The Hongkong and Shanghai Banking Corporation Limited (“we”, “us” or “our”)
This KFS provides you with indicative information about interest, fees and charges of this product but please refer to the “Bank tariff guide for HSBC Wealth and Personal Banking Customers” and Credit Card Terms for details.
Please read and understand the information in this KFS before you apply for this product. You will be requested to confirm that you have read and understood the information in this KFS when submitting the application.
Annual Membership Fee (“Annual Fee”)
The annual fee for primary and additional cards are as follows:
-
HK dollar personal credit cards
Card type
|
HSBC Premier MasterCard |
Primary card |
Waived permanently
|
Additional card (separate billing) |
Not Applicable |
Additional card (combined billing) |
Waived permanently
|
Card type
|
HSBC Red Credit Card |
Primary card |
Waived permanently
|
Additional card (separate billing) |
Not Applicable |
Additional card (combined billing) |
Waived permanently
|
Card type
|
HSBC Visa Signature Card |
Primary card |
HKD2,000
|
Additional card (separate billing) |
Not Applicable |
Additional card (combined billing) |
HKD1,000
|
Card type
|
HSBC EveryMile Credit Card4 |
Primary card |
HKD2,000
|
Additional card (separate billing) |
Not Applicable |
Additional card (combined billing) |
Not Applicable |
Card type
|
Visa Platinum Card (including HSBC easy Credit Card) |
Primary card |
HKD1,800
|
Additional card (separate billing) |
Not Applicable |
Additional card (combined billing) |
HKD900
|
Card type
|
Visa Gold / Gold MasterCard |
Primary card |
HKD600
|
Additional card (separate billing) |
HKD600
|
Additional card (combined billing) |
HKD300
|
Card type
|
Visa / MasterCard |
Primary card |
HKD300
|
Additional card (separate billing) |
HKD300
|
Additional card (combined billing) |
HKD150
|
Card type
|
iCAN Card |
Primary card |
HKD300
|
Additional card (separate billing) |
Not Applicable |
Additional card (combined billing) |
Not Applicable |
-
Foreign currency credit card
Card type
|
US$ Visa Gold Card |
Primary card |
USD80
|
Additional card (separate billing) |
USD80
|
Additional card (combined billing) |
USD40
|
-
UnionPay dual currency credit card
Card type
|
HSBC Pulse UnionPay Dual Currency Diamond Credit Card
|
Primary card |
HKD1,800
|
Additional card (separate billing) |
Not Applicable |
Additional card (combined billing) |
HKD900
|
Card type
|
UnionPay Dual Currency Credit Card |
Primary card |
HKD300
|
Additional card (separate billing) |
Not Applicable |
Additional card (combined billing) |
HKD150
|
Cash Advance Fee (“Cash Advance Fee and Handling Fee”)
1% of transaction amount, on the date of the cash advance withdrawal, and subject to the following minimum charge:
Before 01 AUG 2025
-
For over-the-counter cash advance: HK dollar personal credit cards – HKD120; US$ Visa Gold Card – USD10; UnionPay dual currency credit cards – Not Applicable
-
For cash advance made from ATM: HK dollar personal credit cards – HKD100; US$ Visa Gold Card – USD7; UnionPay dual currency credit cards – HKD sub-account: HKD100 / RMB sub-account: RMB100
On or after 01 AUG 2025
-
For over-the-counter cash advance: HK dollar personal credit cards – HKD150; US$ Visa Gold Card – USD20; UnionPay dual currency credit cards – Not Applicable
-
For cash advance made from ATM: HK dollar personal credit cards – HKD150; US$ Visa Gold Card – USD20; UnionPay dual currency credit cards – HKD sub-account: HKD150 / RMB sub-account: RMB150
Fees relating to Foreign Currency Transaction5 (“Foreign Currency Transaction Fee5”)
For HK dollar personal credit cards and US$ Visa Gold Card:
1.95% of every card transaction which is effected in currencies other than Hong Kong dollars (for HK dollar personal credit cards) / US dollars (for US$ Visa Gold Card)
For UnionPay dual currency credit cards:
1% of every card transaction which is effected in currencies other than Renminbi and Hong Kong dollars and Macau Pataca (for HSBC Pulse UnionPay Dual Currency Diamond Credit Card), or in currencies other than Hong Kong dollars and Renminbi (for UnionPay Dual Currency Credit Card)
Fee relating to Settling Foreign Currency Transaction in Hong Kong Dollars (“Fee relating to Settling Foreign Currency Transaction in the currency of the credit card”)
Customers may sometimes be offered the option to settle foreign currency transactions in the currency of the credit card at the point of sale overseas. Such option is a direct arrangement offered by the overseas merchants and not the card issuer. In such cases, customers are reminded to ask the merchants for the foreign currency exchange rates and the percentage of handling fees to be applied before the transactions are entered into since settling foreign currency transactions in the currency of the credit card may involve a cost higher than the foreign currency transaction fee. The fee is not charged by the card issuers.
If you choose to make transactions in Hong Kong Dollars (including a refund) incurred outside Hong Kong or with any merchants not registered in Hong Kong (e.g. internet transactions), we will charge a reimbursement charge on behalf of Visa/Mastercard International in the amount listed below on the day the transaction is posted. The fee is applicable to transactions initiated by you and/or the merchant depending on the merchant’s setting.
For HK dollar personal Visa and Mastercard credit cards:
1% of every card transaction effected in Hong Kong dollars incurred outside Hong Kong or with any merchants not registered in Hong Kong
For UnionPay dual currency credit cards, US$ Visa Gold Card:
Not Applicable
Late Payment Fee (“Late Charge”)
-
HK dollar personal credit cards — HKD300;
-
UnionPay dual currency credit cards — HKD sub-account: HKD300 / RMB sub-account: RMB300;
-
US$ Visa Gold Card — Not Applicable.
Or the amount of minimum payment, whichever is the lower
Over-the-limit Fee (“Overlimit Handling Fee”)
Per billing cycle
Before 01 AUG 2025
-
HSBC Premier MasterCard - HKD90;
-
Other HK dollar personal credit cards — HKD180;
-
US$ Visa Gold Card — USD24;
-
UnionPay dual currency credit cards — HKD sub-account: HKD180 / RMB sub-account: RMB180.
On or after 01 AUG 2025
-
All HK dollar personal credit cards — HKD90;
-
US$ Visa Gold Card — USD12;
-
UnionPay dual currency credit cards — HKD sub-account: HKD90 / RMB sub-account: RMB90.
Remarks: If the statement balance (excluding all fees and charges currently billed to your card account) exceeds the credit limit on your card, we may charge a handling fee in the amount listed above for the over-the-limit facility (including the Excluded Card Transactions) to the extent that you’ve opted in for the over-the-limit facility. If you have not opted in for the over-the-limit facility, we will only have the right to charge an overlimit handling fee for certain excluded card transactions including those which do not require our authorisation for effecting payment and those which are approved yet late posted.
Returned Payment Fee (“Returned Cheque / Rejected Autopay Handling Fee”)
Per returned payment, we will charge you.:
-
HK dollar personal credit cards — HKD100;
-
US$ Visa Gold Card — USD13;
-
UnionPay dual currency credit cards — HKD sub-account: HKD100 / RMB sub-account: RMB100.
Bill Payment Handling Fee (applicable for payments to finance companies)
1% of the payment amount per transaction (minimum: HKD120)
Annual Paper Statement Fee6
If you choose to receive paper statement, we may charge an annual fee to listed below per customer for each calendar year:
-
HK dollar personal credit cards — HKD60;
-
US$ Visa Gold Cards — USD8.
Illustrative Table For Minimum Payment
Assumptions -
- Outstanding Balance = $20,000
- Interest Rate = 2.65% per month (equivalent to an annualized percentage rate of 35.42% on purchase and 35.94% on cash advance)
- Assumed No new transaction
- Assumed No annual fee and other fees
- Repayments are due on the 26th day after the statement date and assumed that repayments are made on or before due date
The below table is based on the above assumptions for illustration only.
To calculate the above information applicable to your specific case,
please use our online calculator accessible from our website / principal Internet platform which provides credit card services at
[via HSBC HK website>Borrowing>Use Your Credit Card – See all> Credit Card repayment calculator]
or via
https://www.hsbc.com.hk/credit-cards/tools/repayment-calculator/
for an online credit card repayment calculator for customized information.
If you make no additional charges using this card and each month you pay…
|
You will pay off the outstanding balance of $20,000 in about … |
and you will end up paying an estimated total of … |
Only the minimum payment |
11.5 years
|
$57,850
|
$869 |
3 years
|
$31,279 (Savings = $26,570)
|
Remarks:
-
The interest rate is the basic interest rate shown as a percentage of the amount borrowed over a year.
-
The APR is calculated based on a set of assumptions as set out in the relevant guidelines referred to in the Code of Banking Practice and the actual APR applied to your card account may be different. US$ Visa Gold Card requires payment of the statement balance in full and the APR (calculated by assuming only 1% of the current balance plus the total fees and charges currently billed to the card statement are settled each month) is for reference only.
- You may refer to the finance charge on your monthly credit card statement for the interest we charged you due to failing to repay the statement balance in full on or before the payment due date. Please note that accrual of interest will continue after the statement cut-off date and the accrued interest will only be charged and shown in the next statement. If you wish to fully settle the interest, you may contact us to ascertain the amount of accrued interest payment following the current statement cut-off date. For enquiry, please call 2233 3033 for HSBC Premier Elite customers, 2233 3322 for HSBC Premier customers or 2233 3000 for Other Personal Banking customers.
-
The annual fee for HSBC EveryMile Credit Card is HK$2,000. This fee is subject to change or waiver at our discretion. The fee for the following year will be waived if the annual spending with HSBC EveryMile Credit Card reaches a designated amount. Please visit hsbc.com.hk/everymile for details.
-
The foreign currency transaction fee applicable to HK dollar personal credit cards and US$ Visa Gold Card is inclusive of the transaction fee of 1% charged to us by Visa/MasterCard Worldwide.
-
This standard charge applies to any Credit Card account if account holders receive one or more paper statement(s) anytime during a calendar year. The following group of customers will be exempt from the annual fee: aged below 18 or 65 and above, recipients of Government’s Comprehensive Social Security Allowance, recipients of Government’s Disability Allowance and the physically disabled or visually impaired.
To borrow or not to borrow? Borrow only if you can repay!
The Chinese version of this KFS is for reference only. The English version will prevail if there is any inconsistency between the English and Chinese versions.