HSBC Credit Card extends zero interest offer

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HSBC Credit Card extends zero interest offer

The interest-free period on balance transfers for the HSBC Credit Card has been extended until January 1st 2008.

Allied with this, the bank has decided to increase the interest-free period on purchases to six months as well, giving customers the opportunity to save some money this Christmas and put it towards getting their presents.

This HSBC Credit Card offer will begin on November 21st 2006 when they will be able to reduce the cost of their borrowing. The typical APR on the card stands at 15.9 per cent.

Spencer May, head of consumer cards at HSBC, stated: "At HSBC we continually look for ways in which we can help borrowers better manage their debt and we recognise that, for many, credit cards can be a convenient way of spreading the cost of Christmas shopping.

"With zero per cent interest on purchases for six months, and on balance transfers until January 2008, cardholders will see their credit card debt reduce more rapidly and could save themselves hundreds of pounds in interest."

The HSBC Credit Card also offers customers online banking, Price Promise Insurance and no annual fee is payable.

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