HSBC - GM (Flexible Earnings) Platinum MasterCard:
chosen by 27% of Check users with HSBC - GM (Flexible Earnings) cards
Annual Percentage Rate
This information is based on anonymous, aggregated financial data from Check users. Last updated .
What do these statistics mean for people with a HSBC - GM (Flexible Earnings) Platinum MasterCard?
On average, cardholders owe $2377 on their credit cards — more than the $1360¹ owed by the average American cardholder! When a credit card is used to make a transaction, the cardholder agrees to pay their credit card company the amount of the purchase. If the cardholder doesn't pay the statement balance in full before the end of the grace period (between 20 and 50 days), they will be charged interest. The statement includes recent and past purchases, as well as any interest charges or fees for past purchases. Use Check to track and pay your HSBC - GM (Flexible Earnings) Platinum MasterCard bill.
A credit limit is the maximum amount a credit card company will allow a cardholder to put on a specific card. HSBC - GM (Flexible Earnings) uses a variety of factors to choose a credit limit, ranging from credit score to income and assets.
A statement balance of
$2377 with a $4371
credit limit is a 54% credit utilization!
Tip: Try to keep your credit utilization low to maximize your credit score
Most U.S. credit cards give the nominal APR compounded monthly. At the end of the grace period, interest is charged on the unpaid part of the statement balance. Access your Check account and get an alert if your APR changes.
If only the $60 minimum payment on the $2377 average statement balance were paid, interest of $408 would be charged, for a new total payment due of $2724.
APRs might not seem like much, but they add up quickly! The average late fee charged is $20. So far in 2012, each cardholder has paid an average of $392 in APR charges!
Sick of paying fees? Check will remind you when your bill is due, and let you know if HSBC - GM (Flexible Earnings) charged you any additional fees!
The above information is based on anonymous, aggregate data from Check users. Neither this website nor Check is affiliated with HSBC - GM (Flexible Earnings) in any way and should not be confused with HSBC - GM (Flexible Earnings).