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In order to comply with regulations set by the competent authorities, changes will be made to the way that the Bank calculates credit card interest, and the Bank will be amending its Credit Card Agreement. If you have any objections to these amendments, please notify the Bank before these amendments take effect on May 1, 2012 to terminate your agreement. If you do not do so before this date, you will be deemed as having agreed to these amendments:
| Items | After amendment | Before amendment |
|
Article 1 Paragraph 1 Subparagraph 6 |
VI. Transaction Amounts Requiring Revolving Credit Interest Payments: ... from the first interest accrual date for each transaction amount to the date on which all account payables are fully repaid, ... | VI. Transaction Amounts Requiring Revolving Credit Interest Payments: ... from the post date for each transaction amount to the date on which all account payables are fully repaid, ... |
|
Article 15 Paragraph 3 |
Revolving credit interest shall be calculated by applying the appropriate revolving credit interest rates, set by the Bank for the cardholder (maximum annual interest rate of 19.71%) to each individual Transaction Amount Requiring Revolving Credit Interest Payments, for the period beginning on the first interest accrual date and ending on the date that the transaction amount is settled (interest amount rounded to nearest whole number). In particular, the first interest accrual date is the day following the payment deadline for installment payments, and the post date for other payment transactions. | Revolving credit interest shall be calculated by applying the appropriate revolving credit interest rates, set by the Bank for the cardholder (maximum annual interest rate is 19.71%) to each individual Transaction Amount Requiring Revolving Credit Interest Payments, for the period beginning on the post date for each transaction to the date that the transaction amount is settled (interest amount rounded to nearest whole number). |
|
Article 22 Paragraph 5 |
Should any of the conditions described in Paragraphs 1 or 2 apply to the cardholder, ... the Bank shall notify the cardholder of the termination of their Agreement in advance in writing, or through an electronic document or telephone if previously agreed to by the cardholder. | Should any of the conditions described in Paragraphs 1 or 2 apply to the cardholder, ... the Bank shall notify the cardholder in writing of the termination of the Agreement. |
