HSBC CREDIT CARD FEES AND CHARGES

by: bodengdeng

HSBC CREDIT CARD FEES AND CHARGES Types of Fees and Charges Classic Visa/ MasterCard and Red MasterCard Gold Visa/ MasterCard Platinum Visa Mabuhay Miles Visa Classic Mabuhay Miles Visa Gold Mabuhay Miles Visa Platinum HSBC Advance Credit Card HSBC Premier MasterCard Credit Card Primary Card Annual Fee* Php1,200 Php2,500 Php5,000 Php1,200 Php2,500 Php5,000 Php2,500 WAIVED Supplementary Card Annual Fee* Php600 Php1,250 Php2,500 Php600 Php1,250 Php2,500 Php1,250 WAIVED Rewards Conversion Php10 = 1BP Php45 = 1 BP/Mile Php35 = 1BP/Mile Php10 = 1BP Php5 = 1BP Annual Mileage Rewards Program Fee Php500 per mileage program upon enrollment WAIVED Php500* WAIVED Php500 per mileage program upon enrollment Finance Charge 3.5% per month (or 42% annually) 2.75% per month (or 33% annually) 3.5% per month (or 42% annually) 2.75% per month (or 33% annually) 3% per month (or 36% annually) 2.75% per month (or 33% annually) Minimum Amount Due 4% of outstanding balance or Php500.00, whichever is higher Cash Advance Fee 3% of amount drawn or Php500, whichever is higher Late Payment Fee 7.5% of the minimum due or Php600.00, whichever is higher Overlimit Fee Php500.00 shall be charged if card account is overlimit on cut-off date Returned Check Fee Php1,000 will be charged for check payments which are returned due to reasons such as but not limited to insufficient funds, unsecured deposit, or any other reasons resulting to bad faith by cardholder. Sales Slip Retrieval Fee Php275 for each sales slip retrieved upon cardholder's request Card Replacement Fee Php400 for each replacement of lost, stolen or damaged card Service Fee for Foreign Currency Transactions** 1.75% of the converted sum plus reimbursement of the assessment fee charged by Visa/MasterCard to HSBC equivalent to 1% of the converted sum. HIP Pre-termination Processing Fee P500 for each HSBC Installment Plan transaction pre-terminated. *First year waived **Details found on HSBC's Terms and Conditions If you pay any amount less than the Closing Balance/Total Amount Due or make a cash advance transaction, finance charge at prevailing interest rates will be computed on the Average Daily Balance of your account (including any fixed monthly installment amount/s) from the dates of the transactions until the end of the current statement period. With your everyday spend, you are entitled to redeem rewards of your choice under HSBC Instant Rewards Feature. For more details, visit www.hsbc.com.ph. HSBC Credit Card. The One Card for Home and Away. HSBC Philippines  Note: It is important that you do not provide your account or credit card number, or disclose any confidential information or banking instructions in your e-mail. Privacy and Security   Terms of Use   Hyperlink Policy Issued by The Hongkong and Shanghai Banking Corporation Limited © Copyright The Hongkong and Shanghai Banking Corporation Limited 2011 All rights reserved

PAID: My credit card and My spending habits

"at first i was desperate, then i began to write a goal... amazingly i did it!, i did pay my credit card bill fully!"

How I did it: 

It wasn't easy, it only took me a pen, an onlinepaper and a determination to pursue my what was laid down. You can make things happen too!

PEN

it can be a pencil, a ball-pen or a keyboard. It started when you think about paying your credit card bill. Start by writing on what you can do to help you pay it, where you want to make your life be, when will you want to finish paying it, and how will your skills or how others could provide you resources and opportunity to help you achieve your goal.

ONLINEPAPER 

It is not just a paper, or a blank paper. It provides you vast idea on how to achieve your goal. All you need to do is to search, save and remind yourself about the most brilliant tips you have found online. Draft it and start dreaming of doing it.

DETERMINATION

The best day to start doing what you have laid down is TODAY. not on the next few minutes, hours or days.  It only take a simple statement: KILL whatever hinders your way, and tell yourself It's not about how i feel but what i want myself to be once i am done with this!

It might now be a credit card, you might have owed someone or somewhere. May this help you. 

Lessons & tips:

• Set you mind to pay you credit card fully.
• Develop a financial plan 
• Create a personal monthly financial report
• Work one day at a time 
• Always think of benefiting your skills, if you don't have one, it's not to late to discover and activate it in your life 

Resources:

1. http://bodengdeng.blogspot.com 
2. https://www.facebook.com/bodengdeng
3. http://iloilojailministry.socialgo.com/
4. https://twitter.com/#!/BodengDeng 

It took me 365 days.  It made me free!

See more progress on: pay my credit card and start controlling my spending habits