Terms and Conditions

1. Successfully apply on or before December 31, 2006, applicants who accumulate a retail spending or cash advance of HK$2,800 or above within first 2 months from card issuance are eligible for a Sesame Street “2-in-1” Backpack + Trolley for FREE. The spending of Supplementary Cardholder will be counted towards the Principal Cardholder’s record. This offer is only applicable to Principal Cardholder. Each Principal Cardholder can receive only ONE welcome gift while stock lasts. The welcome gift redemption letters will be sent to Principal Cardholders within one month upon card spending. Accunulated spending includes retail transactions, cash advance, “Cash-in Plan” amount, Balance Transfer amount, bill payment amount, Interest-free Installment transactions and Octopus Automatic Add-Value amount. 2. Year-round Merchant Offers: To enjoy the offers, Cardholder must present Sesame Street Credit Card upon purchase and settle the payment with the Card. All offers are valid until December 31, 2006 (unless specify). For details, please refer to the year-round offer leaflet which will be sent out with the new Card. 3. Automatic Add-Value Service (AAVS): Cardholder (must be Sesame Street Credit Card Principal Cardholder) can apply for "Happy Family" Octopus Add-Value Service for up to 3 family members aged 12 or above. The cost associated with obtaining a Personalized Octopus is HK$100, Dah Sing Bank will collect HK$100 on behalf of Octopus Card Limited (OCL) (including HK$50 deposit, HK$30 initial stored value and a non-refundable of HK$20 administrative fee for the issue of the Personalized Octopus). Cardholder with a Personalized Octopus Card needs not to pay the above charge. Each Personalized Octopus Card can only be reloaded once a day. The current daily automatic add-value amount is HK$250. There is no application fee for all first time Applicants for the AAVS. For existing users of the AAVS, OCL will charge a non-refundable handling fee of HK$20 for transferring the AAVS from one bank to another, or reactivation of the AAVS following suspension. Such fee(s) will be debited from Cardholder's Sesame Street Credit Card account. 4. Bonus Point Scheme: Spending includes retail transactions and Octopus Automatic Add-Value amount, excluding cash advance, Balance Transfer amount, handling fees (including annual fees, financial charges, late fees, cash advance handling fees and other fees), “Happy Installment” amount, “Cash-in Plan” amount, Interest-free Installment transaction, casino transaction, transactions without sales slip, unposted / cancelled / refunded and unauthorized transactions . 5. "Cash-in Plan": This plan is only applicable to Principal Cardholder (excluding Supplementary Cardholder). No Bonus Point will be awarded for this Plan. A handling fee of 1% of the installment amount will be charged. Please refer to the promotional leaflet for the updated promotion. “Cash-in Plan” is only applicable to local personal bank account holder and is not applicable to joint accounts. 6.1. "Happy Installment” is only applicable to transaction(s) (combined transactions apply) valued at HK$800 or above. All combined transactions must be made under the same Card account. 6.2. Cardholder needs to apply within 7 days after the transaction and keep the related sales slip(s) for proof. 6.3. Dah Sing Bank has the right to accept or reject an installment plan application without the need to provide reasons. In case of any dispute, the decisions of Dah Sing Bank shall be final. 6.4.This installment plan shall be subject to the terms and conditions of "Happy Installment" and the related terms and conditions can be downloaded from Dah Sing Bank website ( www.dahsing.com ), or call 2828 8002 (Dah Sing Bank) for details. 7. Comprehensive e-banking services: For payment with Sesame Street Credit Card, a service fee of 1% of the payment amount will be charged. For information of the merchant list, please visit Dah Sing Bank website ( www.dahsing.com ). No Bonus Point will be awarded for the e-banking services.
  • The annual interest rate of both retail transactions and cash advance is 19.8% and 23.8%. According to the Net Present Value (NPV) Method specified in the Code of Banking Practice, the Annualized Percentage Rates ("APR") of retail transactions and cash advance are 20.59% and 28.72% respectively.
  • Dah Sing Bank reserves the rights to make the final decisions on the approval of credit card, Balance Transfer and “Cash-in Plan" applications.
  • The above welcome offers are available on a first-come-first-served basis and while stocks last.
  • The above welcome offers cannot be exchanged for cash or other goods / services. It is not transferable.
  • Dah Sing Bank does not warrant the quality of the products or services provided by the participating merchants. The participating merchants shall be solely responsible for all effects and consequences of the products and services.
  • Dah Sing Bank and the participating merchants reserve the final right to amend these terms and conditions at any time without prior notice.
  • All matters and disputes will be subjected to the final decision of Dah Sing Bank and the participating merchants.