What happens if I do not repay my LookCard outstanding balance?

What happens if I do not repay my LookCard outstanding balance?

If Cardholder fail to repay their credit card outstanding balance, the following actions may be taken:

  1. Card Suspension:
    If the outstanding balance remains unpaid for three (3) months consecutively, we reserves the right to suspend your card for further transactions. You will need to clear the outstanding balance before the card can be reactivated.
  2. Forfeiture of Deposited Amount:
    If you fail to settle the outstanding balance within 30 days after suspension, any deposited amount associated with your LookCard credit card may be forfeited. Ensure that the outstanding balance is cleared within the specified time frame to avoid forfeiture of your deposit.

    • Related Articles

    • How do I make payments for my outstanding balance?

      Ensure Sufficient Balance Make sure that your Current Account Wallet has sufficient digital currencies to initiate for the payment. If you do not have sufficient balance, deposit the required amount into your Current Account Wallet first. Navigate to ...

    • I have paid the minimum payment. Why am I still being charged for minimum payment admin charge?

      Paying the minimum payment by the due date helps you avoid late fees and keeps your account in good standing – but it does not prevent from minimum payment admin charge. Minimum payment admin charge is charged because the full statement balance was ...

    • Fee Structure of LookCard+ Credit Card

      The fee structure for the LookCard+ Credit Card is designed to provide transparency and clarity on the various charges associated with card usage. Below is an overview of the fees that may apply to your LookCard+ Credit Card, effective December 23, ...

    • Does LookCard support Apple Pay or Google Pay?

      Yes, LookCard supports both Apple Pay and Google Pay. You can bind your LookCard to these digital wallets to make secure and convenient payments using your smartphone or smartwatch.

    • Are there card transaction fees associated with LookCard?

      No. LookCard does not charge any transaction fees for both domestic and international transactions. This means you can make purchase or payments locally or overseas without incurring additional costs. Please note that while LookCard does not impose ...