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Reading and relaxing in hammock outdoor; image used for HSBC Australia Platinum Credit Card with Balance Transfer offer.

HSBC Platinum Credit Card

Enjoy 0% p.a. interest on balance transfers for 36 months1 with no balance transfer fee, and a reduced annual fee of $29 in the first year.

HSBC Platinum Credit Card

Why choose the HSBC Platinum Credit Card?

Manage your balances with everything in one place, and enjoy well-earned rewards for everyday spending:

  • 0% interest on balance transfers for 36 months1 with no balance transfer fee

  • reduced annual fee of $29 in the first year ($129 thereafter)2

  • earn 2 Rewards Plus points per dollar spent on eligible international purchases and 1 Rewards Plus point per dollar for all other eligible purchases3

Available when you apply for a new Platinum Credit Card. HSBC may change or end this offer at any time. Please see full terms and conditions below. Other fees and charges apply.

Rates & Fees

  • Up to 55 days interest free on card purchases6 (card purchase rate 19.99% p.a.)
  • $29 annual fee in the first year2 ($129 thereafter)
  • $6,000 minimum credit limit

Ways to open:

Online, branch, phone

Features & Benefits

Features

  • HSBC Instant Savings4
    20% off dining and Retail savings of up to 25% with your free membership to Frequent Values™ by Entertainment Publications. See full list of participating merchants here.
  • Complimentary insurance benefits5
    Enjoy Domestic and International Travel Insurances with rental vehicle insurance excess cover, Transit Accident Insurance, Extended Warranty Insurance, Guaranteed Pricing Scheme and Purchase Protection Insurance.
  • Up to 55 interest-free days6
  • Mobile Payments7
    Apple Pay and Google PayTM, can be used wherever you can make contactless purchases, online, and at participating retailers in store.
  • My Card Control
    Choose when and how to use your card. Contactless, online, over the phone and international transactions can be switched on and off to meet your needs.

Rewards options

  • 2 Airport lounge passes every year8
    Travel in style with LoungeKey membership.
  • Rewards Plus program3
    Earn 2 points per dollar on overseas purchases and 1 point per dollar for all other purchases. This is capped at 10,000 points per statement period.
  • Visa Premium Benefits
    Money-can't-buy experiences, from backstage passes to tickets to gallery openings. For more information, visit visapremium.com.au.
  • home&Away Privilege Program9
    Your gateway to exclusive offers and privileges from our 27,000 selected partners at home and overseas.

Credit Card Fees and Charges

Credit Card Fees and Charges

Feature Details
Annual Credit Card Fee
$29 in the first year2 ($129 thereafter)
Interest Free Period on purchases
Up to 55 days6
Minimum Income Requirement
$40,000 p.a.
Minimum Credit Limit Offered
$6,000
Interest Rate for Purchases
19.99% p.a.
Interest Rate for Cash Advances
21.99% p.a.
Late Payment Fees
$30
Overseas Exchange Fees
3%
Cash Advance Fees
The higher of 3% or $4
Rewards Program
Yes
home&Away Privilege Program9
Yes
Multiple additional cards for family or friends over 16 years
Yes (no fee)
Complimentary insurance benefits5
Yes

Credit Card Fees and Charges

Feature Annual Credit Card Fee
Details
$29 in the first year2 ($129 thereafter)
Feature Interest Free Period on purchases
Details
Up to 55 days6
Feature Minimum Income Requirement
Details
$40,000 p.a.
Feature Minimum Credit Limit Offered
Details
$6,000
Feature Interest Rate for Purchases
Details
19.99% p.a.
Feature Interest Rate for Cash Advances
Details
21.99% p.a.
Feature Late Payment Fees
Details
$30
Feature Overseas Exchange Fees
Details
3%
Feature Cash Advance Fees
Details
The higher of 3% or $4
Feature Rewards Program
Details
Yes
Feature home&Away Privilege Program9
Details
Yes
Feature Multiple additional cards for family or friends over 16 years
Details
Yes (no fee)
Feature Complimentary insurance benefits5
Details
Yes

Applying is easy

Who can apply

  • Must be over 18 and be an Australian resident
  • Earn at least $40,000 p.a.
  • Have a good credit rating

Information needed

  • Identification
  • Address details
  • Income and employment

What to expect

  • Apply securely online in 10 minutes 
  • Get an instant response in 60 seconds 
  • Upload extra documentation

Applying online is easy and takes just 10 minutes. Complete your application today.

Credit provided by HSBC Bank Australia Limited ABN 48 006 434 162 Australian Credit Licence 232595. Offer available when you apply for a new Platinum Credit Card. HSBC may change or end this offer at any time. Fees, charges, terms, conditions and HSBC’s lending criteria applies to all credit cards issued by HSBC. Visit hsbc.com.au or call 1300 308 880. Interest rates are valid at the time of publication and are subject to change. View Terms and conditions (PDF, 101 KB) for full details.

Apple, the Apple logo, iPhone, iPad, Apple Pay and Apple Watch are trademarks of Apple Inc., registered in the US and other countries. 

  1. To be eligible for the introductory balance transfer rate, the balance transfer request must be made when applying for the HSBC Platinum Credit Card. Your total balance transfers must not exceed 90% of your approved credit limit. The interest rate on the balance transfer applies for 36 months and must be from non-HSBC credit cards. After this period, any balance outstanding from the balance transfer will accrue interest at the cash advance rate (currently 21.99% p.a. and subject to change). HSBC will allocate payments received from you to pay off the portion of your balance attracting the highest interest rate first and subsequently to portions of your balance attracting lower interest rates. This may mean applying any and all payments made to your Platinum Credit Card account to pay off other transactions such as purchases and cash advances before any balance transfer amount. 
  2. The annual fee will be $29 in the first year and charged on the first statement of account. This will return to $129 in following years and is subject to change.
  3. HSBC's Credit Card Rewards Terms and Conditions apply. A points capping limit of 10,000 points per statement period applies. Eligible purchases exclude interest free promotions, balance transfers, cash transfer, business expenses, cash advances, fees or charges, any disputed transactions, BPAY® and any government fee or charge.
  4. HSBC Instant Savings terms and conditions apply. Visit hsbc.com.au/credit-cards/terms for full details.
  5. Insurance policies are issued by AWP Australia Pty Ltd ABN 52 097 227 177(AFSL No. 245631) trading as Allianz Global Assistance (under a binder from Allianz Australia Insurance Limited ABN 15 000 122 850 (AFSL No. 124708) and HSBC Bank Australia Limited (ABN 48 006 434 162) (AFSL 232595). Terms and conditions for HSBC insurance policies, limits and exclusions apply and are available at www.hsbc.com.au. An excess may apply. HSBC does not issue these insurances and does not receive commissions on these policies or guarantee any benefits under this cover. HSBC has entered into master policies for the benefit of cardholders. The cover provided is at no additional cost to cardholders. This provides general information only and does not take into account what you currently have, want or need for your financial future. You should consider these matters and read the Information Booklet available at hsbc.com.au or by calling 1800 648 093.
  6. Up to 55 days interest free on purchases will depend on when you make your purchases, when your statement is issued, and if you pay off the outstanding balance on your next statement of account on or before the due date. There are no interest free days for cash advances. You will only receive the benefit of an interest free period on purchases if you pay your full closing balance (excluding any balance transfer, cash transfer and promotional purchases) by the due date.
  7. Terms and conditions apply to the use of Apple Pay and Google Pay. Excludes HSBC Corporate Cards.
  8. Terms and conditions apply for Airport Lounge Passes
  9. Terms and conditions apply for the home&Away Privilege Program