Premier World Mastercard (Qantas Rewards)
Bonus PointsEarn up to 40,000 bonus Qantas Points
- Last updated on 12 Jul 2020
Balance Transfer Rate
Max Free Days
- Free domestic travel insurance
- Free international travel insurance
- Free supplementary cards
- Purchase protection insurance
- Price guarantee
- Extended warranty
- Rental car excess insurance
- Partner discounts
Number free supplementary
Interest Free Days
Interest Free Days
Maximum credit limit
No set max
Late Payment Fee
Minimum credit limit
Over limit fee
Minimum repayment dollars
Duplicate statement fee
Minimum repayment percent
Supplementary card annual fee
Cash advance rate
Balance Transfer Rate
Balance Transfer Rate
of the approved credit limit
Balance Transfer Fee
Foreign Exchange Fee
2% on Mastercard
Estimated ATM Cost
Qantas Frequent Flyer
Gift Card, Domestic Flights, International Flights, Flight Upgrades, Qantas Shop, Qantas Hotels
|1 point for $1 spent||Mastercard||Up to $10k monthly||eligible purchases|
- FREE DOMESTIC TRAVEL INSURANCE
- FREE INTERNATIONAL TRAVEL INSURANCE Cover lasts for 120 days per year
- FREE SUPPLEMENTARY CARDS
- PURCHASE PROTECTION INSURANCE 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
- Bonus Points Earn up to 40,000 bonus Qantas PointsEarn 20,000 bonus Qantas Points when you spend $3,000 or more on eligible purchases within 90 days of card approval. Earn a further 20,000 bonus Qantas Points after your first card anniversary.
Compare and review credit cards with similar features
American Express Qantas American Express Ultimate Card
Bonus PointsReceive 55,000 bonus Qantas Points when you apply online, are approved and spend $3,000 on your new Card within the first 3 months. Offer available to new American Express Card Members only
HSBC Bank Australia Ltd (HSBC) is part of the HSBC Group - one of the largest banking and financial services organisations in the world. The Australian arm is a subsidiary of The Hong Kong and Shanghai Banking Corporation Limited and also part of the HSBC Group.
Their offices and branches can be found on five continents. Operations in Australia include trade finance, electronic banking, investments, securities custodies and personal financial services.
Their full range of personal finance currently includes savings accounts, credit cards, investments, insurance, mortgages and personal lending.
HSBC customers can reach customer support by contacting them via:
- Customer service (phone, email, branch)
- Mobile app
- Online banking
- Mobile banking staff
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.
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.
Property Personal Finance Writer
A property and personal finance writer, Nick Bendel covers property, loans, credit cards, superannuation, and other bank products. Nick has previously written for The Adviser, Mortgage Business, Lifehacker, Business Insider, Yahoo Finance, and InvestorDaily, and loves getting elbow-deep in the latest ABS, APRA and RBA data.