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HSBC Low Rate Credit Card

The HSBC Low Rate Credit Card offers 0% p.a. for 20 months on balance transfers. Ongoing benefits include a low ongoing interest rate, and no international transaction fees.


Updated 3 April 2024


Fact checked and verified. Updated 3 April 2024
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Expert Review

As the name suggests, the HSBC Low Rate credit card is HSBC's low interest rate product. This is also the only credit card HSBC offers in the low interest rate category. Featuring a competitive Purchase interest rate of 12.99% p.a., which is HSBC's lowest, and including up to 55 interest free days, this product is great for minimising interest and managing cash-flow, if you want flexibility with your monthly repayment. Of the 200+ credit cards reviewed by Stay or Go, this card ranks among the best 25% lowest purchase rates. Further, the product has a $99 annual fee. And for anyone who is planning on travelling or making purchases online from international companies, this product charges no foreign transaction fees, which can create significant savings.

Considering its key features, this card is most suitable to someone who wants the peace of mind that if they do need to pay interest from time to time, the rate will be competitive. Other benefits include no foreign transaction fees, which are commonly around 3 p.a., this product is great for anyone who makes overseas purchases online, or anyone planning on travelling overseas and no additional cardholder fees.

Balance Transfer.
For a limited time the HSBC Low Rate credit card has a special 0% p.a. Balance Transfer offer for 20 months. Of note, there is also a 2% p.a. Balance Transfer fee which should be considered when evaluating the overall benefit of this offer. To get this offer, there will be certain eligibility criteria that you should be aware of before you apply.

Product Details
It's the low rate credit card that comes with a surprising amount of extra benefits."
- HSBC
Rewards

•

No rewards program

Fees
Account Fees

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$99 annual account fee

Transaction Fees

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No international transaction fee

Other fees may apply.

Rates

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12.99% p.a. variable purchase rate

•

25.99% p.a. variable cash advance rate

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Up to 55 interest free days on purchases

Features
Insurance

•

Domestic Travel insurance

Offers
Balance Transfer Offer

0% for 20 monthson balance transfers (2.00% BT fee applies), reverts to 25.99% p.a.

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TMD

Before applying for this product, you should read the Target Market Determination (TMD) available here on the HSBC website.

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