If you are an existing HSBC account customer, this card may be the most ideal one for you. It ticks all the important boxes in terms of discounts and rewards.
Additionally, if your primary focus is to clear all existing credit card debts and spread the cost of a large upcoming purchase, it comes highly recommended.
The card also offers plenty of traveling benefits and reward programs for its customers. Read on to learn more about the HSBC Premier credit card, and how you can apply for it.
0% Interest Rate on Balance Transfers
The card offers a 0% rate on all balance transfers that are done within 60 days of getting the card. A 1.4% balance transfer rate, however, applies to each transfer made, the minimum of which is £5.
In addition to this, you will also enjoy a 0% interest rate on purchases for 9 months after account opening.
Rewards Points
You will earn 1 point for every £1 you spend in Sterling, and also 2 points for every £1 you spend in other currencies. Every 2 points are equivalent to 1 frequent flyer mile from the select partner airlines.
The card will give you 2 years extended warranty, from Domestic & General Insurance PLC, on all select household appliances.
Free and Unlimited Wi-Fi
You can take advantage of unlimited and secure Wi-Fi in over 1 million hotspots across the world. You will be able to connect up to 4 different devices at select hotels, airports, and more locations. All you have to do is sign up using your Premier Credit Card.
Eligibility Criteria
To be eligible for the card, you must already have an HSBC account, and you must be a permanent resident of the UK. You must also be over 18 years old, and you must have had an address for the last 3 years.
How to Apply
Before you apply, please note that this card is only available to existing HSBC Premier bank account holders only. You can apply for the card online if you have already registered for online banking, or through the mobile app, or in person at the branch.
Once you apply and are approved for the card, you will receive it in the mail in 2 weeks’ time. In order to apply, you will need to provide your name, permanent address, income information, and expenses.
You will also need to provide any payments you are currently making, your email address, and your telephone number.
Interest Rates and Fees
The HSBC Premier Credit Card is a solid option that is great for those who are already an HSBC member. This card attracts the following fees and charges, which you need to consider before applying.
- Representative APR: 18.9% variable
- Purchase APR: 18.9%
- Cash advance APR: 18.9%
- Balance transfer APR: 18.9%
- No annual fee
- Cash advance fee: 2.99% of the cash advance or cash related payment, minimum £3
- Balance transfer fee: 1.4% of each balance transferred within 60 days of account opening, minimum £5
- Non-Sterling Transaction fee: 2.99% of the Sterling amount of the transaction
- Foreign cash fee: 2.99% of the amount advanced, minimum £3.00
Contact Information
If you would like to get in contact with an HSBC representative, you can reach them by calling +44 020 7991 18888. Their mailing address is HSBC Building, At. 8 Canada Square, London E14 5HQ, United Kingdom.
Conclusion
For people who travel a lot, this could be a good card for you, mostly because you are able to redeem the points for frequent flier miles and end up saving quite a bit of money on plane tickets.
Note: There are risks involved when applying for a loan. Consult the lender’s terms and conditions page for more information.
