The HSBC Revolution Credit Card is an awesome rewards credit card that helps you collect points for transactions you are most likely to do on an everyday basis. The card gives you 5 Rewards Points per S$1 spent on local dining, entertainment, and online payments, and 1 point for all other purchases. The card also includes insurance premium payments, recurring online GIRO payments and transactions converted to instalment payment plans in the 5-point category, which is usually excluded by other credit cards.
The best part about this card is that there is no minimum spend requirement and no cap on the rewards points, so the more you spend, the more points you accumulate. However, the points are valid only for 3 years, and can be redeemed for vouchers, cash rebates, and air miles. If you want to convert the points into air miles, you need to register for the HSBC Frequent Flyer programme, and the rate of conversion is 2 miles per S$1.
If you’re looking for offers on the card, you can take advantage of the seasonal promotions, HSBC's Vacations travel discount plan, and discounted movie tickets through the HSBC Movie Card. Though this card does not give any travel or concierge perks, you get a discount of 25% on single-trip plans of the SmartTraveller Travel Insurance.
Apply for the HSBC Revolution Credit Card on www.bankbazaar.sg and receive the following sign-up gifts:
New HSBC cardholders who apply for the HSBC Revolution Credit Card can choose between 2 welcome gifts which are as follows:
Cardholders will also receive S$20 cashback when they sign up for a supplementary card and an additional S$20 cashback exclusively for online applications. Cardholders who have cancelled any previous HSBC card within the last 12 months are not eligible for the offer.
Existing HSBC cardholders who apply for the HSBC Revolution Credit Card will receive S$50 cashback along with a cashback of S$20 when they sign up for a supplementary card. Cardholders who sign up for the card online will receive an additional S$20 cashback. The offer is applicable provided their existing HSBC credit card has not been issued more than 24 months ago.
Cardholders are required to charge a minimum qualifying spend of S$600 within one month of the card account being opened in order to be get the Welcome Gift.
Personal Travel Accident Insurance:
Insurance cover of up to S$300,000 for both the card holders as well as their family members upon charging travel arrangements to the HSBC Revolution Credit Card.
Flight Inconvenience Insurance:
Includes cover for luggage delays/losses, missed flight connections, flight delay, trip cancellations and more.
Complimentary Golfer’s Insurance:
Insurance cover of up to S$500,000 for mishaps or incidents on any golf course across the world.
|Type of fee||Amount payable|
|Annual fee||S$160.50 (First 2 years fee waived)|
|Supplementary card fee||Free|
|Interest rate||25% p.a. (Minimum charge is S$2.50)|
|Late payment charges||S$55|
|Cash advance fee||The higher of 6% of amount or S$15|
|Interest on cash advance||28% p.a.|
If you are interested in the HSBC Revolution Card, you can apply for directly on BankBazaar.sg. Visit the card’s home page on the BankBazaar website and choose ‘Check Eligibility’. The next page that appears is an eligibility check based on parameters such as income, age and relationship with the bank. There will be a series of question, which you need to answer. Once this is over, you will reach the application page where you can click on ‘Select Quote’ and proceed to apply. You will be directed to the application form, where you can fill in your personal details, residential address, contact information, employment and income information details and other required details. Click on ‘Submit’ and wait for the card to be approved!
The EIR or Effective Interest Rate charged on the HSBC Revolution Credit Card is 25% p.a. if you do not make the full payment on your outstanding balance by the payment due date every month.
The interest rate will be charged daily and is subject to compounding if you do not make your payments in full. The minimum interest charged is S$2.50 and will be imposed on each transaction from the transaction date until you make the payment in full.
Finance charges will also be imposed on your account if you make partial payments on your outstanding balances. If you make the full payment on your current outstanding balance and have not carried over any balance from your previous statements, no finance charges will be imposed on your transactions.
The Interest Free Period on purchases made on this credit card is 20 days from your statement date if you make full payments on your outstanding balances.
The minimum repayment amount for the HSBC Revolution Credit Card is S$50 OR 3% of your outstanding balance, depending on whichever of the 2 is higher, if your account is NOT over limit.
If your account is over limit, then the minimum repayment amount will be 3% of your credit limit + any excess amount over your credit limit.
If you do not make the minimum payment by your payment due date, a late payment fee of S$55 will be applicable.
In case your HSBC Revolution Credit Card is lost, stolen or the PIN has been disclosed to a third party, you must immediately notify HSBC Bank regarding the same.
In addition to providing the bank with all relevant information regarding the incident, you must also furnish a written confirmation of the loss, theft or disclosure. Only upon receiving this written confirmation, the bank will launch an investigation.
If you provide the bank with the aforementioned information immediately, your maximum liability for any unauthorized transactions on your credit card before you notified the bank will be limited to S$100. You will not be liable for any unauthorized charges on your credit card after you have notified the bank.
You must report the loss or theft of your HSBC Revolution Credit Card to the bank in the following way:
The bank must be satisfied that the loss, theft or disclosure was not because of your gross negligence or fraudulent act. In case your credit card has been retrieved after you have already reported it as lost or stolen, you must not continue using it. You must cut the card crosswise in half and return it to the bank. HSBC may issue you a new credit card and require you to setup a new PIN.
To opt for this card, you must register online. You have to produce the following documents for verification:
Applicants must produce a minimum Fixed Deposit Collateral of S$10,000, upon failing to meet the income criteria.
For every dollar spent, cardholders can earn 5x rewards which is equivalent to 2 air miles. There is no minimum spend required, and there isn’t any limit on points earned.
Credit limit might be lower than your requested amount, and is usually based on the bank’s review and approval. For applicants who earn between S$30,000 and S$120,000 p.a., the credit limit is fixed at four times the monthly income for all unsecured facilities.
For credit cards linked to HSBC account, a fee of S$8 will be charged for each cash withdrawal made to your account, which was debited. This fee is however not applicable with the shared atm network in Singapore with HSBC, Australia and New Zealand Banking Group Limited, Singapore Branch, Bank of China Limited, Singapore Branch, Citibank Singapore Limited, and more. A cash withdrawal limit of up to S$1,000 applies per transaction, which is capped at S$2,000 on a daily basis.
• 2 years annual fee is waived on signing up for HSBC Revolution Credit Card.
• Cardholder will get a Samsonite Red Robo luggage worth S$335 along with S$20 cashback or a Starbucks card worth S$80.
• Samsonite luggage is offered to those who spend a minimum of S$600 within a month of getting the card.
• Starbucks card is offered when the cardholder spends S$100 within a month of getting the card.
• Gift is available through contact me option and not for online sign-ups.
Terms and Conditions: Contact HSBC to know more about the applicable terms and conditions.