This was posted 2 years 1 month 27 days ago, and might be an out-dated deal.

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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
MagicMushroom on 27/02/2022 - 15:32 hsbc.com.au (2482 clicks)
Last edited 27/02/2022 - 16:19

Welcome to OzReminder. Last posted 2 years ago, you can get 2% cashback instantly with this debit card. Other instant cashback cards include crypto.com card, Kogan credit card and Revolt metal card but these are not cashback in AUD.

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 Deposit at least AUD2,000 into your HSBC Everyday Global Account every month (can be withdrawn at any time).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. Can Tap & pay with Apple Pay/Google Pay

Dont forget $100 Bonus with $2000/Month Deposit for 3 Months (within 6 Months) for New Everyday Global Account @ HSBC

Fees and charges for the Everyday Global Account, Thanks to oziebee

Account Service Fee Fee
Monthly service fee $0

Transaction fees

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

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
Financial Bank Account Cashback Debit Card Transaction Account VISA

Related Stores

HSBC
HSBC
Visa
Visa

closed Comments

  • bdl on 27/02/2022 - 15:37
    +10

    *OzReminder

  • Clarky77 on 27/02/2022 - 15:42
    +22

    The debit card every OzBargainer should have for all their $99 and under tap & pays.
    I've earned almost $600 since I joined (including the $100 initial bonus credit) it adds up

    • rottenpotato123 on 27/02/2022 - 15:47
      +2

      How much you spend to earn $600 🤔.

      • Doy on 27/02/2022 - 15:49
        +5

        $25K (500 x 50)

      • Clarky77 on 27/02/2022 - 15:50
        +4

        Haha, I've been with them for a fewyears and now break up anything I have to pay with a card into payments under $100 to take full advantage
        But at 2% of $500 ($600 less the initial $100) I've spent $25k! Wow I really didn't think I would've spent that much tbh
        It actually shows you in the HSBC app your yearly total so far with each months total and how much you still need to deposit this month to unlock it again for next month. I didn't have a running total in my head ;D

        • DexterFox on 27/02/2022 - 16:20

          Where did it show you this? I've never been able to find it (just checked now and still can't find it!)

          • Bytelover on 27/02/2022 - 16:23
            +1

            @DexterFox: Every day extras, Swipe down on your transaction list if the option doesn't show

          • Clarky77 on 27/02/2022 - 16:23
            +1

            @DexterFox: Press on your everyday global account window (the one with the balance next to it) and once you go into the window showing all your transactions scroll it down & above it it'll have 3 options Manage, Add to Google pay & Everyday Extras.
            Tip sometimes it goes blank on the first try (same issue on multiple devices) so leave it for 30 seconds go back and 2nd try always works. (Technology Hey ;D)

        • spaceflight on 27/02/2022 - 17:00

          break up anything I have to pay with a card into payments under $100 to take full advantage

          Some Coles and Woolworths need approval at the self serve checkout to split your payment and pay with a credit card.

          Having to get someone to approve/unlock the option is annoying.

          It is also against the T&C's of the promotion

          What transactions do cashbacks apply to?
          These only apply to whole transactions under $100 where you tap to pay with Visa payWave, Apple Pay and Google Pay™, and the merchant or its financial
          institution/payment processor is registered in Australia. As they only apply to whole transactions, you can’t make part payments for the one transaction.

          • Tommyaka on 27/02/2022 - 18:52
            -1

            @spaceflight: How would they know if it's a part payment or not? Sure they could ask for proof of purchase but that sounds like a pain in the ass for HSBC to do.

          • tulip99 on 28/02/2022 - 09:25

            @spaceflight: I used to split it all the time at Coles and Woolies self serve without a problem but now I only do it at Coles as I get a 4% discounted Woolies gift card from Macquarie Bank.

            • Techefy on 25/06/2022 - 11:19

              @tulip99: Hi @tulip99 Does that mean I can split a bill at coles into parts less than 100 and pay all the parts using HSBC card and still get the cashback for all the part payments? Or can I only pay one part with the HSBC card and get the cashback for that part? thank you?

              • tulip99 on 30/06/2022 - 09:55

                @Techefy: YES, Split it into parts less than 100 and get cashback on all of it! that's what I do. I do it at the self serve.

                Sorry, I haven't logged in for a few days.

      • iori57 on 27/02/2022 - 15:51
        +3

        agree, 2% cashback is insane as most credit cards gives less than 1% worth of points for spending. The best for me is still coles rewards at 1% but even that is flybuys points. This is cash.

        • Nalar on 27/02/2022 - 16:04
          +1

          Plus u can save 3%/4% using gift cards.

          For everything else this is the go.

    • tharlow on 27/02/2022 - 15:56
      -3

      I've earned almost $600 since I joined

      I’m sorry to hear that… you’d think a bank would pay better than, say, Maccas. I blame ScoMo

      • So Was Red on 27/02/2022 - 17:00
        +1

        Maccas
        the gig economy

        • tharlow on 27/02/2022 - 17:05
          +1

          Yes indeed… perhaps too much economy

  • ruskiromka on 27/02/2022 - 15:47
    +1

    A must-have for any true OzBargainer.

  • bird380 on 27/02/2022 - 15:47
    +6

    Make sure it’s $99.99999999. Not $100

    • iori57 on 27/02/2022 - 15:53
      +7

      ya if it is $160, ask to split the bill so that they are different amount (e.g. $70 and $90) and not 2 x $80 as sometimes it doesn't allow same amount in a short period of time and will block the second transaction

      • Clarky77 on 27/02/2022 - 15:59

        I regularly run 2or 3 of the same amount eg $70 $80 or $90 and I've never had any issues but it's probably smarter to split them randomly to reduce the chances someone at the bank will flag it. If you want to pay a big amount this way though you'll need to visit a different stores and beyond 2-3 splits most places won't let you do it because they're worried you are using a stolen card. I pay rent at Australia Post and do 3 transactions at the one near home and another 3 at the one near work. They kinda know me now and it's ok but the manager told me if they do more they'll get flagged by head office and could lose their Tap & Pay ability??? Not sure if that's true but it seemed feasible to me.

        • bidam1 on 27/02/2022 - 16:03
          +7

          lol manager has defs lied to you lol

          • spaceflight on 27/02/2022 - 17:51
            +2

            @bidam1: No they didn't.
            Splitting transactions into smaller ones / multiple cards are both flags for fraudulent activity which can impact merchant agreements for credit card processing.

        • paultiffen on 27/02/2022 - 17:24
          +1

          I got flagged for using too many westfield eftpos and normal eftpos prepaid cards at the post office…

          So they do monitor

          • salmon123 on 07/03/2022 - 17:52
            +1

            @paultiffen:

            I got flagged for using too many westfield eftpos and normal eftpos prepaid cards at the post office…

            What does that mean? Just going to a different post office? I never figured out why they care … money is money.

            • USER DC on 08/03/2022 - 09:31
              +1

              @salmon123: Exactly i dont understand what they have a problem with ?

              Savings account is Saving account, whether be from a Debit Card or a Prepaid Eftpos Card. It shouldn't be a problem since both are Savings account.

              They just want to make our lives difficult.

              • Nom on 16/03/2022 - 16:22

                @USER DC:

                Exactly i dont understand what they have a problem with ?

                Prepaid and Westfield cards don't have any ID attached to them - the Post Office doesn't want to get caught turning a blind-eye to money laundering. This is the same reason that large cash transactions are also flagged and monitored.

        • Mr Joker on 16/03/2022 - 15:40

          Hey long term lurker here.
          Planning to rent soon.
          How do you pay rent at the post office?

          • Clarky77 on 16/03/2022 - 15:55
            +2

            @Mr Joker: I have a card I was given when I first moved in about 15 years ago, I'm not even sure if they still offer it to new tenants tbh.
            The company I rent from is is pretty big and they manage a few hundred properties in Melbourne and I think the post office offers/offered it to them essentially it's just a code that identifies me and the property and then deposits funds into their account. If I pay with electronic banking it goes to the same account.
            I think the post office charges fees so most landlords probably don't want to pay it or charge a fee to the tenant to pay that way. I never used it until I found out I could use my HSBC card to get a 2% rebate ;D

      • bird380 on 27/02/2022 - 15:59
        +1

        Initially when I first use it I thought $100 also count:(

        • Clarky77 on 27/02/2022 - 16:35

          Yeah I made that mistake the first time I tried to pay a $200 payment and split it into 2x $100. I thought "$100 and under" not "under $100" I even tried to argue my point with customer service as being able to use tap and pay was limited to $100 at the time so my argument was why would you make the terms $99.99 when tap and pay is $100 I thought your limit was based on the technology lol you can imagine how far I got but anyway I learned my lesson lol

    • No ONE on 27/02/2022 - 17:44
      +2

      Make sure it’s $99.99999999

      Wrong. Make sure it is maximum $99.9939999
      $99.999999 gets rounded to 2 decimal places that will make it $100.

      • SoapyWooder on 27/02/2022 - 18:27

        No, it's 99.994 max

        • baskinghobo on 27/02/2022 - 18:56

          Or just make it $99?

    • Its4me on 27/02/2022 - 21:32
      +2

      $99.75 gives $2 cashback same as $99.99 as it rounds up.

      If making multiple payments, split accordingly.

  • c64 on 27/02/2022 - 15:51

    t&cs https://www.hsbc.com.au/content/dam/hsbc/au/docs/accounts/tr…
    page 11 "cashback offer"

    lists some exclusions as well

  • DuckKnight on 27/02/2022 - 15:57
    +3

    You don't need to deposit $2000 every month anymore. I stopped depositing that amount a few months ago and still earn cashback.

    • Clarky77 on 27/02/2022 - 16:02

      I had it stop working for me last May because I was about $10 short in April and didn't realise until late in the month. They still show the deposit requirement amount and highlight the pie chart when you have deposited enough. When do you think it changed?

      • DuckKnight on 27/02/2022 - 16:10
        -1

        Sometime late last year I believe. From October to December 2021 I didn't deposit $2K and was surprised I was still getting the 2% cashback. Had a look on their conditions and didn't see it mentioned anymore.

        • Clarky77 on 27/02/2022 - 16:15
          +4

          I just read the terms in the everyday rewards part of the app "frequently asked questions" and it's still showing $2k per month to unlock everyday rewards but it also says to unlock 1.2% cashback on all tap & pay transactions under $100???
          They might be about to reduce it but it's still paying 2% atm though.

          That will suck hairy balls if they do reduce it

          • gosund on 27/02/2022 - 18:13
            +1

            @Clarky77: Lol, nope. It's still 2%.

            At a glance I got confused too, but the "1." simply means "first one".

            I'm not sure about the removal of the $2000 requirement though. Anyone else can second this?

            • Clarky77 on 27/02/2022 - 18:40

              @gosund: Haha! You are right, that'll teach me to speed read. It's pretty clear as well ;D
              Cheers mate, my 2% is safe

        • alamodey on 17/03/2022 - 22:49

          On the app if you go to Everyday Extras section it still mentions that you need to deposit $2,000 each month to get 2% cashback.

          • DuckKnight on 24/03/2022 - 21:23

            @alamodey: Looks like I was lucky last year. Ended up missing this month's cashback so the deposit is still required. I rarely use this card and don't spend much so I tried experimenting but I'll go back to depositing $2k now.

  • rick5042 on 27/02/2022 - 15:59
    +2

    What does the bank get from this? They charge less than 2% for merchant fees.

    • bird380 on 27/02/2022 - 16:00
      +1

      Some people may also use it for online transactions, purchases over $100

      • jasonb on 27/02/2022 - 23:36
        +1

        My wife frequently because she struggles with the rules of what card to use when.

    • Clarky77 on 27/02/2022 - 16:03
      +2

      Yeah I doubt they lose very much as it's capped at $50 per month and it's probably worth it for the customer data and sales opportunities which would cost them more than that to purchase as a lead.
      Basically DATA they cover the costs with your data.

      • Tommyaka on 27/02/2022 - 18:54
        +1

        100%. If you're getting something for free then YOU are the product.

      • pandadude on 05/04/2022 - 11:10

        This is no difference to using any other card payment method.

    • vengeance88 on 27/02/2022 - 16:41
      +1

      They don't pay any interest on any balance, so if you park money in there like it's a savings account they get to keep it interest free.

    • DaiShan on 27/02/2022 - 17:59

      It's less costly than giving you interest on your savings account and they get to lend out your savings to borrowers at higher rates of interest. Overall it's a good policy to grow their savings book (and thereby their profitable loan book).

  • Junnyjun on 27/02/2022 - 16:05

    Does it have to be within the first 6 months? I opened an account like a year ago and never really used it

    • Clarky77 on 27/02/2022 - 16:17

      Yeah I think to get the initial $100 you had to deposit $2k each month for 3 months I think? I can't remember if you had to do 3 in a row or just 3out of the first 6 months. But for the 2% cashback you just have deposit $2 and it'll activate it for the rest of this month and all of next month.

      • OMGJL on 27/02/2022 - 16:36
        +1

        have to be:
        within 6 month,
        3 month in a row,
        $2000 each month,

        in order to get $100 cashback.

  • sfac on 27/02/2022 - 16:12
    +3

    Has HSBC upgraded their 1990s system yet?

    By reading the app reviews, it looks like NOPE.

    • Clarky77 on 27/02/2022 - 16:19

      It's pretty basic, no PayID, no cardless cash ect but it does all the basic stuff (internet banking, BPay, attached debit card) lol

    • OMGJL on 27/02/2022 - 16:42

      HSBC is more suitable(for me) as a spending account, than a primary account.

      I will use Cardless Cash/PayID and all the other fancy feature with my primary account where salary are paid to,

      and use HSBC as spending account, since some time last year they made Osko Pay available (instant transfer), and is Google Pay compatible, perfectly good as a grocery shopping card.

      when I do my grocery shopping, I usually buy a $100 Coles/Woolies GC via AAMI for 3% off, and pay the balance with HSBC.

      • akafinal on 28/02/2022 - 06:43

        so 2% cash back on top of 3% off from the GC? I'm buying Grocery GC from Macquarie and wondering how you did this. Mind sharing?

        • Clarky77 on 28/02/2022 - 09:45

          No it doesn't work that way, I think he was just giving an example of why he doesn't use his HSBC card at the supermarket (because he can get higher than 2% discount on gift cards) You only get 2% for tap & pay not for online purchases.
          "He pays the balance with HSBC card"
          meaning anything he spends over his gift card balance.

        • OMGJL on 28/02/2022 - 09:50
          +1

          no they don't stack. My grocery shopping usually end up around ~$130, and I don't like to keep track of GC balance, so what I do is pay $100 worth of GC, and I get $3 off for this part, and pay the balance (which is around $30 or so) with HSBC, and get 2% cashback for this part (around 30*0.02= $0.6)

          This way I don't have to keep track of how much was left on a half-used GC, and still get some discount for the entire amount of the order.

  • Webber000 on 27/02/2022 - 16:18
    +15

    An important point. You only get the 2% if you tap and pay with VISA pay wave.
    The card is set by default to use VISA pay wave, but Coles Group (including coles, Kmart, Coles Express Petrol etc) override the card default and use EFTPOS as its cheaper for them - and there's nothing you can do. The only way to get 2% at coles group is to use Google Pay (etc) as coles can't override that to EFTPOS.

    • Clarky77 on 27/02/2022 - 16:29

      So EFTPOS transactions can be processed without a pin number now? I honestly had no idea, I pretty much always use Google Pay but on occasions I don't esp if I need cash out and plan to do it straight after the tap & pay transactions. Sneaky!

      • WookieMonster on 27/02/2022 - 21:11

        So EFTPOS transactions can be processed without a pin number now?

        Yep.

        • If you have a dual-network debit card issued by a number of financial institutions and add it to Google Pay, you can choose between EFTPOS and Visa/Mastercard before you tap your device against the EFTPOS terminal.

        • Alternatively, if you have a dual-network debit Visa card and tap the physical card at an EFTPOS machine of a Coles Group store, it should default to EFTPOS savings/cheque, as Coles Group has implemented Least Cost Routing (LCR) for dual-network debit Visa cards. AFAIK, LCR has not been implemented for dual-network debit Mastercard cards at Coles Group for some reason…

        The Reserve Bank of Australia is keen on merchants to adopt LCR, as it is cheaper for both merchants and cardholders for payments to go through the EFTPOS network. However, merchants need to opt into LCR, and Coles Group is one of the early adopters.

        • Clarky77 on 28/02/2022 - 09:32
          +1

          I guess the thing is its generally a good thing, Visa/MasterCard make an absolute fortune at a % of turnover way higher than most comparable businesses and in the end that equals higher prices for everyone but in this particular case (2% cashback it sucks)
          I think we would all prefer process to be less in the first place rather than having built in margins to cover expected costs for payment processing.
          Thanks for the info btw, I just assumed if it used the chip it was processed as a credit transaction.

    • strike1 on 27/02/2022 - 16:36
      +3

      Thanks!
      Maybe applies to Apple Pay as well. Just got cashback yesterday for a payment at Coles through Apple Pay.

    • hiya on 27/02/2022 - 16:44
      +4

      I don't know about this - but whenever i'm paying with this HSBC tap&pay in Coles, i still get cashback.

    • netbies on 27/02/2022 - 16:53
      +5

      I am still getting the 2% cashback from Coles by tap and pay with the physical card.

    • haemolysis on 27/02/2022 - 16:57

      Iiiinteresting!! I was wondering why because I had Coles work in the past, but not last week. I complained to online chat and they agreed that it looked like I had earned the reward… but that they would escalate it to the rewards team or something and “we’ll get back to you by secure mail.” I quite expect them to either never do so and never get back to me, but now at least I know it’s not eligible lol.

      • USER DC on 08/03/2022 - 09:42

        Yea they wont really do anything about it dude

        • haemolysis on 08/03/2022 - 19:27

          Haha yep! They actually told me they would. But in my experience, they never follow up enquires by chat or mail. Just goes nowhere. Sure enough, was promised a response, and got none.

          I can’t be bothered fighting it now that I know the reason. But just sharing my experience. Their customer service will NOT follow up enquires.

          The secure mail just rots! And sometimes, my favourite, is when they reply saying “we can’t discuss this over secure mail because it is not a secure communication medium.”

    • spaceflight on 27/02/2022 - 17:02
      +2

      You only get the 2% if you tap and pay with VISA pay wave.

      The T&Cs do not indicate that the transaction needs to be processed as a Credit transaction.

      These only apply to whole transactions under $100 where you tap to pay with Visa payWave

      Visa payWave is how the card and EFTPOS terminal communicate. After that merchant choice routing may direct the transaction as a Debit transaction instead of Credit transaction however you have all used Visa payWave to initiate the transaction.

      The card is set by default to use VISA pay wave

      There is no default on the card. It's up to the EFTPOS terminal how the card is processed.

      • Webber000 on 27/02/2022 - 20:08

        There is no default on the card.
        If I'm wrong then I'm wrong, but thats not how it was explained to me. I was told that the banks do set a default for the cards tap and pay option.

        You're wrong that the T&C's don't say it has to be Visa payWave - it is on pages 11 and 12, and also on the website homepage (condition 3).

        Its interesting that some people are confirming above that they don't get it in coles either, while others say they do. I know I have accidentally used it in several coles, coles express and kmart and never got it (I try to remember to use Google Pay but sometimes you don't even remember kmart is part of coles).
        I know the T&C's state you don't get it on government or transport and I once topped up my Opal card in the city at a machine and did get it, but then found I didn't the next time - so maybe that links in with some coles stores giving it and others not (PS You can topup an opal card at woolworths and get your 2%)

    • Vulgar on 27/02/2022 - 17:06

      Thanks for letting us know. it doesn't really matter for me since I only use Gift cards at Coles and Kmart. These gift cards come at a 4 - 5% discount on certain sites such as CBASSCC.

    • tulip99 on 28/02/2022 - 09:30
      +1

      I've always done tap and pay at Coles with this debit card and I always get the 2% cashback but I use the self serve. This is Tasmania.

    • Bdawg on 25/03/2022 - 11:52

      I just checked and my last transaction at coles was eligible for 2% back. Tas too.

  • Stevemao on 27/02/2022 - 16:41

    Do people renew their account every 6 month for $100 bonus?

    • hashtagbargain on 27/02/2022 - 16:45

      What do you mean by renew your account?

      • Stevemao on 27/02/2022 - 16:46
        +1

        Close their old New Everyday Global Account after the initial bonus and create a new one for the bonus again. Perhaps this is not allowed.

        • Clarky77 on 28/02/2022 - 17:57
          +1

          No it doesn't work, a few years ago when I joined people were trying different ways and even back then they weren't working. Pretty hard to pretend you are a new person when you need to meet banking ID requirements.

    • JIMB0 on 27/02/2022 - 20:44

      Probably wouldn't work.

    • me1stt on 28/02/2022 - 17:00

      https://www.hsbc.com.au/content/dam/hsbc/au/docs/accounts/ev…

      You will only qualify for this Cash Bonus if you are a new customer of HSBC Australia, which means you did not have any accounts with HSBC Australia at any time in the 6 months prior to the day of opening your HSBC Everyday Global Account. This exclusion does not apply to existing HSBC Credit Card only customers.

  • Dan888 on 27/02/2022 - 16:41

    any other bank does this?

    • Caped Baldy on 27/02/2022 - 16:57
      -1

      name them

      • jaypeee on 27/02/2022 - 21:49
        +1

        They want us to name them

        • Caped Baldy on 27/02/2022 - 22:32

          Urghh. Thanks, I must have misread it. It's not hard to google it, right?

  • Wildesy on 27/02/2022 - 16:44

    How does the Crypto.com card compare to this? I can't really make heads or tails of the crypto one, hoping someone else might've already compared the two.

    • tharlow on 27/02/2022 - 17:09
      +15

      In HSBC, your first $250k is backed by ScoMo. In Crypto.com, your money is backed by a cutting-edge, revolutionary pyramid scheme

    • Devil on 27/02/2022 - 17:50
      +6

      The Crypto.com card is good, if you're willing to buy and stake CRO coins. If not, the base non-committed card only gives you 1%.

      If you're willing to buy and stake CRO (Crypto.com) coins, then you'll get more benefits including higher cashback and other rewards like free Netflix, Spotify etc (depending on your tier). It's also not limited to $100 tap transactions or $50 p/m like the HSBC card. You can buy things online. make online payments and still get the cashback.

      Note, with Crypto card though, the cashback is actually in CRO coins into your fiat wallet, not actual cash (you can always sell the coins of course) or invest and hope it goes up.

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