HSBC Platinum Qantas Credit Card

HSBC Platinum Qantas Credit Card Find out more Go to site

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  • 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
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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 ResidentsYes - Conditions apply
Joint ApplicationNo
Minimum Income$40,000
Minimum Age18 years of age
Available to Temporary ResidentsYes - Conditions apply
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.
    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.
  • Eligibility to Apple Pay. You can now use your iPhone, Apple Watch and iPad in making secure payments in store, in apps and on the web. Learn more how it works.
  • 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 gross 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

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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577 Responses to HSBC Platinum Qantas Credit Card

  1. Default Gravatar
    Robin | May 21, 2017

    I have recently taken a Visa card with another bank which has Qantas points as part of the introductory offer. The bank is near impossible to contact apart from talking to a machine and going around in circles, so I’m not happy with them. Would I get both lots of Qantas points if I take the HSBC Visa offer?

    • Staff
      Anndy | May 22, 2017

      Hi Robin,

      Thanks for your question.

      If the other card is from a different bank and not from HSBC, you may still be eligible to receive the bonus Qantas points with HSBC Platinum Qantas Credit Card, subject to eligibility criteria.

      However, kindly note that multiple credit card application within a short period of time may negatively affect your credit rating and in turn, you chance of future credit approval.

      Cheers,
      Anndy

  2. Default Gravatar
    Brian | May 16, 2017

    I am a self funded retiree and have an excellent credit rating. Can I apply for the Platinum Qantas credit card.
    I pay my Suncorp Visa card fully each month.

    • Staff
      May | May 16, 2017

      Hi Brian,

      Thank you for your inquiry.

      HSBC is actually among the banks that accept pensioner and retired applicants. You would just need to provide your most recent superannuation statement to them.

      Please note though that depending on the card, HSBC has different criteria and requirements set for their credit cards. With regards, to the HSBC Platinum Qantas Credit Card, you would need to have at least $40,000 p.a. as your gross income. So it’s best to discuss your eligibility directly with HSBC first before submitting your application.

      Cheers,
      May

  3. Default Gravatar
    Tee | May 2, 2017

    What are the fees to use the card for direct debits & bpays?

    • Staff
      Harold | May 3, 2017

      Hi Tee,

      Thank you for your inquiry.

      Unfortunately, we don’t have the direct access to check these information. It would be nice to coordinate directly with the provider to clarify the details.

      I hope this information has helped.

      Cheers,
      Harold

  4. Default Gravatar
    Lloyd | April 30, 2017

    Do I have to use my frequent flyer points within a specific time frame?

    • Staff
      Anndy | April 30, 2017

      Hi Lloyd,

      Thanks for your question.

      Kindly note that your Qantas Points will not expire as long as you earn or use Qantas Points ( which exclude family transfers or points conversion from Aquire) through your Frequent Flyer account at least once every 18 months. This includes using or earning Qantas Points with the program partners.

      There is no specific time when you should use your Qantas points, but be sure to take advantage of it before your points expire.

      Cheers,
      Anndy

  5. Default Gravatar
    Terry | April 27, 2017

    Is the $40,000 p.a. minimum income limit for the Qantas Credit Card, Gross Income or Taxable Income?

    • Staff
      Harold | April 28, 2017

      Hi Terry,

      Thank you for your inquiry.

      Basically, that is a gross income.

      I hope this information has helped.

      Cheers,
      Harold

  6. Default Gravatar
    Richard | April 27, 2017

    Can an pensioner obtain this credit card?

    • Staff
      May | April 27, 2017

      Hi Richard,

      Thank you for your inquiry.

      Yes you can, so long you are able to provide HSBC with the complete requirements including your bank statement to prove your pension claims as well as you meet all the other eligibility criteria. Generally, HSBC accepts pensioner applicants for some of their credit card products. If you wish to apply for the HSBC Platinum Qantas Credit Card, you can click on the green “Go to site” button above.

      In the meantime, you may check this page for a guide on which credit card issuers accept pensioner applicants.

      Cheers,
      May

  7. 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

    • Default Gravatar
      Kevin | May 18, 2017

      Regarding the minimum of $3,000 on eligible purchases within three months of opening the account. Is car registration fee or council rates eligible purchase?

    • Staff
      Liezl | May 19, 2017

      Hi Kevlee,

      Thanks for your question.

      Both the car registration fee and council rates are not considered as eligible purchases. 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. For your guide on eligible purchases, you can check this page.

      I hope this has helped.

      Cheers,
      Liezl

    • Default Gravatar
      | May 19, 2017

      Thank you for your reply. Just wondering if any online shopping transactions and paying insurance premium could be considered eligible transactions?

    • Staff
      Jason | May 19, 2017

      Hi Kevlee,

      Thank you for your enquiry.

      Payment on insurance premium would be considered eligible transaction to earn Qantas points while online shopping transactions could be considered eligible transactions as long as they are not used for interest free transactions and HSBC’s Credit Card special promotions, business expenses, for gambling purposes or to purchase a cash substitute such as purchase of foreign currency.

      I hope this helps.

      Kind regards,
      Jason

  8. 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

  9. 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

  10. 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

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