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Credit card fees and rates

Understand more about fees and the interest rates for your HSBC credit card

Be clear about what you could pay

We'll explain what's meant by each fee and what you could expect to pay, depending on your credit card. So, you'll have a better idea of what may be payable and how to potentially avoid some fees in the future. Plus, find out more about your card's interest rates.

Default fees

There are 3 types of default fees you could face – late fees, over-limit fees and returned payment fees. 

Late fee: £12

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. 

How you could avoid a late fee

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.

Over-limit fee: £12

If you go over your agreed credit limit, you'll be charged an over-limit fee of £12, which will appear on your next statement. We'll apply the fee when you're first over the limit in any month.

How you could avoid an over-limit fee

To avoid going over your agreed credit limit, you could review your current limit and consider asking us to increase it. Think carefully about whether you need a higher limit, as this could increase the risk of borrowing too much, which could cost you more or take longer to pay off.

Returned payment fee: £5

If a payment from your Direct Debit or cheque is rejected, you'll be charged a returned payment fee of £5, which will appear on your next statement.

How you could avoid a returned payment fee

A returned payment fee could be due to insufficient funds in your account. You could consider changing the date of your statement and payment date, so that it's on a more convenient day of the month for you. To do this, give us a call on:

03457 404 404

Lines are open from 08:00 to 20:00 every day.

Or, you can change the amount of your Direct Debit.

Other fees

Cash advance fee: 2.99% (minimum £3)

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.

Non-sterling transaction fee: 2.99%

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.

Annual 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.

Balance transfer fee

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.

Credit card instalment plan fee

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.

Interest rates

Using your credit card may mean you're charged interest. 

Looking to apply for a new HSBC credit card?

If you'd like to apply for a new credit card, you can find the card's interest rates when you apply, or in the 'Summary Box PDF'. Although, the interest rates you actually receive may be different as they'll be based on a credit check. 

Already have an HSBC credit card?

If you've got an HSBC credit card already, your card's interest rates will be set out in your agreement and shown on your monthly statement. Although, interest rates are variable and may be subject to change.

Credit card Summary Boxes

Take a look at the 'Summary Box PDF' for each credit card to find out more about the latest interest rates.

Tips to avoid extra fees

Download our mobile banking app

Our app makes it easier to manage your credit card payments. If you have an instalment plan on your account, take a look at the app to check your monthly instalments and any fees.

Plus, with the HSBC Mobile Banking app you can:

  • check and manage your balance on the go, wherever you are
  • make sure you have enough money to cover your monthly payment
  • transfer money from your HSBC current account to your credit card
  • view and download your monthly statements
  • review your credit limit and request to change it

Work out your repayments

Use our calculator to work out how much you could increase your monthly payments by to clear your balance faster.

If possible, you should try to make more than your minimum payment each month, so that you can pay off your balance quicker and incur less interest.

Difficulty making repayments?

If you're struggling to make your credit card payments, it's important that you let us know as soon as you can. We can give you the support you may need.

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