With the HSBC Balance Transfer Card, UK consumers can take advantage of one of the most effective tools for consolidating high-interest balances—without paying interest for an extended period. This card is tailored for individuals looking to streamline repayments and reduce the cost of borrowing.
Whether you’re looking to get ahead or simply want more financial breathing room, this card offers a practical and disciplined approach to money management.
Key Benefits of the HSBC Balance Transfer Card
- 0% Interest on Balance Transfers for up to 18 Months: Transfer your existing credit card debt and enjoy a lengthy interest-free period. This allows you to focus on reducing the principal without accruing additional charges.
- No Interest on Purchases for 3 Months: Make everyday purchases without paying interest for three months after account opening—ideal for managing short-term expenses without additional pressure.
- No Annual Fee: This card comes with no annual fee, making it a cost-effective choice for those who want to minimise fees while maximising savings.
- Low Balance Transfer Fee: Enjoy competitive balance transfer fees when moving existing debt to HSBC. This one-off fee is clearly disclosed and can be much lower than ongoing interest rates elsewhere.
- Flexible Credit Limits Based on Eligibility: Credit limits are tailored to your circumstances, allowing you to consolidate more if needed. The credit assessment process is clear and fair.
- Simple Online Application Process: Apply online in minutes and receive a quick decision. You’ll know exactly what your credit limit and transfer rate are before you commit.
- Contactless Payments and Mobile Wallet Integration: Make fast, secure purchases with contactless technology and mobile wallets like Apple Pay and Google Pay.
- Manage Your Account on the Go: Track your spending, payments, and remaining balance directly from the HSBC Mobile Banking app or online portal.
- Mastercard Acceptance Worldwide: Use your card anywhere Mastercard is accepted, both online and in person, at millions of merchants around the world.
- Free Additional Cardholder: Share the benefits by adding a second cardholder to your account at no extra cost. Manage expenses across the household with ease.
- 24/7 Fraud Protection: Enjoy peace of mind with HSBC’s round-the-clock fraud monitoring and alerts. If something looks suspicious, you’ll be notified immediately.
- HSBC Customer Support When You Need It: Access expert assistance by phone, live chat, or in-branch. HSBC support teams are trained to help you get the most from your card.
Who Can Apply?
To be eligible for the HSBC Balance Transfer Card, you must:
- Be a UK resident, aged 18 or older
- Have a regular income
- Be free of recent CCJs or bankruptcy
- Pass HSBC’s credit and affordability checks
- Not currently hold an HSBC Credit Card
How to Apply
- Visit the HSBC UK website
- Use the eligibility checker (no impact on your credit score)
- Complete the application form with your personal and financial details
- Receive your credit offer and final approval
- Activate your card and complete your balance transfers
Frequently Asked Questions
1. What’s the maximum I can transfer?
Typically, up to 90% of your credit limit. Limits vary based on your credit profile.
2. Is there a fee for transferring a balance?
Yes, but it’s a one-off fee disclosed upfront, usually 3.19%.
3. How long do I have to transfer a balance?
The 0% offer is available for balances transferred within the first 60 days.
4. Can I transfer balances from other HSBC cards?
No, balance transfers must be from cards issued by other financial institutions.
