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What is a credit card balance and how do you check it?

Checking your credit card balance regularly is one way to avoid getting stuck in debt.

Credit cards have become increasingly popular to pay for online shopping, utility bills and other transactions. If you use a credit card responsibly, you can enjoy numerous benefits. Many prefer the convenience of tapping a card to carrying cash and appreciate features like rewards, offers and cashback. 

For example, the HSBC Live+ Credit Card allows you to dine, shop and earn up to 10% cashback on purchases. 

But credit cards can be a double-edged sword, and it’s important not to overextend yourself. You can avoid this by keeping a close eye on your spending. 

Read more about how a credit card works.

What is a credit card balance?

A credit card balance is the total amount of money that you currently owe on your credit card. The balance increases when purchases are made and decreases when payments are made. Purchases, balance transfers, foreign exchange, fees, and interest all factor into your credit card balance.

You should check your credit card balance frequently. This can help you keep track of your outgoings and make informed purchase decisions. 

If you’re looking for a new credit card or an upgrade to a premium one, compare our range of credit cards.

How to check your credit card balance

There are different ways to check your credit card due amount and available credit limit, including:

1. Online banking

Log on to HSBC Personal Internet Banking using your credentials. Once you’re in, you can select your credit card to see the statement and find information such as the credit card balance, minimum payment, and due date.

2. Mobile banking

Another simple way to check credit card balances is through the HSBC India Mobile Banking App, with just a few taps on your screen. It will show your current amount due, payment due date, available credit limit, minimum payment amount, and other useful information.

3. Mobile SMS

If you don’t use the above options, you can still get your credit card balance sent to your phone. Subscribe to transaction alerts and a text message will be sent to your registered number notifying you of your transactions and other important information.

Make sure to read all the messages you get from your bank.

4. Phone banking

You can check your balance and last transactions using HSBC’s 24-hour phone banking services. You’ll need to enter your account number or phone banking number when prompted. 

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5. Credit card statement

The statement gives you a clear picture of all your credit card transactions. This will include the date and amount of the purchases, previous due amount (if any), interest levied on the outstanding amount (if any), credit card balance amount and amount payable. It's wise to study the statement thoroughly for any suspicious transactions and report these to the bank.

6. ATM

Another convenient way of finding out your credit card due and balance amount is to visit HSBC's automated teller machines. Insert your card, enter your PIN, and follow the steps on the machine. 

Explore: Types of credit cards

Why you should check your credit card balance

  • It helps you pay the outstanding amount on time
  • It enables you to manage your finances effectively
  • It may help you make informed purchase decisions
  • You can spot suspicious or fraudulent transactions

HSBC Visa Platinum Credit Card

With the HSBC Platinum Credit Card, you'll get complimentary fraud protection cover and lost card liability cover of up to INR300,000.

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Disclaimer

This publication has been issued by The Hongkong and Shanghai Banking Corporation Limited (HSBC), India, Incorporated in Hong Kong SAR with limited liability, for the information of its customers only. This publication does not constitute investment advice or an offer to sell, or a solicitation of an offer to purchase or subscribe to any product / investment. The information herein is derived from sources believed to be reliable and the concerned Information Provider(s) have duly authorized HSBC to use such information provided by them. Whilst every care has been taken in compiling the information, HSBC and the concerned Information Provider(s) do not guarantee, or make any representation or warranty and accept no responsibility or liability as to its accuracy or completeness and shall not be liable for damages arising out of any person's reliance upon this information or any action taken or not taken as a result of any material contained in the publication. Expressions of opinion are those of HSBC and the Information Provider(s) only and are subject to change without notice. HSBC has not independently verified any information provided by the Information Provider (s) or that has been derived from the sources believed to be reliable by HSBC. Opinions expressed herein do not have regard to specific investment objectives, financial situation and the particular needs of any specific person who may receive this publication. This document is for circulation in India only. No part of this publication may be reproduced or stored in a retrieval system without the prior written permission of HSBC. Any liability is accordingly expressly disclaimed by HSBC, its officers, directors and employees.