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 Deposit at least AUD2,000 into your HSBC Everyday Global Account every month (can be withdrawn at any time).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

  • neonlight on 03/12/2024 - 14:43

    Can't use for Opal travel payments for cashback next to useless now

    • hit23head on 03/12/2024 - 14:47
      +1

      topping up opal card still counts , just did this morning

      • neonlight on 03/12/2024 - 15:40

        But what's the point of that when you can just use Woolies eGiftcard to top up at 4% discounted?

        • hit23head on 03/12/2024 - 19:47

          Wasn't aware of this .

          • neonlight on 03/12/2024 - 19:52
            -1

            @hit23head: The whole point of using this card before was persistent 2% Cashback when paying Opal in NSW tap on tap off without recharging Opal card. Now they just got rid of it transport not eligible. Becomes meaningless unless you pay for non groceries split into $99.99 dollars….

            Most grocery shops have gift cards which would be cheaper

  • hit23head on 03/12/2024 - 14:47

    can anyone advice whether this 2% cashback is considered by ATO as Savings interest ?

    • Traps on 03/12/2024 - 15:39

      It's not interest and it won't be prefilled in your tax return.

    • wangasm on 03/12/2024 - 15:39

      No it is not, but there may be tax implications if it is used for business purposes. Was answered here by an ATO rep
      https://community.ato.gov.au/s/question/a0J9s000000MmCS/p001…

      • netjock on 03/12/2024 - 16:39

        You actually have to read the other thread it points to then the tax law https://www.ato.gov.au/law/view/print?DocID=PSR%2FGA20044%2F…

        I think the confusion comes from people asking the question.

        If you use it for business purposes and you get a 2% rebate then the cost of doing business would go down 2%. You'd actually record it as rebate income which would flow to profits and taxed.

        If you are sole trader then your cost goes down. If you are a company then the company pays company tax and gets franking credits and you end up getting it as franking credit.

        For $600pa maximum benefit I'd like the ATO to send out field staff to visit you or review your paperwork to get $270 out of you LOL

      • hit23head on 03/12/2024 - 19:48

        Thanks! Only personal.

  • pandadude on 03/12/2024 - 15:18
    +1

    Hsbc doesn't do banking at post anymore.

  • jikijiki on 03/12/2024 - 16:01
    +1

    I wish they would just increase the max transaction $ from 100!

  • DEvok on 03/12/2024 - 18:53

    Wait did ING used to offer 5% cashback under $100 with no cash daily limit?

    • CVonC on 03/12/2024 - 19:12

      Yeah long time ago. Miss those days.

  • Hunter14 on 03/12/2024 - 19:04

    Damn. If there was a credit card version of this, I would be all over it.

    Can't bring myself to use a debit card.

    • amsaini15 on 03/12/2024 - 19:47

      No difference. Just paying it before rather than later. You setup on google pay and pay like Credit card.

      • neonlight on 03/12/2024 - 19:54
        +2

        No the difference is you lose out on cash flow. Credit card you just pay before due date no interest. This debit card takes your money right away no question asked

        • Hunter14 on 03/12/2024 - 20:09
          +1

          There's also the security of the bank being more willing to help you if their money got scammed versus your own. Plus the other benefits like insurance.

        • spaceflight on 03/12/2024 - 23:54

          No the difference is you lose out on cash flow. Credit card you just pay before due date no interest. This debit card takes your money right away no question asked

          Yes, the poison you replied to said the same thing.

          Just paying it before rather than later.

          And by paying before rather than later you get 2% cashback

    • timhn on 04/12/2024 - 11:37

      Can't bring myself to use a debit card.

      Why?

      With high cost living raising and more restaurants/shops adding 1-1.5% CC surcharges, this HSBC has make more bearable with daily spending.

      I'm only switch to CC when have to pay more than $100.

      • Hunter14 on 04/12/2024 - 18:15

        That's actually a really good point about CC surcharges! I've never even considered that before.

        I use a credit card like a debit card for all the obvious benefits. Only spend what I need. Pay it off in full every month and save on the interest.

        I just don't like the idea of money being taken out my account instantly without a chance to appeal or find out it was a scam.

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