Terms and Conditions of Standard Chartered Credit Card Statement Instalment Plan
IMPORTANT:
Before you apply for the Standard Chartered Credit Card Statement Instalment Plan,
please read these Terms and Conditions carefully and make sure that they are well
understood. Each Account Holder under a Card Account will be deemed to have accepted
these Terms and Conditions when any Account Holder makes a first application under
the Plan
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Definitions
-
The following expressions shall have the following meanings when used in these
Terms and Conditions:-
“Bank” means Standard Chartered
Bank (Hong Kong) Limited, its successor and assigns.
“Cardholder Agreement”
means the Standard Chartered Credit Card Cardholder Agreement between the Bank
and the Cardholder applicable to the Card Account under which the Account
Holder makes a Statement Instalment Transaction.
“Credit Card Instalment Agreement”
means the Credit Card Instalment Program Cardholder Agreement between the Bank
and the Cardholder in relation to the Instalment Plan.
“Handling Fee” and “Monthly Handling Fee” have the meaning ascribed to those words in Clause
5.
“Instalment” in relation to a Statement Instalment
Transaction means each monthly instalment charged to the Card Account on a
monthly basis during the Instalment Period, as calculated in accordance with
Clause 4(a).
“Instalment Account” means the account
opened in the name of the Account Holder for the purpose of the Instalment
Plan.
“Instalment Limit” means the limit in the
Instalment Account from time to time determined by the Bank at its discretion
and notified to the Account Holder.
“Instalment Period”
in relation to a Statement Instalment Transaction means the period determined
by the Bank from time to time for payment by Instalments of the Statement
Instalment Transaction Amount.
“Instalment Plan” means
the instalment plan made available by the Bank to the Cardholder to enable
purchases of merchandise or services from any designated merchant to be paid
by instalments.
“Plan” means the Standard Chartered
Credit Card Statement Instalment Plan made available by the Bank to Standard
Chartered Credit Card Cardholders.
“Statement Instalment Transaction”
means part or all of the purchases of goods and/or services (excluding
purchase of casino chips, previous balance, cash advance, transactions made by
instalment, fees and charges) which first appear in the same Statement, to be
paid for by Instalments subject to these Terms and Conditions.
“Statement Instalment Transaction Amount”
means the amount of a Statement Instalment Transaction payable by Instalments.
-
Definitions of words and expressions in the Cardholder Agreement shall apply
equally to these Terms and Conditions, except where there is an express
variation of a definition or a different meaning is assigned in these Terms
and Conditions for the purpose of the Plan.
-
Unless the context requires otherwise: -
-
business days do not include Saturdays, Sundays and public holidays;
- words denoting one gender include all other genders; and
-
words denoting the singular include the plural and vice versa.
-
Headings in these Terms and Conditions are for convenience only and shall
be ignored in construing these Terms and Conditions.
-
Applicable Terms
-
Statement Instalment Transaction
-
Application for a Statement Instalment Transaction may be made at any time
during the period commencing 3 business days after (but excluding) the
transaction date of the purchase and ending on at least 7 business days (or
such other number of business days determined and notified by the Bank from
time to time) immediately preceding the Payment Due Date specified in the
Statement on which particulars of the Statement Instalment Transaction appear.
-
When applying for a Statement Instalment Transaction, the Account Holder shall
provide such information as required by the Bank for verification of his
status as an Account Holder.
-
The Statement Instalment Transaction Amount shall not be less than the amount
determined by the Bank from time to time and shall not exceed the total amount
of purchases of goods and/or services (excluding purchase of casino chips,
previous balance, cash advance, transaction made by instalment, fees and
charges) which first appear in the same Statement
-
Subject to these Terms and Conditions, an application for a Statement
Instalment Transaction shall not be approved unless:-
-
the aggregate of the Statement Instalment Transaction Amount and the
Handling Fee is within the total amount of the available instalment limit
and credit limit available in the Card Account at the time of application
for the Statement Instalment Transaction;
-
the Card Account and the Instalment Account (if any) are in normal status;
and
-
there has been no breach of the Cardholder Agreement, the Credit Card
Instalment Agreement or these Terms and Conditions.
-
Any application for a Statement Instalment Transaction is subject to
acceptance by the Bank at its discretion, which acceptance shall be
effective upon notification by the Bank to the Account Holder that the
application has been approved. The Bank is entitled to reject any
application without giving any reasons.
-
Once the application for a Statement Instalment Transaction is approved by the
Bank and before full payment of all Instalments and the Handling Fee, no
cancellation will be accepted.
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Instalment
-
The amount of each Instalment in relation to a Statement Instalment
Transaction will be calculated by dividing the Statement Instalment
Transaction Amount by the number of months constituting the Instalment Period.
-
Each Instalment will be charged to the Card Account and treated in the same
way as a Voluntary Charge arising from a purchase of goods and/or services
made by a Transaction Instruction, and will be shown in a Statement and be
payable by the Account Holder as such in accordance with the terms of the
Cardholder Agreement. The late charge and/or finance charge under the
Cardholder Agreement will apply if the Minimum Payment Due or the New Balance
shown in the Statement is not paid in full on or before the Payment Due Date
specified in the Statement.
-
The number of Instalments, the amount of each Instalment and the Instalment
Period in relation to a Statement Instalment Transaction cannot be altered
without the Bank’s consent.
-
Handling Fee
-
Upon the Bank’s approval of the application for a Statement Instalment
Transaction, a handling fee determined and notified by the Bank from time to
time will be charged to the Card Account either:
-
on a monthly basis during the Instalment Period (each a “Monthly Handling
Fee” and collectively the “Handling Fee”). The first Monthly Handling Fee
will be debited to the Card Account when the Bank approves the Statement
Instalment Transaction application; or
-
on a lump sum basis. The handling fee on such a lump sum basis (“Handling
Fee”) will be debited to the Card Account when the Bank approves the
Statement Instalment Transaction application.
-
The Monthly Handling Fee (or as the case may be, Handling Fee) charged to the
Card Account will be treated in the same way as an Involuntary Charge arising
from a purchase of goods and/or services made by a Transaction Instruction,
and will be shown in a Statement and be payable by the Account Holder as such
in accordance with the terms of the Cardholder Agreement. The late charge
and/or finance charge under the Cardholder Agreement will apply if the Minimum
Payment Due or the New Balance shown in the Statement is not paid in full on
or before the Payment Due Date specified in the Statement.
-
Instalment and Credit Limit
-
Without prejudice to sub-clause (b), the available credit limit in the Card
Account will be provisionally reduced by an amount equal to the Statement
Instalment Transaction Amount and the Handling Fee upon approval of the
Statement Instalment Transaction and will be restored by the amount of each
Instalment and Monthly Handling Fee (or as the case may be, Handling Fee) paid
and to the extent actual payment is received by the Bank.
-
If the Account Holder also maintains an Instalment Account, an amount
equivalent to the Statement Instalment Transaction Amount and the Handling Fee
will be provisionally reduced from the available Instalment Limit upon
approval of the Statement Instalment Transaction and the available Instalment
Limit will be restored by the amount of each Instalment and Monthly Handling
Fee (or as the case may be, Handling Fee) paid and to the extent actual
payment is received by the Bank. In the event that the aggregate of the
Statement Instalment Transaction Amount and the Handling Fee exceeds the
available Instalment Limit, an amount equal to the excess will be
provisionally deducted from the available credit limit in the Card Account
upon approval of the Statement Instalment Transaction where the entire
available Instalment Limit will at the same time be provisionally reduced.
-
Payment
Payments received in respect of the Card Account will be aggregated and applied
in the order specified in the Cardholder Agreement (regardless of an instruction
by the Account Holder to the contrary).
-
Exclusion of Liability
The provisions of the Cardholder Agreement regarding purchase of goods or
services by use of a Card shall apply equally to each Statement Instalment
Transaction. In particular, the Bank will not be concerned with or held liable
for any defective or damaged goods or services or other dispute between the
Account Holder and the supplier of the goods or services relating to the
Statement Instalment Transaction. The Account Holder authorises the Bank to
continue to debit the Instalments and all the Monthly Handling Fees (or as the
case may be, Handling Fee) to the Card Account regardless of any such dispute.
-
Disclosure of data
Each Account Holder authorises the Bank to disclose to the relevant merchant(s)
such of his personal data as may be required for the processing of a Statement
Instalment Transaction under the Plan.
-
Termination and Acceleration of Payment
-
The Bank may at any time at its sole discretion terminate or suspend (for so
long as the Bank thinks fit) the Plan in respect of the Card Account by notice
-
Notwithstanding anything contained in the Cardholder Agreement, these Terms
and Conditions or any other document, the Bank will at all times have the
right at its sole discretion:-
-
at any time to charge to the Card Account the aggregate of all remaining
Instalments and Monthly Handling Fees not previously so charged in
relation to all or any Statement Instalment Transactions, as well as the
full Statement Instalment Transaction Amount and Handling Fee in relation
to Statement Instalment Transactions approved but not yet charged to the
Card Account, and/or
-
to demand immediate payment of all sums outstanding under these Terms and
Conditions, whether or not already reflected in a Statement or due and
payable at the date of the demand.
-
In particular (but without limiting the overriding nature of its right) the
Bank may exercise its right under sub-clause (b) if:-
-
the Card Account is cancelled or terminated (or notice of cancellation or
termination has been given) by the Account Holder or the Bank for whatever
reason;
-
the Account Holder and/or any other defaults in the payment of any amounts
due under the Cardholder Agreement, the Credit Card Instalment Agreement
or these Terms and Conditions;
-
the Account Holder and/or any other breaches any other provision of the
Cardholder Agreement and these Terms and Conditions;
-
the Account Holder is deceased, or a bankruptcy petition is presented in
relation to the Account Holder, or the Account Holder is unable to pay his
debts as they fall due; or
- the Bank exercises its right under sub-clause (a).
-
Early Repayments
-
The Account Holder may at any time during an Instalment Period in relation to
a Statement Instalment Transaction repay all Instalments and Monthly Handling
Fees payable over the remaining Instalment Period (or as the case may be,
Handling Fee) but not yet charged to the Card Account subject to payment of an
administration fee determined and notified by the Bank from time to time.
-
The Account Holder shall give the Bank written notice of his intention to make
early repayment. A notice of early repayment, once given, will not be
revocable without the Bank’s prior consent. Partial early repayment will not
be accepted. The administration fee mentioned in sub-clause (a) will be
payable regardless of subsequent revocation of the early repayment notice or
the Account Holder’s failure to make full early repayment.
-
On receipt of an early repayment notice, the Bank will charge to the Card
Account the Instalments and all Handling Fees to be repaid and the
administration fee mentioned in sub-clause (a). Such amounts will be shown in
a Statement and be payable respectively as a Voluntary Charge arising from a
purchase of goods and/or services made by a Transaction Instruction in
accordance with the terms of the Cardholder Agreement.
-
Amendment
The Bank may amend these Terms and Conditions from time to time.
-
Language
The Chinese version of these Terms and Conditions is provided for reference
only. In the event of any inconsistency between the Chinese and English versions
of these Terms and Conditions, the English version shall prevail.
Issued by Standard Chartered Bank (Hong Kong) Limited August 2015
Terms and Conditions of MANHATTAN’s “Anything Goes Instalment” Program
IMPORTANT:
Before you or other Cardmember apply for the MANHATTAN’s “Anything Goes Instalment”
Program, please read these Terms and Conditions carefully and make sure that they
are well understood. Each Cardmember under a Card Account will be deemed to have
accepted these Terms and Conditions when any Cardmember makes a first application
under the Program.
-
Definitions
-
The following expressions shall have the following meanings when used in
these Terms and Conditions: -“Cardmember Agreement” means the MANHATTAN
Credit Card Cardmember Agreement between the Company and the Cardmember
applicable to the Card Account under which the Cardmember makes an
Instalment Transaction.
“Company” means Standard Chartered Bank (Hong Kong) Limited , its successor
and assigns.
“Handling Fee” and “Monthly Handling Fee” have the meaning ascribed to those
words in Clause 5.
“Instalment” in relation to an Instalment Transaction means each monthly
instalment charged to the Card Account on a monthly basis during the
Instalment Period , as calculated in accordance with Clause 4(a).
“Instalment Period” in relation to an Instalment Transaction means the
period determined by the Company from time to time for payment by
Instalments of the Instalment Transaction Price.
“Instalment Transaction” means any purchases of goods and/or services
(excluding purchase of casino chips) to be paid for by Instalments subject
to these Terms and Conditions.
“Instalment Transaction Price” means the amount of an Instalment Transaction
payable by Instalments.
“Program” means the MANHATTAN’s “Anything Goes Instalment” Program made
available by the Company to Manhattan Credit Card Cardmembers.
-
Definitions of words and expressions in the Cardmember Agreement shall apply
equally to these Terms and Conditions, except where there is an express
variation of a definition or a different meaning is assigned in these Terms
and Conditions for the purpose of the Program.
-
Unless the context requires otherwise: -
-
business days do not include Saturdays, Sundays and public holidays;
- words denoting one gender include all other genders; and
- words denoting the singular include the plural and vice versa.
Headings in these Terms and Conditions are for convenience only and shall be
ignored in construing these Terms and Conditions.
-
Applicable Terms
In relation to the Cardmember’s participation in the Program : -
-
the Cardmember Agreement shall apply in conjunction with these Terms and
Conditions which are additional to the terms of the Cardmember Agreement .
Save where the context otherwise requires, references to the Cardmember
Agreement both in these Terms and Conditions and in the Cardmember Agreement
itself shall be construed as references to the Cardmember Agreement
supplemented by these Terms and Conditions; and
-
in the event of inconsistency between the terms of the Cardmember Agreement
and these Terms and Conditions, these Terms and Conditions shall prevail in so
far as they apply to the Program.
-
Instalment Transaction
-
Application for an Instalment Transaction may be made at any time during the
period commencing 3 business days after (but excluding) the transaction date
of the purchase and ending on at least 7 days (or such other number of
business days determined and notified by the Company from time to time)
immediately preceding the Payment Due Date specified in the Statement on which
particulars of the Instalment Transaction appear.
-
When applying for an Instalment Transaction, the Cardmember shall provide such
information as required by the Company for verification of his status as a
Cardmember.
-
The amount of each Instalment Transaction shall not be less than the amount
determined by the Company from time to time and the number of transactions
under each Instalment Transaction shall not exceed the limit determined by the
Company from time to time.
-
Subject to these Terms and Conditions, an application for an Instalment
Transaction shall not be approved unless: -
-
the aggregate of the Instalment Transaction Price and the Handling Fee is
within the credit limit available in the Card Account at the time of
application for the Instalment Transaction;
- the Card Account is in normal status; and
-
there has been no breach of the Cardmember Agreement or these Terms and
Conditions.
-
Any application for an Instalment Transaction is subject to acceptance by
the Company at its discretion, which acceptance shall be effective upon
notification by letter by the Company to the Cardmember that the
application has been approved. The Company is entitled to reject any
application without giving any reasons.
-
Once the application for an Instalment Transaction is approved by the Company
and before full payment of all Instalments and the Handling Fee, no
cancellation will be accepted.
-
Instalment
-
The amount of each Instalment in relation to an Instalment Transaction will be
calculated by dividing the Instalment Transaction Price by the number of
months constituting the Instalment Period.
-
Each Instalment will be charged to the Card Account and treated in the same
way as a Voluntary Charge arising from a purchase of goods and/or services
made by a Transaction Instruction, and will be shown in a Statement and be
payable by the Cardmember as such in accordance with the terms of the
Cardmember Agreement. The late charge and/or finance charge under the
Cardmember Agreement will apply if the Minimum Payment or the Statement
Balance shown in the Statement is not paid in full on or before the Payment
Due Date specified in the Statement.
-
Any Instalment Transaction Price incurred in a currency other that Hong Kong
Dollars will be converted into Hong Kong Dollars at such rate as the Company
may from time to time designate before calculating the amount of each
Instalment.
-
The number of Instalments, the amount of each Instalment and the Instalment
Period in relation to an Instalment Transaction cannot be altered without the
Company’s consent.
-
Handling Fee
-
Upon the Company’s approval of the application for an Instalment Transaction,
a handling fee determined and notified by the Company from time to time will
be charged to the Card Account either:
-
on a monthly basis during the Instalment Period (each a “Monthly Handling
Fee” and collectively the “Handling Fee”).
-
on a lump sum basis. The handling fee on such a lump sum basis (”Handling
Fee”) will be debited to the Card Account when the Company approves the
Instalment Transaction application.
-
The Monthly Handling Fee (or as the case may be, Handling Fee) charged to the
Card Account will be treated in the same way as an Involuntary Charge, and
will be shown in a Statement and be payable by the Cardmember as such in
accordance with the terms of the Cardmember Agreement.
-
Instalment and Credit Limit
The available credit limit in the Card Account will be provisionally reduced by
an amount equal to the Instalment Transaction Price and the Handling Fee upon
approval of the Instalment Transaction, and will be restored by the amount of
each Instalment and Monthly Handling Fee (or as the case may be, Handling Fee)
paid and to the extent actual payment is received by the Company.
-
Payment
Payments received in respect of the Card Account will be aggregated and applied
in the order specified in the Cardmember Agreement (regardless of an instruction
by the Cardmember to the contrary).
-
Exclusion of Liability
The provisions of the Cardmember Agreement regarding purchase of goods or
services by use of a Card shall apply equally to each Instalment Transaction. In
particular, the Company will not be concerned with or held liable for any
defective or damaged goods or services or other dispute between the Cardmember
and the supplier of the goods or services relating to the Instalment
Transaction. The Cardmember authorises the Company to continue to debit the
Instalments and all the Monthly Handling Fees (or as the case may be, Handling
Fee) to the Card Account regardless of any such dispute.
-
Disclosure of data
Each Cardmember authorises the Company to disclose to the relevant merchant(s)
such of his personal data as may be required for the processing of an Instalment
Transaction under the Program.
-
Termination and Acceleration of Payment
-
The Company may at any time at its sole discretion terminate or suspend (for
so long as the Company thinks fit) the Program in respect of the Card Account
by notice.
-
Notwithstanding anything contained in the Cardmember Agreement, these Terms
and Conditions or any other document, the Company will at all times have the
right at its sole discretion: -
-
at any time to charge to the Card Account the aggregate of all remaining
Instalments and Monthly Handling Fees not previously so charged in
relation to all or any Instalment Transactions, as well as the full
Instalment Transaction Price and Handling Fee in relation to Instalment
Transactions approved but not yet charged to the Card Account, and/or
-
to demand immediate payment of all sums outstanding under these Terms and
Conditions, whether or not already reflected in a Statement or due and
payable at the date of the demand.
-
In particular (but without limiting the overriding nature of its right) the
Company may exercise its right under sub-clause (b) if: -
-
the Card Account is cancelled or terminated (or notice of cancellation or
termination has been given) by the Cardmember or the Company for whatever
reason;
-
the Cardmember defaults in the payment of any amounts due under the
Cardmember Agreement or these Terms and Conditions;
-
the Cardmember breaches any other provision of the Cardmember Agreement or
these Terms and Conditions;
-
the Cardmember is deceased, or a bankruptcy petition is presented in
relation to the Cardmember, or the Cardmember is unable to pay his debts
as they fall due; or
- the Company exercises its right under sub-clause (a).
-
Early Repayments
-
The Cardmember may at any time during an Instalment Period in relation to an
Instalment Transaction repay all Instalments and Monthly Handling Fees payable
over the remaining Instalment Period (or as the case may be, Handling Fee) but
not yet charged to the Card Account subject to payment of an administration
fee determined and notified by the Company from time to time.
-
The Cardmember shall give the Company notice of his intention to make early
repayment. A notice of early repayment, once given, will not be revocable
without the Company’s prior consent. Partial early repayment will not be
accepted. The administration fee mentioned in sub-clause (a) will be payable
regardless of subsequent revocation of the early repayment notice or the
Cardmember’s failure to make full early repayment.
-
On receipt of an early repayment notice, the Company will charge to the Card
Account the Instalments and all Handling Fees to be repaid and the
administration fee mentioned in sub-clause (a). Such amounts will be shown in
a Statement and be payable respectively as a Voluntary Charge and Involuntary
Charge on the Card Account.
-
Amendment
The Company may amend these Terms and Conditions from time to time.
-
Language
The Chinese version of these Terms and Conditions is provided for reference
only. In the event of any inconsistency between the Chinese and English versions
of these Terms and Conditions, the English version shall prevail.
Issued by Standard Chartered Bank (Hong Kong) Limited
August 2015
Manhattan Card – A division of
Standard Chartered Bank (Hong Kong) Limited
