HSBC Australia has launched what it claims is a first for the Australian market – a Visa rewards credit card linked to a global airline alliance.

HSBC is working with Star Alliance, the world’s biggest airline alliance, to launch the HSBC Star Alliance Credit Card. Cardholders will be able to convert their points to flight rewards with Star Alliance’s participating members.

Points are available on everyday purchases and these can be converted to “miles” in the frequent flyer programs of Air Canada, Air New Zealand, Taiwan’s EVA Air, Singapore Airlines, South African Airways, Thai Airways and United Airlines.

Star Alliance has 26 member airlines. HSBC did not say whether more airlines would join the program.

Cardholders who spend A$4000 on eligible purchases within 90 days of card approval will receive “gold” status, which gives cardholders lounge access, priority check-in and boarding, and excess baggage allowance.

To retain gold status, cardholders need to spend a minimum of $60,000 a year on the card.

HSBC Australia head of wealth and personal banking, Jessica Power, said in a statement that the bank’s latest travel and finance survey shows that a majority of Australians are prioritising overseas travel in 2023.

Points are not capped and do not expire if the account remains active. Cardholders earn one Star Alliance point per dollar spent on eligible purchases up to $3000 per statement period and half a point per dollar after that.

Flight bookings made using the card are interest-free for six months. The annual fee is $450.