Take control with our Balance Transfer Credit Card

Paying too much interest elsewhere? It's all about balance.

Bring a little balance

How it works

0% interest on balance transfers for the first 20 months, when you transfer within 90 days of account opening
2.99% balance transfer fee (minimum £5)*
manage existing debt with one monthly payment.

*after 20 months the rate for the transferred balance will change to the Standard Variable Rate at the time.

What to expect

apply in minutes, with no lengthy forms
no annual fee
average credit limit offered is £7,800*
make payments straightaway using Apple Pay and Google Pay.

*based on all accepted credit card applications over 2025.

Representative example

representative
24.9% APR (variable)
purchase rate
24.9% p.a. (variable)
based on an assumed credit limit of
£1,200.

Before you apply

Useful information

The below might not be the most interesting, but it’s definitely important you have a read before applying.

If you know there’s going to be changes to your personal circumstances, like maternity leave or changes to your employment, please apply by phone on 03 456 100 100.

Credit is subject to status.

Credit Card summary box

Repayment illustration

What you can expect to pay

We all know it makes financial sense to pay more than the minimum payment whenever possible.

Take a look at the example below (which includes introductory rates), for a hypothetical purchase of £1,000 on your Credit Card. If you only make the minimum payment each month, it will take you much longer to clear your balance and will cost you more.

	Minimum payment each month	£50 payment each month	£100 payment each month
Interest you'd pay in the 1st year	£186.25	£153.55	£93.08
Interest you'd pay in the 2nd year	£190.20	£77.54	£0.00
Length of time to clear the balance	19 years, 4 months	2 years,1month	11months

The above example makes a number of assumptions, including:

- The transaction took place on first day of January

- The credit card statement was produced 31 days later

- No further transactions were made on the card

- Payments were made on the 15th day of every month

- Interest is calculated based on the representative 24.9% APR variable rate

- Introductory rates are included

If you set up a recurring transaction (sometimes called a continuous payment authority), for a regular payment like this, it’s seen as an agreement between you and the retailer – so, unfortunately, it won’t be covered by the Direct Debit Guarantee.

Transferring your balances

It’s super simple to transfer your balances.

After you’ve received your card, get in touch to start a transfer.

on our App go to Help > Chat now
in Online Banking go to Message us
start your message with ‘I want to complete a Balance Transfer’ and we’ll get the ball rolling.

You can also give us a call any time, night or day on 03 456 100 100.

Transfer requests received after 3.30pm midweek, on a weekend, or on a bank holiday will be processed the next working day.

If we approve your request, payment will reach your other credit or store card provider by the end of the next working day.

A Balance Transfer fee of 2.99% (min £5) will be charged for each transferred balance made within 90 days of opening your account. After 90 days, the fee will be set out if we send you a balance transfer offer.

Sorry - we can't transfer balances between cards operated by members of the HSBC Group, including HSBC UK Bank plc, its subsidiaries, associated and affiliated companies. These include Marks & Spencer Financial Services plc. We can't transfer from all cards, for example, some store cards.

Ready to apply?

If you're happy with how that all sounds, the easiest way to apply is using the first direct App.

Head to the App to get started.

Scan the QR code to open up the App.

Apply now

Other ways to apply

Online Banking

By phone (only if there are changes to your personal circumstances)

Balance Transfer Credit Card cashback terms and conditions

Who is running the offer?

What is the offer?

Eligible customers who submit an application and successfully open a first direct Credit Card within the promotional period and complete a single or multiple balance transfers totalling £3,000 or more, will qualify for £30 cashback, paid to their first direct 1st Account.

Who is eligible for the offer?

To be eligible for the Credit Card cashback offer:

You must have submitted an application for a Credit Card during the promotional period of 19 January 2026 – 8 March 2026
The Credit Card must be opened on or before 6 April 2026 and remain open at the time the cashback is paid
A single or multiple balance transfers totalling £3,000 or more must be completed within 90 days of the account opening
The standard balance transfer fee of 2.99% with a minimum of £5 will be charged on all transfers
An active 1st Account must remain open at the time the cashback is paid
Only one cashback payment will be made per customer
You must be resident in the United Kingdom

You will not be eligible for this offer if:

Any Credit Card application is declined by us or not accepted by you
The credit limit offered, based on your personal circumstances is less than £3,000
A single or multiple balance transfers totalling £3,000 or more is not completed within 90 days of the account opening
The Credit Card or 1st Account is not open at the time the cashback is paid
Where incorrect information was given during the Credit Card application
Where you miss or have fallen behind with any minimum repayments or have broken any important terms of the Credit Card at the time we make the cashback payment

All existing Credit Card eligibility criteria and terms and conditions apply.

When / how will the cashback be paid?

The £30 cashback will be paid into a sole 1st Account where held. In the case of only a joint account being held, the payment will be made to the joint account.

The cashback will be paid by the following dates:

Credit Card opened and balance transfer(s) of £3,000 or more completed by 28 February 2026 will be paid on 31 March 2026
Credit Card opened and balance transfer(s) of £3,000 or more completed by 30 April 2026 will be paid on 31 May 2026
Credit Card opened and balance transfer(s) of £3,000 or more completed by 6 July 2026 will be paid on 7 August 2026

What else do I need to know?

We can change these terms or cancel the offer without telling you in advance if:

Required by law
There are reasons beyond our control
There’s a fair or valid reason

By opening a Credit Card, within the offer period, you are agreeing to the cashback terms and conditions, in addition to the standard terms and conditions for the product.

Balance transfers between cards operated by members of the HSBC Group, including HSBC UK Bank plc, its subsidiaries, associated and affiliated companies are not permitted. These include Marks & Spencer Financial Services plc. We can't transfer from all cards, for example, some store cards.

This offer is not transferable.

We may refuse any application for a Credit Card.

You are responsible for payment of any taxes payable on the cashback payment.

Contact us

If you have any questions about this offer, you can:

Chat with us in the App
Chat with us in Online Banking
Call us on 03 456 100 199

We can communicate with you electronically, which includes email, within internet / mobile banking app, text message or email to an electronic address or phone number you have given us.