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| Highlights of Credit Card Terms |
| Important Notes: You are suggested to read carefully the entire Credit Card Terms. Your attention is particularly drawn to the following major terms and conditions |
| 1. |
The terms of our banking agreement apply to the use of your credit card. If you do not agree with those terms, you may wish to terminate your credit card in accordance with the procedure in the Credit Card Terms. |
| 2. |
You must comply with the activation procedures we notify you from time to time. |
| 3. |
You must ensure that only the person issued with a credit card uses it. |
| 4. |
You are liable for all transactions made using your credit card or the card number on such credit card. You are also liable for all transactions made using a supplementary card or the card number on such supplementary card. |
| 5. |
You must ensure that your credit limit is not exceeded. |
| 6. |
You must pay the interest, fees and charges that apply to your credit card. |
| 7. |
You must pay at least the minimum payment due or minimum monthly repayment as set out in your statement. You remain liable to us even if you do not receive your periodic statement. |
| 8. |
We calculate the minimum payment or minimum monthly repayment in accordance with our usual practice. Please refer to your statement or contact us for further information. |
| 9. |
If we do not receive your balance owing for your credit card on or before the due date set out in your statement, we may charge you finance charges, which we may debit from your account. |
| 10. |
We (and any other member of the Standard Chartered Group) may set off any amount we (or any other member of the Standard Chartered Group) owe you against any amount you owe us (or any other member of the Standard Chartered Group) (whether or not the obligation is matured or contingent). We (and each other member of the Standard Chartered Group) may also combine or consolidate all accounts. If we (or any other member of the Standard Chartered Group) combine accounts, any credit funds held by you in your accounts will be applied to adjust the amount owing by you in relation to your other accounts. We (and each other member of the Standard Chartered Group) may do so at any time (even if you are not in default). |
| 11. |
If we do not receive the minimum payment or minimum monthly repayment on or before the due date, you must pay a late payment charge or fee. You may not use your credit card until the minimum payment or minimum monthly repayment has been paid and we may suspend the use of your credit card. |
| 12. |
Despite any other terms of our banking agreement, we may at any time demand immediate payment of any amounts you owe us. |
| 13. |
If you think there is an error on your statement, you must notify us with details of such error within the period specified in the statement. If you do not do so, we will treat the statement as correct. |
| 14. |
If you are not comfortable with any changes we make to our banking agreement, you may terminate your credit card in accordance with the procedure in the Credit Card Terms. |
| 15. |
If your credit card or any supplementary card is lost or stolen, you will be liable for the use of the credit card and any supplementary card until such time you notify us that the card is lost or stolen. However, your liability will be limited to HK$500 if you have not acted fraudulently or with gross negligence and you have complied with the Security Procedures set out in our Customer Terms. |
| 16. |
You are liable for your failure and that of any supplementary cardholders in complying with our banking agreement. |
| 17. |
If you or we end the account for a credit card, you must immediately pay all amounts owing to us in connection with the credit card and any supplementary card. |
| 18. |
You may be liable for any transaction made using a supplementary card until it has been returned or until we are able to implement our procedures applicable to lost cards. We may impose any charges incurred from implementing such procedures. |
| 19. |
Our Customer Terms include additional provisions relating to your liability to us and exclusions or limits on our liability. |
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