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HSBC Platinum Credit Card

A strong platinum card offer with one of the longest 0% balance transfer periods in Australia right now.

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.

1.0 ★★★★★ (2 reviews) Write a review

0% p.a.

Balance transfer rate

for 36 months

19.99% p.a.

Purchase rate


Reward point

Per $ spent

$29 p.a.

Annual fee

for the first year ($129 p.a. thereafter)

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Product NameHSBC Platinum Credit Card
Rewards programHSBC Rewards Plus
Balance transfer rate p.a.0% for 36 months
Balance transfer revert rateCash Advance Rate (21.99% p.a.)
Balance transfer limit90% of available limit
Purchase rate p.a.19.99%
Annual fee$29 for the first year ($129 thereafter)
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


  • 0% p.a. on balance transfers for 36 months (with no BT fee)
  • 2 airport lounge passes every year
  • Includes complimentary travel and purchase protection insurances


  • Balance transfer reverts to a relatively high 21.99% p.a. cash advance rate
  • Charges a 3% foreign transaction fee
  • Points are capped at 10,000 per statement period.
Rewards programHSBC Rewards Plus
Bonus pointsN/A
Rewards points per $ spent1
Rewards points cap10,000
Annual fee$29 for the first year ($129 thereafter)
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

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.

Expert review

Currently the market-leading balance transfer offer, this card helps you save on debt with 0% p.a. interest on balance transfers for 36 months with no balance transfer fee. Plus, a $29 annual fee for the first year designed to help you save even more. To give you an idea of the potential savings, if you wanted to transfer $5,000 and are currently being charged 19.99% p.a. interest, you could save over $2,000. Just make sure that the standard $129 p.a. annual fee doesn't eat into your savings too much.

How to apply

To get started, make sure you've met the eligibility requirements and have the necessary documents and information on hand.

Eligibility criteria

  • Balance transfer. If you're planning to take advantage of the balance transfer promotion, you can transfer up to 90% of your available credit limit from non-HSBC credit and store cards and you must request the transfer upon application.
  • Minimum income. You must earn at least $40,000 per year to apply for this card.

Card benefits

  • Balance transfer offer. Save on interest charges with 0% p.a. on balance transfers for the first 36 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. To get this offer, you must request a balance transfer at the time of application.
  • Discounted first-year annual fee. This card charges a $29 annual fee for the first year, which reverts to $129 p.a. thereafter.

Rates & fees

  • Annual fee. Outside of any promotions, this card charges a standard annual fee of $129 p.a. You can also add an additional cardholder at no extra cost.
  • Purchase rate. The variable purchase interest rate for this card is 19.99% p.a.

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