This is all year round, when spending minimum HKD equivalent of $1k per month, maximun I think is $100k per year. If you fail to meeting the minimum, you still get 3.6% back instead of 5.6%, which is still good.
"The total maximum amount of extra RewardCash on eligible overseas transactions to be awarded to each HSBC Premier MasterCard Credit Card cardholder in each phase is $300"
Last edited by benchesters; 12-02-2019 at 02:26 PM.
I'm happy using the HSBC card for all my non-HKD spending and knowing I get 3.6% cashback, I can see it credited in the "Reward+" app on my phone on the same day I make a purchase and I know for a fact I'm getting this 3.6%. So this should more than cover any hidden fx fees and charges. If I am getting extra up to 5.6%, who knows, they credit this later. Just a few weeks ago I got credited with a big chunk of points but I have no idea what they are for and how to reconcile this. So just consider it a bonus you might get at the end of the year or might not.
To save my sanity, I don't use HSBC as my regular credit card. It's too confusing. I use Standard Chartered and Citibank. HSBC is exclusively for non-HKD spending for me.
Was hoping to spend $20,000 USD every 2 months on this card to get the 3.6% back on this.
I guess for normal spending this isn't so bad. But for what I was looking at, the limits aren't going to suit!
Appreciate all the info by the way. I think this US$ Visa Gold Card might be the way to go as allows spending in USD, which is what I am looking for mostly.
I too use the CSR in addition to the Alaska card in HK. (Good for premium cabin travel on CX).
One thing to be aware of when using US issued card outside of US: DCC. Avoid at all cost. Establishments that charge DCC essentially negate any benefits of the card, and more.
If you're unfamiliar with DCC, then Google DCC Flyertalk. You should get a bunch of threads about it. In short, DCC tacks 3-7% percent on top of your charge as a 'convenience' for the card holder.