The very first question which arises in our mind about credit cards is what are credit cards???? Why we need them?? What purpose they serve us??

Credit cards are the plastic cards issued by the banks for the users. The users use it for making their payments.The credit card allows the users to purchase goods and services by making payments from the card. These cards are issued by the credit card issuers like banks or unions providing credit etc. These cards are issued to the users after their account is being approved by the credit card providers.

Having a credit card gives us the freedom to spend. A sense of security is present. The credit cards are flexible in usage. They can be used in online purchasing, manual purchasing, shopping, for everyday purchases, etc.

 

 HSBC Credit Cards

 Every now and then we are required to pay our bills and payments. Due to the advent of the credit cards, individuals can directly pay their bills online in a matter of minutes. Talking about the types of credit cards in HSBC, they provide three types of credit cards- Platinum, Gold and Classic.

A brief summary about these credit cards:

1. Platinum Credit Card- HSBC provides many attractive features in their Platinum Credit Card. There are 8000 reward points for their customers as welcome gift. They also provide exclusive redemption catalogues for their customers.

2. Gold Credit Cards- This card provides the facility of accessing our cash from anywhere around the world, 24/7. HSBC has around 1 million ATM’s round the world.

3. Classic Credit Cards- The classic credit cards also provides the same facility of accessing our cash, anytime and from anywhere. They also provide the zero lost credit card liability benefits to their clients.

 

HOW TO APPLY FOR HSBC CREDIT CARDS???

 HSBC provides there financial services all round the world. Interested individuals can apply for HSBC credit cards online by undergoing the following steps:

●       Provide the income information to the bank. The customers should provide the information about their annual gross income.

●       Before the customers applies for credit cards, they should go through all the schemes provided by the bank.

●       The individuals can get their application form from the bank’s website

●       Select the cards you want to apply for.

●       Complete the application form with all the relevant details. They should provide all the personal details accurately.

●       After completing the form, send it further to the bank. When the bank receives your form they will provide you with the security code which the individuals can later use for logging onto their web-pages.

 

HOW PAYMENT AND OTHER CHARGES ARE CALCULATED ON CREDIT CARDS IN HSBC??

 When an individual becomes the cardholder of the bank’s credit card, they get a 52 days free credit without any financial obligations to the credit card account. The cardholders also get the opportunity of extending their card facility. The bank decides 40 % of the credit limit and each month the customers are made aware about it by monthly bank statements.

The hsbc credit card bill payment and other charges on the cardholder account in calculated on the following basis:-

●       cash transaction service charges

●       retail transaction service charges

●       late payment fees

●       instalment handling fees

●       interest charges

●       return cheque charges

●       balance transfer interest

●       insurance premium

●       service tax

●       instalment processing fee

●       statement reprinting fee

●       balance transferring fee

●       card blocking fee

 

HOW THE BANK ACCEPTS PAYMENTS??

• HSBC usually receives online transactions. The customers can make their transaction by logging onto HSBC’s credit card website.

• There is a simple process for the payment online.
• First the customer has to log onto the website and provide the account information to open their account.
• Next they have to enter the security code provided by the bank and they can open their account then.
• From their account they can check their credit limits, current balance and pending charges.
• In the account there is a tab – “Pay my credit bill”.
• Customers can click on that tab and proceed with the payments.
• As soon as they complete the transactions, they will receive a message or email from the bank.

 

ADDITIONAL BENEFITS PROVIDED BY THE BANK

Some other important benefits provided by the bank are –

• excellent customer services,
• flexible in their work,
• 24/7 accessible,
• tax benefits,
• exciting rewards,
• secure online payment services,
• extra level of protection on cards,
• no additional costs,
• easy to use etc.

WHERE CAN WE CONTACT THEM??

 ●       The card holders can contact the bank via email or can also personally visit the nearby branch of the bank.

●       They can also contact them through phone. For US the contact number is:-1-800-975 and 1-888-662 and for the clients outside US the number is 1-716-841-212.

●       The mailing address for any kind of query is :-

HSBC Bank, USA, NA

P.O Box 2013

Buffalo, NY 14240