More about the promotion:
HSBC is giving away 2,000 Olympus digital camera*, just so you can capture all those priceless moments! All you have to do is spend a minimum of S$3,000 on your HSBC credit card from 1 November to 31 December 2008 and simply SMS in between 5 January 2009, 9am and 11 January 2009, 11.59pm to redeem this festive giveaway.
However!!
Under the terms and conditions, one of the clause is :
Eligible purchases include retail purchases, online and foreign purchases, cash advance and recurring payment for 0% IPP; excluding cash advance, fund transfers, financial charges, late charges, fees, tax payments and outstanding balances.
Apparently i think they made a typo here, because for the other credit cards, cash advance is allowed as an 'eligible purchase'
Therefore..i was thinking...what if you made a cash advance of $3000 and return it back as soon as possible. Incurring only the cash advance fee of 5%, which is $150, means you ideally pay $150 for the camera.
However if you are going to spend $3000 over the Christmas season anyway, then forgot about trying to use the cash advance method to chalk up a spending of $3000..
Camera info: http://www.olympusimage.com.sg/products/compact/fe_series/fe360/Rough worth of camera : http://cgi.ebay.com.sg/Olympus-fe360-FOC-gifts-for-sale_W0QQcmdZViewItemQQitemZ320310837706
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