HSBC | Student credit card
18.9% Representative
Intro purchase rate: 0% for 56 months
Purchase rate: 18.9%
Representative Example: The standard interest rate on purchases is 18.9% p.a. (variable), so when borrowing £1,200 the Representative APR will be 18.9% (variable).
HSBC | Student credit card customer reviews.
1.4 out of 5 stars
Our review of HSBC | Student credit card
The HSBC Student Credit Card is only available to customers that already hold a HSBC Student Bank Account and don’t have any other student accounts elsewhere. As a bonus, if you are already registered with online banking then you can apply for the card on their website. Once accepted you will receive documentation in the post which you’ll then need to sign and send back to them for the process to be completed.
To give their customers peace of mind, HSBC offer their Student Credit Card holders access to a dedicated team that can help if the card is lost or stolen, even if it happens abroad. This means that you won’t be left stranded as you can apply for an emergency cash advance which you’ll pay back at a later date. You’ve also got control over your HSBC Student Credit Card via online banking where you can make and manage payments.
Across the board, the HSBC Student Credit Card has average scores, including their simplicity and features. When searching the web for customer reviews there are none specific to the HSBC Student Credit Card, but we can look at the reviews on HSBC as a whole. Quite disappointingly they’ve received a rating of ‘bad’ from Trustpilot with customers complaining that they’ve had problems with their online accounts getting locked and poor communication from their customer service department.
Overall verdict: Despite the poor online reviews HSBC are one of the most well-known names in banking and there are satisfied reviewers out there. The rate for the HSBC Student Credit Card is competitive and the low initial credit limit can help students to learn how to use credit responsibly.
Highlights
- Competitive representative APR of 18.9%
- Manage the card with online banking
- 24 hour worldwide assistance and HSBC Mobile Banking App
- No annual fee
- Cashback available through Visa Offers
- Up to £500 credit available
Minimum criteria
- You must be aged 18 or over
- You must have been a resident of the UK, Channel Islands or Isle of Man for at least 3 years
- You must not have a student account with another bank
- You must be/or are intending to be a university, college or part time student
- You must be able to provide proof of your educational acceptance
Fees
- Maximum APR %
- Arrangement fee: £0
- Early repayment fee: £0
- Late payment fee: £0
About HSBC | Student credit card
The HSBC Student Credit Card has an initial capped credit limit of £500, interest is charged at a representative APR of 18.9% and there is no annual fee to pay. The credit limit can be increased if you prove yourself to be responsible with credit, however this amount will depend on your personal circumstances and previous experience with credit. To apply you can complete the application online, over the phone or by attending an appointment in branch. If you want to apply online then you will need to already have a HSBC Student Bank Account and must have already registered for online banking.
There are a number of benefits that come with the HSBC Student Credit Card such as 24 hour worldwide assistance if your card is lost or stolen. Customers are also able to manage their card using online banking to check the balance and make payments.
To be able to apply for the HSBC Student Credit Card you will need to prove that you are already studying or intending to study at a university or college, either full or part-time, in the UK, Channel Islands or Isle of Man. You can do so with a letter from UCAS stating your place of education.
FCA registration
Reference No: 114216
Trading names: First Direct First Direct Classic Visa First Direc
Place of business: 8 Canada Square, London E14 5HQ
Data protection registration
Registration No: Z5734875
Data controller: HSBC BANK PLC
Address: 8 Canada Square, London E14 5HQ
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