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Earn 2% Instant Cashback on Everyday Global Debit Card (Tap and Pay under $100, Max $50/Month Cashback) @ HSBC Australia

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Earn 2% Instant Cashback on Everyday Global Debit Card (Tap and Pay under $100, Max $50/Month Cashback) @ HSBC Australia
Go to Deal
BargainsGrabber on 06/06/2023 - 09:51 hsbc.com.au (5199 clicks)
Last edited 03/12/2024 - 16:39 by 1 other user

An obligatory OzReminder on this great offer from HSBC

Credit to initial OP’s HSBC post

Steps:

  1. Deposit at least AUD2,000 into your HSBC Everyday Global Account every month (can be withdrawn at any time).
  2. Earn 2% cashback instantly on purchases "under $100 (=$99.99)" with tap and pay. Max $50 per month.

Tips:

  1. Get the App to check if cashback is activated under Everyday Extras section
  2. Tap & pay with Apple Pay/Google Pay

Fees and charges for the Everyday Global Account

Account Service Fee Fee
Monthly Service Fee $0
Transaction Fees Local - Per Transaction
Online Banking $0
Deposits $0
ATM Withdrawals $0
EFTPOS $0
Bank@Post™(Post Office) $0
Automated Phone Banking $0
BPAY® $0
International Transaction Fees Per Transaction
Overseas ATM Withdrawal Fee $0
Overseas Transaction Fee – Payable when you make a transaction on your account in a currency other than Australian dollars, or you make a transaction on your account in any currency (including AUD) that is processed/billed by either the merchant or its financial institution/payment processor outside of Australia 0% of the total value amount of each such transaction

Update (As of 11 April 2024)

What transactions don’t cashbacks apply to?

business
bus, rail & ferry fares
traveller’s cheques
refunds
vending machines
purchases made with cash withdrawals
commercial
foreign currency
money orders
reversals
car parking
online purchases
Bitcoin and other
government
debt payments
money transfers
gambling
cash withdrawals
transactions made by us
non-fiant currency

Terms

Financial Bank Account Cashback Debit Card Transaction Account

Related Stores

HSBC
HSBC

Comments

      • capslock janitor on 08/06/2023 - 00:59

        What's wbc

        • burningrage on 08/06/2023 - 19:27
          +1

          WBC. ASX code for Westpac Banking Corporation.

  • Narchos on 06/06/2023 - 16:49
    +1

    Support is shit. I had an inactive account from years ago so can't open a new account.
    Tried calling them to get it back up and running but after doing what they told me to do, they told me to call back in a week?

  • syswong on 06/06/2023 - 17:25
    +6

    The worse branch customer services…..

    My wife couldn't print statement so go to branch and find out the system automatic change statement frequency to 6 months. Then they ask for $20 to print a record for her. Worse she complain again and telling them how bad the services level is, they say if ok, you don't like it you can leave us and go to other bank. Amazing.

  • Diana0777 on 06/06/2023 - 19:33

    I love this transaction account! It doesn't earn interest, but the 2% cashback I feel is better. I only transfer money into it the first day of every month (the required $2K to activate the 2% cashback), then I transfer it straight out again to my Ubank account so that I'm not missing out on high interest on the 2K. Then prior to making a transaction that is under $100, I quickly transfer what I need into my HSBC to cover that transaction, then I tap and go. It is important that you tap and not insert your card as this will disqualify you from the 2%. Also, another hack is if the amount is over $100, just do split payments ie multiple taps of $99 etc at the one retailer until the full amount is paid.

    The only other thing you need to be mindful of is that you don't get cashback when paying bills at Service TAS (or Service NSW etc) or when paying bills at the post office. Someone, please correct me if this is no longer the case now, but I know it certainly used to be the case.

    • U30004 on 06/06/2023 - 20:53

      All this hassle for 2 dollars. You will get permanent anxiety .

      • Diana0777 on 06/06/2023 - 22:48

        It all adds up, it's not just $2, it's actually up to $50 per month. I've literally got hundreds of dollars cashback. I consider it worth the little bit of time to transfer each month.

    • pandadude on 06/06/2023 - 21:34

      You can always deposit more and become HSBC Premier customer.

      Really I suggest for most people just to leave 500 to 1500 dollars in the account after reaching the minimum deposit. If the transaction is less than 100 use tap and pay. If its more than 100 use credit card.

      At 5% interest to make it round numbers. 0.417% per month. Which is interest per month of 2.08 for $500 or 6.25 for $1500. If you tap and paid that amount it would be $10 for $500 (6+ taps) and $30 for $1500 (15+ taps).

      As per HSBC last year I earned $177.16 in cash back.

      • capslock janitor on 08/06/2023 - 01:09

        How to be Premier customer and what are benefits?

        • capslock janitor on 13/06/2023 - 02:11

          @pandadude

          • pandadude on 14/06/2023 - 21:23

            @capslock janitor: The benefits are outlined on the HSBC website.

            • capslock janitor on 02/07/2023 - 19:37

              @pandadude: How's it work, Can we transfer 9K in, and back out?
              How many months til it unlocks/notifies where? Thanks

              Option 1: regular money in
              Maintain regular 'money in' deposits totalling AUD9,000 into your account each month7.

              • daoddv on 25/12/2023 - 11:34

                @capslock janitor: Regular money in 9k/pm for 6 consecutive months, you can transfer in and out within a day.

    • dlee on 08/06/2023 - 05:16

      You wrote: "another hack is if the amount is over $100, just do split payments ie multiple taps of $99 etc at the one retailer until the full amount is paid."

      Be aware that HSBC (sometimes) does not like multiple transactions from the same retailer in quick succession. Sometimes it's not a problem, but a couple of times the retailer (that I regularly use) got "scam checked" by the bank (they phoned to check that the transactions were genuine). I guess it's good, in case a bad retailer tries to repeat transactions without the card holder's knowledge or whatever, but it does mean that multiple split payments may get rejected. Plus, some weird retailers (I'm looking at you, ALDI…) flat out don't allow split payments at all (why is that?).

      The 2% rebate is good though.

      • DoctorCalculon on 03/07/2023 - 19:40

        I'm looking at you, ALDI

        The only split ALDI allows is cash + credit, which is super annoying.

    • CVonC on 03/11/2023 - 16:53

      The only other thing you need to be mindful of is that you don't get cashback when paying bills at Service TAS (or Service NSW)

      Damn I just stuffed this up. Did split payments at Service NSW for rego and didn't realise no cashback. Oh well 87c in surcharge down the drain.

  • So Was Red on 06/06/2023 - 20:32
    +6

    "That's $199 thanks"
    "Can I put half on one card and half on another?"
    pretends to get different card out

  • robhung on 06/06/2023 - 20:53

    Needing to transfer money out of your savings seems a bit of a task for 2%.. wouldn't it be better off in a high-interest account, given the interest rates lately? At least when you swipe with a rewards card, you can earn points and interest, and pay it off later?

    • wangasm on 06/06/2023 - 21:16
      +1

      You can withdraw the $2000 straight away so it barely makes any difference. With some banks, it will make no difference.
      Even if you keep the $2000 in there for a day. At a 5% interest rate, you will lose 27 cents for each day it's not in your savings. If you spend just $14 with the card it already makes up for it.

  • Xxmilker69xX on 06/06/2023 - 22:29

    Can I deposit, withdraw and send usd with this account?

  • notewar on 06/06/2023 - 22:41

    Only support Apple Pay and Google Wallet…..RIP Samsung pay user T_T

    • Jeeyang on 06/06/2023 - 23:37

      Can Samsung mobile use Google Wallet?

      • bamzero on 07/06/2023 - 00:25

        Guessing more a problem for older Samsung watches that only have Samsung Pay

  • Sidor on 07/06/2023 - 07:55

    Any way to track $50 cashback limit during the month? I only realise not getting 2% when they stop paying it.

    • factor on 07/06/2023 - 12:28
      +2

      Put max of $2500 into your account each month. Both because you are losing interest and then losing the cashback.

      • Bdawg on 07/06/2023 - 15:26
        +2

        I just keep $300-$500 in there and top up as necessary. Who spends $2500 a month on paywave!?

        • capslock janitor on 13/06/2023 - 02:13

          Buffer for the occasional big splits haha more like 1k Max for me..

    • Webber000 on 08/06/2023 - 19:04
      +2

      Yep - on the app click your account and then click "Everyday extras" at the top above your transactions and you will eventually (its slow and the previous version of the app was even worse as it would fail the first time every time then you have to clear the error and retry and then it would always work second time!) load a page with a wheel that shows your cashback $ so far this month (and previous months for that calendar year and lifetime total) and also if you have met the qualifying criteria for next month yet or not.
      Only thing to check would be if the amount earnt includes any pending transactions or not - because usually you see a pending cashback with the pending transaction, but sometimes the cashback doesn't get added until after the transaction actually finalises (not pending).

      • daoddv on 06/12/2023 - 05:33

        my Exveryday Extras does not work for months. just error and keep loading.

        • Webber000 on 06/12/2023 - 18:36

          Yep, its done that to me for about a year (since the update before the last one if I recall). Trick is to click every day extras so it loads the blank screen that never loads, now press X at the top to close it, press Leave on the annoying popup, now click Everyday Extras again and for some reason it will now load up fine pretty quickly!
          (FYI, my biometrics is also still broken despite them saying they fixed that in the last update!)

          • daoddv on 06/12/2023 - 20:34

            @Webber000: Thanks for your help but did not work to me. I clicked Everyday Extras, wait to load the loading screen, press X, Exit, then back to Everyday Extras. it is still loading. This happened to me last update as well. Asked them once and they said technical issue should be fixed after couple of weeks but still the same…

  • jrvb42 on 07/06/2023 - 08:35

    Thanks OP. I've been using this account for a while now and it is brilliant. 2% cashback without vouchers, cashback or other hoops. And their overseas cash withdrawals are good too. My fave account.

  • nenadb on 08/06/2023 - 13:46

    I've just signed up for this card. So just to be clear if I transfer money from AUD to YEN then "lock" in that certain amount when I go to withdraw in Japan it would be deducted from the "locked" in yen?

    Is that correct, can someone who has used this card overseas confirm?

    • Webber000 on 08/06/2023 - 19:09
      +1

      Yes - as long as you have enough and its available (not blocked by a pending transaction that hasn't cleared yet etc).

  • tessel on 09/06/2023 - 17:11

    The $2000 a month. Does it matter when you transfer the money in? Say you transfer it in on the 10th of the month. Do all transactions prior to the 10th still get the cashback or is it only transactions after the required money goes in?

    • capslock janitor on 09/06/2023 - 18:30
      +1

      I reckon the latter, cos cashback is immediately pending after each transact.n

      • tessel on 09/06/2023 - 19:08

        Thanks. I'm guessing it is the latter meaning you don't get the cashback until you've transferred the required amout but wasn't sure.

    • GS9891 on 09/06/2023 - 20:49

      If you transfer $2000, it unlocks the cashback benefit for the NEXT month, not the current (though can't remember what happens for the first month, had it for so long now).

      • Webber000 on 10/06/2023 - 14:52
        +3

        No, it unlocks it for what is left of that current plus the next calendar month. 100%

        • GS9891 on 10/06/2023 - 17:26

          Ah, so they give you the first as a freebie (once meeting the requirements), fair enough.

    • Webber000 on 10/06/2023 - 14:50
      +1

      Can confirm you get it from the time the transaction clears your account till the end of the FOLLOWING month. Though in my experience sometimes it doesn't actually activate it and there is nothing at all you can do - even paying in another $2000 did not trigger it and their customer service is not able to fix anything.
      If you deposit $2000 on 10th JUNE at 3pm then every new transaction you make from 3pm SHOULD get cashback, all the way until 31st JULY 11.59pm.

  • Cc2018 on 14/06/2023 - 13:17

    Today, I tried transfer
    from Westpac to HSBC, NOT instant.
    from Ubank to HSBC Yes.
    from Westpac to Ubank Yes.

    I remember a few weeks ago, I transfer from Westpac to ING, NOT instant.

    It seemed more trouble from Westpac.

    • ssdexecutor82 on 21/06/2023 - 00:11

      just tried westpac to hsbc no
      tried commbank to hsbc yes

  • OzFrugie on 15/06/2023 - 15:26

    Does anyone know how to buy foreign currency with this hsbc account?

    I am thinking buying some yen for holiday in the future while it is currently in good rate.
    I can see in online banking I have yen (and other currencies) available with $0 balance.

    Once I have some yen there, how can I use it to pay for stuff while in japan?

    Tia

  • ssdexecutor82 on 20/06/2023 - 23:25

    Does anyone know if the cashback works with samsung pay?

    • Webber000 on 21/06/2023 - 12:30
      +1

      No I don't, but if you can add your card then it should do.
      The only reason people recommend apple/google pay is because the card readers can't route those through Eftpos automatically (you have to click to change it) so the transaction always goes through Visa and you get the 2% (you don't get the 2% if you enter your card, or if its tapped and routed through eftpos due to some merchants using lowest cost routing).
      You will only get it on tapped transactions where you tap your phone to pay (and there are lots of exclusions such as government, vending machine, parking, transport etc) and we never get it if we checkout online with Google Wallet/Pay online etc - just in person when you tap your card/phone/watch etc.
      Can't see why Samsung Pay would be different unless you are aware that Samsung uses lowest cost routing?

  • ssdexecutor82 on 03/07/2023 - 18:30

    Does it work at aldi?

  • noelhoi on 07/07/2023 - 10:24

    I’m new in the game.. say I purchase $150 worth @Coles, at check out I split payment with cards paying $90 and $60 in the one transaction. Would that trigger the 2% to be paid at both the $90 and $60 portions respectively?
    I called CS and they said it wouldn’t work since it’s technicaly still one transaction, but would love a real feedback if any of you have tried it or have info.. TIA 🙏

    • haemolysis on 16/07/2023 - 00:36
      +2

      You have clearly just confused the CS rep. It’s two transactions as far as HSBC is concerned and you get cashback on both.

  • Empharand on 10/07/2023 - 20:02

    I don't know if this has been touched on previously…
    theoretically if I deposited $2000+ a month into the HSBC Everyday Global Account and then transferred that almost immediately into a HSBC Bonus Savings Account connected on the same account would that satisiy the minimum $2000+ deposit for the 2% cashback AND allow you to take advantage of the 5% interest rate on the HSBC Bonus Savings Account ?

    • wdw on 14/07/2023 - 14:07
      +1

      I just opened both accounts. Deposited $2000 into Everyday Global which activated the 2% CashBack which has worked (you can see if it is activated in the app) and I then moved some of the money into the everyday savings account on same day so yes this works. It’s based on a deposit not where you leave it. I am using normal savings account as it’s 5.15% for 3 months introductory so no increase requirements. Will decide at end of 3 months about getting the bonus saver.

      • Empharand on 14/07/2023 - 19:40
        +1

        Yeah all good. I rang them a few days ago and the agent confirmed that you can do what I wrote above. Went ahead and opened an account the same day, so far so good :)

        I'm currently in the process of moving my funds from Commbank to HSBC but unfortunately HSBC doesn't have PayID so the transfers have been taking the better part of 24-48 hours. That's the only down-side I have seen thus far but I'm sure PayID is on their radar and will be available soon-ish (Hopefully). My only other complaint is the web-based UI but it's definitely not a deal-breaker.

        Did a transaction at ALDI earlier and the 2% cashback appeared without any delays or BS which is awesome.

        Probably should have replied to my post to say that the HSBC Everyday Global Account / HSBC Bonus Savings Account idea works but I kinda got carried away with other matters so I forgot :(

      • Sidor on 16/07/2023 - 08:19

        How did you get 5.15%? Can only see 5.00%

  • wdw on 06/08/2023 - 19:46
    +2

    Something interesting I’ve just discovered. (This is only my second month, so I am now just seeing how the $2,000 requirement works when doing multiple transfers).

    It appears the $2,000 amount also counts transfers from the HSBC Savings account into the Everyday Global account. I discovered this as I transfer money into the Savings account until it’s needed to spend, so it’s earning interest.

    I’ve made two transfers from the Savings account in the last couple of days and they are showing as counting toward the $2,000 requirement in the Everyday Extras section of the app.

    Looking at T&Cs they don’t suggest this is excluded by the way it’s written. I’ll still do the $2,000 in externally each month just to be safe as I’m not sure if this will cause an issue and I don’t want to miss out on the 2%.

    Has anyone else seen this happen? You would think they would want external transfers in but that doesn’t appear to be the case.

    T&C extract:

    Cashback Offer
    What is our cashback offer?
    If you deposit at least $2,000 into your Everyday Global Account before the last business day of each calendar month (and your Visa Debit card is linked to it) you can earn 2% cashback on eligible purchases under $100 made from your Everyday Global Account where you tap to pay with Visa payWave, Apple Pay and Google Pay™. You will be eligible to earn cashback from the time of eligible deposit is made until the end of last business day of the following calendar month. Cashback will be paid into your Everyday Global Account, and the maximum cashback that can be earned is $50 per calendar month.

  • tooblue on 10/08/2023 - 15:51

    Can anyone with this Everyday Global Debit Card confirm whether the online banking has schedule payment (pay anyone in future date) feature. My previous HSBC Day to Day Account can only do transfers on the spot.

    • CVonC on 11/08/2023 - 02:15

      yes you can do scheduling on the app :)

  • G4mbito on 20/08/2023 - 08:47

    Will I get the cashback if I buy 3×$30 =$90 gift cards in store?

    • Webber000 on 21/08/2023 - 21:08
      +2

      Yes, gift cards are fine. You will get 2%. Just make sure you tap (as you never get cashback if you insert the card).

  • iykyk on 06/10/2023 - 12:39

    I'm confused, should I transfer the $2K on the first or last day of the month?

    • CVonC on 06/10/2023 - 14:41

      Any day of the month to get the 2% cashback for the next month.

      • iykyk on 06/10/2023 - 20:05

        Thanks. It says it lasts until the end of the next calendar months. Would it work to transfer every second month on the 1st?

        • CVonC on 10/10/2023 - 16:50

          Every month you have to transfer 2k

          • indomatic on 11/10/2023 - 13:17
            -1

            @CVonC: You only have to transfer every other month

            • CVonC on 11/10/2023 - 14:53

              @indomatic:

              1. HSBC Everyday Extras is a feature of the HSBC Everyday Global Account. You will be eligible for Everyday Extras if you deposit at least AUD2,000 into your HSBC Everyday Global Account before the last working business day of each calendar month.
              • indomatic on 11/10/2023 - 17:49

                @CVonC: Try it, I've done this for more than a year. It even says "until the end of the next month." Of course to ensure the benefits don't lapse you need to do this on the first day of the month.

                • CVonC on 11/10/2023 - 19:37

                  @indomatic:

                  until the end of the next month

                  That would be for the actual benefit ie

                  Deposit 2k any day in Jan = benefit for all of Feb
                  Don't deposit anything in Feb = no benefit for all of March

                  • indomatic on 11/10/2023 - 19:46

                    @CVonC: You would still benefit in Mar by depositing then, even if you didn't deposit in Feb.

                    • CVonC on 11/10/2023 - 19:50

                      @indomatic: Right so it's slightly different (and better) than ING's benefit eligibility then. Their wording of "each month" is misleading then.

                      • Webber000 on 12/10/2023 - 20:30
                        +2

                        @CVonC: I think you've slightly mis-read it.
                        It does say that you need to deposit "each" month as you state, but if you read on it does make it clear that you get the benefit "from the date of that deposit until the end of the next month" (it doesn't state that its for the next month, its from the date of deposit for that month PLUS the whole of the next month).

                        @iykyk 100% fine to deposit on the 1st and just do it every other month if you want - its what I often do. The only issues you will have are that any purchases you make on 1st before the deposit clears will not get the cashback (and deposits into HSBC take hours in my experience) if you go shopping that morning, plus you may have issues with any PENDING transactions (eg ones on the last day of the previous month that are not settled by the end of the month do sometimes drop off and not get cashback if they they clear/process after 1st. Sometimes they do and sometimes they don't - just like sometimes the cashback shows as pending instantly and sometimes it takes a few days to appear. Also FYI - if you have an attached hsbc savings account you can just do a transfer from there and then put it back later that day. Theres no need for it to be from an "external" source, and no need to keep the money in the account.

                        • CVonC on 01/11/2023 - 13:51

                          @Webber000: Just updating on this, for November it says I have $2000 more to go to unlock the everyday extras. The last time I deposited 2k was start of October.

                          Is there any indication on the app that I will be receiving the 2% cashback for November before doing the 2000 that it says to unlock it? I can't seem to find any indication. I suppose I can just do a test transaction.

                          • CVonC on 01/11/2023 - 20:15

                            @CVonC: Just to answer my own question, still receiving cashback even though app says $2000 more to go.

                            • wdw on 04/11/2023 - 10:34
                              +2

                              @CVonC: The app shows the month in green in the Everyday Extras screen instead of grey so you know it’s activated. The $2K to go is for next month’s requirement or the current month if you didn’t do a deposit the previous month.

                            • Webber000 on 29/11/2023 - 17:29

                              @CVonC: @CVonC sorry only just saw your post.
                              I've not seen that issue before - though HSBC are littered with issues and problems that they can't fix.
                              For me, I have never had it stay grey and say $2000 more to go but still give me cashback. I have had two times when I had paid the $2000 and it said I hadn't, but they did NOT give me the cashback, and I put in another $2000 and it still said I hadn't done any so I just didn't get any those months.
                              But every other time it does update within 24 hours showing the deposit and goes green for the current and next month. I've never seen it stay grey (after 24 hours).

  • UnemployedDeveloper on 05/12/2023 - 16:04

    Can I withdraw in Bali with this card without ATM fees and good exchange rates?

    Was in Thailand and Wise or Revolut had really good forex rates but ATM fees applied

    • Shadowsfury on 05/12/2023 - 16:27

      Rates are OK - but not as good as a no fee Visa or Mastercard

  • Oauiii on 05/12/2023 - 17:20

    international fee is 0 I think.

  • Edeena on 05/12/2023 - 17:52

    When you first signed up, do you get the 2% cashback right away same month or it will be available next month (after depositing 2k)?

    • hit23head on 05/12/2023 - 21:16

      from day 1

    • Webber000 on 06/12/2023 - 18:38

      confirm its straight away from as soon as you put the $2k in you will get cashback on any new transactions after that processes/clears and is shown on HSBC app/website.

  • gwong on 05/12/2023 - 20:44

    Great deal. Automated transfer of $670 each week works for me. Have saved $700 in a few years. Better than Qantas points etc

    • Techefy on 06/12/2023 - 07:30

      How do you get 2% cashback from automated transfer ?

      • zorodluffy on 06/12/2023 - 14:21

        i think its so that he deposits the required 2k a month, to be eligible for the cashback

        • gwong on 06/12/2023 - 20:46

          Yeah and also have the funds to tap with

  • hit23head on 05/12/2023 - 21:19
    +2

    if you have some patience and like using cash like at Aldi or wherever you can you also get 2% cashback on cashout payment at woolies so say my woolies total is 8 dollar you just put in cashout of 90 dollar , you will get 2% cashback on entire 98.

    • Techefy on 06/12/2023 - 07:31

      What is a cash out order? Never heard of it.

      • CVonC on 08/12/2023 - 01:27

        how…

        it's just like withdrawing from an atm but instead of an atm, it's at the cash register

        • Techefy on 08/12/2023 - 09:15

          Thanks, do i have to go through an assistant to do that? Guess it is not there at self checkouts.

          • CVonC on 08/12/2023 - 11:21

            @Techefy: No cash held at self checkouts…..

  • [Deactivated] on 05/12/2023 - 21:49

    This seems like it's better than for interest on my transaction account in Macquarie!

  • cbrbargainer on 06/12/2023 - 08:25
    +2

    Always worth a re-post OP. Thanks for sharing.

    The $2000 deposit actually covers cashback for remainder of the current month and the next full calendar month.

    I've been using this as my "spending" bucket for about five months now and love the 2% cashback. Also works if you split a larger transaction into two sub-$100 transactions (the first time I tried by splitting a Woolies purchase into two) I thought they'd deny cashback on the second one.

  • zorodluffy on 06/12/2023 - 14:20

    would i be able to pay my utitlities bill and get the cash back? as far as i know you cant pay them via tap and pay yeah?

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