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HSBC UK launch credit card payment instalment plans

Friday 2 July 2021 14:12 CET | News

HSBC UK has launched credit card instalment options to help customers with their repayments. 

HSBC UK has announced a new payment option will become available for credit card holders to help cover larger purchases and manage repayments. The new feature, called ‘instalment plans’, is available through the bank’s mobile app and enables eligible credit card customers to convert recent spend into bespoke instalment plans.

These instalment plans will divide spending of at least USD 250 into three, six or 12 equal monthly payments. This feature is interest free and comes with a small monthly fee, which can be as little as GBP 1.67 for a three-month plan repaying GBP 250.


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Keywords: product launch, credit card, instalment payments, digital payments
Categories: Payments & Commerce
Companies:
Countries: United Kingdom
This article is part of category

Payments & Commerce






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