Mox Credit Key Facts Statement
Version 3.0
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 | 35.91% (0.0871% 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:
|
Fees
| Annual Fee | HKD0 |
| Cash Advance Fee | For each cash advance (including those via the JETCO or Mastercard ATM networks): 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 1.95% 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 on your Mox Card | 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. We call this the “foreign exchange handling fee”. |
| 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 on your Mox Card | 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
(i.e in a place other than Hong Kong), a 1.95% cross-border access fee will be imposed (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. | Excess Fund Transfer Handling Fee | A 2% handling fee will be charged to your Mox Credit on the amount (or any part thereof) of any Mox Credit fund
transfer effected by you in a calendar month where the cumulative amount of your Mox Credit fund transfer(s) exceeds
the monthly threshold of HKD30,000. A Mox Credit fund transfer includes a payment (including an automatic payment and
other recurring arrangement) using Mox Credit on the Mox app to another Mox user or any other non-Mox Hong Kong bank
account or other FPS “Participants” (as defined in Part B of Schedule 2 to the General Terms and Conditions). Please
note that the applicable handing fee and/or monthly threshold may depend on prevailing promotional terms and conditions.
When you request to make a Mox Credit fund transfer that will exceed the applicable monthly threshold, you will be prompted in the Mox app to acknowledge the applicable handling fee. When you set up an automatic payment or other recurring arrangement that is a Mox Credit fund transfer, you will be prompted in the Mox app to acknowledge that a handling fee may apply when the transaction is effected. Upon your acknowledgment and by proceeding with the Mox Credit transfer, you are deemed to have accepted any applicable handling fee. |
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: 14 December 2022