The HSBC Purchase Plus Credit Card stands out by offering up to 20 months interest-free on purchases and up to 17 months of 0% on balance transfers. The card has no annual fee, making it an attractive choice for those seeking flexible spending power. You should note, however, that a representative variable APR of 24.9% applies after the promotional period and the standard credit limit assumption is £1,200. To access the balance transfer offer, transfers must be made within the first 60 days, and a 3.49% fee (minimum £5) is charged per transaction.

How to Apply: Step-by-Step

Applying for the HSBC Purchase Plus Credit Card is straightforward. Start by ensuring you meet the eligibility: be over 18, UK resident, and earn at least £6,800 annually.

Visit the provider’s site or their mobile banking app to begin your application. New customers will need to provide basic personal and financial details.

If you are already an HSBC customer, you can log in to online banking or use the app for a quicker application process. Branch applications are also possible if you prefer in-person support.

You may be asked for additional documentation to verify your identity and income. Once submitted, the bank reviews your application and provides a decision, often within minutes.

After approval, your new card is posted to your home address, and digital wallets can be set up immediately for fast spending access.

Key Pros

One of the biggest advantages is the lengthy 0% interest period on both spending and balance transfers. This allows you to spread large purchases or clear existing debts at no extra cost if paid in full before the offer ends.

Additionally, the absence of an annual fee keeps ongoing costs down. The card also includes perks like purchase protection under Section 75 and worldwide acceptance on Visa/Mastercard networks, making it flexible for travel and online shopping.

Main Cons

Despite the appealing introductory rate, the standard APR of 24.9% variable may be high for some users if you end up not clearing your balance during the promotional period.

There’s also a balance transfer fee of 3.49%, which adds to upfront costs. Finally, not everyone will qualify for the longest introductory periods, as offers are subject to status and HSBC’s credit check assessment.

Our Verdict

The HSBC Purchase Plus Credit Card is a top option for those wanting to spread purchases or transfer balances interest-free over an extended timeframe. It’s straightforward and offers strong consumer protection and useful digital banking options. As always, it’s best for those who can repay in full before the introductory period ends, otherwise, the standard rate applies. For a no-fee card with a long 0% term, it earns our recommendation—just be mindful of the balance transfer fee and eligibility criteria.