HSBC Everyday+ Rewards 1% Bonus Interest on EGA + 1% Cashback On Card Spends and GIRO payments

From 1 May 2023, qualifying HSBC Everyday+ Global Account holders can double the fun in the HSBC Everyday Sure-Win promotion, with 18,000 prizes to be won.

The HSBC Everyday+ Rewards programme is a gift that keeps on giving. 

With the HSBC Everyday+ Rewards programme, customers with an HSBC Everyday Global Account (EGA) can earn an additional 1% p.a. 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.  

Read on to find out how it works!

Table of contents:

• Overview: HSBC Everyday+ Programme
• Everyday Global Account promotional rates (June 2023)
• Exclusions for 1% cashback
• HSBC sure-win promotion
• Best HSBC credit cards in Singapore

What is the HSBC Everyday+ Rewards Programme?

As mentioned, the HSBC Everyday+ Rewards Programme is a rewards programme that rewards you with bonus interest for spending and saving with the HSBC Everyday Global Account (EGA).

The HSBC EGA is a multi-currency savings account that lets you hold, withdraw, exchange, and transact in foreign currencies including the Australian dollar, Canadian dollar, Euro, Japanese yen, New Zealand dollar, British Pound, Swiss franc, US dollar, Hong Kong dollar, and Chinese renminbi.

Via the HSBC Everyday+ Rewards Programme, you can enjoy up to S$800 cash rewards and bonus interest on your HSBC EGA. 

How to earn up to S$800 cash rewards with the HSBC Everyday+ Rewards Programme

Note that cashback for HSBC Everday Global debit card/HSBC credit card/GIRO transactions is capped at S$300 per month for HSBC personal banking customers and S$500 for HSBC Premier banking customers. 

As for the 1% p.a. bonus interest, you can earn it with just two steps:

• Save: deposit at least S$2,000 (personal banking) or S$5,000 (Premier banking) per month
• Transact: make at least five eligible transactions (GIRO bill payments, HSBC Everyday Global debit card, HSBC credit card, fund transfers to non-HSBC accounts)

The 1% p.a. bonus interest is also capped at S$300 per month for HSBC Premier banking customers and S$150 for HSBC personal banking.

Also, to be eligible for the one-time bonus cash reward, you have to maintain average daily balance of at least S$100,000 (personal banking) and S$200,000 (Premier banking) within the first six months of qualifying for the programme. 

The qualifying period is defined as the day after the qualifying requirements are met up till the end of the following calendar month.

Among other things, it's worth noting that HSBC is one of the first banks to reward cashback on GIRO bill payment. 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.

Meanwhile, the 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. You can read the full T&Cs here. 

Check out the best HSBC credit cards and exclusive SingSaver ongoing promos here. 

Do all transactions qualify for 1% cashback?

As mentioned, transactions eligible for regular credit card rewards will qualify for 1% cashback. That said, 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
• Payments to insurance companies
• Tax payments
• Utility bills
• CardUp/ipaymy
• Top-ups of prepaid accounts and e-wallets
• AXS and ATM transactions
• Foreign exchange transactions

HSBC Sure-Win Promotion

On top of the bonus cashback and rewards, HSBC is also running the Sure-Win Promotion as part of the Everyday+ Rewards programme from 1 May to 31 October 2023. 

There are 18,000 prizes to be won, with 10,000 Grand Lucky prizes including Oscar’s Buffet Lunch for two at Conrad Hotel, NTUC and Takashimaya vouchers and one night stay at Centennial Suite with Executive Floor benefits and breakfast for two. 

To qualify for the Sure-Win Promotion, HSBC customers will need to maintain the respective minimum balances and make five eligible transactions on the account.

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 (EGA) 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$2,000 (or S$5,000 for Premier banking customers)

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

If you're looking to sign up for an HSBC credit card to earn cashback with the HSBC EGA, below are the best HSBC credit cards worth considering:

Note: “XX mpd” refers to “XX miles per S$1 spend”.

Credit card	Key benefits	Ongoing promotion
HSBC Revolution Card Apply Now	10X Rewards Points (4 mpd) on online and mobile contactless spend   Bonus rate capped at S$1,000 monthly spend   No annual fee   Card T&Cs	SingSaver Exclusive Offer: Enjoy the following rewards when you sign up for an HSBC credit card. Get a Dyson SSHD 15 (worth S$699), a Dyson Micro 1.5kg Vacuum (worth S$599), S$199 Cash + S$200 eCapitaVoucher, S$400 eCapitaVoucher, a FLUJO SmarTrax Standing Desk (worth S$739), or 20,000 Heymax Miles upon activating and spending min. S$500 by end of the following calendar month from the card account opening date. HSBC TravelOne Card applicants must also pay the annual fee of S$196.20 (incl. GST). Valid till 2 January 2025. T&Cs apply. Pick your HSBC Credit Card now!
HSBC Advance Credit Card Apply Now	Up to 3.5% cashback on all eligible spend Up to 2.5% base cashback Additional 1% HSBC Everyday+ cashback with HSBC Everyday Global Account Base cashback capped at S$70 per month   Bonus cashback capped at S$300/S$500 per month   1-year annual fee waiver   Card T&Cs
HSBC Visa Platinum Card Apply Now	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   Cash rebate T&Cs
HSBC TravelOne Card Apply Now	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)	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.

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!

Read these next:
Top Credit Card Promotions And Deals On SingSaver
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
Best Credit Cards for Paying Utility Bills in Singapore