Jan 6, 2015 - imposed by the Bank under and/or pursuant to the terms of the Card Agreement. 4.4 To participate in the Pr
Version : January 2015
Terms and Conditions for 0% AmFlexi-Pay Plan for Overseas Transactions Promotion The terms and conditions herein (“Terms and Conditions”) are in addition to and are to be read together with the AmBank (M) Berhad (“AmBank”) / AmIslamic Bank Berhad (“AmIslamic Bank”) / MBF Cards (“MBFC”) (collectively referred to as the “Bank”) relevant credit card agreement(s) (“Card Agreement”) which govern the use of the credit card issued by AmBank / AmIslamic Bank / MBFC (“Card”). In the event of any discrepancy or inconsistency between these Terms and Conditions and the Card Agreement, these Terms and Conditions shall prevail in so far as it relates to the Promotion. 1. Definitions 1.1 Except where the context otherwise requires, or unless these Terms and Conditions otherwise provide, all words, names and expressions defined in the Card Agreement when used or referred to in these Terms and Conditions shall have the same meaning as that provided in the Card Agreement. “Cardmember” means the Cardmembers of the Bank whether individual or Corporate who has applied and has been issued with the Principal Card including the Supplementary Card “The Promotion” means “0% AmFlexi-Pay Plan for Overseas Transactions Promotion” organized by the Bank in accordance with the Terms and Conditions stipulated herein (“this Promotion”). 1.2 Words denoting person shall include living persons and, if and where applicable, body or persons incorporated or unincorporated. Words importing the singular shall also include the plural and vice-versa. Words importing the masculine gender shall include the feminine and neuter gender. 2. Promotion Period The Promotion shall commence from 15 December 2014 until 31 March 2015 (both dates are inclusive) (“Promotion Period”), or such other period(s) as may be determined at the sole and absolute discretion of the Bank with prior notice at least 21 calendar days. 3. Eligibility 3.1 The Promotion is made available to the Principal and Supplementary Cardmember of the Bank whose Card account is regularized (not in default of payment including any interest / management fee imposed by the Bank) and has sufficient credit limit at the time of application for and throughout the Promotion Period. 3.2 The Cardmember may apply for the Promotion more than once subject to the Cardmember fulfilling the terms and conditions herein prescribed and subject always to the approval of the Bank. 3.3 Cardmember whose Card accounts have been suspended, cancelled or terminated for whatsoever reasons during the Promotion Period is not eligible to participate in this Promotion. 4. Promotion Mechanism / Process 4.1 The Promotion is applicable for any overseas retail transactions which include purchase of goods and/or services outside Malaysia (transaction posted in foreign currency) made by the Cardmember that meet the cumulative minimum amount stated under Clause 5 herein below. Retail transactions exclude transactions incurred for business purposes, transactions made by the Cardmembers with any merchant in which they have any interest or controlled by them, quasi cash transaction for betting or gaming, balance transfers and instalment payment plans. 4.2 Cardmember is allowed to combine up to 3 overseas retail transactions made in the same month and with the same Card to meet the cumulative minimum amount stated under Clause 5. 4.3 Not applicable for cash advance or payment of instalments under other instalment payment plans provided by the Bank or any other bank or financial institution, payment of instalments under balance transfer and settlement of any annual fee, outstanding balances or charges imposed by the Bank under and/or pursuant to the terms of the Card Agreement. 4.4 To participate in the Promotion, Cardmember is required either to: a) Call Bank’s Contact Centre at +603-2178 8888, or b) Email in the following information: IC number, last 4-digit of credit card number, merchant name(s), transaction date(s), amount(s), instalment tenure and rate to
[email protected] (for single and combined transactions conversion), or c) SMS in FlexiNew IC numberamountlast 4-digit of credit cardnumbertenuremerchant name to 36266 (for single transaction conversion only). The Bank may periodically prescribe any other method of application for the Promotion at its sole discretion with prior notice. 4.5 Request via SMS must be made via registered mobile number with the Bank. 4.6 Standard telco charges shall apply for each SMS sent. Cost of SMS confirmation shall be borne by the Cardmember at RM0.30 per SMS. 4.7 Subject to the Bank’s approval, a purchase transaction not precluded by any terms herein can be settled by instalments under the Promotion if-: a) the purchase is made between 15 December 2014 and 31 March 2015 (both dates are inclusive); b) the Card account has been debited with the purchase transaction; and c) the total purchase transaction amount to be converted to monthly instalment is equal or less than Cardmember’s current outstanding retail balance. d) the purchase transaction is reflected in the current month statement as part of the Current Balance due, which has not passed the subsequent month statement date at the time the purchase transaction is converted into instalment under this Promotion.
Version : January 2015
4.8 The details of the purchase transaction which the Cardmember intends to pay by instalments under this Promotion must be made known to the Bank at the time of application, which shall be five (5) days after the purchase is made, and the same has been posted/or stated in the Card’s current month’s statement or no later than five (5) days before the Card’s statement date of subsequent month. As an example of the above: • The statement date is 6 January 2015 • The purchase transaction date is 16 December 2014 • The Cardmember must call the Bank to participate in the Promotion after 21 December 2014 (five (5) days after the purchase transaction date in order to allow the transaction to be posted) and will be reflected on 6 January 2015 statement (current month statement) or the Cardmember may call the Bank latest before 1 February 2015 (five (5) days before the next statement date i.e., 6 February 2015) to participate in the Promotion. 4.9 The Bank reserves the right to reject or approve the application at its absolute discretion without any reason and with prior notification to the Cardmember. 4.10 The Bank also has an absolute discretion to vary / revise / amend the Promotion Mechanism / Process as it deems fit at any time with prior notification at least 21 calendar days to the Cardmember. 5. Tenure & Rate 5.1 The instalment tenure of the Promotion shall be made available to the Cardmember for the periods of six (6) months or such other period as the Bank may specify from time to time at its discretion (“Tenure”) with prior notice at least 21 calendar days to the Cardmember. 5.2 To qualify for the Promotion, the Cardmember is required to meet the minimum purchase(s) transaction limit as provided in the following table: Rate
Tenure
0%
6 months
Single or Cumulative Minimum Amount (Up to 3 combined overseas transactions only) RM1,000
5.3 The minimum amount limit provided above may be varied by the Bank from time to time at its absolute discretion with prior notice at least 21 calendar days to Cardmember. 5.4 Monthly instalment is computed as the following example: Example:
Total approved amount of RM1,000.00 RM1,000.00 / 6 months = RM170.00 (1st month); RM166.00 (subsequent 5 months)
5.5 The Bank reserves the sole discretion to vary and change the rate with prior notice at least 21 calendar days to the Cardmember. 5.6 No additional interest rate / management fee will be imposed if each instalment is paid in full before the payment due date. If the instalment amount is not paid in full on the payment due date, the prevailing card interest rate / management fee or such rate as prescribed by the Bank in the Card Agreement will be chargeable on the balance instalment / approved amount remaining unpaid on the due date until the instalment is settled in full. 6. Events of Default 6.1 In addition to and not in derogation of any events which constitute a default in the Card Agreement, each of the following events shall constitute an Event of Default where the occurrence of such an event, without prejudice to the Bank’s right to demand payment of all or any part of the outstanding charges and/or the Promotion’s monthly instalments and the monies due thereunder, the Bank shall be entitled to exercise all the remedies made available to it under the Card Agreement or under the law in general. Event of Default shall include but not limited to: a) if the Cardmember defaults in any of his / her obligations stated herein or under the Card Agreement and/or; b) if the Cardmember defaults in the payment of the monthly instalment, Promotion interest / management fee and/or any sums due there under or under the Card account and/or; c) if the Promotion shall be terminated by the Bank and/or; d) if these Terms and Conditions herein or any part hereof shall at any time for any reason cease to be in full force and effect or valid or shall be declared void, repudiated or frustrated and/or; e) if it becomes impossible or unlawful for the Bank to make available or continue to make available the Promotion to the Cardmember due to any regulatory order, law or government instructions and/or;. f) if there shall occur any circumstances of any nature which in the Bank’s opinion may cause the Bank to be unable to make available or continue to make available the Promotion to the Cardmember and/or; g) the Card is cancelled or the account is terminated either by the Cardmember or the Bank. 6.2 Regardless of whether an Event of Default has occurred, the Bank shall be entitled at its absolute discretion at anytime with prior notice at least 21 calendar days, without having to assign any reason to the Cardmember to terminate the Promotion made available to the Cardmember, whereupon all outstanding monthly instalments with the respective interest rate / management fee shall immediately become due and payable upon the Bank’s demand of the same by notice in writing to the Cardmember. All such outstanding amount will be shown in the monthly statement and the Cardmember shall pay the same in accordance to the provisions of Card Agreement in default of which, the Bank shall be entitled to exercise its rights under these Terms and Conditions and the Card Agreement.
Version : January 2015
7. Early Settlement and Cancellation 7.1 The Bank shall be entitled to debit from the Cardmember’s account RM50 for any early settlement of the purchase transaction amount ahead of the instalment Tenure. All outstanding instalments with its respective interest / management fee for the entire Tenure shall immediately become due and payable in any early settlement. For avoidance of doubt, any cancellation of the Card shall be regarded as an early settlement under this Promotion and the Bank shall similarly be entitled to debit the amount of RM50 from the Cardmember’s account and shall have the right to claim and be paid with all outstanding instalments with its respective interest / management fee for the entire Tenure, due to the aforesaid. This clause is not applicable to MBF Cards. 8. Miscellaneous 8.1 By participating in this Campaign, all participants consent to and agree to be bound with the Terms and Conditions herein, and the decisions of the Bank. 8.2 The Bank shall have the right and absolute discretion to disqualify any Cardmember that it finds to be tampering with the entry process and/or the operation of the Promotion, to be acting in breach or potential breach of the Terms and Conditions herein. 8.3 All transactions and decision by the Bank on all matters relating to this Promotion shall be final and binding on the Cardmember. 8.4 The Bank may defer, suspend or reject any application for the Promotion in any event which includes, but not limited to, if amount requested does not meet the minimum prescribed purchase transaction limit or if the Cardmember’s account has insufficient available balance or such other reason as may be deemed fit by the Bank at its absolute discretion. 8.5 A corresponding amount of the Cardmember’s existing credit limit will be reserved for the approved amount which shall not be available to the Cardmember but will be progressively restored on a monthly basis as payment of each instalment amount is made. 8.6 The Promotion is valid from 15 December 2014 until 31 March 2015. All requests after this date will be at the Bank’s absolute discretion. 8.7 The Bank may disclose the Cardmember’s information only to third parties appointed by the Bank for the purpose of banking operations that provide for this service and Promotion (excluding for marketing purposes). Upon participation in and acceptance of the Promotion, the Cardmember is hereby consent to and agree that the Bank shall be at liberty for such disclosure. 8.8 The Promotion is valid only up to the date stated in Clause 8.6 above or such other date as may be extended by the Bank. Nothing herein contained shall be construed as imposing an obligation on the Bank to extend the validity period of the Promotion and the Bank disclaims all liabilities in respect of any actions, claims, damages, costs, charges and expenses which the Cardmember may suffer, sustain or incur by reason of his/her participation in the Promotion. 8.9 The Bank shall not be responsible for any inadequate, damaged or defective merchandise or be concerned with any dispute between the Cardmember and the merchants. The Cardmember must at all times pay the Promotion monthly instalments as prescribed by the terms herein. 8.10 The Bank reserves the right to end the Promotion or vary, delete or add to any of these Terms and Conditions herein contained at anytime with prior notice at least 21 calendar days to the Cardmember. The Promotion may be replaced in whole or in part by another promotion at the Bank’s absolute discretion. 8.11 The Bank shall have the right and absolute discretion to cancel, terminate or suspend the Promotion at any time with prior notice at least 21 calendar days to the Cardmember. For the avoidance of doubt, cancellation, termination or suspension by the Bank of this Promotion shall not entitle the Cardmember to any claim or compensation against the Bank for any and all losses or damages suffered or incurred by the Cardmember as a direct or indirect result of the act of cancellation, termination or suspension. 8.12 Under no circumstances will the Bank be liable for any loss or damages, including without limitation to,loss of income, profits, goodwill, direct or indirect, incidental, consequential, exemplary, punitive or special damages of any party including third parties, howsoever arising whether in contract, tort, negligence or otherwise, in connection with this Promotion. Even if the Bank has been advised of the possibility of such losses or damages in advance, all such losses or damages are hereby expressly excluded. 8.13 The Bank shall not be liable for any misinterpretation of facts in respect of the interest rates / management fee offered and published in any mass media, marketing or advertising materials. 8.14 The Bank shall not be liable for any default in respect of the Promotion due to any act of God, war, riot, strike, lockout, industrial action, fire, flood, drought, storm, technical or system failures or any event beyond the reasonable control of the Bank. 8.15 All terms and conditions stipulated herein, shall be governed by and construed in accordance with the laws of Malaysia. 8.16 Cardmember is advice to refer to ambank.com.my from time to time for the latest Terms and Conditions. For any assistance, Cardmember may contact our Contact Centre at +603-2178 8888. Version: January 2015
