HSBC Credit Card – 0% Balance Transfer & $0 Annual Fee

Key benefits of the HSBC Credit Card

The HSBC Credit Card is the ultimate in no-frills credit cards. You can tell by its simple title that is a straightforward piece of plastic, but what it doesn’t tell you is that there is no annual fee to pay – ever. Other cards in this category will usually announce this in their title, but the HSBC Credit Card is a modest beast. Neither are there any criteria applied to this zero fee feature. You don’t have to link the credit card to an HSBC bank account, or spend a certain amount on the card in the previous 12 months. This card simply does not charge an annual fee.

This is the ideal credit card for anyone who pays off their card balance in full every month, thus making it completely free. It would not be suited to someone who regularly carries over a debt from month to month and therefore attracts interest charges. Whilst not as high as some low/zero fee credit cards, it is still in the region that would make this a poor choice for an ongoing debt situation, where a low interest rate card would be the better deal financially, even with an annual fee.

With the HSBC Credit Card, you can enjoy up to 55 days interest-free credit on your purchases, provided you cleared your previous month’s balance in full, which makes staying on top of your finances a much easier job. You also have access to discounts and benefits anywhere in the world with HSBC’s Home & Away Privilege Program.

If you want proof that the HSBC Credit Card is a sound decision, then you need look no further than Money Magazine, which named it Best Transactor Credit Card in their 2010 Best of the Best Awards.

Applying for the HSBC Credit Card

To make an application for an HSBC Credit Card is a simple matter of filling out a secure online form, which should take no more than 10 to 15 minutes. You will need to satisfy the following criteria to apply:

• You must be at least 18 years of age
• You must possess a good credit rating
• You must be an Australian or New Zealand citizen, or a permanent resident of Australia
• You must be earning a minimum $20,000 p.a. pre-tax

And you will need to have the following information to hand:

• Your personal details, including your driver’s licence number
• Your contact details, including your email address
• Your employment details, including time in current employment
• Your financial details, including income and expenditure

Your submitted application will take between 5 and 10 working days to process.

So, if you are looking for a credit card that won’t cost you an annual fee, and does a simple job of stepping in when cash is short, look no further than the HSBC Credit Card.

Read the official terms and conditions