HSBC credit cards provide the convenience of cash withdrawals from ATMs, but it’s crucial to understand the HSBC credit card cash withdrawal limit to avoid high fees and interest rates. Each HSBC credit card has a different withdrawal cap, typically ranging from 40% to 50% of the total credit limit, depending on the card type and creditworthiness.
Before using this feature, cardholders should be aware of HSBC credit card cash withdrawal limits, charges, and interest rates, as cash advances accrue interest immediately. Using an HSBC credit card cash withdrawal limit calculator can help determine the exact limit, ensuring informed financial decisions while avoiding unnecessary costs.
Table of contents
- What is the HSBC Credit Card Cash Withdrawal Limit?
- HSBC Credit Card Cash Withdrawal Limit for Different Cards
- How to Check Your HSBC Credit Card Cash Withdrawal Limit?
- HSBC Credit Card Cash Withdrawal Fees & Charges
- HSBC Credit Card Cash Withdrawal Interest Rate & Repayment Terms
- How to Withdraw Cash Using an HSBC Credit Card?
- Pros & Cons of HSBC Credit Card Cash Withdrawals
- Alternatives to HSBC Credit Card Cash Withdrawals
- FAQs
What is the HSBC Credit Card Cash Withdrawal Limit?
The HSBC credit card cash withdrawal limit refers to the maximum amount you can withdraw as cash using your HSBC credit card. This limit varies based on:
- The type of HSBC credit card you own.
- Your creditworthiness and overall credit limit.
- HSBC’s internal policies regarding cash advances.
Typically, HSBC allows cardholders to withdraw up to 20% of their total credit limit as a cash advance. However, the exact amount can be checked using the HSBC credit card cash withdrawal limit calculator, available on HSBC’s official website or mobile app.
HSBC Credit Card Cash Withdrawal Limit for Different Cards
Each HSBC credit card comes with a different cash withdrawal limit. Below are some examples:
| HSBC Credit Card | Cash Withdrawal Limit (%) |
| HSBC Premier Mastercard | Up to 50% of the credit limit |
| HSBC Advance Visa Credit Card | Up to 50% of the credit limit |
| HSBC Visa Platinum | Up to 40% of the credit limit |
| HSBC Cashback Credit Card | Up to 40% of the credit limit |
Also Read: Know all about HSBC Forex Rates in this blog. Understand the types of forex rates listed and the tips for getting the best rates possible.
How to Check Your HSBC Credit Card Cash Withdrawal Limit?
To check your specific HSBC ATM withdrawal limit per day, you can log in to HSBC net banking or contact HSBC customer support. Find the details using the following methods:
- HSBC Online Banking – Log in and check the credit card section.
- HSBC Mobile App – Use the HSBC credit card cash withdrawal limit calculator for real-time limits.
- Customer Care – Call HSBC customer support for assistance.
- HSBC Branch – Visit the nearest branch to inquire.
HSBC Credit Card Cash Withdrawal Fees & Charges
Withdrawing cash using an HSBC credit card comes with various charges that can significantly impact the total cost of the transaction. Understanding these charges beforehand can help you make an informed financial decision. Below is a detailed breakdown of the applicable fees:
| Charge Type | Details |
| Cash Withdrawal Charges | 2.5% of the transaction amount or a minimum of INR 500 (varies by card type) |
| Cash Advance Fees at Branches and ATMs | 2.5% of the transaction amount or a minimum of INR 500 |
| Cash Advance Interest Rate | Typically 3.75% per month or 45% per annum, charged daily from the withdrawal date |
| Foreign Currency Conversion Fees | 3.75% of the foreign currency transactions |
| Late Payment Charges | Subject to minimum fees of INR 250 and maximum fees of INR 1,200 per month. |
It’s crucial to be aware of these charges as they can significantly increase the cost of withdrawing cash using your HSBC credit card, especially for students using HSBC student credit cards. Always check the applicable fees before making a withdrawal to avoid unnecessary expenses.
HSBC Credit Card Cash Withdrawal Interest Rate & Repayment Terms
Unlike regular purchases, HSBC credit card cash advance interest rates apply immediately from the date of withdrawal. There is no interest-free period for cash advances. Some key points to note:
- Interest accrues daily until the full amount is repaid.
- The total outstanding amount, including withdrawals and purchases, is reflected in your HSBC credit card billing cycle in India.
- If the payment is delayed, late fees and additional penalties may apply.
How to Withdraw Cash Using an HSBC Credit Card?
To withdraw cash, you need to visit an HSBC ATM or any Visa/Mastercard-supported ATM, insert your HSBC credit card, enter your PIN, select “Cash Withdrawal” or “Credit Card Cash Advance,” enter the amount within your HSBC credit card cash withdrawal limit, and confirm the transaction. If withdrawing overseas, ensure your card is enabled for international transactions.
Check out the steps below for a simpler explanation-
- Visit an HSBC ATM or any bank ATM accepting Visa/Mastercard.
- Insert your HSBC credit card and enter the PIN.
- Select Cash Withdrawal / Credit Card Cash Advance.
- Enter the withdrawal amount (within your HSBC credit card cash withdrawal limit).
- Confirm and collect the cash along with the receipt.
- For international transactions, ensure your card is activated for overseas withdrawals to use the HSBC credit card withdraw cash overseas feature.
Also Read: This blog includes the details about the HSBC International Student Account. To know more about it read the blog.
Pros & Cons of HSBC Credit Card Cash Withdrawals
Withdrawing cash using an HSBC credit card can be a convenient option in emergencies, but it comes with high fees and interest rates. Unlike regular credit card transactions, cash advances start accruing interest immediately, making them an expensive choice for accessing funds.
Before using this feature, it’s essential to weigh the benefits and drawbacks to make an informed financial decision.
Pros
- Instant access to cash, even overseas.
- No need for a separate loan application.
- Usable at any ATM that accepts HSBC credit cards.
Cons
- High HSBC credit card cash withdrawal charges and interest rates.
- No grace period; interest starts accruing immediately.
- Can negatively impact your credit score if not repaid on time.
Alternatives to HSBC Credit Card Cash Withdrawals
If you’re looking for cost-effective alternatives, several options can help you access funds without the financial burden of a credit card cash advance.
These include using HSBC debit cards, taking a personal loan, utilising overdraft facilities, and considering digital transfer methods. Check out the alternatives below-
- Using a Debit Card – The simplest and most cost-effective way to withdraw cash is through your HSBC debit card, which avoids interest charges and additional fees.
- Personal Loans – HSBC offers personal loans with lower interest rates compared to cash advances, making them a better alternative for urgent financial needs.
- Overdraft Facilities – HSBC account holders may be eligible for an overdraft facility, allowing them to withdraw more than their account balance with relatively lower charges.
- Buy Now, Pay Later (BNPL) Services – Some purchases can be split into instalments using HSBC’s BNPL services, reducing the need for cash withdrawals.
- Peer-to-Peer Transfers – Instead of withdrawing cash, consider digital payment options like UPI, NEFT, or HSBC’s global international money transfer services to send money directly.
To sum up, HSBC credit cards indeed provide the convenience of cash withdrawals, but it’s essential to be aware of the HSBC credit card cash withdrawal limit, fees, and interest rates. Always check your HSBC ATM withdrawal limit per day before making a transaction.
If possible, explore alternatives like personal loans or overdraft facilities to avoid high charges. For further details, visit HSBC’s official website or contact customer support.
FAQs
Yes, you can withdraw cash using your HSBC credit card at HSBC ATMs and other bank ATMs that accept Visa/Mastercard. However, cash advances come with high withdrawal charges and interest rates, which start accruing immediately.
The daily cash withdrawal limit depends on your specific HSBC credit card. Typically, HSBC allows cardholders to withdraw 20% of their total credit limit as a cash advance. You can check your exact limit via HSBC online banking, mobile app, or by contacting customer support.
You can log in to HSBC net banking, use the HSBC mobile app, contact HSBC customer support, or visit a branch.
Charges include 2.5% of the transaction amount (minimum INR 500), plus a cash advance interest rate typically at 3.75% per month or 45% per annum, charged daily from the withdrawal date.
Visit an HSBC ATM or any ATM accepting Visa/Mastercard, insert your card, enter your PIN, select “Cash Withdrawal” or “Credit Card Cash Advance,” enter the amount within your limit, and confirm.
Yes, but ensure your card is activated for overseas withdrawals.
Typically, it is 3.75% per month or 45% per annum, charged daily from the withdrawal date, with no interest-free period.
Interest accrues daily from the date of withdrawal until the full amount is repaid.
Alternatives include using an HSBC debit card, taking a personal loan, utilizing overdraft facilities, or considering digital transfer methods.
Late payment fees are subject to a minimum of INR 250 and a maximum of INR 1,200 per month.
To learn more about education loans, the best bank accounts for students, forex, banking experience for global students, or international money transfers, reach out to our experts at 1800572126 to help ease your experience with studying abroad.
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