HSBC - Fee Changes
HSBC Credit Card Interest Rate, Minimum Payment and Late Charge Changes
Referring to the Policy of Credit Card Implementation during Emergency Period of COVID-19 as per direction from Bank Indonesia, HSBC Credit Card interest rate, minimum payment and late charge will change to the following:
| No | Tariff and Charge | Before | After | Effective |
|---|---|---|---|---|
| 1 | Interest rate (Purchases & Cash Advance) | 2.25% per month | 2% per month | Transaction posted starting 1 May 20201 |
| 2 | Minimum payment | 10% from the billed amount or minimum Rp50,000 (whichever is higher) | 5% from the billed amount or minimum Rp50,000 (whichever is higher) | Billing statement between 1 May 2020 until 31 December 2020 |
| 3 | Late charge | 3% from the billed amount or maximum Rp150,000 (whichever is smaller) | 1% from the billed amount or maximum Rp100,000 (whichever is smaller) | Billing statement between 1 May 2020 until 31 December 2020 |
1) For transaction posted before 1 May 2020 the interest rate will remain at 2.25% per month.
For further info, please call HSBC Contact Center 1 500 707