HSBC Step Up Promo - Part 2

[F1ngolf2012]

I think EGA registered in Oct promo for 3m from Oct to Dec 2024 will receive this BTL invite for Jan 2025. Nothing to shout about the bonus rate for this invite

RM said the BTL Jan extension invite is for all EGA registered for November BI i.e. November/December cycle. I think he should be right since the BTL reference month is October.

 

[Squaredot]

RM said the BTL Jan extension invite is for all EGA registered for November BI i.e. November/December cycle. I think he should be right since the BTL reference month is October.

my bad, I got both mixed up. You are right, BTL is for EGA registered for November promo (2m)
Thanks for pointing out, will edit my post.

 

[shengliang1981]

problem now is I want to register for my joint but im not sure if the BTL sms I received was for single only or joint also.

Did your joint account holder received the same BTL SMS? I too registered for my sole and joint account in November and both me and my joint account holder did received the BTL SMS.

 

[yiron]

seems they changed the tnc, earlier this morning it didn't specify the joint/sole part

huat ah!!

Yup T&C changed.

Previously just says that as long as u register (regardless of which account used to SMS), all your accounts are registered.

Now it differentiates between whether u register via your single account (registers all) or your joint accounts (registers only that account).

 

[60Remajust]

Did your joint account holder received the same BTL SMS? I too registered for my sole and joint account in November and both me and my joint account holder did received the BTL SMS.

yes. Joint holder also got the sms too.
We participated in Nov for all 3 accounts

 

[sellipad2]

You are correct from a practical perspective, but means need at least 3 accounts now ideally as opposed to 2 in order to work around it most effectively for 2 months cycle

Yea this new tnc make the rotation abit harder.

Single account just need to SMS in on first month to lock in 2.8% for both single and joint. Then first month single, 2nd month joint for 2.8% + 1% reward +. 3rd month single account can SMS and route in again, challenge lies in 4th month where the reference month for joint may have high balance.

 

[Kayeesha]

Yea this new tnc make the rotation abit harder.

Single account just need to SMS in on first month to lock in 2.8% for both single and joint. Then first month single, 2nd month joint for 2.8% + 1% reward +. 3rd month single account can SMS and route in again, challenge lies in 4th month where the reference month for joint may have high balance.

For me, since my funds are in either the single or joint account in any given month, it will not be possible to earn the maximum EGA bonus and Everyday+ 1% every month under the new terms.

For example, if I register my joint under the BTL promo, my joint will have a high Jan balance. Under these new terms where sole registration automatically means joint account registrations, registering (my sole) under the Feb promo will mean only my sole account can earn 2.8% +1% and for Feb only. In Mar, if I use my joint account, it will at best only earn the Everyday+ 1% interest because of the high balance in Jan. So, unless there are better alternatives, I will still use my sole in Mar and earn only 2.8%.

Assuming that this is indeed how HSBC wishes to run the EGA bonus promo going forward, then there will be one month when there will be zero balance in my bank accounts.

I think in order to be able to earn the maximum interest inclusive of the 1% every month under these new terms, you will need two sole or two joint accounts.

 

[teatrino]

I was under Nov cycle but did not receive the invite. Anyone else too?
Tried asking HSBC chat, and they say I'm not eligible for both BTL nor Jan promo.

 

[rest1ess]

Thanks man. Jialat, got new clause cannot join if previously joined for nov/dec

Apparently, their earlier sms no accurate. Here's the latest:

HSBCSG: Thank you for your interest in the January EGA Bonus Interest Promotion. We acknowledge your registration based on xxxxcxxcc that you have keyed in earlier. You're now registered for the Jan EGA Bonus Interest Promo for all EGA under your name. If incorrect, please resubmit your entry. Please note that you will not be eligible for this promotion if you have previously registered for the December EGA Bonus Interest Promotion. Visit HSBC Singapore website for T&Cs.

 

[hwmook]

I was under Nov cycle but did not receive the invite. Anyone else too?
Tried asking HSBC chat, and they say I'm not eligible for both BTL nor Jan promo.

I think you already got a lot of money inside so never invite you to earn more. I sign up but got minimum amount inside over past 2 months so invite me to keep for Jan, I guess I am Below The Line, you are above already.

My HSBC RM invite me to go down for sales pitch already.

 

[wolflake]

For me, since my funds are in either the single or joint account in any given month, it will not be possible to earn the maximum EGA bonus and Everyday+ 1% every month under the new terms.

For example, if I register my joint under the BTL promo, my joint will have a high Jan balance. Under these new terms where sole registration automatically means joint account registrations, registering (my sole) under the Feb promo will mean only my sole account can earn 2.8% +1% and for Feb only. In Mar, if I use my joint account, it will at best only earn the Everyday+ 1% interest because of the high balance in Jan. So, unless there are better alternatives, I will still use my sole in Mar and earn only 2.8%.

Assuming that this is indeed how HSBC wishes to run the EGA bonus promo going forward, then there will be one month when there will be zero balance in my bank accounts.

I think in order to be able to earn the maximum interest inclusive of the 1% every month under these new terms, you will need two sole or two joint accounts.

For joining March promo for Joint account, reference month is not February? Can explain why we need to see January Joint account account balance. I’m so confused with all the changes. Thanks

 

[teatrino]

I think you already got a lot of money inside so never invite you to earn more. I sign up but got minimum amount inside over past 2 months so invite me to keep for Jan, I guess I am Below The Line, you are above already.

My HSBC RM invite me to go down for sales pitch already.

My account balance only 5 digit though

Anyway I ask the CS to escalate to someone else to confirm back to me. They say will get back to me in 14 working days. 14 working days later, January is already almost over

 

[Mickey01]

My account balance only 5 digit though

Anyway I ask the CS to escalate to someone else to confirm back to me. They say will get back to me in 14 working days. 14 working days later, January is already almost over

are your Premier?

 

[Kayeesha]

For joining March promo for Joint account, reference month is not February? Can explain why we need to see January Joint account account balance. I’m so confused with all the changes. Thanks

I am assuming that the new condition (see text in bold below) is carried over to all future EGA promos. This being the case both the single and joint EGAs will have the same reference month.

“By registering for this Promotion with their Sole EGA number via SMS, customer agrees to registration and participation for all Eligible Accounts with his/her name as an account holder, including Joint EGAs. Any withdrawal of registrations will apply to all Eligible Accounts under the customer’s name.”

 

[shengliang1981]

Why not eligible for Jan promo? Isn't that open for public?

 

[teatrino]

are your Premier?

Nope

Why not eligible for Jan promo? Isn't that open for public?

Yeah i registered for Jan promo first and receive the acknowledgement SMS that those who registered for Nov / Dec are not eligible. So i chatted the CS to confirm. Then they say those under Nov should be under BTL promo. Told them I didn't receive the invite but anyway I sent another SMS to register for BTL and received the generic acknowledgement. Asked CS to check my registration, then they say I'm not eligible for BTL because I'm not invited, but also not eligible for Jan promo because I'm under Nov promo which is supposed to be extended.

 

[sellipad2]

For me, since my funds are in either the single or joint account in any given month, it will not be possible to earn the maximum EGA bonus and Everyday+ 1% every month under the new terms.

For example, if I register my joint under the BTL promo, my joint will have a high Jan balance. Under these new terms where sole registration automatically means joint account registrations, registering (my sole) under the Feb promo will mean only my sole account can earn 2.8% +1% and for Feb only. In Mar, if I use my joint account, it will at best only earn the Everyday+ 1% interest because of the high balance in Jan. So, unless there are better alternatives, I will still use my sole in Mar and earn only 2.8%.

Assuming that this is indeed how HSBC wishes to run the EGA bonus promo going forward, then there will be one month when there will be zero balance in my bank accounts.

I think in order to be able to earn the maximum interest inclusive of the 1% every month under these new terms, you will need two sole or two joint accounts.

well cant do it like last time where we can rotate sequentially every mth. Now need to keep a spreadsheet and have a cimb or maybank isavvy as backup, can only bring it back for EGA bonus +1% when reference mth is near zero balance

 

[sellipad2]

Nope


Yeah i registered for Jan promo first and receive the acknowledgement SMS that those who registered for Nov / Dec are not eligible. So i chatted the CS to confirm. Then they say those under Nov should be under BTL promo. Told them I didn't receive the invite but anyway I sent another SMS to register for BTL and received the generic acknowledgement. Asked CS to check my registration, then they say I'm not eligible for BTL because I'm not invited, but also not eligible for Jan promo because I'm under Nov promo which is supposed to be extended.

Quite odd i thought if you didnt enroll for Nov extension technically there is no promo tagged to account in Jan, so by right can enroll for Jan cycle. Usually SMS registration only fail when there is an existing promo thats running in the account and they dont allow overlap

 

[Young_Man]

Nope


Yeah i registered for Jan promo first and receive the acknowledgement SMS that those who registered for Nov / Dec are not eligible. So i chatted the CS to confirm. Then they say those under Nov should be under BTL promo. Told them I didn't receive the invite but anyway I sent another SMS to register for BTL and received the generic acknowledgement. Asked CS to check my registration, then they say I'm not eligible for BTL because I'm not invited, but also not eligible for Jan promo because I'm under Nov promo which is supposed to be extended.

If not invited for the BTL then you should be able to join the Jan promo as long as you are not tagged to any ongoing promo.

 

[shengliang1981]

Nope


Yeah i registered for Jan promo first and receive the acknowledgement SMS that those who registered for Nov / Dec are not eligible. So i chatted the CS to confirm. Then they say those under Nov should be under BTL promo. Told them I didn't receive the invite but anyway I sent another SMS to register for BTL and received the generic acknowledgement. Asked CS to check my registration, then they say I'm not eligible for BTL because I'm not invited, but also not eligible for Jan promo because I'm under Nov promo which is supposed to be extended.

Not too sure but perhaps you should try to send another SMS to register for the Jan promo again and see if the new acknowledgement SMS excludes those who registered for Nov?