Pros & Cons
Pros
- Competitive miles earnings: Accumulate 1.2 miles per $1 on local transactions and 2.4 miles per $1 on foreign currency transactions, enhancing travel rewards accumulation.
- Extensive transfer partners: Access to 21 transfer partners, including major airlines and hotel chains, providing flexibility in redeeming rewards.
- Travel perks: Enjoy four complimentary airport lounge visits per year and complimentary travel insurance coverage of up to U$100,000, adding value to the travel experience.
Cons
- Annual fee: An annual fee of $196.20 is charged from the first year, which may be a consideration for some users.
- Fee waiver conditions: The annual fee waiver in subsequent years requires a minimum annual spend of $25,000, which might not be achievable for all cardholders.
- Moderate miles earn rate: While competitive, the earn rates are lower compared to specialised travel cards offering higher miles per dollar on specific categories.
Who is this card for
The HSBC TravelOne Credit Card is a versatile option for frequent travellers, offering 1.2 miles per $1 on local spend and 2.4 miles per $1 on overseas spend. Its standout feature is its extensive rewards network — with 9 airline and 3 hotel transfer partners, it has the widest selection in Singapore, giving cardholders more flexibility when redeeming miles. You’ll also enjoy four complimentary airport lounge visits per year, making it ideal for those who value comfort and convenience while on the go.
Compare to other cards
The HSBC TravelOne Credit Card is a strong contender in the travel credit card space, offering competitive miles earn rates and standout convenience for seasoned travellers. With 2.4 miles per S$1 on overseas spend and 1.2 miles per S$1 locally, it matches the DBS Altitude Visa Signature on foreign currency earn rates while surpassing the Citi PremierMiles Card’s 2 miles per S$1 overseas. What sets TravelOne apart is its instant rewards redemption through the HSBC mobile app, allowing cardholders to convert points on demand with 21 airline and hotel partners, providing a level of flexibility that's unmatched among the three cards.
In terms of travel perks, all three cards offer complimentary travel insurance and airport lounge access, but the delivery differs. HSBC TravelOne offers 4 complimentary LoungeKey visits per year, similar to DBS Altitude’s Priority Pass Digital Membership, which also grants 2 free visits. Citi PremierMiles, meanwhile, offers 2 visits per year via DragonPass. While lounge network quality may vary by terminal and airport, HSBC’s offering is particularly useful for frequent short-haul travellers flying out of regional terminals. Another notable benefit: HSBC TravelOne charges the lowest minimum interest rate among the three, offering a more forgiving experience if you occasionally carry a balance.
The HSBC TravelOne Credit Card is best for frequent flyers, especially those who prefer ease of redemption and flexible reward options. It’s also ideal for miles chasers who make consistent overseas transactions, and for high spenders who can meet the S$25,000 annual spend to enjoy annual fee waivers beyond the first year. However, if your focus is maximising bonus miles or getting higher earn rates on specific booking platforms like Agoda (which DBS Altitude rewards handsomely), or you need more generous welcome bonuses, then DBS or Citi may be more rewarding upfront. Overall, TravelOne is a well-rounded card for those who want a streamlined, digital-first experience without jumping through hoops to enjoy their travel rewards.
HSBC TravelOne Credit Card
Interest rate: 27.8%
Annual fee: $196.20 (first year waived)
Minimum annual income:
- $30,000 for Singaporeans and PRs
- $40,000 for foreigners
Benefits:
- Redeem rewards instantly through the HSBC Singapore app, with a wide range of airline and hotel partners to choose from.
- Earn up to 2.4 miles per $1 spent, with an accelerated rate on overseas purchases.
- Enjoy travel perks including complimentary travel insurance (with COVID-19 coverage), plus 4 free airport lounge visits each year for both primary cardholders and their guests.
- Flexible payment options allow you to split large purchases into manageable monthly instalments with HSBC Instalment Plans.
- Unlock complimentary access to the ENTERTAINER with HSBC app, offering over 1,000 global 1-for-1 deals on dining, leisure and travel experiences.
DBS Altitude Signature
Interest rate: 27.8%
Annual fee: $ 196.20
Minimum annual income:
- $30,000 for Singaporeans and PRs
- $45,000 for foreigners
Benefits:
- Up to 1.3 miles per $1 spent locally, including bus and train rides.
- Up to 2.2 miles per $1 spent on overseas purchases in foreign currency.
- Receive 10,000 bonus miles when you pay the annual fee of $196.20
- 2 free lounge visits within each 12-month period of your membership to over 1,500 airport lounges worldwide.
Citi Premier Miles
Interest rate: 27.9%
Annual fee: $196.20 (first year waived)
Minimum annual income:
- $30,000 for Singaporeans and PRs
- $42,000 for foreigners
Benefits:
- 1.2 miles per $1 spent locally.
- 2.2 miles per $1 spent in foreign currency.
- Citi Miles never expire. Can be exchanged for a variety of frequent flyer miles, hotel stays, rewards and cash rebates.
- Use Citi PayAll to earn Citi Miles, Citi ThankYou PointsSM or Cash Back when you pay your bills with your Citi Credit Card.
- Earn miles on rent, condo management fees, school fees, taxes and bills via Citi PayAll.
- 2 free airport lounge visits per year to over 1300 Priority Pass lounges worldwide.
- Up to $1 million travel insurance coverage when you charge your travel tickets to this card. There will be a revision made to the Citi Credit Cards complimentary travel insurance. The Travel Insurance coverage in respect of a Trip charged to Citi PremierMiles Card will be updated to end on 31 March 2026. For more information, please click here.
- 11 different airline and hotel transfer partners.
Credit card application
Step 1: Start your application on SingSaver
Begin by visiting the HSBC TravelOne Credit Card page on SingSaver. Click the “Apply Now” button to be redirected to HSBC’s official application portal. Ensure you select SingPass MyInfo to speed up the process — your personal and income details will be auto-filled for faster approval.
Step 2: Submit required documents (if needed)
If HSBC is unable to retrieve your complete information via MyInfo, you may be asked to submit additional documents. These can include your NRIC, latest payslips, CPF Contribution History Statement, or Income Tax Notice of Assessment. Self-employed or commission-based applicants may need to provide extra supporting documents.
Step 3: Receive and activate your card
Once approved, your physical HSBC TravelOne Credit Card will be mailed to you. After receiving it, activate your card via the HSBC Singapore mobile app or internet banking to start using it immediately.
Step 4: Redeem your SingSaver rewards
To qualify for SingSaver-exclusive rewards, make sure to provide marketing consent to HSBC and spend the minimum required amount (e.g., $500) within the stated timeframe. Once all criteria are met, you’ll receive an email from SingSaver with instructions to redeem your chosen reward.
Credit card application resources
Exploring other options? We’ve got your covered with a credit card for every need:
Frequently asked questions about the HSBC TravelOne Credit Card
