93% Jacob Mezzer | 3 March 2019
Not a huge spender each month. The earn rate really delivers for me.
Recommends this card
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- HSBC Credit Cards
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HSBC Platinum Qantas Credit Card
HSBC Platinum Qantas Credit Card
Apply by 31 December 2019
Earn rate per $1
1 point 
Bonus points
N/AAnnual fee
$0 first yearPros
0% p.a. on balance transfers for the first 12 months
Pay no annual fee first year
Reasonable ongoing annual fee of $79
Range of complimentary platinum insurance covers and benefits
International travel insurance
Domestic Travel Insurance
Complimentary membership to the Qantas Frequent Flyer program (saving you $99.50)
Visa acceptability
Free additional card holders
Cons
3% foreign transaction fee
Low points cap on 1 for 1 points earning. 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. This is capped at 7,500 per statement period.
HSBC Platinum Qantas Credit Card
You will be off to a flying start with the HSBC Platinum Qantas credit card. 0% p.a. on balance transfers for 12 months from non-HSBC credit cards on application. $0 Annual Fee in the first year (saving you $79). Earn 1 Qantas Point per $1 spent up to $2,500 per statement period on eligible purchases made in Australia and overseas. After that, every $1 spent earns you 0.5 Qantas Points, up to a total of 7,500 per statement period. (Qantas Bonus Points are not subject to capping).
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, Guaranteed Pricing Scheme and International Travel Insurance. Other Platinum benefits include 24/7 Personal Concierge, entertainment offers and event invitations, extended warranty, a pricing guarantee scheme, and purchase protection.
Key features
- 0% p.a. on balance transfers for 12 months from non-HSBC credit cards on application
- Earn 1 Qantas point per dollar spent, up to $2500 every month. Every $1 spent thereafter will earn 0.5 Qantas Points. This is capped at 7,500 per statement period.
- Free additional card holders
- Purchase protection, extended warranties & guaranteed pricing policies
- $0 Annual Fee in the first year (saving you $79)
- International travel insurance
- Domestic Travel Insurance
- 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 payWave
- Eligible with Apple Pay
100% of customers who have rated this card would recommend it
75% Visitor | 8 November 2013
I 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
| Interest Rates | |
| Purchase rate | 19.99% p.a. |
| Cash advance rate | 21.99% p.a. |
| Interest free on purchases | up to 55 days |
| Balance Transfer | |
| Balance transfer rate | 0% p.a. for 12 months |
| Balance transfer fee | No fee |
| Balance transfer revert rate | 21.99% p.a. |
| Balance transfer limit | 95% of your approved new credit limit |
| Balance transfer from personal loan | No |
| Banks you can't balance transfer from | HSBC |
| Credit limits | |
| Minimum credit limit | $6,000 |
| Maximum credit limit | $60,000 |
| Fees & repayments | |
| Annual fee | $79 p.a. |
| Annual fee first year | $0 |
| Additional cardholder fee | Up to 99 - $0 p.a. |
| Cash advance fee | 3% |
| Foreign transaction fee | 3% |
| Minimum repayment | 3% |
| Late payment fee | $30 |
| Credit card type | Visa |
| Rewards program | |
| Rewards program | Qantas Frequent Flyer |
| Annual points cap | 90,000 |
| Bonus points spend criteria | N/A |
| Earning points with this card | |
| Qantas points | 1 point per $1 spent |
| Overseas earn rate | same as standard earn rate |
| Points cap per month | Capped at $2,500, then 0.5 pts per $1 spent up to $7,500 |
| Complimentary insurance | |
| Overseas travel insurance | yes - up to months |
| Flight inconvenience insurance | Yes |
| Transport accident cover | Yes |
| Smartphone screen insurance | No |
| Purchase protection insurance | Yes |
| Extended warranty insurance | Yes |
| Rental vehicle excess cover | Yes |
| Extras | |
| Complimentary Qantas Frequent Flyer Membership | |
| Eligible with Apple Pay |
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.
69 questions (showing the latest 10 Q&As)
- Be over 18 years old
- Good credit and 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
Pros and cons
- 0% p.a. on balance transfers for the first 12 months
- Pay no annual fee first year
- Reasonable ongoing annual fee of $79
- Range of complimentary platinum insurance covers and benefits
- International travel insurance
- Domestic Travel Insurance
- Complimentary membership to the Qantas Frequent Flyer program (saving you $99.50)
- Visa acceptability
- Free additional card holders
- 3% foreign transaction fee
- Low points cap on 1 for 1 points earning. 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. This is capped at 7,500 per statement period.
Creditcard.com.au review
Editor Review
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.
User reviews
Not a huge spender each month. The earn rate really delivers for me.
Recommends this cardI 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 cardRates and fees
Interest rates
Purchase rate 19.99% p.a.
Cash advance rate 21.99% p.a.
Interest free 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 95% of approved credit limit
Banks you can't balance transfer from HSBC
Credit limits
Minimum credit limt $6,000
Maximum credit limit $60,000
Fees & repayments
Annual fee $79 p.a.
Additional card holder fee Up to 99 - $0 p.a.
Foreign transaction fee 3%
Minimum repayment 3%
Annual fee the first year $0
Cash advance fee 3%
Late payment fee $30
Rewards and points
Rewards program
Rewards Program Qantas Frequent Flyer
Bonus points N/A
Annual points cap 90,000
Bonus points spend criteria N/A
Earning points with this card
Qantas points 1 point
per $1 spent
Points cap per month Capped at $2,500, then 0.5 pts per $1 spent up to $7,500
Overseas earn rate same as standard earn rate
Additional features
Complimentary insurance
Overseas travel insurance yes
Flight inconvenience insurance Yes
Transport accident cover Yes
Smartphone screen insurance No
Purchase protection insurance Yes
Extended warranty insurance Yes
Rental vehicle excess cover Yes
Extras
Complimentary Qantas Frequent Flyer Membership
Eligible with Apple Pay
Overview
HSBC Platinum Qantas Credit Card
You will be off to a flying start with the HSBC Platinum Qantas credit card. 0% p.a. on balance transfers for 12 months from non-HSBC credit cards on application. $0 Annual Fee in the first year (saving you $79). Earn 1 Qantas Point per $1 spent up to $2,500 per statement period on eligible purchases made in Australia and overseas. After that, every $1 spent earns you 0.5 Qantas Points, up to a total of 7,500 per statement period. (Qantas Bonus Points are not subject to capping).
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, Guaranteed Pricing Scheme and International Travel Insurance. Other Platinum benefits include 24/7 Personal Concierge, entertainment offers and event invitations, extended warranty, a pricing guarantee scheme, and purchase protection.
Key features
- 0% p.a. on balance transfers for 12 months from non-HSBC credit cards on application
- Earn 1 Qantas point per dollar spent, up to $2500 every month. Every $1 spent thereafter will earn 0.5 Qantas Points. This is capped at 7,500 per statement period.
- Free additional card holders
- Purchase protection, extended warranties & guaranteed pricing policies
- $0 Annual Fee in the first year (saving you $79)
- International travel insurance
- Domestic Travel Insurance
- 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 payWave
- Eligible with Apple Pay
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.
Recently Asked Questions
Something you need to know about this card? Ask a our credit card expert a question.
Ask a question69 questions (showing the latest 10 Q&As)
Hi Roland, the same question that I asked about applying for a credit card whilst receiving income protection. Please advise.
Hi Angela, again with HSBC I believe it should be fine for proof of income. Though other questions may arise such as how long the payments will continue. This is a great card for earning Qantas Points. Plus the 1 point per $1 earn rate is near market leading. In the end, I would try for this one if you want to earn Qantas points.
I added Qantas Frequent Flyer to my platinum card in October. How long before the bonus points appear on my Qantas Statement?
Hi Barbara, I found this PDF on the HSBC credit card website - https://www.hsbc.com.au/content/dam/hsbc/au/docs/pdf/plat-qantas-rewards-tc.pdf. Qantas Points earned in a statement period will be submitted to Qantas for crediting to your Qantas Frequent Flyer account shortly after the end of that statement period as shown on your monthly statement of account. Usually your Qantas Points will be credited within four weeks of the end of the applicable statement period.
We are traveling to Europe by train and back by air. Our one wY air fare is on the card. Does that activate the insurance?
Hi Anna, from my last point to you. It looks like you would need to pay 90% of the air tickets to and from Europe to be covered. Therefore if you paid to EU and then home you would be. I would call the insurer listed in the booklet to confirm and discuss your individual situation.
Does the international travel insurance cover the primary and secondary card holder? How much does one need to spend on the travel to activate the insurance?
Hi Anna, the secondary card holder needs to be travelling with the primary card holder to be covered. The secondary card holder will never be covered if travelling separately and needs to be related or spouse. I have found this PDF on the HSBC Platinum Qantas web site that details the insurance and eligibility. Its worth having a look - https://www.hsbc.com.au/1/PA_ES_Content_Mgmt/content/australia/common/pdf/personal/new-plat-qantas-insurance-tc.pdf. I have grabbed this: at least 90% of the total cost of the cardholder’s overseas return travel ticket
(i.e. ticket from and returning to Australia) has been charged to the accountholder’s Card account; or if the cardholder has paid for their overseas return travel ticket as outlined above, this cover extends to the cardholder’s spouse and their dependants provided they have also had at least 90% of the total cost of their overseas return travel tickets paid for in the above manner, and the spouse and/or dependants are travelling with the cardholder for the entire journey.
Hi RolandI just need to get your feedback on Virgin Money credit cards. I've recently applied and was approved for credit card but had trouble with their customer service as they didn't explain to me about their different promotions so i could benefit from the bonus points... anyway, do you have any idea about dealing with them? which frequent flyer card you'd receommend?
Thank youSahera
Hi Sahera, I have found Virgin money to be very responsive in customer service though this comes down to the individual situation. Some virgin cards earn velocity points, is this what you are after or are you now looking at Qantas points earning cards? How much do you spend a month on average on your credit cards? Get back to me and I can provide some suggestions.
Does this allow for a secondary card? If so what is the additional cost?
Hi Andrea, with the HSBC Platinum Qantas card you can have a secondary cardholder at no extra cost.
Already a HSBC interest free credit card holder. Am I eligible for the 60000 points if I apply for this card?
Hi T Kate, checking the terms. Existing HSBC customers transferring from another HSBC credit card or customers who have held a HSBC Platinum Qantas Credit Card within the last 18 months or HSBC Premier World MasterCard® or HSBC Staff are ineligible for this offer. Based on this I think it could be possible to get the points if you still keep your other HSBC card open and are just applying for this new card.
I am interested in this product because bonus qantas points. My question is: it is possible to pay annual fee using qantas points? Thanks
Hi Leena, at this time you cannot pay the annual fee by Qantas points. The annual fee is added to the balance soon after the card is activated and then annually until you close your account.
Is there an additional cardholder fee for this credit card
Hi Andrew, there is no additional card holder fee.
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