HSBC Platinum Qantas Credit Card – Rate and Fees

Information verified correct on December 9th, 2016
HSBC Platinum Qantas Credit Card Find out more Go to site

Don't worry, by clicking "Go to site" this won't leave a mark on your credit file. An enquiry will only appear on your file once you have submitted a credit card application.

What happens when I click Go to site?
  • Clicking Go to site will take you to your Online Application on the bank's website. You do not need to be an existing customer of this bank to apply.
  • Your application will typically take you no more than 10-15 minutes to complete
  • Once approved, you will typically receive your credit card within 1-2 weeks
Click here to start your application >>

Earn 60,000 bonus Qantas Points when you apply for the HSBC Platinum Qantas Credit Card before 31 December 2016 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 in Australia and up to $2,500 spent per statement period plus the opportunity to earn points on purchases 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 date31 December 2016
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
Complimentary Travel Insurance Cover4 months
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
Overseas Emergency Replacement$0
Overseas ATM Withdrawal Fee$4.50
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 piece 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 holders who apply by 31 December 2016, are approved and spend $3,000 on eligible purchases within 3 months of receiving their card.

Benefits of the HSBC Platinum Qantas Credit Card

    • 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 $82.50).
    • 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  points will be earned per $1 spent thereafter.
    • 60,000 Qantas Points sign up bonus. Apply for the HSBC Platinum Qantas Credit Card before 31 December 2016 to get 60,000 bonus Qantas Points. To get the bonus points, you need to spend a minimum of $3,000 on eligible purchases within three months of opening the account. 
  • 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.
  • 60,000 Qantas Points. Receive a sign up bonus if you apply before 31 December 2016, are approved and spend $3,000 on eligible purchases within 3 months of receiving your card.
  • 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. 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 and Qantas lounge access, 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.

Back to top
Was this content helpful to you? No  Yes

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

528 Responses to HSBC Platinum Qantas Credit Card – Rate and Fees

  1. Default Gravatar
    Gabrielle | November 24, 2016

    How many extra cards can be issued with the main card ?

    • Staff
      Harold | November 24, 2016

      Hello Gabrielle,

      HSBC may allow, up to a maximum number that they determine, any person nominated by you who is at least 16 years of age (or as otherwise agreed from time to time) to operate your account and they may issue a card, PIN and identification reference to such a person for that purpose. However, they may only allow an additional cardholder to operate your account if they have received in a form, and in the manner, satisfactory to them any document or information, including any document which identifies the additional cardholder, as we reasonably require.

      I hope this information has helped.

      Cheers,
      Harold

  2. Default Gravatar
    SANFORD | November 18, 2016

    If we apply for a credit card and are accepted how do we make payments and if issued with 2 cards are we both covered with travel insurance?

    • Staff
      May | November 18, 2016

      Hi Raymond,

      Thanks for your question.

      If you are approved for the HSBC Platinum Qantas Credit Card, you can pay your HSBC credit card bill using BPAY® day or night through the security of HSBC’s Internet Banking

      As for the travel insurance, yes, this card comes with complimentary travel insurance. However, you have to take note that there are eligibility criteria that you need to meet in order to receive the complimentary travel insurance, which you can find here.

      Hope this has helped.

      Cheers,
      May

  3. Default Gravatar
    GJAY | November 6, 2016

    Is buying airline tickets considered “eligible purchases”?

    Thanks.

    • Staff
      Jason | November 6, 2016

      Hi Gjay,

      Thank you for your inquiry.

      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. Upon checking the fine print on the terms of this card, booking an airline ticket using this card may be considered an eligible purchase.
      It would be best to get in touch with HSBC for further verification.

      Cheers,
      Jason

  4. Default Gravatar
    Frank | November 3, 2016

    Does this card’s travel insurance cover over travelers aged over 80?

    • Staff
      Jason | November 3, 2016

      Hi Frank,

      Thank you for your inquiry.

      There is no age limit indicated in the terms and conditions of HSBC Platinum Qantas credit card complimentary travel insurance, although limits may apply for pre-existing medical conditions.
      Please click this link for a comprehensive guide to HSBC Complimentary Credit Card Insurance.

      Cheers,
      Jason

  5. Default Gravatar
    Errp; | October 20, 2016

    Hi,

    To be eligible for the 60,000 bonus points offer, $3,000 has to spent on eligible purchases within 3 months, right?

    I just want to clarify if the items listed below count as eligible purchases:
    - School fees
    - Electricity bills, water bills, council fees
    - Purchase of gift cards
    - Purchase of foreign currency (cash)
    - Rent

    Thanks.

    Cheers.

    • Staff
      Jason | October 20, 2016

      Hi Errp.

      Thank you for your inquiry.

      Some of the mentioned items in your list might be considered eligible purchases. Eligible purchases excludes interest free promotions, balance transfers, business expenses, cash advances, fees or charges and any disputed transactions.
      It would be best to get in touch with HSBC at 1300 308 008 for further verification.

      Cheers,
      Jason

  6. Default Gravatar
    Luca | October 12, 2016

    Hello,

    I’m about to pay for a holiday ($7200) using this card (first purchase), would that count as a valid purchase?
    Also, would I be able to transfer the 60,000 bonus points from the Card to my Qantas Frequent Flyer account?
    Is there a free account that comes with the card?
    How hard would it be to cancel the card after redeeming my free points?

    Regards

    • Staff
      Harold | October 13, 2016

      Hi Luca,

      Thanks for your comment.

      1. I’m about to pay for a holiday ($7200) using this card (first purchase), would that count as a valid purchase?
      The general requirements for eligible purchases are usually from everyday transactions and excludes transactions like interest free promotions, balance transfers, business expenses, cash advances, fees or charges, any disputed transactions, and any government fee or charge. You can earn 1 Qantas Point per $1 spent on eligible purchases.

      2. Also, would I be able to transfer the 60,000 bonus points from the Card to my Qantas Frequent Flyer account?
      Since HSBC Platinum Qantas Credit Card let’s you earn Qantas points on eligible purchases and 60, 000 bonus points, yes, these points will go straight to your Qantas FF account, so no need to transfer them manually.

      3. Is there a free account that comes with the card?
      Can you please clarify what you meant by free account?

      4.How hard would it be to cancel the card after redeeming my free points?
      You can actually cancel your card at anytime after you have received your bonus points. Just call HSBC’s customer service for assistance.

      Cheers,
      Harold

  7. Default Gravatar
    Theo | October 11, 2016

    Hi
    Can I please have a link to a copy of the Complimentary international travel insurance.
    Thanks

    • Staff
      May | October 11, 2016

      Hi Theo,

      Thank you for your inquiry.

      The complimentary travel insurance attached to your HSBC credit card is outlined on this page.

      Hope this helps.

      Cheers,
      May

  8. Default Gravatar
    craig | October 6, 2016

    hi,

    when is the annual fee charged?

    • Staff
      Anndy | October 6, 2016

      Hi Craig,

      Thanks for your question.

      The annual fee is generally charged upon account activation and is payable by the first statement date or first credit card bill.

      Cheers,
      Anndy

  9. Default Gravatar
    Bruce | October 3, 2016

    In your Features of the HSBC Platinum Qantas Credit Card above you talk about ‘covered products’.
    What are covered products please?

    • Staff
      Anndy | October 6, 2016

      Hi Bruce,

      Thanks for your question.

      For the purpose of receiving HSBC Extended warranty insurance and Purchase Protection Insurance covers, ‘covered products’ are defined as personal goods when their purchase is charged to the accountholder’s card account.

      I’ve sent you an email with a link to HSBC Platinum Qantas Credit Card complimentary insurance PDF for more information.

      Cheers,
      Anndy

  10. Default Gravatar
    roland | September 28, 2016

    For Qantas bonus 60000 points upon joining and sending the 3k in say one month – when do the points get transferred to my Qantas pts account? regards

    • Staff
      May | September 28, 2016

      Hi Roland,

      Thanks for your question.

      The 60,000 bonus Qantas Points will be credited within 2 months of eligible spend criteria being met.

      Cheers,
      May

Credit Cards Comparison

Rates last updated December 9th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
19.99% p.a. $199 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

Ask a question
feedback