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HSBC Balance Transfer

The introductory 0% offers on the HSBC balance transfer credit card regularly change. This allows HSBC to adjust their competitiveness in the UK credit card market.

HSBC Balance Transfer

The HSBC balance transfer credit card offers new customers a longer 0% interest for 29 months on balance transfers, with a 2.75% balance transfer fee applies (minimum £5), and a representative 21.9% APR (variable). 

This balance transfer credit card had previously offered customer a shorter 0% for 25 months balance transfer offer, with a slightly higher 2.85% transfer fee. The current new longer balance transfer offer was introduced by the bank in April 2021.

The new HSBC credit card with no transfer fee now offers customers 0% interest for 20 months on transfers. This card has no balance transfer fee, and a representative 21.9% APR (variable). 

There is also a HSBC 0% offer available on the HSBC Purchase Plus credit card. This card has 0% interest for 18 months on balance transfers with a 2.9% balance transfer fee applies (minimum £5), and a representative 22.9% APR (variable). This HSBC 0% credit card also offers customers 0% for 18 months on purchases.

HSBC Balance Transfer Offer

The HSBC balance transfer offer for UK customers, includes 0% introductory offers on the the following featured credit cards:-.


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Card Offers

Balance Transfers:
0% for 29 months
Balance Transfer Fee:
2.75%
Purchases:
0% for 3 months
Representative APR:
21.9% APR (variable)

Card Details

HSBC Balance Transfer*
  • 0% interest for 29 months on balance transfers made within first 60 days of account opening
  • 2.75% balance transfer fee applies (minimum £5)
  • 0% interest on purchases for 3 months from account opening
  • At end of promotional period, balance transfers and purchases will revert to standard variable rate
  • Worldwide offers and discounts with HSBC home&Away
  • Manage your card online
  • Annual Fee: None

Application Criteria

HSBC Balance Transfer*
  • You have an annual income or pension before tax of £6,800 or more
  • You are a UK resident
  • You are aged 18 or over
  • You do not hold an HSBC Basic bank account
Representative Example: 21.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 21.9% p.a. (variable)
Credit is subject to status, affordability and applicable terms and conditions
No balance transfers allowed to this card from first direct, HSBC, M&S or Partnership credit cards

Card Offers

Balance Transfers:
0% for 20 months
Balance Transfer Fee:
0%
Purchases:
N/A
Representative APR:
21.9% APR (variable)

Card Details

HSBC Balance Transfer No Fee*
  • 0% interest for 20 months on balance transfers made within first 60 days of account opening
  • No balance transfer fee applies
  • No purchases offer with this card
  • At end of promotional period, balance transfers and purchases will revert to standard variable rate
  • Contactless payments to quickly and securely pay for purchases under £45
  • Manage your card online
  • Annual Fee: None

Application Criteria

HSBC Balance Transfer No Fee*
  • You have an annual income or pension before tax of £6,800 or more
  • You are a UK resident
  • You are aged 18 or over
  • You have not held a credit card with HSBC Bank in the last 6 months
No Balance Transfer Fee
Representative Example: 21.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 21.9% p.a. (variable)
Credit is subject to status, affordability and applicable terms and conditions
No balance transfers allowed to this card from first direct, HSBC, M&S or Partnership credit cards

Card Offers

Balance Transfers:
0% for 18 months
Balance Transfer Fee:
2.9%
Purchases:
0% for 18 months
Representative APR:
22.9% APR (variable)

Card Details

HSBC Purchase Plus*
  • 0% interest for 18 months on balance transfers made within first 60 days of account opening
  • 2.9% balance transfer fee applies (minimum £5)
  • 0% interest on purchases for 18 months from account opening
  • At end of promotional period, balance transfers and purchases will revert to standard variable rate
  • Worldwide offers and discounts with HSBC home&Away
  • Manage your card online
  • Annual Fee: None

Application Criteria

HSBC Purchase Plus*
  • You have an annual income or pension before tax of £6,800 or more
  • You are a UK resident
  • You are aged 18 or over
  • You do not hold an HSBC Basic bank account
Representative Example: 22.9% APR representative (variable). Based on an assumed credit limit of £1,200 and a purchase rate of 22.9% p.a. (variable)
Credit is subject to status, affordability and applicable terms and conditions
No balance transfers allowed to this card from first direct, HSBC, M&S or Partnership credit cards

HSBC Balance Transfer Credit Card

Applicants for the HSBC credit cards need to be UK residents and over 18 years of age. In addition, applicants also need to have an annual income or pension before tax of £6,800 or more per year.

The HSBC interest free credit cards can be used to make contactless transactions of up to £45. Both of the above HSBC credit cards can also be used with the Apple Pay and Android Pay systems. These payment methods are available on many new mobile phones and smart watches.

The HSBC 0% balance transfer credit card also offers customers the home&Away rewards programme. This gives customers instant discounts from well known brands, in the UK and right across the world.

The HSBC credit card has, in the past been issued as a Mastercard credit card. However, all new UK HSBC credit cards are now issued using the Visa payment network.

Both MasterCard, and Visa cards, are widely accepted at millions of locations around the world, including shops, restaurants, hotels and petrol stations.

HSBC Balance Transfer Existing Customers

Existing customers of HSBC, who do not already have a credit card with the bank can apply for both of the 0% transfer cards available above.

However, the current HSBC 0% balance transfer offer is not available to any of the HSBC existing credit card customers. If you currently have a HSBC credit card, then like many other banks, HSBC does not allow a transfer from one HSBC issued credit card to another.

A transfer can not be made from the M&S credit cards to HSBC, for example. The Marks and Spencer balance transfer card is also issued by HSBC Bank so transfers form M&S to HSBC, or vice versa, are not allowed.

In addition, HSBC also issue the first direct and John Lewis / Waitrose Partnership credit cards. Customer who have one of these cards, are also not permitted to make a transfer to any of the cards issued by HSBC.

There are HSBC balance transfer offers for existing customers available from the other UK credit card companies. These 0% credit cards will accept a transfer from the existing customers’ HSBC credit card.

Most balance transfers in the UK should complete within 5 days or less. Customers can usually check their online account to see if the balance transfer has gone through. Over a bank holiday period, you may need to allow extra time for the balance transfer to clear.


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Published: November 15, 2021, Updated: November 15, 2021 by Balance Transfer Expert

All 0% balance transfer credit card offers on this website are updated daily