Key Facts Statement (KFS) for Credit Card

Interest Rate¹ for Retail Purchase

30% p.a. when you open your account and it will be reviewed from time to time.

Interest Rate¹ for Cash Advance

30% p.a.when you open your account and it will be reviewed from time to time. Interest² 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.

Annualized Percentage
Rate³ (APR) for
Retail Purchase

33.22% when you open your account and it will be reviewed from time to time.

We will not charge you interest² if you pay your balance in full by the due date each month. Otherwise, interest will be charged on the unpaid balance from the date of the previous statement on a daily basis until payment in full.

APR³ for
Cash Advance

35.84% when you open your account and it will be reviewed from time to time. Interest² 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.

Delinquent APR

N/A

Interest
Free
Period⁴

Minimum
Payment

All interest and fees and charges (including Annual Membership Fees that may be charged) currently billed to the statement plus1% 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 Fee

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

(Cash Advance Fee refers to the Cash Advance Handling Fee stated in the List of Service Charges for CMB Wing Lung Credit Cards)

Fees relating to Foreign Currency Transaction

1.75% of every transaction effected in a currency other than Hong Kong dollar.
(Fees relating to Foreign Currency Transaction refers to the Transaction Fee for Foreign Currency Transaction stated in the List of Service Charges for CMB Wing Lung Credit Cards)

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.

This fee is not charged by the card issuer.

Late
Payment Charge

HKD250 or the amount of Minimum Payment stated in the monthly statement (whichever is lower) per statement will be charged.

Over-the-limit Fee

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)

(Over-the-limit Fee refers to the Overlimit Charge stated in the List of Service Charges for CMB Wing Lung Credit Cards)

Returned Payment Fee

HKD200 (per transaction)
(Returned Payment Fee refers to the Dishonoured Cheque / Rejected Autopay Handling Fee stated in the List of Service Charges for CMB Wing Lung Credit Cards. 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).