The HSBC Platinum Qantas Credit Card offers complimentary Qantas Frequent Flyer membership, saving you $99.50 on the usual joining fee if you're not a member yet. It also gives you access to complimentary domestic and international travel insurance and purchase insurance options. If you want to switch to this card, you could also transfer your existing card balance and get a 0% p.a. balance transfer rate for the first 12 months. But there is a 2% balance transfer fee and a higher rate after that.
HSBC Platinum Qantas Credit Card

- Purchase rate
- 19.99% p.a.
- Reward points per $ spent
- 1.5
- Annual fee for the first year ($299 p.a. thereafter)
- $0 p.a.
- Interest-free on purchases
- Up to 55 days
Our verdict
Offers 1.5 Qantas Points per $1 on eligible spending in the first year, which drops to 1 point per $1 after that.
Pros
-
Up to 1.5 Qantas Point per $1 spent
-
$0 first-year annual fee ($299 p.a. thereafter)
-
Complimentary travel insurance and purchase insurance benefits
-
0% p.a. on balance transfers for the first 12 months
Cons
-
Charges a 2% balance transfer fee
-
Points cap of 120,000 per year
-
High 21.99% p.a. interest rate for balance transfers after the introductory period
Details
Product details
Product Name | HSBC Platinum Qantas Credit Card |
Balance transfer rate p.a. | 0% for 12 months with 2% balance transfer fee, then 21.99% |
Balance transfer limit | 90% of available limit |
Purchase rate p.a. | 19.99% |
Interest-free period | Up to 55 days on purchases |
Cash advance rate p.a. | 21.99% |
Min credit limit | $6,000 |
Max credit limit | $25,000 |
Card type | Visa |
Eligibility
Available to temporary residents | No |
Minimum income | $40,000 |
Joint application | No |
Rewards
Rewards program | Qantas Frequent Flyer |
Bonus points | N/A |
Rewards points per $ spent | 1.5 |
Rewards points cap | 120,000 |
Fees
Annual fee | $0 first year ($299 after) |
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 |
Your reviews

Amy Finder
Editor
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Amy Bradney-George Finder
October 29, 2023
Hi Judi,
You can compare frequent flyer credit cards on Finder that earn Qantas Points, Velocity Points or points you can transfer to other airline programs. Many of these credit cards also offer complimentary travel insurance, but keep in mind that it is more common on platinum or higher-level cards, which often have annual fees around $200-$450 or more.
In regards to your current card, you may also want to check your HSBC rewards points balance and consider how you want to redeem them before cancelling the account. Rewards include gift cards, cashback and point transfers to Velocity Frequent Flyer, which means you could still get some value out of the points you have already earned. I hope that helps.
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peter
August 20, 2019
Do you earn points when paying ATO?
Charisse Finder
August 20, 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
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Michele
August 08, 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 Angco
August 09, 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
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AngelT
March 26, 2019
Does this card have no international transaction fees? Thanks!
Jeni Finder
March 27, 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
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Stuart
March 05, 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
Joshua Finder
March 06, 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
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Judi
October 29, 2023
I have a HSBC Plat Visa card have only been earning rewards points with them which I now realise is not very beneficial to me.Can you suggest a card where I will earn QF points or other that includes travel insurance