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
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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.
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
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 600554722 (within UAE) or +9714 2288007 (outside UAE).1
Personal banking customers
Call us on 600 55 4722 (within UAE) or +971 4 228 8007 (outside UAE).1
Frequently Asked Questions
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