Are you tired of paying up to 18% interest per annum on your outstanding credit card balance? With HSBC Balance Transfer Instalment, you get serious savings on your interest rates.
HSBC is currently offering promotional rates for their Balance Transfer Instalment programme. Please refer to the table below for easy reference and should you require any further details, do reach out to HSBC for assistance.
New To Card (does not hold any HSBC principal credit card in the past 6 months) | Balance Transfer Instalment is applied together with an HSBC credit card in the same application journey | - 0% p.a. for 3 months
- 1.88% upfront interest for 6 months
- 3.88% upfront interest for 12 months
| Capped at 60% of credit limit |
| Balance Transfer Instalment is applied after an HSBC credit card is approved | Please contact the bank for more details | Capped at 60% of credit limit |
Existing To Card (holding at least one HSBC principal credit card) | Balance Transfer Instalment is applied together with an HSBC credit card in the same application journey | | Capped at 60% of credit limit |
| Balance Transfer Instalment is applied after an HSBC credit card is approved | Please contact the bank for more details | Capped up to 95% of credit limit. Please contact the bank for more details. |
Why should I apply for this balance transfer?
If you are the kind of person who likes to take advantage of a low-interest-rate environment and is motivated to be debt-free as quickly as possible, then this plan suits your aspiration.
At the end of the day, it's your money we're talking about, right?
Am I allowed to make minimum monthly repayments?
This Balance Transfer Instalment from HSBC will be billed in the form of a monthly instalment, which you are required to pay in FULL as part of the minimum monthly repayment.
What if I fail to settle the repayments before the maturity date?
If you're unable to settle all your monthly repayments before the credit card due date, a tiered finance charge and late payment fee shall be applied.