HSBC launches its first cashback credit card in Egypt

HSBC has launched its first cashback credit card in Egypt, giving retail customers up to 3 percent  cashback on everyday purchases.

The HSBC Visa Platinum Cashback Credit Card includes a host of additional benefits from Visa Platinum, including access to 25 airport lounges worldwide. It also provides over 9,000 ‘Buy 1 Get 1 Free’ offers in Egypt and abroad via the free ENTERTAINER app.

In addition to cashback being credited automatically each month, cardholders can select installment plans of up to 24 months. At the same time, users will be able to access competitive interest rates for big purchases, or when they need a bit of extra cash.

Nesreen Hafez, Acting Head of Wealth and Personal Banking at HSBC Egypt, said, “Customers told us they wanted greater flexibility in the way they earn and redeem rewards, and we listened. The HSBC Visa Platinum Cashback Credit Card is a unique proposition in Egypt, giving customers the freedom to use their rewards as they see fit.”

“Visa is delighted to partner with HSBC to launch the HSBC Visa Platinum Cashback Credit Card,” said Malak El Baba, Visa’s Country Manager for Egypt, “This product is tailored to the evolving needs of its Egyptian cardholders, and we look forward to growing our partnership with HSBC by developing more innovative digital payment products and enabling the bank to deliver secure, frictionless, and rewarding payment experiences our Visa cardholders increasingly expect and deserve.”

The HSBC Visa Platinum Cashback Credit Card complements the existing HSBC Credit Card suite, and gives customers a greater variety of payment options to suit their individual needs.