From 1 May 2023, qualifying HSBC Everyday+ account holders can double the fun in the HSBC Everyday Sure-Win promotion, with 18,000 prizes to be won.
HSBC is launching the HSBC Everyday+ Rewards programme, and part of the reward is watching your savings account grow daily. It's the gift that keeps giving, by ensuring you save and spend smartly.
With the HSBC Everyday+ Rewards programme, customers with a HSBC Everyday Global Account (EGA) will be able to earn a 1% bonus interest from their savings on the monthly incremental account balance.
This is on top of the 1% cashback on transactions made with any HSBC credit card, plus the usual credit card rewards. Transactions include GIRO bill payments and HSBC Everyday Global debit card transactions.
Here’s how it works.
Table of contents:
- Overview: HSBC Everyday+ Rewards
- Everyday Global Account Promotional Rates (May 2023)
- How to qualify for 1% cashback?
- HSBC sure-win promotion
- Best HSBC credit cards in Singapore
What is HSBC Everyday+ Rewards?
From 1 May to 31 October 2023, HSBC will be running the Sure-Win Promotion as part of the Everyday+ Rewards programme.
There are 18,000 prizes to be won, with 10,000 Grand Lucky prizes including Oscar’s Buffet Lunch for 2 at Conrad Hotel, NTUC and Takashimaya vouchers, and one night stay at Centennial Suite with Executive Floor benefits and breakfast for 2.
On top of a 1% cashback on qualifying credit card transactions, HSBC EGA holders will earn 1% bonus interest on incremental SGD balances.
To qualify for the Sure-Win Promotion, HSBC customers will need to maintain the respective minimum balances and make 5 eligible transactions on the account.
Personal Banking
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Premier Customers
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Eligible Cards
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Any HSBC credit card or EGA debit card
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Any HSBC credit card or EGA debit card
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Minimum EGA Deposit Per Month
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S$2,000
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S$5,000 (Premier & Jade)
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Bonus Interest
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1% on Incremental SGD Balances
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1% on Incremental SGD Balances
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Cashback
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1% on 5 eligible transactions
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1% on 5 eligible transactions
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Minimum Transactions Per Month
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5
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5
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Qualifying Transactions
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Make 5 eligible transactions
(Can be a combination of the following):
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Make 5 eligible transactions
(Can be a combination of the following):
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Cap
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S$300 Bonus Interest + S$300 Cashback = S$600
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S$300 Bonus Interest + S$500 Cashback = S$800
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Crediting Time
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By end of following month
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2 - 14 business days
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HSBC EGA – May Promotion Rates
Customer Segment | Prevailing Interest Rate | Bonus Interest Rate | Total Interest Rate on Top-up Amount |
Premier | 0.05% p.a. | 4.40% p.a. | 4.45% p.a. |
Personal Banking | 0.05% p.a. | 4.25% p.a. | 4.30% p.a. |
source: HSBC
Among other things, it's worth noting is that HSBC is one of the first banks to reward cashback on GIRO bill payment.
HSBC customers need to make at least five transactions (of any amount) on their credit card in a given calendar month, and deposit S$2,000 (or S$5,000 if they’re a HSBC Premier or Jade member) of fresh funds into their EGA.
This triggers a qualifying period, during which they earn 1% cashback on all credit card transactions. The qualifying period is defined as the day after the qualifying requirements are met up till the end of the following calendar month.
While you need to make a deposit, there’s no need to maintain the balance. In other words, once the S$2,000 (or S$5,000) has been deposited, you can subsequently spend it or transfer it back out to a different bank account with higher interest rates. There is a S$5 monthly fall below fee if your average daily balance is below S$2,000).
With the bonus interest, this increases the maximum cashback customers can earn is capped at S$600 (or S$800 if they’re a HSBC Premier or Jade member) each month, which is plenty.
At a 1% cashback rate, you’d only max out the cap if you spent at least S$30,000 per month on your credit card - a high threshold indeed!
Cashback will be credited to your EGA as early as two business days from the transaction posting date, and no longer than 14 business days.
HSBC Credit Card Welcome Gift: Receive a Samsonite Prestige 69cm Spinner Exp with built-in scale (worth S$670) or S$150 cashback when you make a min. spend of S$1,000 within the qualifying spend period and provide marketing consent during application. Valid till 31 August 2023. T&Cs apply.
Alternatively, receive 20,000 miles when you make a min. spend of S$800 within the first month of card approval and annual fee payment with the HSBC TravelOne Card. Valid till 31 August 2023. T&Cs apply.
Do all transactions qualify for 1% cashback?
All transactions eligible for regular credit card rewards will also qualify for 1% cashback. HSBC does have a rewards exclusion list which can be viewed here. The main exclusions to take note of are:
- Donations to charity
- Payments to government entities
- Payments to educational institutions
- Utility bills
- CardUp/ipaymy
- Top-ups of prepaid accounts and e-wallets
HSBC Sure-Win Promotion
From 1 May – 31 October 2023, qualifying members of the HSBC Everyday+ Rewards Programme will stand to win attractive prizes for your transactions.
The qualifying criteria are as follows:
- Eligible Customer must be Everyday+ qualified at the point of draw.
- Eligible Customer must possess at least 1 Grand Lucky Draw Chance where the
chance(s) can be won via the Sure-Win game. - Each Eligible Customer can only win a maximum of 1 Grand Lucky Draw Prize.
How to qualify
Step 1: Register via SMS
Send an SMS in the following format to 74722 within the Promotional Period
SUREWIN<space>First 9-digit of their Everyday Global Account Number (e.g., SUREWIN 123456789)
Step 2: Qualify for HSBC Everyday+
Earn 1 Sure-Win Spin each month when you qualify for the HSBC Everyday+ by fulfilling the criteria within the same month
- 5 eligible transactions
- Min. deposit of S$2k (or S$5k for Premier)
Step 3: Be Rewarded
Receive the sure-win spins code by the end of next calendar month (from the date of Everyday+ qualification) and play the sure-win game on hsbc.com.sg/surewin by 30 November 2023
Overview: Best HSBC Credit Cards in Singapore 2023
Note: “XX mpd” refers to “XX miles per S$1 spend”.
Credit card
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Key benefits
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Ongoing promotion
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HSBC Revolution Card
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10X Rewards Points (4 mpd) on online and mobile contactless spend
Bonus rate capped at S$1,000 monthly spend
No annual fee
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HSBC Credit Card Welcome Gift: Receive a Samsonite Prestige 69cm Spinner Exp with built-in scale (worth S$670) or S$150 cashback when you make a min. spend of S$1,000 within the qualifying spend period and provide marketing consent during application. Valid till 31 August 2023. T&Cs apply. Alternatively, receive 20,000 miles when you make a min. spend of S$800 within the first month of card approval and annual fee payment with the HSBC TravelOne Card. Valid till 31 August 2023. T&Cs apply.
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HSBC Advance Credit Card
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Up to 3.5% cashback on all eligible spend
Base cashback capped at S$70 per month
Bonus cashback capped at S$300/S$500 per month
1-year annual fee waiver
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HSBC Visa Platinum Card
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5% quarterly cash rebate on dining, groceries, and fuel
1 Reward Point per S$1 on retail spend
Additional 1% HSBC Everyday+ cashback with HSBC Everyday Global Account
Min. S$600 monthly spend
Quarterly cashback capped at S$250
No annual fee
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HSBC TravelOne Card![]() |
3X Rewards Points (1.2 mpd) on local spend
6X Rewards Points (2.4 mpd) on foreign currency spend
4 complimentary airport lounge access per year
Over 20 travel partners by end of 2023:
Air France/KLM, airasia, British Airways, Cathay Pacific, Etihad Airways, EVA Air, Qantas, Singapore Airlines, Vietnam Airlines, Accor Live Limitless, IHG One Rewards, Marriott Bonvoy, and more Up to US$100,000 complimentary travel insurance coverage
No conversion fee (Valid till 31 Dec 2023)
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HSBC TravelOne Card Welcome Gift: Receive 20,000 miles when you make a min. spend of S$800 within the first month of card approval and annual fee payment. Valid till 31 August 2023. T&Cs apply.
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Conclusion
If you're looking to optimise your savings and spending on your EGA, May's a great time to start earning a bonus 1% cashback on top of your regular credit card rewards.
There’s no reason why you shouldn’t be doing it, even if you’re not normally into collecting cashback!
HSBC Credit Card Welcome Gift: Receive a Samsonite Prestige 69cm Spinner Exp with built-in scale (worth S$670) or S$150 cashback when you make a min. spend of S$1,000 within the qualifying spend period and provide marketing consent during application. Valid till 31 August 2023. T&Cs apply.
Alternatively, receive 20,000 miles when you make a min. spend of S$800 within the first month of card approval and annual fee payment with the HSBC TravelOne Card. Valid till 31 August 2023. T&Cs apply.
Read these next:
Top Credit Card Promotions And Deals On SingSaver (July 2021)
Is the HSBC Advance Credit Card the Best Cashback Card Right Now?
HSBC Revolution Credit Card Review: For Low Spenders Who Want Flexible Rewards
Best Grocery Credit Cards In Singapore 2021
Best Credit Cards for Paying Utility Bills in Singapore