CMB Wing Lung Credit Card Key Facts Statement

Annualised Percentage
Rate (APR) for
Retail Purchase

33.22% when you open your account and it will be reviewed from time to time.The Bank will not charge you finance charge if you pay your statement balance in full by the payment due date each month.Otherwise, finance charge will be charged on (i) the unpaid balance of your credit card account from the date of the previous statement on a daily basis until payment in full and (ii) the amount of each new transaction (entered into since the date of previous statement) from the date of that new transaction on daily basis until payment in full.

APR for
Cash Advance

35.84% when you open your account and it will be reviewed from time to time. Finance charge will be charged on the amount of cash advance and its handling fee from the date of the transaction on a daily basis until payment in full.

Remarks:

Please note that the interest charged shown in card statement on any cash advance made will only cover the interest accrued up to the statement cut-off date and the interest charged will continue to be accrued after the statement cut-off date. In order to minimize the interest charges, you may contact our Credit Card customer services designated hotline to inquire on how to fully settle the interest charge before the next statement date.

Delinquent APR

N/A

Interest
Free
Period

Minimum
Payment

Total interest, fees and charges (including Annual Membership Fees that may be charged) currently billed to the statement plus 1% of the statement balance (excluding any interest, fees and charges currently billed) as at the statement date (Min. Charge: HKD200), plus the overdue or overlimit due (whichever is higher)

Cash Advance
Handling Fee

2.5% of cash advance amount (Min. Charge:HKD50) plus HKD20 (per transaction)

Transaction Fee
for Foreign
Currency Transaction

Transaction in foreign currency made outside of Hong Kong or in Hong Kong which are debited to your CMB Wing Lung Credit Card Account after conversion into Hong Kong dollars on the date the item is processed at a rate determined by Visa / Mastercard plus a fee of 1.75% on the transaction amount (including transaction fee(s) charged by Visa / Mastercard to CMB Wing Lung Bank, if applicable)

Fee relating to
Settling Foreign
Currency Transaction
in Hong Kong Dollars

Customers may sometimes be offered the option to settle foreign currency transactions in Hong Kong dollars at the point of sale overseas. Such option is a direct arrangement offered by the overseas merchants and not the card issuer. In such cases, customers are reminded to ask the merchants for the foreign currency exchange rates and the percentage of handling fees to be applied before the transactions are entered into since settling foreign currency transactions in Hong Kong dollars may involve a cost higher than the foreign currency transaction handling fee. For these transactions in Hong Kong dollars made outside Hong Kong, we will not charge any further markup.

Late
Payment Charge

HKD250 or an amount equivalent to the Minimum Payment stated in the statement (whichever is lower)

Overlimit Charge

HKD180 per month will be charged if the statement balance exceeds 5% or above of the credit limit (Each CMB Wing Lung Credit Card Account will be charged maximum once per statement cycle)

Dishonoured Cheque/ Rejected Autopay Handling Fee

HKD200 (per transaction)

(Dishonoured Cheque / Rejected Autopay Handling Fee will be waived if Late Payment Charge is levied on the same statement)

Annual Paper Statement Fee (not applicable to Corporate Card)

HKD50 (per account)

(receipt of paper statement by mail more than 2 months in each calendar year (i.e. January to December each year))

Exemptions apply to cardholders aged 65 or above, recipients of Government’s Disability Allowance or Comprehensive Social Security Assistance (with valid supporting documents).