Important disclosure
Pros and cons
For Premier World Mastercard (Qantas Rewards)
Benefits
- Rewards Available through Qantas Frequent Flyer
- No Annual Fee
- Domestic travel insurance
- International travel insurance
- Free supplementary cards
- Price guarantee
- Extended warranty
- Rental car excess insurance
- Partner discounts
- Purchase protection insurance
Drawbacks
- Higher than average ongoing variable purchase rate
HSBC Rate Credit card overview
For Premier World Mastercard (Qantas Rewards)
Details
Card Level Premium | Card Type MasterCard |
Interest Free Days 55 | Minimum monthly repayment 3% or $20 |
Minimum credit limit $10k | Maximum credit limit No set max |
Free supplementary cards | Instant Approval |
Target Market Determination Visit HSBC Bank Australia Limited to view Target Market Determination. |
Fees
Annual Fee $0 | Annual Fee Spend Waiver |
Supplementary card annual fee $0 | Late Payment Fee $30 |
Over limit fee $30 | Duplicate statement fee $8 |
Electronic Wallet Service
Important Rates
Rates
Purchase Rate 19.99% p.a |
Cash advance rate 21.99% |
Cash advance fee 3% or $4 |
Balance Transfer
Balance Transfer Rate 21.99% p.a |
Transfer Limit 95% of the approved credit limit |
Balance Transfer Fee |
Overseas spending
Foreign Exchange Fee 3% on Mastercard |
Overseas charges $4 |
Estimated ATM Cost $13 for AU $300 withdrawal |
Rewards
Program name Qantas Frequent Flyer |
Rewards Available Gift Card, Domestic Flights, International Flights, Flight Upgrades, Qantas Shop, Qantas Hotels |
Eligibility
Minimum age 18 |
Minimum income $40k |
Eligibility conditions - |
Residency Australia Citizen, Permanent Resident |
Perks
- DOMESTIC TRAVEL INSURANCE
- INTERNATIONAL TRAVEL INSURANCE Cover lasts for 120 days per year
- FREE SUPPLEMENTARY CARDS
- 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
- PURCHASE PROTECTION INSURANCE Covers with a $100 excess