Better and Worse: New HSBC Everyday+ Cashback Replaces HSBC Advance Credit Card’s Bonus Cashback

HSBC Advance Credit Card has been giving bonus 1% cashback on its base cashback (1.5% for monthly spends $2,000 and below, and 2.5% for monthly spends of above $2,000). This will change after 31st July 2021, however, as HSBC replaces the bonus cashback with a programme called HSBC Everyday+ Cashback.

It’s a rather notable change, even if you don’t use a HSBC Advance Credit Card.

Changes

HSBC Advance Credit Card 1% Bonus Cashback (old)HSBC Everyday+ Cashback (new)
Eligible cardsHSBC Advance Credit CardAll HSBC credit and Everyday Global Account (EGA) debit cards
Required number of purchases5 Eligible Purchases on Advance Credit Card within the same calendar month
5 Eligible Purchases within the same calendar month

Required deposit amountDeposit minimum SGD2,000 fresh funds into EGADeposit minimum SGD2,000 fresh funds (for Personal Banking customers) and minimum SGD5,000 fresh funds (for Premier and Jade customers) into EGA
Qualifying purchases
Receive 1% Bonus Cashback from the first Eligible Purchase (only Advance Credit Card transactions) made in the same calendar month.

Receive 1% Everyday+ Cashback from the 6th Eligible Purchase (either HSBC credit card or EGA debit card transactions) onwards in the qualifying spend period.

Qualifying spend period will start on the day following the date when all the requirements for Everyday+ Cashback have been fulfilled till the end of the next calendar month (e.g. if the qualifying requirements are fulfilled on 10 August 2021, the qualifying spend period will be from 11 August 2021 to 30 September 2021)
Full details: HSBC

Previously, as long as you deposit $2,000 fresh funds into your EGA and make 5 transactions on your HSBC Advance Card, you get the extra 1% cashback on all qualifying transactions within the calendar month including those 5 transactions.

From 2nd August, you would have to first perform these requirements first before a “Qualifying spend period” starts where eligible transactions would then get the 1% bonus. This period starts from the month the requirements are met, and last until the end of the following month. For instance:

Date where deposit and 5 transactions are doneQualifying spend period
3rd August 20214th August to 30th September 2021

The simplest way to qualify would probably be to deposit the sum, then make 5 token transactions, whether it’s 1-cent payments to your telco, or buying small items at the super market.

Every HSBC card now qualifies!

While this may seem a little more troublesome, it does offer some benefits. The biggest one would probably be that all HSBC cards now qualify, and this includes the popular HSBC Revolution card which offers 4 mpd on Paywave and online transactions. An added 1% cashback makes it a very compelling alternative to other 4 mpd cards.

Also, if you do it early in the month, you do get 2 months of qualifying spend period for the bonus 1% cashback. This means that you will need to meet the requirements every other month instead of monthly, lowering the amount of fresh funds you need to deposit, unless you are a Premier/Jade banking customer. The amount needed is now increased to $5,000, though the maximum monthly cashback you can get from the bonus 1% cashback is increased from $300 to $500.


9 days 4 hours 40 minutes 6 seconds left to grab this offer!

HSBC Revolution

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New HSBC Cardholder¹
Choose:

  • Dyson Supersonic™ hair dryer (worth S$699)
  • Sony WF-1000XM5 Wireless Noise Cancelling Headphones (worth S$429)
  • Apple iPad 9th 10.2″ WiFi 64GB (worth S$508.30)
  • S$350 eCapitaVoucher
  • S$300 Cash via PayNow

Existing HSBC Cardholder²

  • S$50 cashback (with S$1,000 min spend)

⚠️ Important – complete all the following steps to be eligible for rewards:

  1. Provide HSBC consent to receive marketing/promotional materials during application
  2. Fill up SingSaver gift redemption form
  3. Make a min. spend of S$500 by the end of the following month from card approval date to be eligible for rewards

Last date to apply: 10th March 2024

For quick reference only; refer to terms and conditions for exact terms and save a copy for future reference:

  1. Terms and conditions
  2. Terms and conditions (existing cardholder)

Get 10X points on eligible Paywave and online transactions. Annual fee waived for life. Tap here for the review

HSBC
Advance

🔥 👍🏼

New HSBC Cardholder¹
Choose:

  • Dyson Supersonic™ hair dryer (worth S$699)
  • Sony WF-1000XM5 Wireless Noise Cancelling Headphones (worth S$429)
  • Apple iPad 9th 10.2″ WiFi 64GB (worth S$508.30)
  • S$350 eCapitaVoucher
  • S$300 Cash via PayNow

Existing HSBC Cardholder²

  • S$50 cashback (with S$1,000 min spend)

⚠️ Important – complete all the following steps to be eligible for rewards:

  1. Provide HSBC consent to receive marketing/promotional materials during application
  2. Fill up SingSaver gift redemption form
  3. Make a min. spend of S$500 by the end of the following month from card approval date to be eligible for rewards

Last date to apply: 10th March 2024

For quick reference only; refer to terms and conditions for exact terms and save a copy for future reference:

  1. Terms and conditions
  2. Terms and conditions (existing cardholder)

Get up to 3.5% cashback on eligible transactions

HSBC Platinum Visa

🔥

New HSBC Cardholder¹
Choose:

  • Dyson Supersonic™ hair dryer (worth S$699)
  • Sony WF-1000XM5 Wireless Noise Cancelling Headphones (worth S$429)
  • Apple iPad 9th 10.2″ WiFi 64GB (worth S$508.30)
  • S$350 eCapitaVoucher
  • S$300 Cash via PayNow

Existing HSBC Cardholder²

  • S$50 cashback (with S$1,000 min spend)

⚠️ Important – complete all the following steps to be eligible for rewards:

  1. Provide HSBC consent to receive marketing/promotional materials during application
  2. Fill up SingSaver gift redemption form
  3. Make a min. spend of S$500 by the end of the following month from card approval date to be eligible for rewards

Last date to apply: 10th March 2024

For quick reference only; refer to terms and conditions for exact terms and save a copy for future reference:

  1. Terms and conditions
  2. Terms and conditions (existing cardholder)

5% cash rebate on dining, groceries, and fuel

HSBC TravelOne

Remember to complete all requirements for your reward!

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🔥 👍🏼

New or existing HSBC Cardholders
Get:

  • 20,000 miles (given as 50,000 Rewards points)

⚠️ Important – complete all the following steps to be eligible for rewards:

  1. Provide HSBC consent to receive marketing/promotional materials during application
  2. Fill up the SingSaver redemption form
  3. Pay annual fee of S$196.20 (inclusive of 9% GST)
  4. Make a min spend of S$1,000 by end of the following calendar month from the card account opening to be eligible for the reward

Last date to apply: 30th June 2024

For quick reference only; refer to terms and conditions for exact terms:

  1. HSBC terms and conditions (Valid till 30th June 2024)

Get 4 complimentary lounge visits via DragonPass. Full review

Conclusion

If you meet the requirements, the HSBC Advance Credit Card remains a pretty decent 3.5% cashback card on nearly everything. Not the best, but probably pretty fuss-free.

The HSBC Revolution, on the other hand, becomes a 4mpd + 1% card. In a world where 4 mpd cards are the best for gathering miles, this makes the HSBC Revolution very good indeed.

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