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1 February 2007
Subject: The change of interest and credit card fees
The changes in country’s economic and financial situation especially the gradual increase of interest rate have adverse impact on the funding and operational cost of Krungsriaudhya Card Co.,Ltd. (the “Company”) for a period of time.
By this letter, the Company would like to inform you that it is necessary for the Company to change the credit usage fee, which consisted of the interest rate and the credit usage charge, which is in compliance with the rates announced by the Bank of Thailand (“BOT”) on 24 November 2006. Details are as follows:
a) Credit usage fee
| |
Interest/annum |
Credit Usage Charge/annum |
| Outstanding balance for transactions made before 1/02/2007 |
10% |
8% |
| Outstanding balance for transactions made from 1/02/2007 onwards |
15% |
5% |
The Company will apply the new credit usage fee for the outstanding balance of all transactions made before 1 February 2007 from 1 July 2007 onwards.
b) Credit Card fees (effective 1 April 2007)
| 0 |
Current |
From 1 April 2007 |
Card Replacement Fee |
Baht 100* |
Baht 200* |
Replacement credit card PIN Fee
|
No charge |
Baht 200* |
Collection Fee |
Baht 250 per billing cycle when customer is 1-2 cycles overdue
Baht 350 per billing cycle when customer is at least 3 cycles overdue |
Baht 250* per billing cycle when customer is 1-2 cycles overdue
Baht 350* per billing cycle when customer is at least 3 cycles overdue |
* Fee and charge are subjected to value added tax 7%.
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