HSBC Classic Credit Card
Representative APR
29.9% APR (variable)
Purchases
29.90% (variable) p.a.
Balance Transfers
29.90% (variable) p.a.
Account Fees
£0
Representative Example:
At an assumed credit limit of £1,000, with a purchase rate of 29.90% (variable) p.a., most accepted customers get a rate of 29.9% APR (variable).
Editor’s Note: While we always aim to give you accurate product information at the point of publication, rates, prices, terms and promotions can always be changed by the provider afterwards and without notice, so be sure to double check first.
Our Verdict
The HSBC Classic credit card is a straightforward credit builder card offering basic features with no annual fees. It’s designed for individuals looking to establish or improve their credit history responsibly.
Important: The information contained in this table summarises key product features and is not intended to replace any terms and conditions from the card issuer.
Product Features & Benefits
| Issuer | HSBC |
|---|---|
| Network | Visa |
| Primary Category | Purchases |
| Loyalty Scheme | |
| Incentive on opening | This credit builder card has no annual fee and offers a credit limit of up to £1,000. HSBC also has ongoing offers and discounts with selected retailers, so it’s worth checking what’s available once your card is active. |
| Cashback/Rewards (if applicable) | No cashback scheme |
| Account Fee | £0 |
| Purchases | 29.90% (variable) p.a. |
| Purchases Interest Free Period | 56 days |
| Balance Transfers | 29.90% (variable) p.a. |
| Balance Transfer Fee | 0.00% |
| Cash Advances | 35.90% (variable) p.a. (fees apply) |
| Minimum Credit Limit | £ 250.00 |
| Maximum Credit Limit | Subject To Status |
Fees & Charges
| Account Fee | £0 |
|---|---|
| Late Payment | £ 12 |
| Returned Payment | £ 5 |
| Exceed Limit | £ 12 |
| Duplicate Statement | £ 0 |
| Replacement Card | £ 0 |
| Trace Fee | £ 0 |
| Cash Withdrawal Fee | 2.99% |
| Cash Withdrawal Minimum Charge | £ 3 |
| Foreign Usage EU | 2.99% |
| Foreign Usage World | 2.99% |
Application Requirements
| Availability | Available to new customers and hold an active HSBC current account (excluding Basic Bank Account) |
|---|---|
| Minimum Income | £ 6,800 |
| Minimum Age | 18 |
| Residency | Permanent resident in the UK. |
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34.4% Representative APR (variable)
Mintify Limited, trading as Mintify, is an Introducer Appointed Representative of Creditec Limited who acts as a credit broker, not a lender.
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