Finance Charges/Interest Rate HSBC Cashback Credit Card, HSBC Visa Platinum Credit Card, HSBC Smart Value Credit Card and Advance Visa Platinum Credit Card. 3.30% per month (39.60% per annum) HSBC Premier Mastercard Credit Card. 2.49% per month (29.88% per annum)

What is HSBC savings account interest rate?

Interest Rate for NRE/NRO/ Resident Saving Accounts – 2.0% p.a. effective 01 July 2021.

Why is there a minimum interest charge on my credit card?

A minimum finance charge is a monthly credit card fee that a consumer may be charged if the accrued balance on the card is so low that an interest charge under the minimum would otherwise be owed for that billing cycle.

What is HSBC finance charge?

We charge finance charge/interest from the date each transaction or charge is added to your account until the amount is paid off by the due date. It is calculated as follows: the amount you owe us multiplied by. the interest rate of your credit card multiplied by.

How much interest do HSBC charge for overdraft?

We will normally charge you unarranged overdraft interest of 39.9% EAR variable on any day your account is in unarranged overdraft.

What is the minimum balance in HSBC savings account?

INR150,000
The minimum AQB required to be maintained for HSBC Savings Account is INR150,000. The AQB is calculated by adding the end of day balances for each day in the quarter and dividing it by the number of days in that quarter.

Is HSBC savings account good?

The Final Verdict. The HSBC Direct Savings Account is a great choice for most people. It pays a great rate of interest and has no monthly fee to worry about.

How does HSBC charge interest on credit cards?

Finance charges also known as interest rate are charged by HSBC Bank to ensure that the credit cardholders are making payment of credit card bill on time. It is charged on the outstanding amount on a monthly basis.

What are the assumptions for HSBC credit card?

The assumptions are based on: (1) interest rate of 18% p.a. for the entire repayment period; (2) there are no new retail transactions after the 1st month; (3) 30 days per month; and (4) payments are received on or before due date.

Do you have to pay fee to withdraw money from HSBC?

There’s typically a fee for withdrawing cash – known as a cash advance. This will often be a percentage of the amount you withdraw, with a stated minimum fee. The minimum on HSBC credit cards is £3. You may have to pay a non-sterling transaction fee for using your card outside the UK and when withdrawing cash.

What’s the minimum payment for a HSBC credit card?

The minimum payment is 5% of the outstanding balance or RM50, whichever is higher. The table below shows how long it would take to pay off an outstanding balance.