HSBC Platinum Qantas Credit Card

Collect 20,000 bonus Qantas Points and up to 1 point per $1 spent when you apply for 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. Plus, you’ll receive 20,000 bonus Qantas Points when you spend $3,000 on eligible purchases within the first 90 days.

This card gives you access to HSBC Instant Savings with a complimentary membership to Frequent Values, with over 4,500 offers to take advantage of when you use your card. It also offers platinum benefits including complimentary travel insurance, extended warranty cover, a balance transfer offer and purchase protection insurance.

Amy Bradney-George

Last Updated Sep 30, 2020

0% p.a.

Balance transfer rate

for 12 months

20,000

Bonus points

19.99% p.a.

Purchase rate

Reward point

Per $ spent

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Details

Product Name	HSBC Platinum Qantas Credit Card
Rewards program	Qantas Frequent Flyer
Balance transfer rate	0% p.a. for 12 months
Balance transfer revert rate	Cash Advance Rate (21.99% p.a.)
Balance transfer limit	90% of available limit
Purchase rate	19.99% p.a.
Annual fee	$99
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

Pros

20,000 bonus Qantas Points
Complimentary purchase and travel insurance covers
Earns up to 1 Qantas Point per $1 spent
0% p.a. on balance transfers for the first 12 months, with no BT fee

Cons

$3,000 spend requirement for 20,000 bonus points is high
Spend threshold of $1,000 per statement period before the lower earn rate kicks in is low
Does not offer lounge passes

Rewards program	Qantas Frequent Flyer
Bonus points	20,000
Rewards points per $ spent	1
Rewards points cap	7,500

Annual fee	$99
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
Additional cardholder fee	$0

Review by

Amy Bradney-George

amy.bradney-george@finder.com

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

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.

In terms of costs, the HSBC Platinum Qantas charges a competitive annual fee of $99 and a variable purchase rate of 19.99% p.a. It also offers up to 55 days interest-free if you pay your balance in full by the due date on each statement (excluding any balance transfer or instalment amounts).

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.

Residency. You can apply for an HSBC credit card if you are an Australian citizen, permanent resident or temporary resident, provided you hold a current and valid visa.
Age. You must be at least 18 years old to apply for a credit card in Australia.
Credit history. You'll need to have at least a "good" credit score. You can check your credit score and get your comprehensive credit report for free through Finder.

Required documents

Personal information. This includes your full name, date of birth, residential address, email address, contact number and identification such as your driver's licence number.
Employment details. You'll need to provide details of your current role and salary, as well as your employer's contact details. You may also need to provide several recent pay slips to verify your income.
Financial information. This includes details of any assets such as property, shares or savings, as well as existing debts. You'll also need to estimate your regular household spending on essentials such as food shopping and gas, electricity, phone and Internet bills.
Balance transfer details. If you are transferring a balance you will need to provide details of those accounts, including the BSB and account numbers, as well as the amount(s) you want to transfer.

Card benefits

Bonus Qantas Points. Apply for the HSBC Platinum Qantas Credit Card and spend at least $3,000 on eligible purchases within 90 days of card approval to enjoy a bonus 20,000 Qantas Points. There's no specified expiry date for this offer, but HSBC may change or end it at any time.
Earn Qantas Points. Earn 1 Qantas Point per $1 spent on eligible purchases in Australia and overseas, up to $1,000 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.

Complimentary Qantas Frequent Flyer Membership. You need to be a Qantas Frequent Flyer member to earn Qantas Points with this card. So, if you're not a member yet, HSBC offers Platinum Qantas Credit Card customers the opportunity to sign up via the Qantas website and enjoy complimentary Frequent Flyer membership (valued at $99.50).
Balance transfer offer. The HSBC Qantas Platinum offers a 0% p.a. interest rate on balance transfers for the first 12 months with no balance transfer fee. After the introductory period ends, any remaining balance will accrue interest at the cash advance rate, currently 21.99% p.a.
Complimentary international travel insurance. When you're eligible, this card offers unlimited cover for hospital and medical expenses if you're sick or injured, and up to $20,000 cover for personal belongings. 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. The complimentary international travel insurance is automatically activated when you meet the policy eligibility requirements and purchase your return overseas travel ticket on your card.
Purchase insurance covers. Eligible purchases made with this card are covered by extended warranty insurance, purchase protection insurance and a guaranteed pricing scheme.
Instant Savings. Get a free membership to the Frequent Values program and access over 4,500 offers at participating partners across Australia and New Zealand every time you use the HSBC Platinum Qantas credit card.
Visa benefits. This Visa Platinum card gives you access to exclusive travel, shopping and lifestyle offers available on the Visa Premium website.
Mobile wallets. You can make convenient, contactless payments with your eligible smartphone or device by linking your card to Apple Pay or Google Pay.

Rates & fees

Annual fee. This card charges a $99 annual fee.
Interest rates. The HSBC Platinum Qantas charges a variable 19.99% p.a. interest rate on purchases and 21.99% p.a. on cash advances.

Interest-free days. Enjoy up to 55 days interest-free on purchases when you pay your account in full (excluding any balance transfer, cash transfer and promotional purchases) each statement period.
Additional cardholder. Earn Qantas Points faster and manage costs under one account by adding an additional cardholder to your account for $0.

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604 Comments

peter
August 20, 2019

Do you earn points when paying ATO?

finder Customer Care

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

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.

Nikki
August 9, 2019

Hi Michelle,

Thanks for your question.

This card requires a minimum annual income of $40,000. You can read through the eligibility requirements above and if you think you can meet them, feel free to apply. Otherwise, you can view other credit card options for retirees.

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

AngelT
March 26, 2019

Does this card have no international transaction fees? Thanks!

finder Customer Care

Jeni
March 28, 2019

Hi AngelT,

Thank you for getting in touch with Finder.

It has a foreign conversion fee of 3% of the 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, you can use our comparison table to help you find the card that suits you. When you are ready, press the ‘Go to site’ button to apply.

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

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

finder Customer Care

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

Ian
January 12, 2019

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

finder Customer Care

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

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