HSBC expands CI credit cards

Wednesday 16 December 2020

HSBC Channel Islands is opening up credit card applications to all islanders for the first time.

The bank describes it as a "positive development" when people have struggled to apply for a credit card despite having a healthy financial background.

Everyone who applies for a credit card must still meet certain eligibility criteria.

John Goddard, Head of Wealth and Personal Banking, Channel Islands and Isle of Man, said: “We are pleased to be able to offer credit cards to islanders whether they are an HSBC customer or not. Credit cards can be very useful for purchases and for building a good history of timely payments which can help you in applying for loans such as mortgages.

We know many islanders have been frustrated at not being able to apply for credit cards, with HSBC current account customers being some of the few able to apply and receive them until now. This news is a direct response to these concerns and we look forward to helping more people lead their financial lives with greater freedom and choice.”