HSBC Credit Card – $0 Annual Fee & 0% Balance Transfer
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HSBC Credit Card Information |
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| Purchase Rate (p.a.): | 16.99% p.a. |
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| Cash Advance Rate (p.a.): | 20.75% p.a. |
| Balance Transfer: | 0% for 6 months |
| Annual Fee: | $0 |
| Interest Free Days: | up to 55 days |
| Card Status: | Standard |
| Card Type: | Visa |
| Card Issuer: | HSBC |
| Apply Online for the HSBC Credit Card | |
| Find Out More about the HSBC Credit Card | |
More Information |
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| Minimum Income: | $20,000 |
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| Minimum Credit Limit: | $1,000 |
| Maximum Credit Limit: | |
Extras |
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| Complimentary Travel Insurance: | - |
| Extended Warranty Insurance: | - |
| Purchase Protection: | - |
| Personal Concierge: | - |
Rewards |
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| Rewards Program: | - |
| Rewards Program Fee: | |
| Rewards Points Per Dollar: | |
Frequent Flyer |
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| Frequent Flyer Program: | - |
| Frequent Flyer Program Fee: | |
Discover the zero annual fee HSBC Credit Card. Find out why this card is perfect for customers who clear their balance in full each month.
The HSBC Credit Card is primarily geared towards those people who pay off their balances in full each month.It also has an excellent balance transfer offer of 0% p.a. for 6 months which when combined with a $0 makes it a truly unique credit card. The key to the success of the HSBC Credit Card lies in its simplicity and above all in its $0 annual fee which is set for the life of the card.
There is no stipulation that you need to pay your balance in full every month to qualify for the zero annual fee, as there can be on some credit cards, but this is the behaviour that works best with a credit card where the annual fee is waived. This is because the purchase interest rate on most zero annual fee credit cards is on the higher side, and this is the case with the HSBC Credit Card at 16.99%.
That’s no reason to be put off, however. If the purchase interest rate is an issue, then you are most likely looking at maintaining an unpaid balance from one month to the next, in which case you would be better off paying a nominal annual fee on another credit card to secure an interest rate up to 7% lower.
Money Magazine definitely agree with the concept and value of the HSBC Credit Card, naming it Winner in their 2010 Best of the Best Awards in the category of Best Transactor Credit Card.
Key features of the HSBC Credit Card
- $0 annual fee for the life of the card
- 0% on balance transfers for the first 6 months
- Low interest rate of just 16.99% p.a. on purchases
- Interest rate of 20.75% p.a. on cash advances
- Up to 55 days interest-free period on purchases
- Access to discounts and benefits worldwide with HSBC’s Home & Away Privilege Program
- 2010 Winner of Best Transactor Credit Card in Money Magazine’s Best of the Best Awards
- Minimum income criteria of $20,000 gross
If you’re looking for a credit card that does not charge an annual fee, then you should be taking a closer look at the HSBC Credit Card.
Editors Choice: Best Credit Card Deals
| Credit Card | Card Details | Interest Rate p.a. | Cash Advance Rate p.a. | Balance Transfer Rate p.a. | Annual Fee | Interest Free Days (Up To) | |
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An excellent balance transfer offer of 1.9% p.a. for 12 months and a standard purchase rate of 12.24% |
12.24% | 17.99% | 1.9% for 12 months | $39 | 0 | |
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Excellent credit card, with a 0% p.a. for 6 months balance transfer offer, and pay $0 for the life of the card |
16.99% | 20.75% | 0% for 6 months | $0 | 55 | |
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Enjoy 1.9% p.a. for 12 months on balance transfers as well as earn 3 Skywards Miles for every dollar spent, plus all the benefits & privileges of a platinum card. |
20.74% | 20.74% | 1.9% for 12 months | $229 | 55 |