HSBC Revolution Credit Card Review (2023): For Low Spenders Who Want Flexible Rewards

Earn up to 10,000 bonus points (or 4,000 miles) every month and redeem, air miles, cashback, vouchers and products.

Love earning bonus rewards points but can’t seem to find anything worth redeeming your points for? Well, with the HSBC Revolution Credit Card, this won’t likely be a problem.

That’s because you’ll have plenty of choice in where to put your points. Choose from everyday treats like Starbucks vouchers or popular lifestyle products from Dyson and other leading brands. Redeem air miles at the dizzying rate of up to 4 miles per S$1 spend (4 mpd), or simply use them to offset your bills with 2.5% cashback. 

Intrigued? Here’s a closer look at the HSBC Revolution credit card.

Table of contents

• Overview: HSBC Revolution Credit Card
• HSBC Everyday+ Rewards
• Reasons to get the HSBC Revolution Credit Card
• Other ongoing HSBC promotions
• Eligibility, fees & charges
• Should you get the HSBC Revolution Credit Card?

What the HSBC Revolution Credit Card can do for you

HSBC Revolution Credit Card product summary:

• 10X Rewards Points / 4 mpd for online payments (including food deliveries, groceries, online shopping and travel)
• 10X Rewards Points / 4 mpd for mobile contactless payments through Visa PayWave, Apple Pay and Google Pay
• 1X Rewards Point / 0.4 mpd for all other spending
• Virtual card for payment using your mobile phone or compatible wearables
• No annual credit card fee ever
• Minimum income requirement: S$30,000 per year for Singaporeans/PRs, S$40,000 for self-employed, PR or foreigners

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. 

Why should you choose the HSBC Revolution credit card?

#1: Great way for low spenders to generate air miles

The HSBC Revolution credit card gives you 10x points per dollar spent, which is equivalent to 4 air miles per dollar. However, you can only earn 10x points on the first S$1,000 you spend each month (anything after only awards 1x point per dollar).

In other words, if you spend S$1,000 per month, you can earn 4,000 air miles each time. In contrast, with an air miles card that awards, say, 1.2 miles per dollar, you’ll need to spend over S$3,300 to earn 4,000 air miles. 

Hence, if your monthly credit card spend doesn’t usually exceed S$1,000, yet you’re looking to collect air miles for the glorious day when we can travel again, the HBC Revolution credit card is the better way to do it. 

Just remember to redeem your points for air miles before they expire in 36 months, and you’re golden.

#2: Easy and convenient way to earn reward points

The HSBC Revolution credit card has a generous selection of qualifying transactions, making it easy and convenient to earn reward points.

Basically, transactions that are conducted over the Internet or via contactless payments are eligible for 10x points per dollar spent. If you think about it, this practically covers most, if not all, financial transactions in our daily lives. 

Whether you’re ordering dinner on your favourite food delivery app, shopping online, or having a post-lunch bubble tea, just pay online or contactlessly – with Visa PayWave, Apple Pay or Google Pay – and watch those points roll in. 

You can even opt to use the virtual card to pay through your mobile phone or Apple Watch (and compatible wearables), so you don’t even need to have your card with you to earn your rewards.

#3: Multiple ways to use rewards points

There are three ways you can put your rewards points to work for you.

The first is to convert them into air miles, which you can redeem for free flights, upgrades and such. You can do so at a rate as high as 4 miles per dollar (see #1.)

Another way to derive value from your credit card spends is via HSBC’s Pay With Points programme. This allows you to use your rewards points to offset your bill, starting with 4,000 points for S$10, and 400 points for S$1 thereafter. This is equivalent to a cashback rate of 2.5%.

And the third option to use your rewards points is simply to redeem them for lifestyle rewards, including products, gadgets and vouchers - available on the HSBC Rewards Redemption page. 

#4: Complimentary travel insurance for cardmembers and family members

If you’re booking a trip with the HSBC Revolution credit card, you and your immediate family members will be entitled to complimentary travel insurance worth S$300,000. 

This cover is automatically extended as long as you charge the full cost of the travel tickets for all eligible parties to your credit card. 

The plan offers benefits for both personal accidents as well as flight inconvenience.

What promotions are there for the HSBC Revolution Credit Card?

What charges or fees should you look out for?

• Effective Interest Rate: 26.9% per annum
• Late payment fee: S$55 per statement 
• Minimum monthly payment: 3% of outstanding balance, or S$50, whichever is greater
• Overlimit fee: S$40
• Cash advance fee: 6% of amount withdrawn, or S$15, whichever is greater
• Cash advance interest rate: 28% p.a.
• Foreign currency transaction fee: 2.25%
• Annual mileage programme fee: S$43.20
  
  

Eligibility criteria

• At least 21 years old
• Annual income requirement for Singaporeans/PRs: S$30,000
• Annual income requirement for Foreigners/Self-Employed: S$40,000

How to apply?

Click on the ‘Apply Now’ button on this page and complete the application form on the SingSaver site. You will need to prepare the following documents for the application process:

• Front and back of NRIC/Passport/Employment Pass/Proof of billing address
• Salaried employees: Past 12 months' CPF statement (Singaporean/PR), latest Income Tax Notice of Assessment via Myinfo, and latest 3 months' original computerised payslip
• Self-employed: Past 12 months' CPF statement and latest Income Tax Notice of Assessment
  • Latest 1 year's Notice of Assessment only required if the above is not available

Should you get the HSBC Revolution Credit Card?

In a nutshell, the HSBC Revolution credit card is best suited for low, consistent spenders who want flexibility in their credit card rewards or earn up to 4 miles per dollar spend – one of the highest miles earn rates on the market.

💡 For comparison, the DBS Altitude Visa Card and Citi PremiereMiles Card only earns 1.2 mpd on local spend and 2 mpd on foreign spend. Other credit cards yielding 4 mpd include DBS Woman's World Card and Citi Rewards Card. 

If you’re regularly spending around S$1,000 per month in online and contactless transactions, you’ll be well placed to gain optimal rewards with this card in your collection.

• HSBC TravelOne
• Citi Rewards
• DBS Woman's / Woman's World

Apply Now

Local spend	1.2 miles per S$1 spend
Foreign spend	2.4 miles per S$1 spend
Airport lounge access	4 visits per year
Travel insurance	Up to US$100,000 coverage
Perks ⭐	5 free supplementary cards No conversion fee for miles or hotels points (until 31 Dec 2023)

Apply Now

Miles earn rate ✈️	10X Rewards Points / 4 mpd on: Online spend and shopping purchases Ride-hailing apps (e.g. Gojek, Grab) Online food delivery Online groceries 0.4 mpd on all other spend
Bonus points cap	9,000 bonus points per month / S$1,000 spend per month
Base points cap	None
Travel insurance	Up to S$1 million coverage
⭐ 10X Rewards Points are rounded down to the nearest value

DBS Woman's Card Apply Now

DBS Woman's World Card Apply Now

 

	DBS Woman's Card	DBS Woman's Wold Card
Miles earn rate ✈️	4 mpd on online spend 0.4 mpd on all other spend	4 mpd on online spend 1.2 mpd on foreign spend 0.4 mpd on all other spend
e-Commerce protection	Yes	Yes
Spend cap	S$1,000 online spend per month	S$2,000 online spend per month
Other perks ⭐️	Extra 5% cashback on overseas shopping and dining

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