HSBC Platinum Qantas Credit Card

Collect a bonus 60,000 Qantas Points when you apply for the HSBC Platinum Qantas Credit Card before 30 June 2018 and meet the minimum spend requirement.

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.

Product NameHSBC Platinum Qantas Credit Card
Rewards ProgramQantas Frequent Flyer
Balance transfer rate (p.a.)0% p.a. for 12 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Cash Advance Rate (21.99% p.a.)
Balance Transfer Limit100% of available credit limit
Purchase rate (p.a.)19.99% p.a.
Offer end date30 June 2018
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
Card TypeVisa
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
Minimum Income$40,000
Minimum Age18 years of age
Available To Temporary ResidentsYes - Conditions apply
Joint ApplicationNo
Annual fee$199 p.a.
Minimum Monthly Repayment3% or $20 whichever is higher
Late Payment Fee$30
Cash Advance FeeThe higher of $4 or 3.0% of the total transaction amount
Foreign Currency Conversion Fee
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
Additional Cardholder Fee$0

Pros

  • Receive 60,000 bonus points on eligible spend within 3 months of account approval.
  • Take advantage of 0% p.a. for 12 months on balance transfers.
  • 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.
  • Save money at participating merchants across Australia and New Zealand with the home&Away Privilege Program and HSBC Instant Savings.

Cons

  • The standard purchase rate of 19.99% p.a. is relatively high.
Rewards ProgramQantas Frequent Flyer
Bonus Points60,000 bonus points
Rewards Points per $ spent (VISA/MC)1
Rewards Points per $ (VISA/MC) Cap7,500

Review of the HSBC Platinum Qantas Credit Card

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 has an annual fee of $199 and an ongoing purchase rate of 19.99% p.a. (variable). It also offers up to 55 days interest-free if you pay your balance in full by the due date on each statement.

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 2018 and spend at least $3,000 on eligible purchases within 3 months of opening your account to enjoy a bonus 60,000 Qantas Points.
  • 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 $89.50).
  • Qantas Points earn rate. 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.
  • 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.
  • 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.
  • 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.
  • Visa benefits. This Visa Platinum card gives you access to exclusive travel, shopping and lifestyle offers available on the Visa Premium website.

Features of the HSBC Platinum Qantas Credit Card

  • Annual fee.This card has a $199 annual fee.
  • 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.
  • Apple Pay. Link this card with Apple Pay and you can use your iPhone, Apple Watch and iPad to make secure payments in store, in apps and on the web. Learn more about how it works.

How to apply for the HSBC Platinum Qantas Credit Card

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

  • How old are you? You must be at least 18 years of age to apply for the HSBC Platinum Qantas Credit card.
  • What is your residency status? You can apply for this card as an Australian citizen or permanent resident of Australia. If you're an Australian temporary resident, you may be required to meet additional requirements.
  • How much do you earn? You need a minimum gross income of $40,000 p.a. to apply for this card.

Required documents

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

  • 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.
  • Other financial details. 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.

Frequently asked questions

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594 Responses

  1. Default Gravatar
    MichaelApril 23, 2018

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

    • Staff
      ArnoldApril 24, 2018Staff

      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

  2. Default Gravatar
    TerryApril 5, 2018

    Does Complimentary Travel Insurance cover additional Card holders?

    • Staff
      JhezelynApril 5, 2018Staff

      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

  3. Default Gravatar
    bradDecember 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?

    • Staff
      RenchDecember 1, 2017Staff

      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

  4. Default Gravatar
    VinceAugust 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?

    • Staff
      RenchAugust 20, 2017Staff

      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

  5. Default Gravatar
    LawrenceAugust 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?

    • Default Gravatar
      JonathanAugust 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

  6. Default Gravatar
    FranciaJuly 10, 2017

    Reading the criteria, can a self employed be eligible to apply?

    • Staff
      JhezelynJuly 10, 2017Staff

      Hi Francia,

      Thanks for your comment.

      As for the eligibility criteria of HSBC Platinum Qantas Credit Card, you can actually prove your employment by submitting any of these documents:

      – Your most recent payslip (less than 3 months old); or
      – A current bank statement showing your income deposits; or
      – Your last Tax Assessment Notice (if you are self-employed)

      You may also want to check this page on how to apply for a credit card when you’re self-employed.

      Regards,
      Jhezelyn

  7. Default Gravatar
    ShawyJune 5, 2017

    One of the terms of this credit card is that you can only earn $2500 worth of points in each statement period.

    Can you please tell me what the statement period is for this credit card?

    Thanks

    • Staff
      DanielleJune 6, 2017Staff

      Hi Shawy,

      Thank you for reaching out to us here at finder.com.au. We are a comparison website and general information service, we’re more than happy to offer general advice.

      Statement period are the dates shown on each of the statements of account that are provided to you by HSBC. You may contact them directly by clicking the orange “Find out more” button, or the green “Go to Site” button for more details. You may also call their hotline 1300 308 008

      I hope this helps.

      Cheers,
      Danielle

    • Default Gravatar
      ShawyJune 6, 2017

      My question was more about there frequency of the statements, is it monthly, quarterly etc.?

    • Staff
      ArnoldJune 6, 2017Staff

      Hi Shawy,

      Thanks for your inquiry.

      A bank statement or account statement is a monthly summary of financial transactions which have occurred over a given period on a bank account held by a person or business with a financial institution.

      Hope this information helped.

      Cheers,
      Arnold

  8. Default Gravatar
    May 31, 2017

    Are there plans to cut the current earning rate (1 point per dollar), in the next 2-3 months, as many other banks have done?

    • Default Gravatar
      JonathanMay 31, 2017

      Hi Eric!

      Thanks for the comment.

      As of the moment, HSBC Qantas cards have not expressed to change their points system. Although, we are anticipating that some of these banks are still yet to announce by new financial year.

      You may refer to this page to guide you about the changes being implemented this year.

      Also, you can visit this as an additional guide how to maximize your points for the new rewards system.

      Hope this helps.

      Cheers,
      Jonathan

  9. Staff
    LouMay 22, 2017Staff

    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

  10. Default Gravatar
    BrianMay 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
      MayMay 16, 2017Staff

      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

Credit Cards Comparison

Rates last updated May 20th, 2018
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
Westpac Low Rate - Online Offer
13.49% p.a.
0% p.a. for 26 months with 2% balance transfer fee
$0 p.a. annual fee for the first year ($59 p.a. thereafter)
Take advantage of 0% p.a. for 26 months on balance transfers with a one-time 2% balance transfer fee and a $0 first year annual fee.
Virgin Money Low Rate Credit Card
11.99% p.a.
0% p.a. for 14 months
$49 p.a.
Offers a discounted annual fee, $100 cashback when you meet the spend requirement and up to 14 months on balance transfers.
HSBC Platinum Credit Card
19.99% p.a.
0% p.a. for 22 months with 2% balance transfer fee
$0 p.a. annual fee for the first year ($129 p.a. thereafter)
Offers a 0% p.a. for 22 months balance transfer, $0 annual fee for the first year and an annual fee refund each year when you spend $6,000.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 18 months
$64 p.a. annual fee for the first year ($129 p.a. thereafter)
Take advantage of 0% p.a. on balance transfers for up to 18 months. $64 in the first year ($129 p.a. thereafter), plus, bonus Velocity Points.

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* 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.

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