| Finance Charges
: |
|
| a) Purchases |
18% p.a. of
outstanding amount calculated on a daily basis after expiry of interest
free period. |
| b) Cash
Advance/ Casino Chips |
18% p.a. of the
cash advance/ casino chips amount calculated on a daily basis from date
of transaction |
| |
|
| Cash Advance/
Casino Chip Fees |
The cash
advance fee is 5% of the amount advanced or a minimum of $15, whichever
is higher. This is imposed for each cash advance transaction. All cash
advances are normally made at par by
the disbursing bank subject to any taxes and/ or charges imposed by
applicable law and regulations. |
| |
|
| Minimum Monthly
Repayment |
5% of the
outstanding balance or a minimum of $50, whichever is higher. |
| |
|
| Late Payment
Charge |
The late
payment charge is 1% of the minimum repayment amount due or a minimum of
$5, whichever is higher. |
| |
|
| Interest-free
Period |
20 days from
the date of the monthly billing statement and only applicable for
purchase transactions |
| |
|
| Conversion for
Overseas Transactions |
The conversion
rate as determined by Visa International or MasterCard International and
no additional administration cost is imposed by the Bank |
| |
|
| Other Charges : |
|
| a) Transaction
Receipts |
$25 per
original copy and $15 per duplicate copy |
| b) Card
Replacement Fee |
$30 |
| c) Cheque
Returned Fee |
A $100 penalty
fee will be imposed on cheque returned for non-technical reasons |
| |
|
|
Notice on Paying Only Minimum Monthly Repayment
The amount of interest you have to pay and
the time it takes to repay your balance in full will increase if only
the minimum monthly payment is made. Please refer to item1 at the back
page which illustrates the amount of interest incurred and the repayment
period, under different outstanding amount scenarios if you continue to
pay only the minimum amount. the computations are based on 5% minimum
payment or $50, whichever is higher, at a finance charge of 18% p.a. |
