- 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
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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
- 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. Ask Roland a Question 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
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
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 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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