HSBC TravelOne Card offering 20,000 miles sign-up bonus

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 an additional sign-up gift for new HSBC cardholders who apply via its website. 

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 31 August 2023 will receive a S$30 from SingSaver upon submitting their approval email to info@singsaver.com.sg

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

After that, you can apply for the TravelOne Card as an existing cardholder and still get the 20,000 bonus miles mentioned below. 

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:

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

1. Apply via the links in this article
2. 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
3. Provide HSBC with your consent to receive marketing and promotional materials, and do not revoke it before the gift is fulfilled
4. Once you receive a card approval email from HSBC, forward it to info@singsaver.com.sg

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 gift

No minimum spend required for the SingSaver S$30 cash.

HSBC gift

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 gift

Gifts will be fulfilled within two months of application. 

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

The HSBC TravelOne Card is offering a 20,000 miles sign-up bonus for both new and existing customers that’s valid for applications by 31 August 2023. On top of this, new customers who apply via SingSaver can get an extra gift of S$30 cash.

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.