The Diwali spend offers for 2022 are still flowing in. This time, it is HSBC that has sent across its festive spend offer. Here are the details of the offer.
We have three offers this time with different spending targets. Each time we hit the spending target, we become eligible for the corresponding gift.
- Offer 1: Spend Rs 30000 and get Rs 1000 cashback OR Spend Rs 2 Lakhs and get Rs 5000 cashback
- Offer 2: Spend Rs 4 Lakhs and get Amazon gift vouchers worth Rs 10000
- Offer 3: Spend Rs 15 Lakhs and get an iPad Air 5th Gen 64 GB
- Offer Type: Targeted
- Offer Duration: 1 October 2022 to 10 November 2022
- Fulfillment: By 10 January 2023
- Excluded Spends: Insurance Premiums
How to Enroll for this offer?
We need to SMS HFEST to 575750 from our registered mobile number or click on the link in the offer email.
If you hit the Rs 15 Lakhs spend target, we get Rs 5000 cashback, Rs 10000 Amazon GV, and an iPad Air. The iPad Air 5th gen 64 GB version retails for Rs 54900 right now. So, a total return of Rs 69,900 or 4.7%. This is decent but the target of Rs 15 Lakhs is very high for the required spend duration. Rs 15 Lakhs would be suitable for the UHNI customers of HSBC but is out of reach for the majority.
Yet another underwhelming spend offer from HSBC after the Amex offer.