The HSBC Purchase Plus Credit Card

Get up to 20 months 0% on purchases and up to 17 months 0% on balance transfers (fee applies). No annual fee.

CREDIT CARD

HSBC Purchase Plus

0% interest No annual fee

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This is the ultimate financial powerhouse because it gives you one of the longest 0% interest periods on new purchases AND existing balance transfers, offering unparalleled breathing room to spread costs and clear debt without paying a penny in interest!

Prepare to experience financial control like never before with the amazing HSBC Purchase Plus Credit Card! This card is the perfect all-rounder, expertly engineered for savvy UK consumers who need maximum flexibility to manage both new, large expenditures and existing, high-interest credit card debt. Simultaneously, you can tackle old debt with up to 17 months of 0% interest on balance transfers! It’s the simple, fee-free solution (no annual fee!) that gives you the time and space needed to get your finances perfectly organised and start saving serious money on interest charges!

Discover The HSBC Purchase Plus Credit Card

Pros 

• Long 0% Purchase Period: Enjoy up to 20 months of interest-free credit on all new purchases (subject to status).
• Extended 0% Balance Transfer: Benefit from up to 17 months of 0% interest on transferring existing debt (transfer fee applies).
• No Annual Fee: There are absolutely zero fees just for holding the card.
• Dual Functionality: Excellent for managing both new spending and consolidation of older, high-interest debt.
• Eligibility Checker Available: Use the free tool to check your likelihood of acceptance without harming your credit score.
• Rewards Programme Access: Benefit from discounts and cashback via the “home&Away” and “Visa Offers” programmes.
• Low Minimum Income: The minimum annual income requirement is relatively accessible (£6,800-£8,500+).

Cons 

• Balance Transfer Fee: A transfer fee (typically 3.49%) applies to any balance you move to the card.
• Foreign Transaction Fee: Spending abroad incurs a fee (typically 2.99%) for non-sterling purchases.
• Cash Advances are Expensive: Cash withdrawals incur an immediate fee (2.99%) and a very high interest rate, charged instantly.
• No Ongoing Rewards: The card is primarily a promotional tool and offers no significant rewards after the 0% period ends.
• Varying Offer Lengths: The exact 0% period you receive is subject to status and may be less than the headline “up to” rate.

Why You Should Consider This Card?

This is a tremendous opportunity to spread large costs without the crippling financial pressure of rapid repayment. By maintaining strict control and ensuring you pay the full balance of your purchase within this long promotional window, this card transforms significant expenses from daunting financial burdens into simple, manageable monthly instalments. This freedom over your cash flow is invaluable for smart, strategic spending!

Furthermore, this card provides essential dual functionality that makes it a powerful asset: not only is it a market leader for new purchases, but it also offers a generous 0% balance transfer window (up to 17 months)! This dual benefit makes it a true all-in-one solution, allowing you to simultaneously stop paying high interest on old debt from other cards and enjoy an interest-free period for any new, crucial purchases. The fact that the card carries no annual fee means that the cost of your borrowing is limited only to the single, one-off balance transfer fee (if you use that feature). Stop paying interest and start saving with the HSBC Purchase Plus Card today!