HSBC Rewards Plus

Got a HSBC rewards credit card? Here's when you'll earn points and what rewards you can get through HSBC Rewards Plus.

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

HSBC Rewards Plus lets you earn rewards points per $1 on eligible purchases you make with a HSBC credit card. You can use these points to get rewards including cashback on your account, frequent flyer point transfers and digital gift cards for brands like Amazon, Bunnings Warehouse, Coles and JB Hi-Fi.

So if you have a HSBC rewards card or you're thinking of getting one, we've broken down the key details for HSBC Rewards Plus, as well as some tips to make the most of it.

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

How does the HSBC credit card rewards program work?

With a HSBC Platinum or Premier credit card linked to the HSBC Rewards Plus program, you can earn HSBC rewards points for every $1 spent on eligible purchases. When you have earned enough points, these points can then be redeemed for rewards via the Rewards Plus program.

Key features of the HSBC Rewards Plus program

  • No annual fee. This program is complimentary for HSBC Platinum and Premier cardholders.
  • No points caps. You can earn an unlimited number of points per year with your Platinum or Premier credit card.
  • Points expiry. HSBC reward points expire 3 years after their date of issue. You will be reminded in your statement if your points are about to expire.
  • Eligible purchases. You can earn rewards points on all eligible purchases. This excludes interest-free and other promotions, balance transfers, business expenses, cash advances, fees and charges, disputed transactions, BPAY transactions and government fees or charges.
  • Bonus points. Depending on when you apply for a HSBC credit card, you could get an introductory bonus points offer that gives you thousands of bonus points when you meet a spend requirement. HSBC may also offer bonus points at partner stores, or when you are informed of special promotions.

Compare HSBC Rewards credit cards

You can earn HSBC Rewards Plus points with either of the following cards:

  • HSBC Platinum Credit Card. The HSBC Platinum Credit Card offers the prestige of a Platinum card, the luxury of personal concierge services, access to Visa Premium benefits, complimentary insurances, as well as the ability to earn 1 rewards point per $1 spent on eligible purchases.
  • HSBC Premier World Mastercard. The HSBC Premier World Mastercard offers premium HSBC bank account holders access to the World Mastercard program, global concierge services and complimentary insurances. With this card, you can earn 1 rewards point per $1 spent on eligible domestic purchases, and 1.5 rewards point per $1 spent on eligible international purchases. Alternatively, you may choose to link this card to your Qantas Frequent Flyer account instead. Should you decide to do this, you will earn 1 Qantas Point per $1 spent on all eligible purchases.

HSBC Qantas Rewards

In addition to these two HSBC Rewards Plus credit cards, you have a third choice of earning Qantas Points with the HSBC Platinum Qantas Credit Card. With this card, you will earn 1 Qantas Point per $1 spent on eligible purchases up to $1,000 per statement period, after which you will earn 1 Qantas Point per $2 spent on eligible purchases.

HSBC Rewards Credit Cards Comparison

Name Product Bonus points Rewards program Rewards points per $ spent Purchase rate Annual fee
HSBC Platinum Credit Card
HSBC Rewards Plus
19.99% p.a.
$29 annual fee for the first year ($129 p.a. thereafter)
Save money with a 0% balance transfer rate for 36 months (with no BT fee), a first-year annual fee discount and free travel insurance.

Compare up to 4 providers


What rewards can I get with an HSBC Rewards Plus credit card?

The HSBC Rewards Plus program lets you redeem rewards in the following categories:

  • Entertainment. Redeem your points for cinema and theme-park tickets, aquarium and zoo entry tickets, or more adventurous excursions including a V8 race car driving experience.
  • Cashback. If you’d prefer to spend your rewards points exactly how you like, you can get cashback on your credit card in denominations of $25, $50 and $100.
  • Gift cards or vouchers. Redeem your points for gift cards or vouchers at major stores including David Jones, Myer, Coles, Woolworths, JB Hi-Fi, Westfield, BP and Bunnings Warehouse.
  • Merchandise. If you prefer shopping online, you can also redeem your points for a wide variety of merchandise including jewellery, electronics, luggage, homeware, manchester, sports goods, fragrances and wine hampers.
  • Travel. The HSBC Rewards Plus program allows you to redeem your points for vouchers you can use at Flight Centre or partner hotels including Choice Hotels, Fairmont Hotels and Swissotel Hotels & Resorts.
  • Frequent flyer points. You can now also redeem Velocity Points at the rate of 5,000 HSBC points to 2,500 Velocity Points. Premier World Mastercard holders can also redeem Asia Miles or Singapore Airlines Krisflyer miles at the same rate.

How much value do HSBC points offer?

There is no fixed value for HSBC Rewards Plus points, and the number of points you need varies depending on your chosen reward. But to give you a general idea, you could get a $100 Uber Eats gift card for 24,000 points or $100 cashback on your credit card for 20,000 points. This is based on information Finder found on the HSBC Rewards website on 11 May 2020.

How to redeem HSBC rewards

To make a redemption, follow these steps online:

  1. Go to
  2. Log in using your Credit Cards Online or HSBC Personal Internet Banking details
  3. Select your reward and follow the prompts to complete your redemption

Alternatively, you can call any of the following numbers to make a redemption over the phone:

  • General contact number. 132 152
  • Platinum cardholders. 1800 100 287
  • Premier cardholders. 1300 301 168

Other factors to consider before choosing an HSBC Rewards Plus credit card

If you’re interested in getting an HSBC reward credit card, make sure you weigh up the following factors before you apply:

  • Annual fee. The HSBC Platinum Credit Card charges $129 p.a. but this fee is refunded each year when you spend $6,000 on eligible purchases. The HSBC Premier World Mastercard charges no annual fee when you’re enrolled in the Rewards Plus program, but $99 annually if you opt to earn Qantas Rewards instead.
  • Interest rates. Currently, both these cards offer a purchase interest rate of 19.99% and cash advance interest rate of 21.99%. This is moderately high but similar to other reward credit cards. Remember that you can keep interest charges down by aiming to repay your monthly balances on time and avoid withdrawing cash using your credit card.
  • Additional cardholders. Both of these HSBC credit cards let you add additional cardholders for free. By sharing your account with a partner or family member, you may be able to earn rewards points at a faster rate, but you will still be the sole person responsible for keeping the account in order.
  • International transactions. A foreign currency conversion fee applies on international transactions at 3% for the HSBC Platinum Credit Card and 2% for the HSBC Premier World Mastercard.
  • Complimentary extras. Both cards offer complimentary travel insurance, purchase protection, price protection and extended warranties on your card purchases.
  • home&Away Privilege Program. All HSBC credit cards are automatically enrolled in their home&Away Privilege Program which gives you access to exclusive HSBC dining, shopping and other offers across 40 countries when you use your HSBC credit card.

If you’re after a low or no-annual-fee card that lets you earn rewards points at the same time, these HSBC rewards credit cards may be worth considering. Since there are other similar cards on the market, we recommend that you thoroughly research all your available options and compare them before choosing the one that will best suit your personal needs and spending habits.

Images: Shutterstock

Back to top

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

4 Responses

    Default Gravatar
    FrankFebruary 3, 2015

    Good Afternoon. With the Platinum Rewards card is there a capped quantity of points per annum? And how long do the points last before they expire?

      Avatarfinder Customer Care
      ElizabethFebruary 3, 2015Staff

      Hi Frank,

      Thanks for your question.

      There is no points cap for the HSBC Platinum Credit Card. Regarding your points expiry, according to the terms and conditions of the program: ‘Any points not redeemed 36 months after the end of the month in which the points were recorded will expire and be deducted from the points balance appearing on your statement for your program account.’

      I hope this has helped.



    Default Gravatar
    markSeptember 10, 2013

    I already have a HSBC Visa card can I earn Qantas frequent flyer points?

      Avatarfinder Customer Care
      JacobSeptember 10, 2013Staff

      Hi Mark,

      Thanks for your inquiry.

      Yes, while HSBC has its own credit card rewards program, you may choose to link this card to your Qantas Frequent Flyer account. You will earn 1 Qantas Point per $1 spent on all eligible purchases.

      Please ensure to read through the relevant product disclosure statement and terms and conditions to ensure that you got everything covered on your transactions.

      I hope this helps.


Go to site