HSBC Premier World Mastercard Qantas

Name: HSBC Premier World Mastercard Qantas
Brand: HSBC

Data last updated 17 July 2026

19.99%

Purchase rate

Annual fee

55 days

Interest-free

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29Basic

Basic

Overall score, out of 100 · How this works

55 days interest-free35
Balance transfer50
Frequent flyer22
No annual fee27
Qantas Points22
Rewards21

Customer reviews

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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.).
No annual fee.
No fee to add an additional cardholder.

Worth noting

The annual fee increases from $0 to $399 in the second year.
The 19.99% p.a. purchase rate sits above the 18.99% p.a. median if you carry a balance.
Earns 1 point per $1 on everyday spend, around the dataset average.
Points earning is capped at 120,000 points a year.

Card details

The basics

Additional cardholder fee: $0 p.a.
Card tier: Standard
Card type: Mastercard
Card use: Personal
Credit limit: $10,000 – $500,000
Credit rating: Good
Rewards program: Qantas Frequent Flyer

Eligibility

Instant approval: No
Joint application: No
Minimum age: 18 years old
Minimum income: $75,000 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: No annual fee
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 pt per $1
Bonus categories: None
Other purchases: None
Overseas spend: None
ATO/government: None
Reduced rate above monthly cap: None
Points cap: Maximum 120,000 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.

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

Interest-free days55 daysTop 10% (6th of 191 cards)

Rewards value$432 a yearTop 25% (12th of 94 cards)

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

Overseas fee3.00%Better than most (53rd of 199 cards)

Purchase rate19.99%Middle of the market (97th of 195 cards)

Annual fee$399 a yearAmong the most expensive (184th of 199 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