Revision on Hong Leong Gold Credit Card Terms and Conditions
1 September 2021
|
Card Type |
Effective 1 September 2021 |
|
Gold |
Removal of the lifetime Balance Transfer (BT) program (at 6.99% p.a.) feature for HLB Gold Credit Card as the existing rate for all cardholders is more attractive as illustrated below |
|
Other product features remain unchanged |
Revision on Hong Leong Gold Credit Card Terms and Conditions
Card Type |
Effective 1 September 2021 |
|---|---|
Gold |
Removal of the lifetime Balance Transfer (BT) program (at 6.99% p.a.) feature for HLB Gold Credit Card as the existing rate for all cardholders is more attractive as illustrated below |
Other product features remain unchanged |
FAQ
Q: What is the change made to the HLB Gold Credit Card feature?
A: The removal of the lifetime Balance Transfer (BT) program feature (at 6.99% p.a.) for HLB Gold Card.
Q: When is the effective date of the removal?
A: It will be effective on the 1st of September 2021.
Q: Why is this feature being removed for HLB Gold Credit Card?
A: This feature is being removed as the existing Balance Transfer (BT) program that is applicable for all cardholders is more competitive as illustrated below:
(i) Balance Transfer One-Time Fee Plans – One-time fee calculated on approved amount will be charged upfront and reflected in your next statement.
Repayment Period |
One Time Fee Rate |
Eligibility |
|---|---|---|
6 months |
3% |
|
12 months |
5% |
|
(ii) Balance Transfer Monthly Interest Plans – Monthly interest calculated based on outstanding balance on a daily basis.
Repayment Period |
Interest Rate |
Interest Rate (Connect Exclusive) |
Eligibility |
|---|---|---|---|
Lifetime (No fixed repayment period) |
4.99% |
4.99% |
|
6 months |
7.99% |
6.99% |
|
12 months |
8.99% |
6.99% |
|
Q: If I am currently enrolled on the HLB Gold Credit Card lifetime Balance Transfer (BT) program (at 6.99% p.a.), will I be affected?
A: No, if you are already enrolled on the program, the lifetime BT rates at 6.99% p.a. will continue to apply.
Q: What are the current rates for the lifetime BT program for all cardholders?
A: Currently, the lifetime BT program rates are 4.99% p.a. applicable during Existing Hong Leong Credit Cardholder's birthday month. There is also a 6.99% p.a. Online Interest Rate for Existing Hong Leong Credit Cardholder.
BT Repayment Period |
Online Interest Rate |
Eligibility |
|---|---|---|
Lifetime (No fixed repayment period) |
4.99% p.a. |
During existing Hong Leong Credit Cardholder's birthday month |
6 or 12 months |
6.99% p.a. |
Existing Hong Leong Credit Cardholder |
12 months |
8.99% |
6.99% |
For a copy of Gold Credit Card new T&Cs, please click here.
If you wish to contact our Customer Relationship Officers, kindly drop us an e-mail at hlonline@hlbb.hongleong.com.my (no P&C information please) or you can call us at +603 7626 8899.
