I just applied a HSBC credit card, during the application process, I was prompted whether to create the HSBC EGA account too. However I was quite confusing regarding how this EGA calculate the interest.
There is relevant month, and reference month. According to t&c, if I applied in January, my relevant month would be JAN, FEB and MAR and reference month would be DEC.
1. if I transfer 10k to my EGA account on FEB, and keep it until end of MAR I will received 2% on 10k for FEB and MAR?
2. for spending $800 on debit card criteria to earn 2%, is it must fulfil min spending of $800 for 3 mths, if only 1 or 2 months hit the min spending is there prorated interest?
There is relevant month, and reference month. According to t&c, if I applied in January, my relevant month would be JAN, FEB and MAR and reference month would be DEC.
1. if I transfer 10k to my EGA account on FEB, and keep it until end of MAR I will received 2% on 10k for FEB and MAR?
2. for spending $800 on debit card criteria to earn 2%, is it must fulfil min spending of $800 for 3 mths, if only 1 or 2 months hit the min spending is there prorated interest?
