HSBC Balance Conversion Plan

Shop to your heart's content with HSBC credit card and convert your purchases into affordable instalment up to 36 months from two BCP plans

    • Up to 36 months
    • Unrestricted selection of merchant
    • No early termination fee
  • Instalment PeriodInterest RateMinimum Amount
    6 months6.88% one-time upfront handling feeRM500
    12 months6.88% one-time upfront handling feeRM500
    24 months6.88% one-time upfront handling feeRM500
    36 months6.88% one-time upfront handling feeRM500

    How To Apply for HSBC Balance Conversion Plan

    Get help with making your expensive shopping habits affordable

    Enjoy low monthly commitment and flexible payment tenure in 3 simple steps:

    1) Spend a minimum of RM500 in a single receipt with your HSBC credit card;

    2) Apply for Balance Conversion Plan by calling contact center at 03 8321 5200 or 1-300-80-2626 3 days after purchase or 3 days before your next statement date;

    3) Choose to convert whether full retail amount (Type A) or partial retail amount / entire outstanding retail balances (Type B)

    Your BCP application will be processed within 1 working days form the application date.

    Frequently Asked Questions about HSBC Balance Conversion Plan

    Things you might want to know

    How HSBC Balance Conversion Plan works?

    HSBC Balance Conversion Plan (BCP) is no ordinary instalment plan you can find in the market because, on the one hand, it works as a flexi payment plan as well as a balance conversion plan, on the other hand.

    You can choose to repay your instalments over a payment period of 6, 12, 24 or 36 months. To qualify, you need to, (1) own a HSBC or HSBC Amanah credit card, then (2) make a minimum retail transaction of RM500 and finally, (3) apply for this balance conversion plan.

    What are the types of flexi instalment plans being offered?

    As said earlier, you have 2 options under HSBC Balance Conversion Plan:

    • Type A Conversion Plan: a straightforward spend and convert method where you swipe your HSBC credit card on eligible retail transactions and convert the full amount into a BCP 
    • Type B Conversion Plan: choose to convert partial eligible transactions and/or entire outstanding retail balances in your HSBC credit card into a BCP

    Can HSBC Amanah cardholders apply for this flexi instalment plan?

    Absolutely. HSBC Balance Conversion Plan is offered to all HSBC and HSBC Amanah credit cardholders.

    Is it okay to settle my flexi instalment plan early?

    It is absolutely fine, as long as you notify HSBC of your early exit prior to making the full payment. Otherwise, it will not be recognized as an early settlement amount, instead will be utilized as 'standby credit' to offset your upcoming dues.

    You can either write or drop a line to HSBC call centre to execute the early settlement.

    What happens if I do not make a full payment every month?

    If you are not able to make a full payment of your monthly outstanding balance, it is advisable that you make a minimum payment of 5% of the outstanding balance, inclusive of the full amount of your Balance Conversion Plan monthly repayment.

    If and only if you really can't make it, you need to call the bank and discuss an alternative before it is too late.

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