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Premier World Mastercard (Qantas Rewards)



Electronic Wallet Service

Important Rates


Balance Transfer

Overseas spending



Earn Rates

RateCard TypeEarnsCondition
1 point for $1 spentMastercardUp to $10,000 monthlyeligible purchases
  • Free Domestic Travel Insurance
  • Free International Travel Insurance Cover lasts for 120 days per year
  • Free Supplementary Cards
  • Purchase Protection Covers with a $100 excess
  • Price Guarantee If 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.
  • Extended Warranty There is a $200 excess for each claim
  • Rental Car Excess Insurance
  • Partner Discounts


The HSBC Premier World Mastercard offers a credit card with complimentary Qantas Frequent Flyer membership for a moderate annual fee.

It comes with a moderate number of interest-free days and a moderately high interest rate. And there is no fee for additional cardholders.

Features of this credit card include a range of complimentary insurances for travel and purchases.

As a cardholder, you get a membership to the ‘home&Away’ privilege program, where you can access discounts and exclusive offers from more than 27,000 merchants worldwide.

The card allows you to earn HSBC Qantas Points via the Qantas Frequent Flyer program. And you have the option of using Apple Pay on compatible devices for transactions.

This card also qualifies you for free membership to Frequent Values by Entertainment, a program that provides deals on shopping, dining and travel experiences.

  • HSBC Qantas Rewards
  • Complimentary insurance
  • Free additional cardholders
  • Annual fee charged
  • Late payment fee charged
  • High cash advance interest rate

Who is it good for?

The HSBC Premier World Mastercard might suit some Qantas Frequent Flyer members. As a cardholder, you receive complimentary Qantas Frequent Flyer membership. Eligible transactions earn you HSBC Qantas Points that are redeemable as per the conditions of the Qantas Frequent Flyer program.

If you’re not interested in earning Qantas Points or travelling much, this card may not be your best option.

Features such as complimentary insurance apply to domestic and international travel. And using the card instead of cash could earn you extended warranties and price guarantees.

Being part of the World Mastercard program provides a broader range of travel benefits. This includes a global emergency and personal concierge service.

Whether you’re abroad or at home, the HSBC Premier World Mastercard lets you access emergency cash in advance, as well as next-day card replacement if your card is lost or stolen. 

What RateCity says

The HSBC Premier World Mastercard is one of the more expensive credit cards available. It has a similar offering to other providers in terms of Qantas Points and travel insurances.

One item not provided by this card that some competitors include is complimentary airport lounge access.

It provides free membership to the Qantas Frequent Flyer program (if you don’t already have it). However, you do pay a moderate annual fee to access the benefits of the card.

Savings and discounts on shopping, travel and entertainment are provided through a range of associated programs.

The credit card comes with Apple Pay for compatible devices. And the account can be managed online.

No balance transfers are available for the HSBC Premier World Mastercard, so if you decided to bring a balance across from another card, the cash advance interest rate would apply.


If you’re not an existing HSBC customer or are an existing customer without personal internet banking, you need to apply over the phone or in a branch. If you’re an existing HSBC Australia customer with personal internet banking, you can apply for this card online. To apply, you would need to provide identification and evidence of your income and living expenses. You may need to provide the credit limit on any credit cards or loans you have. 

About HSBC

HSBC is one of the world’s largest banking and financial services organisations. It has around 38 million customers in 67 countries and territories. HSBC Finance Company Limited was established in Australia in 1965. It changed its name to the HongkongBank of Australia Limited and then became HSBC Bank Australia Limited in 1986. It offers a wide range of banking products and services to the retail, commercial, corporate and institutional sectors through a network of 36 branches and offices.

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