HSBC Platinum Qantas Credit Card

Information verified correct on April 24th, 2017
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Earn 60,000 bonus Qantas Points when you apply for the HSBC Platinum Qantas Credit Card before 30 June 2017 and meet the minimum spend requirement.

The HSBC Platinum Qantas Credit Card is an option if you want platinum credit card features without all of the costs. You'll earn 1 Qantas Point per $1 spent up to $2,500 per statement period on eligible purchases in Australia and overseas. Also receive peace of mind courtesy of complimentary insurance covers.

Product NameHSBC Platinum Qantas Credit Card
Rewards ProgramQantas Frequent Flyer
Purchase rate (p.a.)19.99% p.a.
Offer end date30 June 2017
Annual fee$199 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Cash advance rate (p.a.)21.99% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$6,000
Minimum Monthly Repayment3% or $20 whichever is higher
Minimum Income$40,000
Card TypeVisa
Late Payment Fee$30
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Complimentary Travel InsuranceYes
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$40,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$6,000
Annual Fee$199 p.a.
Minimum Repayment3% or $20 whichever is higher
Late Payment Fee$30
Over Limit Fee$30
Cash Advance FeeThe higher of $4 or 3.0% of the total transaction amount
Overseas Cash Advance FeeThe higher of $4 or 3.0% of the total transaction amount
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Gambling Transactions AllowedYes
Gambling Transactions Interest RateCash Advance Rate
Additional Cardholder Fee$0 p.a.
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Pros

  • Receive 60,000 bonus points on eligible spend within 3 months of receiving your card.
  • Complimentary membership to the Qantas Frequent Flyer program saving you $89.50.
  • This card offers a range of benefits including complimentary insurance covers for your peace of mind while abroad.

Cons

  • The 19.99% p.a. interest rate charged on purchases is expensive compared to other cards on the market.
Rewards ProgramQantas Frequent Flyer
Bonus Points on Sign-up60,000
Rewards Points per $ (VISA/MC)1
Rewards Points per $ (AMEX)0
Rewards Points per $ (VISA/MC) Cap2,500
Rewards Points per $ (AMEX) CapN/A
Points ExpiryNever

HSBC Platinum Qantas Credit Card review

If you’re in the market for a platinum credit card that earns Qantas Points, it’s almost impossible to avoid paying an annual fee. The HSBC Platinum Qantas Credit Card has an annual fee of $199. This card is a direct earn Qantas Frequent Flyer card and you can look forward to 60,000 bonus Qantas Points when you meet the spend requirement. You'll also earn 1 Qantas Point per $1 spent on all eligible purchases.

The offer of 60,000 bonus points is only available to new HSBC Credit Card account holders who apply by 30 June 2017, are approved and spend $3,000 on eligible purchases within 3 months of receiving their card.

Benefits of the HSBC Platinum Qantas Credit Card

    • 60,000 Qantas Points sign up bonus. Apply for the HSBC Platinum Qantas Credit Card before 30 June 2017 to get 60,000 bonus Qantas Points. To receive the bonus points, you need to spend a minimum of $3,000 on eligible purchases within three months of opening the account. 
    • Complimentary Qantas Frequent Flyer Membership. This product is linked directly to the Qantas frequent flyer program. Any eligible spend on the card earns Qantas Points for your membership account. If you’re not a Qantas Frequent Flyer member yet, HSBC Platinum Qantas Credit Card customers can complete an online Frequent Flyer application form via the Qantas website to receive your complimentary Frequent Flyer membership (valued at $89.50).
    • Qantas Points earn rate. Earn 1 Qantas Point per $1 spent on eligible purchases in Australia and overseas. This includes purchases made on an overseas website if you’re shopping online with this card. Purchases made in a foreign currency will attract a currency conversion fee of 3%. There is a points earning cap of $2,500 per statement period and 0.5 points will be earned per $1 spent thereafter.
  • Complimentary international travel insurance. There are a number of covered events and exclusions. This account offers unlimited cover for hospital and medical expenses if you’re sick or injured, and up to $20,000 cover for personal belongings. Check the policy document for further information about this cover. Transit accident insurance is also an included benefit with this account. It provides financial compensation if you or your family suffer injury or death while travelling overseas as a passenger in a vehicle.

Activating the travel insurance

The complimentary international travel insurance is automatically activated when you meet the policy eligibility requirements. You need to purchase your return overseas travel ticket on your HSBC Platinum Qantas Credit Card to activate the international travel insurance.

Features of the HSBC Platinum Qantas Credit Card

  • Annual fee. This card charges $199 annual fee.
  • Earn Qantas Points. Earn 1 Qantas Point per $1 spent on eligible purchases in Australia and overseas.
  • Extended warranty insurance. Purchase a ‘covered product’ with the HSBC Platinum Qantas Credit Card and the Australian manufacturer's warranty is automatically doubled (up to 12 months).
  • Purchase protection insurance. Purchase a ‘covered product’ and this policy covers the item against loss, damage and theft.
  • Guaranteed pricing. This benefit will refund the difference in price if you purchase an item with the card and you see it in a different store for less.
  • Interest-free days. Up to 55 interest-free days on purchases if you pay your account in full each month.
  • Additional cardholder. Earn Qantas Points faster and manage any family or business costs under one account by adding an additional cardholder to your account for $0.
  • Fraud protection. You’re not liable to pay for any fraudulent transactions detected on the account.
  • Access to Visa payWave. You have access to Visa payWave which allows you to simply tap your card against a contactless reader and pay for your purchases under $100.
  • Visa Card scheme benefits. Visa cardholders get access to Visa Privileges like discounts at international hotels.

How to apply for the HSBC Platinum Qantas Credit Card

Complete the online application in about ten minutes. Once you submit the application, HSBC will be in contact within a matter of minutes to confirm the status of your application.

Eligibility criteria

Before you apply, make sure you meet the following eligibility criteria:

  • Minimum income requirement of $40,000 p.a.
  • Be over 18 years of age
  • Have a good credit rating
  • Be an Australian resident

Required documents

To ensure that your application for the card runs smoothly, have the following information ready:

  • Personal details, like drivers licence number
  • Information about your income and details about your employment situation
  • Details about your assets and liabilities

Frequently asked questions

What transactions are considered eligible purchases?

To get your bonus Qantas points, you need to make an eligible purchase on the card in the first three months. An eligible purchase is an everyday purchase and excludes transactions like interest-free promotions, balance transfers, cash advance charges, BPAY and government charges and business expenses.

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561 Responses to HSBC Platinum Qantas Credit Card

  1. Default Gravatar
    Brad | April 24, 2017

    Regarding the 3 months conditions for the the points, It says “excluding government fees & charges? What is considering government fees and charges?

    • Staff
      Harold | April 24, 2017

      Hi Brad,

      Thank you for your inquiry.

      That means if you use your HSBC Platinum Qantas Credit Card in any government transactions you will not be able to earn points. Because government transactions is not considered as “eligible purchases”.

      I hope this information has helped.

      Cheers,
      Harold

  2. Default Gravatar
    Joan | April 20, 2017

    To qualify for the 60,000 QFF pts, do you have to spend $1000 each month on the CC for the first 3 months or just $3000 by the end of the first 3 month period?

    • Staff
      Anndy | April 20, 2017

      Hi Joan,

      Thanks for your question.

      To qualify for the 60,000 bonus points, you’ll need to spend a minimum of $3,000 on eligible purchases within three months of opening the account, not necessarily $1,000 each month.

      Cheers,
      Anndy

  3. Default Gravatar
    Paul | April 4, 2017

    does the HSBC Platinum Qantas Credit Card fee of $199 a year include the Qantas rewards program services fee?

    • Staff
      May | April 4, 2017

      Hi Paul,

      Thank you for your inquiry.

      I’m afraid no. The $199 p.a. is only for the annual fee for HSBC Platinum Qantas Credit Card and does not include the service/membership fee that you need pay for the Qantas frequent flyer program.

      Cheers,
      May

  4. Default Gravatar
    Colin | April 3, 2017

    Is there an upper age limit on the travel insurance?

    • Staff
      May | April 4, 2017

      Hi Colin,

      Thank you for your inquiry.

      If you are referring to the complimentary travel insurance attached to the HSBC Platinum card, there was no age limit mentioned in the PDS although they do not cover any event that is caused by or arises as a result of a pre-existing medical condition. You can contact AGA Assistance Australia directly for more details about the policy. Alternatively, you can get additional information from the guide on this page.

      Cheers,
      May

  5. Default Gravatar
    Dave | April 3, 2017

    We are pensioners and have super of 21500 each year plus a government pension of 13572 each. Would that enable us to get a HSBC platinum qantas Card

    • Staff
      Anndy | April 4, 2017

      Hi Dave,

      Thanks for your question.

      Yes, HSBC accepts applicants who are pensioners. You may be required to present a bank statement to prove your pension claims.

      You may also check this page to compare other credit card providers that accept pensioners.

      Cheers,
      Anndy

  6. Default Gravatar
    Annie | March 30, 2017

    Does this card offers Qantas Club access?

    • Staff
      Jason | March 31, 2017

      Hi Annie,

      Thank you for your enquiry.

      The HSBC Platinum Qantas Credit Card no longer offers complimentary Qantas Club invitations. Please check out this link for a comparison of credit cards that offers free airport lounge access.

      Kind regards,
      Jason

  7. Default Gravatar
    kb | March 27, 2017

    What do you have to spend $ and how long do you have to spend this sum before the points go to your card?
    Do you get a domestic flight for free per year as well, like the Qantas Amex card?

    • Staff
      Harold | March 28, 2017

      Hi Kb,

      Thank you for your inquiry.

      1. What do you have to spend $ and how long do you have to spend this sum before the points go to your card?
      Answer – If you are aiming to get the “60,000 bonus Qantas Points”. The eligible purchases exclude interest free and other promotions, balance transfers, business expenses, cash advances, fees and charges, disputed transactions, BPAY and any government fee or charge. You must be a member of the Qantas Frequent Flyer program and provide your valid membership number to HSBC in order to earn and redeem points. If you are not a member yet, you can visit this page to view further guide on how to be a member of Qantas Frequent Flyer program.

      2. Do you get a domestic flight for free per year as well, like the Qantas Amex card?
      Answer – Typically, selected Qantas products and services are the following items purchased directly from Qantas: Qantas passenger flights (with a QF flight number) Qantas Frequent Flyer and Qantas Club membership joining and annual fees. Excludes Jetstar, Qantas Holidays, Qantas branded non airfare products and any Qantas products and services not purchased directly from Qantas.

      I hope this information has helped.

      Cheers,
      Harold

  8. Default Gravatar
    mark | March 27, 2017

    when is the $199 annual charge applied to be paid?

    • Staff
      May | March 27, 2017

      Hi Mark,

      Thank you for your inquiry.

      The annual fee is usually charged during the first statement period following your account activation. This will then be charged on or around the anniversary of the date the first annual fee was charged every year thereafter.

      Cheers,
      May

  9. Default Gravatar
    | February 18, 2017

    Hi,

    I have held a HSBC Qantas points card previously – I am eligible if approved – for the points offer again?

    I no longer have the card and closed it off over 3months ago at least.
    Thanks

    • Staff
      Anndy | February 20, 2017

      Hi Stephen,

      Thanks for your question.

      The bonus 60,000 Qantas Points offer is available only to new HSBC Platinum Qantas Credit Card holders who meet the eligibility criteria as listed in the terms and conditions of this account. If you are already an existing HSBC customer or have held an HSBC Platinum Qantas Credit Card within the last 18 months or HSBC Premier World MasterCard, you are ineligible for this offer.

      Cheers,
      Anndy

  10. Default Gravatar
    TEGAN | February 16, 2017

    Hi, I already have a frequent flyer membership and intend to apply for the card.
    If I add my husband as an additional card holder can he get the free frequent flyer membership ?

    • Staff
      May | February 16, 2017

      Hi Tegan,

      Thank you for your question and for contacting finder.com.au – we are a financial comparison website and general information service designed to help consumers make better decisions. Please note that we are not affiliated with any company we feature on our site.

      Unfortunately, the complimentary membership to the Qantas Frequent Flyer program offer with the HSBC Platinum Qantas Credit Card is not available to additional card holders.

      Cheers,
      May

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