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.

 

Interest free period

Up to 56 days of Purchases if you pay your whole balance in the full and on time. No interest free period on Cash Advances or Balance Transfers (apart from the balance transfer offer for new customers).
 

Interest charging information

Interest is charged from the date transactions are applied to your account until payment is received (unless the interest free period applies). 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.
 

Allocation of payments

Your payment is allocated to Cash Advances, then Purchases and standard rate Balance Transfers and lastly Promotional rate Purchases and Balance Transfers (Full details are set out in your Terms and conditions).
 

Minimum monthly repayment

For Credit Card agreements made before 23 March 2011 - £5 or 2.5% of the balance, whichever is higher, or if less than £5, your statement balance. For Credit Card agreements made on or after 23 March 2011 – interest, default charges and any payment protection insurance premium plus 1% of the principal, or 2.5% of the balance or £5 whichever is higher, or if less than £5, your statement balance.
 

Amount of credit

Minimum credit limit £500, maximum credit limit subject to status.
 

Fees

No annual fee to pay.
 

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% Foreign Exchange Fee

Balance Transfers

3.3% balance transfer fee (minimum £5) unless a different fee is stated in your credit agreement. This could be higher or lower.
 

Default charges

Late payment
Over credit limit
Returned payment

£12
£12
£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.