HSBC Platinum Credit Card – Bonus Points Offer

Collect 84,000 bonus Rewards Plus points with a new HSBC Platinum Credit Card.

The HSBC Platinum Credit Card earns 2 Rewards Plus points per $1 spent on overseas purchases and 1 point everywhere else. On top of that, you’ll also get 84,000 bonus points when you apply, get approved and spend $3,000 on eligible purchases within the first 90 days.

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Product NameHSBC Platinum Credit Card - Bonus Points Offer
Rewards programHSBC Rewards Plus
Purchase rate19.99% p.a.
Annual fee$129
Interest-free periodUp to 55 days on purchases
Cash advance rate21.99% p.a.
Min credit limit$6,000
Card typeVisa
Foreign currency conversion fee3%
Minimum income$40,000
Available to temporary residentsYes - Conditions apply
Joint applicationNo


  • 84,000 bonus points offer
  • Includes complimentary travel and purchase protection insurances
  • 2 complimentary lounge passes per year through LoungeKey


  • Charges a 3% foreign transaction fee
  • Points are capped at 10,000 per statement period.
Rewards programHSBC Rewards Plus
Bonus points84,000
Rewards points per $ spent1
Rewards points cap10,000
Annual fee$129
Minimum monthly repayment3% of the closing balance or $20, whichever is greater
Late payment fee$30
Foreign currency conversion fee3%
Cash advance fee3% or $4, whichever is greater
Overseas cash advance fee3% of transaction amount or $4 (whichever is greater)
Additional cardholder fee$0

How to apply

If you've compared your options and decided that this offer is right for you, you can complete a secure application online. It should take 10 minutes to complete and you'll receive a response in 60 seconds. Before you apply, make sure you've met the eligibility requirements and have the necessary documents and information on hand.

Eligibility criteria

  • Minimum income. You must earn at least $40,000 per year.
  • Residency. You must be an Australian resident. If you are not a permanent resident, you must hold a current 457 long-stay business visa.

Card benefits

  • Bonus points offer. Receive 84,000 bonus Rewards Plus Points when you apply as a new Rewards Plus customer, get approved and spend $3,000 on eligible purchases within the first 90 days. The points will be credited to your account within 60 days of the spend requirement being met.
  • Airport lounge passes. Travel comfortably with a LoungeKey membership that gives you two, single-use airport lounge passes every year.

Rates & fees

  • Annual fee. This card charges a standard annual fee of $129 p.a. You can add additional cards for family or friends for $0.
  • Purchase rate. The HSBC Platinum card charges a variable interest rate of 19.99% p.a. on purchases.

Review by

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The HSBC Platinum currently boasts 84,000 bonus Rewards Plus points when you meet the spend requirement. To give you an idea of the value of this offer, that’s enough points for $350 worth of Woolworths Supermarket e-Gift cards (one $250 card for 60,000 points and one $100 card for 24,000 points).

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    Default Gravatar
    July 30, 2019

    What is a loungeKey access? can you access Qantas lounge for example

      Default Gravatar
      July 30, 2019

      Hi George,

      Thanks for your question. The Loungekey is a membership that gives you access to more than 850 lounges in over 400 airports worldwide, as well as dining, spa and retail offer from select exclusive airport merchants. As per my search, Qantas doesn’t have a direct partnership with Loungkey. To check the list further, you can download the Loungkey app to search for the lounges partnered with Loungkey.

      Hope this helps!


    Default Gravatar
    February 20, 2019


    “Please note that since this card offers a 22 months 0% balance transfer rate, the 55 days 0% free interest days is not applicable until the end of the balance transfer period.”

    My question is, how many days do you get to pay off any extra purchases on the card to prevent getting charged any interest if you have a balance transfer on the card?

      Avatarfinder Customer Care
      February 21, 2019

      Hi Steve,

      Thank you for getting in touch with Finder.

      Credit card repayments are allocated based on the portion of your balance that attracts the highest interest rate.

      As per this page, you will receive up to 55 days interest-free when you make a purchase on the card and you pay your account in full each month. Your purchases outside the balance transfer have up to 55 days interest-free provided that you satisfy the conditions of interest-free based on the rest of the balances. You may pay the purchase balance off once you got the statement or before its due date.

      You may also use our guide about managing new credit card purchases with a promotional balance transfer.

      I hope this helps.

      Thank you and have a wonderful day!


    Default Gravatar
    June 16, 2018

    what amount has to be spent on this credit card to validate travel insurance?

      Default Gravatar
      June 16, 2018

      Hi Geoff,

      Thanks for your inquiry

      You will receive international travel insurance cover when you pay for at least 90% of your overseas return travel ticket with your HSBC Platinum credit card. The cover can be extended to your spouse and dependents if they also meet the 90% return ticket payment requirement. Please note that the spouse and dependents must be traveling with you for the entire journey to be eligible for the complimentary insurance

      Hope this information helps


    Default Gravatar
    May 10, 2018

    If I do a balance transfer on an amount am I right in saying I will only pay interest on anything else purchased on that card but not the balance transfer amount? (keeping in mind I must pay off the balance transfer amount before the end of the 0% free period)

      Default Gravatar
      May 11, 2018

      Hi LW,

      Thanks for your message and for visiting finder.

      Yes, you are correct. The interest rate of HSBC Platinum credit card is 19.99% and is applied to the purchases made on the card and not the balance transfer amount.

      Please note that since this card offers a 22 months 0% balance transfer rate, the 55 days 0% free interest days is not applicable until the end of the balance transfer period.

      Hope this clarifies.


    Default Gravatar
    October 5, 2017

    Is there Master or Visa card with no capped award points and can I pay my business supplier accounts and earn points?

      Default Gravatar
      October 6, 2017

      Hi Zak,

      Thanks for your question.

      You can check our page on credit cards with uncapped rewards points to compare rewards credit card that offers uncapped earning. On the page, is a comparison table you can use to see which card suits you.

      Our list of business credit cards with frequent flyer points will earn you points when paying your business expenses. Some of these business cards offer uncapped points. You can find this information by clicking the “More Info” link and refer to the rewards program section.

      Once you have chosen a particular card, you may then click on the “Go to site” button and you will be redirected to the bank’s website where you can proceed with your application or get in touch with their representatives for further assistance.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.

      I hope this helps.


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