HSBC Credit Card – $0 Annual Fee

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Showing 69 Questions

1. 1
   How Much Can I Transfer? | Credit Card Finder December 3rd, 2009 at 3:09 pm

   [...] your income and expenditure and employment situation – and crucially by your credit rating. Balance transfer cards are not made available to people with poor credit scores, because credit card providers are wary [...]

2. 2
   JK Smith June 11th, 2011 at 11:09 am

   Does this card allow for free overseas travel insurance if tickets purchased with the card?

3. 3
   Allan Tonks June 13th, 2011 at 6:15 pm

   does this card offer free travel insurance if you purchase holiday with card

4. 4
   Jeremy June 14th, 2011 at 7:05 am

   Hi Allan

   Thanks for your comment.

   The HSBC Credit Card does not offer complimentary travel insurance when you purchase your holiday with the card. Complimentary travel insurance is a feature you would typically find with many Platinum credit cards.

   Thanks again for participating in the CreditCardFinder.com.au community!

   Cheers,

   Jeremy

5. 5
   Megan Hayes June 16th, 2011 at 3:25 pm

   What is the life of the card? Also what is the annual fee after that period?
   Thanks.

6. 6
   Leticia de Mesa July 2nd, 2011 at 11:19 pm

   I am looking for a Business Card, what are the requirements?

7. 7
   peter marson July 3rd, 2011 at 9:40 pm

   how do you make a payment . is it all on line

8. 8
   Jeremy July 11th, 2011 at 8:04 am

   Hi Peter

   The HSBC Credit Card comes with internet banking which allows you to make payments to your card. You also have the option of receiving a paper statement each month, with a number of payment options including BPAY.

   Cheers

   Jeremy

9. 9
   Jeremy July 11th, 2011 at 8:06 am

   Hi Leticia

   Thanks for your comment

   The application criteria varies depending on the credit card you are wanting to apply for. Check out our business credit card comparison guide.

   Cheers

   Jeremy

10. 10
    Min July 11th, 2011 at 10:14 am

    Do they offer supplementary card for family member?

11. 11
    Jeremy July 11th, 2011 at 11:24 am

    Hi Min

    Thanks for your comments

    Yes – you are able to have additional cardholders on your account. However, for each additional cardholder you will need to complete an application form.

    Cheers

    Jeremy

12. 12
    Simon July 15th, 2011 at 10:18 pm

    It says ‘N/A’ for Overseas ATM withdrawal. Does that mean it is $0, or that I cannot withdraw from overseas ATMs?

13. 13
    Chris July 17th, 2011 at 11:12 am

    Could you advise international transaction fees for this card

14. 14
    Jeremy July 18th, 2011 at 12:05 pm

    Hi Chris

    From the HSBC fee schedule, it notes:

    “Overseas transaction charge – payable when you make a transaction on your account in a currency other than Australian dollars, or you make a transaction on your account in any currency (including AUD) that is processed by the card scheme or billed by the merchant outside of Australia”

    This amount for the HSBC Credit Card is 3.0% of the total value amount of each such transaction

    Cheers

    Jeremy

15. 15
    Jeremy July 21st, 2011 at 11:32 am

    Hi Megan

    Thanks for your comment

    The HSBC Credit Card currently offers a $0 annual fee. This special offer is only available while you remain a customer of HSBC. HSBC cardholders who have previously cancelled the same card type as the new card they are applying for may not be entitled to these special promotional offers on the annual fee.

    Cheers,

    Jeremy

16. 16
    Jeremy July 21st, 2011 at 11:33 am

    Hi JK

    Thanks for your comment

    The HSBC Credit Card does not come with any free travel insurance. Platinum Visa credit cards currently offer complimentary travel insurance – we’ve written a credit card travel insurance article if you’d like to review that.

    Cheers

    Jeremy

17. 17
    Robert July 21st, 2011 at 2:10 pm

    What does the following statement “2% handling fee balance transfer offer” mean?

18. 18
    Jeremy July 25th, 2011 at 10:15 am

    Hi Robert

    The terms and conditions state that a 2% balance transfer handling fee will apply to the requested balance transfer.

    Essentially, this is a fee charged for the administration process of transferring your balance from your old credit card over to your new credit card. This fee is added to your credit card balance, and charged at the point of doing the balance transfer.

    Hope this helps to clarify

    Cheers,

    Jeremy

19. 19
    Daryl August 4th, 2011 at 10:55 pm

    Does the “2% handling fee balance transfer offer” mean that, I would be charged 2% of any balance I transfer over, at the commencement of taking up the card. That is, transfer over $10000, get charged an extra $200. I know this sounds like a silly question but just need it clarified.

20. 20
    Jeremy August 5th, 2011 at 2:29 pm

    Hi Daryl

    That would be correct. Here is the specific section addressing this in the terms and conditions:

    “A 2% balance transfer handling fee will apply to the requested balance transfer. Please allow up to 3 statement periods from the end of this promotion for the balance transfer fee to appear on your statement.”

    Cheers

    Jeremy

21. 21
    Jane A August 11th, 2011 at 2:55 pm

    Does HSBC force you to upgrade to their Platinum card or is this a choice?

22. 22
    Jeremy August 11th, 2011 at 3:12 pm

    Hi Jane

    Thanks for your comment

    As far as we are aware, it is a choice as to which card you apply for. It is however important you confirm this with HSBC customer service before making a decision to apply.

    Cheers

    Jeremy

23. 23
    HAC August 17th, 2011 at 8:02 pm

    Is this offer still available? I can’t seem to apply for it..

24. 24
    Li August 21st, 2011 at 10:28 pm

    Does this $0 annual fee card have a rewards program? There is a green tick but it says “No” next to the tick in reference to rewards program.

25. 25
    Jeremy August 22nd, 2011 at 11:14 am

    Hi Li

    Thanks for your comment and feedback

    There is no rewards program currently for the HSBC Credit Card.

    Cheers

    Jeremy

26. 26
    Ann November 5th, 2011 at 9:03 am

    2% handling fee on balance transfers so if I wanted to transfer $5000 would that mean a 2% fee of $100

27. 27
    Jeremy November 10th, 2011 at 11:32 am

    Hi Ann

    That’s correct. A 2% balance transfer handling fee will apply to the requested balance transfer. You need to allow up to 3 statement periods from the end of this promotion for the balance transfer fee to appear on your statement.

    Cheers

    Jeremy

28. 28
    Frances Powell December 9th, 2011 at 4:19 pm

    I applied for an HSBC Credit Card this afternoon($5000 limit)and would like confirmation that the card I have applied for has ‘no annual fee for life’

29. 29
    Michael Selman December 12th, 2011 at 2:00 pm

    I currently have a HSBC credit card which I have never activated (it was issued after taking out interest free terms a couple of years ago) I want to do a balance transfer, can i use this card and will the 0% for 6 months apply?

30. 30
    Peter January 8th, 2012 at 9:13 am

    Are transactions covered by fraud insurance?

31. 31
    Thien Trieu January 9th, 2012 at 2:49 pm

    how is the 2% handling fee calculated? is it a one off fee or monthly?

32. 32
    glen white January 18th, 2012 at 1:29 pm

    how long does it take to get this credit card if eligible?

33. 33
    Lisa Cant January 28th, 2012 at 1:42 pm

    I am currently on a Graduate Subclass 485 Visa. It is valid until July 2013. Would I be eligible for this deal?

34. 34
    Jeremy February 10th, 2012 at 10:24 am

    Hi Glen,

    The application process takes about 10 or 15 minutes and once successful expect anywhere from 7 – 14 business days to receive your card. Thanks for the question.

    Cheers
    Jeremy

35. 35
    Jeremy February 10th, 2012 at 10:48 am

    Hi Michael,

    Thanks for the question. Unfortunately to be eligible for the 0% balance transfer promotion you must be issued with a new card. If you have been previously issued with a card but have not activated it, you must reapply to take advantage of the promotion. Cheers.

    Jeremy

36. 36
    Jeremy February 10th, 2012 at 10:52 am

    Hi,

    Yes that is correct there is no annual fee associated with this card. Thanks.

    Jeremy

37. 37
    Jeremy February 10th, 2012 at 11:06 am

    Hi Lisa,

    Thanks for your question. As a non-permanent Australian resident to be eligible for a HSBC Credit Card you must earn more than $50,000 a year (before tax) and hold a valid 457 Visa or a Visa that has unlimited working rights, i.e. Spousal Visa, Bridging Visa (excludes Student Visa or a Visitor Visa). Hope this helps.

    Cheers
    Jeremy

38. 38
    Rajan Murimattathil Mani February 13th, 2012 at 7:14 pm

    how many days to take approve for the card and how much I can transfer

39. 39
    Edith February 24th, 2012 at 10:46 pm

    I understand that this card held by my friends has a max credit limit of $2000. As on this website this max credit limit has been left blank, am I to translate that as meaning no max limit?
    Thanks

40. 40
    Jeremy February 28th, 2012 at 1:36 pm

    Hi,

    Yes you can still apply for the HSBC credit-card, please follow the link to the page and click the apply now button to be taken to a secure HSBC application page. Thanks.

    Cheers,
    Jeremy

41. 41
    Jeremy March 2nd, 2012 at 5:10 pm

    Hi,

    It can be difficult to determine what the maximum credit limit on your card will be as it is determined by the lending institution based on the details you provide during the application process. Thanks.

    Cheers
    Jeremy

42. 42
    George C March 5th, 2012 at 8:35 pm

    The Virgin credit card features cutting edge secure chip technology, to further reduce the likelihood of unauthorized transactions going through. However, even if an unauthorized transaction does take place, Visa’s Zero liability policy ensures that these transactions will be reversed.
    DOES HSBC OFFER THE SAME SECURITY, PROTECTION AND ZERO LIABILITY POLICY?

43. 43
    Jeremy March 6th, 2012 at 9:44 am

    Hi,

    Thanks for the question. Conditional approval is usually given within minutes of the completion of your application. You can perform a balance transfer usually 90-95% of the agreed upper credit limit of the card.

    Cheers,
    Jeremy

44. 44
    Jeremy March 9th, 2012 at 10:07 am

    Hi George,

    Being a Visa Card, the HSBC Credit Card does come with Visa’s Zero Liability Policy. Thanks.

    Cheers
    Jeremy

45. 45
    Peter March 15th, 2012 at 4:52 pm

    Where can I physically pay the card? Post office or other agency?

46. 46
    Jeremy March 19th, 2012 at 4:51 pm

    Hi Peter,

    You can pay your account at an Australian Post office but this will incur a $2.95 fee every time you make a payment. Thanks for the question.

    Cheers,
    Jeremy

47. 47
    jon March 20th, 2012 at 1:48 am

    Does this (or any balance transfer card) allow me to transfer balances from US issued credit cards for the special introductory Balance Transfer rates?

48. 48
    SHAKTI March 23rd, 2012 at 1:46 pm

    I am a 457 Work Permit Holder of Australia which is valid till Feb 2016. Am I eligible for HSBC credit card?

    Regards,
    Shakti

49. 49
    Henry March 26th, 2012 at 10:25 am

    Can I request the minimum $1000 limit
    and can my family wife and 2 children 16 and 13 get supplementary cards

50. 50
    tom March 30th, 2012 at 2:56 pm

    Is there a minimum number/amount transactions needed per month/year?

51. 51
    William March 31st, 2012 at 6:31 pm

    Can you advise me if I can transfer all or art of my outstanding bank loan or any bank loan for that matter onto this credit card? or is there a card for this purpose you can recommended?

52. 52
    Russell Trevorrow April 10th, 2012 at 2:15 pm

    Is the 2% balance transfer fee calculated each month the balance remains unpaid or is it a once off fee on the balance transferred.

53. 53
    Joseph Hui April 10th, 2012 at 2:40 pm

    How many additional card holders can the account have?

54. 54
    Garry April 16th, 2012 at 5:18 pm

    What is the Mas credit limit for the card? e.g. earn $40000 p.a.
    thanks

55. 55
    Jeremy April 17th, 2012 at 11:29 am

    Hi,

    Thanks for the question. Unfortunately an outstanding balance cannot be transferred between international accounts taking advantage of the low introductory rate of interest. Cheers.
    Jeremy

56. 56
    Jeremy April 18th, 2012 at 9:38 am

    Hi Henry,

    Supplementary card holders must be above the age of 16. You can request a specific credit limit once your card has been approved. Cheers.

    Jeremy

57. 57
    Jeremy April 18th, 2012 at 9:45 am

    Hi Shakti,

    Thanks for the question. If you’re on a 457 working visa, you must be earning over $50,000 p.a. to be eligible for the HSBC Credit Card and be contracted to work in the country for at least three years.

    Cheers
    Jeremy

58. 58
    Jeremy April 23rd, 2012 at 9:17 am

    Hi William,

    Thanks for the question. You are unable to transfer a personal loan to your credit card taking advantage of the low rate of interest offered through a balance transfer option with HSBC; however, Citibank do offer the option of a balance transfer from a personal loan. Cheers

    Jeremy

59. 59
    Jeremy April 23rd, 2012 at 9:21 am

    Hi Tom,

    There are no minimum or maximum transaction limits for this card. You may be limited by the amount of money you can withdraw as a cash advance. Cheers.

    Jeremy

60. 60
    Jeremy April 27th, 2012 at 12:44 pm

    Hi Garry,

    The credit limit on your card will be determined by your financial situation, provided at the time of application. You may apply for a credit limit increase thereafter. Thanks.

    Cheers
    Jeremy

61. 61
    Jeremy April 27th, 2012 at 12:59 pm

    Hi,

    Thanks for your question. Up to 3 card holders are allowed at no additional cost for each.

    Cheers,
    Jeremy

62. 62
    Jeremy April 27th, 2012 at 1:00 pm

    Hi,

    The 2% balance transfer fee is calculated on as a one off fee on the initial amount you have performed a balance transfer on. Cheers.

    Jeremy

63. 63
    SHAKTI April 27th, 2012 at 1:36 pm

    Hi, I have applied for 0$ annual fee credit card and my application got rejected though I full fill all the requirements by the bank. When I asked the reason, they say that “I don’t meet their lending/landing [Not sure about the spelling] requirements. I couldn’t understand what does this mean? Can you please explain the exact reason of my rejection on this?

    Regards,
    Shakti

64. 64
    Pusita Narksut May 10th, 2012 at 5:37 pm

    Is this mean that after the 8th month i’ll be charged 8% interest OR 8% of total balance transfer charged since applied?

65. 65
    Manny May 12th, 2012 at 5:33 pm

    If my work income is under the minimum but combined with my wife’s and other government payments is well over the required minimum pa would I still be eligible for this card?

66. 66
    Glenn Pirie May 12th, 2012 at 9:14 pm

    Can I more than one card holder for the card. ie, my wife has one as well to use the same account?

67. 67
    Jeremy May 17th, 2012 at 5:19 pm

    Hi,

    Thanks for the question. This card allows up to 3 additional card holders on your account at no extra cost. Additional card holders have mostly the same level of access except for some account administrative abilities. Cheers.

    Jeremy

68. 68
    Jeremy May 17th, 2012 at 5:20 pm

    Hi,

    Thanks for the question. The banks generally take into account a range of factors when judging your financial situation. They will assess your application judged on your income, personal assets and liabilities. Work with your bank on the credit card application criteria to make sure you have the best chance of your application being approved, prior to completing the credit card application. Cheers.

    Jeremy

69. 69
    Jeremy May 17th, 2012 at 5:24 pm

    Hi,

    Thanks for the question. The balance transfer period is for 8 months charging 0% interest. After the 8 month period, you will go from paying 0% interest to the cash advance rate of interest. (Rates current as of 17-05-2012)

    Cheers.
    Jeremy