In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own.
HSBC Low Rate Credit Card
Terms and conditions apply
Balance transfer rate for 12 months with 2% balance transfer fee
0% p.a.
Purchase rate
12.99% p.a.
Annual fee
$99 p.a.
Interest-free on purchases
Up to 55 days

Our verdict

Offers a low interest rate on purchases and 0% on balance transfers for 12 months, with a $99 p.a. annual fee.

The HSBC Low Rate Credit Card offers 2 different ways to save on credit card interest, with an ongoing 12.99% p.a. interest rate on purchases and 0% p.a. on balance transfers for 12 months. But if you choose to transfer existing balances to this card, you'll need to factor in the cost of the one-time 2% balance transfer fee. And keep in mind that a high 25.99% p.a. interest rate applies to any remaining balance amount at the end of the introductory period.

Pros

  • 0% p.a. balance transfer rate for 12 months
  • Complimentary domestic travel insurance
  • No foreign transaction fees

Cons

  • One-time 2% balance transfer fee charged at the time of the balance transfer
  • High 25.99% p.a. interest rate for balance transfers after the introductory period
  • No rewards program or other types of insurance

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

The HSBC Low Rate Credit Card has a 12.99% p.a. interest rate on purchases, which is on par with other low rate credit cards. It also offers no foreign transaction fees and complimentary domestic travel insurance, which could help you save on key travel costs.

Details

Product details

Product Name HSBC Low Rate Credit Card
Balance transfer rate p.a. 0% for 12 months with 2% balance transfer fee, then 25.99%
Balance transfer limit 90% of available limit
Purchase rate p.a. 12.99%
Interest-free period Up to 55 days on purchases
Cash advance rate p.a. 25.99%
Min credit limit $1,000
Card type Visa

Eligibility

Available to temporary residents No
Minimum income $40,000
Joint application No

Rewards

Bonus points N/A

Fees

Annual fee $99
Minimum monthly repayment 3% of the closing balance or $30, whichever is greater
Late payment fee $30
Foreign currency conversion fee 0%
Cash advance fee 3% or $4, whichever is greater
Additional cardholder fee $0

How to apply

You can apply for the HSBC Low Rate credit card online in minutes and can receive approval within 60 seconds. Before you begin your application, make sure you meet the eligibility requirements and have the necessary information ready.

Eligibility criteria

  • Minimum income. You must earn at least $40,000 per year (before tax).
  • Residency. You must be an Australian citizen or permanent resident.

Card benefits

  • Balance transfer offer. Pay 0% p.a. interest on balance transfers for 12 months, with a one-time 2% balance transfer fee, when you request a balance transfer at the time of your application. At the end of the introductory period, any remaining balance transfer debt attracts the card's 25.99% p.a. cash advance rate. While there's no specified end date for this offer, HSBC may change or end it at any time.

Rates & fees

  • Annual fee. This card charges a $99 p.a. annual fee.
  • Purchase interest rate. The HSBC Low Rate Card charges an ongoing 12.99% p.a. interest rate on purchases.

Your reviews

No reviews yet. Write a review

Ask a question

Ask a question
Avatar

Amy Finder

Editor

Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our 1. Terms Of Service and 6. Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Avatar

Steve

October 09, 2023

Is this a visa credit card – not a debit card

Does this card attract NO international transaction fees


Avatar

Amy Bradney-George Finder

October 11, 2023

Hi Steve,

Yes this is a credit card and it has no overseas transaction fees. Unlike a debit card, fees and charges would apply if you used this card (or another credit card) to withdraw cash from an ATM while overseas, or for any other cash advance transactions. I hope this helps.


Avatar

Jo

September 18, 2023

Domestic travel insurane does that include travel to new zealand?


Avatar

Sarah Megginson Finder

September 18, 2023

Hi Jo, No domestic only includes travel within Australia.


Avatar

Richard

June 26, 2017

Hello I am Richard, and I want credit card how much it’ll cost for I to buy. Not expensive no chip.


Avatar

May Finder

June 27, 2017

Hi Richard,


Thanks for your question.


When you say credit card cost, do you mean annual fee? If so, that will vary depending on the credit card. Please feel free to check our list of credit cards with no annual fees.


Cheers,

May


Show more Show less
Avatar

Janey

May 30, 2017

i would like to get a credit card


Avatar

May Finder

May 30, 2017

Hi Janey,


Thank you for your inquiry.


When deciding to get a credit card, it’s always useful to consider the purpose of the credit card. Also, you’d need to factor in how you will use it and how these tie into your financial situation.


If you are interested in applying for the HSBC Low Rate Credit Card, you can do so for as long as you meet all the eligibility criteria of that card. You can find the eligibility requirements for this one above under “How to apply for the HSBC Low Rate Credit Card”.


Just in case you want to explore other options, please feel free to read our list of featured credit cards on our website.


Hope this helps.


Cheers,

May


Show more Show less
Avatar

Todd

May 25, 2017

Hi guys i want to consolidate my 2 cr cards from suncorp an st george is this possible with ur 0% transfer to HSBC ?

Cheers Todd


Avatar

jonathan.chan@findercrew.com

May 26, 2017

Hi Todd!


Thanks for the comment.


Yes, you can transfer your credit card balance from Suncorp and St George to this HSBC Low Rate credit card so long that you meet the eligibility criteria and requirements of this card. Please also note that the total amount you can transfer should not exceed your approved credit limit.


If you think you are eligible for this card, please click on the “Go to HSBC website” green button to proceed with your application.


Kind regards,

Jonathan


Show more Show less
Go to site