HSBC Platinum Credit Card – Balance Transfer Offer
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Save money with 0% interest on balance transfers for 22 months and an ongoing annual fee refund with the HSBC Platinum Credit Card.
The HSBC Platinum gives you access to premium perks, including airport lounge passes, a personal concierge, complimentary insurance & rewards.
0% p.a.
Balance transfer rate
for 22 months
19.99% p.a.
Purchase rate
1
Reward point
Per $ spent (Visa/Mastercard)
$129 p.a.
Annual fee
Details
| Product Name | HSBC Platinum Credit Card - Balance Transfer Offer |
|---|---|
| Rewards Program | HSBC Rewards Plus |
| Balance transfer rate | 0% p.a. for 22 months |
| Balance Transfer Revert Rate | Cash Advance Rate (21.99% p.a.) |
| Balance Transfer Limit | 90% of available balance |
| Purchase rate (p.a.) | 19.99% p.a. |
| Annual fee | $129 p.a. |
| Interest Free Period | 55 days |
| Cash advance rate (p.a.) | 21.99% p.a. |
| Min credit limit | $6,000 |
| Card Type | Visa |
| Foreign Currency Conversion Fee (Visa/Mastercard) | 3% of transaction value |
| Complimentary Travel Insurance | Yes |
| Minimum Income | $40,000 |
|---|---|
| Minimum Age | 18 years of age |
| Available to Temporary Residents | Yes - Conditions apply |
| Joint Application | No |
Pros
- 0% p.a. on balance transfers for 22 months, with no balance transfer fee
- The $129 annual fee is refunded when you spend $6,000 on eligible purchases each year.
- 2 airport lounge passes every year
- Includes complimentary travel and purchase protection insurances
Cons
- Balance transfer reverts to the 21.99% p.a. cash advance rate after the promotional period
- Charges a 3% of transaction value foreign transaction fee
- Points are capped at 10,000 per statement period.
| Rewards Program | HSBC Rewards Plus |
|---|---|
| Rewards Points per $ spent (Visa/Mastercard) | 1 |
| Rewards Points per $ Cap (Visa/Mastercard) | 10,000 |
| Annual fee | $129 p.a. |
|---|---|
| Minimum Monthly Repayment | 3% of the closing balance or $20, whichever is greater |
| Late Payment Fee | $30 |
| Foreign Currency Conversion Fee (Visa/Mastercard) | 3% of transaction value |
| Cash Advance Fee | 3% or $4, whichever is greater |
| Overseas Cash Advance Fee | 3% of transaction amount or $4 (whichever is greater) |
| Additional Cardholder Fee | $0 |
Expert review
Review by
Sally McMullen
sally.mcmullen@finder.com.auSally McMullen is Finder's credit cards and frequent flyer editor by day and a music maven by night. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone.
