If you are a student, you might be looking for a way to save on credit card fees while still having an emergency financial back-up. Or, perhaps, you are looking for a low-risk way to begin building a credit history. Let us introduce you to a student credit card that has proven to be a top choice for these exact reasons.
The HSBC Student Credit Card comes with perks that will help any student solve unexpected issues that might come up.
Do you want to find out more about the benefits of this card? Continue reading below, where we discuss the important details of this card. In case you decide you want the HSBC Student Credit Card, we will also tell you how you can apply today.
What You Should Know About the HSBC Student Credit Card
To begin with, the HSBC Student credit card comes with no annual fee and a £500 credit limit to help you out when cash is tight. It’s a budget credit card, but a great tool to have in your arsenal.
As a student, you probably want to take advantage of any money that comes your way. When it’s time to go grocery shopping or make that big purchase you’ve been putting off, the HSBC Student Credit Card will give you cashback every time you use it. It takes the pressure off a little, knowing at least you’ll get something back when you spend.
What is more interesting is the fact that you can also make contactless transactions by adding the card to Google Pay, Apple Pay, and Samsung Pay. These platofrms simply make paying more convenient.
If you ever get held up or stuck for whatever reason, don’t worry because you can manage the HSBC Student credit card online. You can check your balance, make transactions and lock/unlock your card, all from a computer, tablet, or smartphone. This will save you from the hassle of making extra trips to the bank when you could be studying.
HSBC has a 24⁄7 customer care helpline to assist you in case you need an emergency cash advance or whatever challenge you face. Furthermore, you can use your credit card at any cash machine which displays the logo on your card.
Now let’s find out if you are eligible and how you can apply for an HSBC Student Credit Card today.
Eligibility and How to Apply
To apply for an HSBC Student Credit Card you need to be at least 18 years of age, hold an HSBC Student Bank Account, and you must have lived in the UK for at least three years.
It is important to note that you can only qualify for the student bank account once you have a confirmed place at a college or university and you must be able to produce evidence of this. However, it is possible to open a normal HSBC account and change later to the Student Account after your place of study has been confirmed.
You can apply for the student credit card online via the HSBC website. However, you must be registered for online banking. If you are not yet registered, it gives you the option to do so. You can also apply at a branch if this is easier. In this case, ensure you bring documents to support your application.
Important Fees & Charges to Consider
If you are new to credit cards, charges can easily sneak up on you. Therefore, it is important to understand and be aware of the fees associated with your student credit card account. The most common costs involved with the HSBC Student credit card are broken down below, but to get more detailed information, head to the HBSC website.
- 18.9% purchase APR
- 23.6% cash advance APR
- £0 annual fee
- £12 late payment fee
- £12 over-limit fee
- 2.99% (minimum £3) cash advance fee
Tips for Using Your Card Wisely
Getting a credit card means taking on significant financial responsibility. If you do not use your credit card wisely, you may end up harming your financial record or accumulating debt. Therefore, we have a few tips to help you use your card wisely.
When you are first starting out with a credit card, stay well within your limit. Just because you may receive a high limit does not mean that it should be used entirely. To stay safe, you should only use your credit card for purchases that you know you can pay for. In addition, it is highly important to make payments on your credit card regularly and in full. Missing payments will hurt your credit score. Further, if you do not pay your balance in full, you will accumulate interest charges on your purchases.
If you follow these tips you will start out with good credit card habits and will be able to build a strong credit history. When you get a credit card, it can be tempting to take full advantage of the extra line of credit. However, using your credit card responsibly will help you later in life.
If you are looking for a student credit card that comes with no annual fees, perks like cashback, and a handy credit limit of at least £500, you can apply for a Student credit card today. Just head to the HSBC website, where you can also learn about other offers from the HSBC bank.
Note: There are risks involved when applying for and using a credit card. Please see the bank’s Terms and Conditions document for more information.