Can I pay my HSBC credit card using UPI in India, and are there any charges or fees I should know about?
When I recently wanted to pay my HSBC credit card bill quickly, I noticed UPI as an option. At first, I thought it would be completely free, but later I found out that depending on how you use UPI, charges might apply. This made me dig deeper into the details to understand the actual cost of paying via UPI.
UPI Payments for HSBC Credit Card Bills in India:
If you pay your HSBC credit card bill using UPI directly from your bank account, it is usually free of charge. This method is supported by most payment apps and is the most straightforward way to clear dues without incurring extra costs. The issue arises when you use a credit card itself as the funding source for UPI transactions, as some platforms charge a convenience fee that can range from 0.5% to 1% per transaction.
Merchant Restrictions on Credit Card UPI Payments in India:
Not every merchant accepts credit card-based UPI payments, and in some cases, additional surcharges are applied. For example, fuel stations and certain large-ticket merchants may add a fee to cover the merchant discount rate (MDR). This means even if UPI technically works, the final transaction may end up costing more than expected.
Best Way to Pay HSBC Credit Card Bills via UPI:
The most cost-effective option remains paying through a linked bank account via UPI, as this avoids extra charges. Many users also prefer using the bank’s net banking or mobile app for direct payments to ensure there are no hidden fees. Choosing this route ensures faster settlement and full value for the money paid without deductions.
When I tried paying my HSBC credit card bill using a UPI app, I thought the process would be completely free and instant. But after talking to a colleague and checking a few online discussions, I realized that while bank-to-bank UPI payments usually don’t cost anything, using a credit card as the funding source might come with extra charges.
UPI Payments for HSBC Credit Card Bills in India:
A friend of mine mentioned that paying his HSBC credit card bill through UPI linked directly to his savings account was smooth and free. He didn’t face any hidden fees, and the payment reflected quickly. But when another acquaintance used his credit card via a UPI app, a small fee of around 0.5% was added to the transaction, which made him rethink whether it was worth it.
Merchant Restrictions on Credit Card UPI Payments in India:
I also heard from someone on a finance forum that not all merchants are open to accepting UPI payments funded by credit cards. For example, when he tried paying at a fuel station, an additional surcharge was applied on top of the MDR charges. This made his transaction more expensive than paying directly from his bank account.
Best Way to Pay HSBC Credit Card Bills via UPI:
After reading a few user experiences online, I realized the most reliable and cost-effective option is paying via a linked bank account. Many people prefer this route because it avoids charges and ensures quick settlement. Some even suggested sticking to HSBC’s own net banking or mobile app for added safety, as it eliminates the risk of unexpected deductions.
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