In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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HSBC Platinum Qantas Credit Card
Terms and conditions apply
Purchase rate
19.99% p.a.
Reward points per $ spent
Annual fee for the first year ($299 p.a. thereafter)
$0 p.a.
Interest-free on purchases
Up to 55 days

Our verdict

Offers 1.5 Qantas Points per $1 on eligible spending in the first year, which drops to 1 point per $1 after that.

This frequent flyer credit card from HSBC offers two of the most popular perks available: Qantas Points and travel insurance. It also offers a high earn rate of 1.5 Qantas Points per $1 on eligible spending of up to 120,000 for the first 12 months. The 1 Qantas Point per $1 earn rate that applies from the second year is also competitive. But unlike some other frequent flyer cards, it doesn't have a big bonus points offer on sign-up.


  • Up to 1.5 Qantas Point per $1 spent
  • $0 first-year annual fee ($299 p.a. thereafter)
  • Complimentary travel insurance and purchase insurance benefits
  • 0% p.a. on balance transfers for the first 12 months


  • Charges a 2% balance transfer fee
  • Points cap of 120,000 per year
  • High 21.99% p.a. interest rate for balance transfers after the introductory period

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

The HSBC Platinum Qantas Credit Card offers complimentary Qantas Frequent Flyer membership, saving you $99.50 on the usual joining fee if you're not a member yet. It also gives you access to complimentary domestic and international travel insurance and purchase insurance options. If you want to switch to this card, you could also transfer your existing card balance and get a 0% p.a. balance transfer rate for the first 12 months. But there is a 2% balance transfer fee and a higher rate after that.


Product details

Product Name HSBC Platinum Qantas Credit Card
Balance transfer rate p.a. 0% for 12 months with 2% balance transfer fee, then 21.99%
Balance transfer limit 90% of available limit
Purchase rate p.a.
Interest-free period
Up to 55 days on purchases
Cash advance rate p.a. 21.99%
Min credit limit $6,000
Max credit limit $25,000
Card type Visa


Available to temporary residents No
Minimum income $40,000
Joint application No


Rewards program Qantas Frequent Flyer
Bonus points N/A
Rewards points per $ spent 1.5
Rewards points cap 120,000


Annual fee
$0 first year ($299 after)
Minimum monthly repayment 3% of the closing balance or $20, whichever is greater
Late payment fee $30
Foreign currency conversion fee
Cash advance fee 3% or $4, whichever is greater
Additional cardholder fee $0

How to apply

You can apply for the HSBC Platinum Qantas Credit Card online in about 10 minutes and could get a response from HSBC within 60 seconds of submitting your application. Before you get started, make sure you meet the eligibility requirements and have all the required documents details on hand.

Eligibility criteria

  • Minimum income. You must earn at least $40,000 per year to apply.
  • Residency. You can apply for an HSBC credit card if you are an Australian citizen, permanent resident or temporary resident, provided you hold a current and valid visa.

Card benefits

  • Qantas Points per $1 spent. The HSBC Platinum Qantas Credit Card offers 1.5 Qantas Point per $1 on eligible purchases, up to 120,000 points in the first 12 months. After that, you'll earn 1 Qantas Point per $1 on eligible spending up to 120,000 per year.
  • $0 first-year annual fee. This card offers a waived annual fee in the first year, which goes to $299 per year after that.

Rates & fees

  • Annual fee. Outside of any promotions, this card has a $299 annual fee, which is on par with some other credit cards offering a similar rate of Qantas Points per $1.
  • Interest rates. The HSBC Platinum Qantas charges a variable 19.99% p.a. interest rate on purchases and 21.99% p.a. on cash advances.

Your reviews

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October 29, 2023

I have a HSBC Plat Visa card have only been earning rewards points with them which I now realise is not very beneficial to me.Can you suggest a card where I will earn QF points or other that includes travel insurance


Amy Bradney-George Finder

October 29, 2023

Hi Judi,

You can compare frequent flyer credit cards on Finder that earn Qantas Points, Velocity Points or points you can transfer to other airline programs. Many of these credit cards also offer complimentary travel insurance, but keep in mind that it is more common on platinum or higher-level cards, which often have annual fees around $200-$450 or more.

In regards to your current card, you may also want to check your HSBC rewards points balance and consider how you want to redeem them before cancelling the account. Rewards include gift cards, cashback and point transfers to Velocity Frequent Flyer, which means you could still get some value out of the points you have already earned. I hope that helps.

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August 20, 2019

Do you earn points when paying ATO?


Charisse Finder

August 20, 2019

Hi Peter,

Thanks for reaching out to Finder.

As per HSBC Qantas Rewards T&C, government fees or charges such as registrations, rates, licences, infringements or Australian Taxation Office

payments are ineligible transactions so you will not earn points from them.

I hope this helps.



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August 08, 2019


I have just retired, 12th July and I was wondering if I can apply for your HSBC Platinum Qantas Credit Card so I can pay my bills and get the Qantas points. I currently have a St. George Vertigo Platinum I want to replace.


Nikki Angco

August 09, 2019

Hi Michelle,

Thanks for your question.

This card requires a minimum annual income of $40,000. You can read through the eligibility requirements above and if you think you can meet them, feel free to apply. Otherwise, you can view other credit card options for retirees.

As a friendly reminder, check the other relevant eligibility requirements of the card before proceeding with your application. Also, read about its features and benefits and see how it fits your financial needs. Additionally, it’s helpful to review the PDS and Terms & Conditions of the card before fully committing to the card. You may also reach out to the bank if you have any clarifications.

Hope this helps!



Hope this helps

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March 26, 2019

Does this card have no international transaction fees? Thanks!


Jeni Finder

March 27, 2019

Hi AngelT,

Thank you for getting in touch with Finder.

It has a foreign conversion fee of 3% of the transaction value for purchases while $4 or 3.0% of the total transaction amount, whichever is higher, if cash withdrawal. If you’re looking for no foreign transaction fees credit card, you can use our comparison table to help you find the card that suits you. When you are ready, press the ‘Go to site’ button to apply.

Please make sure though to read the eligibility criteria, features, and details of the card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.

I hope this helps.

Thank you and have a wonderful day!



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March 05, 2019

What is exactly does eligible purchases mean? Not really sure if I want the card to then find out that a regular payment I need to make in Australia will not be eligible.




Joshua Finder

March 06, 2019

Hi Stuart,

Thanks for getting in touch with Finder. I hope all is well with you. 😃

According to HSBC’s website, eligible purchases exclude “interest-free and other promotions, balance transfers, cash transfer, business expenses, cash advances, fees and charges, disputed transactions, BPAY® and any government fee or charge.”

It would also be a good idea to check the eligibility criteria, features and details of this card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.

I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

Have a wonderful day!



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