You continue to enjoy a reduced interest rate of 3.25% p.m. (39% p.a.) on extended credit on your HSBC Credit Card ending XXXX.
I’ve had this card since 5+ years and have never made a late payment. If my interest rate for being loyal and punctual is 39% p.a., you can imagine what the interest rate would be for someone who has made late payments.
To give credit, HSBC’s tried quite a number of tricks over the years to get me to convert my credit card balance into one of their lame EMI schemes. They don’t realize that I’m not their target market. If I was, we’d see this headline: “Personal Finance blogger converts credit card balance into EMIs.”
And then you’d stop reading this blog.