“0% Travel Instalment” Program

“0% Travel Instalment” Program

Hassle-Free Overseas Spending
Fully Waived Interests and Handling Fee

“Travel Instalment” Loan Program
    Wish to extend the interest-free repayment period of overseas spending?

    Wing Lung Credit Card brings you a better travel experience. By applying the “0% Travel Instalment” Program, you can repay in 6-month instalments for any overseas purchase at any merchants without any interest and handling fee. Enjoy your trip without hassle!

    0% Interest 0% Handling Fee

    Fully waived interests and handling fee. No any hidden charges.

    Repayment Period

    Repay in 6-month instalments for organizing your financial plan.

    Simple Application

    Just call to apply 4 working days before the statement payment due date.

    Please call 2616 2821 to apply!

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

    Terms and Conditions of Wing Lung Credit Card "0% Travel Instalment" Program:
    1. The promotion period of "0% Travel Instalment" Program (“Program”) is from 1st January 2018 to 31st December 2018 (both dates inclusive) (“Promotion Period”).
    2. The Program is only applicable to the cardholder (“Cardholder”) of valid Wing Lung Credit Card/ Affinity Card/ UnionPay Dual Currency Credit Card (HKD account) (“Card”), and is not applicable to Corporate Card and UnionPay Dual Currency Credit Card (CNY account).
    3. The Program is only applicable to the retail purchase in foreign currency (non-HKD) by using the Card at overseas (“Eligible Transaction”). While local retail purchases, online purchases, cash advances, mail or phone orders, autopay, credit to cash, flexible instalment, balance transfer, interest free tuition loan, octopus auto reload amount, online bill payment, gambling chips, securities transaction, foreign exchange, travelers' cheque, finance charges, handling fees, annual fee payment, account service fees, late payment charges, reversal transaction, personalized octopus application fee, cancellation or reimbursement of transaction, fraudulent transaction or other transactions that Wing Lung Bank Limited (the “Bank”) may define are not eligible for the Program.
    4. Cardholders can apply the Program for each Eligible Transaction, the amount of each application shall be equivalent to HK$1,000 or above. Eligible Transactions cannot be aggregated. Each Eligible Transaction can apply for the Program once only.
    5. The repayment period under the Program is fixed to 6-month instalment (“Instalment Period”) without handling fee. 0% handling fee is only applicable to the amount approved by the Bank (“Approved Amount”). Interests of outstanding balance, new purchase and cash advance will be calculated by the prevailing interest rate.
    6. No finance charge is payable by the Cardholder under the Program. Notwithstanding the foregoing, if the Cardholder fails to make full repayment of the statement balance specified in the statement by the payment due date, the Cardholder shall pay finance charge on all outstanding balance (including monthly instalment amount due) of the Card pursuant to the Cardholder Agreement. The Cardholder shall pay a finance charge on any monthly instalment amount due but unpaid at the prevailing interest rate of the Card from the post date of such monthly instalment.
    7. The Bank will hold an amount equivalent to the Approved Amount from the credit limit of the Cardholder’s Card. The Bank will proportionally restore the credit limit of the Card every month after the Bank successfully debits the Card with instalment amount due.
    8. During the Promotion Period, Cardholder shall apply for the Program by phone at least 4 working days before the payment due date of the Card. Application will be accepted subject to the Bank's approval by issuing confirmation letter to the Cardholder.
    9. Upon application, the Bank is authorized to exchange information of Cardholder with relevant parties and to obtain credit data of Cardholder by any means which the Bank realized to be appropriate.
    10. The approval result depends on Cardholders' credit status, account status and available credit limit of the Card. The Bank has the right to accept or reject any application without giving reason.
    11. Upon approval of the application, Cardholder is deemed to have accepted the terms and conditions of the Program and Wing Lung Credit Card Cardholder Agreement. No cancellation or amendment of the application is allowed.
    12. Approved Amount will be debited from the available credit limit of designated Card account. Monthly repayment amount is equal to the Approved Amount divided by Instalment Period and will be debited from the Card account monthly. If the Approved Amount is not divisible by the Instalment Period, the remainder will be debited from the Card account in the first month.
    13. After the application is approved, if the Cardholder requests for termination of the Program, early repayment, cancellation or termination of the Card, the Cardholder shall fully settle the outstanding balance of Approved Amount immediately.
    14. The Eligible Transaction and the monthly repayment amount of the Program are not entitled to cash rebate or bonus point, and are not applicable to spending requirement of welcome offers or any other promotional offers.
    15. The Program is a loan agreement between the Cardholder and the Bank. Cardholder agrees and acknowledges that the Bank is not the provider of, and makes no representation of, goods and/or services, therefore the Bank shall have no responsibility or liability for any defective or damaged goods and/or unsatisfactory services, or the inability of the Merchant to continue to supply the goods and/or services. The Cardholder authorizes the Bank to continue to debit the monthly repayment amount to the Card account until full settlement of the outstanding balance of Approved Amount, regardless of any such dispute that may arise between the Cardholder and the Merchant.
    16. The Bank reserves the right to amend or adjust the terms and conditions in relation of 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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