Earn up to 1.2 Qantas Points per dollar spent with an HSBC Visa

By Chris Chamberlin, November 3 2017
Disclaimer

Executive Traveller may receive a commission when you apply for these credit cards via our links.

You should seek independent advice and consider your own personal circumstances before applying for any financial product.

HSBC credit card customers can earn 20% more frequent flyer points on purchases until the end of the year thanks to the bank’s latest promotion, giving HSBC Platinum Qantas Visa cardholders up to 1.2 Qantas Points per dollar on eligible everyday spend until the New Year begins.

It works like this: existing HSBC customers need to register for the deal by sending an SMS with only the last four digits of their HSBC credit card number to 0447 174 641, from the mobile phone number that HSBC has on file for the account.

(It wouldn’t hurt to make sure your details are up-to-date before texting, by logging into HSBC online banking, clicking ‘manage your account’, then the ‘my details’ link on the left, and ensuring your correct mobile phone number appears in the ‘mobile’ box.)

If everything is in order, you’ll get an immediate SMS back from HSBC to confirm your enrolment in the promotion:

Then, every time you spend on your HSBC card between October 17 and December 31 2017, you’ll earn 20% more points than you normally would – up to a maximum of 10,000 bonus points – which will be credited to your card account by January 31 2018.

Take the HSBC Platinum Qantas Visa as an example. Normally, cardholders can earn one Qantas Point per dollar spent up to $2,500 per month, and 0.5 Qantas Points per dollar spent thereafter: up to 7,500 Qantas Points per month as of November 1 2017, excluding any bonus points earned.

Register for this promotion and that’s boosted to 1.2 Qantas Points per $1 spent up to $2,500 per month, and 0.6 Qantas Points per dollar spent on the next $10,000 of monthly spend.

(That’s what you’d normally need to spend to reach the new monthly cap of 7,500 Qantas Points, but as the cap doesn’t apply to bonus points, you can really earn up to 9,000 Qantas Points each month with that bonus factored in.)

If you don’t already have an HSBC credit card, now’s the perfect time to apply – because you can also pick up 60,000 bonus Qantas Points when you apply by June 30 2018 and spend $3,000 on eligible purchases within the first three months on a new HSBC Platinum Qantas Visa via a separate sign-up offer.

Once the card reaches your door, you could then register for the extra 20% points promotion by following the steps above, and although you can’t stack the offers (you won’t earn a 20% bonus on those 60,000 bonus points), you’ll still be able to earn extra points on your regular purchases until the year’s end.

You can also pocket one bonus Qantas Point per dollar spent when using the card to purchase Qantas flights or other services directly from the airline such as Qantas Club airport lounge membership, over and above the card's normal earn rate, with these bonus points also not subjected to the monthly cap.

Disclaimer

Executive Traveller may receive a commission when you apply for these credit cards via our links.

You should seek independent advice and consider your own personal circumstances before applying for any financial product.

Chris Chamberlin

Chris Chamberlin is the Associate Editor of Executive Traveller and lives by the motto that a journey of a thousand miles begins with a single step, a great latte, a theatre ticket and a glass of wine!

AT
AT

Qantas - Qantas Frequent Flyer

14 Sep 2012

Total posts 264

Chris thanks. Good initiative but that $2500 cap on monthly spending is a ball and chain too heavy to bare. I’m still surprised a big Asian bank like HSBC can’t see you won’t bring on higher spend customers or biz travellers with it.

For people keen to earn Qantas Points, it's not a bad card to use in tandem with a higher-earning American Express card (such as the Qantas Ultimate which gives 1.5/$1 or Qantas Premium which earns 1.25/$1 year-round), where you pay with the AMEX card to earn the most points wherever you can, and the Visa where AMEX isn't accepted.

(Different if you only wanted a Visa/Mastercard, of course, as cards like ANZ's Qantas Black Visa or the Qantas Premier Mastercard have higher ceilings before the earn rate reduces, but if most of your spend goes on AMEX and what's left is $2,500 or less each month, one Qantas Point per dollar ties as the highest earn rate you'll get anywhere for a Visa: and 1.2 Qantas Points per dollar makes HSBC's card the highest-earning card for that type of spend during the promotion period - being only a fraction behind what you'd earn on the Qantas Premium AMEX.)

03 Jul 2017

Total posts 4

Chris, based on past offers, when do you think Amex is likely to launch another 100k QF bonus pts offer for the Qantas Ultimate card? Thanks!
Hi Sunrise, we don't speculate as to what American Express (or any other bank) may or may not do in the future, and when. If AMEX does launch a new 100,000-point sign-up offer at a later date, you'll be able to read about it here, of course.

Qantas - Qantas Frequent Flyer

29 Jul 2014

Total posts 99

Its an ironic offer as the benefits were cut back awhile ago but the annual fee remained the same.

On the positive side they are good to deal with

Qantas - Qantas Frequent Flyer

20 Nov 2017

Total posts 1

My concern with the HSBC card is that "ineligible transactions" include any business expense and any government fee or charge. So expenditure on normal business costs and expenses and on any government charge like ATO liabilities, council rates and water rates etc are ineligible for points earn, so ability to earn points is limited, unless you have substantial private expenditure.

Qantas - Qantas Frequent Flyer

15 Dec 2015

Total posts 6

The T&C said points would arrive by the 31st.

Anyone receive theirs yet? I haven't received mine.

Qantas - Qantas Frequent Flyer

15 Dec 2015

Total posts 6

Just got my points, dated 3 Feb.

Hi Guest, join in the discussion on Earn up to 1.2 Qantas Points per dollar spent with an HSBC Visa