Until 30 June, HSBC is offering a generous 60,000 bonus Qantas Points with the HSBC Platinum Qantas Credit Card, which is one of Australia’s best Visa cards for modest spenders who love earning Qantas Points.
This is the biggest bonus we ever see for a sub-$200 annual fee card (the fee is $199) and on top of that, you can enjoy a range of benefits that offset the fee, including a new perk that allows you to save money with thousands of merchants.
If you’re looking for a high-quality Visa card to add to your wallet, this is one of my favourites on the market.
Here are the reasons I love this card, with more details and a mobile-friendly application form available here.
1. Receive a high points earn rate on spend
The HSBC Platinum Qantas Credit Card is one of the few Visas or Mastercards that earns 1 Qantas Point per dollar on everyday spend.
You’ll get this high points earn rate on eligible purchases in both Australia and overseas, capped at $2,500 per month. Above this cap, you’ll still earn a decent 0.5 Qantas Points per dollar up to a maximum of 7,500 points per month.
Eligible purchases are all purchases except interest free and other promotions, balance transfers, business expenses, cash advances, fees and charges, disputed transactions, BPAY® and government fees or charges.
If you’re not a massive spender (which is most people), then you’re unlikely to exceed the $2,500 monthly cap (or at least not by much). That means you can be satisfied you’re getting a fantastic points earn rate on your spend.
As a bonus, you’ll receive an extra 1 Qantas Point per dollar on selected Qantas products and services, such as flights, and these bonus points are not subject to capping.
2. Enjoy complimentary domestic and overseas travel insurance
You’ll receive 4 months of insurance cover for overseas travel, provided at least 90% of your return travel ticket has been charged to your card.
This cover extends to your spouse and dependants so long as they are travelling with you and at least 90% of their overseas return travel tickets were paid for on the card.
I really like the cover provided by the insurance policy. It includes cover for:
- unlimited hospital and medical expenses
- luggage and travel documents (up to $25,000 for an individual or $40,000 for a family)
- travel cancellation, delay and disruption costs
- rental vehicle excess up to $3,000
- legal liability up to $2.5 million
- transit accident insurance.
You’ll also receive complimentary domestic travel insurance when you pay for return tickets with your card. It includes cover for trip delay and cancellation costs, luggage delay and loss, and rental vehicle excess, for both you and your family.
3. Save money with membership to Frequent Values™ by Entertainment Publications
Many people love saving money with the popular “Entertainment Book”, and with the HSBC Platinum Qantas Credit Card you’ll get free membership to its digital sibling, Frequent Values by Entertainment.
This membership similarly entitles you to over 4,500 offers at restaurants, supermarkets, department stores, cinemas, family attractions, hotels and more.
What’s even better than the traditional Entertainment Book is that your discounts will be valid nationally and there’s no limit on how many times you can claim an offer with a merchant (just a maximum of one claim per day).
You’ll enjoy benefits like:
- 20% off your total bill at over 1,900 restaurants (up to $25)
- up to 50% off the rack rate or 10% off the best promotional rate at leading hotels, motels and resorts
- 5-10% off selected airfares with Virgin Australia, Emirates, Hawaiian Airlines and others
- savings at leading national attractions, local activities, takeaway outlets and more.
This great new perk can easily save you most or all of the $199 annual card fee.
4. Enjoy a range of other valuable card benefits
Here’s a rundown of other valuable card perks you’ll receive:
- free supplementary cards for family or friends over 16 years of age
- an optional 0% balance transfer from non-HSBC cards for 12 months
- free Qantas Frequent Flyer membership if you’re not already a member (saving you $89.50)
- Purchase Protection Insurance: 90 days of worldwide cover against loss, theft or accidental damage of personal goods purchased with your card
- Extended Warranty Insurance: up to one year on top of the manufacturer’s Australian warranty for personal goods purchased with your card
- Guaranteed Pricing Scheme: compensation when you buy a personal good at a physical store and it’s then advertised at a store nearby for cheaper
- Visa Premium Benefits: your connection to exclusive experiences, from backstage passes to tickets to gallery openings
- home&Away Privilege Program: use your HSBC credit card to get discounts and exclusive offers at over 27,000 merchants in Australia and overseas.
How to qualify for the 60,000 Qantas Points and apply
60,000 Qantas Points goes a long way. For example, you could fly from Melbourne or Sydney to Bangkok, or from Brisbane to Tokyo, in economy return for 56,000 points plus taxes, or one way in stylish business class for 60,000 points plus taxes.
Use your points to enjoy Qantas business class
The minimum spend to receive the bonus points is $3,000 within 3 months of account opening, which should be fairly easy to achieve.
Existing HSBC customers transferring from another HSBC credit card or customers who have held a HSBC Platinum Qantas Credit Card within the last 18 months or HSBC Premier World MasterCard or HSBC Staff are ineligible for this offer.
The minimum income is $40,000 p.a. – which makes this card very accessible – and the minimum credit limit is $6,000.
This is one of Australia’s best Qantas credit cards and the generous 60,000-point bonus is enough to book a holiday, so don’t miss out on this opportunity. It ends 30 June!
If you decide to apply for this card via the above link, we’ll receive a small commission from HSBC. This income helps keep the blog running, and we thank you for your support!
Please note that we are not a credit services provider and we are not suggesting that you should apply for this specific credit product. You should seek independent, professional advice and consider your personal circumstances before making a decision to apply for a credit product.