HSBC Balance Transfer Credit Cards in UAE

With over 70 years of dedicated banking service, HSBC has played a key role in the economic development of the MENA region. The bank was established in 1946 in UAE with its forerunner - the Imperial Bank of Iran. Following its withdrawal from Iran, HSBC acquired the bank completely in the UAE in 1959. Today, it is one of the leading financial institutions in the world with more than 40 million customers in 64 countries. The bank offers a variety of personal and commercial banking services including loan and credit services. HSBC credit cards are among the popular products providing easy and affordable short-term loans for daily expenses.

Managing credit cards can be tricky sometimes and can result in huge debts. Considering the issue, the bank offers HSBC balance transfer credit cards which provides easy repayment options with minimal interest rates. In addition, the bank offers a 0% interest rate on credit card balance transfers for the first year as well as several rewards and benefits.

Best HSBC Balance Transfer Credit Cards in UAE

HSBC Black Credit Card

Features & Benefits of HSBC Black Credit Card

• Easy balance transfer facility with a flexible tenure ranging from 6 to 36 months.
• Get as low as 0% interest rate on the balance transfer amount for the first 12 months. 
• Complimentary access to over 1,000 luxury airport lounges across the globe via Loungekey.
• 10% discount on all air and hotel bookings through Cleartrip.
• 20% discount on all British Airways flights and 10% discount on Expedia bookings.
• Complimentary night stays at Marriott Bonvoy properties.
• Other lifestyle benefits like discounts on dining and entertainment.
• Purchase protection, extended warranty and Flexi Instalment plans.

HSBC Premier Credit Card

Features & Benefits of HSBC Black Credit Card

• Convenient balance transfer option with a flexible tenure ranging from 6 to 36 months.
• Avail as low as 0% interest rate on the balance transfer amount for the first 12 months. 
• Unlimited access to premium select airport lounges all around the globe through LoungeKey.
• 10% discount on all flight and hotel bookings through Cleartrip.
• 15% discount on select British Airways flights and 10% discount on Expedia bookings.
• Complimentary night stays at Marriott Bonvoy properties.
• Other lifestyle benefits like discounts on dining and entertainment.
• Extended warranty, purchase protection and Flexi Instalment plans.   

HSBC Advance Credit Card

Features & Benefits of HSBC Advance Credit Card

• Easy to avail balance transfer option with a flexible tenure ranging from 6 to 36 months.
• Avail as low as 0% interest rate on repayment for the first 12 months. 
• Unlimited complimentary access to selected airport lounges all around the world.
• Up to 30% discount on all hotel bookings and airfares with Cleartrip.
• 15% discount on select British Airways flights.
• Discounts on luxury serviced apartments for your longer stays.
• Other lifestyle benefits like discounts on dining and entertainment.
• Flexi Instalment plans.   

HSBC Cashback Credit Card

Features & Benefits of HSBC Cashback Credit Card

• Convenient balance transfer option with a flexible tenure ranging from 6 to 36 months.
• Get as low as 0% interest rate on repayment for the first 12 months. 
• 12 complimentary visits to more than 1000 premium airport lounges across the world in a calendar year.
• 2 free airport pick up and drop facilities for up to AED 100 per ride to domestic airports.
• Travel insurance of USD 500,000 for the cardholder and family.
• 12% off at over 985,000 hotels and rental homes with Agoda.
• Cashback and rewards on each AED you spend on fuel, supermarket purchases, etc.
• Purchase protection and extended warranty on products purchased using the credit card.
• Flexi Instalments plan with as low as 0% interest rate.

HSBC Platinum Select Credit Card

Features & Benefits of HSBC Platinum Select Credit Card

• Quick and easy balance transfer facility with flexible tenure of up to 36 months. 
• Get as low as 0% interest rate on the balance transfer amount for a tenure of up to 12 months. 
• Avail Airmiles rewards on every AED 4 spent using the credit card. You can redeem the Airmiles to avail of discounts on flight and hotel bookings including retail purchases. 
• Avail up to 30% discount at over 400 restaurants across UAE.
• Complimentary access to the HSBC Entertainer app.

Features of HSBC Balance Transfer Credit Cards

HSBC credit cards are customer-oriented and designed to meet their financial requirements. Given below are the important features of HSBC credit cards with a balance transfer facility. 

• Low Annual Membership Fee - HSBC credit cards come with low annual membership charges in comparison to its competitors. The bank also offers a few no annual membership fee credit cards or cards that are free for the first year.
• Minimum Salary Requirement - Each HSBC credit card comes with a minimum income requirement and the customer needs to satisfy this criterion to avail of the credit card. For HSBC balance transfer credit cards in UAE, the salary requirement ranges between AED 10,000 to AED 50,000. 
• Convenient Balance Transfer Facility - The bank offers a quick and convenient credit card balance transfer facility. Using this feature, individuals can transfer their card debts to another credit card (not necessarily an HSBC credit card) and enjoy a longer repayment period with lower interest rates. The bank offers 0% interest rates on balance transfers for the first 12 months. 
• Purchase Protection - The bank protects the cardholders’ purchases from unauthorised transactions due to theft, accidental damage caused to the products if you make a full payment.
• Extended Warranty - HSBC credit card automatically applies extended warranty on the products purchased via the card for payments done in full. The warranty of such products gets extended by an additional year. 
• Cashback and Reward Program - HSBC offers access to exclusive rewards and cashback on each credit card purchase. Individuals can earn up to 10% cashback on eligible products using an HSBC cashback credit card. 

Benefits of HSBC Balance Transfer Credit Cards in UAE   

Being of the most popular credit card choices in UAE, HSBC bank offers numerous benefits that include affordability, lower retail rates, periodic rewards and offers and a lot more. Following are the important benefits of HSBC balance transfer credit cards. 

• The bank offers as low as 0% interest on credit card balance transfers for the first 12 months. 
• The cardholder can transfer an amount equal to his/her credit limit.
• HSBC offers a convenient repayment tenure ranging from 6 months to 3 years. However, the interest rate will depend on the transfer amount and the repayment period. 
• Receive exclusive cashback offers and discounts on HSBC credit cards. 
• Avail of up to 12% discount on hotel stays in over 985,000 hotels worldwide including 15% off on British Airways flight bookings for select destinations. 
• Get complimentary access to over 1000 airport lounges around the world via LoungeKey. 
• The cardholders also get purchase protection and an extended warranty on eligible commodities. 
• Enjoy lifestyle, dining and entertainment offers on the HSBC credit cards. 

List of HSBC Balance Transfer Credit Card with Salary Requirement in UAE

HSBC Credit Card	Salary Requirement
HSBC Zero Credit Card	Minimum Salary Requirement of AED 10,000
HSBC Black Credit Card	Minimum monthly salary of AED 50,000 or a premier account with HSBC.
HSBC Premier Credit Card	An individual with HSBC premier account.
HSBC Advance Credit Card	Individuals with an HSBC Advance Bank Account.
HSBC Cashback Credit Card	Minimum salary requirement of AED 10,000.
HSBC Platinum Select Credit Card	A minimum salary transfer of AED 10,000 in the account.

Eligibility Criteria for HSBC Balance Transfer Credit Cards in UAE

Individuals applying for HSBC credit cards with a balance transfer facility need to fulfil the basic eligibility criteria. Each card may have its own criteria; the common eligibility criteria are given below. 

• Age - Applicant must be at least 21 years of age. The maximum age limit varies between the age of 60 to 70 years depending on the credit card. 
• Salary Requirement - Individual needs to fulfil the salary requirements depending on the card type. 
• Nationality - UAE residents/ nationals and expats are eligible to apply for balance transfer credit cards, subject to the submission of required documents.

Documents Required for HSBC Balance Transfer Credit Cards

Individual needs to submit the following documents while applying for HSBC credit cards.

Identity Proof

The applicant will be required to submit all of the following documents for identity proof. 

• A valid Passport ID (Original and copy). 
• A valid Emirates ID (Original and copy).
• Residence visa for the non-GCC residents. 

Proof of UAE Residence

Individual needs to submit any one of the following documents for residence proof. 

• EJARI or agreement of Tenancy. 
• Latest utility bill (not older than 2 months). 
• Title deeds (if you are a house owner). 

Income Proof

Individuals need to submit all of the following documents for income proof. 

• Latest bank statement of your salary account (last two months). 
• Salary certificate from the current employer. 

 How to Apply for HSBC Balance Transfer Credit Cards?

HSBC offers an easy credit card application process via online, offline modes and through the phone. An individual can use the following means to apply for a balance transfer credit card.

• Online Application - Visit the HSBC official website and select your preferred card. Subsequently, fill in all your details and click on the apply button for a credit card. The bank will contact you for further process.
• Offline Application - Visit the nearest branch of HSBC Bank with all the required documents and apply for your preferred credit card as per the direction of the bank representative.
• Application via Phone - An individual can call the bank’s support team on the mentioned numbers 800 444 7773 (within UAE) or +971 4 224 1000 (outside UAE) and apply for an HSBC credit card.

Important Terms & Conditions for HSBC Balance Transfer Credit Cards

Following are the important terms and conditions for HSBC credit cards with a balance transfer option. 

• The minimum and maximum balance transfer amount are based on individual circumstances and the bank has full discretion to allow the amount of balance transfer. 
• Various fees including balance transfer processing fees, early settlement fees and interest rates will be communicated or displayed on the customer’s online account. 
• If the cardholder fails to pay the due amount during balance transfer tenure for two consecutive months, the outstanding balance transfer amount will become due in the next card statement. 
• The bank will take around 5 days to transfer credit card balances after approval. The bank does not hold any liability for the delay due to insufficient/incorrect information furnished by the cardholder. 
• The balance transfer pay-off tenure ranges between 6 months to 3 years. The bank offers as low as 0% interest rate for the first 12 months. 

Schedule of Charges for HSBC Credit Cards with Balance Transfer Facility 

Given below are the important fees and charges on HSBC credit cards with a balance transfer facility. 

HSBC Credit Card	Annual Charges
HSBC Zero Credit Card	Free
HSBC Black Credit Card	AED 1575
HSBC Premier Credit Card	Free
HSBC Advance Credit Card	Free
HSBC Cashback Credit Card	AED 313.95
HSBC Platinum Select Credit Card	Free
Other Fees and Charges
Balance Transfer Interest Rates	Reducing interest rate, 0% for a term plan of 6-12 months
Balance Transfer Processing Fee	1.5% (For 6 months) 3.0% (For 12 months) 6.0% (For 24 months)
Early Settlement Fee	AED 0
Finance Charges	3.24% on Black and Premier Cards 3.45% on Advance and Cashback cards
Cash advance fee	3.15% or AED 100 whichever is higher
Late Payment Fee	AED 241.5
Supplementary Cards Charges	Free for Black and Premier Cards AED 105 for Advance and Cashback Cards

Top Bank's Credit Cards That Offer Balance Transfer in UAE

Balance Transfer Credit Cards in UAE
Noor Balance Transfer Credit Cards in UAE	RAKBANK Balance Transfer Credit Cards in UAE
Deem Balance Transfer Credit Cards in UAE	FAB Balance Transfer Card in UAE
Mashreq Balance Transfer Card in UAE	ADCB Balance Transfer Credit Cards in UAE
Finance House Balance Transfer Credit Card in UAE	Standard Chartered Balance Transfer Credit Card in UAE

FAQ's on HSBC Balance Transfer Credit Card in UAE