Removed from 01 May 2024
5814 (Fast Food) 5411 (Grocery Stores/Supermarkets) 5499 (Misc Food Stores – Default)
Still Worth it? 🤔
It used to be easy using this card for our everyday spending without having to think too much into it. Not so much any more… It’s annoying but generally, ✅ Dining at Restaurants, ✅ Bakeries (5462) will count for 4mpd / 2.5% Cashback.
Qualified Categories for 10X Reward Points
from 01 May 2024
💄 travel e.g. airlines, some hotels
👗 department & retails stores
🛒 supermarkets
🍽️ dining
🛵 food delivery
🏋🏻 membership clubs
🚌 transport - taxi
What Benefits are there Left?
✅ Versatile — Cashback or Miles, Choice is Yours
Accumulate in points first, if you’ve later, decided you don’t want cashback or miles you can switch around between the 2.
✅ No minimum Monthly Spending
No more going close to month end and you’re like ‘OMG, I’ve another $100 to spend in order to get 8% Cashback’ (😏 can you guess which card is this? haha)
✅ Additional 1% Cashback with the HSBC Everyday Global Savings Account
This is the 💎 of HSBC…
this also goes away from 02 May 2024…
HSBC Revolution Credit Card | |
10X Reward Points | 4mpd or 2.5% Cashback |
Monthly Cap | $1,000 |
Annual Income Requirement | $30,000 |
Annual Fee | NONE |
Will I Still Use the HSBC Revolution?
Yes but as a backup card, for Dining out at restaurants, bakery purchases, travel ticket bookings, if I ever take a cab.
No more - Supermarkets (5411), Misc Food Stores (5499) and Fast Food (5814)
Miles perspective
I’m choosing
- Citi Rewards + Instarem Amaze to be my default card for 4mpd, cap at $1,000
- UOB Preferred Platinum Visa is another alternative you can look at too
Cashback
I’m sorry ‘no minimum spending’ individuals… The next best I think would be
- 1.7% Cashback from UOB Absolute AMEX
- 2% Cashback from Diners Ultimate Platinum Card
Given the current prices of everything to be honest, I’d spend $600 or $500 a month with UOB EVOL or UOB One respectively giving 6.67% Cashback or 3.33%?
How does HSBC Revo’s Reward Points work?
Points | SGD | Cap | Credit Period | |
Base | 1 | 1 | - | When transaction gets posted |
Bonus | 9 | 1 | 9,000 points | By last day of the following calendar month |
TOTAL | 10 | 1 | $1,000 |
Points Expiry | 37 Months |
Pools with other HSBC Cards | No |
Transfer Fee | S$43.60 / year |
Min. Transfer | 25,000 Points = 10,000 Miles |
Available Partners | KrisFlyer
Asia Miles |
What can you Redeem the Points for?
Full List here, I picked out a few main ones —
- Offset your Credit Card Bill
- 4,000 Reward Points for SGD10 (🚨 Promotion rate 280 points = S$1, not sure till when but this brings the cashback rate to 3.57%!)
- every incremental SGD1 at 400 rewards points thereafter
- Redeem Miles & Hotel Stays
- 10,000 KrisFlyer Miles for 25,000 Reward Points
- Raffles Hotel, W Singapore, The Capitol, St Regis
- Vouchers
- Grab food and ride
- Lazada, Amazon, Sephora
- Starbucks
and more…
this is gone from 02 May 2024, no more 1% Cashback for HSBC Credit Card spend
HSBC Everyday Global Savings Account
😇 For an additional 1% Cashback. There’s so many use cases for this and if you’re not already on it, you’re really missing out…
The Everyday Rewards Programme provides additional 1% Cashback on
Transactions in SGD on HSBC Credit Card