Many students are quite apprehensive about owning a student credit card. It's either they do not have the finances to support such responsibilities, or they don't understand the implications of starting their credit early.
Fortunately, there is a credit card that is well-suited for students, one that will help them become responsible credit cardholders and help them build their credit. The HSBC Student Credit Card is the perfect card to do so. It is straightforward and offers tons of perks and features.
There is no fear of mismanaging your finances, and the HSBC Student Credit Card assures you that you will achieve such goals. To learn more, check out the guide below and learn how to apply.
Find Out What's In Store for You with the HSBC Student Credit Card
The HSBC Student Credit Card is for students who want a simple credit card that teaches them the basics of owning a card.
Managing your finances can be very difficult if you're still young, and the best way to start your journey is with this student credit card.
Find out what's in store for you with the HSBC Student Credit Card and its perks and features down below.
Decent Credit Limit
Oftentimes, credit cards have a very high credit limit, but with student credit cards, you don't get that much.
The HSBC Student Credit Card offers up to £500 in credit, depending on your situation.
Your credit limit will be determined when you apply for the card. You need to submit certain requirements before they review and decide your credit limit.
Zero Annual Fee
Many credit cardholders are often stressed out with additional charges. One of which is the annual fee.
Fortunately, the HSBC Student Credit Card does not have any annual fee, which makes it a lot easier for young cardholders to manage their finances.
They rather focus on paying their statement every month and never have to worry about extra charges like an annual fee.
Use Your Credit Card Abroad
With the HSBC Student Credit Card, you can use the card abroad as it is supported by the Visa and Mastercard networks. You can simply use the card to make purchases or any other overseas transactions, and it will always be accepted.
Take note that there will be fees applied for non-HSBC machine,s so you need to ask the clerk first if there are any additional charges.
With this card, you can be assured that you will always have access to fund,s even when you're outside of the country.
Purchase Protection
Students often require a lot of things to purchase, and the HSBC Student Credit Card fully understands the need for protection.
This is why they offer purchase protection to all cardholders by protecting purchases ranging from £100 to £30,000.
This can be achieved if the supplier breaches a contract or there are misconceptions about the items being sold.
Interest Rates and Other Fees
While the HSBC Student Credit Card may not have an annual fee, it has specific charges you will incur. The card currently has an 18.99% APR for purchases.
You have 56 days of interest-free period that you can take advantage of. Balance transfers are at 18.9% APR as well.
The minimum monthly payment is 2.5% of the total amount borrowed with the interest added as well as default fees and 1% of the outstanding balance.
How to Apply for the HSBC Student Credit Card
Applying for the HSBC Student Credit Card is very easy. There are certain requirements and preparations you need to do before you can apply.
Aside from that, the application process is straightforward especially if you choose to apply online through their official website.
Check out what you need to do to apply for the HSBC Student Credit Card down below.
Requirements for Application
The first thing that you need to do to apply for the HSBC Student Credit Card is to have an HSBC Student account. Register an account and apply online before anything else.
You must also be 18 years old and above at the time of application and must be a resident of the United Kingdom. If you are new to the UK, you might want to choose another account to apply, such as the HSBC Bank Account for International Students, before you apply for the HSBC Student Credit Card.
There is no income requirement or credit history as part of their requirements, unlike many other credit cards.
Applying Online
To apply for the HSBC Student Credit Card, you will need to visit the official website first and log in to your account. Navigate towards the HSBC Student Credit Card homepage and review all the details.
Click Apply to begin the application process and fill out the application form with your information. Double-check everything before you proceed to submit the form. Check your email for any confirmation and wait for their approval.
Once you receive your card, you must call their customer service hotline to activate it. You can then use the card for purchases and other transactions once activated.
Contact Details
If you need assistance with your card or if you have inquiries regarding the HSBC Student Credit Card, you can contact their customer service hotline at 03457 404 404 if you're in the UK or +44 1226 261 010 if you are abroad.
You can also visit any nearby branch and speak to their representatives in person. You can download the HSBC app, enter your details, and use the Support feature to contact for support.
If you wish to visit their main office, it is at 1 Centenary Square, Birmingham, B1 1HQ, United Kingdom.
Conclusion
Most students might not be able to handle managing a credit card just yet, but if you're willing to learn - the HSBC Student Credit Card is the perfect card to introduce to you. It has all the features needed to help you become financially responsible while allowing you to enjoy your credit and build it in your younger years. Take this opportunity to apply for the HSBC Student Credit Card today!
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
