10 % cashback on HSBC’s new VISA platinum credit card

While customer requirements are changing from time to time in this revolutionary world, customer benefits keep changing from time to time. The need for a speedy return is something a customer would expect with technology advancing from strength to strength.

In this context HSBC together with VISA International, for the first time, introduced a VISA Platinum Cashback credit card in Sri Lanka. The official launch of the card was held at the Cinnamon Grand in Colombo on Thursday.

The credit card offers 10 per cent cashback on supermarket items and fuel island-wide anytime on any day.

HSBC Sri Lanka, Country head for retail banking and wealth management, Nadeesha Senaratne, on the sidelines of the launch, told the Business Times that , “Cashback cards are common in the industry worldwide but this is the first time it has been introduced in Sri Lanka.” About 40 per cent of the time customers use the credit cards to buy everyday essentials at supermarkets and pump fuel. Unfortunately there is no consistent proposition, he added.

Mr. Senaratne elaborated that the 10 per cent cashback will be clearly mentioned in the monthly statement for each transaction made at any island- wide supermarkets or fuel stations.

During the l aunch Mr. Senaratne stated that Sri Lanka is witnessing the highest credit card span of all time while customer habits are changing and plastic money is growing rapidly.

With the new HSBC VISA platinum cashback card, customers will be entitled to cashback on all other spends up to 0.1 per cent on total spend, coupled with discounts up to 50 per cent at over 100 local merchant outlets ranging from shopping and dining to hotel stays and travel, plus over 250 offers at merchant outlets world-wide with the bank’s home and away privilege programme. Cardholders can also enjoy attractive interest rates for their installment plans from as low as 0 per cent at over 500 merchant outlets or as a quick loan on their credit card account.

First time users who sign up and spend with their new HSBC VISA platinum cashback card will receive an additional welcome offer up to Rs. 5,000 cashback upon spending Rs. 25,000 within the first two months.