- Earn 1.5 Qantas Points for every $1 spent on eligible purchases during the first 12 months of your account. Every $1 spent thereafter will earn 1 Qantas Point. This is capped at 120,000 per year.
- $0 annual fee in the first year; $299 thereafter
- 0% p.a. on balance transfers for the first 12 months with 2% BT fee. Reverts to cash advance rate.
- Complimentary membership to the Qantas Frequent Flyer program (saving you $99.50)
- Up to 55 interest-free days
- Free multiple additional cardholders, fee-free
- Range of complimentary platinum insurance covers and benefits
- Visa acceptability
- Eligible with Apple Pay and Google Pay
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HSBC Credit Cards
HSBC Platinum Qantas Credit Card
Updated 8 July 2025
Be off to a flying start with extra points on your spending! For the first year, earn 1.5 Qantas points (that's a bonus 0.5 points per $1 spent), and then 1 point per $1 each year thereafter (earning is capped at $120,000). Get more value from your points with an extra perk: no annual fee the first year! Plus you can get 0% p.a. on balance transfers for 12 months (2% balance transfer fee applies) plus, complimentary Qantas Frequent Flyer Membership and insurance benefits.
HSBC may change or end this offer at any time. Please see full terms and conditions.
Points Earn Rate (per $1 spent)
1.5 points
up to $120,000 during the first 12 mos, then 1 pt per $1
Rewards Program
Qantas Frequent Flyer
Bonus Points
N/A
Pros and cons
- 3% foreign transaction fee
Creditcard.com.au review
Editor Review
HSBC Platinum Qantas Credit Card
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
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The HSBC Platinum Qantas Credit Card
Globetrotters will appreciate the HSBC Platinum Qantas card as for its travel perks and Qantas points. For a limited time, you can earn bonus points when you spend and save $299 on the first year's annual fee. You'll also get complimentary overseas and domestic travel insurance, free Qantas Frequent Flyer membership and other nifty card extras like 0% on balance transfers for 12 months.
Let’s look a little closer to find out more about the introductory offer, points earning potential, 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...
HSBC's new offer is about rewarding you on your spending. You can earn a bonus 0.5 Qantas Points on eligible transactions for the first year. So, that means you'll earn 1.5 points per $1 for 12 months (or when you've spent $120,000 on the card, whichever comes first) and then 1 point per $1, which is still a great earn rate for Qantas points. You'll also save $299 the first year as part of the annual-fee-free introductory offer. Just note this offer is available to new applicants only.
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.
If you do choose to use the balance transfer feature, just be aware that a 2% fee applies on the transferred amount.
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 (although $120k per year is a generous cap!). 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 and, extended warranty.
Cardholders can also enjoy up to 55 days interest-free on purchases, a 24/7 Personal Concierge, free multiple additional cardholders (other charges may apply), 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 nice rewards card that gives you the opportunity to earn a very good rate of Qantas Points plus no annual fee the first year. The combination of extra points and savings on fees helps you maximise the value of your points. You'll also get 12 months 0% p.a. on balance transfers, alongside a decent ongoing earn rate and raft of desirable extras for travellers.
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 2% one off
Balance transfer limit 90% of approved credit limit
Brands you can't balance transfer from HSBC
Credit limits
Minimum credit limit $6,000
Maximum credit limit N/A
Fees & repayments
Annual fee $299 p.a.
Additional cardholder fee $0 p.a.
Foreign transaction fee 3%
Minimum repayment 3% or $30 whichever is higher (Low Rate); 3% or $20 whichever is higher (Platinum, Premier, & Star Alliance cards)
Annual fee the first year $0
Cash advance fee 3% or $4 (whichever is greater)
Late payment fee $30
Rewards and points
Rewards program
Rewards Program
Qantas Frequent Flyer
Bonus points N/A
Annual points cap $120,000
Bonus points spend criteria N/A
Earning points with this card
Qantas Rewards points 1.5 points per $1 spent
Points cap per month up to $120,000 during the first 12 mos, then 1 pt per $1
Overseas earn rate same as standard earn rate
Additional features
Complimentary insurance
International Travel Insurance Yes
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
Travel insurance underwritten by Allianz Global Assistance
Complimentary Qantas Frequent Flyer Membership
Overview
HSBC Platinum Qantas Credit Card
As a cardholder you can enjoy complimentary membership to the Qantas Frequent Flyer program (saving you $99.50), up to 55 days interest-free on purchases, complimentary insurances and priority 24-hour customer service. The HSBC Platinum Qantas card comes with Domestic Travel Insurance, Purchase Protection, Extended Warranty, and International Travel Insurance. Other Platinum benefits include 24/7 Personal Concierge, entertainment offers and event invitations, extended warranty, and purchase protection.
Key features
- Earn 1.5 Qantas Points for every $1 spent on eligible purchases during the first 12 months of your account. Every $1 spent thereafter will earn 1 Qantas Point. This is capped at $120,000 per year.
- $0 annual fee in the first year; $299 thereafter
- 0% p.a. on balance transfers for 12 months from non-HSBC credit cards on application; 2% BT fee applies
- Free multiple additional cardholders, fee-free
- Visa payWave
- Eligible with Apple Pay & Google Pay
- International travel insurance
- Domestic Travel Insurance
- Purchase protection and extended warranties
- Access to HSBC Instant Savings with a free membership to Frequent Values™ by Entertainment Publications. You can enjoy more than 4,500 exciting offers at participating outlets across Australia and New Zealand every time you use your credit card.
- Visa Premium Benefits
- home&Away Privilege Program exclusive offers and privileges
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
Australian resident
-
Minimum income of $40,000 p.a.
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
Recently Asked Questions
Something you need to know about this card? Ask our credit card expert a question.
Ask a question88 questions (showing the latest 10 Q&As)
how do i apply for this card
Hi Anastasia, We're currently not partnered with HSBC. You can visit their official website to start the application. Thanks!
we have a qantas platinum HSBC credit card, but unfortunately did not book our flights with this card how can we be eligable for travel insurance international, can i transfer the airfare cost on this card and how should i do this
Hey Carolyn, HSBC’s travel insurance terms say that to be eligible for cover you need to spend “at least $500 on your prepaid travel costs” on your card. That can include overseas travel tickets, airport taxes, accommodation or other prepaid itinerary items. Do you have other items still to pay for before you leave over $500, or could you rebook your accommodation on your card? I’ve also heard stories from users who have added a $500 “incidentals charge” to their hotel room before leaving to use the mini-bar and other things like that. Check the insurance terms too, because there are other eligibility criteria such as having a return overseas ticket and being an Aussie citizen. All the best!
Will I earn points on any balance transfer?
Hi Angel, typically you won’t earn points on balance transfers and sadly, this card is no exception.
Cheapest credit card yearly fee , collecting Qantas frequent flyer points and giving complimentary Qantas lounge passes .
Hi Helen, if you’re after cards that earn Qantas Points, you can look at our Qantas comparison page and sort by annual fee. You can also look at a list of cards that come with lounge passes as another way to compare. Good luck!
I tried to apply for a HSBC platinum qantas card but the page did not reload after my ID check and I cannot retrieve my application - please help!
Hi Nikki, I’m sorry you’re experiencing some trouble retrieving your application. You can call St.George directly at 13 33 30 to see what happened to your application.
I have had travel insurance with HSBC for 30 years. As I had ablation to my heart 3 years ago, will I still be covered for overseas travel.
Hi Alan, insurance policies are tricky and always come with exclusions around conditions. You’d be best to chat to HSBC directly about your policy.
Do I apply to Qantas for the Frequent Flyer membership, or is this done through HSBC and then linked please?
Hi Kylie, good question! Typically, there is a joining fee associated with the Qantas Frequent Flyer membership. However, if you’re an HSBC credit card customer and wish to participate in the Qantas Rewards program, you can join by visiting qantas.com/hsbcjoin. HSBC has arranged for the joining fee to be waived for customers who use this link. Hope this helps!
I've had this card for years, but I'm always sceptical about the included insurance. WIthout reading and understanding every single word of the PDS, I'm scared I won't be covered for something that happens. I have Googled to try and find a review from someone who has actuall ever claimed against the insurance but cannot find.
Hi Jane, each credit card's insurance offering is underwritten by a 3rd party. In the case of HSBC, they are underwritten by Allianz Insurance Australia. It’s great that you’re doing as much research as you can! There’s a fair few discussions happening on Trip Advisor about complimentary insurances included with credit cards where people speak from first hand experiences. Hopefully you’ll find some answers there.
DB
18 March 2025All right credit card however when it comes time to cancel they make it challenging. All monthly statements have always been paid in full on time yet they still demand a mysterious 'interest fee' upon my request to cancel. I tried calling the call centre to get to the bottom of it and have been on hold for over an hour. Ended up just paying the mysterious interest fee because my time is worth more than the extra amount they are seeking.
Does not recommend this cardJacob Mezzer
3 March 2019Not a huge spender each month. The earn rate really delivers for me.
Recommends this cardCreditcard.com.au Visitor
8 November 2013I have been using this card for about two years and frequently travel overseas which gives me the opportunity to earn bonus points on Qantas products. I use this card the most, annual fees are high but the free travel insurance offsets this to a certain amount. Recommended.
Recommends this card