"Credit-to-Cash" Program

"Credit-to-Cash" Program

Enjoy Financial Flexibility
Monthly handling fee as low as 0.26%

"Credit-to-Cash" Program

    Wing Lung Credit Card has prepared back up cash for you to fulfill your financial needs.

    Special-low Handling Fee

    Monthly handling fee as low as 0.26%*

    Credit-to-Cash Amount Monthly Handling Fee
    Repayment Instalment Period
    (6 / 12 / 18 / 24 / 36 months)
    HKD40,000 or above 0.26%
    HKD3,000-HKD39,0008 0.30%

    * Annualized Percentage Rate (APR) is 5.46% (6 months) for monthly handling fee of 0.26%. (APR is a reference rate which includes the interests and other fees and charges of the product expressed as an annualized rate. APR is calculated according to the method set out in the Code of Banking Practice.)

    Example:Credit-to-Cash Amount of HKD40,000 with 24 months repayment instalment. The Handling Fee, Monthly Repayment Amount and Monthly Principal of each Credit-to-Cash Amount of HKD10,000 is as follows:

    Handling Fee Monthly Repayment Amount Monthly Principal
    Monthly Handling Fee
    HKD26
    (HKD10,000 x 0.26%)

    Total Handling Fee
    HKD624
    (HKD26 x 24 months)
    First month HKD458^

    Afterwards HKD442 per month

    [(HKD10,000 + HKD624) / 24 months]
    First month HKD432
    (HKD458 - HKD26)

    Afterwards HKD416 per month
    (HKD442 - HKD26)

    ^ If the Credit-to-Cash Amount and Handling Fee is not divisible by the repayment instalment period, the remaining amount will be deducted from the account in the first repayment instalment.
    The above example is for reference only, for the actual monthly repayment amount, please refer to the monthly statement.

    Practical Tips

    Q: Do I save handling fee expenses by making early repayment of Credit-to-Cash Amount of Wing Lung Credit Card "Credit-to-Cash" Program?

    A: You have to pay an early repayment handling fee, and repay the total outstanding balance of Credit-to-Cash Amount and total handling fee immediately if making early repayment of Credit-to-Cash Amount of Wing Lung Credit Card "Credit-to-Cash" Program. Therefore, you DO NOT save handling fee expenses by making early repayment of Credit-to-Cash Amount of Wing Lung Credit Card "Credit-to-Cash" Program.

     

    Easy Application, cash will be credited into your bank account as soon as 4 working days.

    Application Hotline: 3711 7188

    Apply Now

    Warning: To borrow or not to borrow? Borrow only if you can repay!

    Terms and Conditions of Wing Lung Credit Card "Credit-to-Cash" Program:
    1. The promotional period of Wing Lung Credit Card “Credit-to-Cash” Program (“the Program”) is from 1st May 2017 to 31st March 2018 (both dates inclusive) ("Promotional Period").
    2. The Program is only applicable to principal card cardholder ("Cardholder") of Wing Lung Credit Card/ Affinity Card/ UnionPay Dual Currency Credit Card ("Cards") and is not applicable to Supplementary Card and Corporate Card.
    3. Upon successful application of the Program by Cardholder through whatever channel, once the approved credit-to-cash amount ("Credit Amount") is credited into Cardholder's designated account or is sent to Cardholder by a cashier order issued by Wing Lung Bank Limited ("the Bank"), Cardholder is deemed to have accepted the terms and conditions of the Program and Wing Lung Credit Card Cardholder Agreement.
    4. Once the application is submitted by Cardholder, Cardholder shall pay HKD500 as administrative fee if the application is varied or cancelled.
    5. For Credit Amount of HKD3,000-HKD39,000, the Annualized Percentage Rate (“APR”) of 0.30% monthly handling fee charged by the Bank is 6.32% (6 months)/6.78% (12 months)/6.93% (18 months)/6.98% (24 months)/7.00% (36 months). For Credit Amount of HKD40,000 or above, the APR of 0.26% monthly handling fee charged by the Bank is 5.46% (6 months)/5.86% (12 months)/5.99% (18 months)/6.04% (24 months)/6.07% (36 months). Monthly handling fee is calculated based on the Credit Amount and the minimum monthly handling fee is HKD10. APR is a reference rate which includes the interests and other fees and charges of the product expressed as an annualized rate. APR is calculated according to the method set out in the Code of Banking Practice.
    6. If the Cardholder fails to settle the outstanding balance and handling fee of that instalment on or before the due date, the Cardholder is liable to pay the interests (finance charge), late payment charge (HKD250 or the amount of Minimum Payment stated in the monthly statement of that instalment, whichever is the lower) and other charges (if applicable). If the repayment is rejected due to the cheque being dishonoured or autopay failure, the Cardholder shall pay HKD200 as the handling fee for dishonoured cheque or rejected autopay. The handling fee for dishonoured cheque or rejected autopay will be waived if late payment charge is charged in the same monthly statement. For more details, please refer to Part 4 - Credit Card Service Charges of the General Banking and Sunflower Service Charges (available at www.winglungbank.com). Interests will be charged and calculated based on outstanding balance and handling fee according to the prevailing interest rate of 30% per annum (annualized interest rate: 33.22%) on a monthly compound basis. Interest will be calculated on the basis of 365 days per year (including ordinary and leap years).
    7. Special-low handling fee is only applicable to the Credit Amount of the Program. Interests from original outstanding balance, outstanding balance of new purchase and cash advance will be calculated by the prevailing interest rate of the Bank.
    8. Within the Promotional Period, the minimum application of Credit Amount by Cardholder shall be HKD3,000 and in the multiple of HKD1,000. The maximum Credit Amount shall be 95% of available credit limit of designated Cards account. The Bank shall have the sole discretion to determine the final Credit Amount which depends on the relevant account status. The Bank has the right to accept or reject any application without giving reason.
    9. Information provided and documents submitted by Cardholder must be accurate. The Bank is authorized to verify by whatever means if it thinks fit the truthfulness of the information provided by Cardholder are accurate, to exchange information with relevant parties and obtain other credit data of Cardholder.
    10. For each credit of the Credit Amount to the designated non-Wing Lung Bank HKD account under the name of Cardholder, the Bank will charge an administrative fee of HKD30. The receiving bank may also deduct the handling fee from Cardholder's account. If Cardholder chooses to receive a cashier order, the Bank will charge a handling fee of HKD40 for issuing the cashier order. All such fee(s) shall be paid by the Cardholder.
    11. Credit Amount and total handling fee will be deducted from the available credit limit of designated Cards account. Each repayment instalment amount is equal to the aggregation of Credit Amount and total handling fee divided by designated repayment instalment period and will be deducted from the designated Cards account monthly. If the Credit Amount and handling fee is not divisible by the repayment instalment period, the remaining amount will be deducted from the account in the first repayment instalment.
    12. Normally, Credit Amount will be credited to Cardholder's designated HKD account within 4 working days after application successfully approved. Approved application will be notified by offer letter.
    13. An early repayment handling fee of HKD500 will be levied for early repayment and the Cardholder shall repay the total outstanding balance of Credit Amount and total handling fee immediately.
    14. Credit Amount of the Program is not entitled to cash rebate/ bonus point.
    15. Credit Amount of the Program is not applicable to spending requirement of welcome offers or any other promotional offers.
    16. The Bank reserves the right to amend or adjust the stated monthly handling fees and any terms and conditions in relation to the Program without prior notice. In case of any dispute, the decision of the Bank shall be final.
    17. If there is any discrepancy between the English and the Chinese versions of these terms and conditions, the English version shall prevail.

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