Hsbc

David333

I've tried getting a new 0% card but can't get one. Anyway, I used HSBC's web chat to find out how much the interest rate would be to balance transfer to them. I currently owe them nothing, Capital One £1800 (15% interest), and Nationwide £1000 (14%).

Anyway, HSBC web chat said that their rate was 9.9% for six months which I thought was pretty good. They've just phoned me now asking if I'd like to take them up on the offer, but I've delayed them for a few days , saying I needed to look around. They're going to call me back on Monday afternoon. What should I do...? Do you think I could barter them lower than 9.9% or does it not work like that...? Would appreciate any help. Thank you...!

rh41

I have an HSBC card and they are offering me 5.9% for six months. Maybe try pushing them on this.
Hope this helps.

David333

Thank you. That does help; I shall try asking for more... .

charlie12

Also find out the rates for BTs on your Capital one and Nationwide cards. You could move the debt to your HSBC card and then back to the original card(s) if the BT rates are better. Go with whoever gives you the lower rate, if the credit limit on the lowest rate card is not enough to take on all the debt, try to increase the limit on that card.

It's not uncommon for BT rates to be lower than the current APR of a card.

HSBC are pretty tight with their rates and IME tend to be very inflexible - but by all means try and get a lower rate.

Also don't forget to include BT fees in your calculation. I believe HSBC now charge 2% (IIRC) - check with them and also with C1 and Nationwide.

Try and sort this ASAP as the interest is building up on a daily basis!

Good luck