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HSBC Platinum Credit Card

HSBC bill the HSBC Platinum Credit Card as their most Prestigious credit card. A title it may well deserve given the extensive range of features this card comes pre packaged with, ranging from the 24/7 Concierge service, a range of complimentary insurances, a flexible global rewards program and access to Visa Platinum privileges.

Introductory Offer: 0% p.a. Balance Transfer for 22 months

Offer conditions: Apply by 31st October 2017. An annual fee of $99 p.a. but this will be credited back each year for customers applying between 5th May 2017 to 31st October 2017 and who spend $6000 on eligible purchases in 12 months. A 2% balance transfer fee applies.

The earn rate of 1 point per $ of spend is in the mid range but opportunities to improve this are available when you shop at HSBC platinum partner outlets who offer double and triple reward points. Further more hundreds of instant rewards are available through the HSBC home & Away program

Looking a the scope of benefits packed into this card it is clear that this is a fully featured premium offering:

  • Visa Platinum Concierge service - Wherever in the world you may be, your own concierge can help you with a host of services.
  • Visa Platinum Airport service
  • Option to redeem your HSBC Rewards Plus points for Velocity Points - 2 HSBC Rewards Plus points will give you 1 Velocity Point, which you can use to purchase flights on Virgin Australia and their partners including Air New Zealand, Delta Air Lines, Etihad Airways and Singapore Airlines. 
  • Interest Free period - Up to 55 days interest free on purchases when you pay the full balance (including any balance transfer, promotional purchases and the 0% p.a. balance transfer offer by the due date each month.
  • Protecting you and your purchases - extended warranty, a pricing gurantee scheme, purchase protection, and complimentary insurances.
  • Free additional card holders
  • Vine Plus program membership - a premium wine club
Credit Card Details
Provider HSBC
Prestige Level Platinum
Credit Card Type Visa
Instant Approval Yes in 60 seconds
Standard Rates
Purchase Rate 19.99%
Cash Advance Rate 21.99%
Interest Charged From Purchase date
Interest Free Period Up to 55 days
Balance Transfer
Balance Transfer Rate 0%
Balance Transfer Period 22 months
Balance Transfer Fee 2%
Balance Transfer Processing Time 10 - 14 days
Max. Balance Transfer 95% of credit limit
Revert rate 21.99% p.a.
Benefits
Intro Offer 0% p.a. Balance Transfer for 22 months
Offer end date 31st October 2017
Rewards Program HSBC Rewards Plus
Rewards Points Earn 1 Rewards Point on every dollar you spend on eligible purchases and choose your own rewards
Acceptance Criteria
Age to Apply 18
Min. Income $40,000
Residency Australia
Temporary residents No
Min. Credit Limit $6,000
Joint applicants No
Fees & Terms
Min. Monthly Repayment $20
Annual Fee $0
Over Limit Fee $30
Duplicate Statement fee $8
Late Payment Fee $30
Min. Monthly Repayment % 3%
Max. Credit Limit $60,000
Cash advance fee The higher of $4 or 3% of the total transaction amount (including any fees or charges imposed by HSBC or a 3rd party to effect the transaction)
Additional card holder fee $0
Travel & Insurance
Foreign currency conversion fee 3% of transaction value
Overseas atm withdrawal fee $0
Complimentary travel insurance Complimentary International Travel Insurance & Transit Accident Insurance

What happens when I click "Go to site"?

  • 1

    Clicking Go to site will direct you to the providers web site

  • 2

    Complete the online application on the providers web site

  • 3

    Once approved the provider will issue your new product, delivery times will vary by provider.