Advantages: Low application requirements, sensible credit limit, various ways to bank, accepted worldwide Disadvantages: Only for students, not a super low interest rate
...don't think I've stuck with HSBC simply because they're the only people who will offer me credit. They're not, but I still prefer them to their competitors. HSBC are my main bank and so it seemed sensible to stick with them. That wouldn’t be enough to make me stay with them if their service wasn’t up to scratch though, but luckily it almost always has been.
The application process is easy. If you’re 18 as most new uni students ... ...Features
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The HSBC student credit card is not one of those “create the best card for you” set ups. You cannot chose different interest rates or higher / lower fees or so on. Everyone gets the same card, with the same conditions.
* Your choice of Visa or MasterCard – I went for the latter because I have a Visa debit card anyway. Both can be used worldwide to make purchases or withdraw cash. Mine has been used, among other ...
zoe_page 09.04.2003 (02.05.2003)
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Ciao members have rated this review on average: very helpful Review of HSBC Student
Advantages: None Disadvantages: Bad customer service, scrapping interest free overdraft on the bank account
...this review refers to the HSBC Student Service, not just their credit card, which is not worth bothering with anyway. I have had a student account with HSBC for seven years (I know what you're thinking, I'm the classic work dodger with too many degrees), and at first I had no problems with them. Recently however they have changed the terms and conditions of their Graduate account, which will directly and adversely affect anyone with a HSBC Student ... ...to pay back your overdraft. HSBC have now changed the terms and conditions of their Graduate account, which affects anyone who currently has a Student account with them, or any new accounts which are opened. They have pulled the interest free overdraft on the Graduate account, so anyone who graduates from July 2007 with a HSBC Student account (which will automatically be transferred to a Graduate account) will either have to pay all their overdraft ...
botanybod 27.07.2007 (28.07.2007)
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Ciao members have rated this review on average: very helpful Review of HSBC Student
Advantages: Telebanking arm is better, good at pulling customers. Disadvantages: Poor customer service, tendancy to close branches, new branches will be all machines nio people
...had an account with both HSBC and with First Direct. This is the telephone banking arm of HSBC. I have to say that I have had absolutley terrible services from the HSBC side of the company. In addition to the comments made by CG in the orginal review, one of the biggest problems with HSBC is that they are moving closer and closer to a human free banking system. Many of their local branches have been closed in my local area (Hull) in favour of bigger ... ...the First Direct arm of HSBC i have been a customer with them for almost ten years. Until recently I have had little cause for complaint.
This is a truly 24/7 365 day a year service, with the option of internet banking. They offer a wide range of services including mortgages savings, ISAs etc. Tha only adverse comment I would make is aword of caution if you are taking a loan ouit with this bank. Do go through it a fine toothcomb. I recently asked ...
medman 27.07.2007
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Ciao members have rated this review on average: very helpful Review of HSBC Student
Advantages: Appeals to freshers, some years they have good bonus offers Disadvantages: Bad customer service, extortionate fees, security loopholes
...is vital, and is something HSBC lacks. This opinion is based on various branches and their phone system, which takes you through to a callcentre somewhere in India. Now initially, this is no problem. But in my final year of studying at my first university, i rang up the bank to discuss my overdraft. The people in the callcentre were unable to understand anything i was telling them. I had to spell my name and postcode, this is no exaggeration , well ... ...The brilliant overdraft facility at HSBC which will let you have upto (i think) £1500 without charges, is very very difficult to pay back unless you are working a lot or have a lump sum of cash at your disposal. Therefore changing banks for many, is not an option. It's a honeytrap. You may get free CDs or a free railcard, but you'll end up paying for it with extras by the time you've graduated.
As a sidenote, to advertise itself as "The World Bank" ...
Lofnorsk 21.09.2006
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Ciao members have rated this review on average: very helpful Review of HSBC Student
Advantages: Comes with a great student account package Disadvantages: you end up using it!!
...im not here to say hsbc is the best for credit cards, if you bank somewhere else it is usually sensible to get a credit card with them too. if you run into any difficulties who wants to try and get a hold of an internet based credit card service to sort it out? banking online is great, but only if things are going well! the main thing with hsbc credit cards is that, while they are not the cheapest on the market, and yes do not really provide you ... ...people in my experience choose hsbc for personal banking for their service, no matter how bad you think of banks, you have to be with one...right?! many students pick up hsbc credit cards when they apply for their student accounts...that is another story! but the applictaion form includes a credit card app on it, so keeps it simple and the paper work down to a minimum! I managed to refrain from using my credit card for the first two years of uni ...
newbon 21.07.2003
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Ciao members have rated this review on average: helpful Review of HSBC Student
Advantages: Good Rates, easy to set up, lots of info Disadvantages: none of yet
...Absolutely brilliant.
Thats where HSBC come in, They have 2 schemes for under 18's. If your 16-18, you get a student card, if your 11 to 15, you opt for the livecash account. For the 11-12 year olds there is the livecash card, you can only use it on hsbc machines, but you can internet bank and easily deposit money through the bank itself or a dropoff point outside/inside. But when your 13+ thats when the real fun comes in, you can apply for a Solo/Cirrus/Maestro ... ...up going to my local hsbc bank, only a couple of miles away, and i got an application form, i was amazed to see how easy it was to fill in, i filled everything in and got my mums signature put on it and then took it in. I even got a free radio/personal organiser for being a new customer. During the next 1 1/2 weeks my things started coming through the post, first some leaflets, then my livecash card and then finally, the thing i was so eager to have, ...
caza_4 03.06.2005
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Ciao members have rated this review on average: helpful Review of HSBC Student
Advantages: Fantastic student account package Disadvantages: Nothing major any I can think of
...but at least with the HSBC credit card you could always have that money you urgently need.
Just after I started Uni I had a massive book list AND I was late applying for my student loan so I wouldnt have any money immediately. It was when I had my book list I realised I had better get a student account.
After spending ages looking at all the different packages I decided to go for HSBC, not only did you get a massive overdraft as soon as the account ... ...However I cant say that HSBC are perfect. I reported my cards stolen BEFORE christmas 2003 and didnt receive my new credit card until this month. As it happens when I reported it they stopped my switch but just put a note on my credit card!!! I waited for the letter telling you it was at the branch to pick up but as I didnt get 1 for my switch I doubted I would get 1 for my credit card.
I didnt go to collect it as I had nearly maxed out and would ...
janet.donkin 22.04.2004
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Ciao members have rated this review on average: helpful Review of HSBC Student
Advantages: Low APR, Easy application Disadvantages: No specific reward scheme
...I decided to get a HSBC credit card when I opened my student bank account with the same company. They had low application critera, and seemed responsible lenders. My initial limit was £500, but you can lower this if you want. The interest rate is 16.9% APR, which is very competitive with such a low credit limit. Capital One offered me a similar card with a 28.9% APR interest rate! If you show that you can manage the account well, they will increase ... ...your credit rating, which is important for later life.
Another good reason for picking HSBC is the excellent customer support, which is available 7 days a week. The card is MasterCard and is therefore widely accepted world-wide. If you're a student, it's one of the best available! ...
gazchapsuk 13.09.2003
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Ciao members have rated this review on average: helpful Review of HSBC Student
Advantages: You get a debit card and you get student bonuses Disadvantages: Low interest rate.
...was younger i opened a HSBC livecash account which seemed amazing as i got a whole load of free stuff including some CD plus i got like a whole 12p interest a month on my account which seemed amazing at the age of 12. So now that im 17 im now on the rightrack account which in all honesty is not that great the interest rate is really low 0.1% which means i get about 1p interest a month when my friends, who have accounts with other banks are getting ... ...i do use with the HSBC is online banking although this can be a pain in the rear end sometimes as you can only view you transactions from a week ago! and its most annoying because my mum who does online banking with barclays can always see todays transactions. The debit card: yes like most banks the HSBC gives you a solo card which is pretty usefull i can't imagine being with one of theese banks that only give you a card that you can use at cashpoints! ...
nick20022002 22.06.2006
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Ciao members have rated this review on average: helpful Review of HSBC Student
Advantages: Easy Application, Sensible Credit Limit, Good Customer Service Disadvantages: None yet
...upped the limit again on my request after another six months. Also they changed the interest rate when i called them to reduce the APR. They reduced it to 14.9% which is a competitive APR. So far, HSBC is been very good to me. I would recommend it to everyone. ...
radeon_r300 14.03.2007
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Ciao members have rated this review on average: somewhat helpful Review of HSBC Student
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