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The HSBC Platinum Credit Card could save you thousands of dollars in interest if you’re paying off existing credit card debt. The 3-year, 0% interest period gives you at least 6 extra months on your balance transfer compared to most other cards, which offer 0% rates for 6 to 30 months. Plus, there is no balance transfer fee and a super-low $29 annual fee for the first year. That said, as with any balance transfer offer, you'll want to make sure you can pay off the full balance before the 21.99% p.a. revert rate kicks in.
0% p.a.
Balance transfer rate
for 36 months
19.99% p.a.
Purchase rate
1
Reward point
Per $ spent
$29 p.a.
Annual fee
for the first year ($129 p.a. thereafter)
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Product Name | HSBC Platinum Credit Card |
---|---|
Rewards program | HSBC Rewards Plus |
Balance transfer rate p.a. | 0% for 36 months |
Balance transfer revert rate | Cash Advance Rate (21.99% p.a.) |
Balance transfer limit | 90% of available limit |
Purchase rate p.a. | 19.99% |
Annual fee | $29 for the first year ($129 thereafter) |
Interest-free period | Up to 55 days on purchases |
Cash advance rate | 21.99% p.a. |
Min credit limit | $6,000 |
Card type | Visa |
Foreign currency conversion fee | 3% |
Minimum income | $40,000 |
---|---|
Available to temporary residents | Yes - Conditions apply |
Joint application | No |
Rewards program | HSBC Rewards Plus |
---|---|
Bonus points | N/A |
Rewards points per $ spent | 1 |
Rewards points cap | 10,000 |
Annual fee | $29 for the first year ($129 thereafter) |
---|---|
Minimum monthly repayment | 3% of the closing balance or $20, whichever is greater |
Late payment fee | $30 |
Foreign currency conversion fee | 3% |
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 |
Review by
Amy has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. She is also the editorial lead for Finder Green, covering sustainability across different industries. Her work has appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy also has a Bachelor of Arts in Journalism and Drama from Griffith University.