Point Hacks Credit Card Guide

HSBC has 60,000 Qantas Points on offer with the $199 annual fee HSBC Platinum Qantas Credit Card

HSBC Platinum Qantas Credit Card - 60,000 Qantas Points

HSBC has a 60,000 Qantas Point bonus with the HSBC Platinum Qantas Credit Card along with included travel and purchase insurances. There's a $199 annual fee and 1 Qantas Point earned per $ spent, up to 2,500 points per month.

  • 60,000 bonus Qantas Points after spending $3,000 within 3 months
  • 1 Qantas Point earned up to $2,500 per statement period, 0.5 Qantas Points earned per $ thereafter
  • Insurance package including Extended Warranty, Purchase Protection, & International Travel Insurance (PDS)
  • $199 annual fee
  • $3,000 minimum spend in 3 months after approval required to earn bonus points
  • Offer ends: 30th June 2017

Find out more or apply →

Point Hacks earn a maximum of $120 per applicant for this card. More about this →

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HSBC has increased the bonus on the HSBC Platinum Qantas Visa to 60,000 Qantas Points, which is now running until the end of June 2017. This card now has one of the highest points bonuses out there for a sub $200 annual fee Visa/MasterCard.

You’ll receive 1 Qantas Point per $ on ongoing spend up to $2,500 per statement period (month), dropping to 0.5 Qantas Points per $ after.

Card Details

CardHSBC Platinum Qantas Credit Card
Loyalty programQantas Frequent Flyer
Points earned from spendEarn 1 Qantas Point per $1 spent up to $2,500 per statement period on eligible purchases made in Australia and overseas. Every $1 spent thereafter will earn 0.5 Qantas Points.
Points cap$2,500 per statement period then drops to 0.5 points
Travel benefitsNone
Included insurancesExtended Warranty, Purchase Protection, & International Travel Insurance (PDS)
Overseas transaction fee3% of the converted amount
Annual fee$199

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 Qudos Bank Platinum Visa, Macquarie Platinum Visa, Jetstar Platinum MasterCard, and Woolworths Qantas Platinum cards.

When it comes to points earn, these cards are all quite similar – so you’ll be assessing whether the included insurances, interest free periods and other soft benefits make a material difference to you if you’re looking for a 1 Qantas point per $ earning card.

It will also be worth considering the signup bonus on offer at any given time with each as this would likely make a large difference to how many frequent flyer points you can rake in from both applying for and then using the card ongoing.

The key restriction with the HSBC Qantas Platinum Visa is the $2,500 Qantas Point per month cap. However if you are using this card as a separate Visa/MasterCard back up to an American Express with higher or uncapped points earn, like the Qantas Ultimate or Qantas Premium, then you may not get near to this cap.

If you spend over the cap, then points earned aren’t reduced to nothing – you’ll still pick up 0.5 Qantas Points per $ on spend over the $2,500 cap.

Summing Up

The value of the HSBC Qantas Platinum offering comes from its initial signup bonus and then a solid 1 point per $ earn rate, with a ‘soft cap’ over the $2,500 monthly where you can keep earning points, albeit at a lower rate, even if you go over the monthly cap.

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, & International Travel Insurance. You can read the full PDS here.

This guide references some of the benefits of insurance policies provided with this credit card.

You should read the PDS and obtain independent professional advice before obtaining this product.

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Point Hacks Credit Card Information

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We have not taken into consideration your circumstances or financial situation when providing the information on this website. It is important you read the relevant PDS from the product issuer and seek the independent advice of an appropriately qualified professional before making a decision on a product.

Comments Expand Comments

  1. Keith – You got the current year’s fees waived retroactively?

    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.

    • Keith Author

      Assume you’re referring to the other comment on this guide, some time ago I held this card. I did manage to get the fee waived in 2015, but cancelled soon after. Not sure on the fee waiver policy no though.

  2. Harriet

    G’day Keith. I cancelled this card a few months ago (approximately two months ago). If I sign up for this offer, will I be eligible for the bonus 60,000 bonus points? Kind Regards, Harriet

  3. Alex Novotni

    Hi Keith,

    Great offer and consider to sign up, although would you know if you earn points when making BAS payments to the ATO?

  4. Demonoid

    Looks OK, But I prefer Macquarie Black Rewards for bigger spenders. 40k QFF points, $99 first year annual fee. 1 point per 1$ up to $4000 per month, and additional point on Qantas services. Also has some extra “black” type travel benefits. Perfect card to keep for 12 months, then cancel and alternate with your partner.

  5. Mal

    Very disappointed with this card and the service offered by HSBC. Constantly receiving incorrect information. It is now over 3 months since becoming eligible for the 60,000 points and they still have not been allocated to qantas. HSBC are blaming qantas. Would not go near this card again

    • Keith Author

      Hey Mal – sorry to hear it. Why are HSBC blaming Qantas? That doesn’t seem to make much sense. Have you tried any formal avenues of complaint like FoS or threatened as such, if you’re sure you have met the offer criteria?

  6. Hi Keith, Waiting for the formal complaint process to take effect in HSBC. I have to wait 5 days for a reply. The first two operators were very reluctant to escalate. Other cards allocate the points in the month you earn them, however it seems at the least HSBC (when I did it) stated within 3 months, they are now saying it may take another 2 statement cycles to transfer to qantas. That could be up to 5 months which contradicts their fine print in the offer. Will update once I have spoken to their complaints area.

  7. I have a bit of experience and earning points with cards. My wife and I been to the US twice on points (business class return) and have just completed a Round the World Business Class (with QANTAS) to Hong Kong, London and USA. Points were mostly earned by credit cards.

  8. Scotty

    Card sign up was painless and efficient. Card arrived quickly.

    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!

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