When you are looking for a good credit card, you should have a closer look at HSBC credit cards. There are a number of cards from this bank and it is impossible for you not to find a card that suits your lifestyle.
HSBC doesn’t just offer you cards that fit your lifestyle, their interest rates are also quite competitive. In addition, the bank also issues cards that earn your rewards. The rewards that you earn with the cards can range from miles to points to even cashback. However, you have to ensure you choose the one that will benefit you the most.
To learn more about how you can apply for HSBC credit cards online, you should read on. Info on eligibility and rewards can be found here as well. You can also find out more about some of the fees that you have to pay as a holder of the card.
Types of HSBC Credit Cards
With a bank like HSBC, there are a number of credit cards that you can apply for with the bank and they come in different categories. There are the cashback credit cards or, as they are commonly known in HSBC terms, the Everyday Credit Cards. These cards are best for the everyday spender as they help you earn on almost everything you purchase.
The Everyday Cards have a credit limit if £1,200 and variable APRs, depending on the specific card you choose. Then, you have the 0% credit cards that are also known as ‘Purchase Credit Cards’. These cards are based on a 0% interest on purchases upon account opening for up to 18 months.
Additionally, you then have the Credit Builder Credit Cards which are used to build credit. They are categorized based on different situations in life. As such, the cards are the Classic Credit card, Student Credit Card, and Balance Transfer Credit Card. The cards are about helping you build your credit in the long-term.
How to Apply For HSBC Credit Cards
To apply for any of the HSBC Credit Cards, you need to have met certain criteria that are set by the bank. For each card, there are different requirements that you have to meet. For example, the student cards require you to be a student at an accredited university in the UK before you can get the card.
However, there are other criteria that are the same for each card; these are the ones that you can consider as the basics. For example, you have to be at least 18 years old to be able to apply for the card. You also have to be earning regularly in order to have access to any card.
For earnings, you have to be earning at least £8,500 to be considered for any of the cards. You also have to be a UK resident to have access to the cards. In addition, some of the cards require you to be a customer of the HSBC bank before you can apply for the card.
If you meet the eligibility criteria, you should visit the HSBC website and click on the credit card menu and choose the category you want. After you have clicked on the category, you can then choose from the options on the next page the card that you want to apply for.
Once you have made your choice about the card you want, click on it, and you’ll be redirected to the next page where you will have a form to fill out. On the first page of the form, you are required to fill out your personal details and then submit them.
Your banking and other financial details will come in thereafter. Ensure that you have read through all the information there and that you agree to the terms. You need to have copies of your ID and other required documents such as your payslip.
Interest Rate and Other Charges
With these cards, there are a variety of fees, depending on the card you choose. Some have annual fees and some do now. There is one constant, however; the interest rate. You can get an interest rate from as low as 18.9% variable APR for the HSBC student credit card. Meanwhile, the Purchase Plus card has a representative APR of 22.9%. As all of the cards are different, it is important to check the details of the specific card you would like to have.
Bank’s Contact & Address
To get in touch with the bank, you can use the number 000 44 1226 261010. The bank’s head office is located at 8 Canada Square, London, E14 5HQ.
With HSBC, you can be sure that there are a number of cards from which you can choose from. They vary from different lifestyles to different spending habits. Therefore, you have to ensure you make the right choice about the one that you want.
*Note: There are risks involved when applying for and using a credit card. Consult the bank’s terms and conditions page for more information.