Mox Credit Key Facts Statement

Mox Credit Key Facts Statement

Interest Rates and Interest Charges

Annualised Percentage Rate (APR) for Retail Purchase¹ 34.69% (0.0877% per day) when you are approved for Mox Credit. It will be reviewed from time to time.

We will not charge you interest if you pay your statement balance in full by the due date each month. Otherwise, interest will be charged on:

(i) the unpaid principal in your statement balance, from the date of the previous statement on a daily basis until payment in full; and

(ii) the amount of each new transaction (entered into since the previous statement date), from the settlement date of that new transaction on a daily basis until payment in full.
APR for Cash Advance¹ 37.68% (0.0877% per day) when you are approved for Mox Credit. It will be reviewed from time to time.

Interest will be charged on any unpaid amount of each cash advance (excluding any cash advance fee) from the settlement date of the cash advance on a daily basis until it is repaid in full.
Delinquent APR Not applicable.
Interest Free Period Up to 56 days.
Minimum Amount Due² If your statement balance is less than HKD220, the minimum amount due will be the total statement balance.

Otherwise, the minimum amount due will be the highest of the following two amounts:
  1. (i) 100% of interest, fees and charges; plus
    (ii) 1% of outstanding principal; plus
    (iii) the higher of:
    (A) any amount exceeding your credit limit (excluding interest, fees and charges under (i)); and
    (B) any overdue amount (as applicable, such as any overdue minimum payments); or
  2. HKD220.

Fees

Annual Fee HKD0.
Cash Advance Fee For each cash advance, the highest of the following two amounts:
  1. 3% of the amount of the cash advance; or
  2. HKD100.
Cash Withdrawal Fee HKD0 per cash withdrawal using an approved JETCO ATM in Hong Kong.
HKD20 per cash withdrawal using an approved Mastercard ATM in Hong Kong.
HKD30 per cash withdrawal using an approved ATM outside Hong Kong. For overseas ATM withdrawals using the JETCO Network, no foreign exchange handling fees will be charged by Mox. The foreign currency will be converted into Hong Kong dollars by the exchange rate imposed by JETCO on the transaction date. For overseas ATM withdrawals using the Mastercard Network, a 1.9 % foreign exchange handling fee will be charged by Mox (a 1% fee imposed by Mastercard plus a 0.9% fee imposed by Mox). From 1 January 2022 a 1.95 % foreign exchange handling fee will be charged by Mox (a 1% fee imposed by Mastercard plus a 0.95% fee imposed by Mox). The foreign currency will be converted into Hong Kong dollars by the exchange rate imposed by Mastercard on the transaction date.
Fees relating to Foreign Currency Transactions 1.9% of every transaction (including refunds) effected in a currency other than Hong Kong dollars, comprising a 1% fee imposed by Mastercard plus a 0.9% fee imposed by Mox. We call this the “foreign exchange handling fee”. From 1 January 2022, the foreign exchange handling fee will be 1.95% of every transaction (including refunds) effected in a currency other than Hong Kong dollars, comprising a 1% fee imposed by Mastercard plus a 0.95% fee imposed by Mox.
Late Payment Fee HKD0.
Over-the-limit Fee HKD0.
Rejected Autopay Handling Fee HKD0.
Fees relating to Settling Foreign Currency Transactions in Hong Kong Dollars and Transactions Processed Overseas If you conduct a Hong Kong dollar transaction (including a refund) on your Mox Card, whether in Hong Kong or overseas, and that transaction is processed overseas because the merchant or acquirer is registered overseas (ie. in a place other than Hong Kong), a 1% cross-border access fee will be imposed by Mastercard on that transaction. From 1 January 2022, the cross-border access fee imposed will be 1.95% (comprising a 1% fee imposed by Mastercard plus a 0.95% fee imposed by us). It will be imposed in circumstances where the overseas merchant or acquirer has already converted the transaction into Hong Kong dollars, or you have asked them to do so. The cross-border access fee and foreign exchange handling fee will not be imposed on the same transaction.


For example, the cross-border access fee will apply if you are offered the option to, and choose to, settle a foreign currency transaction in Hong Kong dollars at a point of sale overseas. Please note that such an option is a direct arrangement offered by the overseas merchant and not Mox. You should ask the overseas merchant for details about the foreign currency exchange rate and any applicable fees before you enter into the transaction because settling foreign currency transactions in Hong Kong dollars may involve fees imposed by the merchant in addition to the cross-border access fee (and may involve a cost higher than the foreign exchange handling fee – see above).

Paper Statement Retrieval Fee HKD50 per copy of paper statement, charged to your Mox Account.

¹ APR is calculated based on the guideline as set out in the Code of Banking Practice and a 365-day year (or a 366-day year for leap years) and is for reference only.

² Please refer to Schedule 3 to the General Terms and Conditions for more information on your minimum payment.

Notes:

• We can make changes to this Mox Credit Key Facts Statement for any reason but we’ll give you notice of any changes.

• The English version prevails if there is any inconsistency between the English and Chinese versions.

Last updated: 29 November 2021.