What is the interest rate on HSBC credit cards?
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The interest rate on HSBC credit cards depends on the type of card you have and the country you’re in. Usually, HSBC gives an Annual Percentage Rate (APR), which shows how much interest you’ll pay if you carry a balance. The rate can range from low to higher, like around 12% to 25%, depending on your credit score, the card, and any special offers they might have.
If you pay your full balance on time every month, you won’t be charged any interest on purchases. But if you miss a payment or only pay part of the balance, interest starts adding up. For cash advances, the rate is often higher, and there’s no interest-free period.
The interest rate on HSBC credit cards usually ranges between 18.9% to 22.9% per year, depending on the specific card and your credit profile. However, this rate can vary, so it’s best to check the details on your card agreement or HSBC’s website for the exact rate applicable to you. Additionally, if you carry a balance, interest is charged on the amount that remains unpaid after the due date.