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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 (5977 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 Deposit at least AUD2,000 into your HSBC Everyday Global Account every month (can be withdrawn at any time).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

    • 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.

  • 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.

    • nategasm 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.

          • haemolysis on 03/06/2025 - 15:51

            @Hunter14: I've certainly heard this idea that credit is "their money" but I think it's really just a marketing plot for credit. It doesn't matter if it is "your money" or "theirs." Either way the bank is liable for fraud against them, and, you are liable for fraud against you.

            Maybe it's true in America, but over here a chargeback is certainly not difficult to arrange - even on debit.

        • 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.

        • nategasm on 04/12/2024 - 20:57

          It's not zero chance, I've dealt with debit card chargebacks before and it has always resulted in a good outcome (Haven't dealt with HSBC's specifically). Sure it's not 5 star service like Amex and some credit cards but it's there. Also you should not be keeping significant amounts of money in accounts like these, just transfer as you need them.

          • Hunter14 on 05/12/2024 - 13:09

            @nategasm: Sorry, I meant zero chance of nipping it in bud when you see a dodgy transaction. At least with credit card, you can call your bank when it's still 'pending', whereas you will be out of pocket right away with a debit card.

            • nategasm on 05/12/2024 - 13:32

              @Hunter14: Yup that is true. Though with debit if you limit the amount of funds available in your account or don't have any, it will prevent/limit dodgy transactions entirely, which you cannot do with credit.

      • mnko on 03/06/2025 - 10:35

        For this HSBC offer to work it has to go through Visa Paywave so you pay the credit card surcharge anyway.

        • cyan00FFFF on 03/06/2025 - 11:09
          +1

          True, although some places do differentiate between Visa debit and credit.

        • surfingedge on 03/06/2025 - 12:18
          +1

          So what, unless the surcharge is more than 2% using this card is still better than cash. If the surcharge is 1% this beats most credit cards unless you have an inflated valuation of points

          • timhn on 03/06/2025 - 14:05

            @surfingedge:

            using this card is still better than cash

            This ++

            And I haven't seen CC surcharge near 2%. Most around 1-1.5%.

  • cpox10 on 03/06/2025 - 10:51
    -1

    I wonder if the benefits of this card get slightly diminished somewhat if you were to leave your dollars compared in a higher paying interest account instead. Understanding this is more of an everyday transactional card where u don't leave excess funds, but I struggle to see the true value of this account

    • samfisher5986 on 03/06/2025 - 11:00
      +1

      Its literally free money for doing nothing up to $50 per month.

      The interest you would earn on $500 sitting in your account would be $2 per month and most high interest accounts don't let you use it as transaction accounts, do you know of any?

      • ezzaf on 03/06/2025 - 14:54

        Its literally free money

        Well actually….

        The interest you would earn on $500 sitting in your account would be $2 per month

        So it costs you (say) $2 a month, which is not free. And that cost does "slightly diminish" the benefits.

        Assuming you can transact $1000 a month through this card though, you'll make $20 back in tap and go benefits. So you're still $18 ahead in that example, and that right there is the benefit @cpox10.

        • samfisher5986 on 03/06/2025 - 15:22

          Ok then show me a high interest bank account that you can transact directly using a bank card with?

          Without that your maths don't make any sense, banks don't normally do transaction accounts and interest accounts as one.

    • surfingedge on 03/06/2025 - 12:12

      Just move the money into HSBC on the day you want to spend it

    • timhn on 03/06/2025 - 14:12

      Just workout approx how much you would spend on purchases under $100 a week then transfer into HSBC according every week.

      Eg, during the week I normally buying odd coffees, lunches, petrol etc l, so just have about $50-70 there. Then, for weekend groceries, I would then top-up with about $200-250 to use.

      Never left more than $300 sitting there more than 2 days.

    • Webber000 on 03/06/2025 - 18:25

      They have 2 "reasonable" savings accounts (1 no requirements, other gets more interest but you have to increase balance by $300pm). Keep some balance in there and just transfer in $100 to the everyday account or whatever when needed. No need to hold funds. Even better - transfers count towards the $2000!

  • 51OL on 03/06/2025 - 11:05

    sorry if this has been answered, but if I add this to my samsung pay and tap, would it register as a tap payment? TIA

    • zeppy on 03/06/2025 - 11:12
      +1

      Yes it does.

    • spaceflight on 03/06/2025 - 11:20
      +1

      You might not be able to use Samsung pay

         Tap & pay with Apple Pay/Google Pay
    • Schrodinger on 03/06/2025 - 21:48

      The only reason I don't use this is because it doesn't work with samsung pay (at least the card I have).

  • Boomer85 on 03/06/2025 - 13:01

    The premier status feels pointless now, especiallyon their Cc. Anyone comment on this?

    • surfingedge on 03/06/2025 - 14:14

      In Australia Premier seems to not be very useful, but if you want to use their products in other countries there may be some benefit

    • Twilight1234 on 03/06/2025 - 16:24

      in other countries the perks are way better like a waiting lounge and a teller comes to YOU and offer tea and coffee etc.

  • limetree1 on 03/06/2025 - 17:21

    this 2% cashback can just cover our card surcharge fee.
    I'm not sure if collecting points is a better option? points can be used for flights in the future.

    • THICKnSLOW on 04/06/2025 - 07:58

      I noted hsbc have devalued their points redemption rates, used to be 5000pts for $25, now it is 6000pts for $25.

    • samfisher5986 on 04/06/2025 - 08:20

      Do the maths, you will never get 2% on a credit card.

      Also, why would you trade money for airline points that are restricted?

  • Mypdaygone on 03/06/2025 - 19:48
    +1

    Opened this open up at least a year or more ago. Have managed to benefit over $600 from this over time. It adds up and yes surcharges can chew thru the benefit….but how often will you have the cash on hand vs lazy tap and go options. But if i still get a surcharge better to have it covered via this card than be out of pocket on the other account over time

  • katotefu on 04/06/2025 - 00:34

    Could you buy discounted gift cards with this? E.g Woolies 4% discounted gift cards and get the further 2% back with this?

    • timhn on 04/06/2025 - 05:35

      Yes, you can also check which transactions are supported right at the description.

      Note, you must pay by physical tap so not sure where can you get 4% off.

  • 51OL on 04/06/2025 - 21:24

    For those opening new accounts, the new bsb isnt being recognised by other banks so I havent been able to transfer any funds in.

    Hsbc Chat told me that I have to be the one to inform my banks to update their systems. Dafuq? Seems like an awefully simple task for HSBC to update all the other major banks.

    • Stingo on 08/07/2025 - 00:10

      For those opening new accounts, the new bsb isnt being recognised by other banks so I havent been able to transfer any funds in.

      New branch or an overflow? You can lookup official information on BSBs at https://auspaynet.com.au/bsbquery It's true some banks do take a while to update their files.

  • Stingo on 07/07/2025 - 23:53

    Finally got onto this. Took a while for reasons. According to the above you need to use a supported mobile wallet to ensure that your transaction won't be LCRed to EFTPOS to receive the cashback but this wasn't the case when I tested last night. My test transaction was LCRed to EFTPOS as I was half expecting and I did receive a cashback immediately. When did this change?

    • Webber000 on 08/07/2025 - 20:14
      +1

      Apx March 2024 I believe. Can't say for sure, but around that time I noticed starting to get it on Lowest Cost Routed transactions like you say.
      (Until that time it was confusing because lots of people went to KMart etc and were getting the cashback, where I wasn't, and my suspicion was that some stores were not using LCR as their IT departments hadn't updated their tills etc - but it was very hit and miss and you couldn't trust it). For a bit over a year I have consistently got it on everything.
      FYI HSBC have not changed the T&C's in this respect, so its entirely possible they will update something and stop it working at some point in the future given they make less (no) money on these transactions hence wanting us to use Visa.
      Though they have never really enforced most of the T&C's anyway, as the current and previous versions stated we didn't get them on vending, transport or parking and I pretty much always have.

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