HSBC Bank credit card, UK Credit Cards

HSBC Bank is offering four separate credit card products in the United Kingdom – HSBC Bank Credit Card, HSBC Premier, HSBC Commercial Card and HSBC Student Credit Card.

HSBC Bank Credit Card
Following are the major features of the HSBC Bank Credit Card:

HSBC Bank is offering four separate credit card products in the United Kingdom – HSBC Bank Credit Card, HSBC Premier, HSBC Commercial Card and HSBC Student Credit Card.

HSBC Bank Credit Card
Following are the major features of the HSBC Bank Credit Card:

• The typical annual percentage rate on purchases is 16.9%. It is variable.
• There is an interest free period of 56 days on buys if the monthly balances are fully paid and on the right time.
• The Cash Advance Annual Rate of the card is 21.9% per annum. It is variable.
• The minimum monthly payment of the card is the greater of 2.5% of the standard balance or 5 pounds. In case of transfers of balance the greater amount between 2.5% of the amount transferred and 5 pounds is charged.
• There is a promotional 0% rate on purchases for 3 months.
• There are Direct Debit Facilities.
• There is a promotional rate of 0% on transfers of balance for 13 months.
• There are no annual fees.
• The monthly purchase rate is 1.313%. It is variable.
• In case of cash advances 2.5% is the handling fee. However, the minimum amount is 2.50 pounds.
• The monthly cash advances rate is 1.671%. It is variable.
• The late payment fee is 12 pounds.
• The monthly balance transfer rate is 1.313%. It is variable.
• The over limit fee is 12 pounds.
• In case of Price for Risk the minimum rate is 16.9% and the maximum rate is 19.9%.
• The return fee is 5 pounds.

HSBC Commercial Card
Following are the major features of HSBC Commercial Card:

• The typical annual percentage rate of the card is 17.9%.
• The annual fee is 28 pounds.
• The cash advance annual rate and the balance transfer rates are 17.9%. Both the rates are variable.
• 2.5% is the handling fee of the cash advances. 2.50 pounds is the minimum charge.
• The monthly purchase rate, the monthly balance transfer rate and the cash advances rates are 1.65%. All these rates are variable.
• 2.75% is charged in case of foreign exchange activities. The rate is same for the members and non-members of the European Union.
• The cardholders get a 56 day interest free period in case of purchases if the monthly balances have been fully paid and in time.
• The late payment fee and the over limit fees are 12 pounds.
• The minimum monthly payment is the greater amount of 5 pounds or 3% of the standard balance. The same also applies for the transfers of balance.
• The return fee is 5 pounds.
• There are Direct Debit Facilities.

HSBC Premier
Following are the major features of the HSBC Premier:

• The typical annual percentage rate is 11.9%. It is variable.
• The minimum monthly payment of the card is the greater of the two amounts – 2.5% of the standard balance or 5 pounds. In case of transfers of balance the greater amount between 2.5% of the amount transferred and 5 pounds is applied.
• The cash advance annual rate and the balance transfer annual rates are 11.9%. Both the rates are variable.
• In case of cash advances the handling fee is 2.5%. 2.50 pounds is the minimum charge in this case.
• There is a promotional rate of 0% per annum in case of purchases. The offer is valid for nine months.
• As far as foreign exchange transactions 2.75% is charged. The rate is applicable for both the members and non members of the European Union.
• The monthly purchase rate, the monthly balance transfer rate and the monthly cash advances rates are 0.945% each. These rates are variable.
• The late payment fee and the over limit fee are 12 pounds.
• There is a promotional rate of 0% per month on the purchases.
• The return fee is 5 pound.
• The cardholders may receive a Premier Point for every ten pound spent by them.
• In case of transfers of balance there is a charge of 2.5%. The minimum amount is 5 pounds.

HSBC Student Credit Card
Following are the major features of the HSBC Student Credit Card:

• The typical and variable annual percentage rate for purchases is 18.9%.
• There are Direct Debit Facilities.
• The cash advance annual rate is 23.6%.
• In case of cash advances the handling fee is 2.5%. The minimum charges are 2.5 pounds.
• The monthly purchase rate is 1.456% and it is variable.
• As far as foreign exchange transactions are concerned the rate is 2.75% for both the European Union members and non members.
• The monthly cash advances rate is 1.789% and it is variable.
• The late payment fee and the over limit fee are 12 pounds.
• The cardholders may receive 56 days for purposes of purchasing provided the full monthly balance is paid in time.
• There is a return fee of 5 pounds.
• The minimum monthly payment is the greater of two amounts – 2.5% of the balance and 5 pounds.
• In case of balance transfers there is a handling fee of 2.5%. The minimum amount is 5 pounds.