- 20,000 bonus Qantas Points when you spend $3,000 or more on eligible purchases within 90 days from card approval
- 0% p.a. on balance transfers for the first 12 months
- $99 annual fee
- 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
- Eligible with Apple Pay and Google Pay
- Free additional card holders
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ANZ Frequent Flyer Black Credit Card
120,000 Bonus Qantas Points + $200 back*
*T&Cs apply. Two Qantas Club lounge invitations per year. $425 annual fee
HSBC Credit Cards
HSBC Platinum Qantas Credit Card
Updated 21 December 2020
You will be off to a flying start with the HSBC Platinum Qantas credit card. Receive 20,000 bonus Qantas Points when you spend $3,000 or more on eligible purchases within 90 days from card approval. Earn 1 Qantas point per dollar spent, up to $1,000/month then earn 0.5 Qantas Points thereafter. Complimentary overseas travel insurance. For a limited time get 0% p.a. on balance transfers for 12 months from non-HSBC credit cards on application.
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 $1,000, then 0.5 pts per $1 spent up to $7,500
Rewards Program
Qantas Frequent Flyer
Bonus Points
20,000 pts
Spend $3,000 within first 90 days
Pros and cons
- 3% foreign transaction fee
- Low points cap on 1 for 1 points earning. Earn 1 Qantas Point per $1 spent up to $1,000 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
HSBC Platinum Qantas Credit Card
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 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...
Receive 20,000 bonus Qantas Points when you spend $3,000 or more on eligible purchases within 90 days from card approval. The bonus points will be credited to your Qantas Frequent Flyer Account within 90 days of meeting the spend criteria. This offer is available to new applicants only.
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 is $99, which is reasonable. You can earn 1 Qantas Point per $1 spent on eligible purchases up to $1,000 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.
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 95% of approved credit limit
Banks you can't balance transfer from HSBC
Credit limits
Minimum credit limt $6,000
Maximum credit limit N/A
Fees & repayments
Annual fee $99 p.a.
Additional card holder fee Up to 99 - $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
Qantas Frequent Flyer
Bonus points 20,000 points
Annual points cap 51,000
Bonus points spend criteria Spend $3,000 within first 90 days
Earning points with this card
Qantas Rewards points 1 point per $1 spent
Points cap per month Capped at $1,000, then 0.5 pts per $1 spent up to $7,500
Overseas earn rate same as standard earn rate
Additional features
Complimentary insurance
International Travel Insurance Yes
Flight Inconvenience Insurance Yes
Transit Accident Insurance Yes
Smartphone Screen Insurance No
Purchase Protection Insurance Yes
Extended Warranty Insurance Yes
Rental Vehicle Excess In Australia Insurance Yes
Extras
Complimentary Qantas Frequent Flyer Membership
Eligible with Apple Pay and Google Pay
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, 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
- Receive 20,000 bonus Qantas Points when you spend $3,000 or more on eligible purchases within 90 days from card approval
- 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 $1,000 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
- $99 Annual Fee
- 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 & Google 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 question76 questions (showing the latest 10 Q&As)
Hi ,
I submitted an application yesterday . Has it been received ??
Hi Mark, we did not see any applications for this card through our site yesterday. If you submitted directly with HSBC you can touch base with them about your application. Bottom line - it takes typically around 5 days to process the application.
I've got HSBC mastercard for around 20 years, I would like to apply for a credit card from HSBC that has travel insurance to replace the old one.
Hi Lai, this one works if you are looking to earn Qantas points as well. Its generally for lower spenders as the points earning drops after $1,000 a month. You would not be able to effective transfer the balance from your old HSBC card to the new one. You would apply for this offer. Get approved. Then you could cancel the old card if you can payoff in full or have a $0 balance.
Which credit card would you suggest for me if im looking for the one with annual fee 99 dollars and also giving purchase protection, travel insurance, and qantas points for purchase? Also if i am on jobkeeper right now, will that be a problem in applying credit card eventhough my annual income is said to be 40k? Looking forwards to your reply.
Hi Angeline, you need to earn at least $40,000 p.a. to apply for this card. So if your income is just 40k, then you just scrape on not getting automatically declined. I assume that without Jobkeeper you income would have been over $40,000 as well? I do like this HSBC Qantas card. As you say it has all the features you are looking for. Nothing else in this annual fee with this earn rate stacks up.
Hi there. I am just wondering. If i apply for hsbc qantas platinum and have to make purchase of 3000 within 3 months to get 20k qantas points, will purchase of gift cards included or its excluded from the required amount? What about if i use my card to deposit amount to my etoro account (investment trading) ? Its still consider a purchase tho? Please advise.
Hi Angel, typically any purchase of gift cards is excluded. Though checking the terms on the HSBC site. To be eligible for the bonus Qantas Points offer, you must apply and be approved for a new HSBC Platinum Qantas Card. Receive 20,000 bonus Qantas Points if you spend $3,000 on eligible purchases within 90 days of card approval. Eligible purchases exclude interest free and other promotions, balance transfers, cash transfers, business expenses, cash advances, fees and charges, BPAY®, any disputed transactions and government fees and charges. It what is not eligible purchases would be the issue. As long as the deposit on etoro is not a cash advance and just is a standard purchase then you should be all good.
What does the 3% foreign transaction fee mean? Is it a 3% charge on every dollar spent overseas on the card?
Hi John, yes that's exactly what it means. Most cards have a similar fee. You can look at a card like the 28 Degrees with no annual or foreign fees.
Hi
Am I able to use a point to purchase international flights ticket with Jetstar?
Hi Keiko, yes, you can use Qantas points for international jetstar flights. All the bookings would be done through Qantas.com. Jetstar flights regularly come up as an option for me on many international routes.
do you provide complementary qantas lounge passes with HSBC Platinum Qantas Credit Card
Hi Faramarz, this is a low annual fee Qantas points earning cards. It comes with no lounge access. Just a great points earning rate and travel insurance for lower monthly spenders.
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 Roland
I 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 you
Sahera
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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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.
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