Really back this time: Get S$300 cashback with a new HSBC Revolution Card

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For a limited time, get S$300 cashback with a new HSBC Revolution Card- one of the best 4 mpd cards on the market.

Back in March, HSBC was offering an upsized S$300 cash to new-to-bank customers who applied for a HSBC Revolution through SingSaver. That offer ended up being so popular it was pulled six days early. 

If you missed out on that deal, here’s the good news: for a limited time, HSBC has brought back the S$300 offer once more. This is a fantastic opportunity to hop onboard one of the best cards on the market, earning 4 mpd on groceries, dining, hotels, online shopping, transport and more.

You might recall that HSBC prematurely took this offer live on 18 May, subsequently removing it a few hours later. HSBC has told me they’ll honor the S$300 offer for anyone who applied during the period the erroneous T&Cs were live (but hasn’t told me exactly what that timeframe was). This time round, we can be sure the offer’s for real, courtesy of HSBC’s Facebook page. 

Get S$300 cashback with a HSBC Revolution

HSBC Revolution
Income Req. Annual Fee
S$30,000 None
Apply here
Read the Full Review

New-to-bank cardholders who apply by 7 June 2021 will receive up to S$300 cashback when they spend at least S$500 within 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 one qualifying transaction in the first month of card opening
  • S$220 cashback for meeting the S$500 minimum spend during the qualifying period
⚠️ New-to-bank cardholders 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. 

Card Opening Date Qualifying Spend Period Notification Date
1-31 May 2021 1 May – 30 June 2021 By 31 Jul 2021
1-30 Jun 2021* 1 Jun – 31 Jul 2021 By 31 Aug 2021
*Remember, your application must be submitted by 30 May 2021, but the approval (and card opening date) may come a few days later

The T&C of this offer can be found here

What counts as qualifying spend?

The easiest way to hit your S$500 minimum spend is to go out and shop at a supermarket. Since you’ll earn 4 mpd with your HSBC Revolution, there really is no opportunity cost involved; 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;
  • 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, 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.

What can you use the HSBC Revolution for?

The HSBC Revolution is now the best card to use for grocery shopping

HSBC Revolution cardholders will earn an additional 9 HSBC Points for every S$1 spent on selected online and contactless transactions, whether in local or foreign currency. That’s a total earn rate of 10 HSBC Points per S$1 spent, or 4 mpd. The 4 mpd is capped at a maximum of S$1,000 per calendar month.

The following MCCs are eligible for bonus points:

💳 HSBC Revolution Bonus Categories
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
All transactions must be made online or via contactless payment

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, most restaurants, cafes, fast food outlets
  • Transportation and Membership Clubs: Comfort, Grab (excluding GrabPay top-ups), gojek, Fitness First

That’s a very wide range of merchants, and it’s not even a comprehensive list. If you’re curious about which specific merchants fall under what MCC, you can always use the Visa Supplier Locator.


Earn 4 mpd on dining with the HSBC Revolution- whether it’s a hotel restaurant or stand-alone one | Photo: Lime at PARKROYAL Pickering

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 60% cashback, which you’ll earn on top of 4 mpd, and there’s very little to dislike here. 

Remember that you must apply by 7 June 2021 and be approved by 30 June 2021 to be eligible for the S$300 cashback offer. 

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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Seems like HSBC has updated their T&Cs to show $200 already


Same here. This morning still show the $300 for 17-31May, but now when am about to apply, its back to $200 for 1may-30Jun21. Looks like promo is bring pulled off abruptly.

L s

Hi! just wondering if anyone has any updates about this… applied during the stated period but only got $300 instead of $200,.. CSO checked up and said its only 200$ despite me sending to them the T&Cs stating $300. 🙁


I am using this credit card now and this is a good card. Just to take note, as I only have OCBC saving account, I cannot use OCBC to pay HSBC credit card anymore as OCBC no longer support the PayAnyCard to HSBC since 3 May, we might need to use alternative way to pay the HSBC credit card.



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