Unfortunately, this deal is no longer valid
HSBC Credit Card 0% on balance transfers for 32 Months (1.4% fee)
337° Expired

HSBC Credit Card 0% on balance transfers for 32 Months (1.4% fee)

25
Posted 10th Jan 2019

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Thought this was quite a good deal so thought I would post. I have just applied and been accepted for a balance transfer card with HSBC at 0% for 32 months. This is the longest interest free offer on the market at present. There is a fee of 1.4% but they are also offering £25 free if you transfer at least £300 so this outweighs any fees.
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25 Comments
Perfect deal! Many thanks op
Your very welcome.
I have used this for a transfer before, good deal. Unlike Barclays, they will give you a decent limit on the card - I applied a few years ago and received a £8,000 limit with a very average credit score at the time. That is even though I only asked for £1,000. The only downside is that their security is a bit odd - they ask you to set up so many different questions and passwords, it's a bit off-putting. I do appreciate it a banking app but I think it is a bit over the top.
I haven’t got that far yet so I can’t comment. I applied via an email I got advertising the rate that took me direct to HSBC website. Thanks for the heads up though on the security thing. They have given me a fairly good credit limit, the highest I have on any of my credit cards to be exact. Barclays I tend to find are a nightmare to deal with. They offered me £800 limit and have not set to increase it in 3 years. No use at all for most people including myself.
I personally have nothing against Barclays - I have a current account, a loan and a credit card with them and I am very happy with all three. They are however very cautious with the credit limits - at first they offered me a £300 limit and only agreed to increase it after 6 months. Fair enough, my credit history was non-existent at the time so I can see their reasons. Some other people said they received £400 with a credit score of 998 in the other thread though? :/
Is it possible to apply for a £5000 limit? Got a Zopa loan and could save a couple of hundred in interest if I could transfer it to interest free.
Edited by: "mario999" 10th Jan 2019
Madness. How do they think they will earn any money by giving ridiculously low credit limits? Think they need to rethink their lending criteria. Glad your happy with their other products though.
mario9994 m ago

Is it possible to apply for a £5000 limit? Got a Zopa loan and could save …Is it possible to apply for a £5000 limit? Got a Zopa loan and could save a couple of hundred in interest if I could transfer it to interest free.


Not sure about that one. It’s balance transfer so could just be cards. Suppose you could pay it off with another credit card though and then balance transfer that amount? £5k is what they offered me but you can only transfer 90% of limit to the card so I suppose it comes down to what limit they will offer you.
Edited by: "samdonagain" 10th Jan 2019
I must be honest, I find HSBC's online Banking to be horrendous. Its so cumbersome and complicated
A very long 0% period, however the 22m 0% fee and £20 cashback (+ £20 Quidco) on Barclays is more tempting.
keith.powell2 m ago

I must be honest, I find HSBC's online Banking to be horrendous. Its so …I must be honest, I find HSBC's online Banking to be horrendous. Its so cumbersome and complicated


So I’ve heard but I guess I won’t be using it much. Only got it for interest free balance transfer. Set up a direct debit, don’t use the card and jobs a good one
iambigred4 m ago

A very long 0% period, however the 22m 0% fee and £20 cashback (+ £20 Q …A very long 0% period, however the 22m 0% fee and £20 cashback (+ £20 Quidco) on Barclays is more tempting.


Depends on how much you need to transfer really given mine and highdon’s experience of past.
Anyone know what their credit limit is like if you've a good credit score? They won't tell me until I apply i.e. no soft check available. Looking for a £12,000 limit earning £38k pa
steviep4319 m ago

Anyone know what their credit limit is like if you've a good credit score? …Anyone know what their credit limit is like if you've a good credit score? They won't tell me until I apply i.e. no soft check available. Looking for a £12,000 limit earning £38k pa


As I mentioned in my previous comment, I got a £8,000 limit even though I only asked for £1,000. That was with average credit score and lower earnings than yours. You should be alright.
This is fine if transferring a relatively small (<£1800) balance, but anything above and you'd be better off with this 20 months 0% fee-free card from Barclays which gives £20 cashback.

Or alternatively, this one from Santander has no fee, no cashback and 27months 0%, which would still be better for amounts over £1800.
worse bank ever i will never bank with them again, i’ve never known a bank to ask you so many questions when you withdraw £80k of your own money then be told no and that i had to wait 2 weeks and had to explain way i was with drawing this amount and what was it for just give my money and mind your own business
steviep431 h, 1 m ago

Anyone know what their credit limit is like if you've a good credit score? …Anyone know what their credit limit is like if you've a good credit score? They won't tell me until I apply i.e. no soft check available. Looking for a £12,000 limit earning £38k pa


you limit is not just based on your credit score they need to see some credit history like loans or previous credit cards then you will get your limit which will go up slowly, ill give you an eg my friend had a credit score of about 950 out of 1000 which is excellent score he earned £100k a year but his never taken out a-loan or credit card before so he had no credit history there for when he did apply he was only able to get a capital one card with a £500 limit to start with.
good deal thanks
keith.powell4 h, 43 m ago

I must be honest, I find HSBC's online Banking to be horrendous. Its so …I must be honest, I find HSBC's online Banking to be horrendous. Its so cumbersome and complicated


I actually find it fine. Compared to others I've used you don't have to remember 3 different passwords or codes etc. Get authorisation codes from the app and it's done.
highdon17 h, 6 m ago

I have used this for a transfer before, good deal. Unlike Barclays, they …I have used this for a transfer before, good deal. Unlike Barclays, they will give you a decent limit on the card - I applied a few years ago and received a £8,000 limit with a very average credit score at the time. That is even though I only asked for £1,000. The only downside is that their security is a bit odd - they ask you to set up so many different questions and passwords, it's a bit off-putting. I do appreciate it a banking app but I think it is a bit over the top.


I agree their security is bonkers

At least you can use your fingerprint to access the app on mobile

Doing anything via the website requires half a dozen passwords and a whimsical song and dance
highdon16 h, 55 m ago

I personally have nothing against Barclays - I have a current account, a …I personally have nothing against Barclays - I have a current account, a loan and a credit card with them and I am very happy with all three. They are however very cautious with the credit limits - at first they offered me a £300 limit and only agreed to increase it after 6 months. Fair enough, my credit history was non-existent at the time so I can see their reasons. Some other people said they received £400 with a credit score of 998 in the other thread though?


When I joined them I had a score of 750ish and was given £3500 limit

Score is now in the 990ish range so maybe they would give more now.
Can someone tell me how does balance transfer work does it cover current account overdraft...personal loans..or is it just credit card
jk198455 m ago

Can someone tell me how does balance transfer work does it cover current …Can someone tell me how does balance transfer work does it cover current account overdraft...personal loans..or is it just credit card



Credit cards only mate on these deals. The workaround is to use your regular credit card to pay off whatever you need to pay off and then transfer the balance of that to your transfer card. It is a common trick to get away with not paying much interest on your loans.
akajay0710/01/2019 17:15

This is fine if transferring a relatively small (<£1800) balance, but …This is fine if transferring a relatively small (<£1800) balance, but anything above and you'd be better off with this 20 months 0% fee-free card from Barclays which gives £20 cashback.Or alternatively, this one from Santander has no fee, no cashback and 27months 0%, which would still be better for amounts over £1800.



Do you know what sort of credit limits Santander give
daviet1237 h, 43 m ago

Do you know what sort of credit limits Santander give


Not the foggiest, I'm afraid - never had a card with them. In my experience, Halifax and Tesco have been quite generous but they only offer 20 months 0% (with no fee) compared to Santander's 27.
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