HSBC Credit Cards – Complete Guide on How to Apply for a Credit Card

When it comes to choosing between different financial products, it all depends on what you want. We found that HSBC offers several credit cards with friendly APRs and innovative rewards programs.

With that in mind, we will do our best to highlight the options that HSBC offers and allow you to make a choice. Let’s get started!

  • The History of HSBC
  • What Credit Cards Does HSBC Offer?
  • Balance Transfer Card – 0% Balance Transfer APR for First 25 Months
  • Purchase Plus Credit Card – Friendly Cashback Program
  • Rewards Credit Card – Pay with Mastercard Rewards Program
  • Classic Credit Card – For Improving Your Credit Rating
  • Premier Credit Card – Perfect for Those Who Travel a Lot
  • World Elite Mastercard – For Frequent Flyers
  • Student Credit Card – For Unexpected Expenses
  • How to Contact HSBC
HSBC Credit Cards - Complete Guide on How to Apply for a Credit Card
Image Source: Financial Times

The History of HSBC 

Before we get into the credit cards that this bank offers, it is essential to dive into its history. It was founded in 1865, when Hong Kong was under the British Empire.

HSBC Credit Cards - Complete Guide on How to Apply for a Credit Card
Image Source: Computerworld

It was imagined as a financial institution that would enhance economic cooperation and ease payments between China, India, and Europe.

Today, it is the largest bank in Europe, with global revenue of more than $2.7 trillion. Furthermore, Forbes proclaimed HSBC as the sixth-largest public company back in 2014. 

Today, it has just below 4,000 offices and does business in more than 60 countries worldwide.

Listed on Multiple Exchanges

Looking at the stock market, HSBC is present on both the Hong Kong Exchange and the London Exchange. 

While these are its primary market listings, it is also present on the New York Stock Exchange (secondary listing).

What Credit Cards Does HSBC Offer?

One of the most excellent points of going with HSBC is that it provides a wide array of financial services.

HSBC Credit Cards - Complete Guide on How to Apply for a Credit Card
Image Source: NIC HSBC

When it comes to credit cards, there are several options, including cards that are perfect for anyone who enjoys traveling and wants to reap accommodation discounts and other rewards.

Furthermore, this bank offers products that are suitable for apprentices and students. 

Most importantly, it comes at a friendly annual percentage rate, which is just what you might need if you are already indebted through a student loan.

Friendly APRs and Fees

HSBC knows that fees are a heavy burden for credit card users. 

This is the reason why this bank ensures that there are a couple of options that are highlighted by an interest-free introductory period. 

There are also intro bonuses that are determined by your spending in the first several months.

Balance Transfer Card – 0% Balance Transfer APR for First 25 Months

We see this credit card as an excellent choice if you want to consolidate your budget and settle your debts.

HSBC Credit Cards - Complete Guide on How to Apply for a Credit Card
Image Source: HSBC UK

It is highlighted by a 25-month interest-free introductory period on all balance transfers that are made within the first 60 months. 

Yes, there is a 2.85% fee, but this is much more affordable than a typical APR of 21.9%. These innovative and friendly features are also compatible with Apple Pay and come with no annual fee. 

Not only that, but you won’t pay any interest on purchases that you make during the first 90 days. Other than that, the annual percentage rate is set at 21.9%.

How to Apply

The application process is quite simple. First, you will want to make sure that you are eligible by being over 18 years old and not holding a basic HSBC bank account. 

Along with that, you should have a minimum annual income of 6,800 GBP and be a UK resident. 

The application is made by filling an online inquiry, after which you should receive a decision within minutes. 

Purchase Plus Credit Card – Friendly Cashback Program

The Purchase Plus card is similar to the Balance Transfer card regarding an 18-month interest-free period for purchases and balance transfers.

HSBC Credit Cards - Complete Guide on How to Apply for a Credit Card
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Also, it is highlighted by an annual fee of 0 GBP, and you will enjoy maximum flexibility when it comes to making contactless payments and enjoying 24/7 assistance.

Among the key points is that this credit card offers a social rewards program that you can enjoy in a wide array of retail shops and grocery markets. 

Furthermore, as a Visa, you will find that it is accepted in more than 200 countries worldwide.

How to Apply

As for the application process, the requirements are almost the same as with the aforementioned card. 

You must be at least 18 years old, a UK resident, and have a credit score that is between good and excellent. 

Also, an annual income of at least 8,500 GBP is required. You can apply through a phone call, at a branch, or through the online form

Rewards Credit Card – Pay with Mastercard Rewards Program

You must have an HSBC Advance Bank Account to apply for this credit card, or you must have deposited at least 1,750 GBP in a basic account throughout the last six months.

HSBC Credit Cards - Complete Guide on How to Apply for a Credit Card
Image Source: HSBC UK

It is highlighted by an annual percentage rate of 21.9% and an interest-free period on all purchases and balance transfers for the first six months. 

The most relevant perk is that you won’t pay foreign transaction fees. When it comes to balance transfers or cash advances, the fee is set at 10 GBP or 4%, whichever is greater. 

The rewards program is incredible, as you will get up to 10 points for every GBP spent. Keep in mind that 100 points equal a single GBP when you redeem and pay through the program.

How to Apply

Additionally, there is a 2,500-point introductory bonus after the first transaction and another 2,500 after you have spent 10,000 GBP. 

Apart from the Advance account or the deposited 1,750 GBP, it would help if you were a UK resident who is at least 18 years old

Additionally, you must have a minimum annual income of 6,800 GBP. You can apply through a simple online inquiry at the HSBC official website.

Classic Credit Card – For Improving Your Credit Rating

If you are looking for a credit card that can help you rebuild your credit score, this Classic card is a perfect choice.

HSBC Credit Cards - Complete Guide on How to Apply for a Credit Card
Image Source: Ktudo

Yes, it has a high APR of 29.9%, but by showing the bank that you can cover these payments, you will be able to apply for credit that is higher than 1,000 GBP. 

Fortunately, there is no annual fee. On the other hand, there isn’t an introductory bonus or interest-free period, either, as all APRs (purchase, balance transfer, cash advance) are set at 29.9%. 

However, this credit card is a fantastic choice for enjoying Visa-related discounts and special promotions. 

How to Apply

The application is straightforward

The first step is to check whether you meet all the criteria, including being at least 18 years old, being a UK resident, and having a current HSBC account. 

Not only that, but you must have a minimum income of 6,800 GBP per year. You can apply at a branch, on the phone, or via the website inquiry

Premier Credit Card – Perfect for Those Who Travel a Lot 

The first requirement that you need to meet to apply for this card is to have an HSBC Premier Account.

HSBC Credit Cards - Complete Guide on How to Apply for a Credit Card
Image Source: HSBC UK

If you do, you will enjoy a set of travel perks, accommodation discounts, and a hefty cash rewards program. What we found is that it offers 10% coupons for thousands of hotels around the globe.

Additionally, it supports free WiFi in more than 1 million hotspots for up to four devices with just a single credit card. There is no foreign transaction fee, and the annual percentage rate is set at 18.9%.

This is quite friendly compared to the aforementioned Classic credit card. Also, you get MasterCard travel rewards and exclusive LoungeKey access.

How to Apply

The most remarkable point about the application is that there is no annual income requirement. 

You should still be a UK resident who is 18 years old or older and hold an HSBC Premier account. 

Once you apply, the decision should be with you in a few minutes.

World Elite Mastercard – For Frequent Flyers

Much like the credit card mentioned above, we found that this one is exclusive for users of the Jade program or those who hold an HSBC Premier account.

HSBC Credit Cards - Complete Guide on How to Apply for a Credit Card
Image Source: HSBC UK

Yes, the 59.3% APR looks very high, but it is variable. If you make your payments on time, you won’t be subjected to this APR. 

The first feature we enjoyed is the introductory bonus of 40,000 points as soon as you spend your first 2,000 GBP within the first three months. 

After that, you can get another 40,000 points by spending at least 12,000 GBP on travel for the next 12 months. 

How to Apply

You should know that each spent GBP earns you two points in sterling currency or four points that are non-sterling. The ratio of 1:2 is relevant for flyer miles, as well.

We were fascinated by the Mastercard Priceless Cities feature. The application process is similar to that of the Premier Credit Card.

You need to be an HSBC Premier/Jade account holder, as well as a UK resident who is at least 18 years old. Fortunately, there are no minimum income requirements.

Student Credit Card – For Unexpected Expenses

Suppose you have an existing HSBC Student Account and want a credit card to help you deal with loan consolidation and unexpected expenses. In that case, this card is a great cImage Source: Aoice.

HSBC Credit Cards - Complete Guide on How to Apply for a Credit Card
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Highlighted by no annual fee and a friendly 18.9% APR, there aren’t any hidden charges that will break your budget.

The point that we were most happy about is that there is a 500 GBP credit line permitted

This Visa card also follows the latest technology, as it supports contactless payments and the Apple Pay mobile service. 

How to Apply

The only essential requirement is that you are at least 18 years old and a UK resident. 

Also, you can’t have this credit card without having an HSBC Student Account. 

Given that the in-branch applications are currently limited due to the pandemic, it might be better to apply through the online inquiry. 

How to Contact HSBC

What good are attractive credit card options if the bank doesn’t offer adequate customer support

HSBC Credit Cards - Complete Guide on How to Apply for a Credit Card
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HSBC knows that very well, and they do their best to provide a detailed FAQs page to address any issue that you might have.

You can call HSBC from 8:00 am to 8:00 pm every day at 03457 404 404 if you are inside the UK or +44 1226 261 010 if you are outside the UK. 

Their live chat service is available 24/7, and it is present on their official website and mobile banking app. 

Nearby Branches

Although the pandemic is still active, HSBC is following safety guidelines and is open for customers when it comes to urgent issues.

Thus, here is a list of the nearest branches that should help you with in-person support if needed.

Summary

It all comes down to what you are looking for. HSBC is a fantastic bank that offers friendly credit cards with travel perks, budget-friendly fees and charges, and contactless payment technology

Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.