hsbc credit card payment holiday extension

Pay HSBC Bank Credit Card bills online from any bank account : Step 1 of 3 - Enter details of your Card outstanding: Field (*) marked are mandatory: Select Card Type : Others : HSBC Credit Card No. Deadline to submit requests would be on June 7, 2020. The payment extension is 30 days for your due dates that fall during the MECQ/ECQ period (i.e. T&Cs apply. from 1 April 2021, you can only apply for another payment holiday if you have taken less than the 6 months maximum total and it’ll follow on directly from your current one (so you can’t make a contractual payment after your current payment holiday, then apply for another) all … If your due date is on September 19, 2020 and you choose not to pay your due amount on this day, then your next due date will be on November 19, 2020. 1a These offers are available to successful applicants who have not, in the 12 months prior to submitting the application, held an HSBC World Elite Mastercard, HSBC Premier World Elite Mastercard or HSBC Jade World Elite Mastercard credit card account. Paying your Total Due on your due dates from September 15 – December 31, 2020 means that there won’t be accrued interest on your outstanding balance. Fund your nominated account for the auto-debit arrangement through: Yes. HSBC Group | © Copyright HSBC Group 2002-2021. After this, our standard rates will apply. The accrued interest will be spread equally for 2 months in your monthly due amount / amortization after the grace period. HSBC is giving customers an extension on payments due on Credit Cards, Personal Loans and/or Home Loans. You’ll have until October 20, 2020 to let us know if you wish to make this request, just follow the instructions found in Annex A of this FAQ. In case the amount from your account is not sufficient to cover the minimum payment due on your card, you will still be eligible for the payment holiday. If you’re currently on a credit card payment holiday and need further short-term support with your payments due to coronavirus, you may be able to request an extension. We have moved your due date to another 30 days under the payment holiday program. HSBC credit cards payment holiday You’re no longer able to request a new payment holiday after 31 March. If you're able to, you should begin making your monthly payments again. For example: You availed of the 60-day grace on your September and October 2020 due dates. If you see these fees posted in your statement of account, you may request for their reversal. Yes, you will incur late fees and charges if no payment is received on your due date. balances as of September 14, 2020). We’ll process your requests within 5 -7 banking days from receipt of your request. No – the payment holiday gives you a break from making payments, so you won’t be able to change your usual payment due date until you’ve started making payments again. Please refer to your credit card agreement for information about how we calculate your minimum payment. No credit card statement is required. However, if we’ve suspended your card for another reason (for example, because we see a risk of fraud, or we feel you won’t be able to repay what you owe), the payment holiday won’t change this. 2. We’ll continue to charge interest at the usual rates during the payment holiday. It depends on how you make your monthly payments. If the last payment on your loan is due on August 15, 2021, this shall be moved to September 15, 2021. If you availed of the Payment Holiday, your monthly due amount in June2020 will be equivalent to the monthly due amount that you were paying prior ECQ period (March 16, 2020). As a cardholder, you will not be held responsible for unauthorized transactions if: 1. April, May). + A 'Cash Payment Charge' of Rs.100, or any other sum as may be decided from time to time, will be levied for HSBC Credit Card bill payments made in cash at HSBC branches & drop boxes. We will be glad to help. Your next payment will then be on your December 2020 due date. However, the following conditions will be applicable on interest on outstanding balance and minimum payment due: For example, you can still make repayments towards your loan, or pay off some of your credit card balance. March 16 to May 31, 2020). This will be billed in your statement of account with the new due date after the 60-day grace period. For more details please read our Cookie Policy. For more information, please visit our Money Worries page. Place – Simply place your HSBC Credit Card close to a contactless payment terminal Hold – Briefly hold your card close to the terminal until it confirms the payment with a green light or beep, Done – Follow the prompts, and you're done! Simply provide your 16-digit HSBC credit card number to the cashier. This has been lifted on 01 June 2020, which means that the Payment Holiday ended 31 May 2020. Premier Banking. Standard charges (for example, if you use your card to withdraw cash) will also apply. Your minimum payment will be computed the same way it was before which is based on a percentage of your outstanding balance. Here are some examples of how a Payment Break Extension might impact your credit card repayments: Credit card payment break. “Outstanding” – For credit cards, this refers to unpaid balances or transactions before the Effectivity Date (ie. We will be glad to assist you, please call us at +632 8858 0000 to discuss your options. If you make them by Direct Debit, we won’t collect any payments from you over the payment holiday period – you don’t need to cancel your Direct Debit instruction. Please call your Relationship Manager to discuss your options and the changes to your loan if you avail of the 60-day grace period. (i.e. HSBC Customer Service Address. The Payment Holiday will end once the modified enhanced community quarantine (MECQ) or enhanced community quarantine (ECQ) is lifted by the government. You may refer to your latest statement of account to know your outstanding balance that needs to be paid in June. March 16 to May 31, 2020). We won’t collect any payments by Direct Debit, but there are other ways to pay - you can find more information on the back of your monthly statement. We encourage you to pay at least the minimum due amount or your monthly loan amount on your due date. To avoid incurring additional finance charges, we encourage you to still pay on your original due date if you are able to do so. The Minimum Payment in your SOA will be zero (0) because you’re not required to pay for your due amount within the 60-day grace period. You won’t be billed your monthly due installments during the grace period. For credit cards, we’ll reverse the full accrued interest if you pay for the Total Due Amount on your new due date after the 60-day grace period. For loans, the maturity period will be extended by 2 more months – if your current loan is supposed to mature/end by September 19, 2024, then you’ll have a new maturity date which will be on November 19, 2024. Please ensure to fund your HSBC accounts to avoid inconvenience. For help with ways to pay, including how to set up or amend a Direct Debit, please visit credit card repayment options. Enter your 16 digit HSBC Card number and the amount you would like to pay. Since no payment will be received in 30 more days, the interest will be computed on a bigger outstanding loan amount, hence the additional accrued interest in this scenario. If you have a joint debt with another HSBC customer, you’ll also have to provide their income and details of any shared household bills; ... You won’t be behind with repayments as long as you don’t miss any after the payment holiday. However, you can still choose to make payments during the payment holiday period – we just won’t collect any by Direct Debit. Pay your HSBC Card outstanding in 3 simple steps: 1. Apply and get approved for an HSBC Platinum Visa Credit Card online to enjoy 50% off when you buy a Nintendo Switch Lite at DataBlitz's e-Commerce site. Credit cards. Yes, you can. This website is designed for use in the United Kingdom. Yes, you will still have finance charges if we didn’t receive payment on your due date within the MECQ/ECQ period, but we will reverse the applicable finance charges on your account in line with the scenarios in FAQ question no. Click here to learn more about your payment options. This means you’ll pay more interest and your minimum payment will be higher after the payment holiday ends. SUBJECT: PIL PAYMENT HOLIDAY ON ACCRUED INTEREST, HSBC ATMs, Easypay machines, online banking, mobile banking, phone banking, Local payments from your other bank accounts. 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