HSBC Premier Rewards Programme

1. Membership of the Programme is automatic for and open only to all Account Holders who are aged 18 years or over.
2. Account holders earn Points on the amount debited to their Account in euro for all Eligible Spending. Monthly account statements will show one (1) point for every €2.00 spent (including VAT) for euro transactions and five (5) points for every €2.00 spent (including VAT) for non-euro transactions of Eligible Spending. Points will be awarded for each separate transaction. Any amounts below €2.00, and any cents in respect of each transaction, will be disregarded and will not be accumulated to your total number of points.
3. Eligible Spending consists of goods or services purchased in Malta or abroad by Account Holders for their personal use and which are not returned or refunded.
4. Spending by your nominated Additional Cardholder on items covered in Clause 3 also counts as Eligible Spending.
5. The following items do not count as Eligible Spending:
   – interest or any other charges added to your statement;
   – cash advances including any cash related payments, including but not limited to cash withdrawals by means of an ATM, cash withdrawn over the counter, purchase of gaming chips, crypto currencies, traveller cheques, foreign currency and any transfer of funds from credit card accounts;
   – ATM transactions;
   – business related transactions, that is, transactions that are not considered by the Bank to be of a personal nature.
   – any card transactions made in respect of bets, casino gaming or other gaming or betting.
   
   These transactions do not thus generate any loyalty reward points under the HSBC Rewards Programme.
   The Bank reserves the right to immediately amend, rectify and deduct any Points already earned which do not constitute Eligible Spending in terms of clause 3 and 4.
6. The following information in relation to the Programme will appear on each monthly statement issued:
   – the total number of Points brought forward from the previous statement;
   – the total number of Points earned during the statement month;
   – the total number of Points redeemed during the statement month;
   – the total number of Points expired;
   – the total number of Points closing balance.

You will be eligible to receive Points from the date on which the Account opens or when Account Holder opens his Account, whichever is the latest.

Points are valid for up to two years from the month that they are first shown on your statement. After that, expired points will be deducted monthly on a first in, first out basis.

When redeeming your Points, we will deduct the Points earned in chronological order, in a way that the earliest accumulated Points will be redeemed first.

1. Points will automatically be redeemed for cash back when you reach 5000 points. For each 5000 points, €20 will be given in your credit card account.
2. Points earned cannot be transferred to another individual.
3. If your Account is closed, no further Points will be earned. We reserve the right to cancel any Points left on the account upon closure.

1. If the HSBC Premier Credit Card facility is withdrawn as a result of your breach of the terms of your card agreement with us, we will be entitled to deduct all the Points which you and any Additional Cardholders have earned leaving you with a nil Points total.
2. We may at our discretion change the number of Points you earn for your Eligible Spending or the period during which you must use your Points by giving you at least 30 days' notice in writing. Points not reaching the minimum balance points required for redemption will be lost. The change will take effect from the date stated by us in the notice.
3. Any income or other taxes and duties which may become payable are your responsibility and we make no representations regarding the current or future tax implications of earning or using the Points under the Programme.

The Bank may, at any time develop special promotions where Account Holders may earn Points under different conditions. Points given under these promotions will be referred to as Bonus Points and will have their conditions disclosed to the Account Holders.

1. We may terminate the Programme at any time by giving you at least 30 days' notice in writing.
2. Termination will take effect from the date stated by us in the notice. No notice period applies in those instances explained in clause 3 and 4 below.
3. We reserve the right to deduct all Points earned by you whilst your Account exceeds the agreed limit or payment is overdue. Once the position is regularised you will be able to earn Points as usual subject to Termination Clause 4 below. Any Points deducted during the period when the Account was not in order will not be refunded.
4. We reserve the right to immediately terminate or suspend your participation in the Programme and to deduct any Points you or any Additional Cardholder have earned if you have not observed these terms and conditions (including failure to meet eligibility criteria) or are in breach of your HSBC Premier Card Conditions of Use or any other agreement with us.
5. Should the Bank determine that the Programme is not being used by you (or any Additional Card Holder) for personal purposes, the Bank reserves the right to terminate your existing Proposition and/or switch your existing Proposition to another Programme at any time by giving you at least 60 days' advance notice in writing which would include advising you of the terms and conditions of the new Programme (if applicable). Switching would entail that all benefits and any credit limits enjoyed under your present proposition are revoked and new benefits and credit limits (if any) of the new Programme will apply. Otherwise the notification will advise that the Programme is being terminated and all benefits are considered as revoked.