HSBC Balance Transfer

The introductory 0% offers on the HSBC balance transfer credit card do change regularly. This allows HSBC to adjust their overall competitiveness in the UK credit card market. All of the UK banks, and card companies, use their introductory 0% offers to attract new customers.

The longest HSBC balance transfer credit card offers new customers 0% interest for up to 27 months on balance transfers, with a 3.49% balance transfer fee applies (minimum £5), and a representative 24.9% APR (variable). This card also offers customers 0% for 3 months on purchases.

There is also a HSBC 0% offer available on the HSBC Purchase Plus credit card. The HSBC Purchase Plus credit card now has 0% interest for up to 16 months on balance transfers, with a 3.49% balance transfer fee applies (minimum £5). This card does have a longer offer on purchases, with 0% for up to 18 months on purchases and has a representative 24.9% APR (variable).

HSBC No Fee Balance Transfer Credit Card

The HSBC no fee balance transfer credit card, was a very popular card within the UK credit card market. However, this HSBC 0% balance transfer no fee card is now no longer available to new customers. The card was withdrawn in September 2023. The card had offered new customers 0% for 16 months with no balance transfer fee to pay.

This HSBC Rewards card is still available and has a 0% introductory offer for a shorter 0% for 6 months on both purchases and balance transfers. This card has a 2.99% balance transfer fee (minimum £5), and a representative 23.9% APR (variable).

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

Card Offers

HSBC Balance Transfer*

Balance Transfers:

0% for up to 27 months

Balance Transfer Fee:

3.49%

Purchases:

0% for 3 months

Representative APR:

24.9% APR (variable)

More Information >

Card Details

HSBC Balance Transfer*

• 0% interest for up to 27 months on balance transfers made within first 60 days of account opening
• 3.49% 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

More Information >

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

More Information >

Card Offers

HSBC Purchase Plus*

Balance Transfers:

0% for up to 16 months

Balance Transfer Fee:

3.49%

Purchases:

0% for up to 18 months

Representative APR:

24.9% APR (variable)

More Information >

Card Details

HSBC Purchase Plus*

• 0% interest for up to 16 months on balance transfers made within first 60 days of account opening
• 3.49% balance transfer fee applies (minimum £5)
• 0% interest on purchases for up to 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

More Information >

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

More Information >

Card Offers

HSBC Rewards*

Balance Transfers:

0% for 6 months

Balance Transfer Fee:

2.99%

Purchases:

0% for 6 months

Representative APR:

23.9% APR (variable)

More Information >

Card Details

HSBC Rewards*

• 0% interest for 6 months on balance transfers made within 60 days of account opening
• 2.99% balance transfer fee (minimum £5)
• 0% interest on purchases for 6 months from account opening
• Get reward points as you use your card
• Get 2,500 welcome points worth £25 when you make your first transaction on your card
• Online account management
• Annual Fee: None

More Information >

Application Criteria

HSBC Rewards*

• You have an HSBC Advance Account, or an HSBC Bank Account or HSBC Premier Account
• You have paid a total of £1750 a month into your account over last 6 months
• 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

More Information >

These HSBC 0% introductory transfer offers are now slightly shorter than they were last year. This is due to recent turmoil in the financial markets and the current cost of living crisis. Like many other UK banks, HSBC have now reduced the length of their introductory 0% offers.

HSBC Balance Transfer Existing Customers

Existing customers of HSBC, who do not already have a credit card with the bank can apply for any 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 cannot 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. As a result, transfers from M&S to HSBC, or vice versa, are not allowed.

In addition, HSBC also issue the first direct credit cards. Customers who have one of these cards, are also not permitted to make a transfer to any of the other 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.

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 £100. All of the above HSBC credit cards can also be used with the Apple Pay and Android Pay systems. These payment methods are available on most 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 Rewards credit card rewards you when you shop. You can collect reward points, then use the Mastercard Pay with Rewards app to put your points towards purchases.

Most new UK HSBC credit cards are issued using the Visa payment network, including the HSBC 0% balance transfer no fee card. The HSBC Rewards card however, uses the Mastercard payment network. Both Mastercard, and Visa cards, are widely accepted at millions of locations around the world, including shops, restaurants, hotels and petrol stations.

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