The information contained in this table summarises key product features and is not intended to replace any Agreement Terms.
|APR||Representative 18.9% APR variable|
|Interest rates||Monthly rate||Annual rate|
Up to 56 days for purchases when you pay your balance in full every month by the due date.
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 follows.
|Purchases, balance transfer, cash advances and cash related payments||Date debited to your account||Paid in full|
If the amount you pay in a month is less than the full amount you owe, we will apply the amount you pay in the following order:
We will apply your payment first to amounts on your account which we charge at the highest interest rate followed by amounts we charged at lower interest rates. In each case, interest and charges are paid off first. If some amounts are charged at the same interest rate, we will apply your payment to the oldest amounts first.
For further details, please refer to your Credit Card Terms and Conditions(PDF) This link will open in a new browser window.
|If you entered into your agreement with us before 23 March 2011 the minimum payment will be the higher of:||A. 2.5% of the full amount you owe as shown on your monthly statement (including interest and charges)
|If you entered into your agreement with us from 23 March 2011 onwards, the minimum payment will be the higher of:||A. The sum of (a) interest for the period from the last statement, (b) any default charges, and (c) 1% of the full amount you owe as shown on your monthly statement (not including interest and charges)
B. 2.5% of the full amount you owe us as shown on your monthly statement (including interest and charges)
|Minimum credit limit||£500|
|Maximum credit limit||Subject to status|
No annual fees
|Cash Fee||2.99% of the cash advance or cash related payment, minimum £3|
1.4% of each balance transferred within 60 days of account opening, minimum £5
2.9% of the balance transferred after 60 days from account opening, minimum £5
|Payment Scheme Exchange Rate.||To find out more, visit the Visa Rates website|
|Dependent upon the type of transaction you undertake, one or more of the following will apply|
|Non-Sterling Transaction fee||2.99% of the Sterling amount of the transaction|
|Cash Fee||2.99% of the amount advanced, minimum £3.00|
|For paying late||£12|
|For going over your credit limit||£12|
|For payments which are returned unpaid||£5|
|For enforcing repayment, including legal and tracing costs||Our reasonable costs|
(includes introductory rates)
|For a purchase of £500 on your HSBC Bank Student 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?||£83.23||£47.81||£26.35|
|How much interest will you be charged in the second year?||£73.88||£0.00||£0.00|
|How long would it take to clear the balance?||12 years, 3 months||11 months||6 months|
|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 18.9%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.
A recurring transaction, sometimes called a continuous payment authority, is a series of payments collected with your agreement from your card by a retailer or supplier (for example, breakdown cover). This is an agreement between you and the retailer. The Direct Debit Guarantee does not cover these transactions.