UK banking titan HSBC has launched two new credit cards offering 0% interest. One is available for applications via HSBC branches and on the phone, while the other is available online.
The branch and phone offer features 0% interest on purchases for 12 months, 4.9% interest on balance transfers until January 31, 2012 with a 2.5% balance transfer fee and a 15.9% standard APR.
The online offer, meanwhile, features 0% interest on balance transfers for 12 months with a 2.5% balance transfer fee, 0% interest on purchases for three months from account opening and a typical 15.9% APR.
HSBC’s head of consumer cards, Spencer May, said: Our research shows that our customers’ behavior varies according to how they apply for a card, we have seen a clear difference between the needs of our branch and online customers, particularly in relation to introductory offers. With this knowledge we have tailored our two new offers to meet their differing needs.