Sainsburys Bank not accepting HSBC CC for Balance Transfer

joejoel

Hi all, 
Recently applied for a Sainsburys credit card for the purpose of doing an 18 month balance transfer at 0%. However, turns out they don't accept my credit card (standard issue rewards CC from HSBC).
Therefore I need to go hunting again for another decent deal, is there a way of checking if a lender/provider accepts my card before I apply?
My only other option is transfering over to a Capital 1 CC i have but with the fee its like throwing £50 in the bin.
Thanks for you help

jonesMUFCforever

Who told you this? Did you speak to someone or did you try the balance transfer online?

joejoel

jonesMUFCforever said:

Who told you this? Did you speak to someone or did you try the balance transfer online?

On the phone, i rang twice as i didnt believe them the first time

jonesMUFCforever

I can't find any connection between Sainsburys bank and HSBC either in ownership or agency banking.
Try the transfer online to see if you get a different result.

goldieandblackie

HSBC run the card and finance loans for Sainsbury's.

funkycredit

goldieandblackie said:

HSBC run the card and finance loans for Sainsbury's.

No it does not!!! It's a bank in its own right. 

dr_adidas01

goldieandblackie said:

HSBC run the card and finance loans for Sainsbury's.

HSBC have never had anything to do with Sainsbury’s Bank. It used to be a joint venture between Sainsbury’s and Bank of Scotland. 

In May 2013 Sainsbury’s bought the other 50% from Lloyds Banking group who owned Bank of Scotland and in January 2014 it was completed and became a wholly owned subsidiary of J Sainsbury Plc. 

Perhaps you’re thinking of M&S Bank who’s services are run by HSBC. 

Consumerist

Are you trying to transfer more than the limit they have imposed - allowing for any transfer fee?

zwanzig20

I’ve just had the exact same issue. Tried to transfer a small amount from a HSBC CC to my new Saainsbury CC and it was declined. When I rang Sainsbury’s they said they dont Accept transfers from HSBC. Chap on the phone didn’t know why.
Would have been nice to have been told that during the application process as it could have saved them and me some bother.

All very off as I can’t find any link between the two...,

NaughtiusMaximus

Sainsburys are awkward about which cards they accept for balance transfers generally, they refused to accept a balance transfer from my Vanquis (who have no connection to either Sainsburys or HSBC) card a couple of years ago. 

jonesMUFCforever

The only answer would be for the OP to open a formal complaint. He still might not get his balance transfer but would get a reason for the failure to accept the transfer.