Why choose a Low Rate card?

It’s the low rate credit card that comes with a surprising amount of extra benefits, all-in.
  • 0% p.a. Balance Transfer for 20 months1

    Enjoy 0% p.a. Balance Transfer for 20 months (reverts to the variable cash advance rate), with a 2% balance transfer fee2

  • HSBC Instant Savings3
    Free membership of Frequent ValuesTM by Entertainment Publications gives you access to 4,500 exciting offers at participating stores, restaurants, hotels and family attractions when you use your card.
  • Complimentary Domestic Travel Insurance6
    Access to domestic travel insurance when you book with your card.
  • 60 months interest free5

    Shop smart and interest free with 0% finance for furniture, kitchens, computers, TVs, home improvement and more at participating retailers.

Available to new, approved customers who apply for the HSBC Low Rate Credit Card by 31 March 2019. Other fees and charges apply.

Rates & Fees:

  • 0% p.a. Balance Transfer for 20 months1
  • Ongoing low purchase interest rate of 13.25% p.a.
  • $79 annual fee

Ways to open:

Online, Branch, Phone


Credit Card Fees and Charges

Credit Card Fees and Charges
Fee Type
Fee Amount & Details
Annual Credit Card Fee $79
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 days4
Minimum Income Requirement $20,000 p.a.
Minimum Credit Limit Offered $1,000
Interest Rate for Purchases 13.25% p.a
Interest Rate for Cash Advances 21.99% p.a
Overseas Exchange Fees 3%
Cash Advance Fees The higher of 3% or $4
Rewards Program   
home&Away Privilege Program3  
Multiple additional cards for family or friends over 16 years Yes (no fee)
Additional Insurances   

Applying is easy

Who can apply

  • Must be over 18 and be an Australian resident
  • Earn at least $20,000 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 a HSBC Low Rate Credit Card

Ready to Apply

Complete your application online today.

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Credit provided by HSBC Bank Australia Limited ABN 48 006 434 162 Australian Credit Licence 232595. Offers available to new, approved HSBC Low Rate Credit Cardholders who apply by 31 March 2019. 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 Low Rate Credit Card account holders who have previously cancelled their card may be ineligible for these promotional offers.

 Terms and conditions (PDF, 101 KB) apply to the use of Apple Pay.

Apple, the Apple logo, iPhone and iPad are trademarks of Apple Inc., registered in the US and other countries. Apple Pay and Apple Watch are trademarks of Apple Inc.

1 To be eligible for the introductory balance transfer rate, the balance transfer request must be made at the time of applying for the new 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 twenty 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 21.99% p.a as at 26-Feb-18 and subject to change). HSBC will allocate payments we receive from you to pay off the portion of your balance which attracts 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.

 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.

HSBC Instant Savings terms and conditions apply.

4 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.

5 Available at participating retailers only. A list of retailers is available at retailers www.hsbc.com.au/credit-cards/products/classic/. Minimum purchase and conditions apply. Interest free finance is applied only to promotional transactions for the specified period. Balances outstanding at the end of the promotional period will form part of the normal account balances and will accrue interest at the cash advance rate (currently 21.99% p.a as at 18 March 2019). Monthly repayments are required and calculated at 3% of the outstanding balance or $30, whichever is higher.

Insurance policies are issued by AWP Australia Pty Ltd 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 available at 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. This document provides general information only and does not take into account what you currently have, want or need for your financial future. You should consider these matters and read the Information Booklet.