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HSBC Credit Card Balance Transfer

HSBC Credit Card Transfer

Last Updated 24th Aug 2021

  • HSBC credit card balance transfer is the process of repayment of outstanding balances of single or multiple credit cards at a lower rate.
  • HSBC credit card balance transfer provides multiple repayment modes.
Interest Rate 1.08%
Card Limit Upto 95% of the credit limit
Processing Fee1.00%
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What is Balance Transfer (BT) in HSBC Credit Card?

HSBC credit card balance transfer is the facility to consolidate the outstanding balance from other credit cards to a different credit card from HSBC. HSBC also offers the flexibility of credit card balance transfer from bank to other. Thus, you can make convenient repayments using monthly instalments at a lower rate.

HSBC Credit Card Balance Transfer Interest Rates and Other Charges

Some key factors associated with HSBC credit card balance transfer are listed in the table below:

Balance Transfer Rate 1.08%
Processing Fee 1.00%

Benefits of HSBC Credit Card Transfer

With the HSBC credit card transfer, the outstanding credit card balance can be consolidated and repaid using flexible modes. Here is why you should apply for a HSBC credit card balance transfer.

  • Reduced Financial Burden: HSBC Bank offers lower credit card balance transfer rates starting at 1.08% along with processing fee of 1.00% on HSBC Bank credit card transfer. Thus, you can save on the outstanding balance by transferring your credit card to HSBC.
  • Improved Credit Score: If you make timely payment of your balance transfer EMIs, you can improve your credit score with a low-interest rate and an interest-free period of HSBC Bank credit card balance transfer.
  • Easy Repayments: With HSBC Bank credit card balance transfer, you can consolidate multiple credit card accounts into one account. It will make regular payment easier and organized.
  • Interest-Free Periods : HSBC Bank also provides interest-free periods for a specified tenure if you avail of the balance transfer facility of HSBC Bank depending upon the current offers at the time of balance transfer.

Eligibility & Documents Required for HSBC Bank Balance Transfer

Below-mentioned is eligibility criteria & documents requirement to apply for HSBC credit card balance transfer.

  • If you are an existing credit card holder of HSBC, you can apply for HSBC credit card balance transfer.
  • To avail for HSBC credit card balance transfer, you should have a good track record of credit card spendings and must have repaid the credit card dues on time.
  • You can know about the eligibility for HSBC credit card balance transfer you can contact through various methods including net banking, mobile banking or by calling HSBC credit card customer care number.
  • You do not require any documents for HSBC credit card balance transfer.

How to Apply for HSBC Bank Credit Card Balance Transfer?

You can apply for HSBC credit card balance transfer by using the modes mentioned below:

  • SMS : You can also transfer your credit card balance by sending an SMS, BTR to 575750.
  • Customer Care: You can apply for a credit card balance transfer by contacting BTR to 575750 number.

FAQs

What is balance transfer in a HSBC Bank credit card?

Balance Transfer facility in a credit card is the facility that allows you to transfer the outstanding balance from any other credit card to a credit card at a lower rate.

What is the limit of card to card transfer?

You can avail card balance transfer for Upto 95% of the credit limit.

How does a 0% balance transfer work in ?

A 0% balance transfer allows you to transfer the outstanding balance of single or multiple cards at 0% interest for a set period.

Can we transfer money from credit card to a bank account?

Yes, you can transfer money from a credit card to a bank account through third-party platforms.


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