Although a few of the cards in the HSBC range offer a balance transfer feature, this one excels with its 25-month interest-free introductory offer. It is one of the best deals on the market, albeit with a balance transfer fee to pay.
Key facts about the HSBC Balance Transfer credit card
Best for: Those looking for an extended period to sort out their finances
Introductory offer: Interest free for 25 months on balance transfers and 3 months on purchases
Representative APR: 21.9% variable
Fees: 1.5% balance transfer fee
- Perks: Cashback and offers through the HSBC home&Away rewards scheme
Pros of the HSBC Balance Transfer credit card
- This card has one of the longest interest-free balance transfer periods available on the market
- Although there is a balance transfer fee, it isn't as high as for some other cards within this category
- There is the added bonus of cashback and rewards
Cons of the HSBC Balance Transfer credit card
- Balances can't be transferred from other HSBC cards or from those from first direct, M&S Bank or John Lewis Finance
- Although it is relatively low, the 1.5% balance transfer fee may be an issue for some people
- It is not available to those who have an HSBC Basic Bank account
How to manage your payments on the HSBC Balance Transfer credit card
Cardholders can manage their accounts online, on a mobile app or by visiting an HSBC branch
How to apply for the HSBC Balance Transfer credit card
Use the HSBC online eligibility checker to see if you are likely to be accepted for the card. If successful, you can apply online or in an HSBC branch
Alternatives to the HSBC Balance Transfer credit card
For other options, read our article "Best credit card in the UK"
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