CREDIT CARD PRODUCT DISCLOSURE FACTSHEET - Baiduri Bank

CREDIT CARD
PRODUCT DISCLOSURE
FACTSHEET
Ref : PDS / 2012 / v2.0 Page 1

Credit Card Product Disclosure Factsheet
Please read this Credit Card Product Disclosure Factsheet which will spell out the key points you should
know before signing up for the credit card . This Product Disclosure Factsheet is for the customers’
reference and information on credit cards issued by Baiduri Bank.
1. TERMS AND CONDITIONS
By retaining, signing on or using the Baiduri Bank Visa / MasterCard / American Express Card,
you are accepting the terms and conditions of the Cardholder’s Agreement and you will be
legally bound by them. Your use of the Baiduri Visa / MasterCard / American Express Card is
governed by the Cardholder’s Agreement.
2. ELIGIBILITY TO APPLY
All applicants applying for a credit card as a principal cardholder need to be at least 21 years of
age. Applicant must have a gross income of BND500.00 credited to their account with the Bank
every month or maintain a secured product of the bank with similar characteristics of a Fixed
Deposit with funds equivalent or more than the credit limit assigned. Supplementary card
applicant need to be at least 18 years of age.
3. CREDIT CARD BRANDS
Baiduri Bank offers three credit card brands i.e. Visa, MasterCard and American Express.
4. ANNUAL FEE CHARGES
Card Brand Card Type Principal Card Supplementary Card
VISA
Empire Visa Infinite
Baiduri Visa Infinite
Visa Platinum
Visa Gold
Visa Classic
Not applicable
BND380
BND280
BND120
BND40
Not applicable
BND190
BND140
BND60
BND20
MASTERCARD
AMERICAN
EXPRESS
MasterCard Ladies Platinum
MasterCard Gold
MasterCard Classic
Ladies Card
Baiduri American Express Gold
Baiduri American Express Classic
RBA American Express Gold
RBA American Express Classic
BND280
BND120
BND40
BND50
BND140
BND60
BND150
BND70
BND140
BND60
BND20
Not applicable
BND70
BND30
BND75
BND35
Ref : PDS / 2012 / v2.0 Page 2

5. ACCOUNT SETTLEMENT
Settlement of your Baiduri Bank Card account can be made in the following ways :-
a) CASH OR CHEQUE PAYMENT MADE AT BAIDURI BANK
Payment can be made at any of our branch by cash or crossed cheque made payable to
BAIDURI BANK CARD CENTER
Use separate repayment slips for different accounts . For cheque payments, please write
your Baiduri Visa / MasterCard / American Express Card account on the reverse side of your
cheque.
b) CHEQUE PAYMENT BY POST
Cheque should be crossed and made payable to BAIDURI BANK CARD CENTER. Please write
your Baiduri Visa / MasterCard / American Express Card account number on the reverse side
of your cheque .
c) PAYMENT TRANSFER THROUGH BAIDURI BANK ATM / I-BANKING / FAST
You can make payment using your Baiduri Bank ATM Plus card through any of our ATMs, via
online with your Personal Internet Banking ( PIB ) services or via your hand phone with your
Mobile Phone Banking ( FAST ) services.
d) PAYMENT BY DIRECT DEBIT ( STANDING INSTRUCTION)
By special arrangement with the Bank , your payment can be made by deducting from your
designated Baiduri Bank account before the due date.
6. DISPUTED TRANSACTION
Any transaction under dispute should be settled before your payment due date to avoid finance
charges from occurring. Credit adjustment will be provided where due.
Ref : PDS / 2012 / v2.0 Page 3

7. AMOUNT PAYABLE
At your payment due date, you can either settle the minimum payment of 8% of the
outstanding balance, or any amount higher.
8. OTHER CHARGES
a) LATE PAYMENT
Please ensure that your payment is made on or before the due date shown in your credit
card Statement of Account. By paying the minimum payment or the closing balance on or
before the due date, no overdue charges will be incurred. All late payments are subject to a
B$35.00 charge.
b) FINANCE CHARGES
You will enjoy FREE CREDIT only if you repay the full payment amount by the due date. With
effect from 1 st Feb 2012, if you do not pay in full or if your payment reaches us after the sue
date, a finance charge will be levied on a daily basis at the rate of 1.5% per month:
I. On all new transactions from the date they are posted to the card account until
payment or the next statement due whichever is earlier, and
II.
On the Credit Balance from the statement date until all repayments are credited
to the card account and thereafter on the reduced balance until the next
statement date when the finance charges for the preceding month will be
debited to the card account.
c) SERVICE CHARGE FOR INSUFFICIENT FUNDS
Please ensure that you have sufficient funds in your bank account on the due date to cover
your monthly payment. A rejected autopay of BND15.00 will be charges for each card
account for unsuccessful standing instruction.
Ref : PDS / 2012 / v2.0 Page 4

d) RETURNED CHEQUE CHARGE
If your cheque is not honored for its full amount, a returned cheque charge of BND50.00 will be
levied as well as a credit card late payment charge of BND35.00.
e) RETRIEVAL FEE
I. Sales draft retrieval
Please keep your monthly statement and retain copies of sales drafts for your own
reference. Request for copies of sales drafts are subject to a retrieval fee of
BND15.00 per copy.
II.
Statement Retrieval
Retrieval for current and up to 12 months statements is free. For statements above
12 months the retrieval fee is BND10.00 per copy .
f) CASH ADVANCES
A Cash advance fee of 3% of amount withdrawn or minimum BND10.00 whichever is higher
is charged per transaction. With effect from 1 st Feb 2012, finance charges will be levied at
1.5% per month base on the amount withdrawn from the day the transaction is posted to
your account until the payment is made in full or until the next statement date, whichever is
earlier.
g) REPLACEMENT FEE
A replacement fee will be levied for each card replaced upon your request ; BND25.00 for
each chip card and BND15.00 for each non-chip card.
h) RE-INSURANCE
A re-issuance fee of BND10.00 will be levied for each new PIN number request.
i) TEMPORARY LIMIT INCREASE REQUEST
A temporary limit increase fee of BND25.00 will be levied for each request.
Ref : PDS / 2012 / v2.0 Page 5

j) UNCOLLECTED CARD
A fee of BND20.00 will be levied for each uncollected card.
k) CANCELLATION OF CARD RENEWAL
A fee of BND20.00 will be levied for each card cancellation.
l) FOREIGN ADDRESS MAILING
A mailing fee of BND50.00 will be levied each year .
m) 0% INSTALLEMENT PLAN
A processing fee of 3% base on the amount utilized or minimum BND30.00 whichever is
higher is charged for Gold and Classic cards for every successful 0% installment plan
application . Should you terminate your plan or opt for an early settlement, a fee of
BND100.00 will be levied and charged to your credit card account .
n) OTHERS
Letter of Demand - BND40-00* per letter issued.
*This charge is subject to change from time to time and may varies depending on the legal firm
appointed.
9. INTEREST CALCULATION
Below are examples of interest calculated.
Example 1 – Full payment made before or on payment due date
‣ New Balance reflected on 7 Jan 2012 statement –BND1000.00
‣ Statement Date 7 Jan 2012
‣ Payment Due Date 27 Jan 2012
Balance brought forward
New Transactions
Minimum Payment Percentage
Minimum Payment Account
Late charges incurred
Finance charges incurred
Account Balance as of next statement date i.e. 7 Feb 2012 ( assuming
customer did not make any new purchases )
Nil
BND1000.00
8% of Account Balance
BND80.00
BND0.00
BND0.00
BND0.00
Note : No finance charges will be charged if full payment is made on or before the payment due date
Ref : PDS / 2012 / v2.0 Page 6

Example 2 – Minimum payment made before or on payment due date
‣ New Balance reflected on 7 Jan 2012 statement –BND1000.00
‣ Statement Date 7 Jan 2012
‣ Payment Due Date 27 Jan 2012
Balance brought forward
New Transactions
Minimum Payment Percentage
Minimum Payment Account
Payment made on 27 Jan 2012
Remaining Balance
Late charges incurred
Finance charges incurred
Account Balance as of next statement date i.e. 7 Feb 2012 ( assuming
customer did not make any new purchases )
BND1000.00
Nil
8% of Account Balance
BND80.00
BND80.00
BND920.00
BND0.00
BND14.85
BND934.85
Example 3 – Payment Not Made for the current Statement of Account
‣ Total outstanding balance BND1000.00
‣ Statement Date 7 Jan 2012
‣ Payment Due Date 27 Jan 2012
Balance brought forward
New Transactions
Minimum Payment Percentage
Minimum Payment Account
Payment made on 27 Jan 2012
Remaining Balance
Late charges incurred
Finance charges incurred
Account Balance as of next statement date i.e. 7 Feb 2012 ( assuming
customer did not make any new purchases )
BND1000.00
Nil
8% of Account Balance
BND80.00
BND0.00
BND1000.00
BND35.00
BND15.29
BND1050.29
Note : -
The information stated on this Product Disclosure Sheet is accurate as of 1 Feb 2012. Other information
channels for credit cards are at:-
a. Website : www.baiduri.com
b. Call Centre : 244 9666
c. All Baiduri Bank branches
d. Baiduri Bank Card Center
e. Credit Card brochures
Ref : PDS / 2012 / v2.0 Page 7