Terms & Conditions

Terms and Conditions of Dual Currency Cash Rebate Scheme ("Program"):

  1. THE PROGRAMME - This Programme is only available for Octopus Auto Living UnionPay Diamond Credit Card ("Card(s)") issued by China Construction Bank (Asia) Corporation Limited ("Bank", "we", "us" or "our") and is only available to the principal cardmembers of the Cards ("Cardmember(s)", "you" or "your"). Cardmembers will earn 1 point ("Point(s)") for every HK$1 or CNY1 spent on retail purchases or cash advances, unless otherwise specified by us from time to time.
  2. ELIGIBLE TRANSACTIONS - Only spending on retail purchase and cash advances will be eligible for Points. There are no Points for any other payment types such as, including but not limited to, "Cash Out" Installment Programme, "Chill" Spending Installment Programme, settlement of insurance loan repayment, finance charges, late charges, all account service charges, tax payment, real estate sales and automobile sales, wholesales transaction, donations to charitable and social service organization, donations to political organizations, court costs, bail, fine, government services and embassy and consulate fees and such other categories as we may at our sole discretion determine from time to time.
  3. BONUS POINT CAP ON DESIGNATED TRANSACTIONS - The total Bonus Points earned for each calendar year (From 1 January to 31 December) (“Calendar Year”) will be capped at 12 times of the latest approved combined credit limit (not applicable to temporary increase in credit limit) for transaction(s) for repayment amount of Hire Purchase/ Leasing Agreement of CCB(Asia), online bill payment(s) and payment(s) to insurance companies.
  4. POSTING OF BONUS POINTS - Points will be credited when the eligible transaction is posted on the Card account. For interest-free purchase-by-installment transactions, Points will be credited when the installment is posted on the account. Any Points that credited for ineligible transaction may, without prior notice, be reversed.
  5. CASH REBATE CURRENCY -You must select the cash rebate ("Rebate") currency (HK$ or CNY) on the Credit Card application form. If the currency choice of the Rebate is not indicated or more than one currency is selected, HK$ will be defaulted. Rebate currency cannot be changed once selected.
  6. CASH REBATE CALCULATION - Rebate will be calculated base on each Card monthly statement period ("Statement"). Every 250 points (200 points for Unionpay Diamond Prestige Card) in each Statement will be converted into 1 dollar of selected Rebate currency (HK$ or CNY). There is no maximum limit of Rebate amount. Any remaining and unconverted Points (below 250 points / 200 points for Unionpay Diamond Prestige Card) in each Statement will be forfeited without prior notice.
  7. POSTING OF CASH REBATE - Rebate will be automatically credited to your specified Card account upon deduction of the Points. Details will be shown in the same period of Statement. The Card account must be valid and in good financial standing at the time when Rebate is credited.
  8. FORFEITURE OF POINTS - If the Card is voluntarily / involuntarily closed, all unredeemed Points and Points/Rebate not yet credited to the Card account are immediately forfeited. Any fraud or abuse committed in relation to the Programme may result in the forfeiture of any Points and/or Rebates as well as the cancellation of a Cardmembers' Card account.
  9. NEGATIVE BONUS POINTS - When a Credit Card account is closed, whether by the customer or by the Bank based on any reason, negative bonus points balance (if any) accrued shall be settled from such Credit Card account before closure. The Bank reserve the right to reverse such accrued negative bonus points from such Credit Card account base on the redemption rate of the corresponding credit card, irrespective of whether there is sufficient credit limit in corresponding Credit Card account. If any such reversal causes the relevant account to be overlimit, the customer is responsible for repaying the amount overlimit to the Bank on demand together with any fees, expenses and interest accruing on the amount overlimit at such rate as the Bank may specify (based on CCB (Asia) Credit Card Fee Schedule).
  10. APPLICABILITY - These Terms and Conditions apply to all Programmes in relation to Bonus Points, unless specifically varied or excluded.
  11. FINAL DECISION - We may modify, terminate or withdraw any of the Programmes at any time and have the final decision (at our discretion) in all matters and disputes in relation to the Programmes. We may vary any relevant details and these Terms and Conditions without prior notice. We shall not be responsible or liable for any claims or liability in relation to use of the Programmes by any Cardmember or other person.
  12. ENGLISH VERSION PREVAILS - Should there be any discrepancy between the English and Chinese versions of these Terms and Conditions, the English version shall prevail.