Common use of BALANCE TRANSFER ACCOUNT Clause in Contracts

BALANCE TRANSFER ACCOUNT. a. We may, on our approval of each Balance Transfer application, open an account in your name (the Balance Transfer Account) and debit the Balance Transfer Amount to/from such Balance Transfer Account on the date of the Approval Letter or such later date as determined by us. b. We shall charge and debit the relevant Balance Transfer Account an interest or finance charge calculated: i. during the promotional period (the Promotional Period) specified in the application for such Balance Transfer, at the applicable annual interest rate at the time of such transfer as stated in its application or any other rate determined by us at our sole discretion (the Promotional Balance Transfer Rate); and ii. after the Promotional Period, at the prescribed rate applicable to your Card Account(s), on a daily basis on such outstanding Balance Transfer Amount from the date such Balance Transfer is debited to/from such Balance Transfer Account until the date of full payment. c. The interest paid on the BT Facility is not refundable whether the BT Facility is terminated at any time by you or us (including any termination of the Card Account) or whether the BT Facility is fully repaid by you anytime. d. You shall be fully liable to us for any and all amounts debited from your Balance Transfer Account(s). e. The Promotional Balance Transfer Rate is not applicable to any existing or subsequent charge(s) in relation to Card Transaction(s) incurred or posted to your Card Account. No loyal or rewards points will be awarded for Balance Transfers under any loyalty or rewards programs.

BALANCE TRANSFER ACCOUNT. a. We may, on our approval of each Balance Transfer application, open an account in your name (the Balance Transfer Account) and debit the Balance Transfer Amount to/from such Balance Transfer Account on the date of the Approval Letter or such later date as determined by us. b. We shall charge and debit the relevant Balance Transfer Account an interest or finance charge calculated: i. during the promotional period (the Promotional Period) specified in the application for such Balance Transfer, at the applicable annual interest rate at the time of such transfer as stated in its application or any other rate determined by us at our sole discretion (the Promotional Balance Transfer Rate); and ii. after the Promotional Period, at the prescribed rate applicable to your Card Account(s), on a daily basis on such outstanding Balance Transfer Amount from the date such Balance Transfer is debited to/from such Balance Transfer Account until the date of on which full paymentpayment is received. c. The interest paid on the BT Facility is not refundable whether the BT Facility is terminated at any time by you or us (including any termination of the Card Account) or whether the BT Facility is fully repaid by you anytimeany time. d. You shall be fully liable to us for any and all amounts debited from your Balance Transfer Account(s). e. The Promotional Balance Transfer Rate is not applicable to any existing or subsequent charge(s) in relation to Card Transaction(s) incurred or posted to your Card Account. No loyal or rewards points will be awarded for Balance Transfers under any loyalty or rewards programsprogrammes.

BALANCE TRANSFER ACCOUNT. a. We may, on our approval of each Balance Transfer application, open an account in your name (the Balance Transfer Account) and debit the Balance Transfer Amount to/from such Balance Transfer Account on the date of the Approval Letter or such later date as determined by us. b. We shall charge and debit the relevant Balance Transfer Account an interest or finance charge calculated: i. during the promotional period (the Promotional Period) specified in the application for such Balance Transfer, at the applicable annual interest rate at the time of such transfer as stated in its application or any other rate determined by us at our sole discretion (the Promotional Balance Transfer Rate); and and ii. after the Promotional Period, at the prescribed rate applicable to your Card Account(s), on a daily basis on such outstanding Balance Transfer Amount from the date such Balance Transfer is debited to/from such Balance Transfer Account until the date of on which full paymentpayment is received. c. The interest paid on the BT Facility is not refundable whether the BT Facility is terminated at any time by you or us (including any termination of the Card Account) or whether the BT Facility is fully repaid by you anytimeany time. d. You shall be fully liable to us for any and all amounts debited from your Balance Transfer Account(s). e. The Promotional Balance Transfer Rate is not applicable to any existing or subsequent charge(s) in relation to Card Transaction(s) incurred or posted to your Card Account. No loyal or rewards points will be awarded for Balance Transfers under any loyalty or rewards programsprogrammes.