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HSBC Classic Credit Card

1 review

Purchase rate

23.99% p.a.

Balance transfer

4.99% 15 months
4.99% Complete (success)
reverts to 25.99% p.a. No BT fee

Annual fee

$79 p.a.
79% Complete (success)

Pros

0% p.a. interest free from 3 to 60 months on purchases over $500 at more than 1000 retailers including Stratco, and Bing Lee.

$0 additional cardholder fee

Cons

$30 late payment fee

High interest rates

HSBC Classic Credit Card

The HSBC Classic Credit Card gives you 3 to 60 months interest-free credit on purchases over $500 at major retailers like Stratco and Bing Lee. Minimum monthly repayments apply. The card comes with an annual fee of $79 and an additional cardholder at no extra cost.

Key features

  • 0% p.a. interest-free shopping from 3 to 60 months on purchases over $500 at major retailers like Stratco and Bing Lee. Minimum monthly repayments apply.
  • $79 annual fee
  • $0 additional cardholder fee
  • 4.99% p.a. balance transfer for 15 months
0% of customers who have rated this card would recommend it
  • Rates
    21%
  • Fees
    20%
  • Rewards
    N/A
  • Customer Service
    41%
  • Value
    51%
Overall user rating 27%
1 reviews
Interest Rates
Purchase rate 23.99% p.a.
Cash advance rate 25.99% p.a.
Interest free on purchases up to 55 days
Balance Transfer
Balance transfer rate 4.99% p.a. for 15 months
Balance transfer fee No fee
Balance transfer revert rate 25.99% p.a.
Balance transfer limit 100% of your approved new credit limit
Balance transfer from personal loan No
Banks you can't balance transfer from HSBC
Credit limits
Minimum credit limit $1,000
Maximum credit limit $60,000
Fees & repayments
Annual fee $79 p.a.
Additional cardholder fee Up to 1 - $0 p.a.
Cash advance fee 3%
Foreign transaction fee 3%
Minimum repayment 3%
Late payment fee $30
Credit card type Visa
Complimentary insurance
Flight inconvenience insurance No
Transport accident cover No
Smartphone screen insurance No
Purchase protection insurance Yes
Extended warranty insurance Yes
Rental vehicle excess cover No
Extras
Up to 60 months interest free finance at over 1,000 retailers
Eligible with Apple Pay

The HSBC Classic Credit Card

Helping cardholders to save on their everyday card spending, the HSBC Classic Credit Card offers such features as 0% p.a. interest free shopping at a wide range of retailers, plus Instant Savings at more than 4,500 participating partners. New cardholders can also benefit from 4.99% p.a. on balance transfers for 15 months, and access to complimentary insurance covers.

What we love...

As a shopper’s credit card, the HSBC Classic Credit Card provides some great ways to save when using the card day-to-day. First up, the card’s 0% interest free feature. When making a purchase over $500 at participating retailers, you can benefit from 0% p.a. over a period of 3 to 60 months. This can provide a great way to save on interest as you pay off your purchase over time.

There are more than 1,000 retailers to choose from, including big names such as Stratco and Bing Lee. Planning a trip? If you book with TravelOnline and Hello World, you could book your adventure and then pay off your travel costs off over a period of time, while paying zero interest. Minimum monthly payments are required.

HSBC Instant Savings offers another way to save. By providing cardholders with complimentary membership to Frequent Values by Entertainment Publications, they can save instantly at more than 4,500 participating partners.

Got an existing credit card balance you want to pay down? The HSBC Classic Credit Card can help with that too. As a new cardholder, you could take advantage of 4.99% p.a. on balance transfers for 15 months. This offer is only valid for balances transferred from non-HSBC cards, and application must be made through HSBC’s Credit Cards Online using the promotional code 01R3M7.

On top of all that, you can benefit from up to 55 days interest free on purchases when you clear your balance by the due date, and access to the card’s complimentary insurances, which include Guaranteed Pricing Insurance, 90 Day Purchase Protection Insurance and Up to 12 Months Extended Warranty Insurance.

What’s not so great...

Before applying for the HSBC Classic Credit Card, it’s worth taking note of the card’s purchase rate and cash advance rate. These rates are relatively high, so if you carry a balance, it could end up costing you. If you take advantage of the card’s 0% interest free feature, be sure to pay it off within the time allotted, as any balance left remaining reverts to the cash advance rate.

Why should you choose this card?

As long as you avoid paying interest on your balance – either by using the card’s 0% interest free feature or up to 55 days interest free on purchases – the HSBC Classic Credit Card could be a great addition to your wallet. It has a reasonable annual fee, and you can add an additional cardholder to the account at no extra cost.

Its minimum income requirement is also pretty low, with applicants required to be over 18, with a good credit rating and a minimum annual income of $20,000. For this, cardholders can benefit from a range of handy features, some good ways to save on interest, and customisable card controls with HSBC’s My Card Controls.

Overall Rating

The HSBC Classic Credit Card offers interest free shopping at participating retailers, Instant Savings with card partners, and 4.99% p.a. on balance transfers for 15 months.

(showing the latest 10 Q&As)

  • Be over 18 years old
  • Good credit and not applied for multiple credit cards recently
  • Resident or citizen of Australia. Temporary residents are eligible.
  • Minimum income of $20,000 p.a.
  • You have your personal details ready to complete the online application
HSBC Classic Credit Card
HSBC Classic Credit Card

HSBC Classic Credit Card

Updated 30 April 2019

Purchase Rate (p.a)

23.99%

Balance Transfer (p.a)

4.99% for 15 months No BT fee. reverts to 25.99% p.a.

Annual Fee (p.a)

$79

$0 over 15 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 0% p.a. interest free from 3 to 60 months on purchases over $500 at more than 1000 retailers including Stratco, and Bing Lee.
  • $0 additional cardholder fee

  • $30 late payment fee
  • High interest rates

Creditcard.com.au review

Editor Review

The HSBC Classic Credit Card

Helping cardholders to save on their everyday card spending, the HSBC Classic Credit Card offers such features as 0% p.a. interest free shopping at a wide range of retailers, plus Instant Savings at more than 4,500 participating partners. New cardholders can also benefit from 4.99% p.a. on balance transfers for 15 months, and access to complimentary insurance covers.

What we love...

As a shopper’s credit card, the HSBC Classic Credit Card provides some great ways to save when using the card day-to-day. First up, the card’s 0% interest free feature. When making a purchase over $500 at participating retailers, you can benefit from 0% p.a. over a period of 3 to 60 months. This can provide a great way to save on interest as you pay off your purchase over time.

There are more than 1,000 retailers to choose from, including big names such as Stratco and Bing Lee. Planning a trip? If you book with TravelOnline and Hello World, you could book your adventure and then pay off your travel costs off over a period of time, while paying zero interest. Minimum monthly payments are required.

HSBC Instant Savings offers another way to save. By providing cardholders with complimentary membership to Frequent Values by Entertainment Publications, they can save instantly at more than 4,500 participating partners.

Got an existing credit card balance you want to pay down? The HSBC Classic Credit Card can help with that too. As a new cardholder, you could take advantage of 4.99% p.a. on balance transfers for 15 months. This offer is only valid for balances transferred from non-HSBC cards, and application must be made through HSBC’s Credit Cards Online using the promotional code 01R3M7.

On top of all that, you can benefit from up to 55 days interest free on purchases when you clear your balance by the due date, and access to the card’s complimentary insurances, which include Guaranteed Pricing Insurance, 90 Day Purchase Protection Insurance and Up to 12 Months Extended Warranty Insurance.

What’s not so great...

Before applying for the HSBC Classic Credit Card, it’s worth taking note of the card’s purchase rate and cash advance rate. These rates are relatively high, so if you carry a balance, it could end up costing you. If you take advantage of the card’s 0% interest free feature, be sure to pay it off within the time allotted, as any balance left remaining reverts to the cash advance rate.

Why should you choose this card?

As long as you avoid paying interest on your balance – either by using the card’s 0% interest free feature or up to 55 days interest free on purchases – the HSBC Classic Credit Card could be a great addition to your wallet. It has a reasonable annual fee, and you can add an additional cardholder to the account at no extra cost.

Its minimum income requirement is also pretty low, with applicants required to be over 18, with a good credit rating and a minimum annual income of $20,000. For this, cardholders can benefit from a range of handy features, some good ways to save on interest, and customisable card controls with HSBC’s My Card Controls.

Overall Rating

The HSBC Classic Credit Card offers interest free shopping at participating retailers, Instant Savings with card partners, and 4.99% p.a. on balance transfers for 15 months.

User reviews

HSBC Classic Credit Card ( based on 1 Creditcard.com.au user review )

27% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates

Purchase rate 23.99% p.a.

Cash advance rate 25.99% p.a.

Interest free on purchases up to 55 days

Balance transfer

Balance transfer rate 4.99% p.a. for 15 months

Balance transfer revert rate 25.99% p.a.

Balance transfer from personal loan No

Balance transfer fee No fee.

Balance transfer limit 100% of approved credit limit

Banks you can't balance transfer from HSBC

Credit limits

Minimum credit limt $1,000

Maximum credit limit $60,000

Fees & repayments

Annual fee $79 p.a.

Additional card holder fee Up to 1 - $0 p.a.

Foreign transaction fee 3%

Minimum repayment 3%

Cash advance fee 3%

Late payment fee $30

Additional features

Complimentary insurance

Overseas travel insurance No

Flight inconvenience insurance No

Transport accident cover No

Smartphone screen insurance No

Purchase protection insurance Yes

Extended warranty insurance Yes

Rental vehicle excess cover No

Extras

Up to 60 months interest free finance at over 1,000 retailers

Eligible with Apple Pay

Overview

HSBC Classic Credit Card

The HSBC Classic Credit Card gives you 3 to 60 months interest-free credit on purchases over $500 at major retailers like Stratco and Bing Lee. Minimum monthly repayments apply. The card comes with an annual fee of $79 and an additional cardholder at no extra cost.

Key features

  • 0% p.a. interest-free shopping from 3 to 60 months on purchases over $500 at major retailers like Stratco and Bing Lee. Minimum monthly repayments apply.
  • $79 annual fee
  • $0 additional cardholder fee
  • 4.99% p.a. balance transfer for 15 months

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Resident or citizen of Australia. Temporary residents are eligible.

  • Minimum income of $20,000 p.a.

  • You have your personal details ready to complete the online application

Roland B Bleyer

Roland B Bleyer founded creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

(showing the latest 10 Q&As)

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