Purchases
Our Cards Conditions of Use Section 2.3 state that we do not charge interest on purchases (excluding Cash Advances), that are fully repaid within the 56 days’ grace period. Going forward, if you choose to make a partial payment on the amount purchased, the remaining unpaid balance will incur interest from the date on which this transaction was booked to your account. Interest will be calculated on a daily basis and worked out on the basis of a 360-day calendar year.
Cash Advance
Cash Advances refer to any cash related payments, including but not limited to ATM withdrawals, top-ups to non-HSBC accounts / cards, cash withdrawn over the counter, purchase of gaming chips, cryptocurrencies, traveller’s cheques, foreign currency and transfer of funds from credit card accounts. Please note that Interest is charged on the balance on your card (which would include transaction fees as well as other card related fees) from the date on which the transactions and related fees are posted to the account, until the date on which the balance is paid in full.