Top of main content
A view of a clothing store; image used for HSBC Australia Low rate credit cards

HSBC Low Rate Credit Card

Enjoy a low rate and discounts when you shop
Product image of HSBC Low Rate Credit Card.

Why choose a Low Rate card?

It's the low rate credit card that comes with a surprising amount of extra benefits.
  • Low Interest Rate of just 12.99% p.a.
  • No overseas transaction fees1
  • 0% p.a. interest on Balance Transfers for 20 months2 with 2% BT fee3
  • Complimentary Domestic Travel insurance4

  • Mobile Payments6

    Apple Pay and Google PayTM, can be used wherever you can make contactless purchases, online, and at participating retailers in store.

Available to new, approved customers who apply for the HSBC Low Rate Credit Card. HSBC may change or end this offer at any time. Please see full terms and conditions below. Other fees and charges apply.

Rates & Fees:

  • 0% p.a. Balance Transfer for 20 months2
  • Ongoing low purchase interest rate of 12.99% p.a.
  • $99 annual fee

Ways to open:

Online, Branch, Phone

Canstar's Travel Money Card 5 Stars

Credit Card Fees and Charges

Credit Card Fees and Charges
Fee Type
 Fee Amount & Details
Annual Credit Card Fee $99
Introductory Balance Transfer Rate
from non-HSBC credit cards on application		 0% p.a. for 20 months1 (reverting to the variable cash advance rate) with a 2% balance transfer fee2
Interest Free Period on purchases
 Up to 55 days5
Minimum Income Requirement $40,000 p.a.
Minimum Credit Limit Offered $1,000
Interest Rate for Purchases 12.99% p.a.
Interest Rate for Cash Advances 25.99% p.a.
Overseas Exchange Fees 0%
Cash Advance Fees The higher of 3% or $4
Rewards Program   
 No
home&Away Privilege Program3  
 Yes
Multiple additional cards for family or friends over 16 years Yes (no fee)
Additional Insurances   
 No
Credit Card Fees and Charges
Fee Type
 Annual Credit Card Fee
Fee Amount & Details
 $99
Fee Type
 Introductory Balance Transfer Rate
from non-HSBC credit cards on application
Fee Amount & Details
 0% p.a. for 20 months1 (reverting to the variable cash advance rate) with a 2% balance transfer fee2
Fee Type
 Interest Free Period on purchases
Fee Amount & Details
 Up to 55 days5
Fee Type
 Minimum Income Requirement
Fee Amount & Details
 $40,000 p.a.
Fee Type
 Minimum Credit Limit Offered
Fee Amount & Details
 $1,000
Fee Type
 Interest Rate for Purchases
Fee Amount & Details
 12.99% p.a.
Fee Type
 Interest Rate for Cash Advances
Fee Amount & Details
 25.99% p.a.
Fee Type
 Overseas Exchange Fees
Fee Amount & Details
 0%
Fee Type
 Cash Advance Fees
Fee Amount & Details
 The higher of 3% or $4
Fee Type
 Rewards Program   
Fee Amount & Details
 No
Fee Type
 home&Away Privilege Program3  
Fee Amount & Details
 Yes
Fee Type
 Multiple additional cards for family or friends over 16 years
Fee Amount & Details
 Yes (no fee)
Fee Type
 Additional Insurances   
Fee Amount & Details
 No

Applying is easy

Who can apply

  • Must be over 18 and be an Australian resident
  • Earn at least $40,000 p.a.
  • Have a good credit rating

Information needed

  • Identification
  • Address details
  • Income and employment

What to expect

  • Apply securely online in 10 minutes
  • Get an instant response in 60 seconds
  • Upload extra documentation

Apply for an HSBC Low Rate Credit Card

Already an HSBC customer?

Already an HSBC Australia customer with Online Banking?

Already an existing HSBC credit card holder?

Add an additional cardholder fee free

Apply by phone or branch 

Important information

You might be interested in

Reading and relaxing in hammock outdoor; image used for HSBC Australia Platinum Credit Card

Platinum Card

 

For people who want the best, including access to a host of benefits.

Making hot coffee; image used for HSBC Australia Platinum qantas Credit Card page.

Platinum Qantas Card

 

The Qantas frequent flyer credit card that gives you Qantas points.

A wonderful travel experience; image used for HSBC Australia Premier World Mastercards.

Premier Card

 

The Premier World Mastercard is accepted at over 32 million locations worldwide.

A sofa with cushions; image used for HSBC Australia Interest Free.

Interest Free

 

Spread your repayments with up to 60 months Interest Free at over 1,000 participating retailers.

Terms & Conditions 

Credit provided by HSBC Bank Australia Limited ABN 48 006 434 162 Australian Credit Licence 232595. Offer available to new, approved HSBC credit cardholders. HSBC may change or end this offer at any time. Fees, charges, terms, conditions and HSBC lending criteria apply to all credit cards issued by HSBC.

Visit hsbc.com.au or call 132 152. Interest rates are valid at the time of publication and are subject to change.

HSBC credit card account holders who have previously cancelled their card may be ineligible for these promotional offers.

  1. An overseas transaction charge is normally payable when you make a transaction on your account in a currency other than Australian dollars, or you make a transaction on your account in any currency (including Australian dollars) that is processed/billed by either the merchant or its financial institution/payment processor outside of Australia.
  2. To be eligible for the introductory balance transfer rate, the balance transfer request must be made when applying for the HSBC Low Rate Credit Card. Your total balance transfers must not exceed 90% of your approved credit limit. The interest rate on the balance transfer applies for 20 months and must be from non-HSBC credit cards. After this period, any balance outstanding from the balance transfer will accrue interest at the cash advance rate (currently 25.99% p.a. as at 4 December 2019 and subject to change). HSBC will allocate payments received from you to pay off the portion of your balance attracting the highest interest rate first and subsequently to portions of your balance attracting lower interest rates. This may mean applying any and all payments made to your HSBC Low Rate Credit Card account to pay off other transactions such as purchases and cash advances before any balance transfer amount.
  3. The Balance Transfer Fee will be calculated as a percentage of the balance being transferred to your HSBC credit card account. This fee will be applied at the time the balance is transferred and forms part of your total outstanding balance.
  4. Insurance policies are issued by AGA Assistance Australia Pty Ltd ABN 52 097 227 177(AFSL No. 245631) trading as Allianz Global Assistance (under a binder from Allianz Australia Insurance Limited ABN 15 000 122 850 (AFSL No. 124708) and HSBC Bank Australia Limited (ABN 48 006 434 162) (AFSL 232595). Terms and conditions, limits and exclusions apply and available at www.hsbc.com.au. An excess may apply. HSBC does not issue these insurances and does not receive commissions on these policies or guarantee any benefits under this cover. HSBC has entered into master policies for the benefit of cardholders. The cover provided is at no additional cost to cardholders.
  5. Depending on when you make your purchases, when your statement is issued, and if you pay off the outstanding balance on your next statement of account on or before the due date. There are no interest free days for cash advances. You will not gain the benefit of the interest free period unless you pay the full balance (excluding any balance transfer, cash transfer and promotional purchases) by the due date.
  6. Terms and conditions apply to the use of Apple Pay and Google Pay. Excludes HSBC Corporate Cards.