Enjoy the freedom of flexible monthly payments
HSBC Card Balance Conversion Plan helps you manage your finances by dividing your purchases into smaller instalments. Best of all, you can use it on a wide range of transactions including:
- Downpayment on a car
- Online shopping
- Electronic gadgets
- Air tickets
How it works
Here's an example of how HSBC Card Balance Conversion Plan works:
|Instalment period||One-time processing fee||Monthly instalment|
(based on 5% transaction amount)
|Instalment Period||3 months||6 months||12 months|
|Exclusive rate for HSBC Advance Visa Platinum credit cardholders||Waived||Waived||Waived|
|Exclusive rate for HSBC Revolution credit cardholders||Waived||Waived||2.5%|
|Normal Processing fee||3%||3%||5%|
|Instalment Period||Exclusive rate for HSBC Advance Visa Platinum credit cardholders|
|Instalment Period||Exclusive rate for HSBC Revolution credit cardholders|
|Instalment Period||Normal Processing fee|
Note: If you have an existing GIRO arrangement, the deduction will be processed based on your Statement Account balance. If the transaction which is the subject of your Balance Conversion application has already been captured in your statement, the instalment will only be reflected in the next statement cycle. Where applicable, your account may, in the next statement cycle, appear in credit balance (being the reversal of the full amount of the transaction less the instalment amount).
Apply by completing form
Or mail it back to us at:
HSBC Bank (Singapore) Limited
Service Delivery - Card services (Balance Conversion)
Robinson Road, P.O. Box 896 Singapore 901746
Apply by SMS
Simply SMS BALCON<space> NAME<space> NRIC to 7HSBC (74722).
An HSBC customer service officer will then contact you on your application within 3 working days.
Apply by phone
Contact us on 1800-HSBC NOW (4722 669) to apply.
Things to note
Upon approval, you will receive a letter informing you of the flexible monthly instalments.