HSBC Credit Card

 

The information contained in this table summarises key product features and is not intended to replace any Agreement Terms

APR Representative 17.9% APR variable (from 17.9% APR variable to 19.9% APR variable)
Other interest rates Introductory rate*
(per annum)		 Monthly rate** Annual rate**
Effective Simple
Purchases

0% for 3 months

 1.385% to 1.527%

17.9% to 19.9%

16.620% to 18.324%
Cash advances N/A

1.809% to 1.860%

23.9% to 24.7%

21.708% to 22.324%
Balance transfers 0% for 23 months***

1.385% to 1.527%

17.9% to 19.9%

16.620% to 18.324%
.

*For new HSBC Bank Credit Card customers only.
**The rate that you actually receive will depend on our assessment of your circumstances.
***Available on Balance Transfers made within 30 days of account opening from non-HSBC Group issuers. This offer can be withdrawn at any time.

 

Interest free period

Up to 56 days on Purchases if you pay your whole balance in full and on time.
 

Interest charging information

You will not pay interest on purchases if you pay your balance in full and on time each month. Otherwise, the period over which interest is charged will be as detailed in the table below. For Cash Advances and Balance Transfers any interest charge for the period from the previous statement to the date of full repayment will be debited the following month. Interest will not be charged on Default charges.
 

From

Until

Purchases

Date debited to your account

Paid in full

Cash Advances

Date debited to your account

Paid in full

Balance transfers

Date debited to your account

Paid in full


 

Allocation of payments

Your payment is allocated in the following order:

  • Cash Advances
  • Purchases
  • Standard rate Balance Transfers
  • Promotional rate Purchases and Balance transfers

For further details, please refer to your credit card terms and conditions.
 

Minimum monthly repayment

Interest, default charges and any payment protection insurance premium plus 1% of the principal, or 2.5% of the balance or £5 whichever is highest, or your statement balance if less than £5.
 

Amount of credit

Minimum credit limit

£500

Maximum credit limit

Subject to status


 

Fees

No annual fees
 

Charges

Cash Advances
(the Cash Advance charge is applicable to cash withdrawals, purchases of foreign currency and travellers cheques, but does not apply to gambling transactions)

2.99% handling fee, minimum £3

Foreign Exchange

2.99% of the amount of non-sterling transactions

Balance Transfers

3.3% of each amount transferred, minimum £5


 

Default charges

Late payment

£12

Over credit limit

£12

Return payment

£5



This Summary Box does not apply to HSBC Premier Credit Card, Student Credit Card or Your Bank at Morrisons Credit Card.

The information contained in this table summarises key product features and is not intended to replace any Agreement Terms

Illustrative Example
(includes introductory rates)		 For a purchase of £1,000 on your HSBC Bank Credit Card
Monthly Payment Minimum payment each month £50 payment each month £100 payment each month
Taking into account introductory rates, how much interest will you be charged in the first year? £113.35 £92.85 £53.18
How much interest will you be charged in the second year? £134.39 £48.96 £0.00
How long would it take to clear the balance? 16 years, 9 months 2 years 1 year, 1 month
The above example assumes the following: the transaction takes place on 1st January and you make no further transactions; you always make the payment on the 15th; your statement is produced 31 days after you make the purchase; interest is calculated based on the typical 17.9% APR variable rate, and introductory rates are included.

We recommend that you pay more than the minimum payment whenever possible. If you make only the minimum payment each month, it will take you longer and cost you more to clear your balance, as shown in the example above.