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Annual Interest Rates
Please note that the HSBC Gold MasterCard® is no longer being offered to new customers.
Interest begins to accrue on Purchases, Cash Advances and fees from the date of the transaction until payment is received in full. Interest accrues on Convenience Cheques and balance transfers from the date they are posted to your account.
Rates and fees are subject to change. For current information call 1-866-406-HSBC (4722).
Regular Rate
Purchases and Cash Advances (including Convenience Cheques and non-promotional balance transfers) 19.9%*
Low Interest Rate (not applicable in the province of Quebec)
Purchases 12.9%*
Cash Advances (including Convenience Cheques and non-promotional balance transfers) 12.9%*.
Grace Period for Purchases
Interest charges are waived on new Purchases and fees that appear on your account statement for the first time if your New Balance is paid in full by the payment due date shown on that statement. Purchases made by writing convenience cheques are treated as Cash Advance and the interest charges will not be waived. Each statement will normally cover between 28 and 33 days
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Grace period for regular rate MasterCard®2 |
21 days from statement date |
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Grace period for low rate MasterCard |
23 days from statement date |
* Interest rates will increase by 5% per annum if two consecutive Minimum Payments are not made or if three Minimum Payments are not made within the previous 12-month period. The higher rates will apply until the Minimum Payment is made on time for six consecutive months.
Annual Fees
The annual fee(s) will appear on the first Account statement, whether Your Card is activated or not, and will be charged annually thereafter.
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HSBC MasterCard®2: |
No fee |
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HSBC MasterCard low rate: |
$25 |
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HSBC Gold MasterCard®2: |
$60 |
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HSBC Gold MasterCard low rate: |
$85 |
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HSBC Rewards Programs - HSBC Travel & Merchandise Rewards OR HSBC Cash Back Rewards: |
$35 annual Rewards Program fee charged upon initial enrollment by Primary Cardholder, plus an additional $35 charged annually for each supplemental card issued on the Account. |
Replacement Copy Charges
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Previous statement: |
$10.00 |
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Sales Slip |
$10.00 |
Cash Advance Fees
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Cash Advance obtained at an Automated Banking Machine (ABM) displaying the Interac®1, MasterCard, or Cirrus®2 symbol in Canada: |
$2.00 |
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Cash Advance obtained at an Automated Banking Machine (ABM) displaying the Interac®1, MasterCard, or Cirrus®2 symbol outside Canada: |
$4.00 |
Over-the-Counter (in-branch)
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MasterCard financial institution in Canada: |
$3.00 |
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MasterCard financial institution outside Canada: |
$5.00 |
Other Fees
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Transaction Fee: |
$2.75 is charged for purchases of wire transfers, money orders, travelers cheques, foreign currency, bets, lottery tickets and casino gaming chips (referred to as quasi-cash transactions). |
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Overlimit Fee: |
$29.00 is charged if your balance exceeds your credit limit on your monthly statement date. |
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Charge for Dishonoured Payment/Convenience Cheque: |
$25.00 is charged for each cheque or other payment item that is dishonoured, and for each Convenience Cheque returned due to insufficient credit or because your Account is not in good standing. |
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Foreign Currency Transactions: |
You are charged the MasterCard conversion rate for transactions in a foreign currency, plus an administration fee of 2.5% of the converted amount, on both debits and credits. |
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Convenience Cheque Fee: |
$5.00 is charged for cheques written to a merchant outside Canada. |
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Inactive Credit Balance Account Fee: |
The lesser of $10 or the credit balance is charged every time an Account carrying a credit balance is inactive for 12 months. |
Rates and Fees are subject to change. For current information call 1-866-406-HSBC (4722).
Optional Insurance
Travel and Medical Insurance 1 Annual premium of $69, including applicable taxes.
CreditCare Insurance 2 $0.99 per month per $100 of the average daily balance on your HSBC MasterCard account (plus applicable taxes).
®1 Trade-mark of Interac Inc. HSBC Bank Canada authorized user of the trade-mark.
®2 MasterCard and Cirrus are registered trademarks of MasterCard International Incorporated. Used pursuant to license.
1 Coverage is underwritten by American Bankers Life Assurance Company of Florida and/or American Bankers Insurance Company of Florida, Assurant Solutions™ companies. All insurance is subject to limitations and exclusions. Please refer to the insurance certificates for complete details.
2 The optional CreditCare insurance product is underwritten by Household Life Insurance Company and American Bankers Insurance Company of Florida and is provided to eligible HSBC MasterCard cardholders on a group basis. All benefits are subject to exclusions and limitations, see you certificate for more details.
