The HSBC Credit-Builder Credit Cards are tailored for individuals looking to improve a thin or low credit score in the UK. The Classic Credit Card offers a representative 29.9% APR (variable) with a typical credit limit of £1,000, while the Student Credit Card comes in at a lower 18.9% APR (variable) and a £500 limit. Both require eligibility and are subject to approval.

To apply, start by checking your eligibility on HSBC’s website for either the Classic or Student option. Prepare your ID and financial details, complete the online form, and submit your application. If approved, your new card will arrive by post and you can activate it right away.

How to Apply for the HSBC Credit-Builder Card

• Check HSBC’s eligibility criteria online
• Gather your ID and financial details
• Fill in the online application form
• Submit and wait for approval
• Receive and activate your card by post

Credit-Builder Pros

One stand-out benefit is that on-time repayments can quickly help raise your credit score, especially for those new to credit.

In addition, the Student Credit Card provides a lower APR option, making it an affordable way for students to access credit and build positive habits early.

Credit-Builder Cons

The main downside is the high representative APR of 29.9% on the Classic card, meaning paying off your balance in full each month is crucial to avoid hefty interest.

Also, credit limits are modest. This is good for self-control but may not suit those who need more purchasing power right away.

Our Verdict

The HSBC Credit-Builder Credit Cards are a reliable route for improving your credit profile in the UK. By sticking to timely payments and keeping balances manageable, users can see a positive impact on their credit standing. The cards are best suited for those focused on financial discipline and credit improvement goals, rather than those seeking the lowest interest rates or high credit limits.