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E.SUN Bank will be amending its Credit Card Agreement from September 1, 2015 onwards. If you have any objections to these amendments, please notify E.SUN Bank before the date that these amendments become effective to terminate your agreement. If you do not do so before this date, you will be deemed as having agreed to these amendments (Additionally, Article 17, Paragraphs 6 and 7 will be consolidated into Article 17, Paragraph 6):
| Items | After amendment | Before amendment |
|
Article 4 Paragraph 7 |
E.SUN Bank will send SMS one-time passwords to the mobile phone number on file at E.SUN Bank for the cardholder (including the most recent contact information provided by the cardholder) when identity verification is required for digital credit card transactions (including when applying for services). | None |
|
Article 10 Paragraph 1 |
When the cardholder applies for a cash advance through the credit card, they will be required to follow the rules and procedures for this process set by E.SUN Bank and the organizations responsible for processing this cash advance. They will be required to pay E.SUN Bank a fee equal to 3.5% of the provided cash advance amount in the currency that it is denominated in, plus an additional NT$100 (US$3.50/350 JPY/2.50 Euros) service fee, ... | When the cardholder applies for a cash advance through the credit card, they will be required to follow the rules and procedures for this process set by E.SUN Bank and the organizations responsible for processing this cash advance. They will be required to pay E.SUN Bank a fee equal to 3.5% of the cash advance amount in the currency that it is denominated in, plus an additional NT$100 service fee, ... |
|
Article 13 Paragraph 3 |
In the event that payment for an accounts payable item has been suspended due to a dispute, if the cardholder does not agree to pay the required transaction dispute fees, or E.SUN Bank has determined that the payment transaction has not been made in error or that E.SUN Bank is not at fault for the transaction and that a chargeback shall not be issued, the cardholder should immediately make payment for the transaction upon being notified by E.SUN Bank. The cardholder shall also pay interest to E.SUN Bank calculated based on the revolving credit interest rate starting from the day after the original payment deadline. ... | In the event that payment for an accounts payable item has been suspended due to a dispute, if the cardholder does not agree to pay the required transaction dispute fees, or E.SUN Bank has determined that the payment transaction has not been made in error or that E.SUN Bank is not at fault for the transaction and that a chargeback shall not be issued, the cardholder should immediately make payment for the transaction upon being notified by E.SUN Bank. The cardholder shall also pay interest to E.SUN Bank calculated based on the revolving credit interest rate (capped at a 19.71% interest rate) starting from the day after the original payment deadline. ... |
|
Article 15 Paragraph 1 (Including examples) |
Revolving credit interest shall be calculated by applying the appropriate revolving credit interest rates to each individual Transaction Amount Requiring Revolving Credit Interest Payments, with interest accruing from the first interest accrual date for each transaction (E.SUN Bank should notify the cardholder of their annual revolving credit interest rates, ranging from 5.88 to 15%, through the credit card statements provided each period after credit card application approval). Interest shall continue to be calculated until the transaction amount has been fully repaid (rounded to the nearest dollar), ... | Revolving credit interest shall be calculated by applying the appropriate revolving credit interest rates to each individual Transaction Amount Requiring Revolving Credit Interest Payments, with interest accruing from the first interest accrual date for each transaction (E.SUN Bank should notify the cardholder of their revolving credit interest rates, capped at a maximum 19.71% interest rate, through the credit card statements provided each period after credit card application approval). Interest shall continue to be calculated until the transaction amount has been fully repaid (rounded to the nearest dollar), ... |
| For example: Your credit card closing date is on the third of each month. You make a NT$5,000 credit card purchase on April 30, for which E.SUN Bank makes an advance payment on your behalf on May 2nd (the post date). Your credit card statement lists May 18th as the payment due date, with the minimum payment being NT$1,000. If you make a payment of NT$500 before May 18th, your revolving credit interest for June would be: (Calculated based on a revolving credit interest rate of 15%）(NT$5,000-NT$500) x (32 days, the period from May 2nd to June 2nd) x (15%/365) = NT$59. ... | For example: Your credit card closing date is on the third of each month. You make a NT$5,000 credit card purchase on April 30, for which E.SUN Bank makes an advance payment on your behalf on May 2nd (the post date). Your credit card statement lists May 18th as the payment due date, with the minimum payment being NT$1,000. If you make a payment of NT$500 before May 18th, your revolving credit interest for June would be: (Calculated based on a revolving credit interest rate of 19.71%) (NT$5,000-NT$500) x (32 days, the period from May 2nd to June 2nd) x (19.71%/365) = NT$78. ...。 |
