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Balance transfer

Take control of your finances with a balance transfer

What is a balance transfer?

If you have more than one credit card, a balance transfer could help consolidate what you owe, streamlining multiple monthly bills into one easy low-interest payment. 


Move your balance from any  card in the UAE to your HSBC credit card and you could enjoy an interest rate as low as 0% for the first 12 months.

  • Competitive interest rates, starting at 0% for the first 12 months

  • Fewer bills, simpler repayments

  • Pay-off periods of up to 3 years

Arrange a balance transfer

How does a balance transfer work?

You can apply to transfer any amount as long as you don’t exceed your credit limit. You can also tell us how long you’ll need to pay it off – from 6 months to 3 years. The terms we can offer you will depend on your circumstances. 

Once your application is approved we’ll transfer your balance within 5 working days.

Things you should know

We'll evaluate your application based on your financial history and current circumstances.

If you're eligible we'll confirm how much you can transfer to your HSBC credit card. We'll also let you know the interest rate and how long it will apply for. 

You'll be able to agree to the terms straight away over the phone. 

You will have to pay a balance transfer fee.

Balance Transfer Terms and Conditions and the Schedule of Services and Tariffs apply.

You may have to pay penalties if you pay off a loan/financing early.

If you do not meet the repayments/payments on your loan/financing, your account will go into arrears. This may affect your credit rating, which may limit your ability to access financing in the future.

Refinancing your loans/financing may take longer to pay off than your previous loan/financing and may result in paying more in interest/profit.

Who can apply?

You can apply for a balance transfer if you have both:

  • a HSBC credit card
  • a non-HSBC credit card that was issued in the UAE


Have us call you

You may apply by calling us, through our online banking secure message facility or by following instructions provided in any communications sent in this regard and we will call you within 24 hours.

By phone

Premier customers

Call us on 800 4320 (within UAE) or +971 4 224 1000 (outside UAE).1

Advance customers

Call us on 800 4420 (within UAE) or +971 4 325 4573 (outside UAE).1

Personal banking customers

Call us on 600 55 4722 (within UAE) or +971 4 228 8007 (outside UAE).1

Lines are open Monday to Friday, 09:00 to 16:30. We may record calls to help improve our service to you.

1Calls may be monitored and/or recorded for security and service improvement purposes.

Frequently Asked Questions

Don’t have a HSBC credit card?


From travel to culinary experiences, culture and shopping there's no limit to where the benefits can take you.


Earn up to 10% cashback on your everyday spending.


Enjoy no interest on purchases for the first 3 months.


Enjoy great travel benefits, Air Miles on everything you spend and a competitive interest rate.

Listening to what you have to say about services matters to us. It's easy to share your ideas, stay informed and join the conversation.