HSBC RedGirraffe Offer – Get up to Rs 5000 cashback on rent payments

HSBC RedGirraffe Offer

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While there are many online rent payment services available now, RedGirraffe is my go-to service for rent payments by credit card for its lowest convenience charges and seamless biller-based payment service. HSBC has a RedGirraffe offer for making rent payments using HSBC credit cards. Here are the details:

HSBC RedGirraffe Offer Details

OfferPay rent using HSBC credit card on RedGirraffe RentPay and get 5% of one month’s rent as cashback
EligibilityAll HSBC credit cards (except Corporate)
Minimum Rent PaymentRs 20000 (excluding charges)
Number of Rent Payments and Offer ValidityA minimum of 4 rent payments (one in each calendar month) from 1 April 2021 to 30 September 2021
Maximum Cashback5% of one month rent up to Rs 5000
Fulfillment60 days from the offer end date

If we are paying a rent of Rs 20000 every month then, at the end of September 2021 we will be eligible for a cashback of Rs 1000 provided we have made a minimum of 4 rent payments. The higher the rent amount, the more is the benefit in this case.

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Final Thoughts

RedGirraffe keeps running multiple offers round the year with most of the major credit card companies. While this is a good offer, the cashback should have been a little on the higher side from Rs 1500 – Rs 2000.

HSBC credit cards do not exactly provide high rewards, unlike HDFC Infinia / SCB Ultimate where we get 3.3% of rent payments back as rewards. For example, if we pay the same rent of Rs 20000 for 4 months using the HDFC Infinia card we would have got 2640 reward points on the card (3.3%*20000*4). This is why the offer does not make sense for someone holding super premium credit cards. But for other cases, this offer would be more rewarding.

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