1. The value of the transaction should be greater than INR 2000 to be eligible for conversion to EMI offer.
2. The Cardholder should use the 10-digit alpha-numeric Promotion Code (65XJSZK028) in the space for "eBay Gift Voucher"during the purchase.
4. The loan will be offered for a tenor of 6 months.
5. a. For Gold and Classic credit cardholders, the annual rate of interest charged will be 21% computed on monthly reducing balance. Equated Monthly Installment (EMI) per Rs 1000 will be Rs. 177 for a loan tenor of 6 months.
b. For Platinum credit cardholders, the annual rate of interest charged will be 18% computed on monthly reducing balance. Equated Monthly Installment (EMI) per Rs. 1000 will be Rs. 176 for a loan tenor of 6 months.
6. The Equated Monthly Installment (EMI) amount will be billed to the credit card every month on the same date as the first installment date.
7. The EMI due for the month is included as part of the closing balance appearing in the cardholder's monthly statement. The minimum amount due appearing on the cardholder's monthly statement is calculated as a percentage of the closing balance. Non-payment of the entire closing balance due on the card by the payment due date will result in the levy of standard credit card interest rates on the balance of the EMI amount rolled over. As an illustration:
EMI = INR 1000
Other outstanding balances = INR 2000
Total closing balance for the month = INR 3000
Minimum Payment instruction = 5 % of closing balance
Minimum Payment due = 0.05 x 3000 = INR 150
Amount paid = INR 500
Amount rolled over = Closing balance - amount paid = INR 2500
Interest rate of 3.1 % per month (w.e.f 01 October 2007) will apply on INR 2500. If full payment of INR 3,000 is made instead of INR 500, the rollover interest will not apply.
8. If the cardholder closes his HSBC credit card before all installments have been posted, the outstanding loan amount will be debited to the card account as one consolidated amount.
9. Pre-payment charges on foreclosure of the loan will apply at the rate of 3 % on the outstanding principal amount of the loan, subject to a minimum of Rs 250.
10. HSBC reserves the right to foreclose the loan and debit the entire outstanding amount if the earlier payments are overdue.
11. Any EMI offer requests by add-on cardholders will be billed to the primary card.
12. No request for change in card franchisee (VISA/ MasterCard) will be entertained during the entire loan period.
13. No request for changes in the billing cycle shall be entertained during the entire loan period. The loan period is defined as the loan tenor selected by the cardholder at the time of request.
14. No request for credit card upgrade/downgrade (Gold to Classic and Classic to Gold) shall be entertained during the entire loan period.
15. Nothing contained in this scheme shall be construed as an obligation on HSBC to continue the scheme after the scheme termination date.
16. HSBC reserves the right at any time without previous notice to add, alter, modify, change or vary all or any of these Terms and Conditions or to replace, wholly or in part, this scheme by another scheme, whether similar to this scheme or not, or to withdraw it altogether.
17. HSBC shall not be held liable for, any actions, claims, demands, losses, damages, costs, charges, and expenses that a participant may suffer, sustain or incur by way of this scheme.
18. All and any disputes arising from the facility shall be subject to the exclusive jurisdiction of the courts of Mumbai only.
eBay Terms and Conditions
1. This scheme is available for all Credit Card holders of HSBC India ("HSBC")
2. "Credit Card" shall mean a HSBC India credit card and used for making the payment of the goods bought on www.ebay.in ("Website").
3. "Customer" shall mean such customers to whom HSBC India has issued and authorized to hold the Credit Card who makes a purchase on the Website above Rs 2,000 through the Credit Card during the Program Period using the Promotion Code "65XJSZK028" in the place for "eBay Gift Voucher".
4. "Program Period" shall mean period commencing from November 10, 2008 up to November 30, 2008.
5. "User Agreement" shall mean the eBay user agreement as mentioned on www.ebay.in
6. The cash back will be dependent on the Purchase Price as mentioned below:
· Purchase Price between Rs 2,000 and Rs 5,000: Cash back of Rs 300
· Purchase Price between Rs 5,000 and Rs 10,000: Cash back of Rs 500
· Purchase Price above Rs 10,000: Cash back of Rs 750
7. The cash back amount is non transferable and non negotiable and will be issued as a refund on the same credit card as the one used to make the purchase.
8. This Cash Back offer is not applicable in the following cases:
· Where the payment is being made through any other means other than HSBC India Credit Card
· When the Promotion Code is not entered during the purchase
· When the purchase amount is less than Rs 2,000
9. This Cash Back offer is applicable only for Resident Indian customers.
10. Cash back shall be valid for purchases for which payment has been made to eBay and has not been disputed or reversed later.
11. All goods shall be subject to availability at the time of purchase and will be governed by the User Agreement, policies, and the Terms & Conditions as displayed on the Website.
12. The amount of cash back will be issued by eBay within 21 days of conversion to EMI.
13. Cash back will not be valid on cancelled or disputed orders. eBay reserves the right to reverse the cash back in case the purchase is found to be cancelled or disputed later. HSBC shall not be responsible or liable for such reversal of cash back by eBay.
14. All purchases made under the Program shall be subject to applicable cancellation rules.
15. eBay reserves the right at any time without prior notice to add, alter, modify, all or any of these terms and conditions or replace, wholly or in part, this offer by any other offer, whether similar to this offer or not or to withdraw it altogether.
16. Any dispute or claim regarding the goods or the cash back amount shall be resolved by the Customer with eBay as per the eBay User Agreement directly without any reference HSBC.
17. The benefits under the Program cannot be clubbed with other offers running on the Website. In case of any dispute or discretion, eBay decision will be binding on the Customer.
18. Any disputes arising out of this Program shall be subject to the exclusive jurisdiction of competent courts in Mumbai.
19. All communication / notices with regard to this Program should be addressed to eBay using its Customer Support channels as mentioned on the Website.