Common use of Public Clause in Contracts

Public. HSBC may limit cash advances on the CARD to an amount determined at HSBC’s sole discretion, without notice to YOU. YOU shall pay HSBC a cash advance service fee of 3% of the amount drawn or Five Hundred Philippine Pesos (PHP500.00), whichever is higher, or such other amount as may be set by HSBC from time to time. In addition to the cash advance service fee, YOUR cash advance transactions shall also incur interest charges at the prevailing monthly interest rate applied to the cash advance amount from the transaction date until the amount is fully paid. YOU shall also pay HSBC all other fees incurred, including but not limited to the annual mileage program fee and transaction retrieval fee, at the rates set by HSBC and as may be amended from time to time. In case YOU are issued two or more CARDS, YOU understand and agree to abide by the condition that HSBC may give YOU, at its sole discretion, a separate credit limit for each CARD issued to YOU, or a consolidated credit limit for all CARDS, expressed in Philippine currency (Philippine Pesos), subject to security features and credit limit management features that the HSBC may impose for YOUR benefit. In case of default or non-payment of YOUR obligation on one or more CARDS, HSBC may, at its sole discretion, demand immediate payment in full of all outstanding balances on all CARDS issued to you, and, in addition, revoke YOUR right to use all or any of said CARDS. HSBC shall assign YOUR CREDIT LIMIT and review it from time to time. We may assign a different CREDIT LIMIT on YOUR CARD at any time, as we consider appropriate based on periodic assessment of YOUR credit risks associated with YOUR Card Account (including any spending and repayment pattern). YOU may apply for a review of YOUR CREDIT LIMIT at any time. HSBC may reject Card Transactions in excess of the assigned CREDIT LIMIT but may also, at our discretion without notice to YOU, allow a Card Transaction even if YOUR assigned CREDIT LIMIT is exceeded. YOU will be liable for the Card Transactions in excess of the assigned CREDIT LIMIT subject to the provisions of this Agreement. However, we will not exercise the above discretion if we have received and processed YOUR request to opt out from our over-the-limit facilities.

Public. HSBC may limit cash advances on the CARD to an amount determined The finance charges, at HSBC’s sole discretionprevailing rate, without notice to YOUwill be imposed using the average daily balance method upon your unpaid outstanding balance as of statement cut-off date, excluding new retail transactions made in the current billing cycle, accrued from the statement cut-off date until the outstanding balance and applicable interest are fully paid. YOU shall pay HSBC a For fees0F1, charges and pre-terminated instalments, finance charges will be imposed using the average daily balance method upon the fee/charge/pre-terminated instalment amount accrued from transaction date until the fee/charge/pre-terminated instalment is fully paid. For cash advance service fee of 3% transactions, finance charges, at HSBC’s prevailing rate, will be imposed using the average daily balance upon your transaction from the transaction date until the transaction is fully paid. Any amount unpaid as of the Payment Due Date shall be deemed payable on the next Payment Due Date unless YOU opt to re-avail of YOUR credit line for the next billing cycle by paying an amount drawn less than the Total Due but not less than the Minimum Amount Due. The Minimum Amount Due shall consist of the following: • Four percent (4%) of YOUR current billed balances (including cash advances and cash advance fees and charges, retail purchases, non-installment related fees and charges), or Five Hundred Philippine Pesos (PHP500.00), whichever is higherhigher • 100% of the fixed monthly amortization of installment transactions and installment related fees and charges • Past Due installment amortization amount plus the corresponding full amount of finance charge incurred, if any • Any other Past Due or such other amount as overlimit amount, whichever is higher The fees, finance charges, rate of interest and/or penalty rate stipulated may be set by HSBC increased, decreased or otherwise changed from time to time. In addition The Cardholder authorizes HSBC to the cash advance increase or charge additional service fee, YOUR cash advance transactions shall also incur interest charges at the prevailing monthly interest rate applied to the cash advance amount from the transaction date until the amount is fully paid. YOU shall also pay HSBC all other fees incurred, including but not limited to the annual mileage program fee and transaction retrieval fee, at the rates set by HSBC and as may be amended from time deemed necessary to timemaintain the service to the Cardholder. In case YOU are issued two The upward or more CARDSdownward adjustment of the interest, YOU understand and agree to abide by penalty rate and/or service fees shall be binding on the condition that HSBC may give YOU, at its sole discretion, Cardholder on the date/s of effectivity as indicated in the written notice (in the monthly SOA or thru a separate credit limit for each CARD issued to YOU, or a consolidated credit limit for all CARDS, expressed in Philippine currency (Philippine Pesos), subject to security features and credit limit management features that the HSBC may impose for YOUR benefit. In case of default or non-payment of YOUR obligation on one or more CARDS, HSBC may, at its sole discretion, demand immediate payment in full of all outstanding balances on all CARDS issued to you, and, in addition, revoke YOUR right to use all or any of said CARDS. HSBC shall assign YOUR CREDIT LIMIT and review it notice) from time to time. We may assign a different CREDIT LIMIT on YOUR CARD at any time, as we consider appropriate based on periodic assessment of YOUR credit risks associated with YOUR Card Account (including any spending and repayment pattern). YOU may apply for a review of YOUR CREDIT LIMIT at any time. HSBC may reject Card Transactions in excess of the assigned CREDIT LIMIT but may also, at our discretion without notice to YOU, allow a Card Transaction even if YOUR assigned CREDIT LIMIT is exceeded. YOU will be liable for the Card Transactions in excess of the assigned CREDIT LIMIT subject to the provisions of this Agreement. However, we will not exercise the above discretion if we have received and processed YOUR request to opt out from our over-the-limit facilitiesHSBC.