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Card Balance Transfer

Enjoy greater financial freedom

Enjoy savings on interest with our low balance transfer rate

There's no better time than now to transfer your credit card balances or credit lines to HSBC. With our low balance transfer rate, you'll be able to enjoy greater financial freedom.

  • 2.50% per annum for 6 months1 with processing fee of S$88 (EIR: 4.39% per annum2)
  • 4.88% per annum for 12 months1 with processing fee of S$88 (EIR: 6.77% per annum2)

Plus, enjoy a waiver of processing fee for approved amount of S$10,000 and above.

Here's how much you can save based on a Balance transfer amount of S$10,000

Detail 6 months 12 months
Interest payable with other banks' credit card at 25% per annum S$1,250 S$2,500
Transfer funds 2.50% per annum (EIR is 4.39% per annum2) 4.88% per annum (EIR is 6.77% per annum2)
Interest payable with balance transfer S$125 S$488
Upfront processing fee S$88 waived S$88 waived
Save up to S$1,1253(up to 90% savings!) S$2,0123 (up to 80% savings!)

Here's how much you can save based on a Balance transfer amount of S$10,000

Detail Interest payable with other banks' credit card at 25% per annum
6 months S$1,250
12 months S$2,500
Detail Transfer funds
6 months 2.50% per annum (EIR is 4.39% per annum2 )
12 months 4.88% per annum (EIR is 6.77% per annum2 )
Detail Interest payable with balance transfer
6 months S$125
12 months S$488
Detail Upfront processing fee
6 months S$88 waived
12 months S$88 waived
Detail Save up to
6 months S$1,1253 (up to 90% savings!)
12 months S$2,0123 (up to 80% savings!)

Figures have been simplified for illustration purposes.

1 Balance transfer terms and conditions apply. 

2 The Effective Interest Rate (EIR) is calculated based on an approved balance transfer of S$10,000 with 3% monthly minimum payment and full payment of the balance transfer amount outstanding at the end of the promotion period. EIR is subjected to compounding if the monthly finance charges are not paid in full.

3 Savings when compared to interest rate of 25% per annum typically charged on other credit cards.

Apply now

Simply provide us with the necessary details and we'll transfer the money to your account of your choice upon approval. Act now to enjoy greater savings!

Apply by SMS

Simply SMS BT<space> NAME <space> NRIC to 74722

An HSBC customer service officer will then contact you on your application within three working days

Apply by phone

Contact us on 1800-HSBC NOW
(4722 669)
 to apply.

Terms and conditions

Revision to fees and charges

Please note that upon approval of your balance transfer, payments made to your HSBC credit card account are applied in the following order of priority, namely : interest charges, late charges, annual card membership fees, cash advances, outstanding balances not under promotional interest rates and balance transfer amounts (if there are multiple balance transfers, payment will be made to the one with the highest interest rate first) on your card.