HSBC Bank Malaysia is running an exciting promotion that offers cardholders up to RM800 cashback for overseas spending.
This promotion runs from July 1, 2024, to October 31, 2024, and is available to those using HSBC or HSBC Amanah Visa and Mastercard credit cards for purchases in foreign currencies.
Promotion Details
The promotion is structured into three tiers based on the amount spent in a single receipt in one of the designated foreign currencies. Here’s a breakdown of the cashback you can earn:
Tier 1: Spend RM3,000 to RM5,999 and earn RM200 cashback.
Tier 2: Spend RM6,000 to RM7,999 and earn RM500 cashback.
Tier 3: Spend RM8,000 or more and earn RM800 cashback.
Eligible Currencies
To qualify for the cashback, transactions must be made in one of the following currencies:
Australian Dollar (AUD)
Chinese Yuan (CNY)
Hong Kong Dollar (HKD)
Indonesian Rupiah (IDR)
Japanese Yen (JPY)
Singapore Dollar (SGD)
South Korean Won (KRW)
New Taiwan Dollar (TWD)
Thai Baht (THB)
US Dollar (USD)
How to Participate
To participate in this promotion, simply use your HSBC or HSBC Amanah Visa or Mastercard credit card for online or in-store purchases in the eligible currencies.
The cashback is awarded on a first-come, first-served basis, so it’s best to make your qualifying purchases early in the promotion period.
Additional Bonus Campaign
HSBC is also running the HSBC TravelOne Foreign Currency Cashback campaign simultaneously.
This campaign allows HSBC TravelOne credit cardholders to earn an additional 10 percent cashback, up to RM500, on any foreign transaction made during the promotion period.
This means cardholders can potentially double dip on both promotions, maximizing their cashback rewards.
Terms and Conditions
There is a maximum total cashback pool of RM398,400 for the HSBC Visa Spend in Foreign Currency Promotion and RM238,400 for the HSBC Mastercard Spend in Foreign Currency Promotion. Cashback is distributed monthly with specific caps for each tier:
Tier 1: 100 units
Tier 2: 60 units
Tier 3: 62 units
The cashback pool is shared between HSBC Visa and HSBC Amanah Visa, as well as HSBC Mastercard and HSBC Amanah Mastercard promotions, so be mindful of the availability when planning your spending.
Final Thoughts
HSBC’s Foreign Currency Spend Promotion is a lucrative opportunity for cardholders to earn significant cashback on their overseas expenditures.
With up to RM800 cashback per month and the ability to earn additional rewards through the TravelOne campaign, this promotion is ideal for those planning international travel or making substantial foreign currency purchases. Be sure to take advantage of this offer within the promotion period and enjoy the rewards of your foreign spending.
For more details, including the full terms and conditions, visit the HSBC Malaysia website here and here.
Happy spending and earning!
