Credit cardholders to experience cash back surprises

HSBC, launched a campaign that will surprise cardholders each time they shop, during the festive season from November 15 to December 31, 2011.

The new concept of rewarding cardholders through the 'Approval Code' which appears on the individual credit card slip is set to surprise many credit cardholders with a 'Cash Back' offer.

This will enable cardholders to win up to 100 percent of their transaction bill value.

The main feature of the promotion is that all credit cardholders who spend a minimum of Rupees 2,000 on their HSBC credit card on any transaction slip will be eligible to win as he/she could instantly add up the six-digit Approval Code of the credit card charge slip to calculate the winning cash back amount.

The sum of these digits can range from a minimum of 1 (when the Approval Code is 000001) to a maximum of 54 (when the Approval Code is 999999) i.e. 9 x 6 = 54.

Cardholders are allowed to use their credit card many times over in a single day, they will be credited with the winning rebate/s within 10 days, with the total winning amount reflected on their credit card statement, the following month.

Customers will be entitled to earn instant Rewards points and enjoy special seasonal savings and offers from the Bank's diverse merchant partner network, under the categories of fast food, clothing, lodging, dinning, travel, electronics and household goods.

Nadeesha Senaratne, Head of Cards and Consumer Assets, HSBC said, 'We believe in staying close to our customers and their emerging trends.

Noting that everyone is looking forward to surprises during the season, we devised this promotion to give our credit cardholders a chance to win cash back each time they shop with their HSBC credit card.