From 1 March to 30 June 2021, credit card applicants of HSBC can receive up to $200 cashback upon meeting certain conditions:
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Be a new cardholder or have not held a HSBC credit card in the past 12 months.
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Get $30 cashback when you complete the application using MyInfo.
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Get $50 cashback when you spend on at least 1 transaction (any amount) within qualifying period.
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Get $120 cashback when you spend at least $500 within qualifying period.
Existing cardholders of HSBC will receive $60 cash after applying for another card and meeting the minimum spend.
Click here for the full terms and conditions of this offer.
What is the qualifying period?
Depending on your account opening date, it will be 1 to 2 months long. Please refer to the table below.
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Is this a good offer?
The $200 cashback offered here is up from $180 cashback that was offered earlier this year. Furthermore, the spending requirement has been lowered from $800 to $500.
The highest cash offer ($300) for HSBC credit cards ran for a limited time in March 2021.
Are these good cards to keep?
HSBC Revolution offers 4 miles per dollar (MPD) or 2.5% cashback on most contactless and online transactions.
I wrote an article about how this card is the best if you prefer to use only 1 credit card for ALL your spending.
Reminder: This card does not have annual fee to worry about!
Where can I spend $500?
Types of transactions that will qualify are:
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Dining, online/offline shopping, groceries, petrol.
Types of transactions that will not qualify are:
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Bill payments, government agencies, insurance, e-wallet top-ups.
Read the terms and conditions to view the full list of excluded transactions.
Pro tip: If you do not have $500 worth of purchases to make in the coming months, your best option will be to purchase vouchers from NTUC Fairprice. These vouchers can be used for groceries in future. 😉
How to take advantage of this offer as an existing HSBC cardholder
As mentioned above, applying for another card and getting $60 from $500 of spend is equivalent to a generous 12% cashback! If you do not have $500 to spend in the coming weeks, use the NTUC Fairprice method described above, instead of buying something that you don’t need.
Participating cards
These are the cards that qualify for this promotion.
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Other great credit card promotions running right now
Click here to visit Suitesmile’s dedicated page for credit card sign-up bonuses.
Useful articles about credit cards and the Miles Game
As usual, I recommend reading the following articles if you are new to credit cards:
Visit suitesmile.com/learn for more guides/hacks on credit cards and travel.
Drop me a message if you have any questions!
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