Back in July this year, HSBC finally offered its Revolution cardholders a good deal, following a brutal 2024 that saw the card lose multiple bonus categories, travel insurance perks, and even suffer a KrisFlyer transfer ratio devaluation.

The “HSBC Revo Up Promotion” restored the card’s previously axed travel and contactless bonuses, while boosting the monthly spend cap by 50%, and was originally due to run from 1st July 2025 to 31st October 2025.

The good news is that the bank announced today that the promotion will be extended by four further months, until 28th February 2026.

Here’s a recap of the promotion.

4 mpd for travel and contactless spend

HSBC is temporarily restoring two bonus categories that were previously removed:

• Travel bonuses (removed 1st January 2025) – now back for airlines, hotels, car rentals and cruises
• Contactless bonuses (removed 15th July 2024) – now back across multiple merchant categories

No minimum spend applies, and the monthly bonus spend cap has also been hiked from its previous S$1,000 level to S$1,500, for each of the four months of this promotion – shared across the card’s bonus spend categories.

This allows you to net 24,000 miles in total, if you max out the offer every month.

While it’s sadly a temporary deal, this represents a resurrection of features that many cardholders had mourned, so if you still retained the Revolution card, or you want to pick up a new one, you can now take advantage again for a while.

  APPLY HERE

Eligible categories for 4 mpd

Here are the eligible 4 mpd bonus spend categories on offer during this four-month promotion period.

Travel transactions
(online or contactless)

The HSBC Revolution card has brought back the following spend category for 4 mpd earning during this promotion:

• Travel (airlines, hotels, car rentals, cruises)

These purchases, made online or via contactless payment, must fall under the following MCCs to earn at the 4 mpd rate for the first $1,500 of monthly spend.

Online or contactless Travel including Airlines, Hotels, Car Rental and Cruises
Eligible MCCs	Example Merchants
3000 to 3350 3351 to 3500 3501 to 3999 4411 7011	Singapore Airlines, Scoot, Cathay Pacific, Qantas, Airbnb, Hertz, Hilton, Hyatt, Marriott, Royal Caribbean

Keep in mind that MCC 4722 (Travel Agencies and Tour Operators) is excluded from this promotion. That means bookings made through online travel platforms such as Agoda, Booking.com, Expedia, Hotels.com, Kayak, Klook, KKday, Pelago and won’t qualify for the bonus.

Contactless-only payments

In addition to the travel categories listed above, the HSBC Revolution card has also brought back the following spend categories for 4 mpd earning when making contactless payment during this promotion:

• Shopping (department stores, electronics, clothing, pharmacies, bookstores)
• Dining (restaurants, bars, cafes)
• Transportation (taxis, ride-hailing)
• Memberships (country clubs, sports clubs)

These online and contactless purchases will have to fall under the following MCCs to earn at the 4 mpd rate for the first $1,500 of monthly spend, and remember the cap is shared with the online travel spend MCCs listed above.

Department Stores and Retail Stores
Eligible MCCs	Example Merchants
4816, 5045, 5262, 5309, 5310, 5311, 5331, 5399, 5611, 5621, 5631, 5641, 5651, 5655, 5661, 5691, 5699, 5732, 5733, 5734, 5735, 5912, 5942, 5992, 5999 5944 to 5949 5964 to 5970	Amazon, Isetan, Marks & Spencer, Takashimaya, TANGS, Timberland, Mothercare, H&M, Zara, Pandora, Tory Burch, Uniqlo, ASOS, Skechers, Foot Locker, Zalora, Apple, Dell, Best Denki, Harvey Norman, Gain City, Courts, Cotton On, Shopee
Dining
Eligible MCCs	Example Merchants
5441, 5462, 5811, 5812, 5813	1-Altico, 7-Eleven, Atlas Bar, Brewerkz, Cheers, Fish & Co, Jumbo Seafood, Providore, Sheng Siong, Wine Connection
Transportation and Membership Clubs
Eligible MCCs	Example Merchants
4121, 7997	Comfort, Grab, gojek, TADA, Ryde, Fitness First, True Fitness, Sentosa Islander

Note that hotel dining is generally included in this offer, since these restaurants typically code under hotel MCCs like 3501 – 3999 (for larger hotels like the Ritz-Carlton) or 7011 (for smaller hotels like Capella, Raffles and the JW Marriott), which are included in the travel spend category during this promo.

Just tap to pay, in order to earn 4 mpd.

Full terms and conditions for this offer are available here.

Key exclusions

Here are the key spend category exclusions to bear in mind during this promotion:

• Online travel agencies (MCC 4722): Agoda, Trip.com, Expedia, Klook, Pelago, KKday won’t earn bonus miles
• Fast food (MCC 5814): Deliveroo, Foodpanda, Starbucks and other food delivery services are also excluded
• SimplyGo/Public transport (MCC4111): Do not qualify for contactless bonuses

Monthly cap: Boosted by 50%

The promotion includes a 50% increase in the monthly bonus cap:

• Normal cap: 9,000 bonus points (S$1,000 monthly spend)
• Promo cap: 13,500 bonus points (S$1,500 monthly spend)

Over the eight-month promotion (following this four-month extension), you can earn now up to 108,000 bonus HSBC points from S$12,000 of eligible spending. Combined with base points, that’s 120,000 total points – enough for up to 48,000 miles, depending on your chosen transfer partner.

Variable transfer rates matter

Here’s where HSBC points get tricky – the earn rate depends on which airline you eventually transfer your points to.

Effective mpd rates by FFP partner

Partner Ratio				HSBC Revolution
				Promo 4 mpd Spend
2.5:1				4 mpd
3:1				3.33 mpd
3.5:1				2.86 mpd
5:1				2 mpd

The “4 mpd” headline rate only applies if you transfer to partners with the best ratios. For KrisFlyer, Singapore’s most popular frequent flyer programme, you’re actually earning only 3.33 mpd under this deal.

As you can see, it’s British Airways Avios, Cathay Pacific Asia Miles and Air France-KLM Flying Blue that are among those with the best 2.5:1 transfer ratio.

One advantage to remember is HSBC’s policy of transferring in 2-mile blocks after the 10,000 miles minimum conversion, versus other banks requiring 10,000-mile blocks. This usually prevents orphan points issues.

Maximising the promotion

To get the most value from this promotion:

1. Choose your transfer partner wisely: British Airways, Cathay Pacific, EVA Air and Air France are among those offering the 4 mpd rate
2. Book travel directly with airlines and hotels, rather than through OTAs like Expedia
3. Check MCCs before large purchases where possible
4. Track monthly spending to optimise the 13,500 bonus point cap (S$6,000 total over 4 months, or S$1,500 per month)

Pro Tip: Use trip comparison sites to research options and prices, then book directly with the airline or hotel, to ensure you get the travel bonus.

A welcome break from benefit cuts

The last few months have been particularly brutal for credit card miles chasers in Singapore, with multiple cards seeing cuts almost simultaneously:

• DBS WWMC cutting its bonus cap to S$1,000 per month from August 2025
• UOB Lady’s Solitaire also reducing monthly bonus caps from August 2025
• UOB Visa Signature splitting bonus caps from August / September 2025
• UOB PPV splitting bonus caps from October 2025
• Citi Prestige axing unlimited lounge visits and hiking fees from July 2025
• Maybank cards removing various reward categories and cutting some earn rates from July 2025
• BOC Elite Miles removing Asia Miles transfers and axing CardUp and ipaymy spend from miles accrual (but increasing general earn rates – for KrisFlyer addicts) from July 2025

Against a backdrop like that, HSBC’s temporary restoration of the Revolution card’s bonus categories feels like a rare bright spot.

If you were considering cancelling at the end of October, this deal probably couldn’t have been extended at a better time!

This extended promotion transforms the HSBC Revolution from a card that many were ready to cancel (or had already cancelled!) into a viable everyday spend option right through to 28th February 2026.

However, remember that earning an additional 24,000 miles over the four additional months of the deal isn’t really enough for premium cabin redemptions, and the variable transfer rates mean your actual earning power depends heavily on your preferred airline programmes.

This promotion works best if you:

• Already hold the Revolution card (or don’t mind getting a new one for a few months – it’s fee-free)
• Frequently transfer to non-KrisFlyer programmes with good transfer ratios (especially British Airways, Cathay Pacific, EVA Air or Air France)
• Can maximise the monthly caps with eligible contactless or online spending

It’s probably not worth participating in this promotion if you primarily collect KrisFlyer miles (there are better options than 3.33 mpd available), or you already don’t spend enough in eligible categories to hit the monthly bonus caps on your existing cards.

The big question now is whether HSBC will extend this promotion further, or better still just make it permanent. Either way, until the end of February at least, Revolution cardholders can pretend it’s 2024 again!

  APPLY HERE

(Cover Photo: Shutterstock)