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HSBC

Hot - HSBC WE MC - 100k plus FYF

  • Last Updated:
  • Feb 17th, 2024 4:26 pm
Newbie
Jun 4, 2020
6 posts
2 upvotes
Really appreciate the confirmation. If this is the case, I might just keep the card next year since it’s only $49 after credit, lol
Newbie
Jun 4, 2020
6 posts
2 upvotes
TimTaylor wrote: I waited until after the bill printed, then cancelled. Got the full refund so far and no deductions for the travel credit. Wondering if this could also work for redeeming the 100k in travel points credit when they post it in 5 years. I also wouldn’t mess with air Canada or any airline. Just book an Expedia hotel fully refundable and prepay on checkout.
Thank you!
Deal Addict
Nov 22, 2012
2008 posts
2044 upvotes
VANCOUVER
So I give up.

Tried on my mobile and it wouldn't let me upload the video. Still answered everything correct and at the end, just said there was an error.

Second time same thing but included my SIN and was directed to a branch. Nope, not worth it.
Member
Nov 24, 2019
445 posts
526 upvotes
Saskatoon
Phonophoresis wrote: Unfortunately, it's not that simple - you're failing to account for the nitty-gritty details of the redemption scheme/terms.

The problem is that the bonus does not post once the MSR is met; rather, it reportedly posts 60-days AFTER the 6 month mark or meeting the MSR (or so posters have reportedly been told). I can attest that as a previous holder of the card (for last year's promo), HSBC credited the bonus automatically, but at the last possible second outlined in their offer's T&Cs, despite meeting the MSR very early.

When you combine this with the fact that travel redemptions are limited to 60 days prior, this makes it hard to extract maximum value from your points, especially if trying to exploit a certain refund loophole. Note: I do remember something vaguely about me being able to redeem for travel beyond 60 days regardless of those T&Cs... perhaps in the 75-90 day range, but I cannot remember for certain.

Thus, you either have to travel somewhere, or make a travel related purchase AFTER receiving your bonus points, which for obvious reasons, isn't super plausible for majority of us (+ then you are stuck in no man's land with the points gained from said travel purchase, which would be $575+ x 6 pts/$ = 3450+ pts = ~$18+); or sacrifice on redemption value with another redemption option. If you're comfortable with getting relatively poor valuations for your points like the @smackioio said (i.e. GCs), then ignore me.

Of course, this is all hypothetical based upon when the bonus points post. I haven't been following, but current DPs over the last few pages do seem to corroborate that they do not post instantly after passing the spend threshold. No one seems to have received them yet, despite some posters meeting the MSR. We'll find out in a few months, I guess.
Ok yeah I see what you're saying now. For the last couple years pre COVID, we would usually book a December holiday last minute-ish, and its worked pretty well. So I figured get this card just before the Dec 28th deadline, spend the $5000 in 3 or 4 months, then you've got 115,000 points in your account for a $575 travel credit against a vacation next winter, assuming enough time for a vaccine that we are comfortable travelling by then. What I forgot to take into account is that the rewards points for the $ spent on the trip would be wasted in that scenario.

What I'd probably do then is plan about $2500 for a trip booked next December, which gives 15,000 more points. At that point I could redeem 125,000 points for $625 worth of credit and lose out on the value of the remaining 5000 points, or else spend $1667 in the months before to end up at 135,000 points and a $675 travel credit. Neither is quite ideal and brings the % return down a bit, but considering the $100 TEC in addition, I still think its worth doing in my case.

As an aside, is the $100 TEC per calendar year, or year that you have the card?
Deal Addict
Oct 3, 2013
2916 posts
4473 upvotes
West
SaskCanesFan wrote: Ok yeah I see what you're saying now. For the last couple years pre COVID, we would usually book a December holiday last minute-ish, and its worked pretty well. So I figured get this card just before the Dec 28th deadline, spend the $5000 in 3 or 4 months, then you've got 115,000 points in your account for a $575 travel credit against a vacation next winter, assuming enough time for a vaccine that we are comfortable travelling by then. What I forgot to take into account is that the rewards points for the $ spent on the trip would be wasted in that scenario.

What I'd probably do then is plan about $2500 for a trip booked next December, which gives 15,000 more points. At that point I could redeem 125,000 points for $625 worth of credit and lose out on the value of the remaining 5000 points, or else spend $1667 in the months before to end up at 135,000 points and a $675 travel credit. Neither is quite ideal and brings the % return down a bit, but considering the $100 TEC in addition, I still think its worth doing in my case.

As an aside, is the $100 TEC per calendar year, or year that you have the card?
TEC is per account anniversary, not calendar year. Don't forget about the $149 AF that comes along with renewal, though. That may defeat the purpose of forcing yourself to redeem any residual points you may have leftover, which is likely to be worth approx. the same amount after the TEC, anyway.

Regardless, it's not the worst thing in the world to lose out on a small amount of points/redemption... but I think my point was just that this is an inflexible redemption system that is poorly conceptualized. Unless, that was their intention, of course.
Member
User avatar
Mar 6, 2002
461 posts
569 upvotes
I haven't caught up with this thread recently but I did get my gcr $50 and I have to go to the branch to verify my id. Took about 6 weeks before the money show up in gcr.
Sr. Member
Apr 18, 2017
706 posts
350 upvotes
Poland
Got asked to go to the Branch.

Obviously not ideal, but got an appointment for the next day. Approved and in and out within 20 minutes. Was pretty painless. Will have the card in 10-15 business days
Member
Nov 24, 2019
445 posts
526 upvotes
Saskatoon
Phonophoresis wrote: TEC is per account anniversary, not calendar year. Don't forget about the $149 AF that comes along with renewal, though. That may defeat the purpose of forcing yourself to redeem any residual points you may have leftover, which is likely to be worth approx. the same amount after the TEC, anyway.

Regardless, it's not the worst thing in the world to lose out on a small amount of points/redemption... but I think my point was just that this is an inflexible redemption system that is poorly conceptualized. Unless, that was their intention, of course.
Yeah there's no doubt that their redemption system is very poor and inflexible. Like you say, that may have even been by design. But I think for me personally at least that I could still make pretty good use of it if things go to what my plan is, don't think I could really do better with any competing card offers right now even if I do lose some points value before cancelling. Should work out to roughly an 8.3% return on spend for me + the $100 credit. YMMV of course, and I wouldn't get this card with the usual bonus offers, but 100,000 points probably pushes it over the edge for me.
Deal Expert
User avatar
Jan 9, 2011
19736 posts
28624 upvotes
Vancouver
I called in and asked about upgrading my HSBC Advance MC to the WE version and if it was eligible for WB and FYF. She said yes, and to just visit a branch. So I did, and filled out product switch form. Card is apparently in the mail. After I receive the card and make the first purchase, I'll report if I receive WB or not.
Newbie
Apr 19, 2016
41 posts
15 upvotes
Still waiting for my GCR rebate to post. When I followed it up last Nov 12 through email, I got a reply that HSBC was just processing the rebates for a small batch of the applications. She said that I will be getting it by the end of the month. However, I did get a prior email stating that my rebate will be credited in time for the November 28 pay out.
Has anyone who is been waiting for the rebate received theirs already?
Deal Addict
User avatar
Apr 30, 2005
3663 posts
1174 upvotes
Mars
sudk wrote: got both $100 plus $125. Thanks
sorry not i'm lazy, but this thread is way to long to go through, mind me asking what $100 + 4125 you are talking about, i thought this one is for asiamiles? GCR is only $50.
Deal Addict
Sep 15, 2008
1767 posts
4502 upvotes
Pawtucket
matalino wrote: Still waiting for my GCR rebate to post. When I followed it up last Nov 12 through email, I got a reply that HSBC was just processing the rebates for a small batch of the applications. She said that I will be getting it by the end of the month. However, I did get a prior email stating that my rebate will be credited in time for the November 28 pay out.
Has anyone who is been waiting for the rebate received theirs already?
I'm still waiting for the cashback. I also received the email about November 28 but haven't heard anything yet.
Jr. Member
Aug 29, 2008
106 posts
27 upvotes
forgetpwd wrote: sorry not i'm lazy, but this thread is way to long to go through, mind me asking what $100 + 4125 you are talking about, i thought this one is for asiamiles? GCR is only $50.
$100 is for the Travel Bonus and 25,000 points allows you to redeem $125
Sr. Member
Jan 30, 2017
748 posts
121 upvotes
redboy69 wrote: I'm still waiting for the cashback. I also received the email about November 28 but haven't heard anything yet.
I’m waiting as well... I had to go to the branch and so I wrote to them to tell them to send it but no reply from them yet
Deal Addict
User avatar
Apr 30, 2005
3663 posts
1174 upvotes
Mars
sudk wrote: $100 is for the Travel Bonus and 25,000 points allows you to redeem $125
how did you get $100 travel bonus? I spent $10 when I got the card, believe had 25K points posted, but have not redeemed anything yet. u mean u actually redeemed and has that cash in your account or you mean your points worth that much now?
Newbie
Oct 26, 2018
94 posts
384 upvotes
I’ve been following this thread for months! The GCR was easy, but the 25,000 for $125? I know nothing about that one. I was expecting to spend all my points on a $500 Costco card when the remaining 80,000 points arrive. Is the 25k for $125 worth looking into?
Deal Addict
Oct 13, 2006
3024 posts
1538 upvotes
Burnaby
Divincenzoo wrote: I’ve been following this thread for months! The GCR was easy, but the 25,000 for $125? I know nothing about that one. I was expecting to spend all my points on a $500 Costco card when the remaining 80,000 points arrive. Is the 25k for $125 worth looking into?
25k points is the minimum redemption level for travel. Book a refundable hotel and you can claim your points. so 100K points would be worth $500.

$500 Costco card is 160,000 rewards points in comparison lol
Last edited by amplified on Nov 28th, 2020 11:00 pm, edited 1 time in total.
Deal Addict
Oct 26, 2005
1388 posts
432 upvotes
Toronto
matalino wrote: Still waiting for my GCR rebate to post. When I followed it up last Nov 12 through email, I got a reply that HSBC was just processing the rebates for a small batch of the applications. She said that I will be getting it by the end of the month. However, I did get a prior email stating that my rebate will be credited in time for the November 28 pay out.
Has anyone who is been waiting for the rebate received theirs already?
When did you sign up and get approved for the card? I signed up on Sept 9/20 and got a confirmation from GCR that the $50 would be paid out via PayPal on Nov 28. Ended up getting the rebate on Nov. 27th.
R.I.P. Prodigy
Deal Addict
Oct 13, 2006
3024 posts
1538 upvotes
Burnaby
theinfamous wrote: When did you sign up and get approved for the card? I signed up on Sept 9/20 and got a confirmation from GCR that the $50 would be paid out via PayPal on Nov 28. Ended up getting the rebate on Nov. 27th.
I applied on Sept 8 and i'm still waiting. No email from GCR other than the update back in Oct (?) that stated HSBC didnt have a tracking system but that they would work on one and payouts would still be on time for Nov. I emailed GCR on Nov 25th asking for an update and they sent me back an email stating that HSBC finally has a system to match applications but no update on rebate lol. No big surprise here, its HSBC.

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