The HSBC Revolution card became one of Singapore’s leading bonus miles earning options in 2019, when it shifted from 2 mpd for online spend to a generous selection of 4 mpd earning categories, including a wide range of contactless and online transactions.
Good news is that the card’s S$200 cashback sign-up bonus has once again been extended, so new cardholders can pick up an effective 40% cashback plus 4 mpd for the first S$500 spend on one of the widest ranges of useful everyday bonus categories on the market.
Better still, the first 10,000 applicants submitting a primary card application over the next two months will will be awarded one sure-win Hong Bao, with a draw in April offering prizes ranging from S$8 cash credit through to a S$1,400 OSIM uDivine Mini 2 Massage Sofa.
Both new and existing cardholders can also gain additional sure-win entries into the draw by meeting various spend thresholds by the end of February.
If you haven’t added the card to your wallet yet, don’t miss our 10 good reasons to do so.
Sign-up bonus: Up to S$200 cashback
The sign-up bonus for the HSBC Revolution credit card is worth up to S$200 cashback, with the minimum spend requirement to qualify set at only S$500.
That’s the equivalent of 40% cashback on the first S$500 spend, and don’t forget the card is fee-free (forever).
To be eligible, you’ll need to be a new-to-bank credit card customer.
- do not currently hold any existing HSBC credit card*
- did not cancel any HSBC Credit Card* within last 12 months prior to the approval date of their new card
Note that currently holding (or having recently cancelled) an HSBC Visa Infinite card does not exclude you from this sign-up promotion, but other HSBC credit cards do.
For example, if you are a current HSBC Visa Infinite cardholder and also previously had an HSBC Advance card, which you cancelled in December 2020, you will be eligible for this offer.
Here’s how the deal works:
Successfully apply for the HSBC Revolution card between 1st January 2022 and 28th February 2022. Your card must be approved and issued by 15th March 2022.
Important: You also must, at the time of submitting your application, provide your consent for HSBC to send you to marketing and promotional materials.
Meet the following spend on your new card:
|Apply online via MyInfo||S$30 cashback|
|First spend||+ S$50 cashback|
|S$500+ spend||+ S$120 cashback|
Initially you’ll be entitled to S$30 cashback by applying online with MyInfo via SingPass.
With this offer you’ll then get S$50 cashback for any spend on the card, but you’ll want to be maximising your cashback by ensuring you rack up S$500+ spend to unlock an additional S$120 cashback, for a total of S$200.
The qualifying spend period for the sign-up bonus is based on the date your card account is opened, as follows:
|Card Opening Date||Qualifying Spend Period||Cashback Credit|
|1 – 31 Jan 2022||1 Jan – 28 Feb 2022||31 Mar 2022|
|1 – 28 Feb 2022||1 Feb – 31 Mar 2022||30 Apr 2022|
|1 – 15 Mar 2022*||1 Mar – 30 Apr 2022||31 May 2022|
* Applies to applications submitted by 28th February 2022, where the card account is then opened in early March 2022.
You must also ensure you have not not revoked your consent to receive marketing or promotional materials from HSBC, at the time the cashback gift is credited.
Though the minimum spend of S$500 to qualify for this promotion should be relatively easy to achieve, you can give yourself up to two months to meet the threshold by timing your application for an approval towards the beginning of the month (e.g. a 9th January card application approved on 12th January will have until 28th February to make the spend).
Obviously you’ll be wanting to tap into the card’s (relatively easy) 4 mpd categories for that minimum spend itself too, so don’t forget you’re good for 2,000 miles (500 x 4) for those transactions, which can be as simple as grocery shopping at Giant or Cold Storage and a series of Deliveroo orders.Pro Tip: If you’re struggling to make the S$500 minimum spend on this card, consider buying Dairy Farm or NTUC vouchers via contactless payment. You can then use these for future purchases at Cold Storage, Guardian or Fairprice.
Remember that qualifying spend relates to posted retail purchases, so be careful not to leave your S$500 minimum spend towards the very end of the applicable period, since it can take around three days for transactions to post to your account (e.g. a purchase made on 27th February might not post to your account until ~2nd March).
You will receive the cashback as a credit to your account by the end of the month following the Qualifying Spend Period, as shown in the table above.
Existing HSBC cardholder?
If you do not fulfil the new-to-bank criteria outlined above, you’ll be entitled to S$30 cashback for meeting the same S$500+ qualifying spend criteria, in accordance with the same spend periods listed above for new-to-bank cardholders.
You can also earn an additional S$30 cashback when you apply online with MyInfo via SingPass, for a total of S$60 cashback.
That’s actually not bad as far as cashback offers for existing bank cardholders goes – equivalent to 12% cashback if you meet the minimum spend exactly.
Remember if you’re only holding an HSBC Visa Infinite card, you’ll still be eligible for the main S$200 cashback sign-up bonus.
Your minimum spend of S$500 to qualify for this sign-up bonus does not include the following categories:
- Foreign exchange transactions (including but not limited to Forex.com);
- Donations and payments to charitable, social organisations and religious organisations;
- Quasi-cash transactions (including but not limited to transactions relating to money orders, traveler’s checks, gaming related transactions, lottery tickets and gambling);
- Payments made to financial institutions, securities brokerages or dealers (including but not limited to the trading of securities, investments or crypto-currencies of any kind);
- Payments on money payments/transfers (including but not limited to Paypal, SKR skrill.com, CardUp, SmoovPay, iPayMy);
- Payments to any professional services provider (including but not limited to GOOGLE Ads, Facebook Ads, Amazon Web Services, MEDIA TRAFFIC AGENCY INC);
- Top-ups, money transfers or purchase of credits of prepaid cards, stored-value cards or e-wallets (including but not limited to EZ-Link, Transitlink, NETS Flashpay and Youtrip);
- Payments in connection with any government institutions and/or services (including but not limited to court costs, fines, bail and bond payment);
- Any AXS and ATM transactions;
- Tax payments (except HSBC Tax Payment Facility);
- Payments for cleaning, maintenance and janitorial services (including property management fees);
- Payments to insurance companies (including but not limited to sales, underwriting, premiums and insurance services);
- Payments to educational institutions;
- Payments on utilities;
- The monthly instalment amounts under the HSBC Spend Instalment;
- Balance transfers, fund transfers, cash advances, finance charges, late charges, HSBC’s Cash Instalment Plan, any fees charged by HSBC;
- Any unposted, cancelled, disputed and refunded transactions.
Hong Bao promotion
This Lunar New Year HSBC is offering sure-win Hong Bao chances for the first to register and meet minimum spend thresholds between 1st January 2022 and 28th February 2022.
The good news is that the first 10,000 new HSBC card applicants, whether existing HSBC customers or not, can get one Hong Bao chance in addition to the S$200 cashback offer (for new customers) automatically, with no registration required.
Once you have your new card, you can also participate in the main promotion to earn up to five additional Hong Bao chances (for a total of up to six) by meeting the the spend thresholds, if you wish.
25,000 prizes are available in total, as shown in the following table.
|Prizes||Number of winners|
|OSIM uDivine Mini 2 Massage Sofa||10|
|Dyson Air Purifier TP03||20|
|S$188 Cash Credit||30|
|NETS FlashPay Card worth S$50||750|
|S$38 Dining Voucher at Goodwood Park Hotel||1,000|
|S$20 Lazada e‑Voucher||2,400|
|S$10 Grab Ride e‑Voucher||6,400|
|S$8 Cash Credit||14,390|
Obviously you’re most likely to score one of the smaller gifts worth S$8-S$10, since these make up over 80% of the prize total, but you’re still in with a chance to win a more valuable gift.
You’ll receive an SMS containing your unique chance code(s) by 31st March 2022, which you’ll then be able to enter into the draw between 31st March 2022 and 30th April 2022 at hsbc.com.sg/surewin.
Gift redemption will be by 31st May 2022.
Terms and conditions
Full terms and conditions for the S$200 cashback sign-up promotion and the Hong Bao promotion are available here:
We consider the HSBC Revolution as an essential part of your miles earning wallet in the 4 mpd category, and the card also benefits from no annual fee (forever).
While this sign-up bonus doesn’t include any additional miles, a S$200 credit gift for a spend of just S$500 is equivalent to 40% cashback if you hit the minimum spend exactly, and you’ll still net 4 mpd for the spend if it’s in the right category.
Even if you already hold an HSBC Visa Infinite card, you’re eligible for this deal.
Even better, the first 10,000 successful applicants in January and February will receive a sure-win Hong Bao for redemption in April 2022, where the minimum gift is S$8 cash credit, but there’s a chance to win a range of prizes up to a S$1,400 massage chair.
We’d recommend applying in early January to be in with the best chance of securing a spot in the first 10,000.
Fee-free and fuss-free, with a wide variety of useful everyday spend categories, you just need to keep your eligible spending at less than S$1k per calendar month then switch to other cards after that – simple.
Even those with other 4 mpd cards should find some useful benefits by adding this one to their wallet, with the potential to turn S$12,000 of annual spending into 48,000 miles, enough for a Singapore Airlines Business Class award to Seoul or Tokyo!
For full details on this card, don’t miss our updated comprehensive review.
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(Cover Image: HSBC)