The HSBC Purchase Plus Credit Card offers an attractive period of up to 20 months with no interest on purchases. Plus, you can enjoy up to 17 months of interest-free balance transfers, subject to a 3.49% fee (minimum £5). The representative APR is 24.9% (variable), and the typical credit limit is set at £1,200, depending on individual circumstances and eligibility.

Applying is straightforward. First, check that you meet the criteria: you must be over 18, reside in the UK, and earn at least £6,800 per year or receive a compatible pension. Begin your application online, through the HSBC app, or by visiting a branch. Online options are generally quicker and easier. New applicants will need to provide personal and income details to complete the process.

Highlights: What we like
The Purchase Plus Credit Card stands out thanks to its lengthy interest-free periods on both purchases and balance transfers, giving you plenty of breathing room for bigger buys or moving existing debt. The absence of an annual fee makes it cost-effective, and cardholders benefit from extra protections like purchase protection under section 75 and access to exclusive offers and discounts.

Downsides: Consider before applying
While the introductory 0% periods are generous, the standard APR of 24.9% (variable) may be relatively high for those carrying a balance after the promotional window ends. Additionally, balance transfers incur a 3.49% fee (minimum £5), which could add up for larger transfers. Eligibility limitations also mean not every applicant or existing HSBC cardholder will qualify.

Final verdict
The HSBC Purchase Plus Credit Card is well-suited to those planning significant purchases or looking to consolidate existing card debt with a lengthy 0% window. Its standout features are useful for savers, but consider possible fees and check eligibility before applying.