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Credit Card - For Balance Transfers

Paying interest on existing cards? This could be the card for you. Save on interest while you pay things off by moving your balances to our Balance Transfer Credit Card.

The best bits...

0% interest on balance transfers*

We'll take care of the interest, so you can focus on paying off your total with no interest for 20 months. 2.99% balance transfer fee (minimum £5) applies in the first three months

Protect your purchases

if a supplier stops trading or doesn’t deliver what's expected, we can help get a refund. Find out more about Section 75

Take control of your finances

With one simple monthly payment

Representative example

Assumed credit limit	Representative APR	Purchase rate
Assumed credit limit £1,200	Representative APR 24.9% APR variable	Purchase rate 24.9% p.a. variable

There's more...

apply in minutes on our app - because we know you, it's quick and easy to apply
start using your card straight away by adding your card to Apple Pay or Google Pay
2.99% balance transfer fee (minimum £5)
manage your card easily and securely with our App

*The rate for balance transfers is 0% interest for 20 months from opening your account. At the end of the promotional period the rate on the outstanding balance will change to the standard variable rate that applies at the time.

Transferring balances is easy

Once you've received your card you can contact us through our App - go to 'Help' and select 'Chat now'. Or in Online Banking, select 'Message us'. Start your message with ‘I want to complete a Balance Transfer’ and we’ll be able to help you with your request. Transfer requests received after 3.30pm or on a weekend or 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. This includes Marks & Spencer Financial Services plc. We can't transfer from all cards, for example, some store cards.

Show the section Credit Card summary box

Our Credit Card in detail

Here are the things you need to know before you can decide if our Credit Card is right for you.

first direct Credit Card Summary Box

The information contained in this table summarises key product features and is not intended to replace any terms and conditions.

APR	Representative 24.9% APR variable
Interest rates		Introductory Rate	Monthly Rate		Annual Rate
	Purchases	N/A	1.873%		24.9%
	Cash advances	N/A	2.207%		29.9%
	Balance transfers	0% on balance transfers made within 90 days of account opening for 20 months from the date of transfer	1.873%		24.9%
Interest-free period	Maximum 56 days for purchases if you pay your transaction balance (the amount you owe excluding any instalment plan) in full and on time. If you have an instalment plan, you’ll also need to pay the monthly instalment and fee.
Interest charging information	We won't charge interest on any purchases shown in a statement if you pay the full transaction balance and any monthly instalment plan payments by the payment due date. Otherwise, the period over which interest is charged will be:
	Purchases, cash advances and balance transfers	From		Until
		Date charged to your account		Paid in full
Allocation of payments	We apply your payments in a certain order if the amount you pay in a month is less than the full amount you owe. We explain the order below. (1) To any overdue minimum payments (we call these 'arrears’) (2) To the minimum payment for that month (3) To any monthly instalment (or instalments) and instalment plan fees (4) To the rest of the transaction balance. You can find that amount in your statement (5) To any transactions, interest or charges that haven't yet been included in your statement (6) To any instalment plan balances that are left. In each case we apply payments first to amounts that we charge the highest interest rate on before we apply them to amounts charged at lower rates or zero interest. We always pay off interest and charges first. Sometimes amounts are charged at the same interest rate. If that's the case, we'll apply your payment to the oldest amounts first. If you have more than one instalment plan we'll apply the payment against them in the order they were added to the account, starting with the plan that has been on the account longest.
Minimum repayment	We explain below how we work out the amount of your minimum payment. It'll be the highest amount that we work out from the three options below: A. The total amount of: (a) interest added to the account since your last statement; plus (b) any default charges (this is a charge that applies where you've broken the agreement, for example, you pay late); plus (c) 1% of the rest of the amount you owe. B. 3% of the full amount you owe. C. £5.
Credit limit	Minimum credit limit	£500
	Maximum credit limit	Subject to status
Fees	No annual fee
Charges	Cash Fee	2.99% of the cash or cash related payment (minimum £3)
	Balance transfers	2.99% fee (minimum £5) of each balance transferred within 90 days of account opening. The charge for balances transferred after 90 days from account opening will be set out if we send you an offer for a balance transfer.
	Instalment plans	Before you take out an instalment plan, we'll tell you the fees that apply.
Foreign Usage	Payment Scheme Exchange Rate	Rates can be found at: visa.co.uk/support/consumer/travel-support/exchange-rate-calculator.html Opens an overlay [Will show a security message first]
	One or more of the following may apply:
	Non-Sterling Transaction Fee	2.99% of the transaction amount in Sterling (rather than the currency of the transaction) The minimum charge is £3 for cash or cash payments
	Cash Fee	2.99% of the cash or cash related payment (minimum £3)
Default fees	If you’re late making the minimum payment	£12
	If you’re over your credit limit (even if we’ve allowed you to go over)	£12
	If a payment is returned unpaid	£5
	If we need to enforce repayment, including legal and tracing costs	Our reasonable costs

Show the section Repayments 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	Minimum payment each month£186.25	£50 payment each month£153.55	£100 payment each month£93.08
Interest you'd pay in the 2nd year	Minimum payment each month£190.20	£50 payment each month£77.54	£100 payment each month£0.00
Length of time to clear the balance	Minimum payment each month19 years, 4 month	£50 payment each month2 years, 1 month	£100 payment each month11 months

The above example makes a number of assumptions:

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.

How to apply for a Gold Card

Existing Customers

Log on to our App or Online Banking and go to ‘products’. If you want to apply for a loan in the App, you'll need to make sure you're on the latest version. Please visit the App Store for your device to upgrade.

Log on to Online Banking

New to first direct

Apply for our current account, and start banking wherever you are.

Before you apply

You'll find more information in the Credit Card summary box and repayments illustration tabs on this page.

Please also read the following information before you apply:

If you know there are changes to your personal circumstances coming up - like maternity leave, a change in disposable income or a new job - or you are on a temporary or zero hours contract, please apply by telephone on 03 456 100 100.

This promotion is only available to first direct Current Account holders who haven't had a first direct Credit Card or Gold Card within the last six months. As you'd expect, credit is subject to status.

Who can apply?

All we ask is that you can say yes to everything below:

You’re 18 or over
You are a UK resident and live permanently in the UK
You have an annual income/pension before tax of £6,800 or more
You haven’t been declared bankrupt or registered for an Individual Voluntary Agreement in the last 6 years (or in the process of doing so.)