HSBC launches bank’s first cashback credit card in Egypt

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HSBC has launched the bank’s first cashback credit card in Egypt, giving retail customers up to 3% 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, and 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 instalment plans of up to 24 months and 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, 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.” 

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

About HSBC Bank Egypt S.A.E:
HSBC Bank Egypt S.A.E. was established in 1982 as Hongkong Egyptian Bank S.A.E. and adopted its present name in April 2001 following an increase in shareholding by the HSBC Group from 40% to 94.5%.
HSBC Bank Egypt S.A.E. is one of the largest multinational banks operating in Egypt, providing a comprehensive range of banking and related financial services through a network of more than 62 branches and outlets in prominent cities in Egypt.