HSBC offering up to S$50 cashback on recurring payments (including insurance, charity and education)


Register and earn up to S$50 cashback by making recurring payments to charities, clubs, enrichment, gyms, insurance, utilities and more.

Back in July, HSBC launched a recurring payments promotion that allowed registered cardholders to earn up to 4 mpd and a S$50 cash rebate on selected recurring payments, simply by charging them to HSBC credit cards.

This promotion has now been refreshed to cover recurring payments from November 2021 to January 2022. Cardholders will need to register again, even if they signed up for the previous campaign. 

Recurring Payments Promo

This is a great opportunity to pick up some extra cashback, even on transactions that wouldn’t normally qualify for rewards like insurance, education and donations. 

HSBC Recurring Payments Promotion

HSBC cardholders must first register through this form, using the gift code OCT RECUR (yes, there’s a space in between). Registration must be done by 31 October 2021.

Once registered, cardholders can earn up to a S$50 cash rebate by charging recurring payments at eligible merchants to their HSBC card from 1 November 2021 to 31 January 2022. 

  • 1x unique eligible merchant: S$15 rebate
  • 2x unique eligible merchants: S$30 rebate
  • 3x unique eligible merchants: S$50 rebate

Each payment in a recurring payment series must be at least S$10 in value, and each recurring payment series must take place for three consecutive months. All three payments must fall within the promotion period. 

Cardholders must also not have charged a previous recurring transaction with the eligible merchant to any HSBC credit card from 1 August to 30 September 2021 (I’ll explain more in the section below).

The first 2,000 cardholders to satisfy the requirement above will receive the cash rebates. 

Which merchants are eligible?

Recurring payments must be made with one or more of the following merchants:

Category Merchants 4 mpd?
Charities SG Children’s Society, SG Cancer Society, Children’s Cancer Foundation, Club Rainbow, Hospice Care Association, Community Chest, The ST School Pocket Money Fund, National Kidney Foundation (NKF), SG Heart Foundation, TOUCH Community Services, World Wildlife Fund (WWF)
Clubs &
Raffles Town Club, SICC, Keppel Club Singapore, Republic of Singapore Yacht Club, Singapore Cricket Club, Seletar Country Club ✅*
Enrichment Merchants under MCC 8299
(e.g. Agrader Learning Centre, Aureus Academy, EduFirst Learning Centre, Mindchamps, Mulberry Learning)

Food Food Subscription Plans only
Hook Coffee, Perk Coffee, Cowpresso Coffee Roasters, Lean Bento, Grain, YOLO, Box Green
Food Delivery
Foodpanda, Deliveroo
Health &
F45, Classpass, Anytime Fitness, Evolve MMA, Fitness First, Platinum Yoga, Pure Fitness, True Fitness, True Yoga, UFIT Clinic, Virgin Active, Revel Cycle, Groundzero, Athlete Lab, Aquaspin, Barry’s, Boom Singapore, Ritual, Hom Yoga, GYMMBOXX ✅ 
Insurance Merchants under MCC 6300, 6381, 6399
(e.g. AIA, Direct Asia,Etiqa, Great Eastern, Prudential)

Media & 
SPH, Netflix, Spotify, Disney+, Financial Times, The Economist, Bloomberg, New York Times, Singtel CAST, Amazon Prime, Hotstar, Starhub TV+ ❌^
Ride Hailing Comfort Delgro, Gojek
Svcs, LinkedIn, Zoom, Adobe ✅^
Telecoms Singtel, M1, StarHub, Circles Life, GOMO, giga, MyRepublic, TPG Telecom ❌ 
Utilities Parking.SG, Best Electricity Supply, Diamond Electric, iSwitch, Keppel Electric, SP services, Sunseap Energy, all Town Councils, HDB Season Parking
^Only those which fall under MCC 5968 (i.e. Economist, NY Times, LinkedIn) or MCC 5734 (i.e. SPH, Adobe)  will earn 4 mpd
*Only those which fall under MCC 7997 will earn 4 mpd

While your transactions need to be across different merchants, they need not be across different categories. For example, you could charge recurring payments to both Singtel and StarHub during the promotion period, and earn a S$30 rebate for 2x unique eligible merchants. 

As per the T&C, you must not have had a recurring transaction with a particular merchant on any HSBC credit card from 1 August to 30 September 2021. For example, if you already used your HSBC Revolution for a Gojek ride in September 2021, taking a Gojek ride each month from November 2021 to January 2022 won’t count towards this campaign.

I’ve added a column in the table above indicating which categories are eligible to earn 4 mpd with the HSBC Revolution. It’s clear cut in some cases (all utilities and insurance transactions won’t earn 4 mpd), and a bit messy in others (some of the media & entertainment merchants will earn 4 mpd, others (e.g. Disney+) will not). 

Since charity, insurance, utilities and enrichment will not earn rewards with most credit cards unless you can do the GrabPay workaround by topping up your account with an AMEX True Cashback, AMEX HighFlyer Card or UOB Absolute Card and then paying via GrabPay Mastercard this campaign represents your best chance of earning something back on these transactions. 

Can supplementary cardholders register?

Supplementary cardholders cannot register for this promotion, but their spending will be consolidated under the main cardholder’s account for the purpose of accumulating the relevant minimum qualifying spend. 

When will the rebate be credited?

The cash rebate will be credited by 31 March 2022.

Terms and conditions

The full T&C and FAQ for this promotion can be found here. 


HSBC’s latest recurring payments promotion covers a wide range of merchants, and most cardholders should be able to find at least one or two categories to earn bonus cashback. In fact, you might as well shift your insurance premiums here for a few months, since earning S$15/30/50 cashback is better than earning nothing at all.

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

HSBC is currently offering its largest ever sign-up offer: S$330 cashback or an iRobot Roomba 692 (worth S$818) upon approval for selected HSBC credit cards and a minimum spend of just S$500. This runs till 13 October 2021, so don’t wait. 

My personal choice would be to get a HSBC Revolution, one of the best cards on the market right now with 4 mpd on a wide range of categories, no annual fee and a free copy of The Entertainer. 

Aaron Wong
Aaron Wong
Aaron founded The Milelion to help people travel better for less and impress chiobu. He was 50% successful.

Similar Articles



Notify of

Inline Feedbacks
View all comments

lion boss – i think the word “recurring” is a bit misunderstood.

taking adhoc rides i.e. Gojek in Nov and then Comfort in Dec is considered recurring?


the HSBC web FAQ says:

Q: How do I set up a recurring bill payment?
You can save your card on the merchant’s app or website to charge for your memberships or subscriptions.


i believe a transaction which is “recurring” or “ad-hoc” has a different tagging? so if were to do gojek/comfort rides, it wouldn’t trigger HSBC to qualify these transactions? i am a bit confused of the qualifying mechanism.