HSBC has launched the HSBC TravelOne Card, its first entry-level miles card. Cardholders can look forward to 12 airline and hotel transfer partners (with more to come by the end of 2023), instant or <1 business day conversions with no admin fees, and four complimentary lounge visits.
There’s also a 20,000 miles sign-up offer that’s good for both new and existing HSBC cardholders, with a minimum qualifying spend of just S$800.
On top of this, SingSaver is offering new HSBC cardholders an extra S$30 cash, so read on for the details.
HSBC TravelOne Card sign-up offer
 HSBC TravelOne Card | ||
| Apply Here | ||
| SingSaver T&Cs | ||
| HSBC T&Cs | ||
| Income Req. | Annual Fee | FCY Fee |
| S$30,000 | S$194.40 | 3.25% |
| Local Earn | FCY Earn | Transfer Partners |
| 1.2 mpd | 2.4 mpd | 12 |
New-to-bank only
New-to-bank cardholders who apply for a HSBC TravelOne Card till 2 July 2023 will receive S$30 cash from SingSaver upon submitting their approval email to [email protected]
| ❓ New-to-bank |
New-to-bank cardholders are defined as those who:
|
 |
| Apply Here |
| SingSaver T&Cs |
| HSBC T&Cs |
However, if you’re a new-to-bank cardholder, a better option might be to apply for a HSBC Revolution Card first to get:
- S$150 cashback with S$1,000 min. spend (from HSBC)
- S$30 cash from SingSaver
After that, you can apply for the TravelOne Card as an existing cardholder and still get the 20,000 bonus miles mentioned below.
For the full details, refer to the post below.
HSBC Revolution: Up to S$180 cash or Samsonite luggage for new sign-ups
New-to-bank & existing
Both new-to-bank and existing HSBC cardholders who apply for a HSBC TravelOne Card from 11 May to 31 August 2023 will receive 20,000 bonus miles (in the form of 50,000 HSBC points) when they:
- Pay the annual fee of S$194.40
- Spend at least S$800 during the qualifying spending period
- Opt-in for marketing communications during the sign-up process
The qualifying spending period is as follows:
| Card Account Opening Date | Qualifying Spend Period |
| 11-31 May 2023 | 11 May to 30 Jun 2023 |
| 1-30 Jun 2023 | 1 Jun to 31 Jul 2023 |
| 1-31 Jul 2023 | 1 Jul to 31 Aug 2023 |
| 1-31 Aug 2023 | 1 Aug to 30 Sep 2023 |
| 1-15 Sep 2023 | 1 Sep to 31 Oct 2023 |
New-to-bank cardholders can think of the S$30 as a further subsidy of the annual fee, which reduces the cost per mile to 0.82 cents ([S$194.40-S$30]/20,000 miles)
Application steps
- Apply via the links in this article
- Complete the SingSaver Rewards Redemption Form that is sent to your email, within the first 14 days of application. Ensure that the name, mobile number and email address submitted to SingSaver are the same as that used in the credit card application
- Provide HSBC with your consent to receive marketing and promotional materials, and do not revoke it before the gift is fulfilled
- Once you receive a card approval email from HSBC, forward it to [email protected] within one month of the approval date, and no later than 30 June 2023
I want to highlight step (3) in particular, because this is a condition unique to HSBC. You must provide marketing consent in order to have either gift fulfilled (SingSaver’s or HSBC’s).
Qualifying Spend
SingSaver S$30 cash
No minimum spend required for the SingSaver S$30 cash gift.
HSBC 20,000 miles
A minimum qualifying spend of S$800 must be made during the qualifying period.
“Qualifying Spend” refers to any retail transactions (including internet purchases) excluding the following:
|
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.
Gift Fulfilment
SingSaver S$30 cash
The gift will be fulfilled by 31 July 2023, via PayNow.
HSBC 20,000 miles
Bonus miles (in the form of HSBC points) will be credited within 90 days from the card opening date, provided the eligibility criteria is met.
Overview: HSBC TravelOne Card
| HSBC TravelOne Card | ||
| Apply Here | ||
| Income Req. | Annual Fee | FCY Fee |
| S$30,000 | S$194.40 | 3.25% |
| Local Earn | FCY Earn | Transfer Partners |
| 1.2 mpd | 2.4 mpd | 12 |
The HSBC TravelOne Card has a minimum income requirement of S$30,000, and an annual fee of S$194.40
Cardholders earn:
- 3X HSBC points per S$1 (1.2 mpd) on local spend
- 6X HSBC points per S$1 (2.4 mpd) on foreign currency spend
There is no minimum spend required, nor cap on the points that can be earned.
HSBC points earned on the HSBC TravelOne Card expire after 37 months, same as other HSBC credit cards.
Conversions can be done via the HSBC Singapore app (Android | iOS) and are processed “instantly or within one business day” (except Accor, which takes five business days). All conversion fees will be waived until 31 December 2023.
A total of 12 airline and hotel partners are currently available, a list that HSBC says will grow to more than 20 by the end of 2023.
| ✈️ HSBC TravelOne Airline Partners | |
| Frequent Flyer Programme | Conversion Ratio (HSBC Points : Partner) |
 | 25,000 : 10,000 |
 | 25,000 : 10,000 |
 | 25,000 : 10,000 |
 | 25,000 : 10,000 |
 | 25,000 : 10,000 |
 | 25,000 : 10,000 |
 | 25,000 : 10,000 |
 | 25,000 : 10,000 |
 | 25,000 : 10,000 |
| 🏨 HSBC TravelOne Hotel Partners | |
| Hotel Programme | Conversion Ratio (HSBC Points : Partner) |
 | 25,000: 5,000 |
 | 25,000: 10,000 |
 | 25,000 : 10,000 |
Conclusion
| HSBC TravelOne Card | ||
| Apply Here |
SingSaver is now offering new-to-bank HSBC cardholders an extra S$30 cash on top of the regular 20,000 miles public offer.
Remember to submit your approval email to SingSaver as soon as you get it, and fill out the rewards redemption form in order to get your reward.
