11 Dec

Does HSBC do cashback?

Written By Dom Mia
December 11, 2023

Posted at 08:52h in Cashback, Home Blog 3 by Dom Mia

If you’re looking for a cashback program that rewards you for your banking activities, you’ll be pleased to know that HSBC offers an enticing cashback offer. New customers signing up for an HSBC Advance or Premier account, along with opening a Global Money multi-currency account, can take advantage of this market-leading cashback program.

Within just 20 days, customers can earn £125, and there’s an additional £80 up for grabs in May 2024. One of the standout features of this offer is that it doesn’t require customers to switch their bank account or close their existing one. So, you can enjoy the benefits without any hassle.

Key Takeaways:

HSBC offers a cashback program for new customers
Earn £125 in 20 days and an additional £80 in May 2024
No need to switch bank accounts
Open an HSBC Advance or Premier account and a Global Money multi-currency account
Cashback is paid into the Global Money account

How to Earn Cashback from HSBC

If you’re looking to earn cashback from HSBC, here’s a step-by-step guide on how to unlock this exciting offer. To be eligible for the cashback, you’ll need to open a new HSBC Advance or Premier account and deposit at least £1,500 within 60 days of opening the account. Once you’ve done that, make sure to complete at least five transactions using your current account debit card.

Additionally, you’ll need to open an HSBC Global Money account via the app and order the Global Money debit card. This account allows you to store, spend, and send money in multiple currencies with no HSBC fees. To receive the £80 bonus, make sure to use your Global Money debit card at least five times by the specified date. It’s important to note that certain spending exclusions apply, such as gambling transactions and cash withdrawals.

By following these simple steps and meeting the eligibility criteria, you’ll be able to enjoy the cashback offer from HSBC. Remember to read and understand the terms and conditions associated with the offer to ensure a smooth cashback experience.

Key Steps to Earn Cashback from HSBC:

Open a new HSBC Advance or Premier account.
Deposit at least £1,500 within 60 days of opening the account.
Make at least five transactions using your current account debit card.
Open an HSBC Global Money account and order the Global Money debit card via the app.
Use your Global Money debit card at least five times by the specified date to receive the £80 bonus.

“By following these simple steps and meeting the eligibility criteria, you’ll be able to enjoy the cashback offer from HSBC.”

Benefits of the HSBC Cashback Offer

The HSBC cashback offer comes with a range of benefits that make it an attractive proposition for customers looking to maximize their savings. Firstly, the cashback offer provides customers with a significant bonus amount that can be earned within a short period of time. By simply opening an HSBC Advance or Premier account and depositing £1,500 within 60 days, customers can earn £125 in just 20 days and an additional £80 in May 2024.

Another advantage of the HSBC cashback offer is the opportunity to win cash prizes through a prize draw. By meeting the eligibility criteria, customers are automatically entered into the draw, giving them a chance to boost their savings even further. The cashback earned through the offer is paid directly into the HSBC Global Money account, which allows customers to store, spend, and send money in multiple currencies without any HSBC fees. This feature is especially beneficial for customers who frequently travel or make international transactions.

Furthermore, customers who take advantage of the HSBC cashback offer can also benefit from the perks offered by the HSBC Premier or Advance accounts. These perks include worldwide travel insurance, fee-free overdrafts, and access to exclusive offers and discounts. By combining the cashback offer with these additional benefits, customers can maximize the value they receive from their banking relationship with HSBC.

Here are some key benefits of the HSBC cashback offer:

Significant bonus amount
Opportunity to win cash prizes
HSBC Global Money account with no fees
Access to HSBC Premier or Advance account perks

“The HSBC cashback offer provides customers with a significant bonus amount and the opportunity to win cash prizes through a prize draw. The cashback is paid into the Global Money account, which allows customers to store, spend, and send money in multiple currencies with no HSBC fees.”

Qualifications and Eligibility for the HSBC Cashback Offer

If you’re considering taking advantage of the HSBC cashback offer, it’s important to understand the qualifications and eligibility requirements. To be eligible for this offer, you must meet certain criteria. Firstly, you cannot have held an HSBC current account or a First Direct current account since October 1, 2018. Additionally, you need to be a UK resident and be at least 18 years old. These requirements ensure that the cashback offer is accessible to a wide range of potential customers.

Once you meet the eligibility criteria, you will automatically be entered into the cashback offer and have the chance to win cash prizes through a prize draw. The winners will be notified on a specific date, adding an element of excitement to the offer. Keep in mind that it’s important to carefully read and understand the terms and conditions associated with the cashback offer. This will help you make the most of the opportunity and avoid any misunderstandings or unexpected surprises along the way.

By meeting the qualifications and following the terms and conditions, you can unlock the cashback rewards offered by HSBC. The cashback amount is deposited into your Global Money account, which provides a convenient way to store, spend, and send money in multiple currencies with no HSBC fees. This account also benefits from the protection offered by the Financial Services Compensation Scheme, giving you peace of mind during your financial transactions.

Comparison with other cashback offers

When it comes to cashback offers, the HSBC cashback program stands out as a competitive option in the market. With its generous bonus amount and unique feature of not requiring customers to switch their bank account, it offers an attractive proposition for individuals seeking cashback rewards. However, before making a decision, it’s important to compare this offer with other cashback deals available from different banks.

While the HSBC cashback program provides a significant cashback opportunity, it’s worth considering your individual needs and preferences. Other banks may offer different cashback rates, eligibility criteria, and additional benefits that might align better with your financial goals. By comparing various cashback offers, you can make an informed decision and choose the best option for yourself.

When evaluating different cashback programs, consider factors such as the minimum deposit required, the number of transactions needed, and any spending exclusions. Additionally, take into account the overall value of the cashback offer, including any additional perks or rewards that come with it. By thoroughly comparing the different offers, you can ensure that you select the one that suits your financial situation and lifestyle the most.

Conclusion

The HSBC cashback offer provides an attractive opportunity for customers to earn a significant amount of cashback without the need to switch their bank account. By meeting the eligibility criteria and following the terms and conditions, customers can unlock the cashback and potentially benefit from the perks offered by HSBC Premier or Advance accounts. It is worth considering this offer in comparison to other cashback programs and determining which option aligns best with individual financial goals and preferences.

The HSBC cashback program presents a rewarding way for customers to earn money while still enjoying the benefits of their current bank account. With a generous bonus amount and the flexibility to earn cashback without switching banks, it stands out among other cashback offers in the market.

By simply opening an HSBC Advance or Premier account, depositing £1,500, making five transactions with the debit card, and opening an HSBC Global Money account, customers can start earning their cashback rewards. The cashback is paid directly into the Global Money account, providing customers with a convenient and secure way to store and spend their money in multiple currencies.

Furthermore, the HSBC cashback program comes with additional benefits such as access to worldwide travel insurance and fee-free overdrafts offered by the Premier or Advance accounts. This comprehensive package ensures that customers not only earn cashback but also enjoy a range of perks that can enhance their banking experience.

FAQ

Does HSBC offer a cashback program?

Yes, HSBC has launched a market-leading cashback offer for new customers.

How can I earn cashback from HSBC?

To earn cashback, you need to open a new HSBC Advance or Premier account, deposit £1,500 within 60 days, make at least five debit card transactions, and open a Global Money account via the app. You also need to order the Global Money debit card and use it five times by a specific date.

What are the benefits of the HSBC cashback offer?

The HSBC cashback offer provides customers with a significant bonus amount and the opportunity to win cash prizes through a prize draw. The cashback is paid into the Global Money account, which allows customers to store, spend, and send money in multiple currencies with no HSBC fees. Customers can also benefit from the perks offered by the HSBC Premier or Advance accounts, such as worldwide travel insurance and fee-free overdrafts.

What are the qualifications and eligibility for the HSBC cashback offer?

To qualify for the cashback offer, you cannot have held an HSBC current account or a First Direct current account since October 1, 2018. You also need to be a UK resident and over 18 years old.

How does the HSBC cashback offer compare to other cashback offers?

The HSBC cashback offer stands out in the market due to its generous bonus amount and the fact that it doesn’t require customers to switch their bank account. However, customers should consider their individual needs and preferences and compare the offer with other cashback deals available from different banks.

What should I consider when deciding to participate in the HSBC cashback program?

It is worth considering this offer in comparison to other cashback programs and determining which option aligns best with individual financial goals and preferences.

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