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How To Do a Balance Transfer with HSBC

How To Do a Balance Transfer with HSBC

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This article was last updated Apr 10, 2018, but some terms and conditions may have changed or are no longer available. For the most accurate and up to date information please consult the terms and conditions found on the issuer website.

If you’re looking to get out of credit card debt, a balance transfer is a great way to do that.

You can transfer a balance from a card with a high APR to one with an intro 0% APR and save on interest. HSBC has a few cards with balance transfer options that can help you get rid of credit card debt when used responsibly. This guide shows you how to complete a balance transfer with HSBC, and provides some best practices for completing your transfer and descriptions of the HSBC balance transfer cards available.

Complete your transfer online

  1. If you are on the “My accounts” page, click on your credit card account number on the left side of the page. The credit card transactions will appear in the right window. (Note: You can return to the “My accounts” page by placing the cursor on the “My HSBC” tab at the top of the page and then selecting “My accounts”)
  2. Underneath the credit card account number in the transactions window on the right side, you will see an option titled “View Details” right above the button for “Details.” Click on “View Details.”
  3. A window will then appear asking you if you would like to “Accept and Proceed” to the credit card website. (Note: If the credit card website does not appear after clicking “Accept and Proceed,” your internet browser’s pop-up blocker may be preventing the credit card page from opening.)
  4. You will then see “Services-Balance Transfers.” From there, verify the balance transfer offer and select it. Fill out the information required to complete your transfer, review the terms and conditions, and submit your transfer.

Complete your transfer by phone

If you don’t want to complete the transfer online, you can speak to a representative by calling the number on the back of your card. Make sure you have the following information ready:

  • Name on the account with the debt
  • Amount to be transferred

Balance transfer cards from HSBC

  • 0% for 15 months

  • 0% for 15 months

  • No annual fee, no foreign transaction fee, and no penalty APR

Highlights
  • 0% Intro APR on purchases and balance transfers for the first 15 months from account opening. Then a variable APR of 14.24%, 20.24% or 25.24% will apply.
  • No Penalty APR.
  • Late Fee Waiver.
  • No Foreign Transaction Fees.
  • $0 Annual Fee.
  • $0 liability for unauthorized purchases.
  • Terms Apply.
  • See Rates & Fees

See additional details for HSBC Gold Mastercard® credit card

More Info

The HSBC Gold Mastercard® credit card is the primary HSBC balance transfer card offering an intro 0% for 15 months (after, 14.24%, 20.24% or 25.24% variable APR). This card comes with an above average balance transfer fee either $10 or 4%, whichever is greater, will apply on each balance transfer and credit card check. That’s something to consider before settling on this card since there are other options with low or no balance transfer fees. There are no rewards, but that means you can use this card primarily to pay off your debt.

  • Unlimited 1.5% cash rewards on all purchases

  • Earn an Introductory 3% Cash Back on all purchases in the first 12 months from Account opening, up to the first $10,000 in purchases

  • 10% annual cash back bonus

Highlights
  • Earn unlimited 1.5% cash rewards on all purchases.
  • Earn an Introductory 3% Cash Back on all purchases in the first 12 months from Account opening, up to the first $10,000 in purchases
  • 10% Anniversary Bonus on all Cash Rewards earned once a year.
  • No Annual Fee.
  • 0% Intro APR for 12 months on purchases and balance transfers, then a 15.24%, 19.24% or 25.24% variable APR.
  • No Foreign Transaction Fees.
  • $0 liability for unauthorized purchases.
  • Terms Apply.
  • See Rates & Fees

See additional details for HSBC Cash Rewards Mastercard® credit card

More Info

The HSBC Cash Rewards Mastercard® credit card offers an average intro 0% for 12 months on balance transfers. After the intro period, 15.24%, 19.24% or 25.24% variable APR applies. The balance transfer fee is slightly higher than other cards, either $10 or 4%, whichever is greater, will apply on each balance transfer and credit card check. That’s something to consider, especially since the rewards program is just-OK with Unlimited 1.5% cash rewards on all purchases. You can do better with other balance transfer cards that also have longer intro periods.

The HSBC Platinum Mastercard® credit card has the weakest balance transfer offer of the HSBC cards mentioned with an intro 0% for 18 months (after, 13.99%, 17.99% or 23.99% Variable APR APR). The short intro period isn’t ideal if you have a large balance or need a lot of time to pay off debt. Plus, the balance transfer fee is higher than usual — 4% With this card you can earn a subpar 1X Rewards Program Point for every dollar in new, net card purchases. *This offer/promotion may have since changed, expired, or no longer be available.


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