Claim your HSBC Credit Card refund

Who are HSBC?

HSBC provides a wide range of financial services from wealth and personal banking to commercial banking and markets. According to the brand’s website, its network reaches over 63 countries and territories across Europe, Asia, the Middle East, Africa, North America, and Latin America. Throughout the UK, HSBC is a household name and provides retail, commercial, and private banking services. According to the brand’s claimed Trustpilot page , HSBC scores a ‘bad’ 1.4 out of 5 amongst customers.

What’s the current situation?

HSBC made headlines in the third week of February 2023 as it was announced the firm would be closing 114 branches throughout the year. With customers now predominantly using online banking services, HSBC along with other market leaders are further adapting their digital offering and cutting costs.

Over the last decade, banks and other lenders have seen an influx of irresponsible lending claims in the form of unaffordable lending. In terms of credit card compensation, large brands may owe clients compensation if it is deemed that the customer shouldn’t have been offered so much credit, had insufficient financial background checks, or was treated unfairly.

For example, in November 2022, HSBC was directed by the FCA to settle a customers credit card unaffordability complaint by following the following actions:

• Write off the remaining balance on the credit card account, once any interest or charges applied to it have been refunded; and
• Remove any record of the account with the CRAs.

Don’t Delay. Check Now.

Don’t miss out on £100’s or even £1,000’s in compensation you could be entitled to. Checking only takes 5 minutes, so why not do it now?