HSBC offering S$50 cashback on recurring payments, including charitable donations

HSBC has a new offer for those who register in October 2021 and set up recurring payments between November 2021 and January 2022, allowing cardholders to earn up to 4 mpd and up to S$50 cashback when they charge to their credit card.

This deal is a nice way to stack some cashback (and even miles too in some cases) on spend that typically wouldn’t be eligible, including insurance, utilities and charitable donations.

Take the dread out of your bill payments experience now, by getting up to S$50 rebate when you charge your monthly recurring payments to your HSBC Credit Card from 1 October 2021 to 31 January 2022.

HSBC

The offer

If you’re an HSBC cardholder you will first need to register by completing this form. Be sure to enter OCT RECUR in the Gift Code field.

You’ll have to register by 31st October 2021.

Once you’ve successfully registered, you can earn up to S$50 cashback to your card account when making recurring payments at eligible merchants with your HSBC card from 1st November 2021 to 31st January 2022.

The deal is limited to the first 2,000 qualified customers.

Which merchants?

Your recurring payments must be made within the following merchant categories to qualify:

Category	Merchants	Miles Earning?
Insurance	MCC 6300 MCC 6381 MCC 6399 (e.g. AIA, Direct Asia, Etiqa, Great Eastern, Prudential)
Telco	Singtel, M1, StarHub, Circles Life, GOMO, giga, MyRepublic, TPG Telecom
Charities	Singapore Children’s Society, Singapore Cancer Society, Children’s Cancer Foundation, Club Rainbow, Hospice Care Association, Community Chest, The Straits Times School Pocket Money Fund, National Kidney Foundation (NKF), Singapore Heart Foundation, TOUCH Community Services, World Wildlife Fund (WWF)
Entertainment	SPH, Netflix, Spotify, Disney+, Financial Times, The Economist, Bloomberg, New York Times, Singtel CAST, Amazon Prime, Hotstar, Starhub TV+
Health	F45, Classpass, Anytime Fitness, Evolve MMA, Fitness First, Platinum Yoga, Pure Fitness, True Fitness, True Yoga, UFIT Clinic, Virgin Active, Revel Cycle, Groundzero, Athlete Lab, Aquaspin, Barry’s, Boom Singapore, Ritual, Hom Yoga, GYMMBOXX
Enrichment	MCC 8299 (e.g. Agrader Learning Centre, Aureus Academy, EduFirst Learning Centre, Mindchamps, Mulberry Learning)
Utilities	Parking.SG, Best Electricity Supply, Diamond Electric, iSwitch, Keppel Electric, SP services, Sunseap Energy, All Town Councils, HDB Season Parking
Clubs	Raffles Town Club, Singapore Island Country Club, Keppel Club Singapore, Republic of Singapore Yacht Club, Singapore Cricket Club, Seletar Country Club
Rides	Comfort Delgro, Gojek
Food Subscription	Hook Coffee, Perk Coffee, Cowpresso Coffee Roasters, Lean Bento, Grain, YOLO, Box Green
Food Delivery	Foodpanda, Deliveroo
Subscriptions	Apple.com, LinkedIn, Zoom, Adobe

We’ve also identified the categories that will earn miles in addition to cashback during this promotion – something to consider if you are diverting spend away from miles-earning cards in these categories.

For the HSBC Revolution card, you’ll be netting 4 mpd in addition to the cashback element for those ‘green tick’ categories, provided the spend falls without your S$1,000 calendar month bonus cap.

Do the maths if you’re diverting spend away from cards that earn 4 mpd where HSBC ones don’t earn miles at all. The cashback might outweigh the difference, and it might not.

The rules

You’ll have to charge a minimum of three transactions across a period of three consecutive months from 1st November 2021 to 31st January 2022 to be eligible (i.e. one transaction in November 2021, one in December 2021, and one in January 2022 at the same merchant).

Eligible transactions must be at least S$10 each, and should not be cancelled or refunded by the time of cashback fulfilment.

Importantly, you must not have a previous recurring transaction with the same eligible merchant across any of your HSBC credit cards from 1st August 2021 to 30th September 2021.

Unhelpfully, HSBC does not define what exactly a previous “recurring transaction” is, so play it safe and assume it means any transaction.

For example if you made a S$12 Deliveroo order in September using your HSBC card (first time payment), three subsequent Deliveroo transactions in November, December and January probably won’t count towards this promotion.

Spend across different merchants is what triggers the additional cashback bonus, but these merchants can be in the same category.

What about supplementary cards?

If you have supplementary cardholders on your account they won’t be able to register for this promotion themselves (primary cardholders only), however their spend will be combined with the main cardholder’s account for this promotion.

What about multiple cards?

If you have more than one HSBC credit card, you’ll need to register each one you intend to use in the promotion.

You will need to charge the qualifying spends for each merchant to a single credit card. For example, you can charge 3 recurring transactions from merchant A to card A, and charge 3 recurring transactions from merchant B to Card B.

If both recurring payments satisfy all requirements, you will receive S$30 Rebate – S$15 for each qualifying eligible merchant.

You’ll only be eligible to receive a maximum of S$50 cash rebate under this Promotion, regardless of the number of e‑form registrations or HSBC Credit Cards held.

When is the cashback credited?

The cashback will be credited to your registered card account by 31st March 2022.

Terms and conditions

HSBC’s full terms and conditions, plus a series of FAQs relating to this promotion, are available here.

For a decent variety of recurring payment types, most of our readers should be able to maximise this offer even within only one or two categories or merchants.

In the case of insurance and charitable donations, there’s almost always no downside for shifting from other cards, since these categories are largely excluded from miles earning across the board.

Earning S$15, S$30 or S$50 is definitely better than nothing, if you can successfully trigger the offer.

Make sure you’re using the excellent 4 mpd HSBC Revolution card if you’re spending in a miles earning category. If you haven’t picked one up yet there’s a great S$330 cashback deal on offer for applications made by 13th October 2021, with a minimum spend of S$500 in the first full calendar month.

(Cover Photo: HSBC)