HSBC CB up to Rs 5000 on RedGiraffe 4 Transactions > Rs 20000

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https://www.hsbc.co.in/credit-cards/offers/red-...
Brief Summary
Cashback – Get 5 days’ cashback of 1-month’s rent (up to INR5,000 per card)
Eligibility – A minimum of 4 rent payments (one in each calendar month) from 1 April 2021 to 30 September 2021
Minimum transaction – INR20,000 (paid towards monthly rent)

Detailed T&C
Terms and conditions
This offer is brought to you by The Hongkong and Shanghai Banking Corporation Limited, India (‘HSBC’) and RedGirraffe E-commerce India Pvt Limited (RedGirraffe). Any participation in the said offer is voluntary.

During the offer period cardholders can avail the offer using their valid HSBC Credit Card (‘Card’).

This Offer is applicable to existing and new resident HSBC Credit Cardholders, excluding corporate cardholders (hereinafter referred to as ‘Cardholders’). Credit Cardholders who have not repaid their minimum payment due within 30 days of their payment due date as mentioned on the credit card statement, will not be eligible for the offer. The Offer is not valid on Add on Credit Cards, Internet banking, debit cards, commercial and Corporate Cards issued by HSBC. Transactions where payment (partial or full) is made using any other mode of payment (other bank cards or e-wallet options) will not be eligible for the offer. Transactions where payments are made with HSBC Credit Cards using any e-wallet will not be eligible for the offer. Cardholders understand and agree that transactions/payments made through Mobile Credit Card or Tokenized Credit Card facility offered by HSBC will not be valid for availing the offer.

During the period from 1 April 2021 to 30 September 2021 (‘Offer Period’), Cardholders on adding RedGirraffe as a biller on HSBC Internet banking (www.hsbc...in) and using their valid HSBC Credit Card on HSBC Internet banking for making rental payments towards RedGirraffe will be entitled to the below benefits(‘Offer’) subject to meeting eligibility criteria, cashback calculation logic with sample illustrations is also shared below:

HSBC Offer:

Cardholders to get 5 days of monthly rental subject to a maximum of Rs. 5000 as cashback in their card account, during the Offer Period
Cashback will be credited to the eligible Card within 60 days after the end of Offer Period. Appropriate cashback will be credited only on using valid HSBC Credit Cards on rental payments made via HSBC Internet Banking during the Offer Period for the minimum Transaction Value as per the Offer
Cashback will be credited only once for entire Offer Period
Cardholders with minimum 4 rental payments, each one of them in separate calendar month during the Offer Period on same HSBC Credit Card would become eligible for cashback
At least one transaction towards rent payment in each month should be for a minimum value of INR 20,000
For Cardholders making multiple payments towards one or multiple RedGirraffe ID’s or properties in a month, highest payment will be considered as the rental payment
Cardholders who earned cashback with the HSBC RedGirraffe Offer in the year 2020 will be excluded from this Offer
School fees paid via RedGirraffe platform using HSBC Credit Cards will not be considered for cashback
Payment made towards multiple properties on same HSBC Credit card will not be considered for cashback separately
A processing fee of 0.39% subject to a minimum of Rs. 39/- plus taxes will be levied by RedGirraffe for every transaction

Calculation of cashback for HSBC Offer:

Eligible Cardholders shall receive a cashback of 5 days of monthly rental, maximum of INR 5,000
Per day rent will be arrived by dividing the total rent paid during the Offer Period divided by number of months in which Cardholders became eligible further divided by 30.5 (average number of days in a month), this to be further multiplied by 5 to arrive at the final cashback figure (capped to INR 5,000)
For total rent paid, only one transaction will be eligible in each month which needs to be arrived basis logic used in point 2 and 3 from eligibility

Illustration 1 – Total rent paid by a Cardholders in multiple transactions during 6 months is INR250,000, however the highest payment in each of the month is INR 25,000, total eligible rent in this case will be INR150,000.

Average rent per month: INR150,000 / 6 = INR25,000

Average per day rent: INR25,000 / 30.5 = INR819.67

Cashback: INR819.67 * 5 = Rs 4,098

Illustration 2 – Total rent paid by a Cardholders in multiple transactions during 6 months is INR500,000, however only 4 transactions in separate months are eligible meeting the criteria of min. amount of INR20,000.

Total value of 4 transactions: INR300,000.

Average rent per month: INR300,000 / 4 = INR 75,000

Average per day rent: INR75,000 / 30.5 = INR 2,459.01

Cashback: INR2,459.01 * 5 = INR12,295.05

Cashback to be credited: INR5,000 (maximum cashback condition)

Illustration 3 – Total rent paid by a Cardholders in multiple transactions during 6 months is INR250,000, however only 3 transactions in separate months are eligible meeting the criteria of minimum amount of INR20,000.

Cardholders will not be eligible for cashback.

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