HSBC Classic card review | Finder

HSBC Classic Credit Card

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No longer offered in the market

The HSBC Classic credit card is no longer available for new applications. However, we've kept the information online for the benefit of existing customers and for those who are interested.

You can compare the current range of HSBC credit cards here.

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How to apply

You can apply for the HSBC Classic online via the bank's secure application form, You also have the option of applying in-store at any retailer that offers interest-free finance through this account. Before you apply, make sure you meet the following eligibility requirements and have all the relevant information on hand.

Eligibility criteria

  • Minimum income. You must earn a minimum of $20,000 per year.
  • Age. You must be at least 18 years old to apply.

Card benefits

  • HSBC Instant Savings program. This perk gives you complimentary membership to Frequent Values, which offers you discounts of between 5% and 50% at over 4,500 participating restaurants, hotels, supermarkets and other retailers.
  • Balance transfer offer. This card offers 4.99% p.a. on balance transfers for 15 months when you move debt from a non-HSBC credit card. At the end of the introductory period, any remaining balance from the transfer will attract interest at the cash advance rate. Note that this offer is valid when you apply through Credit Cards Online and use the promotional code 01R3M7. If you're applying in a store and want to get this offer (or if you have further questions) call HSBC on 132 152.

Rates & fees

  • Annual fee. The $79 annual fee on this card is charged when you open the account and then each year on that anniversary.
  • Purchase rate. This card has a purchase rate of 23.99% p.a., which is on the higher end of the scale for credit cards in Australia.

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