Plenty of Australian rewards credit cards offer points. But none offer an option to fast-track to Gold status in the world’s largest airline alliance. Nor do they offer a flexible central points ‘currency’ that can be converted to seven Star Alliance partner airlines.
The HSBC Star Alliance Credit Card is the first card of its kind in Australia – as we’ve been picked as the launch market for this innovative product.
Digging into the benefits of the HSBC Star Alliance Credit Card
The HSBC Star Alliance Credit Card packs in plenty of features. Just be mindful that there is a reduced earning threshold after spending more than $3,000 in a statement month on eligible purchases. For a limited time, HSBC is also waiving the $450 annual fee in the first year.
|Card||HSBC Star Alliance Credit Card|
|Loyalty Program||Star Alliance Rewards|
|Points earned from spend||1 Star Alliance Point per $1 spent on eligible purchases, up to $3,000 per statement period and 0.5 Star Alliance Points per $1 spent thereafter|
|Travel benefits||0% interest for 6 months on flight bookings made directly through participating Star Alliance member airlines (reverts to standard variable rate of 19.99% p.a. thereafter)|
|Included insurance||Domestic and International Travel Insurances
Rental Vehicle Excess Insurance in Australia
Transit Accident Insurance
Extended Warranty Insurance
Purchase Protection Insurance
|Overseas transaction fee||3% of the transaction amount|
|Mobile wallet||Apple Pay and Google Pay|
|Annual fee||$0 in the first year, $450 p.a. thereafter|
Earning points with the HSBC Star Alliance Credit Card
The earn rate is 1 Star Alliance Point per dollar for the first $3,000 in a statement month, then 0.5 Star Alliance Points per dollar thereafter for the rest of the statement month.
Later, you can transfer these points to any of the seven participating airlines via the Star Alliance Rewards program. Here are the starting transfer rates:
- Air Canada Aeroplan: 1,000 Star Alliance Points = 800 Aeroplan points.
- Air New Zealand Airpoints: 1,250 Star Alliance Points = 10 Airpoints Dollars.
- EVA Air Infinity MileageLands: 1,000 Star Alliance Points = 800 Infinity MileageLands Miles.
- Singapore Airlines KrisFlyer: 1,000 Star Alliance Points = 800 KrisFlyer miles.
- South African Airways Voyager: 1,000 Star Alliance Points = 800 Voyager miles.
- Thai Airways Royal Orchid Plus: 1,000 Star Alliance Points = 800 Royal Orchid Plus miles.
- United Airlines MileagePlus: 1,000 Star Alliance Points = 800 MileagePlus Miles.
Fast track to Star Alliance Gold Status
The icing on the top of the HSBC Star Alliance Credit Card is the fast track to Star Alliance Gold Status after spending $4,000 within 90 days of account opening. Once you do so, you can nominate a Star Alliance ‘Status Airline’, which is the program that you want to get Gold status in.
For Australian residents, the Gold Status if you choose either Singapore Airlines KrisFlyer or United MileagePlus will also get you reciprocal Virgin Australia perks such as domestic lounge access and priority check-in!
If you want longer-lasting Star Alliance status, consider Air Canada Aeroplan. You’ll enjoy Gold-plated perks for the remainder of the calendar year, plus all of the following year – including access to Virgin Australia lounges. If you time your application right, that’s up to 23 months of Gold from the sign-up bonus!
Within Star Alliance, having Gold Status means enjoying priority check-in, priority baggage, lounge access, Fast Track at the airport and more.
After the first year, you’ll need to meet a higher minimum spend to maintain your complimentary status:
- Spend AU$60,000 over a qualification year to earn or retain Star Alliance Gold, or
- Spend AU$30,000 over a qualification year to earn or retain Star Alliance Silver
0% interest for six months on flights
Another interesting and unique benefit is paying no interest for the first six months when you book flights via the participating seven airline websites. That’s Air Canada, Air New Zealand, EVA Air, Singapore Airlines, South African Airways, Thai Airways and United Airlines.
This is a recurring benefit that makes it easier to pay off your next big trip. As long as you pay everything off within six months, you won’t be charged any interest (currently 19.99% p.a.). Any outstanding balance after six months will revert to the standard interest rate.
There is also a range of complimentary insurances, including Domestic and International Travel Insurance with Rental vehicle Excess Insurance in Australia, Transit Accident Insurance, Extended Warranty Insurance, and Purchase Protection Insurance.
Some aspects of the included travel insurance will cover you (and/or your spouse and dependents) if you get sick with COVID-19.
The full PDS outlining the details of all the benefits included with the HSBC Star Alliance Credit Card can be found here.
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.
HSBC Apple Pay & Google Pay support
The HSBC Star Alliance Credit Card is a new offering that may provide a smoother travel experience with participating airlines. The offering extends the option to earn Star Alliance Points and allows you to transfer them to your choice of seven participating airlines.
It also offers an option to fast track your way to Gold Status, $0 annual fee in the first year ($450 p.a. thereafter) and 1 point per $1 for the first $3,000 spent per statement period (only on eligible purchases).
HSBC would like us to include the following important information:
* Complimentary Insurance covers: AWP Australia Pty Ltd ABN 52 097 227 177 AFSL 245631 trading as Allianz Global Assistance (AGA) under a binder from the insurer, Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708, has issued a group policy to HSBC Bank Australia Limited ABN 48 006 434 162 AFSL and Australian Credit Licence 232595 (HSBC), which allows eligible HSBC account holders and cardholders to claim under the group policy as third party beneficiaries by operation of s48 of the Insurance Contracts Act 1984 (Cth). Any advice on insurance is general advice only and not based on any consideration of your objectives, financial situation or needs. The eligibility criteria, terms, conditions, limits and exclusions of the group policy are set out in the Information Booklet available at www.hsbc.com.au/credit-cards/terms/ find out more about Credit Card Terms and Conditions which may be amended from time to time. Consider its appropriateness to these factors before acting on it. You can contact AGA on 1800 648 093. An excess may apply. HSBC does not issue these insurances and does not receive commissions on these policies or guarantee any benefits under this cover.
If during the period of your cover, you (and your spouse/dependents, if they’re eligible for cover) are positively diagnosed as suffering a sickness recognised as an epidemic or pandemic (such as COVID-19) cover may be available under selected International Travel Insurance benefits. The eligibility criteria, terms, conditions, limits and exclusions of the group policy are set out in the Information Booklet available at www.hsbc.com.au/credit-cards/terms/ find out more about Credit Card Terms and Conditions.
* Fee, charges and T&C’s apply. Min. spend of $4,000 in first 90 days from account opening. Offer may end anytime. Visit https://www.hsbc.com.au/credit-cards/terms/
ABOUT HSBC BANK AUSTRALIA
In Australia, the HSBC Group offers an extensive range of financial services through a network of 43 branches and offices. These services include retail and commercial banking, trade finance, treasury and financial markets, payments and cash management and securities custody. Principal HSBC Group members operating in Australia include HSBC Bank Australia Limited (ABN 48 006 434 162 AFSL/Australian Credit Licence 232595) and The Hongkong and Shanghai Banking Corporation Limited (ABN 65 117 925 970 and AFSL 301737).
ABOUT STAR ALLIANCE
The Star Alliance network was established in 1997 as the first truly global airline alliance, based on a customer value proposition of global reach, worldwide recognition and seamless service. Since inception, it has offered the largest and most comprehensive airline network, with a focus on improving customer experience across the Alliance journey.
The member airlines are: Aegean Airlines, Air Canada, Air China, Air India, Air New Zealand, ANA, Asiana Airlines, Austrian, Avianca, Brussels Airlines, Copa Airlines, Croatia Airlines, EGYPTAIR, Ethiopian Airlines, EVA Air, LOT Polish Airlines, Lufthansa, Scandinavian Airlines, Shenzhen Airlines, Singapore Airlines, South African Airways, SWISS, TAP Air Portugal, THAI, Turkish Airlines, and United.
Overall, the Star Alliance network currently offers more than 10,000 daily flights to almost 1,200 airports in 184 countries. Further connecting flights are offered by Star Alliance Connecting Partners Juneyao Airlines and THAI Smile Airways.
ABOUT STAR ALLIANCE AUSTRALIA
Star Alliance Australia Pty Ltd (ABN 57 661 145 080) was established in July 2022 to operate as principal of the Star Alliance Rewards program.