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Showing posts with the label Credit Cards

HSBC's Special Due Date for Check Payments

I just noticed that my bill has a special note at the bottom of the page. It states that for check payments - you need to pay 3 banking days prior to the due date. I find this quite unfair because we have to adjust the due dates if we're paying in checks! So what's the purpose of having a due date printed on the statement? Other credit card companies who have been in the industry for a far longer time than them does not demand this from their clients. I know so because I handle my parent's accounts. I find this quite unfair and fishy - I mean just because you'll be paying in check you need to pay 3 days in advance? Such a discrimination for those who pay in checks! Here's an image of the notation in my statement: Is it just me or is it really unfair?