Terms and Conditions for Welcome Gift Redemption:
1. Applicant must have
successfully applied for a Go-Goal Gold Card or Classic Card issued by Bank of
Communications Co., Ltd. Hong Kong Branch (the 'Bank') in
2. Applicant who successfully
applies for a principal Card can choose Interest Free Cash Installment Plan or
70,000 Bonus Points or G. Sushi HK$350 Cash Coupon at free or iHome Audio System or Logtek
3. Applicant who successfully
applies for principal and a supplementary Card can choose a iHome
Audio System or Logtek
4. No
spending requirement for cardholders who chooses Interest Free Cash Installment Plan
(“Instalment Plan”) but are bounded by terms and conditions of Instalment Plan
as follows: (1)“Interest Free Cash Installment Plan” (“Instalment Plan”) is bounded by the terms and
conditions of Cardholder Agreement. This Instalment
Plan is a 6 months interest free and no handling charge instalment
loan plan for the new cardholder plus no spending requirement. (2) The approved
loan amount shall be in maximum of HK$40,000 or shall not exceed 80% of the
credit limit available to the cardholder under this Instalment
Plan (whichever is lower). Customer
shall repaid the approved loan amount by 6 instalments and the Bank will debit the credit card account
with the approved loan amount by 6 consecutive monthly instalments.
(3) The loan amount of this Instalment Plan is retail
purchase and the approved credit limit of the Cardholder's credit card account
(“credit card account”) will be held according to the loan
amount until the last instalment amount is
settled. (4)The payment record must
be satisfactory. Cardholders must fully settle the total statement balance in
the first 6 month statements upon credit card account opening and get the
approved loan amount. Otherwise, cardholder will not entitle the offer of this Instalment Plan.
The monthly rate in the subsequent month will be 1.83% and the
annual rate is 22% (Annualized percentage rate 24.36%). (5) Cardholder will be
notified the application result within 2 weeks after the credit card is issued.
The 1st instalment amount will be debited from the
credit card cccount within 2 weeks or on the date
that the Bank may prescribe at its discretion. The approved loan amount will be
deposited into cardholder's designated bank account maintained at the Bank. (6)
Unless approved by the Bank, this Instalment Plan
cannot be cancelled or changed. (7) Cardholders must ensure the bank account
assigned for transferring the loan amount of is correct. No claims will be made
to the Bank for the unsuccessful transfer of the approved loan amount of this Instalment Plan. (8) The approved loan amount for this Instalment Plan is not eligible for bonus point reward or
other spending reward program. Cardholder must immediately settle the remaining
balance of loan amount of this Instalment Plan upon
credit card account cancellation.
(9) In case the Cardholder requests (i) to
cancel or amend the application for the Instalment
Plan; or (ii) make prepayment in partial or full settlement of the outstanding
balance of the Instalment Plan, the Bank will charge
a handling fee of HK$300 each time and will debit it from the credit card
account. (10) The Bank has the right to approve or reject the application of
this Plan hereof without giving any reason therefor.
Notwithstanding the other provisions in these Terms and Conditions, the Bank
shall be entitled at any time with notice to the Cardholder (a) suspend or
terminate the Instalment Plan; and/or (b) revise or
add further provisions to these Terms and Conditions.
5. Retail purchase does not
include purchase of casino chips, purchase of traveler's cheque and payment of
all credit card charges (e.g. annual fees, finance charges, etc.).
6. If the principal or
supplementary cardholder of this promotional offer cancels his/her credit card
within 13 months from the new credit card issue date, the Bank reserves the
right to charge each cardholder an administrative fee of HK$600 from the
principal cardholder's credit card account without prior notice to the
cardholders.
7. Applicant who is currently
holding or has held the principal card(s) of any card type(s) or
principal/supplementary card(s) of Pacific Credit Card or
principal/supplementary card(s) of Go-Goal Credit Card issued by the Bank in the past 6 months is not eligible for
any of the promotional welcome gifts.
8. Once the promotional
welcome gifts is chosen, welcome gift cannot be
exchanged for alternative. Promotional welcome gifts are available on a
first-come-first-served basis while stock lasts. If the cardholder's choice of welcome
gift is out of stock, the Bank reserves the right to offer an alternative gift
as replacement. Welcome gifts cannot be exchanged for cash.
9. A Gift Redemption Letter
will be sent to the successful principal cardholder within 6 weeks from the
date the cardholder has met the relevant gift redemption requirements. Lost,
stolen or damaged Gift Redemption Letters will not be re-issued.
10. The Bank reserves the right to charge
each cardholder an administrative fee of HK$600 if the cardholder redeems a
welcome gift to which he/she is not entitled, makes duplicate redemption, uses
ineligible transactions (as determined by the Bank) to redeem his/her welcome
gift or commits any fraud or abuse in relation to the gift redemption.
11. This promotional offer is applicable
only to successful cardholder who maintains good credit status and whose
principal credit card account is valid at the time of redemption.
12. All welcome gifts (except Interest
Free Cash Installment Plan and 70,000 Bonus Points) are supplied by merchants.
The Bank accepts no liability for any matters relating to any such products
and/or services. The respective merchants are solely responsible for all
obligations and liabilities in relation to such products or services provided.
13. The Bank reserves the right to vary
the terms and conditions, to change or terminate this promotional offer at any
time without prior notice to the Applicant.
14. In case of
any disputes, the Bank's decisions shall be final and conclusive.