HSBC Credit Cards

HSBC Credit Card Offer

HSBC Platinum Credit Card

0% p.a. for 36 months on balance transfers
Discounted $29 first-year annual fee

Eligibility criteria, terms and conditions, fees and charges apply

HSBC Credit Card Offer

Enjoy a 0% introductory balance transfer rate for 36 months, with no balance transfer fee.

• $29 first-year annual fee (reverts to $129 thereafter)
• Complimentary travel insurance and 2 lounge passes per year
• Earn 1 HSBC Rewards Point per $1 spent in Australia and 2 overseas
• Purchase rate: 19.99% p.a. | Cash advance rate: 21.99% p.a.

Go to Site

More info

HSBC Credit Cards Comparison

Types of credit cards from HSBC

From cards with no annual fee and low rates to platinum and business cards that offer competitive rewards programs, you can compare HSBC credit cards below:

They offer balance transfer promotional periods on other credit cards that can deliver further savings, too. HSBC has a strong presence in the premium end of the credit card market, with a range of platinum products to choose from. One such card gives you enrollment to the HSBC Rewards Plus Program, while the other platinum credit card lets you earn Qantas Points when you spend. The Premier World Mastercard rounds out their suit of products. This card is a step above platinum and delivers VIP treatment when you shop and when you play worldwide.

• No annual fee cards

No annual fee credit cards can be an efficient way to keep your card costs low. If you don't use your card regularly or just want to avoid standard fees, the HSBC Premier World Mastercard charges $0 annual fee for the life of the card. While no annual fee cards generally come with fewer extra features, the HSBC Premier World Mastercard offers a rewards program as well as travel and purchase protection insurance.

• Platinum and rewards credit cards

Platinum credit cards offer cardholders rewards, complimentary insurance, a personal concierge service, exclusive deals and other features that help cardholders get extra value from their card. HSBC offers two platinum products, the HSBC Platinum Credit Card and the HSBC Platinum Qantas Frequent Flyer credit card. The major difference between these two cards is the choice of rewards program. Frequent flyers may prefer to earn Qantas Points with the Platinum Qantas product, while reward seekers who want more flexibility would benefit from the HSBC Rewards Program that comes with the Platinum card. Both cards allow you to earn points on purchases which you can redeem for a variety of rewards including flights, gift cards, travel packages, merchandise and more.

• Premium credit cards

The HSBC Premier World Mastercard is a premium credit card that offers cardholders more value for their money. This product gives you the choice of earning frequent flyer points with the HSBC Qantas Program or earning HSBC Reward points when you spend. Cardholders can also take advantage of a low balance transfer offer and complimentary insurance covers with no annual fee.

• Corporate credit cards

Corporate credit cards are designed to help businesses manage their expenses. These cards achieve this by offering benefits such as multiple cards with individual spend limits, travel insurances to cover business trips and easy online management to keep your business spending in check. All of this and more is offered by the HSBC Corporate Card. The HSBC card allows you to classify spend limits by departments and business units, offers complimentary travel insurance and comes with simplified expense management and detailed reporting systems.

Features you can get with a HSBC credit card

• HSBC Instant Savings

HSBC Instant Savings is a unique credit card benefit that gives you access to travel, shopping, dining and other lifestyle deals through Frequent Values by Entertainment Publications. You can use these offers to save between 5% to 50% on your credit card spending with thousands of participating businesses in Australia and New Zealand.

Once you have a HSBC credit card, you just need to activate your HSBC Instant Savings account and start browsing offers. When you find an offer that you want to use, just follow the instructions to redeem it in-store or online. Usually, this is a similar process to what you'd expect with a coupon code offer, such as showing the offer to a staff member in-store, clicking a dedicated link for online specials or entering a code at the checkout.

• Mobile wallets and contactless payments

You can add your credit card (except the HSBC Corporate Card) details to Apple Pay or Google Pay and use your eligible smartphone or smartwatch to make contactless payments at the terminal.

• HSBC Interest Free

HSBC credit cards give you access to interest-free finance offers at over 1,000 participating retailers, with partners including Webjet, King Living (furniture) and Betta. When you're shopping with one of HSBC's merchant partners, let them know you want to pay with HSBC Interest Free and they'll let you know what options are available. The 0% interest period can last up to 60 months on select items, but keep in mind that you'll still have to make minimum repayments during that time.

• HSBC home&Away Privilege Program

This program gives you access to special offers and discounts with partners in Australia and around the world when you use your HSBC credit card. To give you an idea of the options, when Finder looked on the HSBC home&Away website in April 2021, we saw offers included discounts on Hotels.com bookings, Agoda bookings and at Roses Only.

• Online and mobile banking

You can check your balance, manage your account and send secure messages through HSBC's online and mobile banking platforms, as well as the HSBC app. With Online Banking, you can even set controls for your card based in the type of transaction, value or country.

How to apply for a HSBC credit card

You can apply online in around 10 minutes by filling in a secure application form on the HSBC website. To get started, make sure you meet the eligibility requirements and have the documents and details you need to include on the application.

While each card has a different set of requirements, you'll usually need the following:

Information needed for a HSBC credit card application

• Personal information. This includes your current home address and previous home address if you’ve recently moved.
• Residential status. While HSBC offers credit cards to non-temporary residents, however, you may need to speak to a HSBC representative directly if you wish to apply as a non-resident.
• Employer’s details. You will be asked to provide your employer’s contact details. If you’re self-employed you may also be asked to provide your accountant’s contact information.
• Financial information. The online application requires you to detail your financial situation. This includes information about your income, expenses, assets and liabilities. You may be required to confirm whether or not you have a mortgage or any dependent children and provide details regarding your savings and whether you get any income from assets such as shares or property.

Frequently asked questions about HSBC credit cards

• How do I get my PIN and how do I change it?

  When you apply for a HSBC credit card, your PIN will be issued with the card. Your PIN will arrive in a separate envelope for safety reasons. Once you activate your credit card, you can use the PIN to make purchases and withdraw cash.

  If you want to change your PIN for any reason, you can do this by visiting a HSBC branch. It only takes a minute or two to complete the process of setting up a new PIN.

• How do I get interest-free credit with HSBC?

  HSBC have agreements with more than 1,000 participating merchants that may allow you to get extended interest-free finance. Get the items you want and pay back the balance over a period of 3 to 60 months without paying any interest. You need to set up an interest-free finance agreement with the merchant if you want to make use of this feature. Please note that interest-free finance is different to the interest-free days feature on HSBC credit cards.

• What’s the minimum repayment on my HSBC credit card?

  You'll need to pay a minimum repayment of 3% or $30 for Low Rate cards and 3% or $20 (whichever is greater) for all other HSBC credit cards by the date listed on your statement each month.

• How do I apply for a HSBC balance transfer?

  If you want to take advantage of the balance transfer promotion available with HSBC credit cards, generally, you need to be a new customer applying for the credit card. You can elect to conduct a balance transfer from a non-HSBC credit card, store card or charge card while you're completing your application. Make sure that you include the name of your financial institution, the amount you want to transfer and details of the account. Please note that a 2% balance transfer fee applies to any balances transferred to a Low Rate credit card.

• How much can I transfer to my HSBC credit card?

  You can balance transfer up to 90% of your approved credit limit.

• How do I earn Qantas Points with my HSBC credit card?

  The HSBC Platinum Qantas Credit Card allows you to earn Qantas Points on purchases. As well as a bonus points offer on sign up, you'll earn 1 Qantas Point per $1 spent on all eligible purchases. This excludes interest-free promotions, balance transfers, business expenses, cash advances, fees or charges, any disputed transactions, BPAY payments and any government fee or charge.

  When you apply for the HSBC Platinum Qantas credit card, make sure you link your card with your Qantas Frequent Flyer account to start earning points. If you haven't already signed up to the Qantas loyalty program, you'll receive free membership when you sign up through HSBC.

• How can I use HSBC Instant Savings?

  When you activate a new HSBC credit card, you'll be sent a welcome email some time in the first 30 days. This email includes details of your HSBC Instant Savings membership, as well as a link to the app. You can then set up your account in three steps:

  1. Download the app using the link in your welcome email.
  2. Enter the client code, membership number and temporary password (provided in the email).
  3. Provide your name and contact details, along with a secure password. Then follow the prompts to complete your registration.

  After that, you can use the app to search for offers and use them.

• What is Frequent Values?

  Frequent Values is a program run by Entertainment Publications – and it provides the offers you'll see through HSBC Instant Savings. If you've ever bought or heard of the Entertainment Book, this is the same publisher and runs along similar lines. Basically, Frequent Values offers thousands of different promotions with companies in Australia and overseas. Partners include Coles, Woolworths, David Jones, Hoyts, Jetstar, Virgin Australia, Emirates, InterContinental Hotels and Mantra Hotels.

  The HSBC Instant Savings offers you can get with a HSBC credit card vary depending on the partner and your location but some of the savings you could make as a member include:

  • Up to 5% off at supermarkets and petrol stations
  • Up to 10% off at department stores
  • 20% off dining at participating venues in Australia (up to $25 per bill)
  • Up to 50% off family activities and lifestyle purchases
  • Up to 50% off hotels around the world

• Do BPAY payments earn reward points?

  BPAY payments do not earn reward points. Eligible purchases exclude interest-free promotions, balance transfers, business expenses, cash advances, fees or charges, any disputed transactions, BPAY payments and any government fee or charge.