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HSBC Premier World Mastercard: 2 Complimentary Airport Lounge Dragon Passes Every Year, $1=1.5qff 1st Year, $0 Annual Fee @ HSBC

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HSBC Premier World Mastercard: 2 Complimentary Airport Lounge Dragon Passes Every Year, $1=1.5qff 1st Year, $0 Annual Fee @ HSBC
Go to Deal
hambogan on 14/03/2024 - 23:06 hsbc.com.au (7178 clicks)
Last edited 28/03/2024 - 00:15 by 1 other user

HSBC now provides 2 complimentary airport lounge passes every year for Premier World Mastercard holders.

Travel in style with 2 airport lounge passes every year with Mastercard Travel Pass, provided by DragonPass

https://mastercardtravelpass.dragonpass.com/

If you choose Qantas Rewards, you get 1.5 Qantas points per $1 spent for the first year then 1 point per $1 spent after.

Earn 1.5 Qantas Points per $1 spent on eligible purchases, up to $120,000 during the first 12 months of your account, and 1 Qantas Point per $1 in subsequent years

If you choose Reward Plus, you get 1.5 Rewards Plus points per $1 spent on eligible purchases, which can be redeemed for Singapore Airlines KrisFlyer, Cathay Pacific Asia Miles or Virgin Australia Velocity points. This is equivalent to 0.75 miles per $1 spent.

Earn 1.5 Rewards Plus points per $1 spent on eligible purchases, up to $120,000 spent per year

Additional features:

  • Complimentary insurance

    Get domestic and international travel insurance with rental vehicle excess insurance in Australia, transit accident insurance, extended warranty insurance, and purchase protection insurance.

  • Access to the HSBC Instant Savings app

  • Ongoing $0 annual fee

To be eligible for this card, you need to have HSBC Premier customer status in Australia
https://www.hsbc.com.au/premier/

Financial Airport Lounge Credit Card MasterCard

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Comments

  • superforever on 14/03/2024 - 23:14
    +20

    Got charged last time have to lodge a complaint.

  • n14pulsarq on 14/03/2024 - 23:14
    +4

    Seems better then my HSBC Platinum Credit Card, that now costs $149 per year.

    • Boomer85 on 14/03/2024 - 23:26
      +2

      This seems like a free version of Platinum but need to be Premier first

    • Jamesx on 15/03/2024 - 09:07
      +5

      To have HSBC Premier status you need to Hold $150k+ in a HSBC account or deposit $9k every month into an account. please be aware of this ##Australian HSBC customers demand action over $6.3m 'spoofing' scam##
      HSBC just dont give a shit! Typical colonial tradition.

      • utsc on 15/03/2024 - 09:56
        +2

        What happens if the card holder does not meet the requirements after the card issued?

        That is withdraws the $150k deposit or stops monthly $9k after the card is issued

        • daoddv on 19/03/2024 - 23:53

          I think I read that somewhere if you are not qualified for 6 (or maybe 3) consecutive months, you are not premier anymore. But no problem with the card.

        • [Deactivated] on 30/03/2024 - 07:58

          According to HSBC the card may be withdrawn, this is what they told me, I suppose they will probably give a bit of notice if so.

      • foxmulder on 15/03/2024 - 18:21

        HSBC serious Saver accounts only gives out 3.3% pa, thus you will lose out $2700 per year for that $150k by not putting your money elsewhere.

  • swiggity123 on 14/03/2024 - 23:42
    +2

    Great card to have get Qantas points wherever Amex isnt accepted, 1.5 QP/$

    • mastablasta on 15/03/2024 - 00:39
      +2

      Reverts to 1 QP/$ after owning the card for 12 months

      • Hugh G Rection on 15/03/2024 - 06:56
        +9

        that's when you close it and move on.

    • swiggity123 on 14/03/2024 - 23:54
      +10

      Treat it like a debit card

    • hamwhisperer on 15/03/2024 - 01:29
      +35

      Are you new to bargaining? Who ever pays interest?

        • fod on 15/03/2024 - 07:19
          +26

          Who ever pays interest on cc's?? Not ozbargainers, that's for sure.

        • hamwhisperer on 16/03/2024 - 05:40

          Don't use the credit? It's easy.

          • bigtimmyc on 16/03/2024 - 09:48
            -3

            @hamwhisperer: Obviously don't use it. That wasn't the point I was making.

            All it took was 2 airport lounges and apparently that's enough to convince people to take 5 digit lines of credit?

            • bigtimmyc on 16/03/2024 - 12:46

              @bigtimmyc: **lounge passes

            • dongltron on 17/03/2024 - 00:00

              @bigtimmyc: Yes mate, because people here are much more likely to be financially tuned in and not stupid enough to get into crippling credit card debt.

              You're focusing a lot on the lounge passes, but Qantas points and the many other benefits that are standard across most credit cards are also pretty beneficial. Why use a debit card when you can earn points on the credit card that you USE as a debit card with ONLY money you have. That's how you're meant to use them.

  • Fuzor on 14/03/2024 - 23:43
    +2

    What a great card for no annual fee! The only downside is the minimum credit amount of $10000

    • Dark Zeus on 14/03/2024 - 23:47

      Is that mean to spend $10k minimum per year?

      • Fuzor on 14/03/2024 - 23:52
        +5

        No its a free country, you spend however much you want to spend. No one's gonna dictate your spending amount. Its just credit amount is set at min $10,000. I prefer having a lower amount so it doesn't affect your borrowing capacity.

        • kenan3cn on 15/03/2024 - 08:06
          +4

          No one? You sure? ;-P

          This card dictates that you spend >$2000 a month or pay a fee: https://www.commbank.com.au/credit-cards/smart-awards.html

          • ccir on 15/03/2024 - 09:25
            +2

            @kenan3cn: Yup. Was using CommBank gold cc for 10 years. Just cancelled it after they changed the minimum spend to 2k per month.

            Now looking at Bankwest platinum which has 0 fees, no international transaction fees and travel insurance

            • legelas on 15/03/2024 - 10:50

              @ccir: Same here. When my annual fee lapses, I will move on. 15k a year is doable, but not 2k a month

      • BepisCola on 15/03/2024 - 07:35
        +1

        they mean minimum credit limit

    • swiggity123 on 14/03/2024 - 23:54
      +1

      Cries in Amex with a $32,000 minimm credit

      • Almeister on 15/03/2024 - 07:06

        Wow. What card is this?

      • askvictor on 15/03/2024 - 07:10
        -2

        But amex isn't a credit card

      • T-man on 15/03/2024 - 07:55

        income or credit?

      • soundboy5010 on 02/09/2024 - 20:41

        Heh, they removed my $142,000 limit last week. Soooo… no limit now. Woohoo.

  • Thranrond on 14/03/2024 - 23:48
    +10

    Pretty good!!
    Shame there’s a 3% international FX fee though

    • xrailgun on 14/03/2024 - 23:51
      +2

      wow that's huge. also ironic since their free debit card has no international fees.

      • Thranrond on 14/03/2024 - 23:52
        +4

        Guess the money has to come from somewhere

      • Hugh G Rection on 15/03/2024 - 06:57
        +2

        that's what she said

    • swiggity123 on 14/03/2024 - 23:53

      Use latitude instead

      • Thranrond on 14/03/2024 - 23:58
        +1

        No points with it unfortunately

        • swiggity123 on 15/03/2024 - 00:26
          +4

          Correct me if Im wrong but I dont think there is a card that lets you get points AND no transaction fees. Its normally one or the other. I would take the no fees anyday.

          • littlesoldier on 15/03/2024 - 00:42
            +2

            @swiggity123: The Diners club card from Citi credit card used to be one of the best to get points, while no international transaction fee
            but the card got cancelled after NAB taking over Citi :(

            • Jamesx on 15/03/2024 - 09:03
              +2

              @littlesoldier: If anyone accept Diners!

            • UrMumsOnlyFan on 16/03/2024 - 01:56

              @littlesoldier:

              no international transaction fee

              My brief experience testing the Citi Diners against multiple other cards showed a consistently lower exchange rate, which therefore may as well have been a fee. No free lunch.

              In any event, Diners is done - Australians lose appetite for Diners Club, all accounts closing soon

              A statement on the brand’s website confirms the imminent departure, noting “As of 15 April 2024, Diners Club will no longer offer Diners Club Business Cards issued in Australia.”

              Of course, the revelation doesn’t come as a complete surprise. The closure of Diners Club’s business membership arm closely follows the end of personal accounts, which ceased in Australia on January 31 of this year.

            • lonewolf on 20/03/2024 - 15:12

              @littlesoldier: yup i miss this card.

          • mandelbrot on 15/03/2024 - 01:13
            +7

            @swiggity123: Bankwest more platinum or world MasterCard has zero international transaction fees and get points.

          • His_Holiness on 15/03/2024 - 01:18

            @swiggity123: Coles Rewards does

            • noone on 15/03/2024 - 01:30

              @His_Holiness: The free one do charge a fee.

              The platinum which is $99 a year has no international transaction fee

          • casval on 15/03/2024 - 03:12
            -2

            @swiggity123: Amex Qantas or Velocity. Free and points.

          • countmein on 15/03/2024 - 06:37
            +1

            @swiggity123: Cba smart rewards, easy to avoid fees by spending 2k per month. In this climate, spending 2k is easily done, eg health insurance, groceries, fuel, already cover almost half

            • markis10 on 15/03/2024 - 08:08
              +4

              @countmein: CBA ultimate rewards has no fx fee, and two lounge passes

              • sub102 on 15/03/2024 - 12:05
                -1

                @markis10: But does it have an annual fee?

                • UrMumsOnlyFan on 17/03/2024 - 11:01

                  @sub102: Not an annual fee but a monthly fee of $35, which is waived if you spend at least $4,000 in the statement period.

                  • sub102 on 17/03/2024 - 17:24
                    -1

                    @UrMumsOnlyFan: Which is almost unachievable for most people so cannot compare with this

                    • UrMumsOnlyFan on 17/03/2024 - 17:36
                      +2

                      @sub102: I didn't compare, I just answered your question.

                      I'll be applying for this … once I pass the six month hurdle 🙄

                      • sub102 on 17/03/2024 - 17:42

                        @UrMumsOnlyFan: Thanks mate. Oh so if you don't have Premier you have to wait 6 months to get through that hurdle before even applying to this credit card

          • Boomer85 on 15/03/2024 - 10:34

            @swiggity123: I think suncorp cc is

          • Elitebhy on 15/03/2024 - 17:50

            @swiggity123: Coles plat Mastercard 2 Flybuys per point and no exchange fees, $99 a year.

        • firestint on 15/03/2024 - 10:53
          +2

          Credit / debit cards with no international transaction fee - https://www.ozbargain.com.au/wiki/cards_with_no_overseas_tra…

  • tunzafun001 on 15/03/2024 - 00:07
    +1

    Instant Savings (watered down Ent Book) has been good. But the 10k minimum..too high for this $4k type minimum card

  • xscape on 15/03/2024 - 00:13
    +6

    Seems good, but you need to hold HSBC Premier customer status in Australia.

    Hold $150k+ in a HSBC account or deposit $9k every month into an account.

    • ssd01 on 15/03/2024 - 00:20
      +1

      Can you transfer 9k back and forth every month to get 'Premier customer status'?

      • hashtagbargain on 15/03/2024 - 00:28
        +1

        Sounds like it

      • xscape on 15/03/2024 - 00:53

        Not sure unfortunately, but it doesn't not stipulate it in the terms.

        Accounts Terms
        This includes funds paid into any HSBC Australia transaction account, savings account, mortgage offset account or home loan account. It excludes funds deposited in foreign currency and funds transferred from another HSBC Australia account, including from another HSBC customer.

        https://www.hsbc.com.au/premier/#7

        • littlesoldier on 15/03/2024 - 01:09
          +5

          As long as it's transferred from another bank (other than HSBC)
          then you will be eligible to meet the $9000 monthly deposit requirement
          It's actually pretty easy to set auto pay (back and forth) between 2 banks

      • sub102 on 15/03/2024 - 01:18

        Of course

      • supperman on 15/03/2024 - 08:21

        Yes, but need to do it six months in a row to qualify.

      • Boomer85 on 15/03/2024 - 10:35

        6 consecutive months i believe

  • viper8548 on 15/03/2024 - 00:18

    Am I seeing this right??? 1.5qff points per $1 mastercard with $0 annual fee?!?!?

    • hambogan on 15/03/2024 - 00:25

      1.5 for the first year then 1 point per $1

      • swiggity123 on 15/03/2024 - 00:27

        Still really good - now I have no need for my Westpac Altitude!

    • viper8548 on 15/03/2024 - 10:15

      i’ve never seen a non amex card with anywhere close to $1=1qff point for nearly 10 years

      • SydChamp on 15/03/2024 - 23:01

        ANZ Black Qantas - using it for last 8 years (Free with home loan, otherwise you pay annual fees)
        1 Qantas Point per $1 spent on eligible purchases~ up to and including $7,500 per statement period

  • littlesoldier on 15/03/2024 - 00:38
    +13

    I think OP should mention only HSBC Premier customer can apply for this card…

    • Fuzor on 15/03/2024 - 01:02

      Yeah good point! I just read that to be eligible you need savings balance of $150000

      • littlesoldier on 15/03/2024 - 01:04
        +3

        or $9000 deposit monthly

        As long as you have $9000 from another bank
        you can set auto transfer to HSBC of $9000 once a month
        and set auto transfer back to your other bank the next day

        • Fuzor on 15/03/2024 - 01:11

          Oh right. I assumed that it was $9000 in income.
          Does it effectively mean if the $9000 transfers stop, then we'll not be able to continue to hold the Premier World card?

          • littlesoldier on 15/03/2024 - 01:21

            @Fuzor: logically yes, but I have asked before that usually stopping for 1 month wont hurt your premier status
            havent really tested the rule though

            • daoddv on 20/03/2024 - 00:00

              @littlesoldier: I skiped 2 months and no problem. I read it somewhere on their webiste but dont remember exactly, maybe 3 months or even more.

          • Jonzay on 15/03/2024 - 04:46

            @Fuzor: Yes, it suddenly gets extremely heavy and cannot be picked up, I highly recommend you avoid clubbing on the night it ticks over because it will rip through your wallet and pants and crush your foot if you aren't careful

      • eeeee on 15/03/2024 - 07:48

        This savings balance cannot be in an offset though!!!

  • littlesoldier on 15/03/2024 - 00:59
    +2

    This is a great card for those wishing to earn Qantas points on spending
    $1 = 1.5 QFF (for the first year) is one of the best earning rate credit card I believe

    Even AMEX Qantas ultimate only earns 1.25QFF per $1 spending

  • WwDesi on 15/03/2024 - 01:10
    +2

    Minimum income requirement $75000 why why

    • ripoffmerchant on 15/03/2024 - 10:06
      +1

      Responsible lending, most likely.

  • Trying2SaveABuck on 15/03/2024 - 03:15

    Just threw an enquiry, hopefully i get this jas the platinum till they added the $149 fee to it for years

    Prior to that the Fee was reimbursed after you spent 3k on the card

    The lounge passes are actually great and there free insurance covers more then my current Amex card

  • almostfrench on 15/03/2024 - 03:26

    Having this credit card for years and I didn't know about these passes until they emailed saying they have switched to Dragon Pass, perfect timing for my overseas trip end of last year. 2 passes used, not wasted :-)

    • FurioG on 15/03/2024 - 07:35

      You didnt miss out, before the switch it was discounted lounge passes, something like usd 30 if im not mistaken, free lounge passes is new with this switch.

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