Review: HSBC Revolution Card

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The HSBC Revolution has received a revolutionary makeover, and its 4 mpd on travel, shopping, dining, transport and more makes it a very useful card to hold.

Here’s The Milelion’s review of the HSBC Revolution Card, one of the easiest ways to earn 4 mpd on a wide variety of day-to-day spending. 

For a while, it looked like the Revolution was down and out. With HSBC nerfing points for insurance and utilities, the last vestige of a use case for this card disappeared. Then came a revolution (it’s not easy thinking up puns, you know) as HSBC gave the product a major makeover, turning it from paperweight to wallet essential. 

💳 tl;dr: ★★★★1/2
The new-and-improved HSBC Revolution represents a dramatic improvement over its predecessor, with its bonuses on travel, shopping, dining, transport and more.  The lack of an annual fee only sweetens the deal.
The good The bad
  • An easy way to earn 4 mpd on a wide variety of merchants
  • No annual fee
  • Free copy of The Entertainer 
  • Higher-than-average conversion fee (but comes with unlimited conversions)
This HSBC Revolution review forms part of my collection of credit card reviews. I’m constantly adding new ones, and you can browse the entire collection here.

Overview: HSBC Revolution

Let’s start this review by looking at the key features of the HSBC Revolution.

Apply here
Income Req.
Points Validity
37 months
Annual Fee
None Min.

25,000 points
(10,000 miles)

Miles with
Annual Fee
None Transfer
•Singapore Air
FCY Fee 2.8% Transfer Fee S$42.80
Local Earn 0.4 mpd Points Pool? No
FCY Earn 0.4 mpd Lounge Access? No
Special Earn 4.0 mpd on selected online and contactless payments Airport Limo? No
Cardholder Terms and Conditions

How much must I earn to qualify for a HSBC Revolution?

uob preferred platinum visa income requirement

The HSBC Revolution is positioned at the entry level, with a S$30,000 annual income requirement.

If you do not meet the minimum annual income, you can place a S$10,000 fixed deposit with HSBC to get a secured version of the card, with a credit limit equivalent to 100% of the deposit amount. More information can be found in this form

How much is the HSBC Revolution’s annual fee? 

  Principal Card Supp. Card
First Year Free Free
Subsequent Free Free

Here’s the best part- from 1 August 2020, the HSBC Revolution’s S$160.50 annual fee has been removed, making it a free-to-hold card. Simply put, there’s no annual fee for either principal or supplementary cardholders, now or in the future. 

There are precious few credit cards in Singapore with no annual fee, and the ones that exist are fairly abject. So hats off to HSBC for doing this, while simultaneously improving the value proposition. 

What sign-up bonus or gifts are available?

HSBC typically offers a choice of cashback or luggage as its sign-up gifts for new-to-bank customers, defined as those who do not currently hold a principal HSBC card, and have not in the past 12 months. 

Here’s the current sign-up gifts available:

🎁 Current Sign-Up Bonuses/Gifts

Spend at least S$800 during the qualifying period and redeem a Samsonite Prestige 69cm luggage bag (worth S$670) or S$150 of cashback. For cards approved between 1-31 August, your qualifying spend period is 1 August-30 September. For cards approved between 1-15 September, your qualifying spend period is 1 September- 31 October.

Apply via SingPass MyInfo and receive S$30 of Grab rides
(Link | T&C)

Apply by 31 August 2020

How many miles do I earn?

🇸🇬 SGD Spending 🌎 FCY Spending ➕ Bonus Spending
0.4 mpd 0.4 mpd 4.0 mpd on travel, shopping, groceries, dining, transport paid online or via contactless payments

Regular SGD/FCY Spending

The HSBC Revolution earns 1 HSBC Point for every S$1 spent in Singapore Dollars or foreign currency (FCY).

1 HSBC Point is worth 0.4 airline miles, so that’s an equivalent earn rate of 0.4 mpd for both local and FCY spending. All foreign currency transactions are subject to a 2.8% fee.

Selected contactless payments & online spending

HSBC Revolution new benefits
HSBC Revolution new benefits that kicked in from 1 August 2020

Here’s where the HSBC Revolution really shines.

Cardholders will earn an additional 9 HSBC Points for every S$1 spent on selected online and contactless transactions, whether in local currency or FCY. That’s a total earn rate of 10 HSBC Points per S$1 spent, or 4 mpd. 

The following MCCs are eligible for bonus points:

Category MCCs
Airlines, Car Rental, Lodging, Cruise Lines and Travel Agencies 3000 to 3350, 3351 to 3500, 3501 to 3999, 4411, 4511, 4722, 7011
Department Stores and Retail Stores 4816, 5045, 5262, 5309, 5310, 5311, 5331, 5399, 5611, 5621, 5631, 5641, 5651, 5655, 5661, 5691, 5699, 5732 to 5735, 5912, 5942, 5944 to 5949, 5964 to 5970, 5992, 5999
Supermarkets, Dining and Food Delivery 5411, 5441, 5462, 5499, 5811, 5812, 5813, 5814
Transportation and Membership Clubs 4121, 7997

For those of you who don’t speak MCC, this includes transactions at:

  • Airlines, Car Rental, Lodging, Cruise Lines and Travel Agencies: Singapore Airlines, Scoot, Cathay Pacific, Emirates, or any other airline, Hilton, Hyatt, Marriott, or any other hotel
  • Department and Retail Stores: Amazon, Book Depository, Courts, Harvey Norman, Lazada, Qoo10, Shopee, Taobao
  • Supermarkets, Dining and Food Delivery: Cold Storage, Deliveroo, FairPrice ON, foodpanda, GrabFood, WhyQ
  • Transportation and Membership Clubs: Comfort, Grab (excluding GrabPay top-ups), gojek, Fitness First

The list above is far from comprehensive. If you’re curious about which merchants fall under what MCC, you can always use the Visa Supplier Locator.

You will also earn 4 mpd at these merchants when you transact offline, via contactless payments. The HSBC Revolution supports the following contactless payment methods:

  HSBC Revolution

The 4 mpd is capped at a maximum of S$1,000 per calendar month.

The inclusion of MCCs 5811, 5812, 5813 and 5814 makes the HSBC Revolution the only unisex 4 mpd dining card on the market. That’s a gap which sorely needed filling, after the demise of the UOB Preferred Platinum AMEX. Also note that “transport” does not include MCC 4111, which means SimplyGo will not qualify. 

While it’s a shame that the HSBC Revolution adopts a whitelist approach (only MCCs we’ve specified will earn bonus points) rather than a blacklist approach (only MCCs we’ve specified will not earn bonus points), the bonus categories are fairly broad and will cover a lot of day-to-day spending. 

When are HSBC Points credited? 

The 1X base HSBC Points are credited when the transaction posts, usually within 1-3 working days.

The bonus 9X HSBC Points will be credited by the end of the following calendar month from the date of transaction. For example, if you make an eligible transaction in April, your bonus points will come by the end of May. 

Base Points (1X) Credited when transaction posts
Bonus Points  (9X)
Credited by the end of the following calendar month

How are HSBC points calculated?

Here’s how you can work out the HSBC Points earned on your HSBC Revolution.

Base Points (1X) Round transaction to the nearest S$1, then multiply by 1.0
Bonus Points  (9X)
Sum all eligible transactions (including cents) and multiply by 9.0. Round down transaction to the whole number

The rounding policy means the minimum spend to earn points is just S$0.50. 

While the UOB Preferred Platinum Visa (the Revolution’s closest competitor) awards points in blocks of S$5, the Revolution awards points in blocks of S$1. This is a key advantage, because it means you lose fewer points to rounding. Consider the following illustration:

  HSBC Revolution uob preferred platinum visa cardUOB Pref. Plat Visa
$5 20 miles 20 miles
$9.99 39.6 miles 20 miles
$15 60 miles 60 miles
$19.99 79.6 miles 60 miles
$25 100 miles 100 miles
$29.99 119.6 miles 100 miles

If you’re an excel geek, here’s the formulas you need to calculate your points: 

Base Points (1X) =ROUND (X,0)*1
Bonus Points (9X)
Where X= Amount Spent, Y= Sum of all eligible transactions

For the full list of formulas that banks use to calculate credit card points, do refer to these articles:

What transactions aren’t eligible for HSBC Points?

A full list of transactions that do not earn HSBC Points can be found in the T&C. I’ve highlighted a few noteworthy categories below:

  • Charitable Donations
  • Education
  • Government Services 
  • GrabPay top-ups
  • Insurance
  • Professional services provides (e.g Google & Facebook Ads, AWS)
  • Real Estate Agents & Managers
  • Utilities

Don’t bother using the HSBC Revolution for CardUp/ipaymy/RentHero transactions, as no points will be earned.

What do I need to know about HSBC Points?

💨 Expiry ↔️ Pooling ✈️ Transfer Fee
37 months No S$42.80 for 12 months of unlimited conversions

HSBC Points expire after 37 months, and do not pool across cards. If you have 10,000 HSBC points on the HSBC Revolution, and 15,000 HSBC Points on the HSBC Visa Infinite, you won’t be able to combine the two when redeeming. 

Since points do not pool, you will have to transfer all your HSBC Points out before cancelling the HSBC Revolution, or else forfeit them. 

HSBC Points can be transferred to frequent flyer programs at a 5:2 ratio, with a minimum transfer block of 25,000 HSBC points.

Frequent Flyer Program Conversion Ratio
(HSBC Points: Partner)
krisflyer logo 25,000: 10,000
asia miles logo 25,000: 10,000

Instead of charging a fee per conversion, HSBC instead charges cardholders an annual S$42.80 Mileage Program fee, which covers unlimited conversions for a 12-month period. Alternatively, you can pay 9,000 rewards points for a program fee waiver (not worth it). 

Even though your HSBC Points do not pool, you will only pay a single program fee regardless of how many HSBC credit cards you have. This covers transfers to both KrisFlyer and Asia Miles (i.e no need to register again for the 2nd frequent flyer program). 

Other perks

hsbc entertainer

All HSBC principal cardholders receive a complimentary copy of The Entertainer, which offers more than 1,000 1-for-1 offers for dining, entertainment and travel.  

Since the Revolution is not a “premium” card, you won’t get nearly as many offers as HSBC Visa Infinite & HSBC Premier cardholders. That said, you’ll still access to the standard Entertainer offers at more than 150 merchants in Singapore, as well as the same overseas and travel offers that higher tier cards have. 

An Entertainer membership usually retails at S$145 (it’s currently cut to S$65), so there’s some real savings to be had here.

Summary Review: HSBC Revolution

Apply here

HSBC has pulled off quite the Lazarus act with this makeover. If you regularly exhaust the 4 mpd cap on your UOB Preferred Platinum Visa, the HSBC Revolution is a card you should be adding to your wallet. 

I’m also glad that HSBC has stepped up to fill the dining card gap in the Singapore market. Prior to this, the only dining card options were:

  • UOB Lady’s Card/Lady’s Solitaire, which earns 4 mpd but is limited to women only
  • Maybank Horizon Visa Signature, which earns 3.2 mpd, and excludes fast food and caterers

For those who like to dine out, this card becomes a virtual must-have. 

Add the fact that there’s no annual fee, and there’s very little to dislike about the new HSBC Revolution. The only caveat I’d add is that if your monthly spending is very low (maybe in the $500-1,000 range), it may not make sense to spread your points across another bank. In that case the UOB PRVI Miles + UOB Preferred Platinum Visa combination might work better. 

So that’s my review of the HSBC Revolution. What do you think? 

Overall Score
Ratings Guide
5 Stars
An essential card for miles chasers, with few viable alternatives 
4 Stars
A very good card, although other equally good alternatives may exist
3 Stars
A decent card to round out your collection, but not absolutely essential
2 Stars
Very limited use cases, and outperformed by most other cards
1 Star

Paperweight. Use for picking teeth or ninja stars
Aaron Wong
Aaron founded The Milelion to help people travel better for less and impress chiobu. He was 50% successful.

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France is Bacon

4mpd for simplygo?


Do you get the base points (1point = $1) for using SimplyGo? It only says you don’t get the bonus points. But how about the base points?


Better than earning 0.0mpd


Hi if I use fave pay, does it count as contact less payment?


Don’t users get 4mpd also for contactless dining with the UOB Preferred Platinum VISA?

Last edited 1 year ago by ithh

But HSBC Revolution also requires dining payments to be contactless. So, how’s that different?


Does ‘contactless’ include waving physical card at PayWave terminals unlike UOB PPV ? Incidentally, Do fuel purchases fall under the transportation or retail category ?


Yes. It counts when you tap the card contactless or via Apple Pay

Fuel purchases not sure. Gotta ask the drivers here.


Hey Aaron
Just so you know, when I went to apply the HSBC website asks me to download their app and apply via that. Which is fine but I am not sure whether you’re getting any affiliate bonus that way – I see the affiliate code from your link but because sign-up is via app I don’t see how you get any credit (if indeed you were expecting that).
Also sign-up via app is very frustrating…


It’s a shame we can only use this card for up to $1,000 a month


… any thoughts on HSBC Infinite card vs Revolution or other HSBC cards. I’m looking to drop my Infinite card?

Chye Huat

Didn’t see hospital in the exclusion list, does this mean 4mpd for contactless payment at both public/private hospitals?


HSBC Revolution’s 4mpd goes by MCC whitelist approach as mentioned in the article, and as far as I see hospital MCCs aren’t included.


Aaron, does it earn 4mpd on Favepay transactions? Favepay offers a rebate that can be used to a subsequent transaction at the same merchant and would be great if bonus miles are earned!


Any idea if topping up topping up ShopeePay entitles you to the bonus miles? Went to Whatcard and it only shows Shopee as MCC5331 but doesn’t say anything about ShopeePay.


Between HSBC Revolution and Citi Premiermiles, which one is better on average? Considering that we are able to pay for insurance using Citi Payall to accumulate miles..

Last edited 1 year ago by Philippe

“The only caveat I’d add is that if your monthly spending is very low (maybe in the $500-1,000 range), it may not make sense to spread your points across another bank. In that case the UOB PRVI Miles + UOB Preferred Platinum Visa combination might work better. ”

Hi Aaron, I currently fall under this category of low spending. Are you able to share more about the UOB PRVI Miles + UOB Preferred Platinum Visa combination?


Would contactless payments overseas in the same categories qualify for 4mpd as well?


I’m trying to use this card to make an online purchase on a local website that sells cookies. Will it quality for 4mpd?


I’m planning some purchases at Mustafa. Does anyone know for sure the MCC for Mustafa Centre in at Syed Alwi Road? I’ve checked Whatcard and the Visa Supplier Locator – seems to be either 5331 or 5311? And what about the MCC for Mustafa Online? Should we use the HSBC Revo?
Thanks in advance



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