The HSBC credit-builder range offers excellent options if you’re seeking to establish or improve your credit history. It includes both the Classic Credit Card and the Student Credit Card.

The Classic Credit Card features a representative 29.9% APR (variable) and an assumed credit limit of £1,000. The Student Credit Card, targeted at university students with an existing HSBC Student Bank Account, offers a lower APR of 18.9% (variable) and a £500 credit limit.

Both cards require you to meet eligibility criteria, and credit is subject to status. Timely repayments each month can help increase your credit score over time.

How to Apply

• Check your eligibility on the HSBC website
• Complete the online application form with personal details
• Submit your identification and proof of income
• Wait for a quick approval decision
• Card is delivered if approved, ready for use

Pros

The Classic Credit Card is ideal for those with limited credit histories, offering a higher credit limit. The Student Credit Card’s lower interest rate and manageable limit ensure costs remain controlled.

Building your credit with responsible usage is straightforward. Making larger repayments than the minimum can also reduce your overall interest and boost your score.

Cons

The higher representative APR on the Classic Credit Card means balances can become costly if not fully repaid each month.

Eligibility is strict; you may not qualify if you’ve had recent credit issues or lack sufficient income.

Our Verdict

HSBC’s credit-builder cards stand out for their clear path to credit improvement, approachable limits, and easy online application. They’re excellent tools if you use them wisely and repay on time.