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HSBC credit card balance transfer - retail transactions finance charges

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Old 09-11-2019, 04:16 PM   #1
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HSBC credit card balance transfer - retail transactions finance charges

Hi all,

I have taken a balance transfer on HSBC advance credit card. I understand, if I make retail transactions, then I need to pay it in full by manually calculating + the 3% minimum payment for the balance transfer outstanding, then there should be no finance charge for the retail transactions.

But atleast 2 HSBC customer service ladies have told me that retail transactions should not be done on the same card on which balance transfer is done. They say even if I pay in full I will have to incur 25% pa finance charge. Is this something special about HSBC?
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Old 09-11-2019, 05:01 PM   #2
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Hi all,

I have taken a balance transfer on HSBC advance credit card. I understand, if I make retail transactions, then I need to pay it in full by manually calculating + the 3% minimum payment for the balance transfer outstanding, then there should be no finance charge for the retail transactions.

But atleast 2 HSBC customer service ladies have told me that retail transactions should not be done on the same card on which balance transfer is done. They say even if I pay in full I will have to incur 25% pa finance charge. Is this something special about HSBC?
It is norm that you should not spend on the card you do balance transfer from.
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Old 09-11-2019, 06:57 PM   #3
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It is norm that you should not spend on the card you do balance transfer from.
Hmm, the last time I did balance transfer was with anz credit card 0% and they never charged me for retail transactions when I paid them in full each month.

So is HSBC different or was anz different?
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Old 09-11-2019, 07:49 PM   #4
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This link explains my understanding:

https://www.creditcards.com/credit-c...nsfer-1582.php

"To assure that your appliance purchase is paid in full and does not accrue any interest, you will need to make a payment that totals the amount of your purchase plus the minimum amount due."
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