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HSBC Platinum Credit Card – 0% Balance Transfer Offer
2 reviews

HSBC Platinum Credit Card – 0% Balance Transfer Offer

Apply by 31 December 2019

Purchase rate

19.99% p.a.

Balance transfer

0% for 22 monthsreverts to 21.99% p.a. No BT fee

Annual fee

$129 p.a.

Pros

0% p.a. interest on balance transfers for 22 months with no balance transfer fee

No annual fee when you meet the spend criteria (reasonable $6,000 yearly spend required).

Earn 2 points per dollar on overseas purchases and 1 point per dollar for all other purchases.

Two airport lounge passes every year (LoungeKey membership)

Free additional card holders

Works with Apple Pay

International travel insurance

Domestic travel insurance (inc rental car cover)

Extended Warranty, Purchase Protection, Guaranteed Pricing insurance

Instant savings at more than 4,500 stores, hotels and attractions.

Cons

Points earn is capped at 10,000 per statement period

High standard purchase rate like all rewards credit cards

3% Foreign transaction fee

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Annual fee refund

$129 annual fee applies which is refundable each year when you spend $6,000 on eligible purchases.

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Complimentary Insurances

Domestic and International Travel Insurance, Purchase Protection, Extended Warranty and Guaranteed Pricing Scheme.

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2 Airport Lounge passes every year

Your complimentary visit will be reset annually from January 1, each year. To gain complimentary lounge access the Primary cardholder must present their eligible HSBC Platinum Credit Card for validation and can admit 1 (one) accompanying guest.

100% of customers who have rated this card would recommend it
  • Rates
    85%
  • Fees
    93%
  • Rewards
    58%
  • Customer Service
    86%
  • Value
    99%
Overall user rating 85%
2 reviews
Interest Rates
Purchase rate 19.99% p.a.
Cash advance rate 21.99% p.a.
Interest free on purchases up to 55 days
Balance Transfer
Balance transfer rate 0% p.a. for 22 months
Balance transfer fee No fee
Balance transfer revert rate 21.99% p.a.
Balance transfer limit 95% of your approved new credit limit
Balance transfer from personal loan No
Banks you can't balance transfer from HSBC
Credit limits
Minimum credit limit $6,000
Maximum credit limit $25,000
Fees & repayments
Annual fee $129 p.a.
Additional cardholder fee $0 p.a.
Cash advance fee 3%
Foreign transaction fee 3%
Minimum repayment 3%
Late payment fee $30
Credit card type Visa
Rewards program
Rewards program Rewards Plus Rewards Plus
Annual points cap 120,000
Bonus points spend criteria N/A
Earning points with this card
Rewards Plus points 1 point per $1 spent
Overseas earn rate 2 points per $1 spent
Points cap per month Capped at 10,000
Complimentary insurance
International travel insurance yes - up to months
Flight inconvenience insurance No
Transit accident insurance Yes
Smartphone screen insurance No
Purchase protection insurance Yes
Extended warranty insurance Yes
Rental Vehicle Excess In Australia Insurance Yes
Extras
Eligible with Apple Pay and Google Pay
$129 annual fee is refunded with min. spend of $6,000 per year
2 Airport lounge passes every year with LoungeKey

HSBC Platinum Credit Card – 0% Balance Transfer Offer

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au.

The HSBC Platinum Credit Card: 0% p.a. Balance Transfer Offer for 22 Months

Offering 0% p.a. on balance transfers for an incredible 22 months with no balance transfer fee, the HSBC Platinum Credit Card could be a great find for new cardholders looking to pay off existing credit card debt. Aside from offering a wide range of platinum extras and the opportunity to earn rewards, the card also waives its annual fee after a yearly spend of $6,000, making it a pretty sweet deal indeed.

What we love...

One of the biggest drawcards currently on the HSBC Platinum Credit Card is its amazingly long balance transfer offer. So, what do you need to know? If you apply and are approved for this card, you can take advantage of 0% p.a. on balance transfers for 22 months. You will also pay no balance transfer fee on your transferred amount, making this very competitive within the market.

With a 22 month introductory period, this gives you a good long time to pay off your transferred balance, paying down your debt as you pay nothing in interest. As with any introductory offer, however, there are important factors to take note of. Let’s cover the main points:

  • You must make the request for the balance transfer when applying for the card. Unlike certain other offers that allow for balance transfer requests after application, this one does not. But, as long as you are organised and know what you need, it’s easy to make the request on application.
  • Your total balance transfers must not exceed 90% of your approved credit limit. It’s quite common for card providers to place a limit on the amount transferred as it provides some leeway should you spend on the card, or fail to repay the transferred balance and interest starts to accrue. As long as you know how much you want to transfer and what your credit limit is likely to be, this shouldn’t cause any problem.
  • The balance transfer must be from non-HSBC credit cards. Like most balance transfer cards, the HSBC Platinum Credit Card only allows transfers from other providers’ cards.
  • Any transferred balance left unpaid after the intro period reverts to the card’s cash advance rate. To avoid this, create a repayment plan that allows you to clear your transferred balance within the intro period. Setting up automatic payments can help with this.
  • Any payment made to the card will go towards paying off the balance attracting the highest interest first. That means payments will go towards paying off new spending or cash advances first. Make sure your payments cover all new transactions over and above the amount needed to pay off your transferred balance within the intro period. If you are unable to do this, avoid new transactions until the balance transfer has been paid off.

What’s not so great...

As with any credit card, you need to read the small print to make sure you understand everything that’s expected of you. Pay attention to the points mentioned above and make every effort to clear your transferred balance within that 22 month intro period. Having your unpaid balance revert to the card’s cash advance rate will make it much harder to pay off in the long term.

Why should you choose this card?

If you’re looking for a long balance transfer offer, this card could be an excellent option. As a platinum card, it has a higher minimum income requirement, at $40,000 per year, and it also requires applicants to have good credit history. If you meet the card’s eligibility, it could suit you if you’re interested in a card with heaps of platinum perks and rewards.

Another nice feature of the card is its annual fee waiver. This waives the card’s usual annual fee as long as you spend at least $6,000 on the card within the year. This essentially allows you access to all the card has to offer, while you pay nothing in annual fees. To give you an idea of what features are on offer, here’s a quick rundown:

  • Earn 2 Rewards Plus points per $1 on overseas purchases and 1 Rewards Plus point per $1 for all other purchases (capped at 10,000 per statement period).
  • Receive two airport lounge passes every year.
  • Travel in style with LoungeKey membership.
  • Enjoy Visa Premium Benefits (visit visapremium.com.au for more).
  • Access the home&Away Privilege Program to enjoy exclusive offers and privileges from partners at home and overseas.
  • Benefit from 20% off dining, and retail savings of up to 25% with your free membership to Frequent Values by Entertainment Publications.
  • Get instant savings at more than 4,500 stores, hotels and attractions.
  • Receive complimentary insurance, including Domestic and International Travel Insurances with rental vehicle insurance excess cover, Transit Accident Insurance, Extended Warranty Insurance, Guaranteed Pricing Scheme and Purchase Protection Insurance.

Overall Rating

The HSBC Platinum Credit Card is a feature-packed rewards card that waives its annual fee after a $6,000 yearly spend. New cardholders can benefit from an awesome 0% p.a. on balance transfers for 22 months.

6 questions (showing the latest 10 Q&As)

Eddie

Eddie

24 August 2019
Hi Roland i want to know about annual fee we have to spend $6000 only for purchase or balance transfer will be count. and travel insurance we have to buy tickets through card ? thanks Eddie
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    26 August 2019
    Hi Eddie, any balance transfer amount will not go towards it. Just new purchases on the card. So if you can average $500 a month on card spend. Then that will get you across the line. Yes with HSBC, you need to purchase the tickets with the card as part of eligibility for the travel insurance.
Addie

Addie

18 August 2019
Hi, is it possible to transfer personal/car loan into this card offer?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    19 August 2019
    Hi Addie, Citi are the only issuer that will accept non-Citi personal loans as part or all of a balance transfer. A few options, are the Virgin Flyer offer with no balance transfer fee. For the longest 0% balance transfer in market. Have a look at the Citi Rewards Platinum.
Blake

Blake

1 August 2019
I am interested to know how much you need to spend towards overseas and domestic travel to receive the complimentary travel insurance? Could you please send me the travel insurance fine print for this card.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    2 August 2019
    Hi Blake, here is a link to the PDF that provides all the details. https://www.hsbc.com.au/content/dam/hsbc/au/docs/pdf/new-plat-qantas-insurance-tc.pdf. Here is more about the eligiblity. Who is covered? This cover is available to cardholders who permanently reside in Australia, as follows: • This cover provides four (4) consecutive months of no additional cost International Travel Insurance as outlined in this booklet when prior to leaving Australia, at least 90% of the total cost of the cardholder’s overseas return travel ticket (i.e. ticket from and returning to Australia) has been charged to the accountholder’s Card account; or • If the cardholder has paid for their overseas return travel ticket as outlined above, this cover extends to the cardholder’s spouse and their dependants provided they have also had at least 90% of the total cost of their overseas return travel tickets paid for in the above manner, and the spouse and/or dependants are travelling with the cardholder for the entire journey.
Long Luong

Long Luong

1 August 2019
I need applying credit card
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    2 August 2019
    Hi Long, you can apply through clicking on this link. It will take you though to the HSBC site. Then you can complete an online application in around 10 mins.
Jane

Jane

30 July 2019
hi i have balance of $25000 with a commonwealth credit card. i want to transfer all balance But the maximum limit of HSBC card is $25000. Can i still able to do that? Thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    30 July 2019
    Hi Jane, the maximum balance transfer amount is 95% of your approved credit limit. Therefore that makes the max you could transfer to $23,750. Many cards do not approve at max level straight away also. This will depend on your credit history / income / expenses etc. Even if it transferred 20k off. Then you would get that 20k at 0% interest with no balance transfer fee for 22 months. This is awesome! If this was the case. Then I would focus on paying down the reminder of the CBA card first. You always make the most payments on the highest interest bearing form of credit first. If you really want to do the whole amount and think you would qualify for a high enough limit. Then you could look at the Citi Rewards Platinum. It can approve higher credit limits. Though 1.5% BT fee applies. That would be $375 on 25k. Though if you get approved for the full amount. You would have 0% for 26 months to pay down the debt.
pav

pav

27 July 2019
hi Roland i have balance of $23700 for commonwealth credit card. i want to transfer all balance But the maximum limit of HSBC card is $25000. Can i still able to do that? Thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    29 July 2019
    Hi Pav, with this balance transfer offer from HSBC. You can transfer up to 95% of your approved credit limit. Therefore the maximum possible balance transfer amount would be $23,750. Therefore it could be possible if you are allocated a $25,000 credit limit from HSBC. They may offer you a lower credit limit. Thus, a lower balance transfer amount. Even if you can transfer 20k of the debt. Then this still will save you a tonne of interest. If you cannot transfer the whole amount. Then look to pay off any off the remaining balance on the CBA card (highest interest) first. Then focus on paying down the 0% balance transfer.

HSBC Platinum Credit Card – 0% Balance Transfer Offer

Key features

  • 0% p.a. on balance transfers for 22 months from non HSBC credit cards (reverts to the variable cash advance rate), with No Balance Transfer Fee
  • Annual fee of $129 applies and is refunded each year for customers who spend $6,000 on eligible purchases in 12 months
  • Free additional card holders
  • Eligible with Apple Pay
  • Earn 2 points per dollar on overseas purchases and 1 point per dollar for all other purchases. This is capped at 10,000 per statement period.
  • Two complimentary airport lounge passes every year
  • Complimentary Domestic (inc rental car cover) and International travel insurance
  • Complimentary Purchase Protection, Extended Warranty and Guaranteed Pricing Scheme
  • Be over 18 years old
  • Good credit and not applied for multiple credit cards recently
  • Resident or citizen of Australia. Temporary residents are eligible.
  • Minimum income of $40,000 p.a.
  • You have your personal details ready to complete the online application
HSBC Platinum Credit Card – 0% Balance Transfer Offer
HSBC Platinum Credit Card – 0% Balance Transfer Offer

HSBC Credit Cards

HSBC Platinum Credit Card – 0% Balance Transfer Offer

Updated 14 October 2019

Transfer non-HSBC store or credit card debt. 0% p.a. on balance transfers for 22 months with no balance transfer fee. $129 annual fee that is refundable each year when you spend $6,000 on eligible purchases. More insurance than you can poke a stick at. Domestic and International Travel Insurance, Purchase Protection, Extended Warranty and Guaranteed Pricing Scheme.

T&Cs apply. Offer ends 31 December 2019

Purchase Rate (p.a)

19.99%

Balance Transfer (p.a)

0% for 22 months No BT fee. reverts to 21.99% p.a.

Annual Fee (p.a)

$129

$0 over 22 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 0% p.a. interest on balance transfers for 22 months with no balance transfer fee
  • No annual fee when you meet the spend criteria (reasonable $6,000 yearly spend required).
  • Earn 2 points per dollar on overseas purchases and 1 point per dollar for all other purchases.
  • Two airport lounge passes every year (LoungeKey membership)
  • Free additional card holders
  • Works with Apple Pay
  • International travel insurance
  • Domestic travel insurance (inc rental car cover)
  • Extended Warranty, Purchase Protection, Guaranteed Pricing insurance
  • Instant savings at more than 4,500 stores, hotels and attractions.

  • Points earn is capped at 10,000 per statement period
  • High standard purchase rate like all rewards credit cards
  • 3% Foreign transaction fee

Creditcard.com.au review

Editor Review

HSBC Platinum Credit Card – 0% Balance Transfer Offer

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The HSBC Platinum Credit Card: 0% p.a. Balance Transfer Offer for 22 Months

Offering 0% p.a. on balance transfers for an incredible 22 months with no balance transfer fee, the HSBC Platinum Credit Card could be a great find for new cardholders looking to pay off existing credit card debt. Aside from offering a wide range of platinum extras and the opportunity to earn rewards, the card also waives its annual fee after a yearly spend of $6,000, making it a pretty sweet deal indeed.

What we love...

One of the biggest drawcards currently on the HSBC Platinum Credit Card is its amazingly long balance transfer offer. So, what do you need to know? If you apply and are approved for this card, you can take advantage of 0% p.a. on balance transfers for 22 months. You will also pay no balance transfer fee on your transferred amount, making this very competitive within the market.

With a 22 month introductory period, this gives you a good long time to pay off your transferred balance, paying down your debt as you pay nothing in interest. As with any introductory offer, however, there are important factors to take note of. Let’s cover the main points:

  • You must make the request for the balance transfer when applying for the card. Unlike certain other offers that allow for balance transfer requests after application, this one does not. But, as long as you are organised and know what you need, it’s easy to make the request on application.
  • Your total balance transfers must not exceed 90% of your approved credit limit. It’s quite common for card providers to place a limit on the amount transferred as it provides some leeway should you spend on the card, or fail to repay the transferred balance and interest starts to accrue. As long as you know how much you want to transfer and what your credit limit is likely to be, this shouldn’t cause any problem.
  • The balance transfer must be from non-HSBC credit cards. Like most balance transfer cards, the HSBC Platinum Credit Card only allows transfers from other providers’ cards.
  • Any transferred balance left unpaid after the intro period reverts to the card’s cash advance rate. To avoid this, create a repayment plan that allows you to clear your transferred balance within the intro period. Setting up automatic payments can help with this.
  • Any payment made to the card will go towards paying off the balance attracting the highest interest first. That means payments will go towards paying off new spending or cash advances first. Make sure your payments cover all new transactions over and above the amount needed to pay off your transferred balance within the intro period. If you are unable to do this, avoid new transactions until the balance transfer has been paid off.

What’s not so great...

As with any credit card, you need to read the small print to make sure you understand everything that’s expected of you. Pay attention to the points mentioned above and make every effort to clear your transferred balance within that 22 month intro period. Having your unpaid balance revert to the card’s cash advance rate will make it much harder to pay off in the long term.

Why should you choose this card?

If you’re looking for a long balance transfer offer, this card could be an excellent option. As a platinum card, it has a higher minimum income requirement, at $40,000 per year, and it also requires applicants to have good credit history. If you meet the card’s eligibility, it could suit you if you’re interested in a card with heaps of platinum perks and rewards.

Another nice feature of the card is its annual fee waiver. This waives the card’s usual annual fee as long as you spend at least $6,000 on the card within the year. This essentially allows you access to all the card has to offer, while you pay nothing in annual fees. To give you an idea of what features are on offer, here’s a quick rundown:

  • Earn 2 Rewards Plus points per $1 on overseas purchases and 1 Rewards Plus point per $1 for all other purchases (capped at 10,000 per statement period).
  • Receive two airport lounge passes every year.
  • Travel in style with LoungeKey membership.
  • Enjoy Visa Premium Benefits (visit visapremium.com.au for more).
  • Access the home&Away Privilege Program to enjoy exclusive offers and privileges from partners at home and overseas.
  • Benefit from 20% off dining, and retail savings of up to 25% with your free membership to Frequent Values by Entertainment Publications.
  • Get instant savings at more than 4,500 stores, hotels and attractions.
  • Receive complimentary insurance, including Domestic and International Travel Insurances with rental vehicle insurance excess cover, Transit Accident Insurance, Extended Warranty Insurance, Guaranteed Pricing Scheme and Purchase Protection Insurance.

Overall Rating

The HSBC Platinum Credit Card is a feature-packed rewards card that waives its annual fee after a $6,000 yearly spend. New cardholders can benefit from an awesome 0% p.a. on balance transfers for 22 months.

User reviews

HSBC Platinum Credit Card – 0% Balance Transfer Offer ( based on 2 Creditcard.com.au user reviews )

85% rating based on 2 reviews

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates

Purchase rate 19.99% p.a.

Cash advance rate 21.99% p.a.

Interest free on purchases up to 55 days

Balance transfer

Balance transfer rate 0% p.a. for 22 months

Balance transfer revert rate 21.99% p.a.

Balance transfer from personal loan No

Balance transfer fee No fee.

Balance transfer limit 95% of approved credit limit

Banks you can't balance transfer from HSBC

Credit limits

Minimum credit limt $6,000

Maximum credit limit $25,000

Fees & repayments

Annual fee $129 p.a.

Additional card holder fee $0 p.a.

Foreign transaction fee 3%

Minimum repayment 3%

Cash advance fee 3%

Late payment fee $30

Rewards and points

Rewards program

Rewards Program Rewards Plus Rewards Plus

Bonus points N/A

Annual points cap 120,000

Bonus points spend criteria N/A

Earning points with this card

Rewards Plus pointsRewards Plus points 1 point per $1 spent

Points cap per month Capped at 10,000

Overseas earn rateOverseas earn rate 2 points per $1 spent

Additional features

Complimentary insurance

International Travel Insurance Yes

Flight Inconvenience Insurance No

Transit Accident Insurance Yes

Smartphone Screen Insurance No

Purchase Protection Insurance Yes

Extended Warranty Insurance Yes

Rental Vehicle Excess In Australia Insurance Yes

Extras

Eligible with Apple Pay and Google Pay

$129 annual fee is refunded with min. spend of $6,000 per year

2 Airport lounge passes every year with LoungeKey

Overview

HSBC Platinum Credit Card – 0% Balance Transfer Offer

Key features

  • 0% p.a. on balance transfers for 22 months from non HSBC credit cards (reverts to the variable cash advance rate), with No Balance Transfer Fee
  • Annual fee of $129 applies and is refunded each year for customers who spend $6,000 on eligible purchases in 12 months
  • Free additional card holders
  • Eligible with Apple Pay
  • Earn 2 points per dollar on overseas purchases and 1 point per dollar for all other purchases. This is capped at 10,000 per statement period.
  • Two complimentary airport lounge passes every year
  • Complimentary Domestic (inc rental car cover) and International travel insurance
  • Complimentary Purchase Protection, Extended Warranty and Guaranteed Pricing Scheme

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Resident or citizen of Australia. Temporary residents are eligible.

  • Minimum income of $40,000 p.a.

  • You have your personal details ready to complete the online application

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

6 questions (showing the latest 10 Q&As)

Eddie

Eddie

24 August 2019
Hi Roland i want to know about annual fee we have to spend $6000 only for purchase or balance transfer will be count. and travel insurance we have to buy tickets through card ? thanks Eddie
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    26 August 2019
    Hi Eddie, any balance transfer amount will not go towards it. Just new purchases on the card. So if you can average $500 a month on card spend. Then that will get you across the line. Yes with HSBC, you need to purchase the tickets with the card as part of eligibility for the travel insurance.
Addie

Addie

18 August 2019
Hi, is it possible to transfer personal/car loan into this card offer?
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    19 August 2019
    Hi Addie, Citi are the only issuer that will accept non-Citi personal loans as part or all of a balance transfer. A few options, are the Virgin Flyer offer with no balance transfer fee. For the longest 0% balance transfer in market. Have a look at the Citi Rewards Platinum.
Blake

Blake

1 August 2019
I am interested to know how much you need to spend towards overseas and domestic travel to receive the complimentary travel insurance? Could you please send me the travel insurance fine print for this card.
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    2 August 2019
    Hi Blake, here is a link to the PDF that provides all the details. https://www.hsbc.com.au/content/dam/hsbc/au/docs/pdf/new-plat-qantas-insurance-tc.pdf. Here is more about the eligiblity. Who is covered? This cover is available to cardholders who permanently reside in Australia, as follows: • This cover provides four (4) consecutive months of no additional cost International Travel Insurance as outlined in this booklet when prior to leaving Australia, at least 90% of the total cost of the cardholder’s overseas return travel ticket (i.e. ticket from and returning to Australia) has been charged to the accountholder’s Card account; or • If the cardholder has paid for their overseas return travel ticket as outlined above, this cover extends to the cardholder’s spouse and their dependants provided they have also had at least 90% of the total cost of their overseas return travel tickets paid for in the above manner, and the spouse and/or dependants are travelling with the cardholder for the entire journey.
Long Luong

Long Luong

1 August 2019
I need applying credit card
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    2 August 2019
    Hi Long, you can apply through clicking on this link. It will take you though to the HSBC site. Then you can complete an online application in around 10 mins.
Jane

Jane

30 July 2019
hi i have balance of $25000 with a commonwealth credit card. i want to transfer all balance But the maximum limit of HSBC card is $25000. Can i still able to do that? Thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    30 July 2019
    Hi Jane, the maximum balance transfer amount is 95% of your approved credit limit. Therefore that makes the max you could transfer to $23,750. Many cards do not approve at max level straight away also. This will depend on your credit history / income / expenses etc. Even if it transferred 20k off. Then you would get that 20k at 0% interest with no balance transfer fee for 22 months. This is awesome! If this was the case. Then I would focus on paying down the reminder of the CBA card first. You always make the most payments on the highest interest bearing form of credit first. If you really want to do the whole amount and think you would qualify for a high enough limit. Then you could look at the Citi Rewards Platinum. It can approve higher credit limits. Though 1.5% BT fee applies. That would be $375 on 25k. Though if you get approved for the full amount. You would have 0% for 26 months to pay down the debt.
pav

pav

27 July 2019
hi Roland i have balance of $23700 for commonwealth credit card. i want to transfer all balance But the maximum limit of HSBC card is $25000. Can i still able to do that? Thanks
    Roland B Bleyer - CreditCard.com.au Founder

    Roland

    29 July 2019
    Hi Pav, with this balance transfer offer from HSBC. You can transfer up to 95% of your approved credit limit. Therefore the maximum possible balance transfer amount would be $23,750. Therefore it could be possible if you are allocated a $25,000 credit limit from HSBC. They may offer you a lower credit limit. Thus, a lower balance transfer amount. Even if you can transfer 20k of the debt. Then this still will save you a tonne of interest. If you cannot transfer the whole amount. Then look to pay off any off the remaining balance on the CBA card (highest interest) first. Then focus on paying down the 0% balance transfer.

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