HSBC Low Rate Credit Card
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CardIQ
Good
Overall score, out of 100 · How this works
- 55 days interest-free64
- Balance transfer55
- Low rate57
- No foreign fee77
- Travel54
Customer reviews
No reviews yet. Be the first to review the HSBC Low Rate Credit Card.
Pros & cons
What's good
- 12 months at 0% p.a. on balance transfers, longer than the 12-month median (2% transfer fee, reverts to 25.99% p.a.).
- The 12.99% p.a. purchase rate is among the lowest ongoing purchase rates (the median card charges 18.99% p.a.).
- Complimentary domestic travel insurance.
- No foreign transaction fee on overseas or online spending.
- No fee to add an additional cardholder.
Worth noting
- The $99 annual fee is high for a Standard card, where the typical fee is about $50.
- Earns no rewards points on spending.
Card details
The basics
- Additional cardholder fee
- $0 p.a.
- Card tier
- Standard
- Card type
- Visa
- Card use
- Personal
- Credit limit
- $1,000 – $500,000
- Credit rating
- Good
- Rewards program
- None
Eligibility
- Instant approval
- No
- Joint application
- No
- Minimum age
- 18 years old
- Minimum income
- $40,000 p.a.
- Residency
- Australian citizen or permanent resident
- Temporary residents
- Not eligible
Rates & fees
Ongoing interest rates
- Cash advances
- 25.99% p.a.
- Purchases
- 12.99% p.a.
Fees
- Additional cardholder fee
- $0
- Annual fee
- $99 p.a.
- Cash advance fee
- 3% of the amount
- Foreign transaction fee
- 0%
- Late payment fee
- $30
Repayments
- Interest-free period
- Up to 55 days on purchases
- Minimum repayment
- 3% of the closing balance or $30, whichever is greater
Balance transfers
- Can't transfer from
- HSBC
- Limit
- Up to your available credit limit
- Period
- 12 months
- Promotional rate
- 0% p.a.
- Revert rate
- 25.99% p.a.
- Transfer fee
- 2%
While you carry a transferred balance you may not receive interest-free days on new purchases.
Introductory purchase offer
This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.
Rewards
This card doesn't earn rewards points. It focuses on a low cost of ownership instead. If earning points matters to you, compare frequent flyer cards and rewards cards.
Where this card sits vs similar cards
Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.
Data as at August 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.
Compare side by side
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Browse by card type
Compare the HSBC Low Rate Credit Card against every other card in its category.
Questions and answers
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Sources
- Credit Card Compare
- Australian credit card statisticsHow CardIQ scores cards
- Issuer
- HSBC