HSBC Credit Cards work just like an ATM Card in that you can use them to withdraw money here or abroad. You’ll feel a lot safer knowing that you’ve got extra cash on hand during emergencies.
How it works
Cash advance transactions may be made through any of the following ATM - BancNet, ExpressNet, MegaLink, Plus or Cirrus and will require a PIN (Personal Identification Number). If you can’t recall your PIN, please contact us at (02) 85-800 for a reprint.
Your cash advance limit is set as a portion of your regular credit limit and may vary from time to time without prior notice. The allotment will be replenished on your next cut-off date only after payment has been posted or funds have been cleared (for check payments).
Fees and Charges
Every cash advance transaction made with the card is subject to a service fee of 3% of the withdrawn amount or P500, whichever is higher, or such other amount as may be set by HSBC from time to time. In addition to the cash advance service fee, your cash advance transactions shall also incur finance charges at the prevailing monthly interest rate indicated above, applied to the cash advance amount from transaction date until the amount is fully paid.
Cash Advance vs. Loans
While cash advances are extremely convenient, you must take them in moderation. If you use them to repay other loans or to top up your salary, all you're doing is increasing your debt. This will not help get your finances in order. Use it only in cases of emergency. If you need cash for a bigger expenditure, you may want to take out an HSBC Loan.
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