This was posted 1 year 8 months 14 days ago, and might be an out-dated deal.

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HSBC Platinum Credit Card - 0% for 36 Months on Balance Transfers, No BT Fee | $29 First Year Annual Fee

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HSBC Platinum Credit Card - 0% for 36 Months on Balance Transfers, No BT Fee | $29 First Year Annual Fee
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Ehty on 11/08/2022 - 14:33 hsbc.com.au (681 clicks)
Last edited 11/08/2022 - 15:25

Hey Savers!

Reposting this deal , credits to its OP for the description

Thanks to littlesoldier Additional Details at this link

Sharing a deal for the HSBC Platinum Credit Card, which is offering a 0% balance transfer rate for up to 36 months, with no balance transfer fee, It’s the longest balance transfer available on the market right now.

This is an ideal offer for people with existing debt who want to save on interest, as you'll get THREE YEARS of breathing room. The HSBC Platinum offers other perks, too. Including HSBC Reward Points, airport lounge passes and complimentary insurance covers.

Features of this card

  • Long-term balance transfer offer. Save on interest charges with 0% p.a. on balance transfers for up to 36 months (with no balance transfer fee). Any unpaid balance at the end of the introductory period will revert to the cash advance interest rate of 21.99% p.a.
  • Discounted first year annual fee. You'll save $100 in the first year with an annual fee of only $29. This goes up to $129 in subsequent years.
  • Rewards points. Earn 2 HSBC Reward Points per $1 spent overseas and 1 point per $1 on all other eligible purchases (capped at 10,000 points per statement period). Points can be redeemed for cashback on your card, merchandise and travel and accommodation through HSBC Rewards Plus. Alternatively, you can convert your reward points to Velocity Frequent Flyer points, with 2 Reward Points equal to 1 Velocity Point.
  • 2 Airport lounge passes every year
  • Complimentary insurance. When we can travel again, and you use your card to pay for at least 90% of the total cost of your overseas travel return ticket, you'll get complimentary international travel insurance. You can also make use of rental vehicle insurance excess cover, transit accident insurance, purchase protection insurance, extended warranty cover and a guaranteed pricing scheme.

Eligibility criteria

  • At least 18 years of age
  • Annual income of at least $40,000
  • Good credit rating
  • New Platinum Credit Card application
  • Australian resident
  • Balance transfer must be requested upon application and you can transfer up to 90% of your available credit limit from credit and store cards not issued by HSBC.

Other Terms
* $29 annual fee in the first year2 ($129 thereafter)
* $6,000 minimum credit limit

Financial Credit Card VISA

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closed Comments

  • kehuehue on 11/08/2022 - 14:35

    Is there a credit card that has a 100$ credit limit? curious

    most of the ones ive seen are at a 500$ min limit

    • Cluster on 11/08/2022 - 15:32
      +7

      Why do you want a CC with $100 limit? That's as useful as a chocolate teapot.

    • hippo2s on 11/08/2022 - 16:25

      just sign up for Zip and use their virtual credit cards - very low limit

      • HunterxHunter9000 on 24/08/2022 - 15:07

        How many virtual credit cards can you make and can you set limit spending on monthly, weekly or yearly etc?

  • Autonomic on 11/08/2022 - 14:42

    Is there a limit to the amount of you can balance transfer?

    • Ehty on 11/08/2022 - 15:28
      +1

      Balance transfer must be requested upon application and you can transfer up to 90% of your available credit limit from credit and store cards not issued by HSBC

  • Saanch on 11/08/2022 - 14:47

    I have an email from HSBC for the platinum card with 120,000 points 0$ first year annual fee and the balance transfer offer for 26 months. It may be targeted so check your email if you have an existing HSBC account.

    • Ehty on 11/08/2022 - 14:49
      +2

      This one

      • BargainGeezer on 11/08/2022 - 15:57
        +1

        Be aware that the comments on that post say you can transfer 120k points to $600 cashback but HSBC have since downgraded their points and now 24k points is equal to $100.

        • dcomo on 12/09/2022 - 10:14

          yup, can confirm dodgy hsbc - on call right now as it was $600 cashback when I signed up (May) but only able to redeem 500..

          cust care staff going in circles, essentially dodging the issue…

          • BargainGeezer on 12/09/2022 - 12:49

            @dcomo: Would you be able to update if you manage to get it resolved? I’m still sitting on my 120k points and not sure what I’m doing with them now.

    • b0b0 on 11/08/2022 - 20:38
      +1

      Just a note for those who don't know, you either get the points, or the 0% Balance transfer offer. Not both

  • littlesoldier on 11/08/2022 - 15:22
    +1

    Seems not mentioning in the OP deals page
    But now you also get 2 Airport lounge passes every year (via Lounge Key)

    Its written in this page: https://www.hsbc.com.au/credit-cards/products/platinum/balan…
    T&C: https://www.hsbc.com.au/content/dam/hsbc/au/docs/credit-card…

    Besides, if you work with a company that has corporate partnership with HSBC
    You can apply for this credit card with $0 first year fee + $100 cashback
    https://www.hsbc.com.au/corporate-partners/

    • Ehty on 11/08/2022 - 15:28

      Thanks Updated.

      • littlesoldier on 11/08/2022 - 15:30
        +2

        no worries :)

        Another good to consider benefit of this card is the free Instant Savings membership

        Its offered by the same company as Entertainment Book
        But with lesser offers and slightly lower discount
        (eg. 20% off bills instead of 25% off)

        While Entertainment book is no longer attractive anymore in 2022
        Still a good add-on as for the free membership

        iOS: https://apps.apple.com/au/app/hsbc-instant-savings/id1255744…
        Android: https://play.google.com/store/apps/details?id=au.com.frequen…

        Best I have found useful with the Instant Savings app is the McCafe buy 1 get 1 free hot beverage deals
        Unlike Entertainment book that you can only redeem once per membership
        Instant Savings deals can be redeemed once a day
        I have been buying many coffess from McD during lock down last year, using this B1G1 offer

        • Adz12 on 11/08/2022 - 19:42

          How long does it usually take to get the email from HSBC for access to this? I just got the HSBC CC

          • littlesoldier on 11/08/2022 - 21:48

            @Adz12: Applied back in 2019
            Took a month time from credit card approval to receiving Frequent Values membership email

        • aiyoyo on 11/08/2022 - 20:56

          Received an email for this deal yesterday from HSBC. But in the email doesn't come with membership number and temporary password!

          How you all find the membership number and temporary password?

          • littlesoldier on 11/08/2022 - 21:50

            @aiyoyo: Back in 2019 when I got the membership
            the username and temporary password is within the Activation Step in the email
            The text are pretty small and easily overlook imo …

    • Ernestpogi on 22/08/2022 - 01:52

      Do they allow to stack up the offer above and the corporate partnership benefits?

  • hippo2s on 11/08/2022 - 16:24
    +4

    Please save yourself the trouble and DON'T open up an account with HSBC.

    I had a credit card with them for 5+ years - upon closure, they needed me to head into a physical branch and sign multiple documents and wait for their branch manager to approve the closure of MY credit card!! Like… the branch manager can reject my need/will to close a credit card??

    Took me like close to 2 hours to wait around for them to do their administration. Very out-dated governance processes.

    • johnn on 11/08/2022 - 17:11
      +2

      Yep had the same issues with my transaction account with them. Hadn't used it for a while so it'd been suspended- no worries, 99% of other banks will reactivate it over the phone. Not HSBC, have to go into the physical branch and waited ages standing around as I signed docs and waited for other processes.

      Not to mention numerous issues on their website/app and their onerous password/security code/yet another code process.

      Hands down the most frustrating bank to deal with. At least I think they've given up on the physical security device thing in which you needed to hold this separate bloody code-generator with you just to do some transactions. Imagine being outside and not having your thingamabob on you- too bad, can't send money from your own damn account.

      • hippo2s on 11/08/2022 - 19:15
        +1

        oh f…I remember those. them RSA code generator. Had one for my CC too. So to log in you needed username, password and a code. Thank goodness for biometric sign in nowadays.

    • askvictor on 12/08/2022 - 07:28
      +2

      I closed mine online, only hiccup was having to wait a day for pending transactions to finalize. Otherwise it was incredibly easy, much easier than expected (given the ordeal of opening the account)

      • hippo2s on 14/08/2022 - 10:34

        Maybe they have improved the process and red tape.

  • nickeveli on 11/08/2022 - 17:06

    New to this, wondering if you need to close the account of the balance being transferred?

    • No on 11/08/2022 - 18:11
      +1

      No

  • justtoreply on 11/08/2022 - 17:44

    What are these? It doesn't say.

    "purchase protection insurance"
    "guaranteed pricing scheme"

  • Mechz on 11/08/2022 - 18:42
    +1

    Hmm, wonder if they'll pay 40k off my zero balance cards so I can have an interest free car loan.

    • Nuclearvodka on 11/08/2022 - 19:16

      What's the maximum credit limit?

  • _tony on 11/08/2022 - 20:09
    +1

    I've got this card. They might not do it anymore, but they use to get waive the annual fee if you accumulatively spent more than $6000 in the year.

    • n14pulsarq on 30/08/2022 - 14:32

      I noticed this recently too. Used to be handy to use the lounge pass and get points for free. Guess I'll cancel it after my net trip.

  • coolsteps on 13/08/2022 - 09:16

    anyone know of a promo code for Balance Transfers for existing card holders?

  • albert22 on 14/08/2022 - 01:22

    Just applied but it didn't ask for my other banks details for balance transfer… will they just ask for it upon approval??

    • jemichae on 14/08/2022 - 10:54

      It should have. You tick the balance transfer box and then it asks for institution, account/card number and balance.

      • Ehty on 14/08/2022 - 23:17

        I am sure you can do BT after card approval also.

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