Hang Seng Credit Card Customer Privilege
Available with iPhone for Life –
the affordable way to have the latest iPhone

How to buy iPhone in a smart way? As Hang Seng Credit Card¹ customers, you are privileged to join the brand new iPhone for Life to buy the latest iPhone (“iPhone”) to enjoy lower monthly payment, interest-free and $0 handling fee Instalment plan².

At the 24th month of the instalment plan, you have the flexibility to upgrade to a new iPhone at the respective mobile service provider and use the “Guaranteed Buy-Back Value”³ to offset remaining unpaid instalments payment, or keep the iPhone by continue paying the remaining monthly instalments.

iPhone for Life to purchase a new iPhone – Your smartest choice

Lower payment

Monthly contributions are lower than normal instalments

FREE interest and $0 handling fee
Applicable to purchase of standalone iPhone or together with subscription of designated service plan³
Up to 36 months instalment

Flexible option

Decision on upgrade or keep your iPhone in the 24th month

Upgrade to the latest iPhone³ and offset the remaining instalment payment by "Guaranteed Buy-Back Value"³
Keep your iPhone and continue to pay the balance by instalments

Designated mobile service providers of iPhone for Life

Act Now!

Visit designated mobile service providers retail outlets to purchase the latest iPhone with Hang Seng Credit Card to enjoy iPhone for Life.

Remarks

Applicable to Hang Seng Credit Card, Affinity Card, Commercial Card, Corporate Card or Spending Card, excluding Hang Seng USD Visa Gold Card, Renminbi Credit Card, UnionPay Renminbi Diamond Commercial Card and Private Label Card.
iPhone for Life instalment plan ranges from 30 to 36 months, subject to respective mobile service providers. For details, please visit the website of designated mobile service providers or contact their frontline.
Applicable to purchase of standalone iPhone and/or with subscription plan, “Guaranteed Buy-Back Value” and/or phone upgrade is/are provided by designated mobile service providers and subject to their relevant Terms and Conditions. For details, please visit the website of designated mobile service providers or contact their frontline.

iPhone for Life Frequently Asked Questions

What is iPhone for Life?
iPhone for Life Plan is a brand new payment option for purchasing iPhone from designated mobile service provider, customer can enjoy an interest-free credit card instalment plan at a lower monthly instalment, and possess 2 flexible options after 24 months:
1. Upgrade to a new iPhone at the respective mobile service provider and use the Guaranteed Buy-Back Value to offset remaining unpaid instalments payment
2. Keep the iPhone by continue paying the remaining monthly instalments
What are the benefits of joining iPhone for Life?
iPhone for Life provides customers an alternative way to purchase iPhone using an unique interest free credit card instalment, customers enjoy a lower monthly instalment payment compared to the regular 24 months instalment and will have the flexibility to upgrade or retain their iPhone after 24 months.
Also, the mobile service provider will provide a Guaranteed Buy-Back Value of the iPhone at the start of the program, protecting customers from any risk of higher depreciation and lower market value.
Which iPhone models are available for iPhone for Life?
Applicable to the newest iPhone models only. Please contact the respective mobile service providers for more details.
Who are the mobile service providers of iPhone for Life?
iPhone for Life is currently available at the designated mobile service providers, including 1O1O, 3HK, China Mobile Hong Kong, CSL, HKBN, SmarTone, Supreme and Telecom Digital SUN Mobile.
Do I need to subscribe any service plan with the designated mobile service providers in order to join iPhone for Life?
Standalone iPhone purchase can also use iPhone for Life, please contact the respective mobile service providers for details.
Who should I turn to for help if I have enquiries about iPhone for Life?
Please contact the respective mobile service providers who are solely responsible for the selling of the iPhone, Product Return Option and Guaranteed Buy-Back Value arrangement.
Should you have any questions on your installment plan, please contact our 24-hour Hang Seng Credit Card Marketing Enquiry Hotline 2998 6899.
Can I use iPhone for Life to purchase more than one iPhone?
Yes, you can, but this is subject to the handset quota available for purchase and credit limit available on your credit card account.
When can I upgrade my iPhone?
You are eligible for upgrade after 24 months, mobile service provider(s) have a specific upgrade period, for details about the upgrade period please refer to mobile service provider’s iPhone for Life terms and conditions.
What if I decide to upgrade after the specific upgrade period?
Please contact the respective mobile service provider to check whether it is possible or refer to mobile service provider’s iPhone for Life terms and conditions.
If I used iPhone for Life to buy an iPhone at a particular mobile service provider, can I go to another mobile service provider to upgrade my iPhone after 24 months?
No, you have to upgrade at the mobile service provider where you bought your current iPhone.
Can I choose not to upgrade my iPhone?
You can, just keep the iPhone and continue to pay the remaining monthly instalments. The number of monthly instalments need to be paid will depends on which mobile service provider you purchase the iPhone from, the mobile service provider will inform you the number of instalments required when you make the purchase.
Where can I go to upgrade my iPhone and enjoy the Guarantee Buy-back Value refund?
You will only be able to upgrade your iPhone at the mobile service provider which you made the purchase.
After 24 months, what if I don’t want to upgrade to a new iPhone nor keep my existing iPhone?
You can choose to exit the program simply by returning your iPhone to the mobile service provider which you made the purchase. No further instalment payment will be required, please contact mobile service provider for return terms and conditions.
What if I want to upgrade my iPhone before 24 months?
iPhone for Life upgrade option is available after 24 months. If you would like to upgrade early, please contact the respective mobile service provider to check whether it is possible.
After 24 months, what if my iPhone is damaged to the point that it does not meet the Device Acceptance Criteria?
You have to contact the mobile service provider where you purchased the iPhone for their assessment. If your iPhone is unfortunately considered not eligible for buy-back by the mobile service provider, you will be responsible for the remaining instalment payment amount.

Terms and Conditions for “Hang Seng Credit Card iPhone for Life”:

Hang Seng Credit Card iPhone for Life Plan (the “Plan”) consists of Hang Seng Credit Card Installment Plan provided by Hang Seng Bank Limited (“Hang Seng”); and Guaranteed Buy-Back Value (“Guaranteed Buy-Back Value”) provided by the designated mobile service providers. The duration of the Plan is subject to the dates announced by the Participating Merchants (“Period”).
The Plan is applicable to customer(s) ("Eligible Customer(s)") holding Hang Seng Credit Card, Affinity Card, Commercial Card, Corporate Card or Spending Card, excluding Hang Seng USD Visa Gold Card, Renminbi Credit Card, UnionPay Renminbi Diamond Commercial Card and Private Label Card ("Eligible Credit Card(s)").
The Plan is available at the designated mobile service providers including 1O1O, 3 Hong Kong, China Mobile, CSL, Hong Kong Broadband Network, SmarTone, Supreme and Telecom Digital SUN Mobile (the "Participating Merchant(s)") and the Participating Merchants list may vary from time to time subject to the decision of Participating Merchants and Hang Seng. For details, please contact the Participating Merchants.
Eligible Customers may purchase the newest iPhone models (“Product”) (i.e. iPhone 15 series purchased on or after 15 September 2023 or iPhone 14 series purchased on or before 14 September 2023) from the Participating Merchants, and repay the full amount of the Product by Hang Seng Credit Card Installment Plan using Eligible Credit Cards with an equal monthly installment payments according to the repayment schedule. The Plan is governed by Hang Seng Credit Card Installment Program and Hang Seng Credit Card Cardmember Agreement (“Cardmember Agreement”). If the Eligible Customer enrolls the Plan, the Eligible Customer shall be deemed to have read, agreed and accepted all the terms and conditions governing the Plan. Hang Seng and the Participating Merchants each reserves the right to vary or change such relevant terms and conditions in any appropriate method at anytime without prior notice or accept or decline any application for the Plan without giving any reason therefor.
1. If the Eligible Customer fails to make full repayment of the statement balance specified in the Eligible Customer’s credit card account statement on or before the payment due date of each month, the Eligible Customer shall pay a finance charge on all outstanding balance on the credit card account pursuant to the relevant Cardmember Agreement governing the use of the credit card account. The Eligible Customer shall pay a finance charge and other charges on any monthly installment amount due but unpaid at the prevailing interest rate applicable to the credit card account from the post date of such monthly installment. The Eligible Customer will be responsible for any finance charge, late charge or other liabilities or losses which may be incurred due to late payment in any event;
2. installments shall be posted to the Eligible Credit Card account on a monthly basis similar to a normal retail transaction. Installments are subject to interest rate or other fees pursuant to the applicable Hang Seng Credit Card Cardmember Agreement if he/she pays less than the total amount due indicated on the monthly statement of the Eligible Credit Card;
3. Eligible Customer is acknowledged that he/she will be charged according to the repayment schedule as shown in the form of the relevant Participating Merchants up to the 24th tenor, and the remaining installments will be charged representing the applicable “Guaranteed Buy-Back Value” as determined by the relevant Participating Merchant.
Under the Plan, Eligible Customers may elect to exercise the Product Return Option provided by the Participating Merchants to return the Product to the respective Participating Merchants to receive the Product’s applicable “Guaranteed Buy-Back Value” from the respective Participating Merchants (“Product Return Option”), subject to all the following conditions are met by the Eligible Customers:
1. Full repayment has been made by the Eligible Customer under the Plan by repaying each of equal monthly installment payments according to the repayment schedule up to the 24th tenor being posted and the remaining installments representing the applicable “Guaranteed Buy-Back Value” under the Plan;
2. Eligible Customers may exercise the Product Return Option and return the Product to respective Participating Merchant within the designated period that is stipulated by the Participating Merchants;
3. Eligible Credit Card account status must be current and in good standing under both the terms and conditions of the Plan and the Cardmember Agreement applicable to the Eligible Credit Card;
4. the Product shall meet all the functional conditions and relevant requirements as assessed and designated by the Participating Merchants in accordance with the Product Acceptance Criteria of respective Participating Merchants’ respective Product Return Terms and Conditions (which may be named differently, collectively as “Product Return Terms and Conditions” in below) . For details, please contact the Participating Merchants;
5. Eligible Customers must return the Product to the same Participating Merchants from whom the Product was purchased;
6. Eligible Customers are in full compliance with the Product Return Terms and Conditions of respective Participating Merchants and these Terms and Conditions governing Eligible Customers’ participation in the Plan. For the details of the Product Return Terms and Conditions of the Participating Merchants, please check with respective Participating Merchants.
Hang Seng reserves the right to cancel or terminate the Plan at any time (including but not limited to below conditions) with reasonable notice and all outstanding balance of the Plan will become due and repayable immediately (i.e. all unpaid outstanding principle, handling fee and other charges of the Plan) if:
1. (i) Eligible Customer breaches any of these Terms and Conditions or Cardmember Agreement; or
2. (ii) Eligible Credit Card Account is delinquent or Eligible Customer fails to repay any debt upon demand by Hang Seng; or
3. (iii) Eligible Credit Card Account or the Plan is cancelled by Eligible Customer or terminated by Hang Seng, or on the Eligible Customer’s bankruptcy.
Notwithstanding any terms hereof, upon termination of the Eligible Credit Card Account or the Plan for any reason, all outstanding balance of the monthly installment payments under the repayment schedule of the Plan including the applicable “Guaranteed Buy-Back Value” will become due and payable immediately and will be automatically posted in full amount from the Eligible Credit Card Account.
Eligible Customer shall not be entitled to Product Return Option if any of the conditions set out in Clause 5 is not fulfilled, in such circumstances:
1. Eligible Customers’ participation in the Plan shall be cancelled or terminated, such cancellation or termination shall not affect his/her obligations or liabilities under the Plan;
2. Eligible Customer shall not be entitled to receive the Product’s applicable “Guaranteed Buy-Back Value” from the Participating Merchants;
3. Eligible Customer shall still be responsible for each of the equal monthly installments according to the repayment schedule up to the 24th tenor and the remaining installments representing the applicable “Guaranteed Buy-Back Value” under the Plan, regardless whether or not Eligible Customer has exercised the Product Return Option.
The Product Return Option is solely provided by and at the absolute discretion of the Participating Merchants. Hang Seng neither guarantees nor warrants the availability of the Product Return Option nor the ability of the Participating Merchants to buy back the Product at the “Guaranteed Buy-Back Value” in the event the Participating Merchants fails to do so for whatever reason, including without limitation in the event of bankruptcy or winding up of the Participating Merchants. The Participating Merchants shall be solely responsible for disputes, enquires, liabilities and complaints in relation to the Product, Product Return Option, and the “Guaranteed Buy-Back Value” (if applicable) and its related services.
All Products of this Plan are directly sold and supplied by the Participating Merchants who are solely responsible for all related obligations and liabilities. Hang Seng shall not in any event be liable for any failure by the Participating Merchants or its trade-in partner referred to in Clause 3 to provide or fulfill the “Product Return Option” for any reason whatsoever.
All transactions that are found to be fraudulent or eventually cancelled / returned will be considered as ineligible transactions and are not applicable to this Plan.
The Plan is subject to the terms and conditions of the relevant services of Hang Seng. If there is any inconsistency between the terms and conditions of the relevant services and these terms and conditions, these terms and conditions shall prevail.
Hang Seng reserves the right to suspend, vary or terminate all the Plans at any time and to amend the relevant terms and conditions of the Plan from time to time without prior notice. The decision of the Bank on all matters relating to this Plan and the relevant Plans shall be final and binding on all parties concerned. In case of any discrepancy arising out of the Plan, the decision of Hang Seng Bank shall be final and conclusive.
No person other than the customer and Hang Seng (which includes its successors and assigns) will have any right under the Contracts (Rights of Third Parties) Ordinance to enforce or enjoy the benefit of any of the provisions of these Terms and Conditions.
These Terms and Conditions are governed by and will be construed in accordance with the laws of the Hong Kong Special Administrative Region.
These Terms and Conditions are subject to prevailing regulatory requirements.
The English version of these terms and conditions shall prevail whenever there is a discrepancy between the English and Chinese versions.

To borrow or not to borrow? Borrow only if you can repay!

Price:	HKD11,099
Instalment period assigned by the mobile service provider A:	34 months
Instalment payment:	HKD11,099 / 34 months = HKD326.5 per month
"Guaranteed Buy-Back Value"³:	HKD3,263 (i.e. HKD11,099 Handset price - HKD7,836 total paid instalment amount of first 24 months = HKD3,263)

Illustrative example:

Act Now!

Visit designated mobile service providers retail outlets to purchase the latest iPhone with Hang Seng Credit Card to enjoy iPhone for Life.