Currently, the HSBC Platinum credit card has a hot balance transfer offer enticing many new customers. The benefits of choosing this card don’t stop there, though. Sign up today and take advantage of a refundable annual fee, valuable travel and shopping perks, and a rewards program. Read on for the lowdown on this enticing card.

3 key benefits of the HSBC Platinum

Long Balance Transfer

0% p.a for 22 months & no transfer fee. New customers only.

Airport Lounge Access

2 airport lounge passes yearly to over 1,100 lounges worldwide.

Annual Fee Refund

$129 p.a. or refunded when spend $6,000 on purchases yearly.

Who can apply?

  • Age & Residence: Must be over 18 years of age and an Australian resident.

  • Minimum Income: $40,000

  • Credit Rating: Have a good credit rating.


Apply now to HSBC's secure website.

Here's what we think about it

We like that the HSBC Platinum card gives customers a 22 months’ balance transfer so they can save money on interest and reduce their credit card debt without expensive fees getting in the way. There’s no charge to set up your balance transfer, either. 

Another plus with this card is that it comes with a rare annual fee refund offer. While the standard yearly cost is $129 for the product, cardholders who spend at least $6,000 on purchases on the card per year (which isn’t hard to do!) get this charge refunded. As a result, qualifying customers can utilise all the benefits of the card without paying anything in fees for the pleasure. 

Some of the excellent services we like that cardholders can take advantage of relate to travel. With this card, kick back in comfort at the airport while you wait for a flight, with 2 complimentary lounge passes annually.

On top of this, travellers will be keen to learn that the HSBC Platinum card provides users with domestic and international travel insurance, plus rental vehicle and transit accident insurance. 

Your annual spending on the card will also help you earn points you can then redeem for frequent flyer miles, gift cards, or even cash back. Note, though, that HSBC limits points earning to 10,000 per statement period. If you don’t mind paying an annual fee and want to be free to earn more points per statement period, you may want to compare other cards before you make your decision.  


What do you get with the HSBC Platinum? Here are all the details you need:

Balance Transfer Offer

Be aware that the balance transfer is available to new customers only. If you’re in this category and transfer your balance, the HSBC Platinum credit card saves you money with its current offer of no transfer fee and 0% interest on your transferred balance for 22 months. This amount must not exceed 90% of the approved card limit, though. 

After the initial 22-month period, any remaining transferred balance will be subjected to 21.99% interest per annum. The current offer may change or end at any time, so if you’re interested, it’s wise to apply for the HSBC Platinum today. 


Refundable Annual Fee

While the card's yearly access cost is $129 p.a., this fee is refunded if you spend at least $6,000 on eligible purchases over 12 months. 

Remember: your transferred balance doesn’t count as a new purchase for this $6,000 total. Also, various other transactions don’t count towards this total, such as cash advances, bank and government charges, cash transfers, business expenses, etc.

People who meet the minimum annual $6,000 spending criteria will have the card’s yearly fee refunded back onto their account within 30 days, provided the account is still active and in good standing.


Lounge Access & Travel Insurances

Cardholders get to use 2 complimentary airport lounge passes annually, choosing from over 1,100 lounges worldwide. They also receive membership in the LoungeKey program. Each lounge pass is for entry for a single person, while the LoungeKey membership is limited to the primary cardholder. 

As mentioned above, the HSBC Platinum card also provides cardholders with insurance for domestic and international travel, rental vehicles, and transit accidents. 


Earn Reward Or Flyer Points

With this card, you’ll collect HSBC “Rewards Plus” points on eligible new purchases. Customers earn 2 points per $1 spent overseas and a single point on other buys, up to the 10,000 points cap per statement period. 

When ready, redeem these points for e-Gift cards, cash back onto your account, or Virgin’s Velocity frequent flyer points. Each Rewards Plus point can be converted into 0.5 Velocity points.  


Shopping, Entertainment & Mobile Pay

This card also delivers if you like to shop and attend concerts and dinners and other fun events. It comes with shopping insurance built-in and other entertainment benefits. Once signed up, you’ll enjoy purchase protection, extended warranty insurance, and access to the “guaranteed pricing” scheme. 

On top, you can buy tickets to all the cool events you want via the Visa Premium Benefits program. You’ll receive complimentary access to this as a cardholder. Plus, add to a free membership to Frequent Values, a program where users can take advantage of deals such as 25% retail savings and 20% off dining at select businesses. 

Mobile payments aren’t forgotten, either. The HSBC Platinum credit card works with both Apple Pay and Google Pay.

Apply now to HSBC's secure website. T&Cs apply.


HSBC Platinum's Key Facts

Annual Fee$129 p.a. or refunded when you spend $6,000 on eligible purchases each year
Minimum Credit Limit$6,000
Purchase Interest Rate19.99% p.a.
Cash Advance Rate21.99% p.a.
Interest Free Days on PurchasesUp to 55 days
Minimum Income$40.000 p.a.
Rewards ProgramHSBC Plus
Insurance BenefitsTravel & Shopping Insurances
Multiple additional cards for family or friends over 16 yearsYes (no fees)
Late Payment Fees$30
Foreign Transaction Fees3%
Cash Advance FeesThe higher of 3% or $4

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