HSBC Star Alliance Card - Keep or Cancel?

bargrin on 20/08/2024 - 21:16
Last edited 20/08/2024 - 21:18

Those with the HSBC Star Alliance card will be coming up to their 1 year Anniversary soon (mine not till March 25).

Wanted to gauge if people going to keep or cancel.

Decision based on following:

  • Card annual fee is $450
  • Must also spend $60k to get Star Alliance Gold
  • Points per month 1:1 at $3k spend then 0.5:1 thereafter
  • Due to points cap and transfers $60k gets you only 38k Aeroplane points
  • If cancel can only apply again after 18 months

Original bargain:
https://www.ozbargain.com.au/node/802518#comment

Poll Options

  • 4
    Keep pay full $450 fee
  • 2
    Keep but seek fee waiver/discount
  • 1
    Keeping as I got a fee waiver/discount
  • 49
    Cancel & reapply after 18 months
  • 8
    Cancel & will not reapply
Financial Credit Card

Related Stores

HSBC
HSBC

Comments

  • newbiew on 26/01/2025 - 14:52

    do they waive the annual fee if you take out a home loan with HSBC?

  • sydney1506 on 28/01/2025 - 10:26

    They've just raised the annual fee from $450 to $499!
    Will seriously now need to consider whether or not I renew.

    "The annual fee for your credit card will be changing from $450 to $499. The updated fee will apply from when your next annual fee is due on or after 11 March 2025."

  • salekhard on 29/01/2025 - 02:26
    +1

    My AC 50K is valid until Dec 31, 2025 although my annual fee is up for renewal next month. Super keen to cancel the card given the fee, but hoping the 50k doesn't get cancelled. Will give it a shot and report back.

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