Red Mastercard
P 2500 cash rebate
P 5000 minimum spend requirement
Waived annual fees for life!
Gold Visa Cashback
P 2500 cash rebate
P 5000 minimum spend requirement
Waived annual fees for life!
Platinum Visa
P 5000 cash rebate
P 10000 minimum spend requirement
Terms and Conditions
1. HSBC x Power Mac Center Credit Card Acquisition Promo (the “Promo”) shall run from October 15, 2021 to December 31, 2021 (the “Promo Period”). Spend period is from October 15, 2021 to February 28, 2022 (the “Promo Spend Period”).
2. The Promo is exclusive to Power Mac Center (“PMC”) customers who are applying for a new-to-bank primary HSBC Red Mastercard/ Gold Visa/Platinum Visa Credit Card (“HSBC Credit Card”) within the Promo Period. These customers should have received an SMS or eDM (electronic mailer invitation) from PMC; or should’ve applied through PMC’s public website www.powermaccenter.com or official Facebook page and are led to HSBC Credit Card’s online application form. These applicants should be subsequently approved, and meet the following criteria (“Cardholder”):
· Must not have an existinng HSBC Credit Card or cancelled HSBC Credit Card within the past 6 months from the time of application
· Application must not be for an upgrade or card conversion
3. Under this Promo, the Cardholder shall be entitled to a cash rebate (“Welcome Gift”) upon reaching an accumulated straight or installment purchase at any PMC branches nationwide or PMC online store during the promo spend period using his/her newly approved HSBC Credit Card.
Card Type | Welcome Gift | Minimum Spend Requirement at Power Mac Center |
Red Mastercard Gold Visa | Php 2,500 cash rebate | Php 5,000 |
Platinum Visa | Php 5,000 cash rebate | Php 10,000 |
4. HSBC will extract from its system and identify Cardholders with qualified transactions and who have reached the Promo Spend requirement following the table below on extraction cut-off dates and the coverage of posted transactions:
| Extraction Dates | Coverage of Posted Accumulated Transactions* | Rebates Crediting |
|---|---|---|
| November 8, 2021 | October 15 to November 1, 2021 | November 12, 2021 |
| December 13, 2021 | October 15 to December 6, 2021 | December 17, 2021 |
| January 10, 2022 | October 15 to December 31, 2021 | January 14, 2022 |
| February 14, 2022 | October 15 to January 31, 2022 | February 18, 2022 |
| March 14, 2022 | October 15 to February 28, 2022 | March 18, 2022 |
* Transactions must be posted. Posting is done within 3-5 banking days after the transaction date.
5. Once the Cardholder meets the Promo Spend requirement for qualified transactions, the Cardholder will be credited the welcome gift during the corresponding crediting dates mentioned in the table above.
6. Crediting will only be done once per Cardholder for this promotion. The Cardholder will also be notified of the credited rebate via SMS to his/her mobile number as registered in HSBC’s records within three banking days.
7. Customers applying for Red Mastercard and Gold Visa Cashback shall also be entitled to waived annual fees for life.
8. In the event that the HSBC Credit Card becomes delinquent, suspended, cancelled or terminated during the rebates crediting date, the rebates will not be credited to the account.
9. The Cardholder agrees that the amount of the cash rebate shall be charged to his/her HSBC Credit Card account (“Cancellation Fee”) for any of the following instances:
a. if the HSBC Credit Card under this Promo is cancelled within 15 months from its approval date; and
b. if the transaction is found to be invalid.
10. The Cancellation Fee must be duly paid by the Cardholder before the HSBC Credit Card may be cancelled by HSBC.
11. The Welcome Gift is not convertible to cash or discount.
12. The promo cannot be availed of in conjunction with other ongoing HSBC Credit Card acquisition promos. All HSBC Credit Card applications shall be subject to HSBC’s final credit card approval and Credit Card Terms and Conditions.
13. All questions or disputes regarding the Cardholder’s eligibility for the Promo, coverage of transaction date and fulfillment shall be resolved by HSBC.
14. All questions or disputes regarding the products purchased at Power Mac Center shall be resolved by Power Mac Center.
DTI Fair Trade Permit No. FTEB-129125, Series of 2021