Student Credit Card

Purchases

HSBC Student Credit Card new cardholders get a standard variable rate - representative 18.9% APR variable.

Representative 18.9% APR variable. 

Managing your card

Online Banking is a convenient way to manage your card. It lets you check your credit card balance, make payments and stay in control. 

24 hour worldwide assistance

Day or night, help is always at hand if your card is lost or stolen. Wherever you are in the world you can speak to our dedicated team about getting an emergency cash advance.

Up to £500 credit available

Not only does a card offer a convenient way for you to pay between student loans but, if you use it sensibly and clear your balance each month, it could show you are a responsible borrower which may help to improve your future credit rating. 

No annual fee

The HSBC Student Credit Card has no annual fee.

Before applying, please take the time to read the following. You may also want to save some of these documents for future reference. These links may allow you to access a non HSBC website. HSBC Bank plc has no control over the linked website and is not liable for the use of it.

We adhere to The Standards of Lending Practice 

The information contained in this table summarises key product features and is not intended to replace any Agreement Terms.

Interest free period

Up to 56 days for purchases when you pay your balance in full every month by the due date.

Interest charging information

You will not pay interest on purchases if you pay your balance in full and on time each month. Otherwise, the period over which interest is charged will be as follows.

Purchases, balance transfer, cash advances and cash related payments will debited from your account from the date selected until its paid in full.

Allocation of payments
If the amount you pay in a month is less than the full amount you owe, we will apply the amount you pay in the following order:

• any unpaid arrears or amounts over the credit limit;
• the amount you owe us and shown in your statement;
• any transactions, interest or charges not yet included in a statement.

We will apply your payment first to amounts on your account which we charge at the highest interest rate followed by amounts we charged at lower interest rates. In each case, interest and charges are paid off first. If some amounts are charged at the same interest rate, we will apply your payment to the oldest amounts first.

For further details, please refer to your Credit Card Terms and Conditions (PDF) 

Credit Limit
Minimum credit limit - £500

Maximum credit limit - subject to status

Fees
No annual fees

Charges
Cash fees - 2.99% of the cash advance or cash related payment, minimum £3

Balance Transfers - 1.4% of each balance transferred within 60 days of account opening, minimum £5
2.9% of the balance transferred after 60 days from account opening, minimum £5

Foreign Usage
Payment Scheme Exchange Rate: To find out more visit the Visa Rates website

Dependent upon the type of transaction you undertake, one or more of the following will apply:

• Non-Sterling Transaction fee - 2.99% of the Sterling amount of the transaction
• Cash Fee - 2.99% of the amount advanced, minimum £3.00

Default charges
For paying late - £12

For going over your credit limit - £12

For payments which are returned unpaid - £5

For enforcing repayment, including legal and tracing costs - Our reasonable costs

Repayments
Illustative example including introductory rates is set out below (for a purchase of £500 on your HSBC Bank Student Credit Card).

The above example assumes the following: the transaction takes place on 1st January and you make no further transactions; you always make the payment on the 15th; your statement is produced 31 days after you make the purchase; interest is calculated based on the typical 18.9% APR variable rate, and introductory rates are included.

We recommend that you pay more than the minimum payment whenever possible. If you make only the minimum payment each month, it will take you longer and cost you more to clear your balance, as shown in the example above.

Recurring transaction
A recurring transaction, sometimes called a continuous payment authority, is a series of payments collected with your agreement from your card by a retailer or supplier (for example, breakdown cover). This is an agreement between you and the retailer. The Direct Debit Guarantee does not cover these transactions.