HSBC Gold Visa Cashback is a great card for foodies. Your endless lists of “what to eat” and “where to eat” are a perfect match for this cashback credit card that offers 5% cashback on dining transactions.
The 5% cashback rate is quite enticing. Not to mention the 0.50% cashback on other spending categories.
You also earn 1 reward point for every P20 spend. For your accumulated points, you can redeem e-gift certificates, merchandise, annual fee waivers, and more.
Let’s take a look at the key features of this card to make sure that it’s the right one for you.
HSBC Gold Visa Cashback Terms and Conditions
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How does HSBC Gold Visa Cashback work?
HSBC Gold Visa Cashback is ideal for people who like to spend on dining, typically working professionals living in the metro who prefer to dine out after work or on weekends.
If you have children who are going to school, this card is a good option because of its 1% cashback for back-to-school purchases (department stores transactions).
Aside from the 5% cashback that is automatically credited to your account, HSBC also offers one of the lowest rewards point multipliers. You earn 1 reward point for every P20 spend.
You can exchange your rewards points for e-gift certificates, Lazada e-wallet credits, and merchandise items such as rice cookers, oven toasters, and tower fans, just to name a few.
If you’re feeling generous, you can use your points and donate to ChildHope Asia Philippines or World Wildlife Fund.
When you browse the Rewards Catalogue, you will find that there are only limited options.
But for merchandise items, you can redeem them at participating Automatic Centres, SM Department Stores, and Rustan’s Department Stores.
For dining transactions, you have a maximum cashback of P1,200 per calendar month. Keep in mind that there are terms and conditions, so make sure you read the fine print before you treat the whole gang at that fancy buffet lunch.
Single-receipt purchases, foreign currency and online transactions are eligible transactions for the cashback. So whether you’re celebrating your birthday with a buffet at Yakimix or travelling to Singapore to indulge in your favourite laksa, this card is a good choice.
Here’s a rundown of the cashback rate you can earn with the HSBC Gold Visa Cashback card. Take note of the period to make sure you get the cashback.
| Cashback Category | Cashback Rate | Period |
| Dining | 5% | January-December |
| Back to School (Department Store transactions) | 1% | May-August |
| Overseas | 1% | January, April, May, and December |
| Other Transactions | 0.50% | January-December |
Another unique feature of this card is that you also get a 6% fuel rebate on your first Caltex fuel purchase at participating stations and 3% fuel rebate after that all year round.
In a nutshell, it’s a cashback credit for your dining, fuel, and back-to-school purchases. It’s ideal for families of about 4-5 members, or even a professional living in the metro with a steady flow of income who also owns a car.
What can you redeem from HSBC Gold Visa Cashback credit card?
As mentioned earlier, you only have limited options when it comes to HSBC Gold Visa CashbackRewards Program.
These are some of the rewards that you can redeem from the Rewards Catalogue.
| Reward | Points to Redeem |
| Zalora e-Gift (P200) | 4,000 points |
| Lazada E-wallet Credit (P200) | 4,000 points |
| ChildHope Asia Philippines Donation (P250) | 5,000 points |
| World Wildlife Fund (P250) | 5,000 points |
| Thermos Hydration Bottle 0.75L DCC700 | 5,800 points |
| Dowell Flat Iron – DI-741NS | 6,400 points |
| Thermos Travel Mug 450ML DFR1000 | 7,000 points |
| SM Gift Certificate (P500) | 10,000 points |
| Rustan’s Department Store Gift Certificate (P500) | 10,000 points |
| Imarflex Hair Dryer HD-1600 | 11,300 points |
| Primary Card Annual Fee Waiver | 50,000 points |
| Omron Blood Pressure Monitor Arm Type HEM-7120 | 50,000 points |
| Tefal Blender BL142A | 65,000 points |
The info above is based on the Gold Visa Rewards Catalogue website at the time of writing this article.
Other option to HSBC Gold Visa Cashback – BPI Amore Visa for Dining Perks and Rebates
Upon checking the best dining credit cards in the Philippines, the contender for the HSBC Gold Visa Cashback is the BPI Amore Visa.
This card is the only dining credit card in the Philippines that offers a 4% rebate for every P1,000 at BPI-affiliated restaurants and establishments at Ayala Malls. There’s a maximum cap of P15,000 per calendar year.
You can also use your accumulated rewards points (1 reward point = P35) in exchange for dining treats via Real Thrill Rewards.
What do you think of the key features of HSBC Gold Visa Cashback? Do you think it will help you manage your dining expenses?