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
Point Hacks earn a maximum of $120 per applicant for this card. More about this →
HSBC has increased the bonus on the HSBC Platinum Qantas Visa to 60,000 Qantas Points, which is now running until the end of December 2016. 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||HSBC Platinum Qantas Credit Card|
|Loyalty program||Qantas Frequent Flyer|
|Points earned from spend||Earn 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|
|Included insurances||Extended Warranty, Purchase Protection, & International Travel Insurance (PDS)|
|Overseas transaction fee||3% of the converted amount|
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.
The value of the HSBC Qantas Platinum offering comes from it’s 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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