Card Instalment Plan

Please manage your finances carefully and value your credit. Interest on revolving credit and cash advance 5.68% to15.00%. Service Charges for cash advance NT$100 + the amount of cash advance * 3.5%. Base date of interest on revolving credit: September 1 2015.

1. The Hong Kong and Shanghai Banking (Taiwan) Corporation is short for “HSBC” and the HSBC Credit Cards is short for “Card” in the Credit Card Zero Fee Installment Policy.
2. The HSBC Zero Fee Installment Purchase Policy (“Policy”) shall apply to only HSBC Credit Cards (“Card”) issued by the Hong Kong and Shanghai Banking (Taiwan) Corporation (“HSBC”). The “Card” shall not include corporate cards or business cards.
3. The Policy shall be valid for the available balance of the Card, and the maximum amount shall not exceed the credit limit of the Card. When the amount exceeds the credit limit, the excess amount shall be added to the card’s minimum payment of the month. The cardholder may make multiple applications for payment by installment, on the condition that the accumulative total amount of payments shall not exceed the available balance of the Card.
4. Under the Policy, HSBC will advance the total amount of purchase to contract stores, and cardholders shall return the amount to HSBC by installment.
5. Cardholders shall return the principal to HSBC by installment on a monthly basis (“Monthly Payable Amount of Installment”) according to the installment plan selected by cardholders from the day of approval of the Policy. The Monthly Payable Amount of Installment shall be included in the card’s minimum payment for each month and cardholders shall pay accordingly.
6. The product, price, applicable period and the tenor (maximum shall not exceed 30 months) of the Policy shall subject to the announcement of contract stores.
7. The calculation of Monthly Installment is as follows:
   
   Amount of Monthly Payable Amount = Amount of Purchase selected for Payment by Installment ÷ Installment Plan Tenor
   
   When the Monthly Payable Amount cannot be evenly divided by the Installment Plan, the remaining balance shall be added to the Monthly Payable Amount of the first installment. When there are discrepancies in the Monthly Payable Amount and Total Amount of Payment by Installment between the card payment receipt and the bank statement as a result of the difference in the payment calculation settings of the terminal card reader, the exact monthly principal shall be subject to the amount in the bank statement.
8. All unpaid installments and service charges (if any) shall be deemed as mature without prior notice or summons for cardholders when any installment is delayed or cardholders revoke the Card during the period that an installment contract is in effect. HSBC shall include this sum in the general card account payable in the following month and charges interests and late fee accordingly.
9. Beginning from 1 Oct 2017, the inclusion of the Monthly Payable Amount into HSBC Privilege Bonus Plan will be determined by the applicable campaign or offer at the time of the instalment transaction.
10. Cardholders should retain the “Payment by Installment Receipt” and the “Card Payment Receipt” for future enquiries.
11. Under no circumstances shall cardholders revoke the installment contract or alter the installment plan after the transaction has been completed. Unless otherwise approved by HSBC, cardholders shall not request an advance reimbursement.
12. Pursuant to Article 19, Consumer Protection Act, cardholders shall enjoy a seven-day grace period when purchasing from a mail order service. Therefore, cardholders may return the product or revoke a trading contract with the contract store with a written notice during the grace period. When cardholders purchase multiple items from a mail order with the Policy, they shall return all items in the same purchase order without requesting the return of a particular item. When the grace period granted by contract stores is longer than that prescribed in the Consumer Protection Act, and cardholders wish to return the item after seven days from purchase, cardholders shall contact the contract stores to apply for a refund. Cardholders shall enquire with sellers concerning the refund procedure for product return or service revocation.
13. Under the Policy, HSBC shall advance the contract store, at one time, the lump sum of the purchase, including the total amount of product/service purchased and the service charge. Cardholders shall pay the monthly payable amount to HSBC every month. HSBC shall only advance the payment for purchases and shall assume no responsibility for entity relationship of trade, including, but not limited, to the delivery of product or product defects. Cardholders shall contact contract stores to settle disputes arising from or in connection with the refund for a product return or service revocation, or the quality, quantity, and amount of the product/service purchased. In no circumstance shall cardholders reject the payment payable to HSBC with such context. Cardholders may request HSBC to handle such disputes according to the Account Payment Dispute Management Procedure specified in the card holding terms when they cannot settle a dispute with the contract store.
14. Matters not provided in the Policy shall be subject to the terms prescribed in the HSBC Credit Card Terms and Conditions Additional Clause.
15. HSBC reserves the right of final approval of the Policy.
16. The specification and accessories of promotional products, actual price, promotion contents, duration of promotional activities, and actual prizes shall be subject to the announcements made by contract stores. Each contract store shall reserve the right of altering such activities without prior notice.
17. Payments made to the credit card account are applied in the following order of priority, namely, annual fee, fees (including default penalty fee), interest charges (including but not limited to revolving interest and installment interest), monthly installment amount, Cash Advance, and general transactions. If the credit card statement is overpaid, the overpaid amount will be listed as premium in the statement of next month and will not offset the remained principal in advance.