HSBC Credit Card EMI

For the benefits and convenience of its credit card customers, HSBC has launched the HSBC Credit Card EMI facility which offers a great degree of flexibility to the HSBC credit card users in dealing with high value purchases and huge credit card bills. Be it availing cash against your credit card, converting your costly purchases into EMIs, or transferring the outstanding from your other credit cards to your HSBC credit card, here is the solution to all your credit card issues.

Types Of HSBC Credit Card EMI Facilities

There are three distinct benefits which you could avail under HSBC Credit Card EMI facilities. These are HSBC Instant EMI, HSBC Balance Transfer (Balance Transfer-on-EMI and Perpetual Balance Transfer) and HSBC Cash on EMI. Each of these three provides easy EMI facilities accompanied by low interest rates that give you a unique and desirable credit card usage experience.

HSBC Instant EMI

The HSBC Instant EMI facility allows you a greater degree of financial independence by enabling you to use your HSBC credit card at listed merchant points for a wide variety of expenditures. Convert all your purchases ranging from travel tickets and apparel to groceries and gadgets into easy monthly instalments at select merchant points.

HSBC Instant EMI Features And Benefits

• You can convert all your purchases above Rs.2,000 into EMIs of tenures 3, 6, 9, 12, 18, or 24 months.
• You need not go through any process of documentation to avail this facility.
• There's no processing fee for availing this facility.
• On EMI transactions, using your credit card, you get the chance to earn reward points.
• The facility is available only at select merchants and isn't available on the purchase of gold and gold jewellery.

HSBC Instant EMI Fees And Charges

Hsbc Instant EMI Interest Rates

How To Opt For The HSBC Instant EMI Facility?

• The HSBC Instant EMI facility can be availed only by select HSBC Credit Cardholders.
• You can call the HSBC credit card customer care to know about your eligibility to avail the facility.
• Please note that HSBC Corporate Credit Cardholders can't avail this feature.

HSBC Balance Transfer-on-EMI

By availing the HSBC Balance Transfer-on-EMI facility, you could opt for transferring any outstanding amount over Rs.5,000 on your credit accounts with other banks to your HSBC credit account and then repay the same while enjoying the comfort and convenience of EMIs with lower rates of interest.

Features And Benefits Of The HSBC Balance Transfer-on-EMI Facility

• You can transfer the outstanding amount from your other bank credit card accounts to your HSBC Credit Card.
• You get the option to choose from 3, 6, 9, 12, 18, and 24 months as the tenure of your loan repayment.

HSBC Balance Transfer-on-emi Fees And Charges

Interest Rates on HSBC Balance Transfer-on-EMI

How To Opt for HSBC Balance Transfer-on-EMI Facility?

• Just visit www.hsbc.co.in/credit-cards/features/balance-transfer/
• Click 'Apply Now' under the Balance Transfer category.
• You will be redirected to a form where you will have to enter certain details of yours.
• Click 'Submit' once you enter all the required details and then you will be contacted by an HSBC representative.
• Alternatively, you can SMS 'BTR' to 575750 and an HSBC representative will contact you shortly.
• You can also call the bank at 1860 108 7788.

HSBC Perpetual Balance Transfer (PBT)

Through the Perpetual Balance Transfer (PBT) facility, you can transfer dues on your other credit card above Rs.5,000 to your HSBC credit card. You can choose multiple options of tenure from 12, 18, and 24 months. So now you can get rid of all your worries regarding the bill payment of your credit cards and enjoy the benefits of the HSBC Perpetual Balance Transfer.

HSBC Perpetual Balance Transfer Features And Benefits

• The Perpetual Balance Transfer facility allows you the convenience of paying a lower rate of interest than the rates charged on your other credit card accounts. Also, there's no pre-defined term for the repayment of the loan.
• For the Perpetual Balance Transfer facility, you just need you make a minimum repayment of Rs.100 or 5% of the outstanding PBT amount per month, whichever is higher.
• You pay an interest rate that is as low as 1% to 1.2% (per month) of the outstanding amount of your PBT.
• Zero foreclosure charge on early repayment of the PBT amount.
• If you wish, you may pay more every month in order to close your PBT earlier as per your convenience.

HSBC Perpetual Balance Transfer Fees And Charges

How To Opt For The HSBC Perpetual Balance Transfer Facility?

• Just visit www.hsbc.co.in/credit-cards/features/balance-transfer/
• Click 'Apply Now' under the Perpetual Balance Transfer category.
• You will be redirected to a form where you will have to enter certain details of yours.
• Click 'Submit' once you enter all the required details and then you will be contacted by an HSBC representative.

Cash On EMI for HSBC Card

If you are hard-pressed for cash, you can avail the Cash On EMI for HSBC Card facility and get cash against your HSBC credit card. You will enjoy the luxury of repaying the cash amount in instalmentsand that too with low rates of interest.

HSBC Cash On EMI Features And Benefits

• The Cash on EMI facility enables you to get instant cash through National Electronic Funds Transfer (NEFT) or draft.
• You need not go through any process of documentation to avail this facility.
• You get the flexibility of choosing the tenure of the loan from 6, 12, 18, and 24 month.
• The minimum amount for the Cash on EMI facility is ?5,000.

Cash On EMI for HSBC Card Fees And Charges

Eligibility For Cash On EMI for HSBC Card Facility

• Cash On EMI for HSBC Card facility can be availed only by select HSBC Credit Cardholders.
• You can call the bank at 1860 108 7788 to know about your eligibility to avail the facility.
• Alternatively, you can also SMS 'COE' to 575750and a representative of HSBC will call you back.

How To Apply For The Cash On EMI for HSBC Card Facility?

• Visit https www.hsbc.co.in/credit-cards/features/cash-on-emi/ and click the 'Apply for Cash-on-EMI' button.
• You will be redirected to the Cash-on-EMI Application form where who would be prompted to enter your basic details.
• After entering the necessary details and accepting the terms and conditions, click the 'Submit' button. Once submitted, you will be contacted by the bank.

FAQs on HSBC Credit Card EMI

1. Can I make a partial prepayment under the HSBC Instant EMI facility?

   No, you can't make any partial prepayment under the HSBC Instant EMI facility.

2. Can I use the HSBC Balance Transfer facility to transfer the outstanding amount from another HSBC credit card?

   No, you are not allowed to transfer any outstanding amount from your other HSBC credit cards.

3. What's the maximum amount that I can transfer from the credit cards of other banks to my HSBC credit card?

   The maximum amount that you can transfer from the credit cards of other banks to your HSBC credit card is 95% of your HSBC credit card's limit, provided the balance is available on the date of approval of your application.

4. What's the maximum amount thatI can avail under the HSBC Cash on EMI facility?

   The maximum amount thatyou can avail under the HSBC Cash on EMI facility is 90% of your HSBC credit card limit.

5. Can I change the billing cycle during the period of HSBC Cash on EMI facility?

   No, you cannot change the billing cycle during the period of HSBC Cash on EMI facility.