HSBC Credit Cards (The Ultimate Guide 2020)

Are you interested in getting credit cards from one of the best financial providers in the UK? With an HSBC credit card in your arsenal, you can get your hands on a ton of rewards.

With this extensive credit card guide, you can find an HSBC credit card that’s suited for your needs. Offering 7 Mastercard– and Visa-powered cards, HSBC makes sure to give you the best. From transferring your balance to purchasing your daily essentials, this bank has credit card offerings intended to meet your requirements.

Read on to find out more about the different benefits you can qualify for and how to apply for HSBC credit cards.

Benefits & Features of an HSBC Credit Card

HSBC takes pride in offering a great selection. Their impressive line-up of Visa- and Mastercard-powered cards include the HSBC Balance Transfer Credit Card, HSBC Rewards Credit Card, HSBC Purchase Plus Credit Card, HSBC Classic Credit Card, HSBC Premier Credit Card, HSBC Premier World Elite Mastercard, and the HSBC Student Credit Card. These credit cards are made for individuals with various priorities.

One of the main HSBC credit card features is that it has low to zero annual fees! This means that you can get most of the cards for free, with only the Premier World Elite Mastercard having a low fee of £195 per year.

The HSBC credit card benefits also come with a cash back and rewards feature for some credit cards, such as the Balance Transfer Credit Card, Rewards Credit Card, Purchase Credit Card, Classic Credit Card, and the Premier World Elite Mastercard. With these, you can earn cash back when shopping with your favourite brands, as well as earn points each time you spend. Cardholders can enjoy 1 reward point for every £5 spent on the Rewards Credit Card.

Users will also enjoy additional welcome points, as well as an anniversary points boost each year.

These are just some of the many rewards you can enjoy with an HSBC credit card. Now that you’re familiar with the features you can enjoy, read on to find out rules of eligibility and how to apply today.

HSBC Credit Card Offers

The HSBC credit card has an introductory offer of 0% interest on purchases and balance transfers. The Balance Transfer Credit Card, Rewards Credit Card, Purchase Plus Credit Card, and Premier Credit Card are all eligible for interest-free purchases and balance transfers starting from 3 to 25 months, depending on your chosen HSBC credit card.

After the promotional period, balance transfers and purchases will revert to their standard variable rates. 

HSBC Credit Card Balance Transfer

If you want to save on credit card interest, you can do so by using the Balance Transfer Credit Card. With this offering, you can transfer your existing balance from another credit card to your HSBC credit card and avail of the 0% interest rate. After the 60 day promotional period, a 1.5% fee applies (minimum of £5).

HSBC Credit Card Eligibility

The HSBC credit card eligibility includes being over the age of 18 and being a resident of the UK. In addition, applicants must also have an annual income or pension before tax of £8,500 or more. Applicants should not already have an HSBC basic bank account under their name.

Some of the requirements and supporting documents that might be asked by the bank include personal details, nationality and residency, and your employment and salary information.

HSBC Credit Cards (The Ultimate Guide 2020)
HSBC Credit Card

HSBC Credit Card Application

To proceed with your application, you can fill out the online credit card application form found on the HSBC website. Just click the Apply Now button.

Other ways you can apply for an HSBC credit card include going to a branch near you. A bank representative will be more than happy to help you.

HSBC Credit Card Activation

The HSBC credit card processing time can take anywhere from 5 to 15 minutes. When your new card arrives, you can activate an HSBC credit card by phone or through online banking.

If you prefer to activate your credit card by phone, you can call the bank’s hotline at 0800 3281 370. For online banking, you can simply enter your login details and follow the screen instructions provided.

HSBC Credit Card Limit

The bank determines your credit limit amount based on your creditworthiness and your income, as well as a variety of other factors. The assumed HSBC credit card limit ranges from £500 to £1,200.

HSBC Credit Card Interest Rate and Fees

Take a look at this brief overview of rates and fees you can expect with different HSBC credit cards. Note that some fees and interest rates may vary based on your credit. For more information, visit the specific summary boxes for each card.

  • Variable APR – Balance Transfer and Rewards Credit Card: 21.9%; Purchase Plus Credit Card: 22.9%; Classic Credit Card: 29.9%; Premier Credit Card and Student Credit Card: 18.9%; Premier World Elite Mastercard: 59.3%
  • Balance transfer interest rate – Balance Transfer and Rewards Credit Card: 21.9% to 24.9%; Purchase Plus Credit Card: 22.9% to 25.9%; Classic Credit Card: 29.9%; Premier Credit Card, Premier World Elite Mastercard, and Student Credit Card: 18.9%
  • Annual fee – no annual fees except for the Premier World Elite Mastercard: £195
  • Cash advance fee – 2.99% of the amount advanced (minimum of £3)
  • Late payment fee – £12
  • Foreign transaction fee – 2.99% of the transaction amount (minimum of £3)

HSBC Credit Card App and Online Banking

To help you better manage your credit card account, you can use the online banking facility of HSBC. You can also download the credit card app on the App Store and on Google Play.

Through these channels, you can check your balance, schedule payments, and make credit card payments.

Already an HSBC Credit Card Holder?

Below is some additional information on how you can better manage your credit card.

HSBC Credit Card Contact and Customer Service

Address: 8 Canada Square, London E14 5HQ.

For all your queries, you can contact the HSBC customer service at 03457 404 404 (HSBC customers) or 03456 040 626 (non-HSBC customers) from 8 am to 10 pm every day. For those outside the UK, lines are open 24/7 at +44 1226 261 010 or +44 1442 422 929.

These representatives can help with your credit card concerns.

HSBC Credit Card Login

To download the HSBC app, you can visit the App Store or Google Play Store. Meanwhile, for the online banking facility, you can simply input your information to login.

HSBC Credit Card Payment

Wondering how to pay your HSBC credit card? You can pay directly from your account online or by using the HSBC app. You can also call the bank or go through a branch near you.

The HSBC credit card minimum repayment is 2.5% of the balance or £5, whichever is higher.

How to Cancel Your HSBC Credit Card

If you are unhappy with your current credit card, you can cancel an HSBC credit card via the secure messaging service on the online banking facility. You can also visit a nearby branch or call the HSBC hotline.

Conclusion

The HSBC credit card is a worthy contender if you are looking for a credit card that addresses a variety of needs. Bear in mind that while the bank has attractive offers, the promotional period will only be available for a limited time. To know more about the wide range of offerings from HSBC, or to apply for a credit card, visit their website today!

Note: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions page for more information.