HSBC credit cards

HSBC
HSBC's overall rating for credit cards

(as rated by the Mozo community)

5.6 / 10

based on 438 reviews

One of the world’s largest banking and financial services organisations, HSBC started operations in Australia in 1965. From no annual fee cards, reward cards and balance transfer offers, HSBC has a number of credit card options depending on your financial preferences. 

In 2018, HSBC was named Mozo Experts Choice Travel Money Bank of the Year for it’s impressive range of travel credit card and other banking options.

Rates and fees verified as correct at 14 November, 2018. Other information correct at the time of writing.

What credit cards do HSBC offer?

Take a look at the different kinds of HSBC Credit Cards that you can choose from:

Low rate credit cards Low rate credit cards

Product Purchase rate Balance transfer rate Annual fees Interest free days

13.25% p.a.

0% p.a. for 20 months and then 21.99% p.a. (2.00% balance transfer fee)

$79

55


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Low fee credit cards Low fee credit cards

Looking for a low annual fee credit card? Check out one of the HSBC credit cards that come at $0 annual fee plus up to 55 interest free days. What’s more, you'll also get access to discounts and exclusive offers with the home&Away Privilege Program.

Product Purchase rate Balance transfer rate Annual fees Interest free days

19.99% p.a.

5.99% p.a. for 6 months and then 21.99% p.a.

$0

55


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Rewards credit cards Rewards credit cards

Choose one of HSBC’s rewards cards to earn points on everyday purchases. The rewards credit cards are accepted at more than 32 million locations worldwide. You can redeem these reward points for things like gift cards, merchandise, hotel accommodation or flight tickets.

Product Points per dollar Purchase rate Balance transfer rate Annual fees

1 point per dollar on Visa, uncapped

19.99% p.a.

0% p.a. for 22 months and then 21.99% p.a. (2.00% balance transfer fee)

$129 Refunded when you spend over $6,000 p.a

1 point per dollar on Visa, up to 2500 points per month, then
0.5 points per dollar on Visa, up to 7500 points per month

19.99% p.a.

0% p.a. for 12 months and then 21.99% p.a.

$199

1 point per dollar on Mastercard, uncapped

19.99% p.a.

5.99% p.a. for 6 months and then 21.99% p.a.

$0

1 point per dollar on Mastercard, uncapped

19.99% p.a.

5.99% p.a. for 6 months and then 21.99% p.a.

$99


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Prestige cards Prestige cards

Get your hands on a premium credit card by going for an HSBC Platinum card. These will get you access to complimentary insurance benefits such as International Travel Insurance, Extended Warranty Insurance, Guaranteed Pricing Scheme, Transit Accident Insurance and Purchase Protection Insurance. What’s more, they’ll also earn you precious rewards points which can be redeemed for a number of offers.

Product Points per dollar Purchase rate Balance transfer rate Annual fees

1 point per dollar on Visa, uncapped

19.99% p.a.

0% p.a. for 22 months and then 21.99% p.a. (2.00% balance transfer fee)

$129 Refunded when you spend over $6,000 p.a

1 point per dollar on Visa, up to 2500 points per month, then
0.5 points per dollar on Visa, up to 7500 points per month

19.99% p.a.

0% p.a. for 12 months and then 21.99% p.a.

$199


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Frequent flyer credit cards Frequent flyer credit cards

A premium card with HSBC is ideal for frequent flyers to rack up those Qantas Points, which can be redeemed for flights, upgrades, hotel bookings and many other products in the online Qantas Store. You can earn points for every dollar you spend on eligible purchases in Australia or overseas.

Product Points per dollar Purchase rate Balance transfer rate Annual fees

1 point per dollar on Visa, up to 2500 points per month, then
0.5 points per dollar on Visa, up to 7500 points per month

19.99% p.a.

0% p.a. for 12 months and then 21.99% p.a.

$199

1 point per dollar on Mastercard, uncapped

19.99% p.a.

5.99% p.a. for 6 months and then 21.99% p.a.

$99


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**Saving based on the average difference in fees and charges over 3 years between the most competitive product Mozo can refer a consumer to and the average credit card product input by 6,863 consumers (average balance of $4,262 or balance transfer balance of $5,818, interest rate of 19.6% and annual fee of $36.50) who used the Mozo Credit Card Health Check tool between 1 January 2012 to July 2012.

Frequently Asked Questions about HSBC credit cards

Q1. How can I access HSBC’s Internet banking service?

You can register for HSBC's online banking service by simply calling their Customer Service Centre. If you’re a Premier customer, you’ll need to call the HSBC Premier Centre.

Q2. How do I make HSBC Credit Card repayments?

You can choose from a number of ways to make HSBC Credit Card repayments such as direct debit, BPAY or Internet banking. If you’re not comfortable with online or phone banking, you can go over to the nearest HSBC branch to make an over the counter cash or cheque payment. Alternatively, you also have the option to mail a cheque along with the payment slip.  

Q3. Will I be eligible for an interest free period with a HSBC Credit Card?

HSBC Credit Cards offer up to 55 days interest free on qualifying purchases, when you pay the full balance every month. Do remember that there are no interest free days for cash advances. You will however different terms and conditions applicable for the various cards.

Q4. Can I withdraw cash from an ATM using a HSBC Credit Card?

Yes, you can use a HSBC Credit Card to withdraw cash from any ATM as long as it carries the 'Visa' or 'PLUS' or 'MasterCard' logos. But do remember that unlike for debit cards, withdrawals from ATMs using credit cards are treated as Cash Advances, with interest charged from the date of withdrawal.

Q5. Can I use a HSBC Credit Card outside Australia?

Yes, of course. You can use the HSBC Credit Card at more than 22 million Visa merchants across the world using your signature or PIN. If you’re a Premier credit cardholder, you can use your card anywhere MasterCard is accepted. But do remember that there could be additional overseas transactional charges applicable for using your card in other countries.

Q6. What happens if I lose my HSBC Credit Card?

First of all, you must report that your HSBC Credit Card has been lost or stolen as soon as possible, by calling the customer support centre, which is accessible all day, every day. Your card can then be blocked so no one else can use it and a new card can be issued. This usually takes 7 days but if you need an urgent or overseas card replacement, let your HSBC consultant know.

Q7. Can I get an additional card for my HSBC Credit Card account?

Yes, you can apply for multiple additional cards for your HSBC Credit Card account by completing  a simple online application form. The additional cardholder may also need to provide certain documents such as proof of identity and address.  

Q8. Can I use the ‘tap and go’ technology with a HSBC Credit Card?

Yes, you can make contactless payments with a HSBC Credit Card. This means that for making purchases under $100, you won’t need you to swipe, sign or enter your PIN. All you need to do is hold your credit card to the reader for a quick payment.

Q9. What is the home&Away Privilege Program?

HSBC's home&Away Privilege Program caters to HSBC credit and debit cardholders with a whole range of exclusive offers and discounts on shopping, dining and travel experiences.

Q10. Is there a limit on the number of reward points I can earn every year?

While the HSBC Platinum and HSBC Premier Credit Cards do not have a limit on the number of points you can earn in a year, the HSBC Classic Card and the HSBC Qantas Platinum Card have a limit of 100,000 and 300,000 reward points per annum respectively.


How are HSBC credit cards rated?

The Mozo community has rated HSBC Credit Cards on a number of factors ranging from price, features, convenience and customer service.

HSBC credit cards

Overall 5.6

Price

Features

Customer service

Convenience

Trust

437 Reviews

Recent HSBC credit card reviews Recent HSBC credit card reviews

HSBC

HSBC Platinum Credit Card credit card review

Overall rating   6 / 10

Good online services

first time application

Full review

first time application

    Price   6 / 10

Less

Tuan, New South Wales, reviewed over 1 year ago

HSBC

HSBC Platinum Qantas Credit Card credit card review

Overall rating   8 / 10

Good provider but not for gaining Qantas points

This credit card has multiple tiers in Qantas Frequent Flyer point accumulation. That is, one point for each dollar spent using the card if your balance is less than $3,000 a month. After reaching this threshold, you will be awarded 0.5 points for...

Full review

This credit card has multiple tiers in Qantas Frequent Flyer point accumulation. That is, one point for each dollar spent using the card if your balance is less than $3,000 a month. After reaching this threshold, you will be awarded 0.5 points for each dollar spent. Therefore, it gives cardholders less value compared to other cards.

    Price   3 / 10

Less

Paulo, Victoria, reviewed almost 2 years ago

HSBC

HSBC credit card review

Overall rating   5 / 10

I dislike this bank

After missing a payment by two days thanks to other banks being delayed, HSBC cancelled the card and now I have only a payment to make without the use of credit limit which was disappointment especially after being with them for 18 years.

Full review

After missing a payment by two days thanks to other banks being delayed, HSBC cancelled the card and now I have only a payment to make without the use of credit limit which was disappointment especially after being with them for 18 years.

    Price   5 / 10

    Features   4 / 10

    Customer service   6 / 10

    Convenience   3 / 10

    Trust   5 / 10

Less

Peter, New South Wales, reviewed about 2 years ago

HSBC

HSBC Low Rate Credit Card credit card review

Overall rating   9 / 10

Great service and fantastic rewards

Although their interest rate is high it does not affect us as we pay off our balance at each statement. Their rewards program is great and the points add up quickly and we often redeem for gift vouchers and treat ourselves to free purchases. They...

Full review

Although their interest rate is high it does not affect us as we pay off our balance at each statement. Their rewards program is great and the points add up quickly and we often redeem for gift vouchers and treat ourselves to free purchases. They are quick to notify us if they feel an unauthorised transaction has taken place, (which none were but we purchased something from overseas which aroused their suspicions )

    Price   5 / 10

    Features   9 / 10

    Customer service   9 / 10

    Convenience   8 / 10

    Trust   9 / 10

Less

Garry, New South Wales, reviewed over 2 years ago

HSBC

HSBC Platinum Credit Card credit card review

Overall rating   3 / 10

Great customer service

Terrible interest rates

Full review

Terrible interest rates

    Price   3 / 10

    Features   3 / 10

    Customer service   10 / 10

    Convenience   1 / 10

    Trust   5 / 10

Less

Ellen, New South Wales, reviewed over 2 years ago

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What do you need to apply for a HSBC credit card? What do you need to apply for a HSBC credit card?

Once you’ve had a careful look at the different HSBC Credit Cards available and selected the one that works out best for you, click on the ‘Go to site’ button on Mozo to reach HSBC’s website directly.

The website will then help you get started with the application process, which is quite straightforward. The online application form will require you to punch in some information like your contact details and identity proofs such as a driver’s licence, passport or birth certificate. You’ll also need to be at least 18 years of age, have a specified minimum annual income (which varied for the different cards) and be an Australian resident for taxation purposes.

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