HSBC Credit Card £50 Cashback Offer 32 months fairly low fee of 1.4%! - HotUKDeals
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HSBC Credit Card £50 Cashback Offer 32 months fairly low fee of 1.4%!

£0.00 @ HSBC
A new balance transfer card pays off existing store/credit card debt, so you owe it instead but at 0% - and it helps you get debt-free quicker, as repayments cover debt, not interest. Via our link, th… Read More
Anon32 Avatar
1m, 3w agoFound 1 month, 3 weeks ago
A new balance transfer card pays off existing store/credit card debt, so you owe it instead but at 0% - and it helps you get debt-free quicker, as repayments cover debt, not interest. Via our link, this new HSBC card will give a big £50 cashback if you shift at least £1,500 to it, and with a lowish 1.4% fee the cashback beats the fee cost on transfers up to £3,500, so you'd profit.

Will you be accepted? Don't just apply - our Balance Transfer Quick Eligibility Calc shows which cards you've best odds of getting, or our FULL Credit Club gives your free Credit Report and Credit & Affordability Scores too. Both do a 'soft' search on your credit file that lenders can't act on, so there's no impact on your creditworthiness. And for some cards the calcs show which providers 'pre-approve' you - ie, will definitely give you the card, subject to passing an ID check.

Not bad its bigger cashback than the Barclaycard but a larger fee of 1.4% and also minimum of £1500 while barclays one was only £500 minimum and a .6% fee!

Could suit some if transferring less than £3500
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Anon32 Avatar
1m, 3w agoFound 1 month, 3 weeks ago
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#1
So if I apply they give me £50?
#2
MCGONIS
So if I apply they give me £50?


u need to do a balance transfer

Edited By: brendanhickey on Mar 08, 2017 00:27: typo
1 Like #3
brendanhickey
MCGONIS
So if I apply they give me £50?
u need to do a balance transfer
Okay. Thanks. Too complicated. So basically the post means, Apply for an HSBC credit card, do a balance transfer and you will get £50 off that balance transfer refunded. £50 cashback offer caught my eye. So it's not really. Voted HOT




Edited By: MCGONIS on Mar 08, 2017 00:35
#4
MCGONIS
brendanhickey
MCGONIS
So if I apply they give me £50?
u need to do a balance transfer
Okay. Thanks. Too complicated. So basically the post means, Apply for an HSBC credit card, do a balance transfer and you will get £50 off that balance transfer refunded. £50 cashback offer caught my eye. So it's not really. Voted HOT

It is £50 cashback, but for doing the transfer not getting the card. There was an AA one with free money I think?
#5
MCGONIS
brendanhickey
MCGONIS
So if I apply they give me £50?
u need to do a balance transfer
Okay. Thanks. Too complicated. So basically the post means, Apply for an HSBC credit card, do a balance transfer and you will get £50 off that balance transfer refunded. £50 cashback offer caught my eye. So it's not really. Voted HOT
I wouldn't describe it as £50 off - as the OP says you're in profit up to £3500 balance transfer (still not certain I'd bother just for the possible net £21 if I didn't need a 0% balance transfer card).
#6
Do you think you'd be able to do it if you already have an existing HSBC credit card?
1 Like #7
Eligibility tool is a tota bs again, don't think that if a tool that provides info based on what you input there will be the same as a credit check. Then again the credit check is bs too.
#8
How long do balance transfers take? I'm thinking of a transfer card before my next payment is due
#9
To transfer £1500 would cost £21 so max profit of £29. Not bad, similar to what you'd get through a cashback website. Shame HSBC aren't doing both..
#10
wardi69
To transfer £1500 would cost £21 so max profit of £29. Not bad, similar to what you'd get through a cashback website. Shame HSBC aren't doing both..
I think the money comes of the balance you transfer so £1500 - £29 = £1471 left to pay and you get 32 months again! Think i'll do it as i have £1800 on sainsburys with 11 months to go i can still pay this off in less than 32 months if i want to!

Edited By: Anon32 on Mar 08, 2017 14:28: .
#11
Anon32
wardi69
To transfer £1500 would cost £21 so max profit of £29. Not bad, similar to what you'd get through a cashback website. Shame HSBC aren't doing both..
I think the money comes of the balance you transfer so £1500 - £29 = £1571 left to pay and you get 32 months again! Think i'll do it as i have £1800 on sainsburys with 11 months to go i can still pay this off in less than 32 months if i want to!


OK. Think you meant £1471? Free money for a little work and an extra 32 months to pay it off, heat from me!
1 Like #12
wardi69
Anon32
wardi69
To transfer £1500 would cost £21 so max profit of £29. Not bad, similar to what you'd get through a cashback website. Shame HSBC aren't doing both..
I think the money comes of the balance you transfer so £1500 - £29 = £1571 left to pay and you get 32 months again! Think i'll do it as i have £1800 on sainsburys with 11 months to go i can still pay this off in less than 32 months if i want to!
OK. Think you meant £1471? Free money for a little work and an extra 32 months to pay it off, heat from me!
Fixed just a typo
#13
Great card, almost went for this with the cashback. I chose not to though as the minimum payment is the higher of "blah blah or 2.5%..." which makes it more than the £25 set fee of some other cards, so make sure you take a look and see which card will suit your intended situation.

Edited By: dreamager on Mar 08, 2017 19:03: .
1 Like #14
nikinaki23
Do you think you'd be able to do it if you already have an existing HSBC credit card?

"To be eligible for the Offer Payment described below, the following requirements must be met:

a) you are not an existing HSBC Credit Card holder and have not held a credit card with HSBC within the six months prior to the start of the Offer Period;"
#15
Eligibility check for me was only 40% of acceptance, yet, my application was successful with a good credit limit for first time HSBC credit card customer. So don't assume that using the eligibility check is accurate chance, I also had 80% chance to get Sainsbury's 29 month credit card and wasn't accepted when applied, so bare that in mind and don't be put off by the percentage of the eligibility check. Try the one that suits you and good luck
#16
If you're looking to do a balance transfer, check you're credit rating free with noddle or clear score; Noddle gives an indicator of what cards you will be accepted for then check Quidco for cash back rates...Easiest way to check suitable cards and cash back rates but always read the t's and c's...
#17
mwb1
If you're looking to do a balance transfer, check you're credit rating free with noddle or clear score; Noddle gives an indicator of what cards you will be accepted for then check Quidco for cash back rates...Easiest way to check suitable cards and cash back rates but always read the t's and c's...
or just go for this card as it already offers £50 cash back! So easiest way is to come in here and check the personal finance section

Edited By: Anon32 on Mar 12, 2017 09:30
#18
How long has the application process taken for anyone that's applied?
Told me up to 10 working days!
#19
willllllllll
How long has the application process taken for anyone that's applied?
Told me up to 10 working days!
Sounds like your application has been referred for further checks and wasn't automatically processed.

Does anyone know if the balance transfer fee is interest free, or does this have to be paid off?
#20
HSBC deny they ever had this offer. I'm on the phone to them later to give them this link.
#21
They admit it today, had to transfer more money to get the cashback.... And wait.
#22
jobibear
They admit it today, had to transfer more money to get the cash back.... And wait.

How did you get on with this? I had the same. on the phone to Indian call centre for around an hour. They are claiming I should have been re-directed to another site to complete additional info and without this not eligible. I was promised a call back a obviously not happy but no call.
#23
I have the promise of it now, 2 months, June. I also had to transfer monies up to £1500 to be eligible, which of course incurred more fees but I still work out a profit of about £30 so worth the hassle, especially if you require the 0%. Use the link of this page as reference if needed.

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