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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 outstanding balance from a UAE Credit Card (AED) with another selected UAE Bank to your HSBC Credit Card, and repay it in easy equal monthly instalments at a lower annual percentage rate starting from 0% to 29.88% and no processing fees.

  • Competitive interest rates
  • Quick and easy to apply
  • Manage your spending with repayment plans ranging from 3 months to 4 years
  • Have the money paid into your HSBC account or any UAE current or savings account in your name – whatever’s most convenient

Arrange a balance transfer

How does a balance transfer work?

You can apply to transfer a minimum amount of AED 1,000 up to 90% of your available limit and can choose to pay it off over 6, 12, 24, 36 or 48 months. 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, current circumstances and our internal policies.

If you're eligible, we'll let you know how much your monthly payment will be. This will be part of your monthly minimum credit card repayment.

Fixed Annual Percentage Rate - 0.00% to 29.88% on reducing balance. The interest rate offered will be dependent on the BT term you’ve selected, your individual circumstances and the promotional offers we make.

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

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.

Who can apply?

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

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

Apply for a balance transfer

Apply by app

Applying by app is easy. Just select the credit card you want to transfer your balance to, select 'Balance transfer' and then 'Get started'.

Apply by phone

Request a callback and a member of our customer services team will call you back within an hour to get your balance transfer started.

Our customer service team is available Monday to Friday, 09:00 to 16:30. If you submit your request outside of these times, we'll aim to call you back the next working day.

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 5% 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.