Spending Instalment Plan
Get greater financial flexibility when you repay your credit card balance by instalments
Get greater financial flexibility when you repay your credit card balance by instalments.
Assume repaying a credit card transaction of HKD15,000 by 12 months with a monthly handling fee of 0.23%, daily handling fee is only HKD1.15*
|Monthly Instalment Principal||Monthly Handling Fee||Monthly Repayment Amount|
( = HKD15,000 ÷ 12 )
( = HKD15,000 x 0.23% )
*Assume 30 calendar days per month, daily handling fee is only HKD1.15
(= HKD15,000 x 0.23% ÷ 30). The annualised percentage rate
is 5.18% (calculated based on 12 months repayment period)
Extra cash and financial flexibility to realise your personal goals. Convert your available credit limit into instant cash or transfer the outstanding balance from other credit cards to your HSBC credit card account.