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 and rewards.

0% p.a.

Balance transfer rate

for 22 months

19.99% p.a.

Purchase rate


Reward point

Per $ spent (Visa/Mastercard)

$129 p.a.

Annual fee


Product NameHSBC Platinum Credit Card - Balance Transfer Offer
Rewards ProgramHSBC Rewards Plus
Balance Transfer Rate0% p.a. for 22 months
Balance Transfer Revert RateCash Advance Rate (21.99% p.a.)
Balance Transfer Limit90% of available balance
Purchase Rate19.99% p.a.
Annual Fee$129
Interest Free Period55 days
Cash Advance Rate21.99% p.a.
Minimum Credit Limit$6,000
Card TypeVisa
Foreign Currency Conversion Fee (Visa/Mastercard)3% of transaction value
Complimentary Travel InsuranceYes
Minimum Income$40,000
Minimum Age18 years of age
Available to Temporary ResidentsYes - Conditions apply
Joint ApplicationNo


  • 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
  • Has access to the home&Away Privilege Program and HSBC Instant Savings.


  • 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 ProgramHSBC Rewards Plus
Rewards Points per $ spent (Visa/Mastercard)1
Rewards Points per $ Cap (Visa/Mastercard)10,000
Annual Fee$129
Minimum Monthly Repayment3% 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 Fee3% or $4, whichever is greater
Additional Cardholder Fee$0

Expert review

Sally McMullen

Review by

Sally 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.

Expert review

The HSBC Platinum is a rewards card currently offering a 0% interest rate on balance transfers for 22 months (with no balance transfer fee), which is one of the longest introductory periods on the market. HSBC allows you to transfer up to 90% of your approved credit limit, which is quite generous and the minimum credit limit available is $6,000.

How to apply

If you've compared your options and decided the HSBC Platinum Credit Card 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 to apply for this card.
  • Balance transfer. If you're planning to take advantage of the balance transfer promotion, the debt cannot be from other HSBC credit cards and you must request the transfer upon application.

Card benefits

  • 0% balance transfer offer. Apply by 30 September 2019 to get 0% p.a. on balance transfers for the first 22 months with no balance transfer fee. Any remaining balance at the end of the promotional period will attract interest at the cash advance rate (currently 21.99% p.a.). You can transfer up to 90% of your available credit limit from non-HSBC credit and store cards issued in Australia. To be eligible for this offer, you need to request the balance transfer when you apply.
  • Ongoing annual fee refund. This card charges a standard $129 annual fee on the anniversary of the account opening date each year. When you spend $6,000 on eligible purchases in the following 12 months, the annual fee will be refunded.

Rates & fees

  • Annual fee. Outside of any promotions, 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.

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  1. Default Gravatar
    August 4, 2019

    Can the balance transfer be done to personal savings account or cheque be issued on personal name?

    • AvatarStaff
      August 6, 2019

      Hi Krish,

      Thank you for contacting Finder.

      No, Balance Transfer can only be between a Personal Loan/ Credit Card to Credit Card. You may read this page to know more on how Balance Transfer works.

      I hope this helps.

      Please do not hesitate to reach out again if you have additional questions.


  2. Default Gravatar
    July 23, 2019

    Is there the ability to add an additional card holder. If so, does this cover them for travel insurance

    • AvatarStaff
      July 24, 2019

      Hi Julie!

      Thanks for your message. Yes, the HSBC Platinum Credit Card allows for additional cards for family or friends for $0. Also, as per the terms and conditions of the HSBC Platinum Visa Credit Card cardholders are eligible for Travel Insurance Program provided that the entire fare of the travel ticket is charged on the customer’s HSBC Platinum Visa Credit Card.

      The insured person/s are:
      • All Primary or Supplementary Cardholders below 75 years old.
      • Legally married spouse below 75 years old
      • Dependent child under age 24 of any eligible person described.

      Hope this was helpful. Don’t hesitate to message us back if you have more questions.


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