This page is my best effort to summarise the card's terms from the information I found. Read the bank's terms for full details, or contact the bank if you have questions.
I'd like to use my bonus for:
Can I get this?
This offer is advertised to the public. Bonus conditions and the bank’s approval requirements still apply.
Can I get this bonus if I have held a card before?
I have not checked the waiting period for this bonus.
See the waiting rules for every Australian bank →What must I spend?
$3,000 within 90 days — about $1,000 per month.
Can I get the card?
You must earn at least $40,000 a year.
Meeting the bonus rules does not mean the bank will approve your application. The bank must assess and approve the card separately.
How long is this available?
The listed end date has passed: 2 September 2023. Date comparison uses the Australia/Sydney calendar. The issuer’s closing time and timezone are not recorded. Check availability with the issuer.
Should I keep it after the first year?
Keeping the card costs $129 each year ($129 annual fee) — the first year was $0.
There is no bonus in year two. The fee buys points on your spending, plus the card's perks.
Ongoing earn: 1.00x HSBC points per $1.
Keeping pays off only if the ongoing earn and benefits are worth $129/yr to you.
$500 in Woolworths gift cards (120,000 of 123,000 HSBC points; 3,000 left over) − $0 card fee. Assumes you earn the bonus and pay in full; extra spend or interest changes the outcome.
This offer has ended. I keep this page so you can check the old terms.
What this calculation assumes
- You make the required purchases and the bonus is paid.
- You pay the balance in full — any interest changes the outcome.
- The required spend is ordinary planned spending, not extra cost.
- You close the card before the next annual fee, or you decide keeping it is worth that fee.
- Gift card prices can change. I check them again at renewal time.
Did this help you make a decision?
Terms and evidence
Full current terms
Offer terms
Signup Bonus
120,000 points
HSBC
Minimum Spend
$3,000
within 90 days (about 3 months)
Offer Expires
September 2, 2023
3 years ago
Ongoing Earn Rate
1.00x points per $1 spent
Fees
First Year Annual Fee
Free
Ongoing Annual Fee
$129
From year 2 onwards
Offer terms history (1 version — old terms, for checking)
These are published versions of this offer's terms. Each version preserves the conditions available at that time.
Unknown publication date
First recorded terms
Captures behind the selected terms record — evidence for these terms, not a complete history of the named offer.
Archived notes
Earlier notes about this offer, kept as an archive — not current terms. Note dates are separate from terms publication dates.
- Offer no longer available3 years ago
- Cashback lowered from $600 to $500 (Thanks S.Q!)4 years ago
Discussion
About these ended terms — not the current offer.
Community and personal tools
Track this card, or suggest a correction. Sign-in required.