HSBC Platinum Qantas Credit Card – Rate and Fees

Information verified correct on September 23rd, 2016
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Earn 60,000 bonus Qantas Points when you apply for the HSBC Platinum Qantas Credit Card before 31 December 2016 and meet the minimum spend requirement.

The HSBC Platinum Qantas Credit Card is an option if you want platinum credit card features without all of the costs. You’ll earn 1 Qantas Point per $1 spent in Australia and up to $2,500 spent per statement period plus the opportunity to earn points on purchases overseas. Also receive peace of mind courtesy of complimentary insurance covers.

Product NameHSBC Platinum Qantas Credit Card
Rewards ProgramQantas Frequent Flyer
Purchase rate (p.a.)19.99% p.a.
Offer end date31 December 2016
Annual fee$199 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Cash advance rate (p.a.)21.99% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
Minimum Monthly Repayment3% or $20 whichever is higher
Minimum Income$40,000
Card TypeVisa
Late Payment Fee$30
Foreign Currency Conversion Fee (VISA)3% of transaction value
Complimentary Travel InsuranceYes
Complimentary Travel Insurance Cover4 months
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Income$40,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
Annual Fee$199 p.a.
Minimum Repayment3% or $20 whichever is higher
Late Payment Fee$30
Over Limit Fee$30
Cash Advance FeeThe higher of $4 or 3.0% of the total transaction amount
Overseas Cash Advance FeeThe higher of $4 or 3.0% of the total transaction amount
Overseas Emergency Replacement$0
Overseas ATM Withdrawal Fee$4.50
Foreign Currency Conversion Fee (VISA)3% of transaction value
Gambling Transactions AllowedYes
Gambling Transactions Interest RateCash Advance Rate
Additional Cardholder Fee$0 p.a.
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
  • Receive 60,000 bonus points on eligible spend within 3 months of receiving your card.
  • Complimentary membership to the Qantas Frequent Flyer program saving you $89.50.
  • This card offers a range of benefits including complimentary insurance covers for your piece of mind while abroad.
  • The 19.99% p.a. interest rate charged on purchases is expensive compared to other cards on the market.
Rewards ProgramQantas Frequent Flyer
Bonus Points on Sign-up60,000
Rewards Points per $ (VISA/MC)1
Rewards Points per $ (AMEX)0
Rewards Points per $ (VISA/MC) Cap2,500
Rewards Points per $ (AMEX) CapN/A
Points ExpiryNever

HSBC Platinum Qantas Credit Card review

If you’re in the market for a platinum credit card that earns Qantas Points, it’s almost impossible to avoid paying an annual fee. The HSBC Platinum Qantas Credit Card has an annual fee of $199. This card is a direct earn Qantas Frequent Flyer card and you can look forward to 60,000 bonus Qantas Points when you meet the spend requirement. Earn 1 Qantas Point per $1 spent on eligible purchases.

The offer of 60,000 bonus points is only available to new HSBC Credit Card holders who apply by 31 December 2016, are approved and spend $3,000 on eligible purchases within 3 months of receiving their card.

Benefits of the HSBC Platinum Qantas Credit Card

    • Complimentary Qantas Frequent Flyer Membership. This product is linked directly to the Qantas frequent flyer program. Any eligible spend on the card earns Qantas Points for your membership account. If you’re not a Qantas Frequent Flyer member yet, HSBC Platinum Qantas Credit Card customers can complete an online Frequent Flyer application form via the Qantas website to receive your complimentary Frequent Flyer membership (valued at $82.50).
    • Qantas Points earn rate. Earn 1 Qantas Point per $1 spent on eligible purchases in Australia and overseas. This includes purchases made on an overseas website if you’re shopping online with this card. Purchases made in a foreign currency will attract a currency conversion fee of 3%. There is a points earning cap of $2,500 per statement period and 0.5 points will be earned per $1 spent thereafter.
    • 60,000 Qantas Points sign up bonus. Apply for the HSBC Platinum Qantas Credit Card before 31 December 2016 to get 60,000 bonus Qantas Points. To get the bonus points, you need to spend a minimum of $3,000 on eligible purchases within three months of opening the account. 
  • Complimentary international travel insurance. There are a number of covered events and exclusions. This account offers unlimited cover for hospital and medical expenses if you’re sick or injured, and up to $20,000 cover for personal belongings. Check the policy document for further information about this cover. Transit accident insurance is also an included benefit with this account. It provides financial compensation if you or your family suffer injury or death while travelling overseas as a passenger in a vehicle.

Activating the travel insurance

The complimentary international travel insurance is automatically activated when you meet the policy eligibility requirements. You need to purchase your return overseas travel ticket on your HSBC Platinum Qantas Credit Card to activate the international travel insurance.

Features of the HSBC Platinum Qantas Credit Card

  • Annual fee. This card charges $199 annual fee.
  • 60,000 Qantas Points. Receive a sign up bonus if you apply before 31 December 2016, are approved and spend $3,000 on eligible purchases within 3 months of receiving your card.
  • Earn Qantas Points. Earn 1 Qantas Point per $1 spent on eligible purchases in Australia and overseas.
  • Extended warranty insurance. Purchase a ‘covered product’ with the HSBC Platinum Qantas Credit Card and the Australian manufacturer’s warranty is automatically doubled (up to 12 months).
  • Purchase protection insurance. Purchase a ‘covered product’ and this policy covers the item against loss, damage and theft.
  • Guaranteed pricing. This benefit will refund the difference in price if you purchase an item with the card and you see it in a different store for less.
  • Interest-free days. 55 interest-free days on purchases if you pay your account in full each month.
  • Qantas Points earnings. Earn Qantas Point faster by adding an additional cardholder to your account for $0.
  • Fraud protection. You’re not liable to pay for any fraudulent transactions detected on the account.
  • Access to Visa payWave. You have access to Visa payWave which allows you to simply tap your card against a contactless reader and pay for your purchases under $100.
  • Visa Card scheme benefits. Visa cardholders get access to Visa Privileges like discounts at international hotels.

How to apply for the HSBC Platinum Qantas Credit Card

Complete the online application in about ten minutes. Once you submit the application, HSBC will be in contact within a matter of minutes to confirm the status of your application.

Eligibility criteria

Before you apply, make sure you meet the following eligibility criteria:

  • Minimum income requirement of $40,000 p.a.
  • Be over 18 years of age
  • Have a good credit rating
  • Be an Australian resident

Required documents

To ensure that your application for the card runs smoothly, have the following information ready:

  • Personal details, like drivers licence number
  • Information about your income and details about your employment situation
  • Details about your assets and liabilities

Frequently asked questions

What transactions are considered eligible purchases?

To get your bonus Qantas points and Qantas lounge access, you need to make an eligible purchase on the card in the first three months. An eligible purchase is an everyday purchase and excludes transactions like interest-free promotions, balance transfers, cash advance charges, BPAY and government charges and business expenses.

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508 Responses to HSBC Platinum Qantas Credit Card – Rate and Fees

  1. Default Gravatar
    Bruce | September 22, 2016

    What is the definition of eligible purchase? Are rent and mortgage considered as eligible purchase?

    • Default Gravatar
      | September 23, 2016

      Hi Bruce,

      Thanks for your inquiry.

      You may need to speak directly to HSBC to verify if they accept these types of payments. Eligible purchases are usually from everyday transactions and excludes transactions like interest free promotions, balance transfers, business expenses, cash advances, fees or charges, any disputed transactions, and any government fee or charge.

      I hope this helps,


  2. Default Gravatar
    Patrick | September 1, 2016

    If the offer for 40,000 points still valid? (As it is now after the 31/08)

    • Staff
      Anndy | September 1, 2016

      Hi Patrick,

      Thanks for your question.

      There is a new ongoing offer for HSBC Platinum Qantas Credit Card which allows you to earn 60,000 bonus Qantas Points if you meet the eligibility criteria. This offer is available to new customers who apply by 31 December 2016.


  3. Default Gravatar
    Jenny | August 23, 2016

    Is the $40,000 per year annual income requirement mean taxable income, or just your total income?

    • Staff
      Anndy | August 23, 2016

      Hi Jenny,

      Thanks for your question.

      The annual income requirement of $40,000 refers to your total gross income and not taxable income.


  4. Default Gravatar
    Mal | August 15, 2016

    Can you get additional/supplementary cards -and of so is there an additional fee and is there a limit on the number of additional cards on the one account? We want about 7 cards.

    • Staff
      May | August 15, 2016

      Hi Mal,

      Thanks for your inquiry.

      With HSBC Platinum Qantas Credit Card, there is actually no additional cardholder fee, but other fees and charges may apply. You may have to get in touch with HSBC directly to verify if you can have more than one additional cardholders.


  5. Default Gravatar
    Elisabeth | June 15, 2016

    Looking to change my current Platinum) card to your card. If i get a card and have an additional cardholder-will that card holder also get FF points as a holder of his own FF membership?

    • Staff
      Anndy | June 16, 2016

      Hi Elizabeth,

      Thanks for your comment.

      I would like to clarify that is a financial comparison and information service and is not a credit card company.

      With HSBC Platinum Qantas Credit Card, an additional cardholder is not eligible for Qantas membership in their own right but will earn Qantas Points that will accrue to the main cardholder’s program account.

      I hope this answers your question.


  6. Default Gravatar
    Sandra | May 5, 2016

    I already have an HSBC credit card that I have never used. Can I transfer this credit card over to the Platinum Qantas Credit Card? Or would this have to be a completely separate application? I am concerned that I will not be accepted because my current HSBC card has quite a big credit limit ($25k I think).

    • Staff
      May | May 5, 2016

      Hi Sandra,

      Thanks for your inquiry.

      To be able to get an HSBC Platinum Qantas Credit Card, you need to go through the process of application for the card. To apply, please click on the ‘Go to site’ green button to head over to HSBC’s website. Though please keep in mind that you cannot do any balance transfer to this card from your existing HSBC credit card.


  7. Default Gravatar
    Keiran | May 4, 2016

    Is there a cap on the amount of points you can build up?

    • Staff
      Anndy | May 4, 2016

      Hi Keiran,

      Thanks for your comment.

      With HSBC Platinum Qantas Credit Card, you will earn 1 Qantas point per $1 spent on eligible purchases until the cap of $2,500 per statement period. Thereafter, you will earn 0.5 point per $1 spent.

      I hope this answers your question.


  8. Default Gravatar
    Sandra | May 4, 2016

    Does this card include free membership to Qantas frequent flyer program?

    • Staff
      May | May 4, 2016

      Hi Sandra,

      Thanks for your inquiry.

      In the HSBC fine prints, it states that your membership with Qantas frequent flyer program is subject to the terms and conditions of Qantas FF program. And Qantas T&Cs state that members must apply for Membership and pay any applicable joining or other fees.

      For your reference, I’ve sent to your email the link to Qantas T&Cs.


  9. Default Gravatar
    Fernando | April 27, 2016

    Hi, once I have made the minimum spend and paid back the full balance, when are the 40,000 bonus points credited to my account?

    • Staff
      Sharon | April 27, 2016

      Hi Fernando,

      Thanks for your inquiry.

      The 40,000 bonus Qantas Frequent Flyer points will ordinarily be credited to your account within 2 months of making an eligible purchase.

      I hope this has answered your question.


  10. Default Gravatar
    Peter | April 20, 2016

    Hi, with the HSBC Platinum Qantas Credit Card do I get any complimentary passes into a Qantas Club Lounge?

    • Staff
      Sharon | April 20, 2016

      Hi Peter,

      Unfortunately, HSBC Platinum Qantas credit card no longer offer this benefit. You can compare credit cards with complimentary air lounge access on this page.

      I hope this helps.


Credit Cards Comparison

Rates last updated September 23rd, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
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Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
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ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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