If you want a credit card that really really wants you to be a part of their team then check out the HSBC Purchase Plus Card. They're pulling out all the stops for sure. This card has no interest for the first 18 months - what? They also have no interest on transfers for the first 18 months.
So if you're in a tight fix, this HSBC UK card might just be the one for you. Their a pretty convenient bank to deal with and have some rewards too. But most important is figuring out if the card is right for you.
You are unique and so is your lifestyle and all credit cards cannot fit the bill. You need to check out interest rates, annual fees, cashback options and rewards. We've done some digging to help you determine if this HSBC UK is the one suited for you so have a go at it below.
What are the Benefits of an HSBC Purchase Plus Credit Card
The HSBC Purchase Plus Credit Card offers a world of worthwhile and convenient features. You can earn cash back and rewards through the bank’s Home & Away reward program. With your points, you can redeem various discounts and offers to range from shopping, travel, dining and health services. You can use your points in various partner establishments.
When it comes to convenience, you can enjoy easy access to your Visa account anywhere you are. You can manage your card through online banking. This offers a convenient way to check your credit balance, make payments and other monitoring tasks you want to perform.
Another mode of payment that makes this card convenient is when it comes to ease of transaction is the contact free transaction feature. Just add your account to Apple Pay, Google Play, and Samsung Pay.
You can also get supplementary cards for your family.
How to Get an HSBC Purchase Plus Credit Card
If you are interested in applying for the card, it's pretty simple. You can certainly do so via the HSBC website or branch application. Just make sure that you are a UK resident who is 18 years old and above.
If you live in the Channel Islands and the Isle of Man, you cannot apply online and the best way to go is through branch visits. Moreover, keep in mind that the bank does not allow availing this credit card if you are an HSBC Basic Bank Account holder.
This card allows an assumed credit limit of GBP 1,200 but this is subject to status and affordability as well as terms and conditions.
What are the Fees for the HSBC Purchase Plus Credit Card
One of the best things about this card is its affordability. You can register for an account without worrying about yearly expenses as you are not required to pay ANY annual fees. Once you receive your card, you can do balance transfers with 0% interest for 18 months.
However, keep in mind that a rate of 2.99% applies on a minimum of GBP 5 balance transfers made within the first 60 days of the application approval of your HSBC credit card. Within the 18-month period, you get 0% interest on purchases. After this, transfers and purchases will be charged the standard variable rate.
For your cash advances, a monthly rate of 1.941% to 2.075% and an annual rate of 25.9% to 27.9% apply. Failing to pay your dues on time will result in a £12 late payment fee.
Monthly Fee: £0
Interest: 22.9% (variable)
Cash Withdrawal Fee: £0
Late Fee: £12
How to Contact HSBC UK
1 Centenary Square
Birmingham, B1 1HQ
Telephone: 03457 404 404 (or +44 1226261 010 if you're dialing from abroad)
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.