HSBC Purchase Plus: 20 Months 0% Interest

Discover how the HSBC Purchase Plus Credit Card lets you shop interest-free for up to 20 months.

Looking for a way to avoid getting buried in interest the moment you make a purchase? The HSBC Purchase Plus Credit Card could be exactly what you need. Whether you’re planning a big buy or managing a balance transfer, this flexible card gives you room to breathe. Ever booked a holiday or replaced a broken appliance and wished for more time to pay it off? With the HSBC Purchase Plus Credit Card, you can do just that—smartly, affordably, and fee-free.

CREDIT CARD

HSBC Purchase Plus

0% interest No annual fee

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Guide to Using the HSBC Purchase Plus Credit Card

Use the HSBC Purchase Plus Credit Card for planned purchases, not random daily spending. Say you’re refurnishing your home or buying new tech—charge it to the card and enjoy up to 20 months of 0% interest. That’s nearly two years of payment flexibility without extra cost.

It’s also incredibly useful for consolidating debt. Transfer existing balances within 60 days and you’ll get 17 months at 0% interest (a 3.49% fee applies per balance, minimum £5). After these promotional windows end, a representative 24.9% APR (variable) takes effect—so set reminders and stay ahead.

💡 Quick tip: Use the HSBC Mobile Banking App to manage payments, freeze your card instantly, and get alerts on due dates and spending.

Hacks Most Cardholders Miss

• Pair this card with seasonal sales for big savings.
• Use for emergencies: With 0% interest, it’s a better buffer than a personal loan.
• Add to Apple Pay/Google Pay before your card even arrives.
• Apply balance transfers early—within 60 days—to lock in the 0% period.
• Link to cashback platforms like TopCashback to earn extra while you shop.

These small moves can stretch your savings further without breaking a sweat.

How to Maximise the Value of This Card

To get the most out of your Purchase Plus:

• Prioritise large purchases or consolidated balances.
• Pay more than the minimum monthly repayment.
• Monitor usage and set up direct debits to avoid penalties.
• Use only during the promotional periods—avoid spending once the 0% ends.

📊 Example: If you buy a £1,200 appliance and pay £60/month, you’ll be interest-free and done in 20 months—no hidden costs.

Alternatives and Complementary Cards in the UK

If you want a comparison or a card to complement it, here’s a quick overview:

If your focus is travel, cashback, or business rewards, consider pairing this card with another specialized product.

Who’s Eligible – Requirements to Qualify

To apply for the HSBC Purchase Plus Credit Card in the UK, you need to:

• Be 18 or older
• Be a UK resident
• Have a UK taxable income or pension of £6,800+ per year
• Not currently hold an HSBC Basic Bank Account

Credit is subject to status and affordability. HSBC performs a soft check initially, so checking eligibility won’t affect your credit score.

📝 Note: Promotional periods and APR rates may vary depending on your personal credit profile.

How to Apply – Step-by-Step Application Process

Applying is easy and takes only a few minutes:

1. Visit HSBC’s credit card page or open the HSBC UK Mobile App.
2. Use the soft eligibility checker (no impact on your credit score).
3. Fill in your personal details—income, address, employment.
4. Submit any required documents (proof of income or ID).
5. Get approval in most cases within 48 hours.

Once approved, your card arrives in 5-7 working days—but you can start using it digitally with Apple Pay or Google Pay right away.

FAQ – Things People Don’t Usually Ask

1. Can I use this card for travel bookings?

Yes, but keep in mind foreign transaction fees apply (typically 2.75%). It’s great for UK purchases; for travel, consider a card with no foreign exchange fees.

2. Will the interest-free periods apply again after I pay off the balance?

No, once the 20- or 17-month window ends, standard interest applies. You may consider switching cards or applying for a new promo deal in the future.

3. Can I request a credit limit increase?

Yes, once you demonstrate consistent, responsible use. HSBC reviews accounts automatically and also accepts requests.

4. What if I miss a payment?

Missing a payment could cancel your 0% interest deal and affect your credit score. Always set up auto-payments.

5. Are there any hidden fees?

No annual fee. Balance transfers do carry a 3.49% fee. Cash withdrawals are not advised due to high interest and transaction charges.

6. How does purchase protection work?

Under Section 75 of the Consumer Credit Act, purchases between £100 and £30,000 are covered if the seller misrepresents or fails to deliver.

Final Recommendation: Should You Apply?

If you’re looking for maximum flexibility without monthly stress, the HSBC Purchase Plus Credit Card is a smart choice. With up to 20 months of interest-free purchases, balance transfer capability, and no annual fee, it’s well-suited for smart planners, families, and anyone consolidating debts.

Sarah, a recent university graduate, used this card to spread out her relocation expenses without touching her savings. It gave her control, peace of mind, and a better budgeting routine.

✅ It’s ideal for medium-to-large purchases and short-term financial control—not so much for frequent travellers or rewards seekers.

👉 Want to take control of your spending? Apply online or through the HSBC app today.

CREDIT CARD

HSBC Purchase Plus

0% interest No annual fee

APPLY NOW You will be redirected