Platinum Qantas Credit Card

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Basic

Card Level
Card Level
Platinum
Interest Free Days
Interest Free Days
55
Maximum credit limit
Maximum credit limit
No set max
Minimum credit limit
Minimum credit limit
$6,000
Minimum repayment dollars
Minimum repayment dollars
$20
Minimum repayment percent
Minimum repayment percent
3
Number free supplementary
Number free supplementary
5
Annual Fee
Annual Fee
$199
Late Payment Fee
Late Payment Fee
$30
Over limit fee
Over limit fee
$30
Duplicate statement fee
Duplicate statement fee
$8
Supplementary card annual fee
Supplementary card annual fee
$0
Apple Pay available
Apple Pay available
Google Pay available
Google Pay available
Samsung Pay available
Samsung Pay available
Card Level
Card Level
Platinum
Interest Free Days
Interest Free Days
55
Maximum credit limit
Maximum credit limit
No set max
Minimum credit limit
Minimum credit limit
$6,000
Minimum repayment dollars
Minimum repayment dollars
$20
Minimum repayment percent
Minimum repayment percent
3
Number free supplementary
Number free supplementary
5
Annual Fee
Annual Fee
$199
Late Payment Fee
Late Payment Fee
$30
Over limit fee
Over limit fee
$30
Duplicate statement fee
Duplicate statement fee
$8
Supplementary card annual fee
Supplementary card annual fee
$0
Apple Pay available
Apple Pay available
Google Pay available
Google Pay available
Samsung Pay available
Samsung Pay available

Rates

Purchase Rate
Purchase Rate
19.99%
Cash advance rate
Cash advance rate
21.99%
Purchase Rate
Purchase Rate
19.99%
Cash advance rate
Cash advance rate
21.99%

Balance Transfer

Balance Transfer Rate
Balance Transfer Rate
0%for 12 months then 21.99%
Transfer Limit
Transfer Limit
95%of the chosen credit limit
Balance Transfer Fee
Balance Transfer Fee
$100
Balance Transfer Rate
Balance Transfer Rate
0%for 12 months then 21.99%
Transfer Limit
Transfer Limit
95%of the chosen credit limit
Balance Transfer Fee
Balance Transfer Fee
$100

Overseas spending

Foreign Exchange Fee
Foreign Exchange Fee
3% on Visa
Overseas charges
Overseas charges
$4
Estimated ATM Cost
Estimated ATM Cost
$13for AU $300 withdrawal
Foreign Exchange Fee
Foreign Exchange Fee
3% on Visa
Overseas charges
Overseas charges
$4
Estimated ATM Cost
Estimated ATM Cost
$13for AU $300 withdrawal

Rewards

Program name
Program name
Qantas Frequent Flyer
Rewards Available
Rewards Available
Gift Card, Domestic Flights, International Flights
Program name
Program name
Qantas Frequent Flyer
Rewards Available
Rewards Available
Gift Card, Domestic Flights, International Flights

Eligibility

Minimum age
Minimum age
18
Minimum income
Minimum income
$40,000
Eligibility conditions
Eligibility conditions
Minimum age
Minimum age
18
Minimum income
Minimum income
$40,000
Eligibility conditions
Eligibility conditions

Earn Rates

RateCard TypeEarnsCondition
1 point for $1 spentVisaUp to $2,500 monthlyeligible domestic and international purchases
0.5 points for $1 spentVisaUp to $15,000 monthlyeligible domestic and international purchases

Perks

  • Concierge
  • Extended WarrantyThere is a $200 excess for each claim
  • Free Domestic Travel Insurance
  • Free International Travel Insurance
  • Partner Discounts
  • Free Travel Insurance Days
  • Price GuaranteeIf you purchase personal goods in Australia and then find the same product advertised later at a cheaper price, you can claim back the difference if it is more than $75.
  • Purchase ProtectionCovers with a $100 excess
  • Rental Car Excess Insurance
  • Free Supplementary Cards

Features

The HSBC Platinum Qantas Credit Card has a moderately high interest rate, a moderately high annual fee and a moderate number of interest-free days. It also comes with a moderate minimum credit limit.

Cardholders can earn points for spending on this card as part of the Qantas Frequent Flyer programs. Points can be redeemed for flights, upgrades and other purchases through the Qantas store. Customers can also earn bonus points on eligible purchases if certain spending thresholds are met.

Complimentary insurance benefits with this card include domestic and international travel insurance, rental car cover, transit accident insurance, extended warranty insurance, guaranteed pricing cover and purchase protection insurance.

Balance transfers to the HSBC Platinum Qantas Credit Card come with a 0 per cent interest rate for a limited time. Five supplementary cards are also allowed at no extra cost.

Pros
  • Qantas Frequent Flyer program
  • Bonus points offer
  • Complimentary insurance
Cons
  • Moderately high interest rate
  • Moderately high annual fee
  • Overseas spending fee charged

Who is it good for?

This card might suit Qantas Frequent Flyer members who travel often, spend frequently and are able to pay off their credit card balance each month. Although the rewards program and complimentary insurance would be beneficial to travellers, this card also comes with international spending fees – so it isn’t particularly suitable for using while overseas.

Those wishing to add a supplementary cardholder (such as couples and families) might benefit from the HSBC Platinum Qantas Credit Card’s allowance for five additional cardholders at no extra cost.

Additionally, people thinking about transferring existing debt could take advantage of this card’s introductory balance transfer deal.

However, because this card has a moderately high interest rate and annual fee, it isn’t especially suitable for people who sometimes struggle to clear their debt on a monthly basis.

What RateCity says

The HSBC Platinum Qantas Credit Card offers a range of advantages for a relatively wide customer base – the ability to earn frequent flyer points, a balance transfer offer, complimentary insurance and a variety of other perks.

Likewise, the allowance for five free additional cardholders is quite generous in comparison to some other comparable cards.

However, it also comes with a moderately high interest rate and annual fee – as is standard for a rewards card – so it’s important to weigh up the potential benefits against the risk of accruing added debt.

If you want a credit card but really need to cut down on costs, it might be worth having a look at some of the other cards on the market that are geared towards budget cardholders (and tend to have lower rates and fees).

Applying/eligibility

To be eligible for the HSBC Platinum Qantas Credit Card, you need to be at least 18 years of age, have a good credit rating and earn at least $40,000 a year. To apply, you’ll need to provide personal details, proof of ID, employment details and proof of reliable income such as bank statements or payslips. Applications can be completed in around 10 minutes online or by visiting an HSBC branch in person.

About HSBC Bank

HSBC Bank Australia is part of the London-headquartered HSBC Group – one of the largest banking and financial services organisations in the world. Their range of personal finance products include credit cards, savings accounts, investments, insurance, mortgages and personal loans, among others. HSBC’s banking services are available through their online banking portal, mobile banking app and in-branch. Customer support is available by phone, email, on Twitter or by visiting a branch.

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