This was posted 3 years 6 months 26 days ago, and might be an out-dated deal.

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HSBC Platinum Credit Card: Bonus 120,000 Pts ($3K Spend in 90d), 0% Int BT for 26 MOs, $0 Year 1 Annual Fee (Exist. Customer)

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HSBC Platinum Credit Card: Bonus 120,000 Pts ($3K Spend in 90d), 0% Int BT for 26 MOs, $0 Year 1 Annual Fee (Exist. Customer)
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Hellcat on 27/05/2021 - 21:01 hsbc.com.au (17930 clicks)
Last edited 15/08/2022 - 09:28 by 4 other users

Received an email so can be targeted but from what I can understand it's for everyone with the link. Otherwise looks like a good deal for free $500 and no fees.

HSBC Platinum Credit Card
Treat yourself with $500 in e-Gift Cards when you spend $3,000 on eligible purchases within 90 days of card approval. Enjoy the gift of time with 0% p.a. interest on Balance Transfers for 26 months (1% balance transfer fee). And relax with $0 Annual Fee in the first year.

Available to new, approved customers who apply for the Platinum Credit Card Available only to existing HSBC customers who are approved. HSBC may change or end this offer at any time. Please see full terms and conditions. Other fees and charges may apply.

Mod: 120,000 Points can be redeemed for $600 Cashback, see here. Thanks to samehada.

Update 15 August: 120,000 points can be redeemed for only $500 cashback now

Financial Credit Card Reward Points

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closed Comments

  • webtherapist on 27/05/2021 - 21:17

    been having their foreign currency account (debit), am I still eligible for this?

    • techlead on 27/05/2021 - 21:43

      No. You need to sign up to their credit card to get the deal. Debit card is not part of it.

      • cheesecactus on 27/05/2021 - 22:33
        +17

        He might be asking "if I already have a debit product with them, am I eligible for this credit card offer" as often there are restrictions for existing customers

    • shegeloaf on 28/05/2021 - 09:57

      Hsbc states

      "excludes interest free and other promotions, balance transfers, cash transfers, business expenses, cash advances, fees and charges, BPAY®, any disputed transactions and government fees and charges. "

      What do they mean by business expense?

      https://www.hsbc.com.au/credit-cards/offers/campaigns/platin…

    • chrislaya on 18/06/2021 - 14:19

      I also have a Debit card. I checked with HSBC via Live Chat and they advised I will be eligible if I received an email (which I didn't).

      Update: I rang HSBC to cancel application and was told by the CS Rep that I am eligible (subject to approval of course). So I decided to keep application.

  • Homr on 27/05/2021 - 21:51
    +7

    perfect, just received my egift card from ANZ rewards, now I'm going to jump on this one

    • wmxc on 28/05/2021 - 07:44

      I still have not received it, even though I hit the 1500 spend before the issue of the second statement. I have also paid everything off :(

      • mcbargainmeal on 28/05/2021 - 07:59

        Isn’t it 2k spend

        • wmxc on 28/05/2021 - 17:02

          nope 1.5k

      • shegeloaf on 28/05/2021 - 10:05

        I got mine emailed to me on wednesday, about 1-2weeks post hitting the limit.

        Maybe some of your purchases are not eligible?

      • Homr on 28/05/2021 - 10:45
        +1

        it'll come dw

        I wasn't tracking my spend and then all of the sudden I got an email from ANZ saying my giftcard is ready to be redeemed haha

      • raybies on 28/05/2021 - 17:52

        I got mine about 3 days after hitting the $1500.. email subject "Your $500 eGift card is ready.".

    • shegeloaf on 28/05/2021 - 09:39
      +1

      Hahaha i also recieved my ANZ giftcard. Ill jump on this too.

      • Vnky on 28/05/2021 - 16:39

        Which ANZ offer you are referring to?

  • Drakesy on 27/05/2021 - 21:53
    -4

    I feel this is still better
    https://www.ozbargain.com.au/node/621640

    • orbital on 27/05/2021 - 22:12
      +1

      Why? Care to backup your opinion? … Besides the obvious $99 annual fee compared to zero on this one

      • Drakesy on 27/05/2021 - 22:26
        -4

        $201 gain per $900 spend
        Vs
        $500 gain per $3000 spend
        Thats Quick Maths

        Although you do get $600 cashback on this card that the op should state rather than the $500 gift cards

        • eatcroissants on 27/05/2021 - 22:38

          I got this email as well,

          And they explicitly mention $500 gift card

          • randomusername2017 on 27/05/2021 - 23:33
            +1

            @eatcroissants:

            Get 120,000 bonus Rewards Plus points when you spend $3,000 on eligible purchases using your new card within 90 days of card approval.¹ That's enough for $500 in e-Gift Cards from great retailers like Bunnings, Coles, Woolworths, Uber and more

        • endolphin on 27/05/2021 - 22:39

          Cashback better value than gift cards?That's gotta be a first.

          • Drakesy on 27/05/2021 - 22:41

            @endolphin: Yep
            Don't make the mistake others did last time

        • randomusername2017 on 27/05/2021 - 23:37

          $500 gain is still better than a $201 gain… Better bt offer on this one too

          Downside… HSBC app

    • cheesecactus on 27/05/2021 - 22:34

      Depends on how much you spend monthly.
      I feel the HSBC deal is better

  • squidz on 27/05/2021 - 21:53

    how do u even spend 3k excluding bpay n all

    • abm77 on 27/05/2021 - 21:58
      +4

      I would just buy gift cards on top of whatever else I used it for during 90 days period.

    • demiurge on 27/05/2021 - 22:00
      +1

      Insurance?

    • jenki on 27/05/2021 - 22:02
      +9

      Prepay 12 months of health insurance maybe… Plus some more ideas here:
      https://www.pointhacks.com.au/credit-card-minimum-spend-guid…

    • ln28909 on 27/05/2021 - 22:10
      +5

      Buy a 3090

      • Skyisblue on 27/05/2021 - 22:15

        Not the LHR ones though 😉

        • shiningblade on 28/05/2021 - 05:30

          No 3090 has hash rate limiter

    • Coronavirus-5G on 27/05/2021 - 22:16
      +2

      Etherium

      • squidz on 28/05/2021 - 09:21
        +1

        crypto is treated as cashout… they attracts additional charges

        • shegeloaf on 28/05/2021 - 09:42
          +1

          Bummer.

        • Coronavirus-5G on 28/05/2021 - 10:50
          +2

          Buillion then

        • DerpFactory on 10/06/2021 - 12:25
          +1

          Are you sure? Maybe it depends on how you're buying it.

          Just buy it using paypal instead?

          It seemed to work for ANZ.

    • Homr on 27/05/2021 - 22:31
      +5

      How can you not?? My average spend is $700 per month and that's just general living expenses.

      $150 per week Groceries
      $50 Fuel per week

      Then add the monthly expenses like internet, gas and electricity and you'll hit $3k easily

      • bargainshooter on 28/05/2021 - 06:27

        Don't you get hit with a card surcharge if you pay gas and electricity by card?

        • Homr on 28/05/2021 - 06:28
          +3

          no, their online payment system is Post Billpay and you link it up with paypal with your CC

    • firestint on 28/05/2021 - 08:54
      +4

      I see you have no kids!

      • squidz on 28/05/2021 - 09:25
        +1

        sounds like liability…..

    • raybies on 28/05/2021 - 17:54

      Usually at Bunnings, Amazon and eBay.

    • elhanm2004 on 09/08/2021 - 13:13

      Ask your wife. She won't have any problem at all with that

  • newlifeap on 27/05/2021 - 21:57

    Am I eligible if I have closed their credit card within last 6 months? Tried to look into fine prints cant find anywhere.

    • twinbag on 27/05/2021 - 22:05
      +2

      Existing HSBC customers transferring from another HSBC credit card or customers who have held any Rewards Plus card types within the last 12 months are ineligible for this offer.

  • diddy50 on 27/05/2021 - 22:15
    -8

    So be mindful that this is HSBC and it's located in Hong Kong. Therefore it's effectively under the control/guidance and supervision of the CCP.

    • Drakesy on 27/05/2021 - 22:29
      +14

      Nothing warms me to the core than taking money from the ccp

      • quirky524 on 29/05/2021 - 20:57

        But HSBC is now mostly owned and managed by British people.

    • BHydney on 27/05/2021 - 22:38
      -1

      HSBC is based in the UK

      • mrau on 28/05/2021 - 12:19

        Hongkong and Shanghai Banking Corporation Limited

        • diddy50 on 28/05/2021 - 15:22

          Based in Hong Kong….

          • raybies on 28/05/2021 - 17:56
            +2

            @diddy50: Has ALWAYS been a UK bank.

            • mrau on 29/05/2021 - 22:30

              @raybies: It was clearly a Hong Kong bank. Let me quote a bit of history:

              "
              The Hongkong and Shanghai Bank" was established in British Hong Kong in 1865 and was incorporated as "The Hongkong and Shanghai Banking Corporation" in 1866, and has been based in Hong Kong
              "

  • webtherapist on 27/05/2021 - 22:15
    +1

    this $500 egift, which retailers can we spend at?

    • digitizer on 27/05/2021 - 22:18
      -5

      Any Chinese retailer 🤷‍♂️

      digitizer on 27/05/2021 - 22:18 (Collapsed - Offtopic. Show)
    • Drakesy on 27/05/2021 - 22:30
      +2

      $600 cashback you can spend anywhere tho

    • Homr on 27/05/2021 - 22:33

      woolworths

    • samehada on 27/05/2021 - 23:32
      +4

      don't bother with giftcard, you can redeem it for cash which is paid to your credit card account and you can spend it anywhere.

      Redemption rate for gift card is more expensive than cashback which seems very stupid way to redeem giftcard. You earn point for spending the cashback amount from your credit card as well.

    • Coronavirus-5G on 28/05/2021 - 10:51

      BCF

  • coolsteps on 27/05/2021 - 22:19

    anyone know of any promo codes for a balance transfer for Existing credit card HSBC customers?

  • noone on 27/05/2021 - 22:21
    +17

    It's actually better if you use the 120,000 points as credit as it equates to $600 credit to your account.

    • endolphin on 27/05/2021 - 22:42

      Thanks for the tip!

      • sh4hp on 28/05/2021 - 05:09

        Just figured out how redemption works.

  • CricNix on 27/05/2021 - 22:25
    +2

    But if you go for the BT offer, you can’t spend $3000 as most banks do not offer interest free days on purchases when you have a BT. Would be interested to know for HSBC too.

    • DaHuntz on 06/06/2021 - 21:08
      +1

      According to Finder.com HSBC Balance transfer does not disqualify you from interest-free days on new purchases.

      • CricNix on 24/06/2021 - 12:00

        Got the card today. Thanks so much for your guidance on this which helped me in applying.

    • sh4hp on 27/05/2021 - 22:40
      +3

      I know! Might as well put the full PDS there while OP is at it!.

      • Mechz on 28/05/2021 - 00:18
        -4

        Don't be disingenuous, It's clearly a bait title and it's not like it would have been too much text.

        • shapebuster on 03/06/2021 - 16:30
          +1

          time to crack out the small violin lads

    • endolphin on 27/05/2021 - 22:41
      +1

      Yes, good idea. Best you just continue living your life without spending… somehow….

  • sh4hp on 27/05/2021 - 22:39
    +2

    The verification takes blurry pictures, as it uses the widelens instead of the normal lens (yeay for >2 lens phones), and now I have to go to an outlet/auspost.

    Just in time for lock down!

    • twaza on 29/05/2021 - 15:02

      mine was fine

      • sh4hp on 29/05/2021 - 16:51
        +1

        Good for you mate. I tried almost 20 times and it was blurry every time I got it close.

    • DerpFactory on 10/06/2021 - 13:15

      Same, terrible system, everything is correct except the license number and you can't edit it to correct it.
      Mine just picks up the 1st digit…

  • samehada on 27/05/2021 - 23:29
    +5

    Why do you want to redeem $500 giftcard when you can redeem for $600 cold hard cash and even earn point on spending that $600?!?

    https://www.hsbc.com.au/ccol/rewardsite/#/rewards/category/2…

    • shegeloaf on 28/05/2021 - 11:06
      -7

      I spoke to HSBC financial executive (whatever that is) and they said you cannot get cold hard cash. The $600 cash is applied to your credit card balance. It acts as cash but you cannot just withdraw without any charge.

      Also, you can redeem for a $500 giftcard. They have jbhifi so I will redeem the points with that.

      • freefall101 on 28/05/2021 - 13:53
        +1

        Or you could spend $600 at JB Hifi with your credit card. Or anywhere else you want.

      • samehada on 28/05/2021 - 16:45
        +3

        Ok this is a few points for you to read.
        1. you tell me how to get 120k points?
        - You need to spend $3000
        2. Then how do you pay this back?
        - Cold hard cash
        3. Then what do you call the cashback redemption to pay back your $3000 credit card balance?
        - Check number 2 above.
        4. Why do you even redeem $500 JBHifi giftcard which is less than $600 when you can just walk in to any JBHifi or even buy online with the $600 that has been paid to your credit card? You even earn 500points for that transactions and still have $100 left to spend after buying $500 from JBHifi.
        - What you are commenting is complete nonsense.

        • CricNix on 24/06/2021 - 12:04
          +1

          And to add, buy a JB giftcard 5% off using that same credit card any day from Suncorp and then use that to pay in JB. 🤷🏻

      • w37hsyea on 10/06/2021 - 21:16
        +1

        shegeloaf - I hope you understand that $600 credit to the card is better than a $500 gift card.

      • gimme on 11/06/2021 - 11:18
        +1

        lol please do not operate heavy machinery

  • vikramhkumar on 27/05/2021 - 23:47
    +3

    Verification process sucks.. I have spent more than 15 mins.. in retaking front & back photos of my driving license, in which its so called HSBC "AI" system reading the DL number incorrectly in a row of 5-6 times everytime and I cannot modify the Driving license number.. stupid system.. I am giving up and going to bed .. will try tomorrow when i can.

    • praga on 28/05/2021 - 00:40

      The same thing happened to me. I had to restart the whole process.

    • UrMumsOnlyFan on 28/05/2021 - 00:45
      +2

      I opted out of the stupid facial recognition and ended up not having to do any verification at all. Existing customer.

      • DerpFactory on 10/06/2021 - 13:22

        Thanks for pointing this out, now I just have to upload bank statements as there's no way I'm giving them access to my bank account?!?!

    • twaza on 29/05/2021 - 15:03

      mine was fine

  • LUPIN XL on 27/05/2021 - 23:47
    +3

    I started filling in the application, but what's the deal with putting details of 'A friend or relative that does not live with you" including their phone number?

    I've never encountered this before in credit card applications.

    • UrMumsOnlyFan on 28/05/2021 - 00:50

      It's stupid but hardly a big deal compared to the epic fail facial recognition for example. If you don't want to enter someone's real details then just make something up.

      • samehada on 28/05/2021 - 01:05

        then they will pass it to debt collector to chase you for debt if they can't find you?

        • UrMumsOnlyFan on 28/05/2021 - 09:20

          Erm no. Debt collectors don't need fake details to find you.

          • samehada on 28/05/2021 - 16:23

            @UrMumsOnlyFan: Not finding you, finding you via your friend or relative. Are they allowed to do that?

    • RogerLoger on 28/05/2021 - 05:09

      Instead of phone a friend, the give you Spam a friend?

  • spammingb on 28/05/2021 - 00:30

    What's the minimum credit limit?

  • The Danger Zone on 28/05/2021 - 07:16

    Just a word of caution…

    I persevered with an application for the same Hsbc deal back in February and was rejected in spite of satisfying all criteria. That's their right but it was strange as my income, credit score are healthy and I have never had an application rejected before.

    It didn't stack up for me, hope others have success though to make the invasive application process worthwhile.

    • hamwhisperer on 28/05/2021 - 08:37

      I once got rejected for a deal here on OZb with Comm bank, I had 6 digits of savings in my bank account and they rejected a CCard application……..

      • BargnHuntr on 28/05/2021 - 10:49

        how many cc, loans, balance transfers, late/pending payments you had at that time?

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