HSBC Platinum Qantas Credit Card

Collect 20,000 bonus Qantas Points and up to 1 point per $1 spent when you apply for the HSBC Platinum Qantas Credit Card.

The HSBC Platinum Qantas Credit Card offers a complimentary Qantas Frequent Flyer membership and earns up to 1 Qantas Point per $1 spent on eligible purchases made in Australia and overseas. Plus, you’ll receive 20,000 bonus Qantas Points when you spend $3,000 on eligible purchases within the first 90 days.

0% p.a.

Balance transfer rate

for 12 months


Bonus points

19.99% p.a.

Purchase rate


Reward point

Per $ spent

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Product NameHSBC Platinum Qantas Credit Card
Rewards programQantas Frequent Flyer
Balance transfer rate0% p.a. for 12 months
Balance transfer revert rateCash Advance Rate (21.99% p.a.)
Balance transfer limit90% of available limit
Purchase rate19.99% p.a.
Annual fee$99
Interest-free periodUp to 55 days on purchases
Cash advance rate21.99% p.a.
Min credit limit$6,000
Card typeVisa
Foreign currency conversion fee3%
Minimum income$40,000
Available to temporary residentsYes - Conditions apply
Joint applicationNo


  • 20,000 bonus Qantas Points
  • Complimentary purchase and travel insurance covers
  • Earns up to 1 Qantas Point per $1 spent
  • 0% p.a. on balance transfers for the first 12 months, with no BT fee


  • $3,000 spend requirement for 20,000 bonus points is high
  • Spend threshold of $1,000 per statement period before the lower earn rate kicks in is low
  • Does not offer lounge passes
Rewards programQantas Frequent Flyer
Bonus points20,000
Rewards points per $ spent1
Rewards points cap7,500
Annual fee$99
Minimum monthly repayment3% of the closing balance or $20, whichever is greater
Late payment fee$30
Foreign currency conversion fee3%
Cash advance fee3% or $4, whichever is greater
Additional cardholder fee$0

Review by

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

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.

How to apply

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

  • Minimum income. You must earn at least $40,000 per year to apply.
  • Eligible balance transfer debt. If you are planning to transfer a balance, you can transfer up to 90% of your available credit limit from Australian-issued, non-HSBC credit cards.

Card benefits

  • Bonus Qantas Points. Apply for the HSBC Platinum Qantas Credit Card and spend at least $3,000 on eligible purchases within 90 days of card approval to enjoy a bonus 20,000 Qantas Points. There's no specified expiry date for this offer, but HSBC may change or end it at any time.
  • Earn Qantas Points. Earn 1 Qantas Point per $1 spent on eligible purchases in Australia and overseas, up to $1,000 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.

Rates & fees

  • Annual fee. This card charges a $99 annual fee.
  • Interest rates. The HSBC Platinum Qantas charges a variable 19.99% p.a. interest rate on purchases and 21.99% p.a. on cash advances.

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    Default Gravatar
    August 20, 2019

    Do you earn points when paying ATO?

      Avatarfinder Customer Care
      August 21, 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.


    Default Gravatar
    August 8, 2019

    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.

      Default Gravatar
      August 9, 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!


      Hope this helps

    Default Gravatar
    March 26, 2019

    Does this card have no international transaction fees? Thanks!

      Avatarfinder Customer Care
      March 28, 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!


    Default Gravatar
    March 6, 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.



      Avatarfinder Customer Care
      March 6, 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!


    Default Gravatar
    January 12, 2019

    To gain travel insurance, it says you must have a return ticket. Does that mean you must return to Australia?

      Avatarfinder Customer Care
      January 15, 2019

      Hi Ian,

      Thank you for your comment.

      Upon checking, you are covered for the international travel insurance when you paid at least 90% of the total cost of the return travel ticket (i.e. ticket from and returning to Australia) using the eligible card. Hence, yes, you must have a return ticket.

      You may directly get in touch with Allianz Global Assistance, as they are the policy owner, and verify the details.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.


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