HSBC Finance

FAQs:

What am I applying for?

You are applying for an HSBC Visa Credit Card that allows you to make interest free* special promotion purchases through Bing Lee. The HSBC Visa Credit Card provides you with:
  • Flexible interest free* special promotion purchases together with the advantages of a Visa Credit Card
  • Further interest-free* special promotion purchases at Bing Lee and other selected outlets as offered from time to time.
  • Competitive $59 annual fee.
  • Up to 55 days interest-free* period for other everyday purchases when you pay the full balance by the due date (the full balance includes all transactions & balance transfers).
  • No early repayment fees on your special promotion purchase.
  • Worldwide acceptance at over 24 million Visa retailers.
  • Cash withdrawals at over 800,000 ATMs worldwide.

What is a special promotional purchase?

A special promotion purchase is a nominated interest-free* transaction on your HSBC Visa Credit Card for the advertised offer period at participating merchants at the time of the transaction.

How does interest-free* work?

Interest-free* means you will not pay any interest on the outstanding balance of your approved special promotion purchase during your interest free* period. Your interest free* period will be the specified interest free period for your special promotion purchase depending on which interest-free* offer you choose. You will be required to pay minimum monthly repayments as you would with any standard credit card purchase. Other transactions made with your credit card may incur interest charges. Upon expiry of your interest-free* special promotion purchase, any remaining balance will revert to a variable cash advance rate at that time.

Can I make other interest-free* special promotion purchases with my card?

Yes, you can use your card to make additional interest-free* special promotion purchases in-store at Bing Lee up to your available credit limit. Simply bring your HSBC Visa card in-store to Bing Lee and ask the attendant to process an 'Add-on.'

What is the minimum monthly repayment I will have to make?

The minimum monthly repayment is the higher of $20 or 3% of the outstanding balance shown on your credit card statement issue. You must pay at least the minimum repayment set out in each statement on or before the due date. This is the date HSBC should receive your payment, not the date on which you make the payment. You should allow sufficient time for payments to be received and processed by HSBC before the due date.

# Interest free finance: is applied only to promotional transactions for the specified period. Balances outstanding at the end of the promotional period will form part of the normal account balances and will accrue interest at the cash advance rate current at the time or 25.99%pa as of 11/05/17 and is subject to change. Monthly repayments are required and calculated at 3% of the outstanding balance or $20, whichever is higher. Lending criteria, terms and conditions, fees and charges apply and are available on application. Offer valid from 20/07/17 to 30/07/17. Minimum purchase $1500. Excludes Asko and Miele. Credit provided by HSBC Bank Australia Limited. ABN 48 006 434 162. Australian Credit Licence 232595.