Star Alliance and HSBC Australia Reimagine Airline RewardsRunway Girl

HSBC Australia and Star Alliance, the world’s largest airline alliance, today announced the launch of the HSBC Star Alliance Credit Card in Australia, giving customers greater choice in earning and using their airline points.

Australian customers can earn Star Alliance points on eligible daily credit card purchases which can be converted into miles/points at participating Star Alliance member carrier frequent flyer programs. The card is the world’s first credit card created with an airline alliance and will be issued exclusively on Visa credit. It brings together seven Star Alliance launch carriers on a single credit card platform.

Jeffrey Goh, CEO of Star Alliance, said, “Star Alliance is delighted to launch this industry-first loyalty product with HSBC and Visa. This is entirely consistent with a key Star Alliance strategy which is to offer a loyalty proposition that others are talking about.

“This unique product is the result of strategic discussions with our member airlines for the Australian market. It will provide a new world of loyalty experience with not only the ability to earn points, but also a fast track to Star Alliance Gold status through daily spending. Star Alliance Gold status offers a range of benefits such as lounge access and priority boarding on all Star Alliance member carriers.

At launch, participating member airlines and their respective frequent flyer programs are: Air Canada – Aeroplan®, Air New Zealand – Airpoints™, EVA Air – Infinity MileageLands, Singapore Airlines – KrisFlyer, South African Airways – SAA Voyager, THAI – Royal Orchid Plus and United – MileagePlus®.

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The HSBC Star Alliance Credit Card offers Australian residents a fast track to Star Alliance Gold status within the first year of their account, when they spend AUD 4,000 on qualifying purchases within 90 days of approval. the map.[5]. Star Alliance Gold status gives customers access to more than 1,000 airline lounges worldwide, priority check-in, boarding and baggage handling, and an excess allowance baggage allowance on eligible fares and other privileges when traveling on flights operated by Star Alliance member airlines.

Jessica Power, Head of Wealth Management and Personal Banking at HSBC Australia, said: “HSBC and Star Alliance are both globally focused, and this new card is ideal for Australians who enjoy international travel.

“While many credit cards allow users to earn points, we wanted to provide a way for customers to access all the benefits of airline status privileges through their everyday spending.”

Commenting on the HSBC Star Alliance Credit Card, Riaz Nasrabadi, Visa Product Manager for Australia, New Zealand and the South Pacific, said, “Visa is proud to be an exclusive supporter of this partnership between HSBC Australia and Star Alliance. With international travel a priority for many Australians, this product will provide access to all the benefits and security of a Visa card, as well as seamless access to airline privileges.

Australian overseas travelers are becoming savvy spenders

The launch comes as HSBC Travel and Finance Survey finds Australians planning to go overseas next year are watching their finances closely and thinking about how to make their dollar grow, including considering paying for flights with credit card rewards points .

According to HSBC’s Jessica Power, cost of living pressures mean savvy consumers are looking at how they use discounts and rewards on everyday spending, including their credit cards.

“Our HSBC Travel and Finance a survey indicates that while people are prioritizing travel in 2023, they are also looking for ways to cut travel costs, with one in four Australians (24%) who intend to travel abroad saying that he would pay for the flights with rewards and credit card points.

“Our survey found that 96% of Australians intending to travel overseas said they would consider tips and tricks to reduce travel costs, with 50% saying they would look to research flight deals and accommodation as a way to save money,” Ms Pouvoir said.

The poll also found that more than half (52%) of Australians planning to travel abroad worry about potential chaos at airports, and just under half (49%) worry about complications from delayed or canceled flights.

Ms Power said the new HSBC Star Alliance credit card addresses some of these concerns by giving customers priority access to check-in and baggage handling.

Customers can request the card today.

Key Features of the HSBC Star Alliance Credit Card[6] to understand:

  • Quick access to Star Alliance Gold: Earn Star Alliance Gold status in the first year of their account when customers spend AUD 4,000 on qualifying purchases within the first 90 days of card approval. Star Alliance Gold status is granted through the corresponding status level in the Frequent Flyer Program (FFP) of the participating Star Alliance member airline designated by the customer as their status airline under the Star Alliance Rewards program.
  • Retain Star Alliance status privileges: Earn or maintain Star Alliance Gold status each year when customers spend at least AUD 60,000 on qualifying purchases in the previous year. (Or earn Star Alliance Silver status when customers spend at least AUD 30,000 on qualifying purchases in the previous year.)
  • Uncapped Star Alliance Points earning potential: Earn 1 Star Alliance point for every $1 spent on qualifying purchases in Australia and overseas on the first spend of AU$3,000 per statement period. Earn 0.5 Star Alliance points per dollar spent on qualifying purchases thereafter. Star Alliance Points can be redeemed for Frequent Flyer Points within the Frequent Flyer Program of a participating Star Alliance member airline chosen by the customer. Star Alliance Points do not expire as long as the Star Alliance Rewards account remains active.
  • Book interest-free flights: 0% interest for 6 months on purchases made using the customer’s HSBC Star Alliance credit card and made directly on participating Star Alliance member airline websites.
  • Rates and fees: For a limited time, no annual fee the first year, AUD 450 thereafter

HSBC Travel and Finance Survey – additional statistics

  • 69% of Australians intending to travel abroad said they may need to dip into the savings they have collected during COVID-19 to pay for their trips abroad.
  • Australians planning to travel abroad next year expect to spend an average of $7,000, with baby boomers ($8,500) likely to spend more than millennials ($6,200).
  • Two-thirds (67%) of Australians who intend to travel abroad expect to spend more on their next trip compared to a similar trip before COVID-19.
  • One in three (33%) planning to travel abroad would likely use their credit card to pay for flights, and one in four (24%) say they would pay with card rewards and points credit.
  • 16% plan to opt for a payment plan or use Buy Now Pay Later for their flights.

ABOUT HSBC BANK AUSTRALIA

In Australia, the HSBC Group offers a wide range of financial services through a network of 43 branches and offices. These services include retail and commercial banking, trade finance, treasury and capital markets, payments and cash management, and securities custody. The principal members of the HSBC Group operating in Australia are HSBC Bank Australia Limited (ABN 48 006 434 162 AFSL/Australian Credit License 232595) and The Hongkong and Shanghai Banking Corporation Limited (ABN 65 117 925 970 and AFSL 301737).

ABOUT STAR ALLIANCE

The Star Alliance network was established in 1997 as the first truly global airline alliance, based on a customer value proposition of global reach, global recognition and seamless service. Since its inception, it has offered the largest and most comprehensive airline network, with a focus on improving the customer experience throughout the Alliance journey.

Member airlines are: Aegean Airlines, Air Canada, Air China, Air India, Air New Zealand, ANA, Asiana Airlines, Austrian, Avianca, Brussels Airlines, Copa Airlines, Croatia Airlines, EGYPTAIR, Ethiopian Airlines, EVA Air, LOT Polish Airlines, Lufthansa, Scandinavian Airlines, Shenzhen Airlines, Singapore Airlines, South African Airways, SWISS, TAP Air Portugal, THAI, Turkish Airlines and United Airlines.

Overall, the Star Alliance network currently offers more than 10,000 daily flights to nearly 1,200 airports in 184 countries. Other connecting flights are offered by Star Alliance Connecting Partners Juneyao Airlines and THAI Smile Airways.

ABOUT STAR ALLIANCE AUSTRALIA

Star Alliance Australia Pty Ltd (ABN 57 661 145 080) was established in July 2022 to operate as the Star Alliance Rewards Program Manager.

[1] Visit https://www.hsbc.com.au/credit-cards/offers/campaigns/star-alliance/ for full terms and conditions, note specify fees, charges, minimum spend and HSBC lending criteria apply

[2] Visit https://www.hsbc.com.au/credit-cards/offers/campaigns/star-alliance/ Offer available when applying for a new HSBC Star Alliance credit card. Offer is not available on product transfers or in conjunction with any other offer. HSBC fees, charges, terms and conditions, minimum spend and lending criteria apply.

[3] Credit provided by HSBC Bank Australia Limited ABN 48 006 434 162 Australian Credit License 232595

[4] Visit https://www.hsbc.com.au/credit-cards/offers/campaigns/star-alliance/ for full terms and conditions, note that specific fees, charges, minimum spend and HSBC lending criteria apply

[5] Qualifying purchases exclude interest-free and other promotions, balance transfers, cash transfers, business expenses, cash advances, fees and charges, BPAY®, any disputed transactions, and government fees and charges

[6] The HSBC Travel and Finance survey of 1,021 Australians aged 18 and over was conducted by YouGov between October 25 and November 1, 2022. The survey focused on those planning/considering overseas travel by 2023.

Featured image credited to HSBC/Star Alliance

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