HSBC Premier Credit Card interest rates

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:

  Introductory rate*
Monthly rate
Annual rate
Purchases
0% on purchases for 9 months  after account opening
1.456%
18.9%
Cash Advances
N/A
1.456%
18.9%
Balance Transfers
0% on balance transfers made within 60 days
of account opening for 18 months from account opening
1.456%
18.9%

Interest rates:

  Purchases
Introductory rate*
0% on purchases for 9 months  after account opening
Monthly rate
1.456%
Annual rate
18.9%
  Cash Advances
Introductory rate*
N/A
Monthly rate
1.456%
Annual rate
18.9%
  Balance Transfers
Introductory rate*
0% on balance transfers made within 60 days
of account opening for 18 months from account opening
Monthly rate
1.456%
Annual rate
18.9%

*For new HSBC Bank credit card customers only.

 

Interest free period


Up to 56 days for purchases when you pay your balance in full every month by the due date.

 

Interest charging information


You will not pay interest on purchases, balance transfers, cash advances and cash related payments if you pay your balance in full and on time each month. 

 

Allocation of payments


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:

  • Any unpaid arrears or amounts over the credit limit;
  • The amount you owe us and shown in your statement;
  • Any transactions, interest or charges not yet included in a statement.

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 futher details, please refer to your credit card terms and conditions.

Minimum monthly repayment

  • If you entered into your agreement with us before 23 March 2011 onwards, 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)

B. £5

  • 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
(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)

C. £5

 

Credit limit


Minimum credit limit - £1,500

Maximum credit limit - Subject to status

 

Fees

No annual fees

 

Charges


Cash Fee - 2.99% of the cash advance or cash related payment, minimum £3

Balance Transfers - 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

Foreign usage


Payment Scheme Exchange Rate is 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
 

To find out more, visit the MasterCard* Rates website.

*This link may allow you to access a non-HSBC website. HSBC Bank plc has no control over the linked website and is not liable for your use of it.

 

Default charges
For paying late - £12.00
For going over your credit limit - £12.00
For payments which are returned unpaid - £5.00
For enforcing repayment, including legal and tracing costs - Our reasonable costs