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HSBC Low Rate Credit Card
Posted September 22nd, 2006
and last modified December 16th, 2009
The HSBC Low Rate Credit Card features no annual fee for the first year, along with 2.99% interest on all balances transferred for 6 months.
- Up to 55 days interest free on purchases.
- First year annual fee of $0, followed by $49
- 2.99% on balance transfer for 6 months.
- Competitive interest rate of 16.99% p.a
- Access to HSBC’s ‘home&Away Privilege Program’ with Instant Rewards in over 40 countries
- Access your cash practically anywhere worldwide.
- Choose how you make your repayments, including any HSBC branch, telephone, direct debit, by mail, BPAY, online or at Australia Post
- Worldwide acceptance at over 24 million Visa merchants
The HSBC Low Rate is currently retired from new applicants for online application.
The Terms and Conditions of the card and what they mean
| Condition | What it means |
| 2.99% p.a Interest rate on balance transfers applies for the first six months and is limited to the first balance transfer request per account from other store cards or non-HSBC credit cards. After this period, any balance outstanding from the Balance Transfer will accrue interest at the Interest Rate for Cash Advances, currently 19.99%p.a. (Rates subject to change). ** Annual card fee of $49 p.a. will apply after 12 months |
You may only transfer one balance from a non-HSBC or store credit card at any one time. If you have not paid off your balance within 6 months, the remaining balance left will be paid off at 19.99% p.a. |
| ~HSBC may allocate payments we receive from you to pay the total amount owing in any order we see fit including applying any and all payments made to your HSBC credit card account to reduce the balance(s) transferred first and then to any subsequent purchases. | These are typical conditions of credit cards with interest free periods. |
| ^ Depending on when you make your purchase, when your statement is issued and whether or not you are carrying forward a balance on your account from the previous statement period. There are no interest free days for cash advances or balance transfers. | Check your date of signup to know when you need to repay. Keep this in your diary as a point of reminder. Cash advances don’t have interest free days, so potentially consider an alternative option for cash advances. |
Other terms and conditions from HSBC
- What you need to know about your Credit Card – conditions of use and other information
- Credit cards charges – your guide
- Personal financial services charges – your guide
- home&Away Privilege Program – terms and conditions
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- HSBC Credit Card Application – Apply Online For A HSBC Credit Card
- HSBC Home Loans: Compare & Apply For A HSBC Home Loan
- HSBC Gold Credit Card Review
- HSBC Balance Transfer
- HSBC Sale: The HSBC Hot Summer Sale
- HSBC Internet Banking: Online Banking With HSBC
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