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HSBC's Balance Transfer

HSBC's Balance Transfer

Bigger Savings on Interest*

Enjoy low monthly payments with 0.70%* add-on interest for 14, 20 and 26 months when you transfer your non-HSBC credit card balances to your HSBC credit card. Plus, you will enjoy:

  • Bonus points on the transferred balance that let you redeem rewards items and/or free flights
  • The option to pay as low as the minimum payment amount due on the outstanding balance when necessary

* Balance Transfer Terms and Conditions apply
Per DTI NCR Permit Number 4021 Series of 2010.

Requirements

Here are the conditions to qualify for HSBC's Balance Transfer promotion:

  • Your primary non-HSBC credit card must be current and active as of the time of application
  • Your approved Balance Transfer amount must result to a monthly principal installment amount of at least PHP500
  • The maximum Balance Transfer amount is 80% of the assigned credit limit on the HSBC credit card, less the outstanding balance at the time of approval
  • To apply, fill out completely the Balance Transfer form * and send a copy of the latest statement of account for your non-HSBC credit card via fax to (02)755-5070

Choose the option that best suits your budget:



Tenor
(months)
Add-On Interest
per month
Factor Rate Minimum BT Amount Effective Rate per Annum
14 0.70%* 0.07843 Php7,000 15.26%
20 0.05700 Php10,000 15.38%
26 0.04546 Php13,000 15.36%


Sample Computation:
Transfer Php10,000 for 14 months at 0.70%* add-on interest per month

Sample computation

Apply now! Fill out completely the Balance Transfer form *

*Access to the Balance Transfer form requires registration to the HSBC Internet Banking. The form is available in the Application Centre section. Not yet registered to HSBC Internet Banking? Register now.

NOTE: The Balance Transfer Amount shall be posted as a regular transaction and shall form part of the Total Amount Due on each account statement. If you revolve any portion of the Total Amount Due in any given month, your Balance Transfer Installment Amount shall be included in the computation of finance charges for that month. Balance Transfer Terms and Conditions apply.

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Next steps

Apply now Applicants must have a minimum income of P120,000 per annum and be at least 21 years of age.

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