HSBC increasing credit card annual fees on 11/3/25

[Mattg]

HSBC is increase the annual fees on some of its credit cards from 11 March 2025. The HSBC Premier cards are the worst affected, but the Star Alliance card is also getting a $49 increase.

https://www.hsbc.com.au/content/dam/hsbc/au/docs/credit-cards/card-changes-25.pdf

 

[skylab]

This is a huge change. And will probably reduce the appeal for this card drastically. It was the one and only reason most go for it (there are no bonus QFF points etc)

I just applied for it and got this info In the mail., even as a premier customer , I may cancel it now

 

[Gredgy69]

HSBC is increase the annual fees on some of its credit cards from 11 March 2025. The HSBC Premier cards are the worst affected, but the Star Alliance card is also getting a $49 increase.

https://www.hsbc.com.au/content/dam/hsbc/au/docs/credit-cards/card-changes-25.pdf

This is interesting for the Star Alliance card as it has only been out in the market for 12 -18 months? Must need the extra funds for all the fines they got recently.

 

[skylab]

Would you think this is still a good card , compared to say the ANZ frequent flyer Black ?

Not sure if HSBC will reverse this rule ..

 

[Highway23]

Would you think this is still a good card , compared to say the ANZ frequent flyer Black ?

Not sure if HSBC will reverse this rule ..

It doesn’t really compare that well from what I can see.
The annual fees are arguably more because ANZ offers a cash back, and the ANZ bonus points would more than balance out the bonus earn rate for the HSBC.
Back onto the treadmill of trying to find a Mastercard/Visa to pair with the Amex

 

[serfty]

Ouch! What are 60,000 SQ points worth?

 

[Damo_Oz_1]

I don't know what they are smoking @ HSBC.

I called and cancelled my Premier Qantas card. They didn't even try to retain my business. I was placed on hold for 2 minutes and was told: "Your card is now cancelled. Have a nice day."

 

[Cynicor]

Ouch! What are 60,000 SQ points worth?

$600 absolute minimum. Closer to at least $1200

 

[_flyer]

I assume it applies to existing accounts? - If so going from $0 to $399 is excessive for the Qantas World Premier

 

[skylab]

Yeah would apply to all accounts from 11 march 2025 onward.

Which is ridiculous.

 

[SeatBackForward]

Welp, that'll be cause to get rid of this card within a year of having it.

 

[GrahamBRI]

HSBC is increase the annual fees on some of its credit cards from 11 March 2025.

......and interesting to see their obligation in respect to informing their customers of this change:

"Changes to fees and charges''....."that are not favourable to you"....."we’ll tell you by writing to you or by publishing in a notice."

it looks like their job is done, notice has been published!!!!..... or am I being harsh, because they also say:

"We’ll also give you particulars of the change on or before your next statement of account is sent to you after the change takes effect."

So if I don't see their notice, they will tell me after they charge me !!! Hmmm, way to win customers!!!