Not at all worth doing. It's not because it's "only"50 bucks, it's that you need 3k to do it. With such low interest rates you're losing money by putting that 3k into HSBC instead of in emigrant direct's savings accounts or even citibank's esavings account which offer much higher rates. These deals are great when the deposit is like 100 bucks or so because you usually get a great return on your deposit. I'm pretty sure HSBC requires you to have a daily minimum balance, so you can't immediately pull it out, if this isn't true it prolly is worth doing.
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