product logo

Low Rate Credit Card



Electronic Wallet Service

Important Rates


Balance Transfer

Overseas spending



  • Free Domestic Travel Insurance
  • Free Supplementary Cards
  • Partner Discounts


The HSBC Low Rate Credit Card offers cardholders a moderate interest rate, with a moderate annual fee and the option of a 0 per cent balance transfer for 20 months with a 2 per cent balance transfer fee.

The HSBC Low Rate Credit Card offers a host of complimentary extras such as access to domestic travel insurance when you book using your HSBC card.

In addition to a moderate amount of interest-free days, cardholders can make interest free purchases of up to five years at over 1,000 participating retailers across Australia (minimum purchases apply).

 HSBC Low Rate Credit Card customers can enjoy fast and secure contactless payments by using Apple Pay on their iPhone, Apple Watch and iPad, as well as the using the Visa payWave system for purchases less than $100.

  • Moderate interest rate
  • Moderate interest-free period
  • Free additional cardholder
  • Annual fee charged
  • Late payment fee charged
  • No rewards

Who is it good for?

The moderate interest rate and 20-month 0 per cent balance transfer offer make the HSBC Low Rate Credit Card a good option for those looking to consolidate their debt. After the 20 months, this card reverts to the high cash advance rate.

While there are lower rates on the market, the moderate interest rate could work for those who struggle to pay their bill in full each month.

The HSBC Low Rate Credit Card is not linked to any rewards or frequent flyer programs, but cardholders do get a free membership to the Frequent Values program, which features over 4,500 offers including discounts at over 1,900 participating restaurants, discounts on accommodation, vouchers and discounted magazine subscriptions.

A 3 per cent foreign currency conversion fee applies to international transactions, and complimentary travel insurance only applies for domestic travel, which makes this card less appealing to frequent flyers.

What RateCity says

The HSBC Low Rate Credit Card offers little advantage to international frequent flyers or those looking to turn their everyday spending into rewards points.

Bargain hunters may benefit from HSBC's home&Away Privilege Program, which offers exclusive discounts on hotels and experiences as well as discount codes for online shopping. In addition to this, HSBC cardholders get access to the Frequent Values program, which opens up over 4,500 offers and discounts.

Cardholders looking to consolidate debt can take advantage of a 0 per cent interest rate on balance transfers for up to 20 months. It’s worth noting that after the 20 months, this card reverts to a high variable cash advance rate, making this a potentially expensive option.

While there are no rewards points to be earnt on the HSBC Low Rate Credit Card, this card does come with a wide range of discounts and exclusive offers. 


To be eligible for the HSBC Low Rate Credit Card, you’ll need to be at least 18 years old, be an Australian citizen or permanent resident, and have a minimum income of at least $20,000 per annum. You’ll need a good credit rating and to provide proof of identification, proof of income and employment, as well as listing any assets or debts. Applying for HSBC Low Rate Credit Card can be done online, over the phone or in-branch.

About HSBC

HSBC Bank Australia is part of the HSBC Group – one of the largest banking and financial services organisations in the world. HSBC Australia provide their customers with a wide range of personal banking products like credit cards, savings accounts, investments, insurance, mortgages, personal lending and pensions. In addition to a national branch network, HSBC customers can contact the bank through live chat on their website, via email or through their 24/7 phone support.

Compare your product with the big 4 banks, or add more products to compare
As seen on