HSBC credit cards

Use an HSBC balance transfer to save money and get your finances in order or start earning points as you spend towards free flights and upgrades.

By   |   Verified by David Boyd   |   Updated 26 Jan 2023

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Comparing HSBC credit cards

HSBC Platinum Credit Card Balance Transfer Offer

HSBC Platinum Credit Card Balance Transfer Offer

Balance transfer

12 months at 0% p.a.

Purchase rate

19.99% p.a. ongoing

Annual fee

$29.00 for 1st year

Highlights

  • Enjoy 0% p.a. on balance transfers for 12 months with a 2% balance transfer fee.
  • Save with the reduced $29 p.a. annual fee for the first year ( $129 p.a. thereafter).
  • Earn 2 points per $1 spent on overseas eligible purchases; or 1 point per $1 spent for all other eligible purchases.

Pros

  • 0% p.a. on balance transfers for 12 months.
  • $29 p.a. annual fee for the first year.
  • Enjoy 2 airport lounge passes every year.
  • Includes complimentary travel and purchase protection insurance.

Cons

  • The balance transfer rate reverts to 21.99% p.a. after 12 months.
  • The 10,000 points cap per statement period.
HSBC Star Alliance Credit Card

HSBC Star Alliance Credit Card

Balance transfer

12 months at 0% p.a.

Purchase rate

19.99% p.a. ongoing

Annual fee

$0.00 for 1st year

Highlights

  • Fast track to Star Alliance Gold Status when you spend $4,000 or more on eligible purchases in the first 90 days from account opening. Terms and Conditions apply.
  • $0 annual fee for the first year ( $450 p.a. thereafter).
  • Earn 1 point per $1 spent up to $3,000 per statement period and 0.5 points thereafter.

Pros

  • $0 annual fee for the first year.
  • Enjoy 0% p.a. on balance transfers for 12 months with a 2% balance transfer fee.
  • Convert your Star Alliance points to frequent flyer points with 7 alliance member airlines.
  • Includes complimentary travel insurance and purchase protection insurance.

Cons

  • The annual fee reverts to $450 after the initial year.
  • You have to spend at least $60,000 annually to maintain Gold member status after the first year.

More about HSBC credit cards

Get the lowdown on HSBC credit card features and benefits from our experts.

  • FAQs

Can I have an HSBC credit card in joint names?

No, HSBC cards are only issued to one name. You can, however, request an additional card to be provided for an authorised friend or relative aged 16 years or over. You should be aware that the primary named cardholder is responsible for all expenses on any additional card.

Can I keep using my bank account and get an HSBC card?

Yes. You can keep using your existing bank account as usual and run your credit card with HSBC completely separately.

Can I transfer balances from one HSBC credit card to another?

No. You can only transfer balances from credit cards and store cards from other financial institutions. You can, however, make as many balance transfers as you like from third party credit cards and store cards.

Do HSBC have any local branches in Australia?

The bank operates 36 offices and branches in Australia with HSBC Bank Australia headquarters located in Sydney.

Do HSBC offer telephone banking?

Yes. You can use their automated telephone banking or speak to a real person if you need to.

How do I apply for a balance transfer to HSBC?

New customers can apply for a balance transfer when they apply for a new HSBC credit card by completing the balance transfer section of the online application.

Will I be able to manage my account online?

Yes. In fact, HSBC have had an online banking solution since 2001.