The HSBC Platinum Qantas Credit Card offers complimentary Qantas Frequent Flyer membership, saving you $99.50 on the usual joining fee if you're not a member yet. It also gives you access to complimentary domestic and international travel insurance and purchase insurance options. If you want to switch to this card, you could also transfer your existing card balance and get a 0% p.a. balance transfer rate for the first 12 months. But there is a 2% balance transfer fee and a higher rate after that.
HSBC Platinum Qantas Credit Card
Terms and conditions apply
- Purchase rate
- 19.99% p.a.
- Reward points per $ spent
- 1.5
- Annual fee for the first year ($399 p.a. thereafter)
- $0 p.a.
- Interest-free on purchases
- Up to 55 days
Our verdict
Offers 1.5 Qantas Points per $1 on eligible spending in the first year, which drops to 1 point per $1 after that.
Pros
-
Up to 1.5 Qantas Point per $1 spent
-
$0 first-year annual fee ($399 p.a. thereafter)
-
Complimentary travel insurance and purchase insurance benefits
-
0% p.a. on balance transfers for the first 12 months
Cons
-
Charges a 2% balance transfer fee
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Points cap of 120,000 per year
-
High 21.99% p.a. interest rate for balance transfers after the introductory period
Details
Product details
| Product Name | HSBC Platinum Qantas Credit Card |
| Balance transfer rate p.a. | 0% for 12 months with 2% balance transfer fee, then 21.99% |
| Balance transfer limit | 90% of available limit |
| Purchase rate p.a. | Purchase rate p.a.19.99% |
| Interest-free days | Up to 55 days on purchases |
| Cash advance rate p.a. | 21.99% |
| Min credit limit | $6,000 |
| Max credit limit | $25,000 |
| Card type | Visa |
Eligibility
| Available to temporary residents | No |
| Minimum income | $40,000 |
| Joint application | No |
Rewards
| Rewards program | Qantas Frequent Flyer |
| Bonus points | N/A |
| Rewards points per $ spent | 1.5 |
| Rewards points cap | 120,000 |
Fees
| Annual fee | $0 first year ($399 after) |
| Minimum monthly repayment | 3% of the closing balance or $20, whichever is greater |
| Late payment fee | $30 |
| Foreign currency conversion fee | 3% |
| Cash advance fee | 3% or $4, whichever is greater |
| Additional cardholder fee | $0 |
Your reviews
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Amy Finder
Journalist
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Sarah Megginson Finder
January 31, 2025
Hi Phil,
Yes, according to HSBC, this card’s annual fee will increase to $399 as of March 11, 2025.
Iggy
January 15, 2025
Do I need to set up a cash/ everyday account if applying for a credit card with HSBC?
Richard Whitten Finder
January 17, 2025
Hi Iggy,
I don’t believe so. You can, but you can also use another bank account and pay off the card balance via transfer or BPAY.
BRETT
November 25, 2024
Can I get my wife a card as well as an additional card holder?
Also If the first year annual fee is free can I cancel the card after 11 months and there will be now charges?
Richard Whitten Finder
November 26, 2024
Hi Brett,
Reading the fine print on the card, it seems to me that you could cancel after 11 months and avoid the fee.
As for the first question, you’re asking if your wife could be the additional cardholder on your card, and get a completely separate credit card of her own? It’s possible, and requires a separate application. As with any application, approval will be determined by your wife’s credit score, income, spending and how many other credit cards (or other debts) are in her name.
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Ashh
July 22, 2024
It says $0 for first year, so will the annual fee be charged to to me in the second year ?
Also Can you please help with a Qantas Points credit card with No annual fee that’s not AMEX ?
Thank you
Sarah Megginson Finder
July 29, 2024
Hi Ashh,
Yes that’s right, there is no fee changed in year one, but you’ll be charged a fee in your second year, usually in the first month. Right now, AMEX is the only card provider that offers a Qantas-earning card without an annual fee.
Hope this helps!
Ashh
July 15, 2024
When will I be charged the annual fee ? And If I cancel my credit card before one year can I skip the annual fee ?
Sarah Megginson Finder
July 16, 2024
Hi Assh,
You’re generally charged the annual fee as soon as you open the card. If you close the card before your first anniversary, you won’t pay the annual fee for next year.
Also, if you pay the fee and then close the card shortly afterwards (1-2 months), you can request a pro-rata discount for the remaining months of the year.
Hope this helps!
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Phil
January 31, 2025
Hi, I already have a HSBC Platinum Qantas credit Card and have been informed by HSBC that the annual fee will be increasing from $299 -$399 soon. Can you confirm this?