Credit Cards in Hong Kong
General information of Credit Cards Comparative of Credit Cards The future of Credit Cards in Hong Kong
Group 4
Visa
The blue and gold in Visa's logo were originally chosen to represent the blue sky and golden-colored hills of California, where Bank of America was founded
The origin of Visa
Earlier from ----BankAmericard Invented by Bank of America
BankAmericard A card which make the holder to have a d
eferral payment. Bank which issue BankAmericard pay the
money for the merchant first. This type of payment become popular.
Reason for popularity
Merchant ------ can receive the money immediately
Cardholder ------can pay the balance later and enjoy installment
Bank ------ can earn the commission from each transaction and earn the interest from late payment penalty
More and more merchant accept BankAmericard payment.
The business sector of credit card grow fast.
Other bank thus want to issue BankAmericard as the profit is desirable
Other banks in America choose to join the Bank of America to form an credit card association.
A member of the BankAmericard Association can issue BankAmericard
In 1976, BankAmericard is renamed as VISA
Transition of Credit Card
2004 ------ Sherman Antitrust Act
The same service provided by different corporation
Your mobile phone: Sony Ericsson W800i
Competitiveness of MasterCard between banks
Types of card Service Charge Exclusive benefit>>>INCREASE MARKET SHARE>>>EARN MORE PROFIT
Dahsing V.S. Standard Chartered
Types of cards
^^(Dahsing) Hello Kitty credit card SNOOPY credit card^^(Standard charactered) Smartone smart credit card ESPRIT Smart Credit Card
Service charge
Dahsing vs Standard charactered
1. Annual free ?2. Annual Interest rate?3. No-interest grace period?4. Overlimit fee?5. Late fee?
Exclusive benefit
Standard Chartered
High credit limit Lifetime Bonus Points Program Global Concierge Service Asia Miles Travel Reward programme Free Travel Insurance of up to HK$ 4,000,
000
Dahsing Bank Bonus Point Scheme Interest-free installment Convenient Octopus Automatic add-valu
e Service Credit Card “ Star Rewards Program”
www.HONGKONGCARD.com
HSBC V.S. BANK OF CHINA
Type of cards
^^(HSBC) i CAN credit card RMB credit card^^(Bank of China) U point credit card y not credit card
HSBC V.S. BANK OF CHINA
1. Annual free ?2. Annual Interest rate?3. No-interest grace period?4. Overlimit fee?5. Late fee?
Exclusive benefit (HSBC) Flexible limit change Manage your account online All-in-one statement Octopus Automatic Add-Value Service Interest-free repayment period
Exclusive benefit (Bank of China)
Receipts=Cash Get together for big discounts Combine gift points Email updates
Who Invented Credit Card?
What do the numbers on credit cards mean?
How come there’s a stripe behind a credit card?
The Future of Credit Cards
Hong Kong Macau China
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