When the Virgin Credit Card was first launched it was a highly competitive card, offering low interest rates and no annual fees. Since then the Australian credit card market has changed and there are now alternatives such as the HSBC Low Rate Credit Card

The HSBC Low Rate Credit Card is probably the HOTEST INTRODUCTORY OFFER in the market at the moment, and is proving to be a very popular card.

Some Key Features of the HSBC Offer are

0% p.a. until 1st January 2008* on purchases
0% p.a. until 1st March 2008** on balance transfers~
$0 annual fee for the first year
Up to 55 days interest-free on purchases^
Instant Rewards in over 40 countries with HSBC's home&Away Privilege Program

Virgin / HSBC Comparison Table

	Apply
Institution	HSBC	Virgin Money
Product Name	Low Rate Credit Card	Virgin Credit Card
Card Type	V	M
Status Level	Standard	Standard
Account Type	Credit	Credit
Purchase Rate	11.95 (0% intro* Jan 08)	12.99
Intro Rate	0% Until Jan 08*	No intro rate
Intro Term	Until Jan 08	-
Balance Transfer	0% until Mar 08**	0% for 6 months
Interest Free Days	55^	55
Min Repayment	$30 or 3%	2% or $10, whichever is greater
Annual Card Fee	$0 first year $39 after that	0
Annual Rewards Fee	$0	$0
Late Payment Fee	30	25
Duplicate Statement Fee	8	0
Trans Verification Fee	10	0
Reinstatement Fee	25	0
Over Limit Fee	30	30
Over Limit Fee Charged When Over
OS ATM Fee Balance	0	0
OS ATM Fee Withdrawal	0	2.5
OS Emergency Card Fee	200	0
Interest Charged From	Purchase Date	Purchase Date
Annual Fee Waiver
Overseas ATM Availability	Visa Plus	Cirrus, Maestro
Interest Paid On Credit Balance	False	False
Purchase Insurance	False	False
Auto Travel Insurance
Loan Application Fee Discount	False	False
Comments	Terms & Conditions Credit provided by HSBC Bank Australia Limited ABN 48 006 434 162 AFSL No. 232595. Fees, charges and lending criteria apply. Terms and conditions apply and are available on request. Offer available for completed HSBC Low Rate Credit Card applications received between 01/08/07 and 31/10/07. HSBC cardholders who have previously cancelled the same card type as the new HSBC card they are applying for may not be entitled to any promotional offers. Interest rate on purchases applies until 1/1/08. Balances outstanding on purchases at the end of the promotional period will form part of the unpaid balance and will accrue interest at the Interest Rate for Purchases currently 11.95%p.a. *Interest rate on balance transfers applies until 1/3/08 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 15.95%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. ^ 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.	3% for three months on purchases worth $500 or more
Rewards Program	True	True
Program Name	HSBC's home&Away Privilege Program	Mates Rates Rewards
Program Partners	Refer to www.homeandaway.hsbc.com	Over 55 shopping, entertainment, travel and lifestyle partners including Jeans West, Rebel Sport and ACP Magazines. For comprehensive list, visit virgincreditcard.com.au
Points per Dollar	0	0
Bonus Points Avail	False	False
Bonus Point Partners	N/A
Number of Bonus Points	0	0
Lifetime of Points (mths)	0	0
Conditions	Refer to www.homeandaway.hsbc.com to view program terms and conditions.
Conversion to Frequent Flyers	False	False
Rewards to Frequent Flyer Ratio
Domestic Airlines
International Airlines

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