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hsbc balance transfer

In case the Cardholder wants to apply for two Balance Transfers on the same other bank credit card, the subsequent request will be processed only 8 days after the previous Balance Transfer request. Balance Transfer transaction will block the available credit limit on the Cardholder's HSBC Card up to the amount of Balance Transfer on EMI availed of including applicable charges and Goods and Services Tax (GST). However, the benefit of a balance transfer card is being able to focus on clearing existing debt. If the Cardholder has subscribed for ‘Standing Instructions’ to automatically pay the credit card outstanding’s by a debit to the Cardholder’s HSBC Current/ Savings account, there will be a 5% minimum payment deducted from the outstanding instead of 100% outstanding. Move your outstanding card balance to HSBC If you have outstanding credit card balances with other banks, move them to your HSBC credit card and pay off the balance flexibly over a period of up to 24 months at a discounted interest rate. Switch to HSBC- transfer your Home Loan to HSBC at interest rates starting at 6.74% 1. HSBC will conduct a 'dummy authorisation for ₹1,000' on the other bank credit card. Balance conversion HSBC Card Balance Conversion Plan With HSBC’s Card Balance Conversion Plan, you can go on that adventure you’ve always wanted and live life to the fullest. Balance Transfer processed through NEFT cannot be reversed once the request has been processed and the amount has been credited to the other Bank credit card account. Make sure you keep up with this, otherwise you’ll have to pay a fee. The entire balance outstanding on the credit card (including any balances transferred) will become payable immediately upon closure of the credit card whether such closure is initiated by the Bank or by the Cardholder. HSBC Bank credit card customers can transfer their outstanding balance from other bank credit cards onto their HSBC credit cards without any hassles using the balance transfer option provided by the bank. HSBC will allocate payments received from you to pay off the portion of your balance attracting the highest interest rate first and subsequently to … EMI payable towards Balance Transfer on EMI will be set-off first before any payment is apportioned towards other outstanding. No Foreclosure charge is applicable in case of early repayment of Perpetual Balance Transfer amount. The entire balance outstanding on the credit card (including any balances transferred) will become payable immediately upon the closure of the HSBC Credit Card whether such closure is initiated by the Bank or by the Cardholder. Nothing contained in this scheme shall be constructed as an obligation on HSBC to continue the scheme after the scheme termination. Choose to pay more each month and close your Perpetual Balance Transfer earlier, as per your liquidity and convenience. The terms used herein are as defined in the HSBC Amanah Balance Transfer Terms and … To preclose the Balance Transfer facility Cardholder should contact HSBC Phone Banking. A Balance Transfer Perpetual transaction will first utilize the available cash limit before blocking the purchase limit. Balance Transfer-on-EMI is a facility that allows you to transfer the outstanding balance from your other bank credit cards to your HSBC Credit Card and repay it in easy monthly instalments at a lower interest rate. Calculate your balance transfer savings Enter an amount, select a plan and we will show you the savings you can get from our Balance Transfer offer. During your application, HSBC will ask if you want to transfer a balance from one of your existing cards. Credit is subject to status, affordability and applicable terms and conditions. By participating in this offer, the Cardholders shall be deemed to have accepted all the terms and conditions in totality. HSBC India reserves the right to seek such documents as deemed fit, for … This allows you to pay for things in shops, apps and on websites immediately using Apple Pay, while waiting for your new card to arrive. See our help and support pages for guidance and to find out what you can do through online and mobile banking. The minimum amount for each Balance Transfer ("BT") application is RM1,000. This site is primarily intended for those who access it from within India. Some HSBC balance transfer offers come with a one-off fee that’s calculated based on the amount of debt you transfer to the new card. You’re responsible for paying the other lenders until your transfer is complete. It’s easy to get in touch online. It's a simple way to get more from your HSBC credit card. Balance Transfer fees will apply. 2. By continuing to browse this site, you give consent for cookies to be used. Kindly note that according to the new payment hierarchy effective 5 August 2013, the payments will first be apportioned to the extent of minimum payment due, first by the following 'plans' i.e. In case of Balance Transfer on EMI, the EMI instalments will be treated as purchase outstanding for the purpose of payment apportionment. Our take on HSBC balance transfers: With a generous APR offer lasting as long as 12-18 months and no annual fee, transferring higher interest debt to a new HSBC credit card may be worth it. However, in absence of any specific request, NEFT would be a preferred way for all Balance transfer proceeds. HSBC may at its discretion discontinue the Balance Transfer facility at any time during the pendency of the facility, foreclose the loan and debit the entire outstanding amount to the credit card. If the amount (as mentioned in the verbal or written application form) to be transferred to the HSBC Card exceeds the maximum eligibility of the available credit limit on the date of acceptance by HSBC, HSBC will automatically transfer the amount which is equal to the customer's eligibility, and this policy is informed to the Cardholder at the time of application. We show offers we can track - that's not every product on the market...yet. HSBC will not be held liable for the service charges or late payment charges debited to your other bank credit card account until the execution of your Balance Transfer request. Go online and start a credit card application for one of the balance transfer cards that HSBC offers. Balance Transfer-on-EMI is a facility that allows you to transfer the outstanding balance from your other bank credit cards to your HSBC Credit Card and repay it in easy monthly instalments at a lower interest rate. This card had previously offered a lower 1.5% balance transfer fee on balance transfers. Follow us: Choose between loan tenures of 3, 6, 9, 12, 18 and 24 months, Apply now for the Balance Transfer facility This link will open in a new window, Apply Now for the Perpetual Balance Transfer facility This link will open in a new window, Enquire online for the Balance Transfer facility, Apply now for the HSBC Cashback Credit Card This link will open in a new window, HSBC India Facebook Account This link will open in a new window, HSBC India Twitter Account This link will open in a new window, HSBC India Youtube Account This link will open in a new window, Careers, media, investor and corporate information. If you're registered for mobile banking and have downloaded the app you can apply within the app in just a few clicks. Tax liability, if any, will be borne by the Customer. © The Hongkong and Shanghai Banking Corporation Limited, India (HSBC India). Convert your recent expenses on your HSBC Credit Card to affordable installments, payable up to 24 months. Add your partner or family members over 18 to your account. All rights reserved, Discover our longest balance transfer card. The interest rate on the balance transfer applies for 26 months and must be from non-HSBC credit cards. Processing fee: 1% of the Balance Transfer value (subject to minimum of ₹149) SMS ‘BTR’ to 575750 and our representative will call you back, Sample calculation of Monthly installment for ₹1,000. 5,000 to HSBC Credit Cards under … Plus, the HSBC Balance Transfer Credit Card offers cashback as well as rewards from your favourite shopping brands – all for no annual fee. SMS BTR to 575750 and our representative will call you back. Kindly note that according to the new payment hierarchy effective from 5 August 2013, the payments will first be apportioned to the extent of minimum payment due, first by the following 'plans' i.e. 0% interest for 25 months* on balance transfers made within the first 60 days of account opening, 0% interest on purchases for 3 months* from account opening. You’ll need to pay in at least £1,750 per month. Please note that basis Goods Service Tax (GST) regulations and notified GST rates, Central GST and State/Union Territory GST or Inter-State GST, as applicable, would apply on our fees and charges with effect from 01 July 2017. What is a balance transfer? 127776-V) is referred herein as “HS ank”. Delight in a smart way of saving interest. Add your new credit card to Apple Pay from the iOS version of the HSBC UK Mobile Banking app. Processing fee is 1% of the Perpetual Balance Transfer (subject to minimum of ₹149). The Cardholder can transfer the outstanding balance from one or more other bank credit cards under the same or different Balance Transfer options, within the HSBC Credit Card limit. Effective 2 October 2013 prepayment charges on foreclosure of Balance Transfer perpetual facility will not apply. The balance transfer fee. Kindly note that according to the new payment hierarchy effective 5 August 2013, the payments will first be apportioned to the extent of minimum payment due, first by the following ‘plans’ i.e. All fields mandatory : Name : Are you an existing HSBC Customer : Occupation : Yes No : Salaried Self Employed : Annual Income: City : Mobile Number : Loans available for listed cities only . This offer is by way of a special facility for select Cardholders and nothing contained herein shall prejudice or affect the terms and conditions of the Cardholder's agreement. Balance Transfer Consolidate all of your outstanding balances to your HSBC credit card. HSBC customers can use the HSBC Phone Banking service, SMS Banking or use the HSBC website to opt for the Balance Transfer facility. HSBC’s Card Balance Transfer can help you simplify things in your life and save at the same time. The Balance Transfer transaction will block the available credit limit on the Cardholder's credit card up to the amount of Balance Transfer on EMI availed including applicable charges and Goods and Services Tax (GST). Low Interest Rates: HSBC lets you pay it off in EMIs for longer periods at a reduced interest rate of 10.99% to 15% p.a. : you can Transfer balances from more than one other bank credit card will be applicable from date... Is 1 % Balance Transfer credit cards will charge you their standard rate. After this period, any Balance Transfer fee on Balance transfers any Balance Transfer will be approved subject to at! Way to get more from your HSBC credit cards will charge you their standard rate. 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