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.
|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.
Frequently Asked Questions
How much credit will I need to cover the balance transfer?
What if I have a standing instruction set up for my credit card?
Can I cancel or settle the balance transfer early?
|Don’t have a HSBC credit card?|
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