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Saturday, October 30, 2010

$500 Apple Gift Cards or Nikon Coolpix with HSBC Premier Checking

Before you get too excited, you must have $100K to be deposited into HSBC Premier Checking for 6 months. Yes, a minimum qualifying balance of $100,000 to select your choice of a $500 Apple® Gift Card, a Nikon Coolpix S4000 or 40,000 HSBC Premier World MasterCard® Reward Points.

Here's the math over 6 months:

If you could have $100k into four 3% rewards checking accounts, you will earn $1500

This account only gives you 0.01% = $5

Probably best to put the $100K somewhere else. LOL.

From the website:

Offer(s) valid when you begin a new personal Premier relationship in the United States funded in new money from September 20, 2010 to November 19, 2010. To qualify for HSBC Premier status, you need to open a Premier Checking Account and maintain $100,000 in combined U.S. personal deposit and investment balances. Business owners may use their commercial balances to qualify for a personal Premier relationship, but these balances cannot be used to meet the new money requirements. With a minimum qualifying balance of $100,000, select your choice of a $500 Apple® Gift Card, a Nikon Coolpix S4000 or 40,000 HSBC Premier World MasterCard® Reward Points. With an initial qualifying balance of $50,000 or more, select your choice of a Nikon Coolpix S4000 or 20,000 HSBC Premier World MasterCard® Reward Points. Offer(s) not valid for existing HSBC Premier Clients regardless of what other non-Premier Accounts they have or how they are listed on account titles. New money is defined as funds or positions not previously held by any member of the HSBC Group over the past six consecutive months. For qualifying customers upgrading to Premier, new money must be in addition to existing deposit and investment balances as of the close of business on September 17, 2010 ("Existing Balances"). Premier relationship in the U.S. must remain open; new money and Existing Balances must remain on deposit for a minimum of six months or value of gift, with the exception of Reward Points, will be deducted from account proceeds if time requirement has not been met. A monthly maintenance fee of $50.00 will be incurred if minimum balance requirements are not maintained. You have up to 90 days after account opening to meet the full $100,000 balance requirement. The Annual Percentage Yield (APY) and balance for a Premier Checking Account which is accurate as of 10/26/2010 is 0.01% APY on balances of $5.00 or more. APY is variable and subject to change after opening. Charges and fees may reduce earnings. Qualified Premier Clients will be notified via mail within 90 days of account opening; notification will include instructions for redeeming gift of choice. Eligibility requirements may apply for some gift choices. Gift photos for illustration purposes only. Appearances of actual gifts may vary. Limit one gift per eligible new Premier relationship. This offer cannot be combined with any other offers or promotions, is nontransferable, good while supplies last. Any gift not chosen by February 28, 2011 will be forfeited. The cost of the gift, with exception of Reward Points, will be reported on IRS Form 1099.


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