HLB Payment Relief Service (PRS)

I am using a Hong Leong Bank credit card, and here's what I got in the mail last week.



Sorry for the poor quality photo, as it is from my low quality phone camera.
Here's what it says:

At Hong Leong Bank, we value your support and loyalty. Having your best interest at heart is important to us, hence we would like to extend to you a brand new service. Introducing Hong Leong Bank Credit Card Payment Relief Service.

What is Payment Relief Service?
- Payment Relief Service allows you to defer your credit card payment for 1 month*.

How Can I Enjoy This Service?
It's so easy, no forms and no calls required. Just defer your payment for the month shown below and the bank will do the rest.


Benefits

• Spend on something urgent
  
• Flexibility on cash-flow
• No penalty for non-repayment

Sounds good eh? I don't need to pay for 1 month, interest-free! BUT, for HLB, there's always a catch. After reading the Terms and Conditions carefully, item 9 states:

"A nominal fee of RM5 will be charged and posted to Cardmember's Account in the event the Cardmember accepted the PRS."

Haha... what a fake! Maybe they want to catch people off-guard and earn the RM5.

Okay, this service is only useful if a Cardmember owes HLB a huge sum for that month, so huge that the interest imposed, if by not paying, exceeds the RM5 fee. That's the only use for this service.

Another sucky misleading service/product by HLB!