HSBC has announced the Festive Bonanza offer wherein it’s giving away MakeMyTrip gift cards and cash back on meeting the spends target. There is also a bumper reward of Rs. 1 Lakh MakeMyTrip gift card for top 5 spenders during the offer period along with an early bird offer of MakeMyTrip Gift Card worth Rs. 3,000 for first 10 spenders to reach Rs. 1,00,000 mark.
- Offer: Get MakeMyTrip gift cards and cashback on meeting the spend criteria
Offer Type Reward Spend Rs. 1,00,000 to Rs. 2,49,999 Cashback worth Rs. 2,000 Spend Rs. 2,50,000 and above MakeMyTrip Gift Card worth Rs. 5,000 + Cashback worth Rs. 2,000 Bumper Reward Top 5 spenders get MakeMyTrip Gift Card worth Rs. 1,00,000 Early Bird offer First 10 customers spending Rs. 1,00,000 and above before 20 October 2019 will get MakeMyTrip Gift Card worth Rs. 3,000
- Period: 28th September to 30th November 2019
- Type: Targeted, not valid if communication is not received from HSBC
- Fulfillment: Cashback and MakeMyTrip gift cards would be provided by 31st January 2020
- Other T&C:
- Offer valid only on registration
- To register, SMS HSBCFEST to 575750 from registered mobile number
- Cancelled or reversed transactions won’t be included in the spending amount calculation
- Not valid on Balance Transfer and Cash-on-EMI
- Source: Email
This offer translates to a reward rate of 2.8% if you’re able to spend Rs. 2,50,000, which is decent. And if you are lucky enough to be in top 5 spenders list, the MakeMyTrip gift card of Rs. 1 Lakh will sweeten the deal further. However the problem with this is, there is no perfect way to know your position in spenders’ list. Unless HSBC provides a transparent way to know one’s position in spenders’ list, I wouldn’t even consider this.
Let me know your thoughts on Festive Bonanza offer from HSBC in comments below.