Credit card fees and rates

If you're late paying your minimum monthly payment, you'll be charged a late fee of £12, which will appear on your next statement.

If you receive a refund to your account, it won’t count towards the minimum monthly payment. You must still pay the full minimum amount, unless the refund reduces the balance to less than the minimum payment.

To avoid a late payment fee, you could set up a Direct Debit. This means that the payment would be taken automatically each month. You can choose to set a Direct Debit to pay the minimum amount, a fixed amount or the full balance. Plus, you can also make additional payments as well as having a Direct Debit.

Previously, an over-limit fee of £12 was charged if you exceeded your agreed credit limit. This fee has now been removed, and you will not incur any charges for going over your limit.

To ensure you stay within your credit limit, consider reviewing your current limit and assessing whether an increase is necessary. Be mindful that increasing your limit may lead to higher borrowing risks, potentially resulting in increased costs or extended repayment periods.

Manage your credit limit

Previously, a returned payment fee of £5 was applied if a payment from your Direct Debit or cheque was rejected. This fee has been removed, and you will not be charged for returned payments.

To avoid payment issues, ensure sufficient funds are available in your account. You may wish to adjust your statement and payment dates to align with your financial schedule. You can adjust your Direct Debit by phone or online.

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These changes aim to simplify your financial management and enhance your banking experience.

A cash advance fee is charged to your account when you use your credit card to withdraw cash or make a cash equivalent transaction, such as buying foreign currency or money orders.

Cash advances are different to making a purchase, because interest is always charged from the date you make the withdrawal or equivalent transaction, and it will also incur a different interest rate. The 2.99% fee (minimum £3) will be shown on your credit card statement.

If you make a transaction on your credit card in a currency that isn't in pound sterling, for example if you're shopping abroad or using an international website, you'll be charged a non-sterling transaction fee.

The fee is currently 2.99% (minimum £3 for cash or cash related payments) and it applies on top of any other charge. So, for example making a cash transaction in euro will have two charges – a cash advance fee and a non-sterling transaction fee.

For some credit cards there may be an annual fee. You can find out if your card has an annual fee when you apply, in the Summary Box or it will be in your Terms and Conditions.

If you move your credit card balance from another provider to HSBC, there's usually a one-off fee. You can find out if your card has a balance transfer fee when you apply, or it will be set out if we send you an offer for a balance transfer.

If you're eligible to repay part of your credit card balance with an instalment plan, there'll be a monthly fee. The fee will depend on your plan amount and period, but it'll be the same amount for each month you have the plan. We'll tell you about any fees that  apply before you take out an instalment plan.