HSBC Platinum Qantas Credit Card

Name: HSBC Platinum Qantas Credit Card
Brand: HSBC
Rating: 3.4 (4 reviews)

4 reviews

Data last updated 20 July 2026

19.99%

Purchase rate

$399

Annual fee

55 days

Interest-free

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CardIQ

37Basic

Basic

Overall score, out of 100 · How this works

55 days interest-free35
Balance transfer50
Frequent flyer32
Qantas Points32
Rewards32
Travel39

Customer reviews

3.4

Based on 4 reviews

Opinion was divided on rewards, fees and day-to-day use.

JDoesn't recommend

Having recently applied online for this card I have to say that HSBC paranoia is perhaps the most extreme that I’ve ever experienced.Having dutifully completed every question on the online application and then uploaded a recent salary slip as they requested, I thought that my…

ChrisRecommends

OK if you can use QFF points

There are decent QFF reward points. The interest rate is high though. I would recommend it if you have a use for QFF points. Otherwise, opt for a low rate card instead.Service is pretty good. Their online banking is secure, but a bit annoying with the two passwords you need to…

PaulRecommends

Great rewards and security

This HSBC card is a highly valuable and useful card. I enjoy using this card for online shopping and groceries. Payment is easy. Also, the security of using the card is great. It has the feature of primary and secondary passwords. Visa payWave is very convenient when payment is…

RRecommends

Perfect for Qantas points

I love this card. I just need a new chip on it so I can do payWave easily. It’s a great way to accumulate Qantas Frequent Flyer points by spending on everyday items.I would pick this card any day, but it does have high annual fees, so beware of the sting. Great card otherwise…

Pros & cons

What's good

12 months at 0% p.a. on balance transfers, longer than the 12-month median (2% transfer fee, reverts to 21.99% p.a.).
Complimentary travel insurance and purchase protection.
No fee to add an additional cardholder.

Worth noting

The $399 annual fee is high for a Platinum card, where the typical fee is about $155.
The 19.99% p.a. purchase rate sits above the 18.99% p.a. median if you carry a balance.
Points earning is capped at 180,000 points a year.
3% foreign transaction fee on overseas spending.

Card details

The basics

Additional cardholder fee: $0 p.a.
Card tier: Platinum
Card type: Visa
Card use: Personal
Credit limit: $6,000 – $500,000
Credit rating: Good
Rewards program: Qantas Frequent Flyer

Eligibility

Instant approval: No
Joint application: No
Minimum age: 18 years old
Minimum income: $40,000 p.a.
Residency: Australian citizen or permanent resident
Temporary residents: Not eligible

Rates & fees

Ongoing interest rates

Cash advances: 21.99% p.a.
Purchases: 19.99% p.a.

Fees

Additional cardholder fee: $0
Annual fee: $399 p.a.
Annual fee (year 2+): $399 p.a.
Cash advance fee: 3% of the amount
Foreign transaction fee: 3%
Late payment fee: $30

Repayments

Interest-free period: Up to 55 days on purchases
Minimum repayment: 3% of the closing balance or $20, whichever is greater

Balance transfers

Can't transfer from: HSBC
Limit: Up to your available credit limit
Period: 12 months
Promotional rate: 0% p.a.
Revert rate: 21.99% p.a.
Transfer fee: 2%

While you carry a transferred balance you may not receive interest-free days on new purchases.

Introductory purchase offer

This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.

Rewards

Earn rate

Everyday spend: 1.5 pts per $1
Bonus categories: None
Other purchases: None
Overseas spend: None
ATO/government: None
Reduced rate above monthly cap: None
Points cap: Maximum 180,000 points per year
Points expiry: Points don't expire while your account is open and in order.

Sign-up bonus

Bonus spend required: —
Sign-up bonus: —

Where these points could take you

Flights you could book with the sign-up bonus plus a year of spending $3,000 a month on this card. One-way from Sydney or Melbourne, one adult, before taxes and carrier charges. Award prices and seat availability change.

Complimentary insurance

Cover has conditions and exclusions, which are set out in the issuer's PDS. A missing row means we haven't captured that figure, not that the cover is absent.

Overseas travel

Activation: Prepay part of the trip on the card
Activation spend: $500
Cover limit: $20,000,000
Excess: $400
Maximum trip length: 120 days
Not covered: Pre-existing conditions, unless the insurer agrees in writing
Underwriter: Allianz Australia Insurance Limited

Rental vehicle excess

Activation: Book with the card and take the hire company's waiver
Cover limit: $6,000
Excess: $200
Voids cover: Unsealed roads, drink driving, a driver not on the agreement
What it pays: The hire company's excess, not the vehicle

Purchase protection

Activation: Pay for the item with the card
Annual limit: $100,000
Cover period: 90 days
Excess: $100
Not covered: Cash, consumables and animals
Per-item limit: $10,000
Voids cover: Leaving the item unattended in a public place
What it pays: Theft, loss and accidental damage

Extended warranty

Activation: Pay with the card for an item under manufacturer's warranty
Annual limit: $10,000
Excess: $200
Not covered: Anything the manufacturer's warranty already excluded
Per-item limit: $10,000
What it pays: Mechanical failure once that warranty ends

Where this card sits vs similar cards

Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.

FeatureThis cardWhere it ranks

Rewards value$648 a yearTop 10% (4th of 95 cards)

Interest-free days55 daysTop 10% (6th of 192 cards)

Balance transfer0% for 12 monthsTop 25% (15th of 62 cards)

Overseas fee3.00%Better than most (53rd of 200 cards)

Purchase rate19.99%Middle of the market (97th of 196 cards)

Annual fee$399 a yearAmong the most expensive (185th of 200 cards)

Data as at August 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.

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Questions and answers

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Sources

Credit Card Compare: Australian credit card statisticsHow CardIQ scores cards
Government: Product reference data (Consumer Data Right)
Issuer: HSBC
Program: Qantas Frequent Flyer