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Collect a bonus 60,000 Qantas Points when you apply for the HSBC Platinum Qantas Credit Card before 31 August 2017 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 for the rest of the statement period. It also offers platinum benefits including complimentary travel insurance, extended warranty cover and purchase protection insurance.
| Product Name | HSBC Platinum Qantas Credit Card |
|---|---|
| Rewards Program | Qantas Frequent Flyer |
| Purchase rate (p.a.) | 19.99% p.a. |
| Offer end date | 31 August 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 Repayment | 3% or $20 whichever is higher |
| Minimum Income | $40,000 |
| Card Type | Visa |
| 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 Insurance | Yes |
| Available To Temporary Residents | Yes - Conditions apply |
| Joint Application | No |
| Minimum Income | $40,000 |
|---|---|
| Minimum Age | 18 years of age |
| Available to Temporary Residents | Yes - 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 Repayment | 3% or $20 whichever is higher |
| Late Payment Fee | $30 |
| Over Limit Fee | $30 |
| Cash Advance Fee | The higher of $4 or 3.0% of the total transaction amount |
| Overseas Cash Advance Fee | The 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 Allowed | Yes |
| Gambling Transactions Interest Rate | Cash Advance Rate |
| Additional Cardholder Fee | $0 p.a. |
| BPAY | Yes |
| Cheque | Yes |
| Direct Debit | Yes |
| Australia Post | Yes |
| Phone Banking | Yes |
| Internet Banking Transfers | Yes |
| In Branch | Yes |
| Yes |
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 Program | Qantas Frequent Flyer |
|---|---|
| Bonus Points on Sign-up | 60,000 |
| Rewards Points per $ (VISA/MC) | 1 |
| Rewards Points per $ (AMEX) | 0 |
| Rewards Points per $ (VISA/MC) Cap | 2,500 |
| Rewards Points per $ (AMEX) Cap | N/A |
| Points Expiry | Never |
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 31 August 2017 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. There is a points earning cap of $2,500 per statement period, with any remaining spending for that statement period earning 0.5 points per $1 spent.
- 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. There are a number of covered events and exclusions. Check the policy document for further information about this cover.
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. - 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
What transactions are considered eligible purchases?
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.
Reading the criteria, can a self employed be eligible to apply?
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
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
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
My question was more about there frequency of the statements, is it monthly, quarterly etc.?
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
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?
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
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?
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
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.
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
What are the fees to use the card for direct debits & bpays?
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
Do I have to use my frequent flyer points within a specific time frame?
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
Is the $40,000 p.a. minimum income limit for the Qantas Credit Card, Gross Income or Taxable Income?
Hi Terry,
Thank you for your inquiry.
Basically, that is a gross income.
I hope this information has helped.
Cheers,
Harold
Can an pensioner obtain this credit card?
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
Regarding the 3 months conditions for the points, It says “excluding government fees & charges? What is considering government fees and charges?
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
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?
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
Thank you for your reply. Just wondering if any online shopping transactions and paying insurance premium could be considered eligible transactions?
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