Settle credit card spending at ease by instalment
No matter if it's a relaxation trip, the hottest gadget, or even online tuition fee / insurance bill payment, spend with Hang Seng credit card and you can apply Spending Instalment to settle the card transactions by instalment afterward. More enjoyment in shopping, and more financial flexibility.
Settle credit card spending at ease by instalment
Features
Only for customers not holding instalment plan1
Combined eligible spending and online bill payment by instalment2
One-off handling fee as low as HKD 35 View details
6 or 12 months repayment period
Available till 24th November, 2022
Handling fee rebate
Enjoy up to HKD 300 handling fee rebate5
Apply before 30th Nov, 2022 to enjoy up to HKD300 handling fee rebate.
Example
Graduation trip
Ms. So went to graduation trip with friends and she used her credit card for all spendings around HKD 5,000. She decided to apply a 6-month instalment and only need to pay a one-off handling fee of HKD 35 for the first month.
Monthly repayment3 for Ms. So
1st Month:
= (Instalment amount ÷ Repayment period) + One-off handling fee
= (HKD 5,000 ÷ 6) + HKD 35
= HKD 868.4
2nd - 6th Month:
= (Instalment amount ÷ Repayment period)
= (HKD 5,000 ÷ 6)
= HKD 833.4
Related information
One-off Handling Fee Plan and handling fee rebate
- View the relevant Terms & Conditions and Key Facts Statement
- View Terms & Conditions for handling fee rebate
Features
You can apply with every statement
Combined eligible spending and online bill payment by instalment2
Personalized monthly handling fee as low as 0.18%4
6 - 60 months flexible repayment period
Available till 24th November, 2022
Handling fee rebate
Enjoy up to HKD 300 handling fee rebate5
Apply before 30th Nov, 2022 to enjoy up to HKD300 handling fee rebate.
Example
Paying insurance bill by instalment
Mr. Wong settled an insurance bill worth HKD 28,000 via e-Banking with his Hang Seng credit card, but he does not want to settle the card balance in one go. He decided to apply Spending Instalment to settle the card transaction by 36-month instalment with personalized monthly handling fee 0.18%.
Monthly repayment3 for Mr. Wong
= (Instalment amount ÷ Repayment period) + Monthly handling fee
= (HKD 28,000 ÷ 36) + (HKD28,000 x 0.18%)
= HKD 828.2
Related information
Monthly Handling Fee Plan and handling fee rebate
- View the relevant Terms & Conditions and Key Facts Statement
- Terms & Conditions for handling fee rebate
Choosing Monthly or One-off Handling Fee Plan? 1
Frequently asked questions
You can view the Pre-payment Fee Q&A and Examples for Hang Seng Credit Card Spending Instalment Plan.
Related product
Cash Instalment
Cash out your credit limit from credit card to your account, and repay monthly based on your preferred payment period.
Useful tools
How to apply?
Footnote
Other point(s) to note
- If you fail to make full repayment of the statement balance specified in your credit card account statement on or before the payment due date of each month, you shall pay a finance charge and other charges on any monthly instalment amount due but unpaid at the prevailing interest rate applicable to your credit card account from the post date of such monthly instalment.
Remark(s)
- One-off Handling Fee Plan only applicable for customers who are NOT holding any Hang Seng Credit Card Cash Instalment or Spending Instalment during 1 Jul 2021 to 30 Jun 2022.
- The minimum total amount to apply for spending instalment is HKD 3,000, including local and overseas payment made at physical and online stores or online bill payment (except tax payment). For details for the designated spending categories, please refer to the related Terms and Conditions. Please apply spending instalment at least 7 working days prior to credit card statement due date.
- The above example is for reference only, for the actual monthly repayment amount, please refer to monthly statement.
- The 0.18% monthly handling fee is applicable to selected customers and designated instalment amount, and is for reference only. The handling fee is to be determined by Hang Seng from time to time for individual promotion. The annualized percentage rate (APR) of 0.18% monthly handling fee are as follows: 3.76% for 6 months, 4.04% for 12 months, 4.18% for 24 months, 4.20% for 36 months, 4.20% for 48 months, 4.19% for 60 months. The APR is calculated based on the requirement of the Code of Banking Practice. APR is a reference rate which expresses the fees and charges of respective product as an annualized rate. Please logon Hang Seng e-Banking or call (852) 2998 6868 to check your personalized handling fee.
- Enjoy up to HKD300 handling fee rebate by accumulating specific approved spending instalment amount with repayment period of 12 months or above.
To borrow or not to borrow? Borrow only if you can repay!