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HSBC Platinum Qantas Credit Card

Amy Bradney-George
Amy Bradney-George
Last updated:  

Save with a $0 first year annual fee and earn Qantas Points for your spending with the HSBC Platinum Qantas Credit Card.

The HSBC Platinum Qantas Credit Card offers a complimentary Qantas Frequent Flyer membership and earns up to 1 Qantas Point per $1 spent on eligible purchases made in Australia and overseas.

0% p.a.

Balance transfer rate

for 12 months

19.99% p.a.

Purchase rate

1

Reward point

Per $ spent (Visa/Mastercard)

$0 p.a.

Annual fee

for the first year ($79 p.a. thereafter)

Details

Product NameHSBC Platinum Qantas Credit Card
Rewards ProgramQantas Frequent Flyer
Balance Transfer Rate0% p.a. for 12 months
Balance Transfer Revert RateCash Advance Rate (21.99% p.a.)
Balance Transfer Limit90% of available balance
Purchase Rate19.99% p.a.
Annual Fee$79
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

Pros

  • $0 annual fee for the first year
  • Complimentary purchase and travel insurance covers
  • Earns up to 1 Qantas Point per $1 spent

Cons

  • Spend threshold of $2,500 per statement period before the lower earn rate kicks in is relatively low
  • Does not offer lounge passes
Rewards ProgramQantas Frequent Flyer
Rewards Points per $ spent (Visa/Mastercard)1
Rewards Points per $ Cap (Visa/Mastercard)7,500
Annual Fee$79
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
Go to HSBC's siteMore info

Expert review

Amy Bradney-George

Review by

Amy is an editor and writer at finder.com.au with more than 10 years experience covering credit cards, personal finance and various lifestyle topics. When she’s not sharing her knowledge on money matters, Amy spends her time as an actress.

Expert review

This frequent flyer credit card from HSBC offers two of the most popular perks available: Qantas Points and travel insurance. It also gives you access to exclusive travel, shopping and lifestyle offers available to Visa Platinum cardholders.

How to apply

You can apply for the HSBC Platinum Qantas Credit Card online in about 10 minutes and could get a response from HSBC within 60 seconds of submitting your application. Before you get started, make sure you meet the eligibility requirements and have all the required documents details on hand.

Eligibility criteria

  • Minimum income. You must earn at least $40,000 per year to apply.
  • Eligible balance transfer debt. If you are planning to transfer a balance, you can transfer up to 90% of your available credit limit from Australian-issued, non-HSBC credit cards.
Go to HSBC's siteMore info

Card benefits

  • $0 first year annual fee. Apply by 31 December 2019 and benefit from an annual fee waiver in the first year (reverts to $79 thereafter).
  • Earn Qantas Points. Earn 1 Qantas Point per $1 spent on eligible purchases in Australia and overseas, up to 2,500 per statement period, with any remaining spending for that statement period earning 0.5 points per $1 spent. This is capped at 7,500 points per statement period.

Rates & fees

  • Annual fee. Outside of any promotions, this card charges a $79 annual fee.
  • Interest rate. The HSBC Platinum Qantas charges a variable 19.99% p.a. interest rate on purchases and offers up to 55 days interest-free on purchases.
Go to HSBC's siteMore info

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604 Comments

  1. Default Gravatar
    peter
    August 20, 2019

    Do you earn points when paying ATO?

    Reply
    • AvatarStaff
      Charisse
      August 21, 2019

      Hi Peter,

      Thanks for reaching out to Finder.

      As per HSBC Qantas Rewards T&C, government fees or charges such as registrations, rates, licences, infringements or Australian Taxation Office
      payments are ineligible transactions so you will not earn points from them.

      I hope this helps.

      Cheers,
      Charisse

      Reply
  2. Default Gravatar
    Michele
    August 8, 2019

    Hi
    I have just retired, 12th July and I was wondering if I can apply for your HSBC Platinum Qantas Credit Card so I can pay my bills and get the Qantas points. I currently have a St. George Vertigo Platinum I want to replace.

    Reply
    • AvatarStaff
      Nikki
      August 9, 2019

      Hi Michelle,

      Thanks for your question and congrats on your retirement! This card requires a minimum annual income of $40,000. Read through the eligibility requirements of this card and if you think you can meet it, feel free to apply. Otherwise, you can view other credit card options for retirees here. As a friendly reminder, check the other relevant eligibility requirements of the card before proceeding with your application. Also, read about its features and benefits and see how it fits your financial needs. Additionally, it’s helpful to review the PDS and Terms & Conditions of the card before fully committing to the card. You may also reach out to the bank if you have any clarifications.

      Hope this helps!

      Best,
      Nikki

      Hope this helps

      Reply
  3. Default Gravatar
    AngelT
    March 26, 2019

    Does this card have no international transaction fees? Thanks!

    Reply
    • AvatarStaff
      Jeni
      March 28, 2019

      Hi AngelT,

      Thank you for getting in touch with Finder.

      It has foreign conversion fee of 3% of transaction value for purchases while $4 or 3.0% of the total transaction amount, whichever is higher, if cash withdrawal. If you’re looking for no foreign transaction fees credit card, please check out this page.

      Please make sure though to read the eligibility criteria, features and details of the card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

      Reply
  4. Default Gravatar
    Stuart
    March 6, 2019

    What is exactly does eligible purchases mean? Not really sure if I want the card to then find out that a regular payment I need to make in Australia will not be eligible.

    Thanks

    Stuart

    Reply
    • AvatarStaff
      Joshua
      March 6, 2019

      Hi Stuart,

      Thanks for getting in touch with Finder. I hope all is well with you. 😃

      According to HSBC’s website, eligible purchases exclude “interest-free and other promotions, balance transfers, cash transfer, business expenses, cash advances, fees and charges, disputed transactions, BPAY® and any government fee or charge.”

      It would also be a good idea to check the eligibility criteria, features and details of this card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

      Reply
  5. Default Gravatar
    Ian
    January 12, 2019

    To gain travel insurance, it says you must have a return ticket. Does that mean you must return to Australia?

    Reply
    • AvatarStaff
      Jhez
      January 15, 2019

      Hi Ian,

      Thank you for your comment.

      Upon checking, you are covered for the international travel insurance when you paid at least 90% of the total cost of the return travel ticket (i.e. ticket from and returning to Australia) using the eligible card. Hence, yes, you must have a return ticket.

      You may directly get in touch with Allianz Global Assistance, as they are the policy owner, and verify the details.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

      Reply
  6. Default Gravatar
    Michael
    April 23, 2018

    What is the major difference between the HSBC platinum qantas credit card and the HSBC platinum credit card?

    Reply
    • Default Gravatar
      Arnold
      April 24, 2018

      Hi Micheal,

      Thanks for your inquiry

      The HSBC Platinum Qantas Credit Card earns 1 Qantas Point per $1 spent on eligible purchases made in Australia and overseas, up to $2,500 per statement period. After that, you’ll earn 0.5 points per $1 up to 7,500 points per statement period. It also offers platinum benefits including complimentary travel insurance, extended warranty cover and purchase protection insurance. Basically, the card is designed for Qantas Frequent Flyer Members in order to earn more Qantas points.

      On the other hand, The HSBC Platinum Credit Card allows you to enjoy access to prestige services including a personal concierge service and the Visa Premium Rewards program. You’ll also earn 1 reward point per $1 spent and can redeem your points for cashback rewards, travel and accommodation. The card can be used for everyday purchases or as a balance transfer card as the card offers 0% p.a. on balance transfers for 22 months with 2% balance transfer fee.

      Hope this information helps

      Cheers,
      Arnold

      Reply
  7. Default Gravatar
    Terry
    April 5, 2018

    Does Complimentary Travel Insurance cover additional Card holders?

    Reply
    • AvatarStaff
      Jhez
      April 5, 2018

      Hello Terry,

      Thank you for your comment.

      According to the Complimentary Insurance Terms and Conditions of HSBC Platinum Credit Card, this cover is available to cardholders who permanently reside in Australia. If the cardholder has paid for their overseas return travel ticket as outlined above, this cover extends to the cardholder’s spouse and their dependants provided they have also had at least 90% of the total cost of their overseas return travel tickets paid for in the above manner, and the spouse and/or dependants are travelling with the cardholder for the entire journey.

      You’re advised to check the complimentary travel insurance terms and conditions, limits and exclusions found on their website. I hope this helps.

      Regards,
      Jhezelyn

      Reply
  8. Default Gravatar
    brad
    December 1, 2017

    Are there any terms and conditions in regards to receiving the bonus $60,000 Qantas points, if you previously had a HSBC credit card?

    Reply
    • AvatarStaff
      Rench
      December 1, 2017

      Hi Brad,

      Thanks for your inquiry. Please note that we are not affiliated with HSBC or any company we feature on our site and so we can only offer you general advice.

      Existing HSBC customers transferring from another HSBC credit card or customers who have held a HSBC Platinum Qantas Credit Card within the last 18 months or HSBC Premier World Mastercard® or HSBC Staff are ineligible for this offer.

      Bonus 60,000 Qantas Points offer is available to new HSBC Platinum Qantas Credit Card holders who spend $3,000 on eligible purchases within 3 months of account opening. Your account must be current, in good order and not in arrears. Points will ordinarily be credited within 8 weeks of making the required spend on eligible purchases. Eligible purchases exclude interest free and other promotions, balance transfers, cash transfer, business expenses, cash advances, fees and charges, disputed transactions, BPAY® and any government fee or charge.

      You may see this info by clicking the ‘Go to Site’ button on this page. The info is under the terms and conditions of the card.

      Best regards,
      Rench

      Reply
  9. Default Gravatar
    Vince
    August 20, 2017

    Based on a spend of about $5000 per month I would earn approx. 4000 points. Can you tell me a dollar figure on 4000 points in either frequent flyers or gift/shop card money?

    Reply
    • AvatarStaff
      Rench
      August 20, 2017

      Hi Vince,

      Thanks for your inquiry. Please note that we are not affiliated with HSBC or any company we feature on our site and so we can only offer you general advice.

      The HSBC Platinum Qantas Credit Card earns 1 Qantas Point per $1 spent on eligible purchases made in Australia and overseas, up to $2,500 per statement period. After that, you’ll earn 0.5 points per $1 for the rest of the statement period.

      You can also check the rewards cap by clicking on ‘Rewards Program’ tab above this page to view more details.

      Best regards,
      Rench

      Reply
  10. Default Gravatar
    Lawrence
    August 9, 2017

    “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”. Is that 100% of the cost of the holiday, or can you pay a lesser amount to qualify. Also do you part cover the excess on hire car rental?

    Reply
    • Default Gravatar
      Jonathan
      August 9, 2017

      Hello Lawrence,

      Thank you for your inquiry.

      As per HSBC Platinum Qantas Credit Card Complimentary Insurance Terms and Conditions:

      The costs should be at least 90% of the total cost of the cardholder’s overseas return travel ticket and as for the car hire rental excess cover, the limit is A$3,000. These are located on page 33 and 31 respectively of the document.

      Hope this helps.

      Cheers,
      Jonathan

      Reply
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