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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 Deposit at least AUD2,000 into your HSBC Everyday Global Account every month (can be withdrawn at any time).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

    • cbrbargainer on 06/12/2023 - 15:11

      If your utilities allow you to pay over the counter at AusPost, and you can split the transaction into multiple transactions no greater than $100, then yes, you'd get cashback :)

  • ollieksj on 10/12/2023 - 14:26

    Does the 2% cashback only apply to apple pay where I literally tap? Not for example, through apple pay on afterpay???

    • Webber000 on 11/12/2023 - 18:25

      Yes you must literally tap. (you never get it if its online, telesales, keyed, manually imput, or through a third party like PayPal or Afterpay).

  • ssdexecutor82 on 27/01/2024 - 17:15

    Is this card good for using on royal carribbean ships that charge In USD or is there a better option?

    • Webber000 on 28/01/2024 - 18:12

      Depends how much you will spend. For smaller amounts I generally find Wise is cheaper as they charge a small fixed fee plus a small percentage if you are looking at buying/hedging USD when you think the rate is good. But for larger amounts Wise may cost more. If you are not wanting to buy/hedge then look at someone who uses Mastercard as their rate is almost always better than Visa (HSBC and Wise use Visa now).

      • ssdexecutor82 on 03/02/2024 - 20:57

        So qantas cash card not ideal?

  • sicinadan on 06/03/2024 - 06:51

    Is this deal ending on the 11/04/2024 ?

    • Webber000 on 06/03/2024 - 18:28
      +1

      No. They issued new T&C's yesterday but it appears to just be wording changes. Everything about the card/account/cashback/fees etc all seems about the same as the previous T&C's.

  • hamza23 on 06/03/2024 - 11:00
    +2

    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

    • Webber000 on 06/03/2024 - 18:26

      I got that email yesterday too. I think its just minor wording changes, because the previous T&Cs already stated they were excluded.
      I couldn't actually detect any real changes to anything to do with the card/cashback/fees so as far as I can see everything continues as normal.

    • sicinadan on 07/03/2024 - 06:59

      Thank you :D

    • bamzero on 23/03/2024 - 13:24

      I don't recall getting that. I did get an email saying that as of 27/3/24 we'll no longer be able to change payment limits online or in app, and will have to go into a branch or call.

      Kind of annoying when they do these things "in the name of safety from scammers" (much like 24 hour delays for "instant" transfers which has just enabled scammers more than anything (ie Deon))

    • neonlight on 03/12/2024 - 19:55

      So people still using this when they added Transport in it? Was great while it worked before April

  • captbollocks on 06/03/2024 - 20:23

    What does "commercial" and "business" payments refer to that are now included in the cashback exceptions from April?

    • Webber000 on 07/03/2024 - 16:55

      My guess is they're trying to say its for personal use and if you own your own company you can't use it for commercial/business use, or it could be that certain Merchant codes are actually called that, but very strange wording addition. Probably irrelevant given they've never properly enforced the list anyway. Sometimes I've received cashback on parking and bus fares (both opal topup and tap on/off) - but its completely inconsistent as theres also things I should have got cashback on and didn't.

      • captbollocks on 07/03/2024 - 17:40

        I think those you mentioned will only take place from April (but i have nothing to compare to so not sure).
        Hopefully you're right and we can still get cashback on those…

  • OZBMate8911 on 21/03/2024 - 15:13

    Going through the application process is absolutely painful.

    1) I submitted the application but there was an error in submission, needed to resubmit the application again.

    2) Submitted the application again. Needed sighted and signed IDs for both account holders. Done and sent via snail mail as requested.

    3) Application sat with them for a week (once received by them). Required a phone call to them to get things moving again.

    4) They then need to run through the entire application with you again, confirming everything you entered into the application, as well as play you several audio clips that you have to agree to. This process took 25 minutes!

    6) After all of that, you then need to send them photos of your licence AGAIN, along with a selfie video.

    To their credit the staff at HSBC have been understanding and accommodating, but man alive, it's like they don't want customers. Two weeks and several phone calls later and I still don't have an account open with them.

    I suppose there's no such thing as a free lunch.

    • Webber000 on 22/03/2024 - 19:19
      +1

      Sorry to hear that. I signed up in person in a branch and they did everything while I waited, took less than 10 minutes and that included her helping me download and setup the app so I walked out actually being able to see my account.

      BUT I will give them little to no praise on anything since then. Their online support is not ever able to help with anything, they actually don't have the power to do anything apart from 'chat'. Cashback is not always given, they've had major Outages, the app has had the same bugs for years despite them updating it. The main thing is that if you can't trust them to fix an issue then you can't trust them with a serious amount of money.
      Sure I use them for the cashback as I don't have anyone else paying me cashback, but be warned their own customer service will say they can see the fault affecting your account, see it was escalated and that team ignored the request so they will put another request in, which gets ignored again, and you never get some of the cashback that they agree you were due.

      • OZBMate8911 on 22/03/2024 - 21:35

        Far out, what am I in for lol.

        The main thing is that if you can't trust them to fix an issue then you can't trust them with a serious amount of money.

        I agree, I plan on money going in each week for tap and gos which will be enough to cover minimum monthly deposit. No more than that though

        the app has had the same bugs for years despite them updating it.

        What are the bugs in the app? Can it be worked around by going to the website?

        • Webber000 on 23/03/2024 - 19:34
          +1

          Main one that's existed for years is the "everyday extras" tab (where you see if you have qualified for this and next month and get a total of your cashback) won't load. I've seen others on this thread saying nothing fixes it, but for me personally I can fix it. Click it and it opens a blank page that never loads, click back button and you get a message asking if you really want to leave. Press yes. Then click everyday extras again straight away and it will now load. Website is always fine.

          People have also reported that the wheel on that page fails to update showing you have qualified for this/next month. Some say that they have been given the cashback as normal even though that page shows they haven't qualified. Personally Ive only had that happen once and I did not get given any cashback - even though I had deposited the $2k. Wheel on everyday extras page kept saying I hadn't deposited anything. I deposited a further $2k and it still said $0 and wouldn't give me cashback. Their customer service agreed and several times escalated it but the "team" who just ignore it and never fix it and never gave me the cashback I was due. That was not the month they broke cashback for everyone, it was before that.

          FYI - they do say it can take several days to see the cashback. 98% of the time it shows instantly. Of those that don't, half of them you will see get added a few days later and the others you just wont ever get even if you ask.

    • bamzero on 23/03/2024 - 19:55
      +1

      Things must have changed… I set up a Everyday Global account online a few years back.. I don't recall having to jump through any hoops like that. Just the usual online ID verification as far as I can remember. Guess I'll find out soon enough, was planning on setting one up for the missus too.

      As for the Everyday Extras problem Webber000 mentions, can't say I've had any trouble with it in the app either, page loads fine and the pie chart shows correctly. Has activated each month and no issues getting my cashback.

    • OZBMate8911 on 27/03/2024 - 16:04

      UPDATE: now the 27th and account is still not open. Called today for an update and was told original case manager would E-Mail and hasn't yet.

      • OZBMate8911 on 06/04/2024 - 21:04

        FINAL UPDATE: Account open 2nd April. About 4 week turnaround time to open account. Be warned!

  • san87 on 28/03/2024 - 16:04

    I have just signed up online and took around 10 mins.

  • wangasm on 29/04/2024 - 09:05
    +1

    Fyi can confirm Melbourne Myki top ups still give cashback

  • capslock janitor on 13/05/2024 - 16:46

    Anyone know if it's also 2% rebate on tapping abroad or nahhh?

    • san87 on 13/05/2024 - 19:42

      No 2% rebate on tapping abroad.

  • Poor Ass on 04/06/2024 - 10:03

    I find the lock in foreign exchange rates to be one of the best on this card. Anyone else agree?

    • Charlie Dont Surf on 04/06/2024 - 10:29

      How long is the lock?

      • Poor Ass on 04/06/2024 - 10:54

        haha not like a 7 eleven fuel lock

        but exchange at the market rate and store it on the card for later use. rate refreshes every second but once it's on your screen you have maybe 20-30 secs to use it

        compared to the big 4 I've calculated it was 3-4% better

        • Charlie Dont Surf on 04/06/2024 - 11:46

          The reason I ask is that Wise has an exchange-rate lock for around 36 hours if you set up a forex transfer. For anything involving forex, I prefer Up, Macquarie, Wise before looking at HSBC.

          • Poor Ass on 04/06/2024 - 12:10

            @Charlie Dont Surf: You you saying you can lock in rate and can choose to redeem or let it expire?

            I don't believe Up you can lock in price and store currency on the card. Only what ever is at market?

            I did hear good things about Up and Wise but the wise fees was bit confusing

        • alcadive on 05/06/2024 - 07:46

          Whereabouts in the app do you do this?

          • Poor Ass on 05/06/2024 - 10:26
            +1

            @alcadive: if you haven't setup the global account with foreign currencies you might need to either call up to add them or opening up a new global account and select the currencies you want

            once done you can move money from AUD to what currency you want and it will tell you the rate.. quite easy to use

  • Frozensage on 04/06/2024 - 10:33

    I put $500 in there every Monday, usually lasts till the following week with everyday spending.

  • Asti on 04/06/2024 - 10:55

    I was a customer with them and they are a total pain in the ass in terms of their archaic infrastructure and customer service. This reward is great, but I personally don't I still steer clear of them.

    • Poor Ass on 04/06/2024 - 11:09

      good product shit service that sums it up nicely

  • charliechao on 04/06/2024 - 11:01

    Is this better or Citibank rewards card better? I have citi signature and can accumulate points for gc or transfer to airlines

    • wdw on 04/06/2024 - 11:06
      +1

      Well for tap and pay under $100 it’s 2% instant back in the account. Better than any CC out there is offering. Excluding bonus promotions of course.

  • Eevee on 04/06/2024 - 11:01

    Looks like there isn’t interest on top of the cash back?

    So maybe the optimal play is to deposit 2k into this account, transfer most of it out back into an account that pays interest/offsets home loan, then use the HSBC card for everyday purchases?

    • wdw on 04/06/2024 - 11:05
      +1

      No interest on the account that’s right and it shows in app at top of you pull the screen down slightly above transactions. I just transfer in $100 at a time when I use the account and leave the money elsewhere. Top it up to $2K by end of month to activate next month and move it out again.

    • plasmapuff on 04/06/2024 - 11:23
      +1

      That's what I do. 2K in and then maybe 1800 out to keep the account at about $500 for tap and pay payments.

      HSBC is now on osko which makes this process instant.

      • OrangeBJ on 04/06/2024 - 12:13
        +1

        2k-1800=$200?
        Am I terrible with maths? or reading.

        • daoddv on 04/06/2024 - 20:17
          +1

          $300 balance before I think. I usually have $350~500 in it, enough for daily commute, groceries and fuel.

  • xiuhan83 on 04/06/2024 - 11:03

    does the cash back works for international transaction?

    • Poor Ass on 04/06/2024 - 11:11
      +2

      no

      tap only in Australia under $100 per transaction

  • Eskibar on 04/06/2024 - 11:15

    Not sure if it's just me but I dont transfer deposit 2000$ and I still get the cashback..

    • CVonC on 04/06/2024 - 13:02

      You only need to do it every two months not every month.

      • illusion99 on 03/12/2024 - 13:00

        Is it? The T&Cs are below and says “each month”

        Receive 2% cashback on eligible tap and pay purchases under AUD100 (up to AUD50 per month), when you deposit AUD2,000 or more each month into your Everyday Global Account to unlock Everyday Extras

        • CVonC on 03/12/2024 - 13:38

          The 2% cashback starts from the date you deposit 2k until the end of the next month.

  • ozoner on 04/06/2024 - 14:50
    +1

    If you've got time on your hands, you can maximise your cashback each month by buying a cheap item at Woolies, selecting payment plus cashout, and withdrawing cash up to $99.99. Tap and go, instant $2 refund. Boom.

    • Pufff on 04/06/2024 - 15:04

      So you can do this 25 times each month?

      • ozoner on 05/06/2024 - 12:16

        Yep

    • cyan00FFFF on 04/06/2024 - 20:38

      Does that really work? From a quick Google, it seems you can only cash out over the eftpos network, not over Visa as required for cashback.
      And are you using a physical card, Apple Pay or Google Pay? I know Google Pay would force it to go over the Visa network but I'm not sure the transaction would be approved.

      • ozoner on 05/06/2024 - 12:17

        Yes it really works. With the actual card, tap and pay. The cashback is instant too, so you can confirm it works.

    • AkuroPlays on 03/12/2024 - 11:30

      Does that work? Do you need the actual physical card?? Or does Apple Pay work?

    • asc on 03/12/2024 - 12:12
      +2

      This might raise suspicions with the bank if one does it too often - with exact $100 purchase. I might try varying woolies cash out n purchase amount. Thanks the great idea!

  • epsilon on 04/06/2024 - 16:03

    They should increase this one. its been like 100 for many years. so easy to exceed the threshold now

    • CVonC on 04/06/2024 - 16:21

      Split payments

  • er2k on 04/06/2024 - 18:30

    Tried to apply, but online ID verification always return 'picture is blurry' while I already try to make it as clear as in reallife, maybe whoever developed the picture recognition app didn't realize some driver's license has reflective water marks on them? Then tried to skip online ID verification, immediately received a request to verify it at a branch. Decided to just pass it, too much hassle as if I can't live without it…

  • living4music on 04/06/2024 - 18:46
    +1

    Been using this for many years. For transactions of $100 or up, I just split it and always get cash back, even with $400-$500 payments I still split, it is just a bit annoying to the sales staff.

  • capslock janitor on 21/08/2024 - 21:04

    why cant we add additional cardholder to this everyday global account ?

    • Ruckmauler on 03/12/2024 - 11:11

      My wife prefers physical cards and I prefer apple pay - so we use the same account - she has the card and I have apple pay. It's been working a treat for years. Their system doesn't complain even when she might have bought something in Melbourne and me in Sydney within 20 minutes of each other…..

      • capslock janitor on 03/12/2024 - 12:17

        nice to know,, actually what i been doing with my sibling i load the card to their apple pay,, sure sometimes they contact me for the PIN.
        (their application was denied in-person due to "administrative reasons", and planning to re-apply again at a different HSBC branch later)

        just from a t&c standpoint i'd feel more secure under each cardholder,, additional must be more a credit thing i suppose

  • theebargainer on 06/09/2024 - 14:59

    god damn the app doesn't provide transaction notifications lol so annoying

  • asc on 03/12/2024 - 11:08

    Would Cashback apply instantly after the 2k deposit or it begins 1st following month?

    • timhn on 03/12/2024 - 11:10
      +1

      Instantly after each qualify purchase.

    • Frozensage on 03/12/2024 - 11:12
      +2

      u even get a notifiation after depositing the 2k saying u can now enjoy ….. if i recall

      anyway, it makes the surcharge on takeaway more palatable.

    • Ruckmauler on 03/12/2024 - 11:15
      +1

      There is a tracker in the Everyday Rewards section of the app. Once you reach 2000AUD you will start receiving cashback until the end of the next month.

  • bugsbunny on 03/12/2024 - 11:16

    This is UP bank for travel???

  • plague69 on 03/12/2024 - 12:02
    -2

    HSBC credit cards have the worst service. Their app is nothing compared to CommBank. Just a bad bank. I would stay clear.

    • timhn on 03/12/2024 - 13:49
      +1

      Agree on the app is not comparable with other banks - same with the Web Banking.

      But I'm using HSBC for the benefits - not for the pretty interface.

  • UltraDec on 03/12/2024 - 12:41

    Been using this for a few months and its pretty good as an alternative to credit card rewards. Two things to note:

    1. Don't forget to deposit the $2k or you get nothing and it becomes just a normal debit card
    2. It takes a few days to deposit money into the account which is a bit annoying but transferring money out of this account is instant (for me at least)
    • illusion99 on 03/12/2024 - 12:56

      Depositing money into the account is instant for me. It sounds like it’s an issue with the transferring bank not the receiver bank of HSBC

    • wangasm on 03/12/2024 - 13:05
      +1

      Depositing money can also be instant but it depends on the bank you are depositing from. For example, I know funds sent from Ubank to HSBC are instant.
      Refer to this NPP Index
      If a bank has "No" or "Receiving Only" under SCT, it means they likely won't be able to send instantly to HSBC because HSBC only operate with SCT.

      • UltraDec on 03/12/2024 - 13:59

        Ah yep that makes sense, I'm sending from St George so it receives instantly but takes a couple days to send in. Good to know, thanks for sharing!

      • CVonC on 03/12/2024 - 14:02

        ING (SCT "Yes") = instant
        ME Go (SCT "Yes") = not instant 🤷🏻‍♂️

        • wangasm on 03/12/2024 - 15:14

          I guess every bank also implements SCT differently lol

    • asc on 03/12/2024 - 13:09

      Instant deposit for me with osko.

    • timhn on 03/12/2024 - 13:47

      Instant in and out between Ubank/ANZ/NAB to/from HSBC.

  • baj on 03/12/2024 - 13:09

    Some businesses won't allow splitting the payment, for example, recenlty I visited Costco and asked them to split payment in to two given I had gone over $100, the cashier asked me which bank and said no to HSBC, saying they are not allowed to split payment. This was new to me given I had able to do it in the past visits.

    • illusion99 on 03/12/2024 - 13:16

      Did they say no to splitting in general or no to splitting using HSBC? Not sure why they would need to know which bank

      • baj on 03/12/2024 - 13:18

        They straightaway asked me for the bank, I assume we should be able to split the payment for larger transactions.

        • CVonC on 03/12/2024 - 13:39

          Can you split payment @ self checkout?

          • baj on 03/12/2024 - 13:46

            @CVonC: Costco don't have self checkout but I have split payment at other retailers including self checkouts at Woolies and Coles supermarkets

            • CVonC on 03/12/2024 - 14:08

              @baj: Depends on the Costco. Some of the bigger ones do.

              • baj on 03/12/2024 - 22:40

                @CVonC: Oh! Didn’t know that! I shop at Morrabin usually

  • xiuhan83 on 03/12/2024 - 13:12

    sorry not very clear on this. does the cashback works for overseas transaction . say i am in italy and i tap my card there.

    • illusion99 on 03/12/2024 - 13:16

      No it’s Australia only

  • terrywang on 03/12/2024 - 13:16

    It works for opal taps (metro / train / light rail at least). It won't work at Gov agency POS (e.g. Service NSW) though - true.

    The Everyday Global Debit is a surprisingly good package.

  • Woosta on 03/12/2024 - 13:17

    This card is terrible when you travel oversea. I lost 2 card to the HSBC atm and it almost ruined my trip. The customer support is the worse as they tell you different information and the local do not support card issued oversea.

  • Cluster on 03/12/2024 - 13:18

    I've been using this offer for years. HSBC informs me at the end of every year that I save around $300 by just doing the usual spending I would be doing anyway. Nice.

  • angry-redbird on 03/12/2024 - 13:21

    So far earning this year $406.17, lifetime earnings $1,468.73 in roughly over 3 years.

  • Ankit4632 on 03/12/2024 - 13:48

    This does not eat up the loan capacity like Credit Cards? Right?

    • timhn on 03/12/2024 - 13:52

      No, this is not a credit card, it's a transaction/debit account.

      You have to deposit money into it to use it.

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