If the total outstanding balance is HK$300 or above, the minimum payment will be the sum of the followings:
i. all charges, fees, costs, expenses, interests and/or finance charges posted to the current statement of Card Account;
ii. any amount in excess of the credit limit incurred after last statement date; and
iii. 1% of the statement balance excluding all charges, fees, costs, expenses, interests and/or finance charges posted to the Card Account;
or HK$300, whichever is higher plus any outstanding minimum payment.
If the total outstanding balance is less than HK$300, the minimum payment will be the total outstanding balance.
Late payment charge
If you fail to pay the minimum payment shown on any monthly statement, the rate for finance charge will be adjusted by adding the following applicable Delinquency Adjustment Rate (the "Adjusted Interest Rate"):
i. Cash Advance 4.8% (46.45%)
ii. Retail Transaction 4.3% (41.80%*)
iii. Merchant Categories of Internet Bill Payment / JET Payment / Bill Payment through Customer Services Hotline:
• Banking and Credit Card Services / Credit Card Payment / Credit Services 4.8% (43.69%)
• Security Broker 4.3% (43.65%*)
• Others 4.3% (41.80%*)
The APR of the corresponding Adjusted Interest Rate is shown in brackets.
The Adjusted Interest Rate will apply from the day following the date of the monthly statement issued after the occurrence of the delinquency until the full amount or at least the minimum payment is paid on or before the payment due date for 6 consecutive monthly statements.