When you’re a student, it can be very difficult to get the funds that you need for school. This is why many students go for student credit cards to help them finance their studies.
While it is a good idea to have a student credit card so understand financial management and responsibility at an early age, it is challenging to find a solid credit card that will fit your needs. This is why the HSBC Student Credit Card is the best choice.
If you want to learn more about the HSBC Student Credit Card, check out the article below to find out. You’ll also learn how to apply for the HSBC Student Credit Card.
Discover the HSBC Student Credit Card
The HSBC Student Credit Card is focused entirely on making your student life a lot easier.
It features tons of benefits that you will surely love as a student trying to make it out of college.
The card also lets you become a more responsible credit card owner while letting you enjoy the perks of having a credit card with very few consequences.
Perks and Benefits of the HSBC Student Credit Card
With the HSBC Student Credit Card, you immediately get up to £500 worth of credit limit. Take note that this will depend on your situation upon application for the card.
The HSBC Student Credit Card can be used in many countries all over the world or where Mastercard and Visa is accepted.
Download the HSBC Mobile Banking App
Download the mobile banking app and connect the card to your account to make it easier to manage your transactions. It can also be used as your digital wallet if you want to make purchases on the go.
Speaking of purchases, you can bet that the HSBC Student Credit Card protects any purchases and other transactions made with the card.
Make Contactless Payments
With the HSBC Student Credit Card, you can also make contactless payments by simply tapping the card on the terminal.
No need to give your card to the clerk. It is much safer to handle a transaction this way. Additionally, all of your transactions are reflected on the app once the purchase or transaction has been completed.
Best Way to Build Credit
For many students, building credit is not yet part of their life goals. Those who want to start building their credit score while they are still studying can use the HSBC Student Credit Card to do so.
By simply making payments on time and staying within the credit limit, you start to build a future with your credit score.
This will give you more opportunities for better credit cards and interest rates in the future.
Interest Rates and Other Fees
The HSBC Student Credit Card has no annual fee. It has an interest rate of 18.9% variable for purchases based on an assumed credit limit of £500.
By using the mobile banking app, you can check for more information on your transactions based on the interest rates that you have during your application.
How to Apply for an HSBC Student Credit Card
You can apply for the HSBC Student Credit Card in two different ways. You can check the official website to apply online or visit your nearby HSBC branch to apply personally.
If you apply personally, you should bring your mobile phone with you or any mobile device, as it will be much easier to assist you when you have one.
Become Eligible for the HSBC Student Credit Card
To be eligible for this credit card, you need to be over 18 years of age, have an HSBC Student Bank Account, and have been a UK resident for at least 3 years.
You must also be ready to provide any document that proves you are currently a student in the UK.
Applying Online
Requesting your own HSBC Student Credit Card is fairly simple. All you need to do is fill out the online application form found on their website.
Remember, you can only open a student bank account when you have a confirmed place to study.
If you already have an HSBC bank account, you can simply upgrade to the student bank account when you know your place of study.
Contact Details
If you need assistance with application or you have further questions about the card, you can call their customer service department through the numbers – 03457 404 404.
You can also use the mobile banking app to contact the customer service department. Visit their main office located at 1 Centenary Square, Birmingham, B1 1HQ, United Kingdom.
Things to Remember When You Have the HSBC Student Credit Card
Having a credit card does not immediately mean that you are financially independent.
As a student, you still need to be very careful with your finances, even if your parents are willing to pay for your credit card bills.
Here are some of the things that you need to remember when you have the HSBC Student Credit Card.
Know Your Credit Limit
Not everyone will get the £500 credit limit when they first apply for the card. It is always best to know your credit limit and understand that the credits are used only during emergencies.
Try to stay within your current credit limit to avoid additional fees and negatively impacting your credit score.
Use Your Card Responsibly
Even if you do get a very high credit limit, you should still be very careful in using the card. Try not to overspend or use your credit limit for recreational or entertainment purposes.
This will immediately drain your credit limit and cause you to pay more on your bill. Avoid getting tempted to spend more than what you can pay.
Conclusion
The HSBC Student Credit Card is a great starter credit card for those who want to build their credit at an early age.
This can also prove to be a very useful financial tool for students who want to make it out of college with better financial responsibility and management skills. Don’t forget to check out the HSBC Student Credit Card and apply for one today!
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
