The HSBC Platinum Qantas credit card earns Qantas Points on eligible spend and offers 0% p.a. Balance Transfer for 12 months and $0 annual fee in the first year ($399 afterwards) for new cardholders.
New cardholders will be able to earn 1.5 Qantas Points per $1 spent on eligible purchases up to $120,000 in the first 12 months after the account opening date. You will then earn 1 Qantas Point per $1 spent up on eligible purchases up to $120,000 in each 12-month period. This offer only available to new HSBC Cardholders.
Digging into the details
Card Details
| Card | HSBC Platinum Qantas Credit Card |
| Loyalty program | Qantas Frequent Flyer |
| Points earned from spend | Earn 1.5 Qantas Points for every $1 spent on eligible purchases up to $120,000 (first 12 months) Earn 1 Point for every $1 spent up to $120,000 annually thereafter Earn 1 additional bonus Qantas Point when making purchases via the Qantas website |
| Points cap | Equivalent to $120,000 per 12-month period (excluding the additional bonus when making purchases via the Qantas website) |
| Travel benefits | None |
| Included insurances | Extended Warranty, Purchase Protection, and Domestic & International Travel Insurance (PDS) |
| Overseas transaction fee | 3% of the converted amount |
| Minimum income requirement | $40,000 p.a. |
| Mobile wallet | Apple Pay, Google Pay |
| Annual fee | $399 p.a. ongoing |
Earning Qantas Points with the HSBC Platinum Qantas Credit Card
The HSBC Platinum Qantas Visa is left alongside only a few other 1 Qantas Point per dollar-earning Visa or MasterCard credit cards, such as the Qantas Premier Platinum, and Qantas Premier Titanium cards.
The HSBC Qantas Platinum Visa allows you to earn 1 Qantas Point per $1 spent on eligible purchases up to $120,000 per year or 12-month period. This is a very big increase from the previous $1,000 per month cap and can now be used as your main payment method or as a backup to other cards with uncapped points earn such as the Qantas American Express Ultimate.
HSBC Apple Pay & Google Pay support
HSBC cards support Apple Pay & Google Pay, meaning you can use this card on your smartphone for easier payments. Find out more in our guides for each of the compatible services.
Summing up
The HSBC Qantas Platinum card can be appealing to those looking to earn Qantas Points on most eligible spend as a way to boost their stash.
The included insurances may also be worthwhile looking into to see if they offer any value to you – the policy includes Extended Warranty, Purchase Protection, and Domestic & International Travel Insurance.
This guide references some of the benefits of insurance policies provided with this card. You should read the PDS and obtain independent professional advice before obtaining this product.
It is now $0 fee for 1st year and has a earn rate of 1.5pts per $1 up to $120,000 per yr
The 60k bonus points dropped on the 3rd months transfer no problems.
A handy card to have for when Amex is not accepted and you can still get 1 point per dollar.
Thanks for the guide PointHacks!
Great offer and consider to sign up, although would you know if you earn points when making BAS payments to the ATO?
On a frivolous note, it’s one of the prettier cards I’ve seen: The core plastic is red, giving a striking contrast with the black laminate front and back.