HSBC Platinum Qantas Credit Card

What do you want this card for?
Save money
Earn points
My monthly spend: 
$5,000
 
Offer
Card features
Rewards program
Earn rate
Sign up bonus
Points earned
HSBC Platinum Qantas Credit Card
Apply by 31 mar 19
5 reviews
HSBC Platinum Qantas Credit Card
Earn 1 Qantas Point per $1 spent, up to $2,500 every month. Every $1 spent thereafter will earn 0.5 Qantas Point. (Capped at 7,500 per statement period)
0% p.a. for 12 months on balance transfers with no balance transfer fee.
No annual fee for the first year. ($79 p.a. thereafter)
Add to comparison
Qantas Frequent Flyer
Qantas Frequent Flyer
1 pt
per $1 spent capped
-

Pros & cons

What's good?

What's not so good?

Earn 1 Qantas Point per $1 spent, up to $2,500 every month. Every $1 spent thereafter will earn 0.5 Qantas Point. (Capped at 7,500 per statement period)
0% p.a. for 12 months on balance transfers with no balance transfer fee.
No annual fee for the first year. ($79 p.a. thereafter)
Because it’s a Visa card you’ll not have to worry about avoiding American Express surcharges.
Complimentary membership to Qantas Frequent Flyer if you need it, saving you $89.50.
Cardholders get comprehensive travel insurance for Australia and overseas.
Visa payWave for faster contactless purchases.
Comes with Apple Pay.
Points earning rate drops back to 0.5 Qantas point per $1 spent after $2,500 threshold spend per statement period effectively making this card unsuitable for big spenders.
If you’re using this card overseas there’s a 3% foreign transaction fee to pay.

User reviews

3.4 out of 5.0 based on 5 reviews80% of reviewers would recommend this card

Rates and fees
Rewards
Customer service
Convenience
Trust

Reviews from users

HSBC = Paranoia!

Reviewed and not recommended by J on 17 Oct 2017

Having recently applied online for this card I have to say that HSBC paranoia is perhaps the most extreme that I’ve ever experienced.

Having dutifully completed every question on the online application and then uploaded a recent salary slip as they requested, I thought that my application should proceed quite easily as I earn over $250K pa, own about $6 million in unencumbered property, have substantial savings and have no debt. One would assume that HSBC would come knocking on my door begging for my business. But alas it was not to be.

A few days after completing my application I received a call from an 'HSBC application consultant’ to advise me that HSBC require the following evidence in support of my application:

1. Three additional salary statements to the one I already provided
2. Proof that I have no mortgages on any properties I own
3. Bank statements showing all my savings (must not be more than 1 month old)
4. All my current other credit card statements showing how much I have spent and currently owe
5. Three rental statements for each property I own showing how much rent i am getting, expenses etc

All this for a HSBC credit card? I must have been flagged as a potential fraudster by the HSBC fraud software.

After the 'HSBC application consultant’ was finished with his requests, I politely cancelled my application and told him I’ll go elsewhere for my credit card requirements.

What a joke!

No fuss to join, excellent personalised service.

Reviewed and recommended by Graham on 27 Jun 2017

Having endured 18 days being messed around by another bank, it was refreshing to be accepted by HSBC in less than 24 hours.

The $199 annual fee with 60,000 bonus points and 1 point per dollar sure beats my current provider raising their annual fee to $295.

Some banks do not value existing customers!

OK if you can use QFF points

Reviewed and recommended by Chris on 12 Dec 2016

There are decent QFF reward points. The interest rate is high though. I would recommend it if you have a use for QFF points. Otherwise, opt for a low rate card instead.

Service is pretty good. Their online banking is secure, but a bit annoying with the two passwords you need to log in.

Overall, the card is okay.

Great rewards and security

Reviewed and recommended by Paul on 16 Sep 2016

This HSBC card is a highly valuable and useful card. I enjoy using this card for online shopping and groceries. Payment is easy.

Also, the security of using the card is great. It has the feature of primary and secondary passwords.

Visa payWave is very convenient when payment is made under $100.

Perfect for Qantas points

Reviewed and recommended by R on 24 Jun 2016

I love this card. I just need a new chip on it so I can do payWave easily. It’s a great way to accumulate Qantas Frequent Flyer points by spending on everyday items.

I would pick this card any day, but it does have high annual fees, so beware of the sting. Great card otherwise and would recommend.

Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Single
Card tier
Platinum
Card type
Visa
Card use
Personal
Credit rating
Good
Gambling transactions allowed
No
Joint application
No
Minimum age
18 years old
Minimum income
$40,000
Minimum income for pensioners
Same as standard
Pensioners
Rewards program
Qantas Frequent Flyer
Temporary residents
Yes

Cardholders

Additional cardholders
99
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
$6,000
Maximum credit limit
$60,000

Repayments

Interest charged from
Statement date
Interest free period
Up to 55 days on purchases
Minimum repayment
3%

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.12 months0%90% of credit limit21.99% p.a.

Balance transfers to this card

Balance transfer earns rewards
No
Balance transfer fee payment due
First statement
Balance transfer from personal loan
No
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
90% of credit limit
Available to existing customers
No

Banks you can't balance transfer from

You can't balance transfer to the HSBC Platinum Qantas Credit Card at the promotional balance transfer rate from:

  • HSBC

Rates & fees

Promotional interest rates

Interest ratePeriodFeeLimitRevert rate
Balance transfers0% p.a.12 months0%90% of credit limit 21.99% p.a.
PurchasesN/AN/AN/AN/A N/A

Ongoing interest rates

MonthlyAnnually
Cash advances 1.83% 21.99% p.a.
Purchases 1.67% 19.99% p.a.

Fees

Annual fee
$0 p.a.
Annual fee 2nd year
$79 p.a.
Cash advance fee
3%
Dishonour fee
$30
Duplicate statement fee
$8
Foreign exchange fee
3%
Late payment fee
$30
Over limit fee
$30
Overseas ATM balance fee
$0
Overseas ATM withdrawal fee
$3
Overseas emergency card replacement fee
$0
Transaction verification fee
$0

Rewards & points

Cool stuff you can get with your points

Disclaimer: Points required accurate as of the 31st March 2018.

Rewards program basics

First purchase bonus
N/A
Reward points expiry
Never as long as you keep your account active
Rewards program
Qantas Frequent Flyer
Sign up bonus
N/A
Spend required for bonus points
N/A

Earning points with this card

Frequent flyer points
1 pt per $1 spent
Overseas earn rate
Same as standard earn rate
Points cap per month
7,500
Points cap per year
90,000
Points earned on ATO payments
0 pts per $1 spent
Reward points
1 pt per $1 spent

Additional benefits

Airport lounge access
No
Complimentary flight voucher
No
Concierge service
Yes

Minimum criteria for this card

What you need before applying

Be over 18 years old
You are a resident or citizen of Australia
Earn a regular income of more than $40,000 per year
Have a good credit history
You have your personal details ready to complete the online application
Have not applied for multiple credit cards recently
Temporary residents are eligible
Age Pension, Disability Pension, Overseas Pension, Veteran's Pension and Widower's Pension are acceptable.
Carer's Allowance, Child Support Payments, Family Tax Benefits and Parenting Payments and Foster Care Allowance are acceptable.
Joint applications are not allowed
Austudy and Youth Allowance are not acceptable.
Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

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