HSBC Revolution launches improved sign-up offer: S$200 cashback with S$500 spend

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Don't have a HSBC Revolution yet? Now's the time to get one: Earn S$200 cashback (+ 4 mpd) on S$500 spend in the first 1-2 months.

The HSBC Revolution Card received a major overhaul in 2020, adding 10X points (4 mpd) on a wide range of categories including travel, shopping, groceries, dining, and transport. The S$160.50 annual fee was permanently removed, and cardholders received a free Entertainer membership on top of all that.

These changes have made the HSBC Revolution one of my go-to cards, and I religiously max out the monthly 10X cap (S$1,000) without fail.

For those of you yet to join the party, the HSBC Revolution has just launched an improved sign-up offer which runs from now till 30 April 2021.

HSBC Revolution
Income Req. Annual Fee
S$30,000 None
Apply here
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HSBC Revolution Sign-Up Offer: New Customers

New-to-bank customers who apply by 30 April 2021 will receive up to S$200 cashback when they spend at least S$500 in the qualifying spend period (1-2 months, see below). This consists of:

  • S$30 cashback for applying through SingPass MyInfo
  • S$50 cashback for charging 1 qualifying transaction in the first month of card opening
  • S$120 cashback for meeting the S$500 minimum spend during the qualifying period

The new offer is a significant upgrade from the previous offer of S$180 cash or S$200 Lazada vouchers, which required a minimum spend of S$800. 

⚠️ New-to-bank customers are defined as those who do not currently hold a principal HSBC credit card (except the HSBC Visa Infinite), and have not in the last 12 months

The qualifying spending period depends on when your card was approved, but will be between 1-2 months. The mechanics mean that it’s always better to apply towards the start of the month, as it gives you up to two months to meet your qualifying spend. 

Card Opening Date Qualifying Spend Period Notification Date
1-31 Mar 2021 1 Mar- 30 Apr 2021 By 31 May 2021
1-28 Apr 2021 1 Apr- 31 May 2021 By 30 Jun 2021
1-15 May 2021* 1 May- 30 Jun 2021 By 31 Jul 2021
*Why “1-15 May 2021” when the deadline is 30 Apr 2021? The latter refers to the application submission date, while the former refers to the card approval date

HSBC Revolution Sign-Up Offer: Existing Customers

Existing customers who apply by 30 April 2021 will receive up to S$60 cashback when they spend a minimum of S$500 in the qualifying spend period (1-2 months, see below). This consists of:

  • S$30 cashback for applying through SingPass MyInfo
  • S$30 cashback for meeting the S$500 minimum spend during the qualifying period

The qualifying spending period depends on when your card was approved, but will be between 1-2 months. The mechanics mean that it’s always better to apply towards the start of the month, as it gives you up to two months to meet your qualifying spend. 

Card Opening Date Qualifying Spend Period Notification Date
1-31 Mar 2021 1 Mar- 30 Apr 2021 By 31 May 2021
1-28 Apr 2021 1 Apr- 31 May 2021 By 30 Jun 2021
1-15 May 2021* 1 May- 30 Jun 2021 By 31 Jul 2021
*Why “1-15 May 2021” when the deadline is 30 Apr 2021? The latter refers to the application submission date, while the former refers to the card approval date

An important point to note: HSBC is doing something rather unusual with their definition of “existing customers”. While most banks simply define them as “anyone who isn’t a new customer”, HSBC adds the further conditions:

  • Existing HSBC Credit Card* must be issued more than 12 months earlier;
  • Did not cancel any HSBC Credit Card* within last 12 months

*HSBC Visa Infinite cards are the exception to this rule

For example, if you applied for a HSBC Advance Credit Card in November 2020, you will not count as an existing customer for the purposes of this promotion. Likewise, if you cancelled a HSBC Advance Credit Card in December 2020, you will not count as an existing customer for the purposes of this promotion.

This means you’re neither here nor there, in a limbo of sorts- not entitled to the new or existing customer gifts. I guess they’re trying to disincentivize those who apply for a lot of credit cards in quick succession, and it’s almost like they want you to be a “new” existing customer…

What spending is excluded?

The easiest way to hit your S$500 minimum spending is to go out and shop at a supermarket. Since you’ll earn 4 mpd here, there really is no opportunity cost involved in using the HSBC Revolution; in fact, it’s the card I’d use by default here anyway. 

Do note that your transactions must post by the end of the qualifying period. It can take anywhere from 1-3 days from the date of the transaction for it to post to your account, so don’t leave your spending till the last moment. 

The minimum spend of S$500 does not include the following: 

  • Foreign exchange transactions (including but not limited to Forex.com);
  • Donations and payments to charitable, social organisations and religious organisations;
  • Quasi-cash transactions (including but not limited to transactions relating to money orders, traveler’s checks, gaming related transactions, lottery tickets and gambling);
  • Payments made to financial institutions, securities brokerages or dealers (including but not limited to the trading of securities, investments or crypto-currencies of any kind);
  • Payments on money payments/transfers (including but not limited to Paypal, SKR skrill.com, CardUp, SmoovPay, iPayMy);
  • Payments to any professional services provider (including but not limited to GOOGLE Ads, Facebook Ads, Amazon Web Services, MEDIA TRAFFIC AGENCY INC);
  • Top-ups, money transfers or purchase of credits of prepaid cards, stored-value cards or e-wallets (including but not limited to EZ-Link, Transitlink, NETS Flashpay and Youtrip);
  • Payments in connection with any government institutions and/or services (including but not limited to court costs, fines, bail and bond payment);
  • Any AXS and ATM transactions;
  • Tax payments (including HSBC Tax Payment Facility);
  • Payments for cleaning, maintenance and janitorial services (including property management fees);
  • Payments to insurance companies (including but not limited to sales, underwriting, premiums and insurance services);
  • Payments to educational institutions;
  • Payments on utilities;
  • The monthly instalment amounts under the HSBC Spend Instalment;
  • Balance transfers, fund transfers, cash advances, finance charges, late charges, HSBC’s Cash Instalment Plan, any fees charged by HSBC;
  • Any unposted, cancelled, disputed and refunded transactions.

The key exclusions to note here are insurance, utilities, education, government transactions as well as CardUp/ipaymy. These were all excluded from 1 July 2020 onwards as part of HSBC’s revised rewards terms and conditions.

The full T&C of this offer can be found here.

Conclusion

Earn a no-fuss 4 mpd on dining with the HSBC Revolution- whether it’s a hotel restaurant or stand-alone one

The HSBC Revolution is one of the most useful cards to have right now, and what I particularly like is that it awards 4 mpd on both dining and hotels. This solves the age old question of “what card should I use to pay at hotel restaurants?” It’s also the most straightforward way of earning 4 mpd at Cold Storage (remember: UOB cards will only earn SMART$ here), and paying for staycations. 

HSBC Revolution
Apply here

All in all, the HSBC Revolution is a great multi-role card, and one to add to your wallet. The improved sign-up offer represents 40% cashback, which you’ll earn on top of 4 mpd, and there’s very little to dislike here. 

Remember that you must apply by 30 April 2021 and be approved by 15 May 2021 to be eligible. 

Avatar
Aaron Wong
Aaron founded The Milelion with the intention of helping people travel better for less and impressing chiobu. He was 50% successful.

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SSHH

Is this card 4 mpd for RedMart orders as well?

Eugene

I clicked on the link but it still shows $180 cash back

Eugene

And spending requirement is still $800

Amanda

cant seem to get pass the selection of card stage. Are we required to apply for multiple cards in order to proceed?

Amanda

Mystery solved. Apparently, it’s not mobile optimized. Gotta tilt to landscape to see the button to proceed

Liam

isit just me or is there issue with the hsbc website linking myinfo details? “We are unable to proceed with your application using the personal data from MyInfo. Please complete your application by selecting the ‘Upload ID’ or ‘Fill in’ option”

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