• Rates
  58%
• Fees
  85%
• Rewards
  98%
• Customer Service
  97%
• Value
  86%

Roland Bleyer

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

The HSBC Platinum Qantas Credit Card

Are you a frequent traveller who enjoys earning rewards points while benefiting from some pretty nifty credit card extras? With 12-month 0% balance transfer offer on the table, the HSBC Platinum Qantas Credit Card could just be the rewards card you’re looking for.

Let’s look a little closer to find out more about the points earning potential on offer, as well as the features you could enjoy with access to this pretty piece of plastic. Is it the card for you? Read on to find out.

What we love...

Where could your points take you? You could explore Tassie, flying from Sydney to Hobart for 12,000 Qantas Points. Or, you could relax and unwind in Fiji, flying from Brisbane to Nadi for 18,000 Qantas Points. Want to go further? Fly from Adelaide to Rome for 55,000 Qantas Points and check out the Colosseum, St. Peter's Basilica and the Trevi Fountain!

But this card is about more than just bonus points. If you’ve got debt you want to pay off on any other non-HSBC credit cards, you could transfer the balance onto this card to enjoy 0% p.a. for 12 months. Then you’d have a year to pay down your debt, without worrying about interest.

What’s not so great...

Looking past the introductory offers on any credit card, there’s always more to uncover. Here’s where we look at the features that some cardholders may not be all that enthused about.

First up, that annual fee after the first year is $79, which is reasonable. You can earn 1 Qantas Point per $1 spent on eligible purchases up to $2,500 per statement period. Every $1 spent thereafter will earn 0.5 Qantas Points. This is capped at 7,500 per statement period.

If you want to earn big on points, you may not feel you’re getting the value you need from this card, especially with that points cap in place. There is also the relatively high purchase rate to consider, but this can be kept in check as long as you pay off the balance in full each month.

Why should you choose this card?

Deciding whether or not to choose this card simply comes down to value. You need to make sure you will get your money’s worth on your annual fee, either in the points you get in return, or the features you use on a regular basis.

More about those features? The HSBC Platinum Qantas Credit Card has plenty to offer in the way of features, including complimentary Qantas Frequent Flyer membership, and complimentary international travel insurance, purchase protection, extended warranty and guaranteed pricing.

Cardholders can also enjoy up to 55 days interest free on purchases, a 24/7 Personal Concierge, one free additional card holder, and access to HSBC Instant Savings, to benefit from more than 4,500 offers at participating outlets across Australia and New Zealand, every time you use your credit card.

Overall Rating

A handsome rewards card offering 12 months 0% p.a. on balance transfers, alongside a decent earn rate and raft of desirable features. Offer ends 31 December 2019.