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HSBC Low Rate Credit Card

Save with a low interest rate on purchases, 0% on balance transfers for 20 months and access to HSBC Instant Savings.

The HSBC Low Rate is designed to help you cut credit card costs. It charges competitive rates and fees and offers up to 60 months interest-free at participating retailers.

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0% p.a.

Balance transfer rate

for 20 months with 2% balance transfer fee

12.99% p.a.

Purchase rate

$99 p.a.

Annual fee

55 days

Interest free period

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Product NameHSBC Low Rate Credit Card
Balance transfer rate p.a.0% for 20 months with 2% balance transfer fee
Balance transfer revert rateCash Advance Rate (25.99% p.a.)
Balance transfer limit90% of available limit
Purchase rate p.a.12.99%
Annual fee$99
Interest-free periodUp to 55 days on purchases
Cash advance rate25.99% p.a.
Min credit limit$1,000
Card typeVisa
Foreign currency conversion fee0%
Minimum income$40,000
Available to temporary residentsYes - Conditions apply
Joint applicationNo


  • You can enjoy a 0% p.a. for 20 months offer on balance transfers.
  • This card also comes with a complimentary domestic travel insurance.
  • Receive up to 55 days interest-free on purchases.


  • Balance transfer rate reverts back to a high cash advance rate at 25.99% p.a.
  • There is no rewards program for this card, which means you cannot earn reward points for spending.
Bonus pointsN/A
Annual fee$99
Minimum monthly repayment3% of the closing balance or $30, whichever is greater
Late payment fee$30
Foreign currency conversion fee0%
Cash advance fee3% or $4, whichever is greater
Additional cardholder fee$0

Review by

Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

This card currently offers a long-term balance transfer offer, which could help you reduce your interest costs if you're already paying off debt on another card. However, make sure to factor in the one-time 2% balance transfer fee and annual fee (which you’ll pay twice before the 20-month balance transfer offer ends).

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. Applicants must earn a minimum of $40,000 per year before tax.
  • Residency. You must be an Australian citizen or permanent resident.

Card benefits

  • Balance transfer offer. New cardholders who request a balance transfer at application will enjoy an introductory interest rate of 0% p.a. for a period of 20 months (with a 2% balance transfer fee). This will revert to the variable cash advance rate which is 25.99% p.a. and this rate is subject to change. There's no specified expiry date for this offer, but HSBC may change or end it at any time.
  • In-store finance. If you shop with participating retailers, you could pay off your purchase with 0% interest for 3 to 60 months, depending on the offer. Please note that minimum purchase and conditions apply. You can view the full list of participating retailers on the HSBC website.

Rates & fees

  • Annual fee. This card charges a $99 p.a. annual fee.
  • Purchase interest rate. This card charges a competitive interest rate of 12.99% p.a. on purchases.

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  1. Default Gravatar
    June 27, 2017

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

    • Avatarfinder Customer Care
      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.


  2. Default Gravatar
    May 30, 2017

    i would like to get a credit card

    • Avatarfinder Customer Care
      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.


  3. Default Gravatar
    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

    • Default Gravatar
      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,

  4. Default Gravatar
    May 14, 2017

    we have a st. george credit card and want to know if a balance transfer is possible? our query is if HSBC is independent to westpac, st. george and bank of melbourne?

    • Avatarfinder Customer Care
      May 14, 2017

      Hi Linc,

      Thank you for your inquiry.

      Yes, transferring a balance to HSBC credit card from St. George is possible. You can successfully do that if you meet all the eligibility criteria and requirements of the HSBC credit card. If you are eligible and wish to apply for the HSBC Low credit card to take advantage of the 0% p.a. for 15 months (with 2% balance transfer fee) offer, please click on the “Go to site” button above.

      As for your second question, yes, HSBC is a different financial institution from Westpac Group that underwrites St. George, BankSA, Bank of Melbourne and Westpac credit cards. You can refer to our guide about which bank you can balance transfer to/from.

      Hope this helps.


  5. Default Gravatar
    April 4, 2016

    HSBC has upgraded me to a Platinum card which I do not wish to have. How do I reverse back to the basic card?

    • Avatarfinder Customer Care
      April 5, 2016

      Hi Cassy,

      Thanks for your question.

      You will need to contact HSBC on 132 152 to report the issue and to ask for your card to be reverted.

      I hope this has helped.



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