Every spending situation is unique. SingSaver assembles the 'Best For' list, so you can decide what’s best for you.
Thinking about snagging an HSBC credit card soon? Take a look at our four best HSBC sign-up promos running on SingSaver now!
10X Rewards Points / 4 mpd / 2.5% cashback: HSBC Revolution Card
Up to 3.5% cashback with no min. spend: HSBC Advance Credit Card
5% cash rebate on dining, groceries, and fuel: HSBC Visa Platinum Card
1.2 mpd on local spend & 2.4 mpd on foreign spend: HSBC TravelOne Card
By now, HSBC is a regular name in the credit card game – particularly in the miles scene. With popular miles cards like HSBC Revolution Card offering up to 4 miles per S$1 spend, it’s not difficult to see why.
On top of that, its cashback credit cards are also a force to be reckoned with – catering cash rebates from all spend to targetted categories. For instance, the HSBC Advance Credit Card rewards up to 3.5% cashback on all eligible transactions with no minimum spend whereas the HSBC Visa Platinum Credit Card rewards up to 5% cashback on family expenses.
If any of these HSBC cards sound right up your alley, then keep on reading to see what these cards have to offer as well as the exclusive HSBC credit card promotions and deals we currently have ongoing!
Table of contents
- Overview: Best HSBC Credit Cards in Singapore 2023
- Best HSBC credit card for online and mobile contactless spend
- Best HSBC credit card for fuss-free spending
- Best HSBC credit card for family expenses
- Exclusive HSBC credit card deals and promos on SingSaver
- Other HSBC products and services: HSBC Everyday+ Rewards, HSBC Personal Loan, HSBC Premier
Overview: Best HSBC Credit Cards in Singapore 2023
Note: “XX mpd” refers to “XX miles per S$1 spend”.
Credit card
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Key benefits
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Ongoing promotion
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HSBC Revolution Card
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10X Rewards Points (4 mpd) on online and mobile contactless spend
Bonus rate capped at S$1,000 monthly spend
No annual fee
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asd HSBC Credit Card Welcome Gift: For HSBC TravelOne Card Only: Receive 20,000 miles (equal to a round trip to Bali) when you make a min. spend of S$1,000 within the qualifying spend period, pay the annual fee (S$194.40 incl. GST) and provide marketing consent when you apply. Valid till 31 December 2023. T&Cs apply. |
HSBC Advance Credit Card
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Up to 3.5% cashback on all eligible spend
Base cashback capped at S$70 per month
Bonus cashback capped at S$300/S$500 per month
1-year annual fee waiver
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HSBC Visa Platinum Card
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5% quarterly cash rebate on dining, groceries, and fuel
1 Reward Point per S$1 on retail spend
Additional 1% HSBC Everyday+ cashback with HSBC Everyday Global Account
Min. S$600 monthly spend
Quarterly cashback capped at S$250
No annual fee
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HSBC TravelOne Card
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3X Rewards Points (1.2 mpd) on local spend
6X Rewards Points (2.4 mpd) on foreign currency spend
4 complimentary airport lounge access per year
Over 20 travel partners by end of 2023:
Air France/KLM, airasia, British Airways, Cathay Pacific, Etihad Airways, EVA Air, Qantas, Singapore Airlines, Vietnam Airlines, Accor Live Limitless, IHG One Rewards, Marriott Bonvoy, and more
Up to US$100,000 complimentary travel insurance coverage
No conversion fee (Valid till 31 Dec 2023)
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HSBC TravelOne Card Welcome Gift: Receive 20,000 miles when you make a min. spend of S$800 within the first month of card approval and annual fee payment. Valid till 31 August 2023. T&Cs apply. |
Best for online and mobile contactless spend: HSBC Revolution Card
By now, most would be familiar with the cult favourite miles card, the HSBC Revolution Card.
But for the uninitiated, it’s one of the best miles credit cards you should get your hands on – especially our chronic online shoppers and “I-don’t-bring-cash-out, I-pay-for-everything-by-phone” fiends.
Why? Just for the very simple fact that it rewards cardholders with up to 10X Rewards Points (4 mpd) on eligible online and mobile contactless spend. Eligible categories include dining, travel, retail, and groceries – so basically, everyday spend plus travel. 😋
All other retail spend (e.g. tapping credit card directly) will earn 1X Rewards Point (0.4 mpd) only.
So in essence, the 10X Rewards Points or 4 mpd is broken down as such:
- 1X Base Rewards Point (0.4 mpd)
- 9X Bonus Rewards Points (3.6 mpd)
This rebate rate is capped at S$1,000 spend (10,000 points) per calendar month, so once you exceed this limit, you’ll no longer earn the bonus 9X Rewards Points (3.6 mpd). Instead, any amount above S$1,000 will revert to the base 1X Rewards Point (0.4 mpd).
And we almost forgot to mention the best part: there are no annual fees, like ever.
💡 Pro-tip: Other 4 mpd credit cards are DBS Woman’s World, Citi Rewards, and UOB Preferred Platinum Visa.
Read our full HSBC Revolution Card review here.
Best for fuss-free spending: HSBC Advance Credit Card
Typical unlimited cashback cards offer between 1.5% to 2% cashback on all spend, but with the HSBC Advance Credit Card, it’s different. How so?
Well, the HSBC Advance Credit Card offers up to 3.5% cashback on eligible transactions with no minimum spend. It also adopts a blacklist approach to qualifying merchants, so as long as your transaction doesn’t fall under a merchant exclusion it’s fair game.
The only caveat is that there are some minor conditions in order to cap out its cashback. For clarity, its 3.5% cashback consists of 2.5% base cashback and 1% additional HSBC Everyday+ cashback.
Its base cashback can be further broken down into:
Monthly spend
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Base cashback
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Maximum cashback cap per calendar month
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S$2,000 and below
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1.5%
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S$70
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Above S$2,000
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2.5%
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So yes, unfortunately, the HSBC Advance Credit Card’s base cashback is limited. So regardless if you spend under or above S$2,000, your cashback will be capped at S$70 per calendar month.
But wait, what about the additional 1% cashback? To earn that, you’ll need to open an HSBC Everyday Global Account and complete two steps:
- Deposit a minimum of S$2,000 fresh funds (or S$5,000 for HSBC Jade or Premier customers) per month
- Perform 5 eligible transactions per month
And voila! You’ve just earned yourself an extra 1% HSBC Everyday+ cashback. And best of all, it has a higher cashback cap of S$300 (or S$500 for HSBC Jade or Premier customers) per calendar month.
This effectively brings your total cashback cap to S$600 or S$800 depending on your savings account tier and bonus interest.
Overall, the HSBC Advance Credit Card is ideal for satisfying big-ticket purchases like wedding expenses and home renovation costs.
Read our full HSBC Advance Credit Card review here.
Read more:
How to Maximise Miles Earned on Big Ticket Spending
How to Save Thousands of Dollars on Home Renovation in Singapore
Money Confessions: We Blew Our Wedding Budget by S$30,000
Best for family expenses: HSBC Visa Platinum Card
If you’re a DINK (dual-income-no-kids) couple, you might want to look at the two previous credit cards. But if you’re the opposite with a couple of kids in tow, the HSBC Visa Platinum Card might be your saving grace for family expenses.
Apart from looking like an HSBC Revolution darker grey knockoff, the HSBC Visa Platinum Card is a decent cashback card offering 5% quarterly cash rebate on eligible dining, grocery, and fuel transactions with a minimum S$600 monthly spend.
The only downside is that you’ll need to hit this monthly spend for at least three consecutive months in order to qualify for the cashback. Furthermore, cashback is capped at S$250 per quarter.
💡 Pro-tip: This is a comparable cashback rate to the POSB Everyday Card (5% on Sheng Siong groceries).
Besides that, similarly to the HSBC Advance Card, you can also earn an additional 1% HSBC Everyday+ cashback with the HSBC Everyday Global Account. To reiterate, you’ll have to:
- Deposit a minimum of S$2,000 fresh funds (or S$5,000 for HSBC Jade or Premier customers) per month
- Make 5 eligible transactions per month
Additional cashback is capped at S$300 per calendar month (S$500 for HSBC Jade or Premier customers).
But that’s not all. This credit card adds a unique twist to the cashback formula by offering 1X Reward Point per dollar on eligible shopping. With that, you’ll gain access to over 1,000 HSBC ENTERTAINER deals and be able to redeem more fun perks and experiences for your little ones.
Also, if you’re the household’s designated chauffeur, treat yourself to up to 17% fuel savings at Shell and Caltex kiosks. Hopefully, that’ll ease your driving woes a little.
And as the cherry on top, there are no annual fees whatsoever.
Read more:
Best Petrol Credit Cards in Singapore (2023)
Best Rewards Credit Cards in Singapore (2023)
Maybank Family & Friends Card Review (2023)
Credit Card Comparison: UOB One vs HSBC Visa Platinum vs Citi Cash Back
Best for the global traveller: HSBC TravelOne Card
HSBC TravelOne Welcome Gift: Receive 20,000 miles (equal to a round trip to Bali) when you make a min. spend of S$1,000 within the qualifying spend period, pay the annual fee (S$194.40 incl. GST) and provide marketing consent when you apply. Valid till 31 December 2023. T&Cs apply.
Still in the midst of planning your June holidays, or maybe even for the year-end holidays already? 😏 For those in need of a swanky, brand new travel card, look no further than HSBC's newest miles credit card launch – the HSBC TravelOne Card.
It took the market by storm with its impressive array of hotel and airline partners like Accor Live Limitless, IHG One Rewards, Marriott Bonvoy, British Airways, Cathay Pacific, Singapore Airlines, and counting!
💡Fun fact: It currently works with the most travel partners out of any miles card and even promises more than 20 partners by the end of 2023!
Additionally, cardmembers are entitled to 4 complimentary airport lounge access
But if that's not convincing enough, it earns 3X Rewards Points (1.2 mpd) on local spend and 6X Rewards Points (2.4 mpd) on foreign currency spend. In contrast to the HSBC Revolution, the HSBC TravelOne follows a merchant blacklist approach; so as long as your transaction doesn't fall under its MCC exclusions, it's as good as gold!
You can even apply for up to five supplementary cards with lifetime annual fee waivers. Basically, you and your entire family are settled for life.
Exclusive-to-SingSaver: HSBC credit card sign-up promos
Thinking of trying out any of these HSBC credit cards? Be sure to make use of these sign-up promotions to enjoy rewards!
HSBC Credit Card Welcome Gift:
For HSBC TravelOne Card Only: Receive 20,000 miles (equal to a round trip to Bali) when you make a min. spend of S$1,000 within the qualifying spend period, pay the annual fee (S$194.40 incl. GST) and provide marketing consent when you apply. Valid till 31 December 2023. T&Cs apply.
For Other HSBC Credit Cards: Receive a Samsonite ZELTUS 69cm Spinner Exp with built-in scale (worth S$680) or S$150 cashback when you make a min. spend of S$1,000 by the end of the following calendar month from the card account opening date and provide marketing consent. Valid till 31 December 2023. T&Cs apply.
Other HSBC products and services to consider
Now, we’ve covered a lot on HSBC credit cards and even the HSBC Everyday Global Account to earn that sweet 1% extra cashback. But what about other HSBC products and services like HSBC Everyday+ Rewards, HSBC Premier, and HSBC Personal Loan? Are they any good?
HSBC Everyday+ Rewards
From 1 May to 31 October 2023, HSBC will be running the Sure-Win Promotion as part of the Everyday+ Rewards programme.
There are 18,000 prizes to be won, with 10,000 Grand Lucky prizes including Oscar’s Buffet Lunch for 2 at Conrad Hotel, NTUC and Takashimaya vouchers, and one night stay at Centennial Suite with Executive Floor benefits and breakfast for 2.
On top of a 1% cashback on qualifying credit card transactions, HSBC EGA holders will earn 1% bonus interest on incremental SGD balances.
To qualify for the Sure-Win Promotion, HSBC customers will need to maintain the respective minimum balances and make 5 eligible transactions on the account.
Personal Banking
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Premier Customers
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Eligible Cards
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Any HSBC credit card or EGA debit card
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Any HSBC credit card or EGA debit card
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Minimum EGA Deposit Per Month
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S$2,000
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S$5,000 (Premier & Jade)
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Bonus Interest
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1% on Incremental SGD Balances
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1% on Incremental SGD Balances
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Cashback
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1% on 5 eligible transactions
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1% on 5 eligible transactions
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Minimum Transactions Per Month
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5
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5
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Qualifying Transactions
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Make 5 eligible transactions
(Can be a combination of the following):
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Make 5 eligible transactions
(Can be a combination of the following)
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Cap
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S$300 Bonus Interest + S$300 Cashback = S$600
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S$300 Bonus Interest + S$500 Cashback = S$800
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Crediting Time
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By end of following month
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2 - 14 business days
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HSBC Everyday Global Account Welcome Gift: Enjoy up to S$2,030 in rewards when you sign up for an HSBC Everyday Global Account and complete offer bundles with HSBC credit card, investment, and life insurance products. T&Cs apply.
HSBC Premier
Well, if you’ve read our above credit card entries, HSBC Premier has popped up a few times in relation to earning more cashback with an HSBC Everyday Global Account and an eligible HSBC credit card – but we haven’t exactly gone into detail.
Basically, HSBC Premier is an elite service that provides a wide variety of privileges to members as seen in the following:
- Dedicated HSBC Premier Relationship Directors to curate and tailor wealth management solutions, including legacy planning and tax advisory
- Prioritised services and preferential pricing on selected HSBC products
- Gain access to HSBC Global Private Banking wealth insights and events
- Unlock exclusive range of Premier rewards, offers, and partnerships
- Unlock access to HSBC Concierge Services internationally
- Premier status for spouse and up to three children (aged 12 to 30) with no minimum Total Relationship Balance requirement
How to apply for HSBC Premier in Singapore (For new-to-HSBC customers) |
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Method #1
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Step #1: Open an HSBC Everyday Global Premier Account
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Step #2: Deposit a minimum Total Relationship Balance of S$200,000
Or
Credit a minimum salary of S$15,000 into account
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Method #2
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Apply for an HSBC home loan of either:
- Singapore property loan of at least $800,000 - Australian property loan of at least AUD$200,000 |
Method #3
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Speak with relationship manager if already an HSBC Premier customer in another country/region
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So if you’re looking to elevate your banking experience, the HSBC Premier is one way.
Read our full HSBC Premier Banking review here.
HSBC EGA (Premier) Welcome Gift: Get up to S$12,000 wealth rewards when you invest in eligible HSBC wealth products, T&Cs apply, and enjoy 3.45% p.a. on 4-month SGD Time Deposits. T&Cs apply.
Additionally, manage your wealth and invest with HSBC. Stand a chance to win your share of up to 3,000,000 KrisFlyer miles in the HSBC Wealth Mega Air Miles Lucky Draw. Valid till 31 December 2023. T&Cs apply.
HSBC Personal Loans
While everyone has a different reason for applying for personal loans, there isn’t really any shame in borrowing money out of necessity or funding an upcoming big expense. That said, HSBC’s personal loan is known for offering one of the lowest interest rates at 4.0% p.a. (EIR 7.5% p.a.) with zero processing fee over a tenure of 1 to 7 years.
💡 If you’re an existing HSBC Premier customer, you’ll get a better promo rate of 3.4% p.a. (EIR 6.5% p.a.).
What’s more, sign up now and be entitled to up to S$3,000 cashback. This is subject to a minimum approved loan amount of S$10,000 and tenure of at least 3 years.
Personal Line of Credit Instalment Plan Promo
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Cashback earned on approved loan amount
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Base cashback
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1%
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Additional cashback (Digital exclusive)
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0.5%
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Total cashback
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Up to 1.5% or S$3,000
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Read our full HSBC Personal Loan review here.
SingSaver Exclusive Promotion: Receive an Apple iPhone 14 Pro 256GB (worth S$1,836) or an Apple iPad Pro 11" WiFi 128GB (worth S$1,260.25) or an Apple iPad 10th Gen 64GB + AirPods Pro 2nd Gen Bundle (worth S$1,047.65) or a PlayStation® 5 Digital Edition (worth S$699) or a Nintendo Switch OLED (worth S$549) or S$50 cash via PayNow when you get approved for a loan of min. S$10,000 with tenure of 3 to 5 years. Valid till 1 October 2023. T&Cs apply.
Read these next:
Credit Card Promotions: Exclusive on SingSaver (2023)
Best Credit Card Strategies to Maximise Your Miles For the Year Ahead
Cashback vs Miles vs Rewards: Which is the Best Credit Card?
Your Go-To Personal Loans Guide in Singapore
Best Personal Loans to Ease Cashflow in Singapore (2023)
Normal Banking vs Priority Banking: Which Should I Choose?
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