Balance Transfer Credit Card | What Is a Balance Transfer?

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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

Apply for 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.

HSBC Zero Credit Card balance transfer fee

Fixed Annual percentage rate - 11.88% for the balance transfer plan term.


Plan term	Balance transfer fee	Early settlement fee
6 Months	AED 0	AED 0


Plan term	6 Months
Balance transfer fee	AED 0
Early settlement fee	AED 0

Other HSBC Credit Cards balance transfer fees

Fixed Annual Percentage Rate - 0.00% for the balance transfer plan term.


Plan term	Balance transfer fee	Early settlement fee
6 Months	1.50% (1.58% inclusive of VAT) of Balance Transfer amount or AED 100 (AED 105 inclusive of VAT) whichever is higher	AED 0
12 Months	3.00% (3.15% inclusive of VAT) of Balance Transfer amount or AED 100 (AED 105 inclusive of VAT) whichever is higher	AED 0
24 Months	6.00% (6.30% inclusive of VAT) of Balance Transfer amount or AED 100 (AED 105 inclusive of VAT) (whichever is higher)	AED 0


Plan term	6 Months
Balance transfer fee	1.50% (1.58% inclusive of VAT) of Balance Transfer amount or AED 100 (AED 105 inclusive of VAT) whichever is higher
Early settlement fee	AED 0

Plan term	12 Months
Balance transfer fee	3.00% (3.15% inclusive of VAT) of Balance Transfer amount or AED 100 (AED 105 inclusive of VAT) whichever is higher
Early settlement fee	AED 0

Plan term	24 Months
Balance transfer fee	6.00% (6.30% inclusive of VAT) of Balance Transfer amount or AED 100 (AED 105 inclusive of VAT) (whichever is higher)
Early settlement fee	AED 0

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:

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

Apply

Have us call you

Request a callback This link will open in a new window

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

At any time during the term of the balance transfer, your available credit must be enough to cover both the outstanding balance transfer amount and the total interest payable.

If you’ve set up an instruction to pay off your full balance each month, we recommend reducing this amount. With the automatic payment set at 100%, your balance transfer will be fully repaid in your next billing cycle.

You can contact us to change your standing instructions at any time, but you should ensure that your new percentage is enough to cover your minimum repayment.

You are free to cancel or settle your balance transfer before the end of the agreed term. To do this, you will need to pay your outstanding balance off in full and you may have to pay an early settlement fee. Please see the Schedule of Services and Tariffs for more information on fees and charges.