HSBC QF Platinum - 20K points (+2 QP passes) - $199 Annual Fee [extended] to 30/06/12

[wafliron]

Maybe but they cant have checked my credit file that quick! Can they?.

Course they can... You hit submit, their website asks Veda's website for a copy of your credit file (overly simplified, but you get the point), Veda sends it back in a few milliseconds - complete with a proper "credit score" nowadays.

 

[Cruiser Elite]

Re: HSBC QF Platinum - 20K points (+2 QP passes) - $199 Annual Fee [extended] to 30/0

Over 2 mths now and bonus pts not posted - how long is average wait do you guys know pls?

 

[Cruiser Elite]

Re: HSBC QF Platinum - 20K points (+2 QP passes) - $199 Annual Fee [extended] to 30/0

OK so 20K pts finally posted and I called up to cancel card.

CSO was very very keen to see me retain card after I told them just does not suit my requirements.

She offered to reimb the $199 annual fee if I retain - which I agreed to - $199 will be credited back on next statement - I will spend that then still cancel before renewal date start Oct.

 

[Iza]

Re: HSBC QF Platinum - 20K points (+2 QP passes) - $199 Annual Fee [extended] to 30/0

OK so 20K pts finally posted and I called up to cancel card.

CSO was very very keen to see me retain card after I told them just does not suit my requirements.

She offered to reimb the $199 annual fee if I retain - which I agreed to - $199 will be credited back on next statement - I will spend that then still cancel before renewal date start Oct.

WOW - that's amazing. Might have to sign up for one and do the same!

 

[markis10]

Re: HSBC QF Platinum - 20K points (+2 QP passes) - $199 Annual Fee [extended] to 30/0

That could be the problem. I try and space the applications out as they slowly drop off your file (3 years maybe?)

I think they stay for 5 years.

 

[travelislife]

Re: HSBC QF Platinum - 20K points (+2 QP passes) - $199 Annual Fee [extended] to 30/0

OK so 20K pts finally posted and I called up to cancel card.

CSO was very very keen to see me retain card after I told them just does not suit my requirements.

She offered to reimb the $199 annual fee if I retain - which I agreed to - $199 will be credited back on next statement - I will spend that then still cancel before renewal date start Oct.

Might have to give this a crack. Were they going I refund you the pro rated amount if you did cancel?

 

[Cruiser Elite]

Re: HSBC QF Platinum - 20K points (+2 QP passes) - $199 Annual Fee [extended] to 30/0

Might have to give this a crack. Were they going I refund you the pro rated amount if you did cancel?

Didn't get to that stage - they offered 100% credit so jumped at it.

 

[JohnK]

Re: HSBC QF Platinum - 20K points (+2 QP passes) - $199 Annual Fee [extended] to 30/0

Just tried to apply and they declined me straight away.
I signed up to the NAB Platinum card without any problems.

I dont get it!?

That could be the problem. I try and space the applications out as they slowly drop off your file (3 years maybe?)

That type of rejection would have nothing to do with credit file.

 

[wafliron]

Re: HSBC QF Platinum - 20K points (+2 QP passes) - $199 Annual Fee [extended] to 30/0

That type of rejection would have nothing to do with credit file.

Why do you say that? If they have a minimum credit score required (or a maximum RRI, or min/max of one of the other objective metrics Veda now provide along with credit files) I don't see why a credit check couldn't have been the reason for the insta-decline?

 

[JohnK]

Re: HSBC QF Platinum - 20K points (+2 QP passes) - $199 Annual Fee [extended] to 30/0

Why do you say that? If they have a minimum credit score required (or a maximum RRI, or min/max of one of the other objective metrics Veda now provide along with credit files) I don't see why a credit check couldn't have been the reason for the insta-decline?

I do not believe the online application is that smart.

I am not an expert but I think the rejection would have been due to a calculation used for determining eligibility based on income and expenses.

 

[stewiejp]

Re: HSBC QF Platinum - 20K points (+2 QP passes) - $199 Annual Fee [extended] to 30/0

The online application process is a bit iffy I think - I applied for the (HSBC) Woolies Card at $6000 or $8000 (cant remember exactly) and got knocked back, but using the same information my HSBC Qantas was approved for $10500 less than a month later. From memory the Woolies application seemed to not "accept" the fact I was debt free, and my outgoings were little due to this.

FWIW my 20k bonus points were credited yesterday as well, just over 2 months since activation.

 

[wafliron]

Re: HSBC QF Platinum - 20K points (+2 QP passes) - $199 Annual Fee [extended] to 30/0

I do not believe the online application is that smart.

Fair enough - I haven't used it, and know nothing about it. Just saying it's technically possible, is all.

 

[SQ421]

Re: HSBC QF Platinum - 20K points (+2 QP passes) - $199 Annual Fee [extended] to 30/0

Any recent experiences of signing up to this card? I've got an application saved online, waiting for my CBA card to come through before I hit submit.

 

[stewiejp]

Re: HSBC QF Platinum - 20K points (+2 QP passes) - $199 Annual Fee [extended] to 30/0

Applied for mine in October/November last year, after watching the add for a while. They seem to keep extending the "deadline" or "limited offer" of 20k points but it has been 20k for probably a year or more AFAIK.

Got approved for $10k limit which is plenty for us within a day or so, a week after being knocked back for a $6k Woolies (backed by HSBC) card. The 20k bonus points posted when my second statement was due (2 months and a bit from memory), at the same time as earned points.
The only glitch was the card got blocked within a few days, as I made some online purchases which were transacted overseas and flagged as suspicious. The purchases were made from Agoda.com (accommodation), but earlier that same day I made some other larger purchases as well (flights) online but they went though ok since they were Aussie.

I'm told the included travel insurance is one of the better ones, (the $199 fee being less than I currently pay for travel insurance over the course of a year, and also includes the good lady as well as Junior so long as their flights are paid with the card) and the qp access cards arrived within a few weeks of my first transaction, and are fully transferable (they go for $40-60 on ebay, or did when I looked). Taking the good lady on Valentines Day.

My only current concern is when we go overseas. I phoned our banks yesterday to let them know we'll be withdrawing money and may use the HSBC Visa for the odd purchase, and while the other banks (CBA, ING) were fine about it, and have worked previously with no glitch, the HSBC Philippines call centre stated that they may phone me to confirm the transaction. When I told them I wouldn't have my phone they said they'd email me, as some foreign merchants process Visa cards in a different way to Aus, which may cause the card to block - if I reply to the email it will be unblocked... Hardly convenient while waiting in store to complete a transaction.

Will report back here how the foreign transactions go - I often buy high end camera lenses when I travel, as they are a lot cheaper than here. Lucky the shop I usually go to in Bangkok know me, and hopefully will understand if the card gets declined should I decide to use it instead of cash.

The call centre has had some negative reviews online, which I read about before getting the card. When I spoke to them yesterday however, the girl I spoke to did try to be as helpful as she could, but was hard to understand her accent, and she spoke quite quickly. Answered the phone reasonably quick though - actually almost straight away after I entered my details on the keypad.

Hope this helps.

 

[ejd711]

Re: HSBC QF Platinum - 20K points (+2 QP passes) - $199 Annual Fee [extended] to 30/0

Got my approval. Got my card and PIN. Within two weeks later got my QC passes (faster than most it seems) but still waiting on my points to post. Interestingly, I applied for a EDR MC on same day and points posted three days ago so hopefully I wont have to wait too long for the HSBC points...

Found the call centre ok for fairly simple enquiry.

 

[SQ421]

Re: HSBC QF Platinum - 20K points (+2 QP passes) - $199 Annual Fee [extended] to 30/0

Applied for this card and the EDR MC in succession yesterday.

HSBC QF Platinum application was shown to be unsuccesful right away. The post-submission screen on EDR MC site didn't say one way or another and merely got a message saying I'll be contacted by post re. the outcome. I'm guessing thats a nice way of saying No.

Only one hit on my credit file yesterday though.

 

[travelislife]

Re: HSBC QF Platinum - 20K points (+2 QP passes) - $199 Annual Fee [extended] to 30/0

Called up to cancel today only 3 months after having the card stating annual fee was too much, they have refunded the $199 annual fee to my account in the next billing cycle and extended another 12 months for free use. Will just call up and cancel anyway in a few months when another great offer from someone comes around!

 

[ejd711]

Re: HSBC QF Platinum - 20K points (+2 QP passes) - $199 Annual Fee [extended] to 30/0

Nice one. Will keep this in mind for the future!

 

[timmitch]

Re: HSBC QF Platinum - 20K points (+2 QP passes) - $199 Annual Fee [extended] to 30/0

I'm do this myself. Had for a while but time to kill it off and find another

 

[Mattyana2003]

Re: HSBC QF Platinum - 20K points (+2 QP passes) - $199 Annual Fee [extended] to 30/0

I also got refused today and they wouldn't explain why " we can't divulge our lending criteria sir". Apparently I can apply again in 3 months. I don't get it i have 3 other cards 29k limit with nothing on them, decent loans but low loan to asset ratio, decent income but no new car. Any tips?