HSBC
HSBC Low Rate Credit Card offers a competitive 12.99% p.a. on purchases, no overseas fees, up to 55 days interest-free, $99 annual fee, plus travel perks.
The HSBC Low Rate Credit Card stands out for Australians looking for value in their day-to-day spending. Boasting a low 12.99% p.a. interest rate on purchases, it is one of the cheapest options available. With an annual fee of $99 and up to 55 days interest-free on purchases, this card is designed for smart spenders. Eligible applicants must be at least 18 years old, earn $40,000 per year or more, and meet Australia’s credit requirements. Credit limits start from $1,000, so it’s accessible for many.
How to Apply
To apply, you must first ensure you meet the eligibility criteria, including the income and residency requirements. Collect your ID, proof of income, and residency documentation if needed. Apply either online via HSBC’s secure application page, by phone, or by visiting a branch. It typically takes about 10 minutes online and you’ll get an instant decision in most cases.
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One major plus is the combination of a low interest rate and no overseas transaction fees—perfect for frequent online or global shoppers. You’ll also enjoy complimentary domestic travel insurance, making this card a versatile tool for everyday and travel spending.
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On the downside, there are no rewards points earned on purchases—so regular spenders seeking points may prefer a different card. International travel insurance is not included, limiting the benefit for those who travel outside Australia often.
Eindconclusie
Overall, the HSBC Low Rate Credit Card is well-suited for Australians wanting to avoid high interest charges and make worry-free overseas purchases. If keeping costs low is your priority and you value insurance perks, this card is an excellent pick. However, heavy rewards users or international travellers may need to look elsewhere for additional benefits.
