HSBC Platinum Credit Card (Special Offer)
0% p.a. for 12 months then 19.99% p.a.
0% p.a. for 22 months and then 21.99% p.a.
$129 Refunded when you spend over $6,000 p.a
Rewards Plus
HSBC Platinum Credit Card (Special Offer)
0% p.a. for 12 months then 19.99% p.a.
0% p.a. for 22 months and then 21.99% p.a.
$129 Refunded when you spend over $6,000 p.a
Rewards Plus
0% p.a. for 12 months then 19.99% p.a.
0% p.a. for 22 months and then 21.99% p.a.
$129 Refunded when you spend over $6,000 p.a
Rewards Plus
Mozo Review HSBC Platinum Credit Card (Special Offer) Review
Last updated: 16 July 2019.
What's hot:
0% balance transfer offer with no BT Fee for 22 months
Complimentary travel insurance
What's not:
19.99% purchase rate
Mozo snapshot:
Looking to snag an award-winning credit card with some generous points earning potential and complimentary extras? Look no further than the 2018 Mozo Experts Choice Award-winning HSBC Platinum Credit Card which was named as one of the best cards in the Premium Rewards Credit Card category.
Aside from uncapped points earning, free travel insurance and access to the Visa Platinum Concierge service, new cardholders will even be able to blast away their existing credit card debt thanks to HSBC's limited time 0% balance transfer offer for a whopping 22 months!
Key features:
The HSBC Platinum Credit Card offers some excellent reward point earning capacity, with cardholders able to earn one point for every dollar spent. Helpfully, points aren't capped, although they do expire after 36 months.
When it comes to card perks, customers will gain access to the exclusive HSBC home&away privilege program which offers discounts on shopping, travel and fine dining in 40 countries across the world, and they’ll be able to make use of a range of complimentary insurance offers including travel insurance.
While the card does come with a $129 annual fee, which is charged each year on the anniversary of the account opening date, the good news is that if you spend $6,000 on eligible purchases within the following 12 months the fee will be refunded to you.
It’s also worth bearing in mind that given its 19.99% purchase rate, the HSBC Platinum may not be the card for you if you regularly pay interest on your balance. However, if you’re looking for a way to ditch your existing credit card debt, HSBC's special balance transfer offer might just be the deal you've been waiting for.
SPECIAL OFFER: 0% interest for 22 months on balance transfers (no BT fee)
For a limited time, HSBC is offering a seriously long balance transfer deal. New, approved HSBC credit cardholders who apply for the card between 15 July and 30 September 2019 can take advantage of a 0% balance transfer offer for a whopping 22 months. Better yet, there’s no balance transfer fee with the offer!
Just remember that once the 22 month balance transfer period has finished any outstanding balance will revert to the high 21.99% cash advance rate.
Who it's good for:
The HSBC Platinum Credit Card could be perfect for rewards points junkies or anyone able to take advantage of the special 22 month 0% balance transfer offer.
Any catches?
Just make sure you're organised with your repayments. If you still have any remaining transferred debt after the balance transfer term is up, the 0% balance transfer offer rate will revert to the high cash advance rate of 21.99%.
Rewards program details
Rates and fees information correct as at 21 August 2019. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.What your points get you
Fly Sydney to London return
239,200 points
Fly Sydney to Melbourne one-way
15,600 points
$100 Giftcard
20,000 points
$100 Cash
30,000 points
Points earning
1 point per dollar on Visa, up to 10000 points per month
Rewards scheme
Redeem your points for travel, gift cards, retail rewards and shopping gift cards.
You can choose to transfer points to airline programs including AsiaMiles, Singapore Airlines KrisFlyer and Velocity Points.
Earn bonus points at 15 bonus partners including HSBC Travel Plus.
HSBC home&away program offers discounts on shopping, travel and more, in over 40 countries. Complimentary LoungeKey membership and 2 lounge passes per annum.
Value of rewards points
Spend $30,000 (Visa)
Spend $20,000 (Visa)
Spend $15,600 (Visa)
Spend $239,200 (Visa)
at 10,000 points monthly
36 months
How do we calculate these points?
How do we calculate the rewards?
To work out the "Rewards value minus fees" in our Rewards Revealer we:
calculate how many points you'd get each year,
figure out how many flights or gift cards or cashback credits you could get for those points,
work out what that's actually worth to you,
take off the annual fee you'd pay.
More details:
Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.
We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.
Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.
In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.
We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.
To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.
Shopping rewards are based on $100 gift cards from a major national department store.
We make every effort to ensure our calculations are correct and up to date but make no guarantees.
Rate and fee details
Rates
-
19.99% p.a.
-
0% p.a. for 12 months
-
0% p.a. for 22 months and then 21.99% p.a.
-
yes
-
21.99% p.a.
-
55
Fees
-
$129.00
-
none
-
6000
-
$0.00
-
$30.00
-
3%, min $4.00
-
3.00%
-
$8.00
-
$0.00
-
$0.00
Features
-
$20.00
-
3.0
-
yes
-
none
Payment options
Apple Pay, Google Pay
Rewards privileges
Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection
Other benefits
Access to the Home&Away Privilege Program to receive discounts and benefits.
Customer Reviews
How are HSBC credit cards rated by the Mozo community?
About HSBC
HSBC in Australia is part of the HSBC Group, one of the world's largest banking and financial services organisations. HSBC has products for every money need you can think of, including savings accounts and term deposits for your day-to-day money management, a suite of home loans to finance your dream home, plus credit card and personal loan options. With branches all over the world, HSBC is the world's local bank!
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HSBC
Platinum Credit Card
0% p.a. for 12 months then 19.99% p.a.
0% p.a. for 12 months and then 21.99% p.a. (2.00% balance transfer fee)
$129 Refunded when you spend over $6,000 p.a
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HSBC
Platinum Qantas Credit Card
19.99% p.a.
0% p.a. for 12 months and then 21.99% p.a.
$79 $0 in the first year
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Qantas Money
Qantas Premier Everyday
0% p.a. for 12 months and then 21.99% p.a.
19.99% p.a.
$49 $29 in the first year
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CUA
Low Rate Credit Card
0% p.a. for 13 months and then 21.74% p.a.
11.99% p.a.
$49 $0 in the first year
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Virgin Money
Virgin Australia Velocity Flyer Card - Purchase Rate Offer
0% p.a. for 6 months and then 20.99% p.a.
0% p.a. for 14 months then 20.74% p.a.
$129 $64 in the first year
Promoted
Suncorp
Clear Options Platinum
0% p.a. for 14 months and then 21.99% p.a.
0% p.a. for 14 months then 20.74% p.a.
$129 $49 in the first year
Promoted
Qantas Money
Qantas Premier Platinum
0% p.a. for 18 months and then 21.99% p.a.
19.99% p.a.
$299 $199 in the first year
Promoted
American Express
Velocity Escape Card
0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)
20.74% p.a.
$0
Promoted
Qantas Money
Qantas Premier Platinum
1 point per dollar on Mastercard, up to $10,000 per month, then
0.5 points per dollar on Mastercard, uncapped
19.99% p.a.
$299 $199 in the first year
Promoted
CUA
Platinum Credit Card
1 point per dollar on Mastercard, up to 100000 points per year
19.99% p.a.
$149 $0 in the first year
Promoted
Qantas Money
Qantas Premier Everyday
0.75 points per dollar on Mastercard, up to $3,000 per month, then
0.4 points per dollar on Mastercard, uncapped
19.99% p.a.
$49 $29 in the first year
Promoted
Suncorp
Clear Options Platinum
1.25 points per dollar on Visa, uncapped
20.74% p.a.
$129 $49 in the first year
Promoted
HSBC
Platinum Credit Card (Special Offer)
1 point per dollar on Visa, up to 10000 points per month
19.99% p.a.
$129 Refunded when you spend over $6,000 p.a
Promoted
American Express
Velocity Escape Card
0.75 points per dollar on Amex, uncapped
20.74% p.a.
$0
Promoted
ANZ
Frequent Flyer
0.5 points per dollar on Visa, up to $500 per month, then
0.25 points per dollar on Visa, uncapped
20.24% p.a.
$95
Promoted
Bankwest
Qantas Platinum Mastercard
0.75 points per dollar on Mastercard, up to $2,500 per month, then
0.3 points per dollar on Mastercard, uncapped
20.49% p.a.
$160 $80 in the first year
Promoted
Qantas Money
Qantas Premier Everyday
0% p.a. for 12 months and then 21.99% p.a.
$49 $29 in the first year
19.99% p.a.
Promoted
Suncorp
Clear Options Platinum
0% p.a. for 14 months and then 21.99% p.a.
$129 $49 in the first year
0% p.a. for 14 months then 20.74% p.a.
Promoted
CUA
Low Rate Credit Card
0% p.a. for 13 months and then 21.74% p.a.
$49 $0 in the first year
11.99% p.a.
Promoted
ANZ
Platinum
0% p.a. for 18 months and then 20.24% p.a. (2.00% balance transfer fee)
$87 $0 when you spend over $20,000 p.a, $0 in the first year
20.24% p.a.
Promoted
Qantas Money
Qantas Premier Platinum
0% p.a. for 18 months and then 21.99% p.a.
$299 $199 in the first year
19.99% p.a.
Promoted
HSBC
Platinum Qantas Credit Card
0% p.a. for 12 months and then 21.99% p.a.
$79 $0 in the first year
19.99% p.a.
Promoted
American Express
Platinum Edge Credit Card
0% p.a. for 12 months and then 20.74% p.a. (1.00% balance transfer fee)
$195
20.74% p.a.
Promoted
Virgin Money
Virgin Australia Velocity Flyer Card - Ongoing Annual Fee Offer
0% p.a. for 18 months and then 20.99% p.a.
$50
20.74% p.a.
Promoted
CUA
Low Rate Credit Card
11.99% p.a.
$49 $0 in the first year
0% p.a. for 13 months and then 21.74% p.a.
Promoted
Virgin Money
Virgin Australia Velocity Flyer Card - Purchase Rate Offer
0% p.a. for 14 months then 20.74% p.a.
$129 $64 in the first year
0% p.a. for 6 months and then 20.99% p.a.
Promoted
NAB
Low Rate Card
0% p.a. for 6 months then 13.99% p.a.
$59
0% p.a. for 6 months and then 21.74% p.a. (2.00% balance transfer fee)
