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HSBC Low Rate review: Transfer Balances and Save!

If you want to take advantage of the opportunity to improve your financial life, come and learn more details about HSBC's option!

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HSBC Low Rate Credit Card: Saving has never been so simple!

HSBC Low Rate Card
HSBC Low Rate review: Transfer Balances and Save! Source: HSBC

Take a look at this review, and learn about the low-rate credit card offered by HSBC. It’s a great option for those looking to get rid of part of their debts from other cards through balance transfers.

card

Credit Card

HSBC Low Rate

Quick Benefits

0% p.a. interest for 20 months on balance transfers – enjoy domestic travel insurance and much more!

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Moreover, this card also has good basic features! Check out some details in the table below.

Annual card fee$99;
Purchase Rate (p.a) 12.99%;
Interest Free PeriodUp to 55 days;
Balance Transfer (p.a)0% for a limited period of time.

HSBC Low Rate Credit Card: A closer look!

In this review, we’ll showcase the HSBC Low Rate Credit Card and its features! Firstly, it’s essential to understand how the balance transfer process works.

By opting for the card, you can transfer up to 90% of your limit’s value in balances from other cards. In this case, you have 20 months with a 0% fee to settle the amounts. It’s a good way to recover.

Additionally, this card has a low purchase interest rate, equivalent to 12.99% of the total amount. The HSBC card also offers included insurance coverage and no foreign transaction fees.

More information about the card

The HSBC Low Rate Credit Card also offers the Home&Away Privilege program, giving you access to exclusive discounts and promotions.

Another highlight is the use of the card on your mobile phone, with wallets like Android and iOS. Paying has become much easier, more convenient, and secure!

HSBC Low Rate Credit Card: Is it worth it?

HSBC Low Rate Card
HSBC Low Rate Credit Card: Saving has never been so simple! Source: HSBC

An important point in this review is to determine if the HSBC Low Rate Credit Card is genuinely worth it! However, this is a complex question. The answer is highly individual and related to each person’s spending habits.

Thus, you have to consider your consumption habits and your needs when opting for a credit card. However, this card is a great opportunity for those who need to transfer balances to pay more easily.

In other words, it’s a simple card that offers good benefits and doesn’t cost too much. If you seek convenience and savings, this might be the right option. Let’s look at some positives and negatives.

Advantages

The main advantage of the card is the balance transfer mechanism from other cards. This is a good opportunity to settle your debts within a well-spaced timeframe.

Moreover, other advantages seen in this review include HSBC Low Rate Credit Card not charging fees for transactions abroad. It’s an excellent travel companion.

Speaking of travel, with this card, you have access to nationally included travel insurance in the benefits.

Disadvantages

HSBC Low Rate Card
HSBC Low Rate review: Transfer Balances and Save! Source: HSBC

However, in this review, you can see that the negatives of the HSBC Low Rate Credit Card also involve balance transfers. In this case, after the 20-month period, the interest rate is 25.99%.

In addition to this high rate, to make the transfer, you must pay 2% of the transferred amount to the bank. Furthermore, another disadvantage includes the fact that only Australian residents can obtain the card.

Moreover, the annual fee may be a bit high compared to other cards of the same type.

How to apply for the HSBC Low Rate Credit Card?

With this review, all the positive points of the HSBC Low Rate Credit Card are clear. So, if you’ve decided to join, know that the process works virtually.

Firstly, access the official HSBC website, search for credit card options, and find the low rate type. The entire process is quick, and you receive approval in 60 seconds.

Thus, fill out the requested information, submit your documents, and sign the contract to formalize the membership! Moreover, to take advantage of balance transfer benefits, it must be your first card with the bank!

card

Credit Card

HSBC Low Rate

Quick Benefits

0% p.a. interest for 20 months on balance transfers – enjoy domestic travel insurance and much more!

Você será redirecionado a outro site

Requirements

There are different requirements to meet to join a credit card like HSBC Low Rate. So, in this case, it’s crucial to be of legal age first. Additionally, this card is only available to residents.

Another point is the income, which must be $40,000 annually. Furthermore, this card does not allow joint applications. Moreover, remember that you’ll need to present all requested supporting documents.

So, prepare your proof of residence, your identification document, and proof of fixed income if you wish to apply for this card.

Explore another option: St. George Vertigo Credit Card

Now that our review has helped you learn more about the HSBC Low Rate Credit Card from Australia don’t miss the opportunity to visit the site and join as soon as possible!

Take advantage of all the possibilities to save right now. On the other hand, comparing credit card options is a wise action to save as much as possible. Thus, how about exploring other card offers?

HSBC Low RateSt. George Vertigo
Annual card fee$99;$55;
Purchase Rate (p.a) 12.99%;13.99%;
Interest Free PeriodUp to 55 days;Up to 55 days;
Balance Transfer (p.a)0% for a limited period of time.0% for a limited period of time.

In this way, the St. George Vertigo Credit Card has a lower annual fee and a longer limit time for balance transfers between cards. Want to know more? Then come check out our review!

St. George Vertigo Card

St. George Vertigo Credit Card Review: Low Annual Fee!

Check out the review of St George Vertigo and learn how you can use the card to your advantage, with a 0% charge on transferred balances!

Sobre o autor  /  Filipe Travanca

Bacharel em História e Audiovisual pela Universidade de São Paulo. Apaixonado pela escrita e pela literatura, atua como roteirista, redator e contista, explorando os mais variados temas e assuntos. Um grande curioso, que gosta de estudar de tudo um pouco e partilhar esses aprendizados em seus textos.

Revisado por  /  Samantha Scorbaioli

Editor(a) sênior

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