Chip Lupo, Credit Card Writer
@CLoop
Yes, HSBC does charge late fees when cardholders don’t make the minimum payment by the due date. The late fee for HSBC credit cards can be up to $39, though the late fee can never exceed the minimum payment amount thanks to the CARD Act of 2009.
If you accidentally pay less than the minimum required payment or you miss your HSBC credit card due date entirely, you can always ask customer service to waive the late fee by calling 1 (800) 975-4722. This is much more likely to work if you have a great payment history with HSBC, but even if not, there’s no harm in asking.
To avoid getting hit with late fees in the future, make sure to pay at least your minimum required payment each month. The best way to ensure that you never miss a payment is by setting up autopay.
People also ask
How can I pay my HSBC Credit Card?
You can pay your HSBC credit card either online or through the mobile app. Alternatively, you can make a HSBC credit card payment over the phone at (800) 975-4722 or by mail.
Ways to Pay Your HSBC Credit Card
- Online: Log in to your HSBC credit card account and select the credit card you want to pay. Then, select “Manage Card”. From there, click “Make a Payment”, and choose the amount you’d like to pay along...
What is a credit card grace period?
A credit card grace period is the 21-25 day period between the last day of a credit card’s billing cycle and the minimum-payment due date. Interest charges do not apply when a credit card’s grace period is in effect, giving cardholders the chance to pay their full balance by the due date at no extra cost.
The grace period on a credit card only remains in effect when you pay the full statement balance by...
read full answerWhen should I pay my credit card bill?
The best time to pay a credit card bill is a few days before the due date, which is listed on the monthly statement. Paying at least the minimum amount required by the due date keeps the account in good standing and is the key to building a good or excellent credit score. That’s true for everyone, but some people might want to take things a step further, particularly cardholders carrying balances from month to month and...
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