It’s time to examine another card privileges for groceries purchase.
And HSBC credit cards caught my eye this time.
If you hold a HSBC credit card is looking to use it for your grocery shopping but wondering how, read this.
First and foremost, you need to be a relatively high spender every month of at least S$600 (inclusive of instalments).
If you fulfill the criteria without having to spend extra or unnecessarily, by all means go ahead and use this card for your groceries shopping.
If you don’t spend this amount every month perpetually, then at least try to consolidate your spending for 3 months, so that you accumulate S$600 per month for a quarter or 3 months (periods of a quarter is classified as January to March, April To June, July to September, October to December).
If you fulfill the spending criteria as stated, you can get 5% rebates for your purchases at Cold Storage, MarketPlace, Jasons, Giant and Guardian.
(If you are holding HSBC Premier MasterCard, you’ll enjoy 10% rebates at MarketPlace and Jasons instead of the usual 5%.)
Do note that the maximum rebates you can earn is capped at S$100 per quarter.
Assuming you spend only spend on groceries and you are not hold the HSBC Premier Card, the maximum spending you should spend in that quarter on groceries using your HSBC card would be S$2000 because of the S$100 cap.
The above is not applicable for HSBC’s Revolution Card though.
You may have noticed that the supermarkets listed here belongs to Dairy Farm Group. So if you don’t hold a HSBC card, or only hold the HSBC’s Revolution Card or don’t spend S$600 per month usually or don’t patronise Cold Storage, MarketPlace, Jasons, Giant or Guardian frequently enough, you may like to look at some other options instead.
