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84,000 Spend $3,000 within 90 days from card approval
HSBC Platinum Credit Card – Bonus Points Offer
HSBC Platinum Credit Card – Bonus Points Offer

HSBC Credit Cards

HSBC Platinum Credit Card – Bonus Points Offer

Updated 3 November 2020

84,000 Bonus Rewards Plus Points when you spend $3,000 on eligible purchases using your new card within 90 days from card approval. That’s enough for $350 in e-Gift Cards. New Rewards Plus customers only. Domestic and International Travel Insurance, Purchase Protection, Extended Warranty and Guaranteed Pricing Scheme.

HSBC may change or end this offer at any time. Please see full terms and conditions.

Points Earn Rate (per $1 spent)

1 point

Capped at 10,000

Rewards Program

Rewards Plus

Bonus Points

84,000 pts

Spend $3,000 within 90 days from card approval

Pros and cons

  • 84,000 Bonus Rewards Plus Points when you spend $3,000 on eligible purchases using your new card within 90 days from card approval. That’s enough for $350 in e-Gift Cards. New Rewards Plus customers only.
  • No annual fee when you meet the spend criteria (reasonable $6,000 yearly spend required)
  • Earn 2 Rewards Plus points per $1 on overseas eligible purchases and 1 Rewards Plus point per $1 for all other eligible purchases
  • Two airport lounge passes every year (LoungeKey membership)
  • Free additional card holders
  • Eligible with Apple Pay & Google Pay
  • International travel insurance for trips up to 4 months
  • Domestic travel insurance (inc rental car cover)
  • Extended Warranty, Purchase Protection, Guaranteed Pricing insurance
  • Instant savings at more than 4,500 stores, hotels and attractions.
  • 0% p.a. on balance transfers for 12 months from non HSBC credit cards (reverts to the variable cash advance rate), with No Balance Transfer Fee

  • Points earn is capped at 10,000 per statement period
  • High standard purchase rate like all rewards credit cards
  • 3% Foreign transaction fee

Creditcard.com.au review

Editor Review

HSBC Platinum Credit Card – Bonus Points Offer

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The HSBC Platinum Credit Card - 84,000 Bonus Rewards Plus Points

Offering 84,000 Bonus Rewards Plus Points when you spend $3,000 on eligible purchases using your new card within 90 days from card approval for new customers, the HSBC Platinum Credit Card could be a great find for new cardholders looking to get their hands on some points. Aside from offering a wide range of platinum extras and the opportunity to earn rewards.

What we love...

One of the biggest drawcards with this offer is the 84,000 Bonus Rewards Plus Points. To be eligible you need to spend $3,000 on eligible purchases using your new card within 90 days from card approval. This offers is available to new Rewards Plus customers only. 84,000 Rewards Plus Points is enough for $350 in e-Gift Cards. The 84,000 bonus Rewards Plus Points will be credited to your Rewards Plus Account within 60 days of meeting the spend criteria, provided that your account is active and not in arrears.

What’s not so great...

The interest rate is high at 19.99% p.a. on purchases and 21.99% p.a. on cash advances so make sure you pay your balance off and avoid cash advances.

Why should you choose this card?

If you’re looking for a bonus points offer, this card could be an excellent option. As a platinum card, it has a higher minimum income requirement, at $40,000 per year, and it also requires applicants to have good credit history. If you meet the card’s eligibility, it could suit you if you’re interested in a card with heaps of platinum perks and rewards.

Another nice feature of the card is its reasonable annual fee, $129 p.a. To give you an idea of what features are on offer, here’s a quick rundown:

  • Earn 2 Rewards Plus points per $1 on overseas eligible purchases and 1 Rewards Plus point per $1 for all other eligible purchases (capped at 10,000 per statement period).
  • Receive two airport lounge passes every year.
  • Travel in style with LoungeKey membership.
  • Enjoy Visa Premium Benefits (visit visapremium.com.au for more).
  • Access the home&Away Privilege Program to enjoy exclusive offers and privileges from partners at home and overseas.
  • Benefit from 20% off dining, and retail savings of up to 25% with your free membership to Frequent Values by Entertainment Publications.
  • Get instant savings at more than 4,500 stores, hotels and attractions.
  • Receive complimentary insurance, including Domestic and International Travel Insurances for trips up to 4 months with rental vehicle insurance excess cover, Transit Accident Insurance, Extended Warranty Insurance, Guaranteed Pricing Scheme and Purchase Protection Insurance.

Overall Rating

The HSBC Platinum Credit Card is a feature-packed rewards card. New cardholders can benefit from an awesome 84,000 bonus Rewards Plus Points.

Disclaimer

The information, included card rates and fees, present in the review is accurate as of the date of the review. Please refer to issuer website and application for the most current information.

User reviews

HSBC Platinum Credit Card – Bonus Points Offer ( based on 1 Creditcard.com.au user review )

80% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates



Purchase rate 19.99% p.a.

Cash advance rate 21.99% p.a.

Interest free period on purchases up to 55 days

Balance transfer

Balance transfer rate 0% p.a. for 12 months

Balance transfer revert rate 21.99% p.a.

Balance transfer from personal loan No

Balance transfer fee No fee

Balance transfer limit 90% of approved credit limit

Banks you can't balance transfer from HSBC

Credit limits

Minimum credit limt $6,000

Maximum credit limit $25,000

Fees & repayments

Annual fee $129 p.a.

Additional card holder fee $0 p.a.

Foreign transaction fee 3%

Minimum repayment 3% or $20

Cash advance fee 3% or $4

Late payment fee $30

Rewards and points

Rewards program

Rewards Program Rewards Plus Rewards Plus

Bonus points 84,000 points

Annual points cap 120,000

Bonus points spend criteria Spend $3,000 within 90 days from card approval

Earning points with this card

Rewards Plus Rewards points 1 point per $1 spent

Points cap per month Capped at 10,000

Overseas earn rate 2 points per $1 spent

Additional features

Complimentary insurance

International Travel Insurance Yes - up to 4 months

Flight Inconvenience Insurance No

Transit Accident Insurance Yes

Smartphone Screen Insurance No

Purchase Protection Insurance Yes

Extended Warranty Insurance Yes

Rental Vehicle Excess In Australia Insurance Yes

Extras

Eligible with Apple Pay and Google Pay

2 Airport lounge passes every year with LoungeKey

Overview

HSBC Platinum Credit Card – Bonus Points Offer

Key features

  • 84,000 Bonus Rewards Plus Points when you spend $3,000 on eligible purchases using your new card within 90 days from card approval. That’s enough for $350 in e-Gift Cards. New Rewards Plus customers only.
  • Annual fee of $129 applies and is refunded each year for customers who spend $6,000 on eligible purchases in 12 months
  • Free additional card holders
  • Eligible with Apple Pay and Google Pay
  • Earn 2 Rewards Plus points per $1 on overseas eligible purchases and 1 Rewards Plus point per $1 for all other eligible purchases. This is capped at 10,000 per statement period.
  • Two complimentary airport lounge passes every year
  • Complimentary Domestic (inc rental car cover) and International travel insurance for trips up to 4 months
  • Complimentary Purchase Protection, Extended Warranty and Guaranteed Pricing Scheme
  • 0% p.a. on balance transfers for 12 months from non HSBC credit cards (reverts to the variable cash advance rate), with No Balance Transfer Fee

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Resident or citizen of Australia. Temporary residents are eligible.

  • Minimum income of $40,000 p.a.

  • You have your personal details ready to complete the online application

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

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