HSBC Credit Cards

Information correct at 16/09/2016.
HSBC Credit Cards are provided by HSBC. HSBC is also a provider of home loans and personal loans, bank accounts, investment products, car insurance, home insurance, life insurance, travel insurance, and financial planning services.

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Product Features: What HSBC credit cards offer

HSBC credit cards come in four forms:

 

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HSBC Platinum Qantas Credit Card
HSBC Platinum Credit Card
HSBC Credit Card (No Annual Fee Card)
HSBC Premier World MasterCard

HSBC offers a helpful online portal specifically designed for cardholders to view details of their account, activate a card, change a pin, update contact details, and perform quick transactions.

At the time of writing, a different sign-up bonus applies to each card, including a bonus of 40,000 Qantas Points for the HSBC Platinum Qantas Credit Card if the cardholder spends $1,500 in the first 3 months.

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HSBC Platinum Qantas Credit Card

Platinum QANTASFeatures

  • Card type: Visa
  • Minimum credit limit: $6,000
  • Minimum income required for eligibility: $40,000 p.a.
  • Rewards program:
    • Qantas Points: Earn 1 Qantas Point per dollar spent on eligible purchases in Australia and overseas. Earn 0.5 Qantas Points per dollar on other purchases. Points are redeemable for flights, merchandise, and more.
    • Visa Premium Benefits: Backstage passes, tickets, and more privileges.
    • home&Away Privilege Program: Use the card to gain access to instant discounts and exclusive offers in Australia and overseas.
  • Interest free purchases: Ability to make interest free purchases of up to 5 years at over 1,000 participating retail outlets.
  • Contactless payments: Visa payWave chip technology allows you to use this card for payments of less than $100.
  • Online payments: Visa Checkout button allows quick and secure payments when shopping online.
  • Insurance (complimentary): Complimentary international travel insurance, extended warranty insurance, guaranteed pricing scheme, transit accident insurance, and purchase protection insurance.
  • Security: Card protected by Visa’s Zero Liability Policy against unauthorised transactions.

Rates and Fees

  • Interest rate on purchases: 99%
  • Interest free days: Up to 55 if balance paid in full every month
  • Balance transfer introductory rate: 0% for 6 months (reverts to cash advance rate)
  • Cash advance rate: 99%
  • Cash advance fee: Greater of 3% or $4
  • Annual fee: $199
  • Additional cardholder annual fee: $0
  • Minimum monthly repayment: Greater of 3% of balance or $20
  • Payment handling fee: $2.95 in person at Australia Post
  • International fees: 3% fee on all purchases and cash advances made using a foreign currency, including transactions made in Australia with merchants located outside of Australia (e.g. international online shopping)
  • Paper statement fee: $8/statement
  • Late fee for overdue minimum payment: $30
  • Over credit limit fee: $30/month
  • Dishonour fee: $15/return

Compare Frequent Flyer Credit Cards

HSBC Platinum Credit Card

PlatinumFeatures

  • Card type: Visa
  • Minimum credit limit: $6,000
  • Minimum income required for eligibility: $40,000 p.a.
  • Rewards program:
    • Annual Fee Refund: Annual fee is refunded every year when you spend $6,000 on eligible purchases.
    • HSBC Rewards Points: Earn 1 HSBC Reward Point per dollar spent on eligible purchases. HSBC Rewards Points are redeemable for gift cards, merchandise, and tickets to experiences. Or you can redeem 2 HSBC Rewards Points for 1 Velocity Point, which can be redeemed for flights, car hire, accommodation, and more.
    • Visa Premium Benefits: Backstage passes, tickets, and more privileges.
    • home&Away Privilege Program: Use the card to gain access to instant discounts and exclusive offers in Australia and overseas.
  • Interest free purchases: Ability to make interest free purchases of up to 5 years at over 1,000 participating retail outlets.
  • Contactless payments: Visa payWave chip technology allows you to use this card for payments of less than $100.
  • Online payments: Visa Checkout button allows quick and secure payments when shopping online.
  • Insurance (complimentary): Complimentary international travel insurance, extended warranty insurance, guaranteed pricing scheme, transit accident insurance, and purchase protection insurance.
  • Security: Card protected by Visa’s Zero Liability Policy against unauthorised transactions.

Rates and Fees

  • Interest rate on purchases: 99%
  • Interest free days: Up to 55 if balance paid in full every month
  • Balance transfer introductory rate: 0% for 15 months (reverts to cash advance rate)
  • Cash advance rate: 99%
  • Cash advance fee: Greater of 3% or $4
  • Annual fee: $149
  • Additional cardholder annual fee: $0
  • Minimum monthly repayment: Greater of 3% of balance or $20
  • Payment handling fee: $2.95 in person at Australia Post
  • International fees: 3% fee on all purchases and cash advances made using a foreign currency, including transactions made in Australia with merchants located outside of Australia (e.g. international online shopping)
  • Paper statement fee: $8/statement
  • Late fee for overdue minimum payment: $30
  • Over credit limit fee: $30/month
  • Dishonour fee: $15/return

Compare Rewards Credit Cards

HSBC Credit Card (No Annual Fee Card)

HSBC Credit cardFeatures

  • Card type: Visa
  • Minimum credit limit: $1,000
  • Minimum income required for eligibility: $20,000 p.a.
  • Rewards program:
    • home&Away Privilege Program: Use the card to gain access to instant discounts and exclusive offers in Australia and overseas.
  • Interest free purchases: Ability to make interest free purchases of up to 5 years at over 1,000 participating retail outlets.
  • Contactless payments: Visa payWave chip technology allows you to use this card for payments of less than $100.
  • Online payments: Visa Checkout button allows quick and secure payments when shopping online.
  • Security: Card protected by Visa’s Zero Liability Policy against unauthorised transactions.

Rates and Fees

  • Interest rate on purchases: 99%
  • Interest free days: Up to 55 if balance paid in full every month
  • Balance transfer introductory rate: 0% for 6 months (reverts to cash advance rate)
  • Cash advance rate: 99%
  • Cash advance fee: Greater of 3% or $4
  • Annual fee: $0
  • Minimum monthly repayment: Greater of 3% of balance or $20
  • Payment handling fee: $2.95 in person at Australia Post
  • International fees: 3% fee on all purchases and cash advances made using a foreign currency, including transactions made in Australia with merchants located outside of Australia (e.g. international online shopping)
  • Paper statement fee: $8/statement
  • Late fee for overdue minimum payment: $30
  • Over credit limit fee: $30/month
  • Dishonour fee: $15/return

Compare Low Fee Credit Cards

HSBC Premier World MasterCard

Premier world MCFeatures

  • Card type: MasterCard
  • Minimum credit limit: $15,000
  • Minimum income required for eligibility: Not specified.
  • Rewards program: Choice of HSBC Rewards Plus or HSBC Qantas Rewards.
    • HSBC Rewards Plus: Earn 1 point for every dollar spent on eligible purchases in Australia. Earn 1.5 point for every dollar spent on eligible purchases outside of Australia. Redeem points for rewards of your choice or for Velocity Rewards Points.
    • HSBC Qantas Rewards: Earn 1 point for every dollar spent on eligible purchases.
    • home&Away Privilege Program: Use the card to gain access to instant discounts and exclusive offers in Australia and overseas.
    • World Program: Exclusive offers for World MasterCard cardholders.
  • Interest free purchases: Ability to make interest free purchases of up to 5 years at over 1,000 participating retail outlets.
  • Contactless payments: MasterCard PayPass technology allows you to use this card for payments of less than $100.
  • Insurance (complimentary): Complimentary international travel insurance, extended warranty insurance, guaranteed pricing scheme, transit accident insurance, and purchase protection insurance.
  • Security: Card protected by MasterCard® SecureCode™.

Rates and Fees

  • Interest rate on purchases: 99%
  • Interest free days: Up to 55 if balance paid in full every month
  • Balance transfer introductory rate: 99% for 6 months (reverts to cash advance rate)
  • Cash advance rate: 99%
  • Cash advance fee: Greater of 3% or $4
  • Annual fee: $0 (HSBC Rewards Plus program) or $99 (HSBC Qantas Rewards program)
  • Additional cardholder fee: $0
  • Minimum monthly repayment: Greater of 3% of balance or $20
  • Payment handling fee: $0
  • International fees: 2% fee on all purchases and cash advances made using a foreign currency, including transactions made in Australia with merchants located outside of Australia (e.g. international online shopping)
  • Paper statement fee: $8/statement
  • Late fee for overdue minimum payment: $30
  • Over credit limit fee: $30/month
  • Dishonour fee: $15/return

Compare Frequent Flyer Credit Cards

Eligibility to apply for HSBC Credit Cards

To apply for any of the HSBC Credit Card products, you must be able to satisfy the following criteria:

  • Over 18 years of age.
  • Resident of Australia.
  • Good credit rating.
  • Earn income of at least $40,000 p.a.

The inclusions mentioned represent a selection of what is covered at the time of writing. Additional terms and conditions may apply to different features. Additional fees may apply to the product. CANSTAR is not making any suggestion or recommendation to you about this product. Please ensure that you read the product disclosure statement to determine all the current options and inclusions for the product you are considering.

CANSTAR is an information provider and in giving you product information CANSTAR is not making any suggestion or recommendation about a particular credit product. If you decided to apply for a credit card you will deal directly with a financial institution, and not with CANSTAR. Rates and product information should be confirmed with the relevant financial institution. For more information, read our detailed disclosure, important notes, and additional information.

About HSBC

HSBC was founded in 1865 in Hong Kong to finance trade between Asia and Europe. 100 years later, they moved into Australia in 1965 and gained their commercial banking licence in 1986.

HSBC is now one of the world’s largest banking and financial institutions, serving 48 million customers around the globe, and 6,000 offices in 71 countries. They aim for sustainability through the Climate Business approach, and support leading charities that focus on education, the environment, and health.

“How to” guides are available for customers, and if these don’t have the answers you’re looking for, you can chat online live with help centre members.

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Written by: TJ Ryan