HSBC Low Rate Credit Card | Review, Compare & Apply Online

HSBC Low Rate Credit Card

Offer
Card features
balance transfer
purchase rate
annual fee
Apply
HSBC Low Rate Credit Card
Apply by 30 sep 19
HSBC Low Rate Credit Card
Enjoy 0% p.a. for 20 months on balances transferred to your new card.
A low 12.99% p.a. purchase rate.
60 months interest free with 0% finance for furniture, kitchens, computers, and TVs. (Conditions Apply)
Add to comparison
20 months
0% p.a.
then 21.99%
with a 2% fee
12.99% p.a.
ongoing
$99
ongoing

Pros & cons

What's good?

What's not so good?

Enjoy 0% p.a. for 20 months on balances transferred to your new card.
A low 12.99% p.a. purchase rate.
60 months interest free with 0% finance for furniture, kitchens, computers, TVs, home improvement and more at participating retailers. (Conditions Apply)
Up to 55 days on purchases interest free period which can help you stay out of debt in the future.
No extra fee for additional cardholders.
Visa payWave for faster contactless purchases.
Complimentary domestic travel Insurance.
Comes with Apple Pay.
Balance transfer fee of 2%
Cash advance rate of 21.99% p.a.
Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

The basics

About this card

Card setup
Single
Card tier
Standard
Card type
Visa
Card use
Personal
Credit rating
Good
Gambling transactions allowed
No
Joint application
No
Minimum age
18 years old
Minimum income
$20,000
Minimum income for pensioners
Same as standard
Pensioners
Rewards program
None
Temporary residents
Yes

Cardholders

Additional cardholders
Unlimited
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
$1,000
Maximum credit limit
$60,000

Repayments

Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment
whichever is greater, $20 or 3%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.20 months2%90% of credit limit21.99% p.a.

Balance transfers to this card

Balance transfer earns rewards
No
Balance transfer fee payment due
First statement
Balance transfer from personal loan
No
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
90% of credit limit
Available to existing customers
No

Banks you can't balance transfer from

You can't balance transfer to the HSBC Low Rate Credit Card at the promotional balance transfer rate from:

  • HSBC

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.20 months2%90% of credit limit 21.99% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

MonthlyAnnually
Cash advances 1.83% 21.99% p.a.
Purchases 1.08% 12.99% p.a.

Fees

Annual fee
$99 p.a.
Cash advance fee
whichever is greater, $20 or 3%
Dishonour fee
$30
Duplicate statement fee
$8
Foreign exchange fee
0%
Late payment fee
$30
Over limit fee
$30
Overseas ATM balance fee
$0
Overseas ATM withdrawal fee
$0
Overseas emergency card replacement fee
$200
Transaction verification fee
$10

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $20,000 per year
Have a good credit history
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Temporary residents are eligible
Age Pension, Disability Pension, Overseas Pension, Veteran's Pension and Widower's Pension are acceptable.
Carer's Allowance, Child Support Payments, Family Tax Benefits and Parenting Payments and Foster Care Allowance are acceptable.
Joint applications are not allowed
Austudy and Youth Allowance are not acceptable.
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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