HSBC Rewards Plus

The HSBC Rewards Plus Program has been launched and offers more merchandise, programs and travel products than ever before. This article explains what you can use your Rewards Points for, and where you can get a HSBC credit card.

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HSBC is proud to launch their latest rewards offers, HSBC Rewards Plus. Along with their already popular Rewards, you can now also get bigger and better merchandise and travel rewards. You will receive rewards points when you spend on the HSBC Platinum Credit Card, and you can even receive double or triple the rewards points by shopping with their bonus partners.

HSBC Credit Card Offer

HSBC Platinum Credit Card - Balance Transfer Offer

0% p.a. for 22 months on balance transfers

Offer ends 31 March 2020

Eligibility criteria, terms and conditions, fees and charges apply

HSBC Credit Card Offer

A platinum card offering 0% interest on balance transfers for 22 months with no balance transfer fee. Plus, an annual fee refund each year when you spend $6,000 on eligible purchases

  • Annual fee: $129 | Purchase interest rate: 19.99% p.a.
  • Complimentary travel insurance and 2 lounge passes per year
  • Earn 1 HSBC Rewards Point per $1 spent in Australia and 2 overseas
  • Foreign transaction fee: 3% of transaction value | Cash advance rate: 21.99% p.a.
  • Minimum income requirement of $40,000
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HSBC Rewards Plus

The rewards are offered in many different categories including:

  • Entertainment. After a hard days work, reward yourself with HSBC Rewards Plus entertainment rewards. You can check out the latest movies, take a dive with sharks, go to a theme park or even take a hot air balloon ride. If you have visitors arriving, why not treat them with your Rewards Points to a great tourist attraction in Australia?
  • Financial. HSBC Rewards Plus points can be used for a deposit to your online savings account, to make a payment on your HSBC home loan, for a rebate on a range of educational or insurance programs or to make a donation to one of the charities they have listed.
  • Travel. You can use you rewards points for car rental, airfares, hotels and a lot more. You can also use your reward points to partially pay a trip and then put the rest on your HSBC Rewards Plus card and earn double the bonus points for every dollar that you spend. When you are planning to travel you can use the HSBC Travel Plus to book any kind of travel which includes:
  • Accommodation
  • Holidays and tours
  • Flights on any airline
  • Coach or rail travel
  • Merchandise. HSBC offers a wide range of merchandise you can choose from online, including some of the biggest brands. Some of these products include:
  • Electrical appliances
  • Sporting equipment
  • Toys
  • Fragrances
  • Home-wares
  • Digital cameras
  • Vouchers/gift cards. Choose from a wide selection of vouchers and gift cards for clothing, homeware, music, jewelry, floral, guidebooks and magazines.
  • Bonus partners. You can earn double or triple Rewards Points by shopping with one of our bonus partners including:
  • ACP Magazines
  • Alpine World Travel
  • Always on Sale
  • Astra Limousines
  • Balloon Aloft
  • Beaurepaires
  • Europcar
  • Everything but flowers
  • Heavenly Group
  • Interflora
  • Paddy Pallin
  • Premium Wines
  • Rendezvous Hotels
  • Sydney Aquarium
  • Sydney Wildlife World

What is the value of HSBC points compared with other programs?

HSBC offers a range of reward options depending which credit card you have. The HSBC Rewards Plus program lets you collect points and redeem them for flights, shopping and wine programs.

There are two reward programs available for HSBC cardholders. You’ll be automatically enrolled in the HSBC Rewards program and you’ll have the option of joining the Qantas Rewards program.

If you have chosen the Qantas Rewards program, you will earn one Qantas Frequent Flyer per $1 spent on eligible purchases. You also need to be a member of the Qantas Frequent Flyer program in order to redeem points.

All HSBC reward points expire 36 months after issue. Below is a table showing the limit of HSBC reward points you can earn per statement period and any additional benefits you wish to add to your card.

HSBC credit cardPoints CapExtra benefits
Platinum Qantas10,000Visa Entertainment
Platinum10,000Visa Entertainment
Premier10,000Access to Mastercard World Program

How to redeem your HSBC reward

  • Call 132 152 (24 hours a day, 7 days a week)
  • Platinum cardholders can call 1800 100 287 and Premier cardholders can call 1300 301 168

Earn 1 Qantas Point per $1 spent up to $2,500 per statement period on eligible purchases made in Australia and overseas. Every $1 spent thereafter will earn 0.5 Qantas Points up to a total of 7,500 Qantas Points per statement period.

HSBC Platinum Qantas CardNAB Qantas Rewards Credit CardCBA Awards Credit cardANZ Rewards Credit Card
How many points you earnEarn 1 Qantas Point per $1 spent up to 2,500 per statement period on eligible purchases made in Australia and overseas. Every $1 spent thereafter will earn 0.5 Qantas Points up to a total of 7,500 Qantas Points per statement period.0.5 points per $1 with Visa1 point for every $1 spent on eligible purchases (up to 50,000 points per year)1 point per $1 spent on eligible purchases on eligible purchases up to 1,000 spent per statement period

*Figures are taken from bank’s website, but are only used for demonstrative purposes.

If you are looking for an HSBC credit card, there are a few different types to choose from. You can go to HSBC's bank page to find out which credit card would suit your financial needs.

The HSBC Rewards Plus Program is a great program due to the wide selection of merchandise and programs you can use it for. You can use your card to redeem points and save a lot of money on both everyday and special purchases.

Image: HSBC

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2 Responses

  1. Default Gravatar
    piperDecember 12, 2013

    Why can’t I redeem my rewards redeemed online?

    • Avatarfinder Customer Care
      JacobDecember 12, 2013Staff

      Hi Piper.

      Please head to the HSBC website, and look for the section of their site that says, ‘rewards’. There’s a tab on their website navigation that says, ‘redeem now’. Click this and you will be directed to the HSBC Australian Credit Cards Online webpage.

      You will then be prompted to enter the last 12 digits of your card number. You will then be able to redeem your HSBC rewards points for a range of goods and experiences.

      Thanks for your question.

Credit Cards Comparison

Updated February 18th, 2020
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee
HSBC Platinum Credit Card - Balance Transfer Offer
19.99% p.a.
0% p.a. for 22 months
$129 p.a.
Enjoy a balance transfer offer, yearly annual fee refund, airport lounge passes and complimentary insurance covers.
St.George Vertigo Classic
13.99% p.a.
0% p.a. for 18 months
$55 p.a.
Get 0% interest for up to 18 months on balance transfers with no balance transfer fee. Plus, a low annual fee and purchase rate.
NAB Qantas Rewards Signature Card
19.99% p.a.
0% p.a. for 6 months with 2% balance transfer fee
$295 p.a. annual fee for the first year ($395 p.a. thereafter)
Collect up to 120,000 bonus Qantas Points. Get 90k when you spend $3,000 on eligible purchases in the first 60 days and 30k after 12 months.
Latitude 28° Global Platinum Mastercard
21.99% p.a.
$0 p.a.
Save with 0% foreign transaction fees on purchases. Plus, complimentary flight delay passes and a global wifi access.

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards 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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