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Credit Card (1)
Pay On Time To Enjoy Lower Interest

Reduce your standard 18% p.a. interest to 15% p.a. by paying* your credit card bills promptly for 12 consecutive months. If you have no payment delays for 12 months in a row, yu start to enjoy a lower interest on the 13th month. It is understood that sometimes you are late for reasons beyond your control, so far those who pay promptly for at least 10 out of 12 months, you will enjoy a lower interest of 17% p.a.

Example of payment history All of the past 12 months 11 out of past 12 months 10 out of past 12 months 9 out of past 12 months Less than 9 out of past 12 months
1 Jul 2008

O/T

O/T

Late

O/T

O/T

2 Aug 2008

O/T

O/T

O/T

O/T

Late

3 Sep 2008

O/T

O/T

O/T

O/T

O/T

4 Oct 2008

O/T

O/T

O/T

Late

O/T

5 Nov 2008

O/T

O/T

Late

O/T

O/T

6 Dec 2008

O/T

O/T

O/T

O/T

O/T

7 Jan 2009

O/T

Late

O/T

O/T

O/T

8 Feb 2009

O/T

O/T

O/T

Late

Late

9 Mar 2009

O/T

O/T

O/T

O/T

Late

10 Apr 2009

O/T

O/T

O/T

O/T

O/T

11 May 2009

O/T

O/T

O/T

O/T

O/T

12 Jun 2009

O/T

O/T

O/T

Late

Late

O/T = Min payment of 5% made ON/BEFORE the payment due date

Late= Min payment of 5% made AFTER the payment due date

Note: To continue enjoying the reduced interest, you must continue to pay promptly from the 13th month onwards.

Late Payment Penalty will Increase

 

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