hsbc balance transfer

HSBC reserves the right to decline or reduce the amount of any Balance Transfer request. HSBC Group  |   © Copyright HSBC Group 2002-2021. HSBC Balance Transfer Online Offer Terms and Conditions 1. The entire balance outstanding on the credit card (including any balances transferred) will become payable immediately upon the closure of the HSBC Credit Card whether such closure is initiated by the Bank or by the Cardholder. HSBC’s Card Balance Transfer can help you simplify things in your life and save at the same time. It's usually quickest to apply online, but if you're having trouble with your application, we're here to help - just head to our contact us page. HSBC will not be responsible or liable for any direct or indirect loss, damage, actions, claims, demands, costs, charges, and expenses whatsoever that may be suffered, as a result of participating in the offer. You’ll need to pay in at least £1,750 per month. The maximum amount that can be transferred from other bank credit cards to the HSBC Card is up to 95% of the credit limit on the Cardholder's HSBC Card subject to available balance as on the date of approval of the Cardholder's application. Balance Transfer fees will apply. Representative example 21.9% APR (variable) Representative APR 21.9% p.a (variable) Purchase rate Based on an assumed credit limit of . Feel the freedom of financial independence. As with other credit cards, balance transfer cards require you to make a minimum monthly repayment. If only minimum amount due (as defined above) is paid, the standard credit card interest rates will be levied on the balance outstanding. EMI, Cash advances, Purchase outstanding and Balance Transfer in descending order of interest rates, and within a given ‘plan’, the payment will be allocated in a predefined order of (1) Service charges, (2) Finance charges, (3) Late payment charges, (4) Annual fee and (5) Other fees. In the event a Cardholder transfers different amounts under different Balance Transfer options, the repayment will be allocated to the Balance Transfers in increasing order of the interest rates, i.e. If the Cardholder has subscribed for the 'Credit Card Account Settlement Option' to automatically settle the credit card outstandings by a debit to the Cardholder's HSBC Current/ Savings account, there will be a 5% minimum payment deducted from the outstanding instead of 100% Credit Card Account Settlement Option. The management fee is subject to HSBC Amanah’s approval. EMI payable towards Balance Transfer on EMI will be set-off first before any payment is apportioned towards other outstanding. Please note that basis Goods Service Tax (GST) regulations and notified GST rates, Central GST and State/Union Territory GST or Inter-State GST, as applicable, would apply on our fees and charges with effect from 01 July 2017. To preclose the Balance Transfer facility Cardholder should contact HSBC Phone Banking. This offer is applicable to select HSBC Credit Cardholders depending on eligibility (hereinafter referred to as the ‘Cardholders’). The loan period is defined as the loan tenor selected by the Cardholder at the time of request. Non-payment of the entire total payment due on the HSBC Card by the payment due date will result in the levy of standard credit card interest rates on the balance outstanding. HSBC’s Balance Transfer card is designed to let you transfer an existing balance to HSBC to enjoy an extended interest-free period. Select that option to start the process. Any outstanding balance at the end of the Balance Transfer term, if applicable, cannot be transferred to another Balance Transfer option being offered by HSBC at that time. If approved, your credit card will be dispatched within 3 weeks. The interest rate on the balance transfer applies for 26 months and must be from non-HSBC credit cards. 2. HSBC India reserves the right to seek such documents as deemed fit, for … Any payment made in excess of the Total Payment Due will only be adjusted to the future purchase outstanding in accordance to the ' payment hierarchy' as defined herein. Upon completion of the 'Balance Transfer term', if applicable, balance amount is merged with the other outstanding on the credit card and interest will be charged as per regular rate applicable, as communicated to the Cardholder from time to time. For more details please read our Cookie Policy. Our contact centres are extremely busy at the moment, please don’t call us unless it’s urgent. Plus, the HSBC Balance Transfer Credit Card offers cashback as well as rewards from your favourite shopping brands – all for no annual fee. Credit is subject to status, affordability and applicable terms and conditions. The Cardholder should continue to make payments on the other bank credit card until the Cardholder receives confirmation in a subsequent HSBC Credit Card statement that the Balance Transfer amount from the other bank credit card has been transferred to the HSBC Credit Card. While you’re only required to make the minimum repayment, the more you’re able to repay each month the quicker you’ll be able to clear your debt. Unfortunately, HSBC doesn’t accept balance transfers from credit cards issued by any bank of the HSBC group, which also includes M&S Bank and first direct. HSBC Bank credit card customers can transfer their outstanding balance from other bank credit cards onto their HSBC credit cards without any hassles using the balance transfer option provided by the bank. This site is primarily intended for those who access it from within India. Finance charges will be applicable from the date Balance Transfer Perpetual is approved until the entire amount along with charges are paid in full. HSBC customers can use the HSBC Phone Banking service, SMS Banking or use the HSBC website to opt for the Balance Transfer facility. 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. Effective 2 October 2013 prepayment charges on foreclosure of Balance Transfer perpetual facility will not apply. The minimum amount for each Balance Transfer ("BT") application is RM1,000. There is also a HSBC 0% offer available on the HSBC Purchase Plus credit card. Please ensure you read the important information in the ‘Things you should know’ section before applying. Add your new credit card to Apple Pay from the iOS version of the HSBC UK Mobile Banking app. You can transfer balances from more than one other bank credit cards under the same of different Balance Transfer options, within this limit. Here are some of the major benefits of a balance transfer to HSBC Credit Card that will justify your decision: Flexible repayment tenure: You can choose from a repayment tenor ranging between 3, 6, 9, 12, 18, and 24 EMIs as per your convenience. Convert your recent expenses on your HSBC Credit Card to affordable installments, payable up to 24 months. Balance Transfer-on-EMI is a facility that allows you to transfer the outstanding balance from your other bank credit cards to your HSBC Credit Card and repay it in easy monthly instalments at a lower interest rate. On availing of the ‘Balance Transfer Perpetual the interest rate ranging from 1% p.m. to 1.2% p.m. is applicable on the monthly outstanding Balance Transfer Perpetual amount until the entire transferred balance is repaid. If the amount (as mentioned in the verbal or written application form) to be transferred to the HSBC Card exceeds the maximum eligibility of the available credit limit on the date of acceptance by HSBC, HSBC will automatically transfer the amount which is equal to the customer's eligibility, and this policy is informed to the Cardholder at the time of application. Please contact HSBC Phone Banking, after 3 weeks to know the status of your credit card application. In case a Cardholder has availed of two or more separate Balance Transfers of the same tenure, the repayment will be allocated in the same sequence that the Balance Transfers have been applied for. Credit is subject to status, affordability and applicable terms and conditions. All and any disputes arising from the Balance Transfer on EMI facility shall be subject to the exclusive jurisdiction of the courts of Mumbai. Simplify your banking and consolidate your debt with an HSBC Balance Transfer 1. Choose to pay more each month and close your Perpetual Balance Transfer earlier, as per your liquidity and convenience. However, in absence of any specific request, NEFT would be a preferred way for all Balance transfer proceeds. The terms used herein are as defined in the HSBC Amanah Balance Transfer Terms and … £1,200 . By participating in this offer, the Cardholders shall be deemed to have accepted all the terms and conditions in totality. By participating in this offer, the Customers shall be deemed to have accepted all the aforementioned terms and conditions in totality. If amount requested to be transferred from other bank credit cards to the Cardholder's HSBC Card is greater than 95% of the available credit limit on the Cardholder's HSBC Card, Balance transfer (Including Interest) will be processed for an amount that equals to 95% of the credit limit. Access worldwide offers and discounts on everything from savings on clothing to exciting days out. Add your partner or family members over 18 to your account. Switch to HSBC- transfer your Home Loan to HSBC at interest rates starting at 6.74% 1. All existing guidelines/rules related to the Balance Transfer including approval of Balance Transfer will be applicable. Move your outstanding card balance to HSBC If you have outstanding credit card balances with other banks, move them to your HSBC credit card and pay off the balance flexibly over a period of up to 24 months at a discounted interest rate. *At the end of the promotional period, balance transfers and purchases will revert to the standard variable rate. Accordingly, conversion of such transaction into an Equated Monthly Instalment (EMI) scheme is prohibited. Purchase limit will be blocked for the balance 20,000. It’s easy to get in touch online. The minimum amount that can be transferred from any other bank credit card account to the HSBC Credit Card is 5,000, subject to the availability of the credit limit in your HSBC Credit Card. However, in absence of any specific request, NEFT would be a preferred way for all Balance transfer proceeds; The other bank credit card from which the balance is to be transferred to the HSBC Credit Card must be non-delinquent and current. HSBC reserves the right to decline any Balance Transfer request with intimation to the Cardholder. HSBC may at its discretion discontinue the Balance Transfer facility at any time during the pendency of the facility, foreclose the loan and debit the entire outstanding amount to the credit card. HSBC will conduct a 'dummy authorisation for ₹1,000' on the other bank credit card. The transfer amount cannot exceed the available credit limit on your HSBC Credit Card, including fees. If the authorisation is successful, Balance Transfer transaction will be approved subject to regular Balance Transfer approval conditions. If you’re going to continue spending it may not be the right type of credit card for you. SMS BTR to 575750 and our representative will call you back. Our website doesn't support your browser so please upgrade. Please refer to the respective web pages at www.hsbc.co.in to know details. The eligible Cardholder shall pay the minimum payment of 5% of the outstanding balance which is part of the Minimum Monthly Payment due on or before the payment due date. We aren't offering our Balance Transfer Credit Card in branches at the moment. HSBC shall not be held liable for the service charges or late payment charges debited to your other bank credit card account due to decline or delay in execution of your Balance Transfer request. the repayment will be apportioned first to the highest interest Balance Transfer for the Cardholder. HSBC will allocate payments received from you to pay off the portion of your balance attracting the highest interest rate first and subsequently to … Calculate your balance transfer savings Enter an amount, select a plan and we will show you the savings you can get from our Balance Transfer offer. If the Cardholder has subscribed for ‘Standing Instructions’ to automatically pay the credit card outstanding’s by a debit to the Cardholder’s HSBC Current/ Savings account, there will be a 5% minimum payment deducted from the outstanding instead of 100% outstanding. Balance Transfer transaction will block the available credit limit on the Cardholder's HSBC Card up to the amount of Balance Transfer on EMI availed of including applicable charges and Goods and Services Tax (GST). EMI, cash advances, purchase outstanding and Balance Transfer in descending order of interest rates, and within a given 'plan', the payment will be allocated in a predefined order of Service charges, Finance charges, Late payment charges, Annual fee and Other fees. During your application, HSBC will ask if you want to transfer a balance from one of your existing cards. Our take on HSBC balance transfers: With a generous APR offer lasting as long as 12-18 months and no annual fee, transferring higher interest debt to a new HSBC credit card may be worth it. Our branches are offering a limited service because of coronavirus. Some HSBC balance transfer offers come with a one-off fee that’s calculated based on the amount of debt you transfer to the new card. HSBC Rewards Plus: Balance transfer rate: 0% p.a. By continuing to browse this site, you give consent for cookies to be used. for 26 months with 1% balance transfer fee: Balance transfer revert rate: Cash Advance Rate (21.99% p.a.) Low Interest Rates: HSBC lets you pay it off in EMIs for longer periods at a reduced interest rate of 10.99% to 15% p.a. In case there is no purchase outstanding, the payment made in excess of the Total Payment Due will be adjusted in accordance with the 'payment hierarchy', (EMI, Cash advances, Purchase outstanding and Balance Transfer in descending order of interest rates). The Cardholder can transfer outstanding balance from one or more other bank credit cards under the same or different Balance Transfer options, within this limit. We use cookies to give you the best possible experience on our website. 5,000 to HSBC Credit Cards under … By submitting instructions for your initial balance transfer to HSBC Bank USA, National Association (“HSBC”), you authorize HSBC to conduct an electronic balance transfer (the “Service”) using “our service provider” to debit the funding bank account indicated on the online account opening application (“Account”) on the terms set forth in this agreement (“Agreement”). A Balance Transfer Perpetual transaction will first utilize the available cash limit before blocking the purchase limit. Title {{title}} First name {{firstName}} Last name {{lastName}} Customer ID {{idNumber}} Phone number {{phoneNumber}} Email address {{email}} Transfer From Account. To be eligible for an HSBC Credit Card you need to: If you foresee any changes in circumstances that may affect your ability to repay the credit card you are applying for, for example a change in your income or outgoings, a change to your employment situation or you are a temporary or zero hours contract worker, please apply by telephone or branch. With our low balance transfer rate, you'll be able to enjoy greater financial freedom. Account/Card Number {{accountNumber_from}} Transfer To Account . Day or night, help is always at hand if your card is lost or stolen. Quick and Timely: If the customer is able to meet the eligibility criteria of a balance transfer then HSBC Bank will allow the customer to transfer the balance from one credit card of different bank to HSBC Bank credit card within a short period of time, hence would be of timely help to pay the current credit card debt. For example, if the credit card account has a total available limit of 100,000 and available cash limit of 40,000. The Cardholder can choose from multiple tenure options from 3 months, 6 months, 9 months, 12 months, 18 months and 24 months. The HSBC balance transfer credit card offers new customers 0% interest for 25 months on balance transfers, with a 2.85% balance transfer fee (minimum £5) and a representative 21.9% APR (variable). HS alance Transfer Online Offer (“ Programme”) starts from 1 January 2019 to 31 December 2019 (“Programme Period”) and open to HS ank Primary credit cardholders who hold a HS redit ard for not more than 180 days: HSBC Premier World Travel … If you're registered for mobile banking and have downloaded the app you can apply within the app in just a few clicks. HSBC will not be held liable for the service charges or late payment charges debited to your other bank credit card account until the execution of your Balance Transfer request. Introductory rates only apply if you haven't held an HSBC credit card within the last six months. Balance Transfer processed through NEFT cannot be reversed once the request has been processed and the amount has been credited to the other Bank credit card account. This Balance Transfer Perpetual offer is brought to you by The Hong Kong and Shanghai Banking Corporation Limited, India (HSBC) and any participation in the said offer is voluntary. The minimum amount that can be transferred from any other bank credit card account to the HSBC Card is ₹ 5,000 subject to the availability of the credit limit in your HSBC Card. To avail of the Balance Transfer Perpetual facility, HSBC may request the Cardholder to submit a copy of your latest other bank credit card statement. During the Balance Transfer term, the balance transferred will also be included for computing the minimum payment due, as mentioned in the credit card statement from HSBC. the repayment will be apportioned first to the highest interest Balance Transfer for the Cardholder. In case of Balance Transfer on EMI, the EMI instalments will be treated as purchase outstanding for the purpose of payment apportionment. Choose between loan tenures of 3, 6, 9, 12, 18 and 24 months Rate of interest between 10.99% to 15%p.a. In case of any contradiction between these terms and conditions and the existing guidelines/rules, these terms and conditions shall prevail at all times. No Foreclosure charge is applicable in case of early repayment of Perpetual Balance Transfer amount. The balance transferred will also be included for computing the minimum payment due, as mentioned on the credit card statement from HSBC. Nothing contained in this scheme shall be construed as an obligation on HSBC to continue the scheme after the scheme termination date. HSBC reserves the right to foreclose the loan and debit the entire outstanding amount if the earlier payments are overdue. Benefits of Balance Transfer to HSBC Credit Card. We’re constantly updating our offers, so they may vary as new ones come in. Nothing contained in this scheme shall be constructed as an obligation on HSBC to continue the scheme after the scheme termination. To pre-close the Balance Transfer on EMI facility, the Cardholder should contact HSBC PhoneBanking. The entire balance outstanding on the credit card (including any balances transferred) will become payable immediately upon closure of the credit card whether such closure is initiated by the Bank or by the Cardholder. Take control of your finances with a credit card that gives you flexibility to repay what you owe. Please confirm and submit your information. This offer is by way of a special facility for select Cardholders and nothing contained herein shall prejudice or affect the terms and conditions of the Cardholder's agreement. The words and expressions used herein shall have the same meaning as in the Cardholder's agreement. Click to know more. Wherever you are in the world, you can speak to our dedicated support team about getting an emergency cash advance. Enjoy savings on interest with our low balance transfer rate Use the extra cash to kick start your dream, like going for your long-waited holiday or take advantage of this promotion by paying off outstanding balances and avoid paying high interest. In these challenging times, we're here to support our customers and employees. An HSBC Balance Transfer allows you to transfer some or all of your credit card balance from a non HSBC card to an HSBC credit card so you can simplify your finances. Make sure you keep up with this, otherwise you’ll have to pay a fee. Here's an easy way to share your thoughts, stay informed and join the conversation. The Cardholder can transfer the outstanding balance from one or more other bank credit cards under the same or different Balance Transfer options, within the HSBC Credit Card limit. Online banking is a convenient way to manage your card. See our help and support pages for guidance and to find out what you can do through online and mobile banking. Plus, the HSBC Balance Transfer Credit Card offers cashback as well as rewards from your favourite shopping brands – all for no annual fee. EMI, Cash advances, Purchase outstanding and Balance Transfer in descending order of interest rates, and within a given 'plan', the payment will be allocated in a predefined order of Service charges, Finance charges, Late payment charges, Annual fee and Other fees. Since it is not tenor based, a minimum of 5% (subject to min of 100) of the Balance Transfer perpetual outstanding amount should be paid every month. Bank anywhere with the HSBC UK Mobile Banking app, Make payments to existing beneficiaries and manage your personal accounts easily and securely with the. Email Address : This is not a Loan Application Form. Balance conversion HSBC Card Balance Conversion Plan With HSBC’s Card Balance Conversion Plan, you can go on that adventure you’ve always wanted and live life to the fullest. Most balance transfer credit cards will charge you their standard interest rate on purchases. Kindly note that according to the new payment hierarchy effective 5 August 2013, the payments will first be apportioned to the extent of minimum payment due, first by the following 'plans' i.e. Per extant Reserve Bank of India (RBI) guideline, no advances should be granted by banks for purchase of gold in any form, including primary gold, gold bullion, gold jewellery, gold coins, units of gold Exchange Traded Funds (ETF) and units of gold Mutual Funds. Issuance of credit card is at the sole discretion of The Hongkong and Shanghai Banking Corporation Limited, India. This is much lower than what you would usually pay as interest for a current outstanding balance. Consolidate all your non-HSBC Credit Card balances and transfer to your HSBC Credit Card to save on finance charges. Balance Transfer Proceeds will be credited to other Bank’s credit card account through National Electronic Funds Transfer (NEFT) only. Processing fee: 1% of the Balance Transfer value (subject to minimum of ₹149) SMS ‘BTR’ to 575750 and our representative will call you back, Sample calculation of Monthly installment for ₹1,000. Processing fee is 1% of the Perpetual Balance Transfer (subject to minimum of ₹149).

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