This was posted 3 years 2 months 6 days ago, and might be an out-dated deal.

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Bonus 120,000 Rewards Plus Points with New Platinum Credit Card ($3000 Spend in 90 Days Required, $0 Fee First Year) @ HSBC

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Bonus 120,000 Rewards Plus Points with New Platinum Credit Card ($3000 Spend in 90 Days Required, $0 Fee First Year) @ HSBC
Go to Deal
egglings on 12/02/2021 - 14:31 hsbc.com.au (7063 clicks)
Last edited 13/02/2021 - 10:01 by 1 other user

Edit: Multiple users have reported that this is a targeted offer for existing HSBC customers. You need to have received an invitation e-mail and apply for a new Platinum Credit Card to qualify.

New HSBC customers can choose between no interest balance transfer for 26 months (1% transfer fee applies) and $0 annual fee for the first year, or 84,000 Rewards Plus points but no annual fee waiver.

Update: based on comments, looks like HSBC may be claiming this deal is targeted.
If it helps, here's a screenshot of the email I received - https://files.ozbargain.com.au/upload/216608/86881/hsbc_excl…
Aside from the subject line saying "Exclusive" and the body addressing "Dear [my name]", there's nothing in the T&Cs saying exclusively to email recipient.
Apply at your own risk and take screenshots every step of the way - enjoy!

-
Just got an email from HSBC - seems like a decent churner. Also comes w two airport passes which hopefully can be used

Features and Benefits

  • 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
  • 0% interest per year on balance transfers for 26 months² (1% balance transfer fee applies³)
  • $0 annual fee for the first year⁴
  • Earn 2 Rewards Plus points for every dollar spent on eligible international purchases and 1 Reward Plus point for all other eligible purchases⁵
  • Enjoy 2 airport lounge passes every year at over 500 airports worldwide⁶
  • Complimentary domestic and international travel insurance⁷
Financial Credit Card Reward Points

Related Stores

HSBC
HSBC

closed Comments

  • thriftysach on 12/02/2021 - 14:32
    +6

    Lost me at earn 40k p.a

    • netjock on 12/02/2021 - 15:20
      +8

      That is a minimum, it isn't the maximum. :D

  • yht on 12/02/2021 - 14:37

    Wow, valid for previous HSBC credit card holder ?

    • user27 on 04/03/2021 - 12:36
      +1

      Got rejected after having them scan my face and take my details. Did I just get suckered by the Chinese Communist Party?

      • watwatwat on 04/03/2021 - 20:14
        +3

        They could see the democracy in your eyes.

  • yht on 12/02/2021 - 14:38
    +4

    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.

  • batrarobin on 12/02/2021 - 14:39

    Can lounge passes be transferred to someone else?

    • coxymla on 12/02/2021 - 14:41
      +1

      Airport Lounge Program by LoungeKey
      You cannot transfer your complimentary membership and lounge visits to any other person if you are not present at the venue.

      https://www.loungekey.com/en/mcworld/lounge-finder/country?c…
      Lounges in Australia

      Adelaide International (ADL)
Brisbane Intl (BNE)
Canberra (CBR)
Gold Coast Coolangatta (OOL)
Melbourne (MEL)
Sydney Kingsford Smith (SYD)
      • batrarobin on 12/02/2021 - 14:47
        +3

        No lounge in Perth, I am out.

      • askvictor on 12/02/2021 - 21:09

        Are you allowed to bring a guest to a lounge?

  • cook99 on 12/02/2021 - 14:39

    Looks nice thanks OP.
    Much easier than the CBA one I am waiting for.
    Damn hope this stays available.

  • cook99 on 12/02/2021 - 14:41
    +1

    Although I have a HSBC Premier MasterCard, doesn't seem to make me ineligible

    • garbagetnt on 12/02/2021 - 15:17

      Doubt it…I wish the same 2
      The 120,000 bonus Rewards Plus Points will be credited to your Rewards Plus Account within 60 days of meeting the spend criteria, provided that your account is active and not in arrears. Offer is limited to new applicants only. 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. Not available in conjunction with any other offer. Gift Card values correct as 11 January 2021.

      • [Deactivated] on 12/02/2021 - 21:52

        if you have the premier with qantas points and open this as a new card you should be eligible?

    • jeppetto367 on 12/02/2021 - 17:35

      On a side note, how do you find HSBC Premier? Do they significantly reduce the Home Loan yearly fee of $600ish (if you have one). I've considered signing up but the $35 a month is a hard sell, though if the Home Loan fee is cut in half this would almost even it out and potentially make it worth it for me.

      • igreen on 12/02/2021 - 20:27

        They have got rid of the $35 month fee starting Dec 2020. If you deposit $9000 per month into your Global cash management account you could be eligible or take an homeloan. You can transfer in and out $9000 and it will still count.

      • garbagetnt on 12/02/2021 - 21:13

        hmm, never had any monthly fee…probably cuz I owe them an arm and a leg…
        think the loan fee is also offsetted but loans been in place for quite a few years

  • hanofee on 12/02/2021 - 14:46

    Have HSBC global debit account, no cc. So, still eligible, right?

    • basketcase86 on 08/03/2021 - 20:17

      Yeah I have that debit card 2% cash back… they emailed me twice about this offer so I'm guessing check your email?

  • Drakesy on 12/02/2021 - 14:46
    +11

    Also worth $600 cashback at the current conversion rate of 20,000 points per $100

    • CyberMurning on 12/02/2021 - 14:46

      what is that Drake ?

    • FuRyZ on 12/02/2021 - 15:03
      +2

      Correct, I generally use the cashback rather than the gift cards. Much better rate of return on points.

      • fritzsticker on 12/02/2021 - 18:47

        How do you compute that??

        Cheers

        • FuRyZ on 12/02/2021 - 22:42
          +1

          For 120,000 points you can either get a $500 gift card which you can spend somewhere. Or I can get $600 cashback, which basically means $600 is credited back onto my credit card.

  • CyberMurning on 12/02/2021 - 14:46

    is this better compare with https://www.ozbargain.com.au/node/603307 75,000 Bonus Qantas Points with $2500 Spend/3 Mths on the ANZ Frequent Flyer Platinum ($0 Annual Fee 1st Year) @ Point Hacks

    • Drakesy on 12/02/2021 - 14:50
      +2

      Personally i prefer collecting qantas points as outside covid flying is a big thing, although can't apply for it as still in my cool off period.

      However getting a $600 cashback saving would be fairly significant and you'd be able to redeem instantly.

      • CyberMurning on 12/02/2021 - 14:53

        i dont need QFF (but i still like to fly). so yeah, will apply HSBC tonight hopefully get one
        too bad with ANZ im sure 99% will get approved

  • yht on 12/02/2021 - 15:00
    +3

    With facial and ID recognition too.

    • watwatwat on 12/02/2021 - 15:09
      +3

      "NOW GIVE A BIG SMILE". Now when they have a data breach in the future not only will your face be leaked, your smiling face will be leaked.

    • DrRalph on 12/02/2021 - 16:08

      It doesn't work well. I was required to attend a post office to confirm my identity.

  • snid on 12/02/2021 - 15:04

    Can I still get bonus points if I do a balance transfer and spend another 3k.

  • phxsun on 12/02/2021 - 15:07
    -3

    Seems like a decent deal. $500 gift card plus $500 worth of points in gift cards (or $600 in cashback)

    Am I missing anything?

    • CyberMurning on 12/02/2021 - 15:15
      +13

      Missing to read properly

    • mrbooger on 12/02/2021 - 15:16
      +2

      Yes, you're missing something… You get 120,000 points, which is worth a $500 gift card or $600 cashback. There's no extra gift cards on top of that.

      • lily99 on 12/02/2021 - 19:12
        +1

        Then why would anyone choose 500 giftcard rather than 600 cash back?

    • phxsun on 12/02/2021 - 15:18
      +1

      My mistake

  • adamiscoolization on 12/02/2021 - 15:13
    +3

    Is there a way to use this card to buy crypto which would count for the $3k?

    What's the best way to reach the $3k spending excluding day to day things like food, fuel, utilities etc. With no loss. $3k of Visa gift cards?

    • nightelves on 12/02/2021 - 15:20

      Nah Crypto is charged as a cash advance. I’ve tried it by topping up on Binance.

    • starbearer on 12/02/2021 - 15:21
      +1

      Gift Cards, Prepay your utility bills (electricity, water, internet, phone), Pay your ATO tax, Council fees/Strata if applicable.

      If all else fails, make a huge purchase and return it.

      • CyberMurning on 12/02/2021 - 15:25

        most will say BPAY equivalent is not valid so basically every single bills? (even mobile phone, gas) ?
        most will say payment to goverment is no no (ato, council)

        • starbearer on 12/02/2021 - 15:28
          +1

          Well, you can pay on the card (i.e. using the card's numbers) instead of BPAY.

          Buying gift cards is also an option.

      • mrvaluepack on 12/02/2021 - 18:33

        Becareful, some cc companies do not count payment to government (bills, fines, etc.) as eligible purchases.

    • Safoan on 12/02/2021 - 16:28

      I have paid for etoro to buy crypto using my combank credit card without issue.

  • cloudie9 on 12/02/2021 - 15:20

    I got the grandfathered $0 per annum fee for my platinum card.

    • mbck on 12/02/2021 - 16:29
      +1

      Yeah, we don't get the lounge pass or the entertainment extra though.

      But free for life at least

      • pandadude on 12/02/2021 - 18:24

        If I recall correctly. Some people got the lounge pass plus annual fee waived each year if you spent over $6,000 or $10,000. I can't remember off the top of my head how much you had to spend but it was offered most of last year.

        • mbck on 12/02/2021 - 19:03

          Ah yeh you are correct. But I got mine without a minimum spend.

      • cloudie9 on 12/02/2021 - 21:34

        I kept it because it was good back then when JBs does this interest free period with zero fees, as long as minimum monthly repayment are made. But these days, JBs might still able to do it, if you asked though.

  • ltwo on 12/02/2021 - 15:23
    +1

    Doesn't seem like there is any facility to convert to airline miles. Only for Premier Rewards which this isn't.

    • arctan on 12/02/2021 - 16:37

      I am Interested to know if the points can be converted to airline miles (eg Krisflyer).

      • fod on 13/02/2021 - 10:13

        I looked at their HSBC points plus rewards and it looks like 10000 reward points can be transferred to 5000 krisflyer miles

  • VenusDeMilo on 12/02/2021 - 15:30

    Can you convert HSBC rewards points to Qantas FF points and if so what's the conversion rate?

    From a quick search it doesn't appear that you can but would love to told otherwise! just got my points from previous NAB offer :)

    • spiff on 12/02/2021 - 15:33
      +2

      No you can't, You can transfer to Velocity or KF.

      Velocity transfer rate is 2 HSBC to 1 Velocity.

      • nightelves on 12/02/2021 - 15:46

        Do you have the conversion rate for Krisflyer?

        • spiff on 12/02/2021 - 16:01

          According to AFF forum and also Finder.com.au the transfer rate is also 2 to 1 which makes this one of the best ways to earn KF. I'd probably still opt to transfer to Velocity or at least wait until international travel is guaranteed.

      • ltwo on 12/02/2021 - 16:17
        +1

        isn't it Premier Rewards that has that, as opposed to Rewards Plus (this one) ?

    • pumpkie on 12/02/2021 - 16:29
      +2

      You can only convert to Asia Miles or KrisFlyer when you have the HSBC Premier card. The Platinum card only offers gift cards and cashback.

      • nightelves on 12/02/2021 - 17:49

        Oh really but isn’t it still the same rewards point?

  • Wimma on 12/02/2021 - 15:35

    Anyone familiar with the reward points and ineligible transactions?
    States 'a fee or charge, including a government fee or charge' and BPAY are ineligible.
    Wondering about rates, utilities bills etc.

    • CyberMurning on 12/02/2021 - 15:39

      BPAY is an electronic bill payment system in Australia
      yeah goverment and bpay are no no

  • timhn on 12/02/2021 - 15:35
    +10

    HSBC have the worst app and online banking.

    • CyberMurning on 12/02/2021 - 15:38
      +1

      totally agrree

    • FareEvader on 12/02/2021 - 16:27

      It's so bad!! And their lack of branches too!!

    • pumpkie on 12/02/2021 - 16:31

      I disagree. Virgin Money's app is terrible by comparison. HSBC's app has improved with the recent update.

    • immrnonamehello on 12/02/2021 - 18:43

      And customer service…I was trying to request for new statements without needing to wait till the auto generate date - the filo lady just would not understand me in any way!!

      • pndl on 13/02/2021 - 00:11

        I was able to do this through live chat. Although it only gets generated overnight lol.

  • punkindrublic on 12/02/2021 - 15:36
    +2

    Well this is definitely one of the worst application systems I've ever used - lost the entire thing the first time around despite pressing the 'Save and Continue' button at each page, and now the ID verification service won't recognise my camera. Or offer an alternative means of uploading a photo ID, because why have a backup when things fail right?

    • CyberMurning on 12/02/2021 - 15:38
      +1

      need to upload photo id ? wow thats a first usually just income or bank statement

      • watwatwat on 12/02/2021 - 15:40
        +2

        They want multiple real-time photos of your face and side of face. Like a police lineup.

      • punkindrublic on 12/02/2021 - 15:40

        I'm happy to upload it. I'm not happy when the photo capture technology keeps telling me the image isn't readable despite it absolutely being readable, and the facial recognition software doesn't load on the mobile site, and there's no readily obvious means of providing them with this information…

        • sevendollarsfifty on 12/02/2021 - 16:07

          great album

        • idonotknowwhy on 12/02/2021 - 17:51

          Couldn't agree more. I also had to apply 2x because they lost it the first time.
          Then at the facial recognition part, they didn't support my browser (firefox).
          I enabled Chrome again, and it only lets me use the selfie cam, with no preview, and can't focus on the license.

          I'm giving up / letting this one go.
          I'm an existing customer with the 2% cashback card and can tell you, it doesn't get any better once you're using their paranoid banking app/website.

    • Shaneeo on 13/02/2021 - 08:01

      The best bit is that their crappy OCR software reads the licence and then asks you to confirm and edit if required. The OCR adds a random 7 at the end of my licence no, that isn’t there, and you can’t edit it. Perfectly clear high res photo with no shadows or glare. Start process again. 7 still there next time… and the next. After 3 goes, f*** it, just submit with the extra 7 and they can work it out!

  • Ozfanmel on 12/02/2021 - 15:54
    +4

    Is this offer open to everyone ? I had chat with support team and they said only 84000 points offer available to me. Pls confirm if anyone has any further info

    • snid on 12/02/2021 - 15:57

      I had the same answer from the credit card support team when I called them. And they pointed me to this URL where we can choose either 84000 points or balance transfer for 26 months.
      https://www.hsbc.com.au/credit-cards/products/platinum/balan…

      • Ozfanmel on 12/02/2021 - 16:05

        Yeah looks like this is targeted but not sure

    • kehuehue on 12/02/2021 - 16:00

      how did you do that? you have an account with them?

    • cheapbloke on 12/02/2021 - 18:07

      Campaign offer is only for existing HSBC customers as confirmed by Live Chat. I'm not!
      Totally agree that facial recognition sucks — but a blessing in disguise as my application didn't go through. What a waste of time!

    • mrvaluepack on 12/02/2021 - 18:41

      Thanks for the warning, i've have the hsbc transaction account but never received this email.

  • Skramit on 12/02/2021 - 16:00

    Can the 120,000 be converted to QFF points?

  • jjj123 on 12/02/2021 - 16:02
    -1

    will city council fee and electricity & gas charge count the $3K spending?

  • the7apples on 12/02/2021 - 16:09

    Their web portal is trash. Cant income verify.

    • Shaneeo on 13/02/2021 - 08:05

      Agree. Won’t allow me to upload a 800k PDF bank statement…
      Seems they have tried to go too high tech with facial scanning etc, and failed the basics in the process

    • askvictor on 13/02/2021 - 17:27

      Indeed; the thing that logs into your bank account is offline, while the manual payslip upload goes straight to a 'session timed out'

  • samtheexpert on 12/02/2021 - 16:12

    what will happen if close the card after 3 months? also what's the next year card fee?

  • nightelves on 12/02/2021 - 16:16

    This offer might be targeted.

    • yht on 12/02/2021 - 16:27

      How ? It is in their main website right ?

      • CyberMurning on 12/02/2021 - 16:29

        nope. the one on main website not 120,000k points but less

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