Ultimate magazine theme for WordPress.

Does HSBC charge fees for late payments?

When cardholders don’t meet the minimum payment even by the due date, HSBC does, in fact, assess late fees for the infraction. The CARD Act of 2009 makes sure that late fees can never add up to more than the card’s minimum payment, even though HSBC credit card late fees can sometimes be as high as $39.

Late fees on HSBC credit cards can be avoided by calling 1 (800) 975-4722 and explaining your situation to a representative, who will determine whether or not you are eligible for a fee waiver. If you have stellar repayment terms with HSBC, this will likely be approved; nonetheless, there is no point in asking.

Make it a habit to pay at least the amount that is required as the minimum payment each month to protect yourself from incurring late penalties in the future. Setting up an automatic payment system is the most reliable way to make sure you never miss a payment.

Related Post