New HSBC welcome offer: S$150 eCapitaVoucher and S$150 cashback or 20,000 miles

HSBC credit cards are back on SingSaver once again, with one of the best welcome offers we’ve seen yet.

From now till 8 November 2023, new-to-bank applicants will receive a S$150 eCapitaVoucher upon approval for selected HSBC credit cards. This is further stackable with HSBC’s regular welcome offers, namely:

• HSBC Revolution, Advance, Visa Platinum: S$150 cashback or Samsonite luggage
• HSBC TravelOne Card: 20,000 bonus miles

I’d consider the HSBC Revolution to be an absolutely essential part of my miles strategy, so if you don’t have one yet, then this is as good an opportunity as any.

SingSaver gift: S$150 eCapitaVoucher

From now till 8 November 2023, new-to-bank applicants for the following cards will receive a S$150 eCapitaVoucher from SingSaver upon approval, with no minimum spend required. 

Card	Income Req.	Annual Fee
HSBC Revolution Apply	S$30K	N/A
HSBC TravelOne Card Apply	S$30K	S$194.40
HSBC Advance Apply	S$30K	S$194.40
HSBC Visa Platinum  Apply	S$30K	S$194.40
❓ New-to-bank
New-to-bank cardholders are defined as those who: Do not hold any principal HSBC credit card (except the HSBC TravelOne Card or HSBC Visa Infinite) Have not cancelled a principal HSBC credit card in the past 12 months prior to application (except the HSBC TravelOne Card or HSBC Visa Infinite) In other words, someone who only holds a HSBC TravelOne Card and/or HSBC Visa Infinite will count as a new-to-bank cardholder.

You can only receive the gift for a maximum of one card, and approvals must be received by 14 days after 8 November 2023.

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

HSBC gift

Since the HSBC Advance and HSBC Visa Platinum are cashback cards, I’m going to focus on the sign-up offers for the HSBC Revolution and HSBC TravelOne Card instead.

Once again, a reminder that you will only be eligible for the sign-up gifts if you consent to receive marketing or promotional materials from HSBC at the time of application, and have not revoked that consent at the time of gift crediting.

HSBC Revolution Card

For applications submitted by 31 December 2023, new-to-bank customers can choose between the following gifts: 

• Samsonite ZELTUS 69cm Spinner Exp with built-in scale
• S$150 cashback

To qualify for the gift, you must spend at least S$1,000 during the qualifying spend period, defined as the month of approval till the end of the following month. In other words, you have 1-2 months to meet the minimum spend, depending on when you’re approved. 

HSBC TravelOne Card

For applications submitted by 31 December 2023, all customers, whether new-to-bank or existing, 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$1,000 during the qualifying spending period

The qualifying spend period is defined as the month of approval till the end of the following month. In other words, you have 1-2 months to meet the minimum spend, depending on when you’re approved. 

Spend exclusions

The minimum spend can be met by 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

The S$150 eCapitaVoucher will be fulfilled within three calendar months after SingSaver receives the bank report confirming the completion of the promotion criteria. 

HSBC gift

HSBC Revolution: Collection notification will be sent by the last week of the month, two months after approval. For example, for approvals received in September 2023, collection notification will be sent by the last week of November 2023.

HSBC TravelOne: Bonus miles (in the form of HSBC points) will be credited within 90 days from the card opening date. 

Terms & Conditions

• Singsaver Rewards
• HSBC Revolution gift
• HSBC TravelOne 20,000 miles offer

Overview: HSBC Revolution Card

HSBC Revolution Card

Apply Here

The HSBC Revolution Card has a minimum income requirement of S$30,000, and no annual fee.

Cardholders will earn 4 mpd on online and offline contactless payments made at the following merchants, capped at S$1,000 per calendar month.

This is a very wide range of everyday merchants, which makes the HSBC Revolution an almost essential card to have in your arsenal. 

To sweeten the deal, cardholders receive a complimentary copy of The Entertainer with more than 1,000 1-for-1 offers for dining, entertainment and travel. Spending on the HSBC Revolution is also eligible to earn a bonus 1% cashback with the HSBC Everyday Global Account, capped at S$300 per month for HSBC Personal Banking members.

For a full review of the HSBC Revolution, refer to the post below.

Review: HSBC Revolution Card

Overview: HSBC TravelOne Card

HSBC TravelOne Card

Apply Here

The HSBC TravelOne Card has a minimum income requirement of S$30,000, and an annual fee of S$194.40 (waivable in the first year, provided you don’t mind missing out on the 20,000 miles welcome offer).

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.

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. 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.

For a full review of the HSBC TravelOne Card, refer to the post below.

Review: HSBC TravelOne Card

Conclusion

If you don’t have a HSBC credit card yet, you can enjoy a S$150 eCapitaVoucher upon approval, plus a further gift of S$150 cashback, a Samsonite luggage bag or 20,000 bonus miles, depending on which card you apply for.

Be sure to submit your applications by 8 November 2023 to be eligible, and fill in the SingSaver redemption form.