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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.
A credit card allows you to buy things now and pay for them later. You can spend up to a certain amount on the credit card, known as your credit limit. As you use your credit card, your balance falls.
Every month, you’ll get a credit card statement listing your transactions and telling you what your minimum payment is, if you want to avoid credit card charges. It’s always wise to pay in full if you can, not just the minimum amount due. Once you’ve paid your credit card bill, the amount is credited back to your card and your credit balance increases.
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.
There are different ways to bank and ways to check your credit card due amount and available credit limit, including:
Log on to your bank's online banking portal using your credentials. Once you’re in, click on the credit card. Select 'Manage' to see the statement and find information such as the credit card balance, minimum payment, and due date.
Another simple way to check credit card balances is through your bank's app. You can use the HSBC India Mobile Banking App for different transactions with just a few taps on your screen. Click on your credit card to see the transactions. Select 'View more' to see your credit card statement. It will show your current amount due, payment due date, available credit limit, minimum payment amount, and other useful information.
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 the bank will send a text message to the number you registered with, notifying you of your transactions and other important information.
Make sure to read all the messages you get from your bank.
You can check your balance and last transactions using HSBC’s 24-hour phone banking services. You’ll need to enter your account number, credit card number or phone banking number when prompted.
Banks normally send out credit card statements on the last day of the billing cycle. These are often password-protected files that only you can access.
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.
Another convenient way of finding out your credit card due and balance amount is to visit your bank’s automated teller machines. Insert your card, enter your PIN, and follow the steps on the machine.
Explore: Types of credit cards
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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