If you’re looking for the latest balance transfer offers from HSBC, you’ve come to the right place.
HSBC Credit Card Balance Transfer Offers:
HSBC Platinum MasterCard® credit card – 0% introductory APR on credit card purchases and balance transfers for the first 18 months from account opening with a balance transfer fee of 4% (minimum $10) and no annual fee.
HSBC Platinum MasterCard® with Rewards credit card – 0% introductory APR on credit card purchases and balance transfers for the first 12 months from account opening with a balance transfer fee of 4% (minimum $10) and no annual fee.
HSBC, like most other credit card issuers, offers promotional APR as low as 0% on both balance transfers and purchases.
Although they may not be as aggressive as other card issuers, such as American Express, Bank of America, Capital One, Chase, Citi or Discover, they still offer 0% balance transfers and other great deals from time to time.
And if you’re looking to move credit card debt from one of these credit card issuers, HSBC may be a good alternative, as you can’t transfer debt from within the same bank. So if you’ve run out of balance transfer options, HSBC may be worth a look.
You May Want to Try Other Card Issuers First
However, HSBC tends to be pretty conservative when doling out credit lines. When I was younger I think they gave me a credit line of like $500. Clearly that’s too low to make most balance transfers worthwhile. So if you have a lot of debt you need transferred tread cautiously to avoid an unnecessary credit pull.
In recent years, many credit card issuers have scaled back their balance transfer offerings substantially in light of the ongoing credit crunch, so offers from the mid-level players are rather sparse. HSBC is a very large global bank with U.S. offerings, but there are more aggressive credit card issuers here in the United States.
I’d personally check the big U.S. issuers like Bank of America, Chase, Citi, and Discover first. You’ll probably get a better deal (lower balance transfer fee, longer 0% APR), and a higher credit limit.
Of course, it’s only a matter of time before HSBC re-introduces better balance transfer offers, so be sure to visit this page often as they may wind up having the best deal for you.