HSBC Platinum Qantas Credit Card

On website

HSBC Platinum Qantas Credit Card

Balance transfer

12 months at 0% p.a.

Purchase rate

19.99% p.a. ongoing

Annual fee

$0.00 for 1st year


  • Accrue 1 Qantas Point per $1 spent, up to $1,000 monthly; thereafter, earn 0.5 Qantas Points. Point accumulation capped at 7,500 per statement period.
  • Enjoy 0% p.a. for 12 months on balance transfers, with a 2% balance transfer fee. (Reverts to cash advance rate of 21.99% p.a.)
  • Includes complimentary travel insurance and purchase insurance.

Pros and cons


  • Earn up to 1 Qantas Point per $1 spent.
  • Comes with complimentary travel insurance and purchase insurance.
  • You get complimentary Qantas Frequent Flyer membership for free.
  • Add additional cardholders for free.
  • Up to 55 interest-free days.


  • There is a 2% BT fee.
  • Qantas Points are capped at 7,500 per statement period.
  • Ongoing annual fee of $299 p.a.
  • Ongoing interest rates are high.

About this credit card


Card usage

Apple Pay Enabled
Card Type
Gambling Transactions Allowed
Samsung Pay Enabled


Joint Application Accepted
Minimum Age
18 years
Minimum Credit Rating
Good, Very Good, Excellent
Minimum Income
Temporary Residents Accepted

Additional cardholders

Additional Cardholders
Additional Card Fee Ongoing

Credit limits

Minimum Credit Limit
Maximum Credit Limit


Interest Charged From
Statement date
Interest Free Period
Up to 55 days on purchases
Minimum Repayment Percentage

Balance transfers

Balance transfer offer

Balance Transfer Rate
Balance Transfer Period
12 months
Balance Transfer Fee Percentage

Balance transfer conditions

Balance Transfer From Personal Loan
Balance Transfer Limit Percentage
Balance Transfer Revert Rate

Rates, fees, charges

Cash advances

Cash Advance Rate
21.99% p.a.
Cash Advance Fee
Cash Advance Fee Percentage
Cash Advance Fee Threshold


Purchase Rate Introductory Offer
Purchase Rate Introductory Period
Purchase Rate Ongoing
19.99% p.a.

Account fees

Annual Fee Initial Year
Annual Fee Ongoing
Dishonour Fee
Duplicate Statement Fee
Foreign Exchange Fee Percentage
Late Payment Fee


Rewards program basics

Rewards Program
Qantas Frequent Flyer
Rewards Program Annual Fee Initial Year
Rewards Points Expiry
36 months

Rewards points per $1 spent

Domestic Rewards Points Earn Rate
Government Rewards Points Earn Rate
Overseas Rewards Points Earn Rate

Additional perks


Cardholder's Domestic Hotel Burglary Insurance
Cardholder's Extended Warranty Insurance
Cardholder's International Travel Insurance
Cardholder's Interstate Flight Inconvenience
Cardholder's Personal Item Theft Cover
Cardholder's Price Protection Insurance
Cardholder's Purchase Protection Insurance
Cardholder's Refund Protection
Cardholder's Transport Accident Insurance

Travel and lifestyle

Airport Lounge Access Included
Concierge Service Included
Complimentary Flight Voucher Included
Complimentary QFF Membership Included

Our review


Customer service

Rates and fees



Choosing the best Qantas Frequent Flyer credit card to suit your circumstances can be difficult. There are so many variables to consider. How many points are earned per dollar spent? Are points capped? Are there any sign-up bonus points on offer? Is it an Amex card, therefore not accepted everywhere or possibly subject to a surcharge? And how much is the annual fee?

Best take a look, then, at the HSBC Platinum Qantas Credit Card, which comes with one of the best available non-Amex combinations of points earning rate and annual fee. Its points cap is high enough for it never to be a problem, and the package contains all the usual platinum card benefits.

Complimentary Qantas Frequent Flyer membership

You need to be a Qantas Frequent Flyer member to earn your bonus Qantas Points. If you are not one already, you get a complimentary membership, priced at $99.50 at no extra cost.

A solid Qantas Points earn rate

You can earn 1 Qantas Point per $1 spent on eligible purchases up to $1,000 for each statement period. Once you cross that threshold, you earn 0.5 Qantas Points on eligible purchases, which are capped at 7,500 points per month.

This earning rate is good for a Visa or Mastercard (except for the very expensive cards issued by Qantas Money).

This card has a monthly cap of 7,500 Qantas Points ($12,500 of spending). This means that after spending $12,500 in any one month, no further Points can be earned in that month. That’s unlikely to trouble most cardholders.

The monthly $2,500 threshold is more annoying, beyond which the earning rate drops to 0.5 Qantas Points per dollar. Many cardholders will reach this monthly limit and see their earning rate fall in the last part of the statement period. However, many competing cards have similar restrictions.

Annual fee

The annual fee for the HSBC Platinum Qantas Credit Card is $299 p.a., which some might find relatively high compared to other credit card options. However, it's important to consider the card's benefits and rewards structure to determine whether the annual fee is justified based on your spending and travel habits.

Insurance benefits

HSBC have covered most bases with the card’s complimentary insurance policies. Here’s what’s included:

  1. Annual multi-trip international travel insurance for primary and supplementary cardholders and their families. It covers emergency medical expenses, unavoidable trip cancellation, flight delay, luggage and documents loss, damage or delay, rental vehicle insurance excess waiver, loss of income, and more.
  2. Annual multi-trip domestic flight travel insurance, covering unavoidable trip cancellation, flight delay, luggage loss, damage and delay, and rental vehicle insurance excess waiver.
  3. Transit accident insurance, providing cash compensation in the event of accidental injury on a plane or public transport, where the fare was paid with the card.
  4. Extended warranty insurance, doubling the warranty period on goods purchased with the card, up to a maximum of 12 extra months.
  5. Purchase protection insurance, providing 90 days of loss, theft and damage cover for goods purchased using the card.

The travel policies are activated by paying travel costs with the card. In the case of overseas travel, this means paying at least 90% of the return airfares of all travellers needing cover, and in the case of domestic travel, paying at least 90% of all fares plus accommodation.

Interest-free balance transfer for 12 months

Do you have an overdue balance on your current credit card? You might be paying interest at a rate of 20% per annum (or higher). With the new HSBC Platinum Qantas Credit Card, you can transfer that balance and enjoy 12 months of zero interest. This can save you a significant amount in interest charges. Please note, a 2% Balance Transfer fee applies.

Up to 55 days interest-free

After you’ve repaid your transferred balance, or immediately if you don’t have one, there’s an accommodating 55-day billing cycle, 11 days longer than the 44 days applied by some cards. This means that you’ll get up to 55 days interest-free each month, depending on the timing of your purchases. You pay the ongoing purchase interest rate of 19.99% p.a. on any balances remaining beyond the interest-free period.

Visa Premium Benefits

Because it’s a Visa Platinum card, certain perks are automatic. They include the Visa Premium Concierge Service for worldwide lifestyle advice and assistance, just a phone call or mouse click away. The best seats in the house for concerts and the theatre are assured, even before they go on sale to the general public. Plus, you’ll have access to travel and accommodation discounts just for being a Visa Platinum cardholder.

HSBC Instant savings

There’s yet another built-in benefit. You’ll receive free membership of the Frequent Values program, giving you access to ongoing discounts for more than 4,500 offers from supermarkets, petrol stations, restaurants, department stores, entertainment and hotel accommodation.

Is the HSBC Platinum Qantas Credit Card worth it?

With an earn rate that drops after the first $2,500 spent each month, this isn't a card for big spenders. But if you are happy to see your Qantas Points balance climb steadily, this card is worth serious consideration.


Reviewed by Credit Card Compare Staff

User reviews


Customer service

Rates and fees



Perfect for Qantas points

Reviewed by R

Great rewards and security

Reviewed by Paul

OK if you can use QFF points

Reviewed by Chris

No fuss to join, excellent personalised service.

Reviewed by Graham

HSBC = Paranoia!

Reviewed by J

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