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    HSBC's Revolution Credit Card

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    HSBC Revolution Credit Card Review

    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.  

    Promotions

    • Agoda – Enjoy a discount of 7% on your hotel bookings. This promotion is valid until December 31, 2017.
    • Zalora – Enjoy a storewide discount of 15% when you spend at least S$100 at Zalora. Use voucher code, “HSBCZ” to redeem the discount. This promotion is valid until December 31, 2017.
    • Caltex – Enjoy an instant discount of 16% across all Caltex stations in Singapore on this credit card. This promotion is valid until December 31, 2017.
    • Yoox.com – Get an additional discount of 10% at Yoox.com plus free shipping on all your orders. This promotion is valid until December 31, 2017.
    • Chope – Redeem S$10 dining voucher from Chope by entering the promo code, “483585HSBC. This promotion is valid until December 31, 2017.

    Sign-up promotion

    New customers of HSBC are eligible for the following sign-up promotions:

    • Cashback of S$120 OR an HSBC Gold Class Movie Card AND
    • S$20 cashback upon signing up for a supplementary credit card AND
    • S$20 cashback on applying for the HSBC Revolution Card online.

    Existing customers of HSBC are eligible for the following sign-up promotions:

    • Cashback of S$50 AND
    • S$20 cashback upon signing up for a supplementary credit card AND
    • S$20 cashback on applying for the HSBC Revolution Card online.

    Terms and conditions:

    • New customers are defined as those who have not cancelled an HSBC Card in the last 12 months.
    • Cashback of S$120 or an HSBC Gold Class Movie Card for new customers and S$50 for existing customers will be awarded on a minimum spend of S$600 within 1 month of card approval.
    • S$20 cashback for online applications are valid if customers upload all supporting documents when applying for this credit card. 

    Features of the HSBC Revolution Credit Card

    • Perpetual annual fee waiver on the supplementary card.
    • This credit card comes equipped with the Visa payWave feature which is a contactless payment facility. You can use this feature to make payments on transactions below S$100 at Starbucks, Burger King, Golden Village, Watsons and many more establishments.
    • You can also utilise this card with Apple Pay through your Apple device.

    Rewards

    • What you get:
      • 5X Reward points on online transactions.
      • 5X Reward points on local dining payments.
      • 5X Reward points on local entertainment payments.
      • 1X Reward point on all other card payments.
    • How to redeem – You will receive 5X or 1X (whichever is applicable) Reward points per S$1 spent on all eligible purchases and transactions.
    • Charges and Details:
      • 5X Reward points on online transactions does not include money transfer/payment websites and securities/brokerage payments.
      • 5X Reward points on local dining payments does not include dining establishments situated inside hotels.
      • 5X Reward points on local entertainment payments does not include entertainment establishments situated inside hotels.

    Insurance provided by the HSBC Revolution Credit Card

    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.

    • Card holders and their family members who are adults will receive cover up to S$300,000.
    • Family members who are children will receive cover up to S$75,000.

    Flight Inconvenience Insurance:

    Includes cover for luggage delays/losses, missed flight connections, flight delay, trip cancellations and more.

    • Cover for trip cancellation:
      • Trip involving only card holder - S$4,000,
      • Trip involving cardholder and family members - S$10,000.
    • Cover for flight delay – S$1,000.
    • Cover for missed flight connection:
      • Trip involving only card holder - S$400.
      • Trip involving cardholder and family members - S$800.
    • Cover for luggage delay:
      • Trip involving only card holder - S$400
      • Trip involving cardholder and family members - S$800.
    • Cover for luggage loss:
      • Trip involving only card holder - S$1,000
      • Trip involving cardholder and family members - S$2,000.
    • Cover for repatriation of mortal remains OR funeral expenses:
      • Trip involving only card holder - S$4,000
      • Trip involving cardholder and family members - S$8,000.

    Complimentary Golfer’s Insurance:

    Insurance cover of up to S$500,000 for mishaps or incidents on any golf course across the world.

    Fees and Charges

    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.
    Overlimit fee S$40

     

    Transactions in foreign currencies

    • A foreign currency transaction fee of 1.5% will be imposed by HSBC on all foreign currency transactions.
    • An additional 1% charge will be imposed by VISA on all foreign currency transactions.
    • All card transactions that are converted using Dynamic Currency Conversion or DCC will be subject to an additional charge of 2.5% of the transaction amount.

    Cash Withdrawals

    • S$8 will be applicable on every cash withdrawal made using your HSBC Revolution Credit Card at any PLUS/VISA ATM Network, Cirrus/MasterCard ATM Network.
    • It excludes cash withdrawals made at shared atm5 networks in Singapore (HSBC), Citibank Singapore Limited, Singapore Branch of Bank of China Limited, Standard Chartered and State Bank of India (Singapore) Ltd.
    • You can withdraw up to S$1,000 per transaction through cash withdrawal on your credit card.
    • You can withdraw up to S$2,000 per card, each day through cash withdrawal.

    How to apply for the HSBC Revolution Credit Card

    If you wish to apply for the HSBC Revolution Credit Card with the 68cm Black Label Plutus Luggage from Samsonite + S$20 Cash Rebate as your welcome gift, you can submit an online application. To do so, click on the “Apply Now” option available on the HSBC Revolution Credit Card webpage of the official HSBC Singapore website, fill out the application, upload the requested documents and submit your application online.

    If you choose the HSBC’s All Days Movie Card as your welcome gift, you must fill out the Contact Sheet available on the HSBC Revolution Credit Card webpage of the official HSBC Singapore website called “Have our staff contact you”. A representative from the bank will contact you within 3 business days to take the application process forward.

    Eligibility Criteria for the HSBC Revolution Credit Card

    • Minimum age:
      • Principal cardmembers: 21 years.
      • Supplementary cardmembers: 18 years.
    • Minimum income:
      • Singapore citizens and Permanent Residents: S$30,000 p.a.
      • Foreigners, Self-employed and Commission-based earners: S$40,000 p.a.
    • If you do not meet the minimum income criterion, you can still apply for this credit card if you provide a Fixed Deposit Collateral worth S$10,000 to be maintained by HSBC until you close this credit card account.

    Documents Required

    • Salaried employees:
      • Front and back copy of NRIC AND
      • eCPF statement contribution submitted online using SingPass login through the bank’s website AND
      • Latest 3 months computerized payslips OR
      • Most recent Income Tax NOA (Notice of Assessment) + last month’s computerized payslip.
    • Self-employed and commission based earners:
      • Front and back copy of NRIC AND
      • Latest 2 years Income Tax NOA (Notice of Assessment).
    • Foreigners must additionally submit:
      • A copy of your Passport with minimum validity of 6 months AND
      • A copy of your Employment Pass with minimum validity of 6 months.
    • Supplementary card applicants:
      • Front and back copy of NRIC.

    Interest on the HSBC Revolution Credit Card

    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.

    Repayments

    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.

    Lost/stolen card liability

    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.

    Reporting lost/stolen credit cards

    You must report the loss or theft of your HSBC Revolution Credit Card to the bank in the following way:

    • You must immediately contact the bank and inform them regarding the loss, theft or disclosure.
    • You must assist HSBC in their investigation to recover your lost/stolen card.
    • You must furnish a statutory declaration such as a police report or any other information requested by the bank.

    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.

    Read More Related to Credit Cards:

    News About HSBC Revolution Credit Cards

    • 2 years annual fee waived for HSBC Revolution Credit Cards

      Particulars:

        • 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.

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