HSBC Revolution Credit Card
0.4 - 4 miles / dollar
The new-and-improved HSBC Revolution: Earn up to 8 mpd on dining, shopping, travel and more
Updated: 5 May 2026
Written byAaron Wong
The Milelion
It’s been an exciting nine months for HSBC Revolution cardholders, starting with the launch of the Revo Up promotion in July 2025. This offer temporarily restored bonuses for travel and contactless spending, and boosted the monthly bonus cap by 50% to S$1,500.
That promotion ended on 31 March 2026, but HSBC has replaced it with something even better: a permanent reinstatement of bonuses for travel and contactless spending, complimentary travel insurance, and an enhanced earn rate of up to 8 mpd for HSBC Everyday Global Account (EGA) customers.
This makes the HSBC Revolution an excellent choice for dining, shopping, travel and transport, and the best part of all? There’s no annual fee to worry about, ever.
HSBC Revolution now earns up to 8 mpd on bonus categories
From 1 April 2026, the HSBC Revolution will earn up to 8 mpd on bonus categories for cardholders who maintain a minimum average daily balance (ADB) of S$50,000 in a sole HSBC EGA SGD account. This is capped at S$1,200 per calendar month.
Cardholders who do not meet the EGA requirement can continue to earn up to 4 mpd on bonus categories, capped at S$1,000 per calendar month.
|
Meet EGA Requirement |
Do not meet EGA Requirement |
|
|
Earn Rate on Bonus Categories |
8 mpd |
4 mpd |
|
Monthly Bonus Cap |
S$1,200 |
S$1,000 |
It’s important to understand that your status can vary from month to month. In months where the ADB is above S$50,000, your HSBC Revolution will earn 8 mpd on bonus categories with a S$1,200 bonus cap. In months where it’s below, your HSBC Revolution will earn 4 mpd on bonus categories with a S$1,000 bonus cap.
Bonus categories refer to online or contactless (in-person transactions where you tap your physical card, or the digitised version in your mobile wallet to pay) spending in the following categories:
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Dining: Restaurants, cafes, bakeries, bars
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Shopping: Department stores, duty-free stores, bags, shoes, clothes, jewellery, pharmacies, book stores, luggage stores, florists
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Transport: Grab, Gojek, taxi rides
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Membership Clubs: Gym memberships
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Travel: Air tickets, car rentals, hotels, cruise liners
This covers a wide range of everyday spending categories, though there are some potential pitfalls to highlight:
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Dining does not include MCC 5814 (Fast Food), which is how food delivery platforms like Grab and Foodpanda sometimes code
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Travel does not include MCC 4722 (Travel Agencies), so don’t use this card for activities booking platforms like Klook, KKday and Pelago
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Travel also does not include MCC 7512 (Auto Rentals), which is used by some smaller car rental agencies
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Transport does not include SimplyGo bus or MRT rides, nor does it include MCC 5541 (Petrol Stations)
There’s no doubt in my mind that 8 mpd is an excellent earn rate- double the 4 mpd that is usually offered on other specialised spending cards. If you max out the bonus cap each month, you’ll earn 115,200 miles, enough for round-trip Business Class ticket to Japan or South Korea.
Of course, you’ll want to ensure that you’re earning a decent rate of return on the funds in the EGA, by participating in the various monthly bonus interest promotions.
Complimentary travel insurance restored
The HSBC Revolution has restored its complimentary travel insurance policy, after previously removing it in April 2025.
Coverage will be provided to cardholders who purchase air tickets with their credit card, or redeem air tickets with their miles, and use their credit card to cover the taxes and surcharges.
The policy includes the following coverage:
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Emergency medical evacuation and repatriation: S$1M
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Accidental death or total and permanent disablement: S$500,000
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Trip cancellation: S$2,000
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Travel delay: S$500
-
Luggage loss: S$500
-
Luggage delay: S$200
It’s decent basic coverage, though it should be supplemented with a standalone policy to cover overseas medical expenses and personal liability.
No annual fee
One great thing about the HSBC Revolution Card is that it continues to have no annual fee- period. The annual fee was removed in August 2020, and both principal and supplementary cards are now free for life.
HSBC points are incredibly flexible
While most banks in Singapore have just a handful of airline transfer partners, HSBC rewards points can be transferred to 20 airline and hotel loyalty programmes.
|
Programme |
Conversion Ratio |
|
25,000 HSBC points = 10,000 miles |
|
30,000 HSBC points = 10,000 miles |
|
35,000 HSBC points = 10,000 miles |
|
50,000 HSBC points = 10,000 miles |
The catch is that Singapore Airlines has a relatively inferior conversion ratio of 30,000 HSBC points = 10,000 miles. This means that if you choose to transfer HSBC points here, then the HSBC Revolution is effectively earning 3.33 mpd (non-EGA) or 6.66 mpd (EGA).
That said, a wide range of transfer partners offers cardholders a great deal of flexibility, and the ability to tap “sweet spots” within certain programmes. For example, a one-way Business Class ticket from Singapore to Europe would cost 108,500 miles through KrisFlyer. However, you could fly from Singapore to Helsinki in Finnair Business Class for 62,500 miles through the British Airways Club!
Points conversions are free of charge, and HSBC points are pooled, meaning you can combine the points earned on the Revolution with the points earned on other HSBC credit cards, such as the TravelOne.
Income requirement
One thing about the HSBC Revolution that people often overlook is that its income requirement works a little differently from other cards.
The HSBC Revolution has a minimum income requirement of:
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S$30,000 a year, for customers with a minimum Total Relationship Balance (TRB) of S$50,000
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S$65,000 a year, for everyone else
Funds in the HSBC EGA count towards the TRB, so if you want to enjoy the 8 mpd earn rate, you will end up satisfying the TRB requirement too.
Conclusion
With the permanent restoration of bonuses on travel and contactless spending, the addition of complimentary travel insurance, and the option to double your earn rate via the HSBC Everyday Global Account, the HSBC Revolution is a formidable card indeed.
Granted, not everyone will be keen to park S$50,000 just to earn bonus miles, but even without it, 4 mpd on a wide range of everyday spending - combined with no annual fee - makes this a card that’s hard to ignore.
About the author
Aaron Wong
Aaron founded The Milelion to teach people how to travel better for less, with credit cards, airline and hotel loyalty programmes. With 500,000 miles flown and counting, he’s keen to debunk the myth that you can’t travel in style without breaking the bank.