Personal Finance

HSBC promo (upto $600 for new clients, requires mimimum $5,000 balance, direct deposit, credit card application/rewards)

  • Last Updated:
  • Oct 15th, 2018 2:19 am
Deal Addict
User avatar
Nov 18, 2012
1168 posts
201 upvotes
Toronto
Got the account and wait three weeks for the credit card. Could consider a good deal, just need some patient.
Simple is the best.
Deal Addict
Oct 24, 2009
1544 posts
310 upvotes
I opened up an Advance account on August 17, deposited $5000 immediately, first payroll deposited August 30. Still haven't gotten the $300 account opening bonus or the $100 direct deposit bonus.

The only thing I have got is the referral bonus from being referred, and two referral bonuses from referring people.
Sr. Member
Apr 23, 2008
715 posts
56 upvotes
projector wrote:
Oct 3rd, 2018 9:53 pm
STEP Bonus stands for "Share The Experience Program"
Sorry, my bad, did not know what STEP is, so no bonus yet for direct deposit
Deal Addict
User avatar
Jan 9, 2011
2748 posts
2249 upvotes
Vancouver
cbt123 wrote:
Oct 4th, 2018 9:48 am
I opened up an Advance account on August 17, deposited $5000 immediately, first payroll deposited August 30. Still haven't gotten the $300 account opening bonus or the $100 direct deposit bonus.

The only thing I have got is the referral bonus from being referred, and two referral bonuses from referring people.
How long did it take you to get those referral bonuses? I made one referral and didn't get any bonuses of any kind yet.
Penalty Box
User avatar
Jul 17, 2008
8397 posts
1819 upvotes
phht wrote:
Oct 3rd, 2018 9:30 pm
I received "Transfer XXXXXXXX STEP Bonus" $100 in the advance chequing account right after my payroll direct deposit came in, so i think it is direct deposit bonus, not referral bonus.
Also I chatted with HSBC agent and after checking with management he said direct deposit must be kept going for a full year although he acknowleged that it was not clearly stated in the T & C. So it is a grey area, I guess one can initiate a chat and capture the chat as proof of an agent saying direct deposit not required for a full year.
Not in the T&C, no need. I already saved a copy of their T&C. I don't need an agent telling me otherwise.
Deal Addict
Oct 24, 2009
1544 posts
310 upvotes
Kiraly wrote:
Oct 4th, 2018 5:40 pm
How long did it take you to get those referral bonuses? I made one referral and didn't get any bonuses of any kind yet.
All of them came within 3 weeks of the other party opening an account.
Deal Guru
Sep 2, 2008
10392 posts
681 upvotes
Still waiting here too, for the step bonus only. Can anyone confirm the credit card $100 bonus arrives as points on the credit card or as a cash deposit in the chequing account?
Newbie
Jul 25, 2018
92 posts
24 upvotes
slowtyper wrote:
Oct 5th, 2018 1:23 am
Still waiting here too, for the step bonus only. Can anyone confirm the credit card $100 bonus arrives as points on the credit card or as a cash deposit in the chequing account?
It's 20,000pts on the WE MC.
Deal Guru
Sep 2, 2008
10392 posts
681 upvotes
projector wrote:
Oct 5th, 2018 8:49 am
It's 20,000pts on the WE MC.
Thanks any idea how long that takes to arrive?
Newbie
Jul 25, 2018
92 posts
24 upvotes
slowtyper wrote:
Oct 5th, 2018 8:52 am
Thanks any idea how long that takes to arrive?
I think pretty fast. I wanna say after first statement or first purchase. Within a few weeks for sure. I got my $1000 spend 10,000pts as well shortly after.
Newbie
Jul 25, 2018
92 posts
24 upvotes
Kiraly wrote:
Oct 4th, 2018 5:40 pm
How long did it take you to get those referral bonuses? I made one referral and didn't get any bonuses of any kind yet.
23/Aug/2018 - Account opened and $5,000 deposited (referred by someone)
07/Sep/2018 - STEP Bonus' deposited. I had referred a couple people during the last week of August, and all 3 STEP Bonus' hit on this same day.

As for a bit more accurate info regarding when the HSBC WE MC pts hit my account, I don't have that info because I still haven't received my MC Statement yet >.<
Jr. Member
Aug 14, 2012
115 posts
47 upvotes
North Vancouver
projector wrote:
Oct 5th, 2018 8:49 am
It's 20,000pts on the WE MC.
It's only 20k pts on the PREMIER WE. There is no stated extra bonus for regular WE, but I did receive 5k.
slowtyper wrote:
Oct 5th, 2018 8:52 am
Thanks any idea how long that takes to arrive?
My extra 5k came after about 1 month with the card, about 5 days after I hit $1k spend, not sure if it's connected to either.
Newbie
Jul 25, 2018
92 posts
24 upvotes
604reefer wrote:
Oct 5th, 2018 1:10 pm
It's only 20k pts on the PREMIER WE. There is no stated extra bonus for regular WE, but I did receive 5k.

My extra 5k came after about 1 month with the card, about 5 days after I hit $1k spend, not sure if it's connected to either.
It depends when you applied I guess. I received 20,000 when I applied Aug 23rd. IIRC the promotion may have ended on Sep 4th. Strange though, that the fine print still mentions the Welcome Bonus.

https://www.hsbc.ca/1/2/personal/bankin ... mastercard
Jr. Member
Aug 14, 2012
115 posts
47 upvotes
North Vancouver
projector wrote:
Oct 5th, 2018 1:15 pm
It depends when you applied I guess. I received 20,000 when I applied Aug 23rd. IIRC the promotion may have ended on Sep 4th. Strange though, that the fine print still mentions the Welcome Bonus.

https://www.hsbc.ca/1/2/personal/bankin ... mastercard
Ok, yes, I got the 20k + 10k promotion as well.

But, I think what slowtyper was wondering was whether the additional bonus (on top of the CC welcome bonus, list in the T&C for opening a bank account) would post, which is separate.

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