![]() ![]() 20.24%, 25.24%, or 29.99% Variable APR thereafter balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min: $5. ![]() 0% intro APR for 15 months from account opening on purchases and qualifying balance transfers.Earn unlimited 2% cash rewards on purchases.Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months.Select “Apply Now” to take advantage of this specific offer and learn more about product features, terms and conditions.Banks normally charge a higher interest rate on cash advances than on the outstanding balance of retail purchases. Also, there is generally no “interest-free” repayment period for cash advances, which means interest will be incurred daily from the date the cash advance is made until it is fully repaid. Do not make cash advance transaction with your credit card without careful consideration.A poor repayment history will also affect your credit record and future loan applications. Avoid overdue payment as this will incur a late charge.If you often repay the minimum payment amount only, you should reconsider your repayment ability. If you fail to settle in full payment of your credit card bill on or before the due date, new transactions will immediately incur the finance charge. Avoid repayment of the minimum payment amount or partial repayment only as this will incur finance charges.Do not disclose your credit card number, card expiry date, security code (printed next to the signature panel on the back of the card) or one-time password (OTP) to a third party to avoid unauthorised transactions using stolen data.You can ask your bank to lower the credit limit if you think it is too high. You can also consider opting out of the "over-the-limit" arrangement. Do not over-spend simply because your credit cards have a high limit.Avoid unnecessary spending just to meet the conditions of a new card offer. Do not apply for a credit card simply because of the welcome gifts.Understand the chargeback mechanism from your bank.and promptly inform your bank if you notice any suspicious or unauthorised transactions, regardless of the amount. Be aware of bank notifications via SMS messages, etc. Read the statements carefully, and check whether every transaction is correct. Be aware of banks’ billing cycles and their means of issuing monthly statements.Read carefully the notifications issued by banks, as they are required to notify their credit card customers in advance for a specified period if they wish to change their related fees and charges, their credit limits and their key terms and conditions. ![]() If you wish to settle foreign currency transactions in Hong Kong dollars, you should ask the merchants about the exchange rate and the fees to be applied to the transactions because such transactions may involve a higher cost. Be aware that such charges vary among banks. Understand the banks’ credit card charges for foreign currency transactions before travelling.Use the Annualised Percentage Rate (APR) to compare banks’ interest charges and other fees on retail purchases and cash advances.Customers can submit applications to banks for their consideration. Depending on individual customers’ circumstances, some banks will consider granting waivers of annual fees on credit cards.Study the credit card fee schedule carefully to understand the applicable fees and charges as well as their calculation methods.Some offers may apply only to certain types or brands of cards issued by a bank, while others may require customers to pre-register or first spend a certain amount at designated shops during the promotional period. Understand clearly the terms and conditions of credit card promotional offers.Be aware of any conditions attached to a welcome offer as you may be liable for the costs if you fail to meet such conditions.Understand the terms and conditions of credit cards, including the credit limit, interest-free repayment period, minimum payment amount, other payment terms, and fees and charges.Consider your actual needs before shopping with your credit cards to avoid over-spending. ![]()
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