moneysupermarket.com: Two new 0 per cent interest credit cards from HSBC

Commenting on HSBC’s simultaneous launch of two new 0 per cent interest credit cards, Rob Kenley, head of credit cards at moneysupermarket.com, said: “HSBC has truly raised the stakes with the launch of a 0 per cent offer on purchases for 12 months – propelling it to the top of the best buy tables for introductory deals on purchases. For this, HSBC is to be commended.

“However, I am disappointed this deal is restricted to branch and phone customers – making it impossible for people to take up this offer online.

“My disappointment is compounded by the fact the second card launch is an online offer and nothing to write home about. It is offering 0 per cent on balance transfers for 12 months – but Barclaycard, Virgin Money and Capital One all offer longer balance transfer periods than this. Additionally, people must ensure they transfer the balance within 30 days of taking out the deal or they will not benefit form the 0 per cent introductory offer.

“HSBC should be congratulated for some competitive elements to these new offerings. However, the divide between online and branch and phone doesn’t make sense – customers should have access to the deals through all means.”