0% balance transfers for 32 months hsbc credit card
696°Expired

0% balance transfers for 32 months hsbc credit card

89
Found 9th Sep 2015
Hope if this could be of any help here.

Receive £25 when you successfully apply for an HSBC Credit Card and either use the card for a purchase or complete a Balance Transfer within 60 days of opening your card account.

0% interest on balance transfers for 32 months
A 1.4% Balance Transfer Fee (minimum £5) applies on balances transferred within 60 days from account opening.
0% interest on purchases for 3 months
No annual fee
Community Updates
HSBC Deals

Groups

89 Comments
I've just paid off my CC, but have used these deals in the past and would transfer any interest incurring balance to one.

They work brilliantly! Simply divide your balance by 32 (in this case) and pay that amount each month. This is a really good deal considering the 1.4% fee
does this work with 8 yrs old card?
Haven't touched it for yrs.
I thought this was a deal site not a preaching site, but maybe I'm wrong?!
Voted Hot OP For the offer 8)....Cold for the lecture from someguy003 ??? oO
chenzz

does this work with 8 yrs old card?Haven't touched it for yrs.



If you have a balance on it then move it now, you shouldn't be paying interest on a card for that long without doing something about it. If you have no debt then no need for a balance transfer card Unless you want to start using it.
Remember this:
From 28th August 2015 to 30th September 2015, receive £25 when you successfully apply for an HSBC Credit Card and then go on to make a purchase or complete a balance transfer of £100 or more within 60 days of opening your card account.
What I did was get a 0% interest card for 26 months, bought a Motorcycle with it so I could get to work as I was fed up of cycling and just paid off the minimum each month. Then I got a balance transfer card with 0% interest for 36 months, transferred it over to that and paying off the minimum on that as well.

The best thing you can is constantly switch, new customers get the best deals, I always switch banks as well, you can get deals which gives you more interest and substantial money off stuff etc.

I'm never in debt though as I have the money to buy that Motorcycle in the first place, I just want the ability to pay it off monthly and the finance companies always reject me because I don't own a house and I live alone I guess...

Edited by: "slannmage" 10th Sep 2015
1.4% is extremely good deal - take it from here and keep it in 1-2-3 account for 3% per annum which over 32 months equals to around 8%
If interest rises between now and 32 months you could gain more
I dont think interest rate is going to fall any more
Very safe bet - voted hot
Can you transfer the money into your current account?
thearbiter65

I've just paid off my CC, but have used these deals in the past and would … I've just paid off my CC, but have used these deals in the past and would transfer any interest incurring balance to one.They work brilliantly! Simply divide your balance by 32 (in this case) and pay that amount each month. This is a really good deal considering the 1.4% fee



Since you're not paying any interest on the balance, its better to pay the minimum each month. And stick the extra in an interest accruing account.
Mentos

Since you're not paying any interest on the balance, its better to pay … Since you're not paying any interest on the balance, its better to pay the minimum each month. And stick the extra in an interest accruing account.




Technically yes. But the reality is, if I only paid the minimum I would have spent the rest! For me, it was a lot better to pay the set amount each month to ensure that the balance was cleared in full by the end of the term.

The danger is if you pay the minimum and have debt left at the end of 32 months you may not be able to get another deal like this. Interests rates could have risen by that point.
Banned
Pies1976

Bore off someguy003 we don't want to hear your religious waffle! This is … Bore off someguy003 we don't want to hear your religious waffle! This is the real world! It's hot from me!


I live in the real world as well- the same as yours....except with no debt or credit card interest
Banned
xsivdnb

I think you are missing the point of this posting... this is not an … I think you are missing the point of this posting... this is not an opinion on whether you think it's right or not this is whether this is a good deal and it is so hot from me!



I have not voted cold (or hot). Why should I vote cold?? I simply do not understand a dysfunctional lifestyle that harms all except the banks and credit card companies
Banned
Jules67

I thought this was a deal site not a preaching site, but maybe I'm wrong?!


It is a site for deals and preaching
someguy003

It is a site for deals and preaching


Ahhhhhh, that's where I went wrong - must remember this!
Banned
manicmidlander

​Sigh I use these deals instead of spending cash. I then use this cash to … ​Sigh I use these deals instead of spending cash. I then use this cash to offset my mortgage or put in savings account with a higher interest than the card charged me. Simple stuff. Not all debt is bad. Borrowing sensibly is a part of life. Unfortunately some people just aren't sensible.


I fully understand your position. I suppose a mortgage is a fact of modern life. However, buying thing and paying credit card interest is totally unnecessary. Day to day spending should not require "credit". Living without TVs, consoles and other splurges should be the default position.
Banned
jamiemac1

Thank you voice of reason for that speech, I was going to apply but now … Thank you voice of reason for that speech, I was going to apply but now I won't.


You are most welcome. Visit your local mosque for teachings in how to live a moral and proper life.
Banned
jamiemac1

Someguy03, If I see any more deals I like the look of is it ok if I … Someguy03, If I see any more deals I like the look of is it ok if I consult you first??


You are most welcome to contact me or your local Sunni Islam mosque
Banned
xeroc

Sadly, most people don't have sufficient capital to be able to purchase … Sadly, most people don't have sufficient capital to be able to purchase things such as houses from cash in the bank. In the current climate, even those with excellent earnings potentials would have to save for a decade or longer to be able to buy even a modest property for 'cash'. At the same time, you'd have to be renting a property - money that could otherwise be going towards a mortgage. You paint the picture as though no muslims incur debt and/or pay/receive interest. There are ways and means around it. In the case of a Shariah compliant mortgage, the bank acts as lessor of the property and you in effect pay 'rent' each month to the bank. The practical outcome is the same: eventually you own the property, and each month you pay a bank a sum of money. It is only the legal relationship that is different.It reminds me of a bit of legal history I studied at law school. Under their religious law a certain group of monks were unable to own property. Eventually the law developed so that a mechanism under which the legal title to property could to be vested in another. However, an individual could retain a beneficial interest in the property. This led to the modern concept of what is known as the trust. The bypassing of religious impediments was a founding reason for the trust. The Shariah Mortgage is another way of bypassing religious law. There are ways and means. Although credit card interest was unforeseeable at that time, interest as a concept clearly was foreseen - in fact, it was prevalent. Personally, I live by the motto of: Always spend other people's money (and by this I mean a bank's) where it is economically viable, sensible, and possible to do so.


I have read your message with great interest. It appears to be completely devoid of sarcasm and islamic debasement...Well Done!!! Yes, you are quite right. There are ways to get an Islamic mortgage on similar terms. I think they are legitimate terms in that such mortgages do not "bypass" religious laws. However, I find their terms to be very oppressive- but I would be within my religion to take one out. Yes, I do own a property outright. I bought it many years ago. I also own a credit card. But the bank does not get any interest from me. I use their services- cash machine,paying in, withdrawal, heating, lighting- all free for me. But they get nothing from me. This is islamic. I guess my question was aimed at those that use the credit card for everyday things then get into a spiral of debt and then need deals like these. Strictly speaking, the deal here itself is islamic (in a manner of speaking) because it is removing one from interest payments to no interest payments for a period of time only, after which, it becomes unislamic.
Banned
ranja81

So if you have no debt you're never going to own a house are you


I own my home outright. No mummy or daddy paid for it. I did it by saving, no holidays, no alcohol, no cigarettes, no luxuries. It is not a large home, but it is mine- I own it. Thanks for your concern.
Banned
ranja81

I think you just have no understanding........


I think you are the one with no understanding
someguy003

I have read your message with great interest. It appears to be completely … I have read your message with great interest. It appears to be completely devoid of sarcasm and islamic debasement...Well Done!!! Yes, you are quite right. There are ways to get an Islamic mortgage on similar terms. I think they are legitimate terms in that such mortgages do not "bypass" religious laws. However, I find their terms to be very oppressive- but I would be within my religion to take one out. Yes, I do own a property outright. I bought it many years ago. I also own a credit card. But the bank does not get any interest from me. I use their services- cash machine,paying in, withdrawal, heating, lighting- all free for me. But they get nothing from me. This is islamic. I guess my question was aimed at those that use the credit card for everyday things then get into a spiral of debt and then need deals like these. Strictly speaking, the deal here itself is islamic (in a manner of speaking) because it is removing one from interest payments to no interest payments for a period of time only, after which, it becomes unislamic.




I, also, have never paid my bank a penny for any of the services that they provide to me. The same is possible with credit cards if you use them appropriately.

You are right to say that I wasn't being sarcastic, I wasn't! Though, I wish you had extended to me the same courtesy and not been so patronising in saying 'well done' for doing so! (_;)
Banned
xeroc

I, also, have never paid my bank a penny for any of the services that … I, also, have never paid my bank a penny for any of the services that they provide to me. The same is possible with credit cards if you use them appropriately. You are right to say that I wasn't being sarcastic, I wasn't! Though, I wish you had extended to me the same courtesy and not been so patronising in saying 'well done' for doing so! (_;)


No sarcasm at all. I genuinely meant it. I get told to go an join Isis, go and blow myself up, go and marry a 6 yo girl, go back to my own country ( I did not know Highbury and Islington was a country) regularly on hukd. In the context, of these responses, yours was a well thought out and educated response, and required commendation (in my opinion).
someguy003

I think you are the one with no understanding


No, I think you have no understanding
thearbiter65

Technically yes. But the reality is, if I only paid the minimum I would … Technically yes. But the reality is, if I only paid the minimum I would have spent the rest! For me, it was a lot better to pay the set amount each month to ensure that the balance was cleared in full by the end of the term.The danger is if you pay the minimum and have debt left at the end of 32 months you may not be able to get another deal like this. Interests rates could have risen by that point.



It just seems a strange way to do it to me. If you pay the minimum payment and setup a separate account to put the remainder of the 1/32 payment you would have made, that account will essentially have the balance tucked away plus some interest. At the end you use that money to pay of the remaining balance and keep the interest, sweetening the deal some more.

I understand you may be tempted to take the imprudent route of raiding that account. But doing it your way, you'd also have the temptation of raiding the additional borrowing you've opened up on the CC (your credit limit stays the same, so you have access to the same amount of money as you would from the pay off account, instead this time its as available credit on the CC).

I guess you have certain barriers built up in your own mind to ensure you aren't stuck with expensive debt when the 0% offer expires.
Quick Question I have two credit cards and want to transfer £900 from one card and £2600 from another is it possible to balance transfer from separate credit cards ?

and is their a way to work out the total minimum payment for £3500 for 32 Months ?

Cheers
someguy003

You are most welcome. Visit your local mosque for teachings in how to … You are most welcome. Visit your local mosque for teachings in how to live a moral and proper life.


I'd rather cut my own head off
Banned
jamiemac1

I'd rather cut my own head off


Great reply. You took 35 minutes to come up with that?? Well done!!!
someguy003

Great reply. You took 35 minutes to come up with that?? Well done!!!


I've lived in Dubai, I have total respect for Islam, as I do for any other religion. What I don't care much for is idiots like you who feel the need to preach about the deal. Is it not a good deal for you?? then move on or vote cold if you want.
Famine

Can you transfer the money into your current account?



Dont think so, not at this rate anyway!

On another recent thread, someone mentioned doing a balance transfer to another credit card (that has a zero balance) putting it in credit, then asking that card company to transfer the positive balance to your current account.
Don't know if that works though? Anyone else?
edwardsi

1.4% is extremely good deal - take it from here and keep it in 1-2-3 … 1.4% is extremely good deal - take it from here and keep it in 1-2-3 account for 3% per annum which over 32 months equals to around 8% If interest rises between now and 32 months you could gain moreI dont think interest rate is going to fall any moreVery safe bet - voted hot


How do you transfer the balance to a bank account?
Whats the average acceptance rate for this card?
Wow! This thread deteriorated quickly.

I think most people agree that debt is not a good thing, but there is NO WAY I could save the £200,000 + that I needed to buy my house. I use borrowings responsibly to enjoy life and the home I live in. Furthermore, if no one in the UK borrowed our banking system would need a fundamental overhaul.

Credit Cards, loans and mortgages are a valuable thing and nothing to worry about if you are responsible (IMHO).
thearbiter65

Wow! This thread deteriorated quickly. I think most people agree that … Wow! This thread deteriorated quickly. I think most people agree that debt is not a good thing, but there is NO WAY I could save the £200,000 + that I needed to buy my house. I use borrowings responsibly to enjoy life and the home I live in. Furthermore, if no one in the UK borrowed our banking system would need a fundamental overhaul. Credit Cards, loans and mortgages are a valuable thing and nothing to worry about if you are responsible (IMHO).



Wasn't too bad. didn't notice anything racist. I think you have to live within the system of where you live. it's practically impossible for 'normal' people to buy a home outright without any mortgage.
herohonda777

is their a way to work out the total minimum payment for £3500 for 32 … is their a way to work out the total minimum payment for £3500 for 32 Months ?Cheers


Your joking, right?
Hot for me. I used a credit card to furnish my house after spending all my savings on the deposit. I could've waited longer and saved up, but then the house would've been more expensive.
someguy003

I own my home outright. No mummy or daddy paid for it. I did it by … I own my home outright. No mummy or daddy paid for it. I did it by saving, no holidays, no alcohol, no cigarettes, no luxuries. It is not a large home, but it is mine- I own it. Thanks for your concern.



​Your life is entirely pointless.
someguy003

I have no understanding of those who choose to live in perpetual debt. … I have no understanding of those who choose to live in perpetual debt. Don't these people know that credit card interest cost even more money??. I follow the teachings of my Prophet Muhammad (swt) and I do not have any debt/interest, or mortgage to pay off. I save up for things that I want. If I don't have the money, I don't buy it. Credit card interest is an alien and oppressive to Muslims and leads to a spiral of even more debt. I suppose the question is: How could a man that could not read or write and had no concept of credit card interest over 1400 years ago could possibly forsee the evils of credit card interest in 2015.



Why pay rent and not a mortgage, appreciate that you might own your own house, but sometimes it makes sense to take a line of credit.
0% on purchases for only 3 months? oO
Banned
jamiemac1

I've lived in Dubai, I have total respect for Islam, as I do for any … I've lived in Dubai, I have total respect for Islam, as I do for any other religion. What I don't care much for is idiots like you who feel the need to preach about the deal. Is it not a good deal for you?? then move on or vote cold if you want.


The comment was not directed at you. It's funny how you feel compelled to reply and then to claim someone you do not know is an "idiot". What is your basis for this judgement?? On another issue, can you tell me how much alcohol you consumed in that great islamic paragon of virtue you visited that is Dubai?
Post a comment
Avatar
@
    Text