New HSBC welcome offer: S$250 cash or choice of gadgets


HSBC's first welcome offer of 2024 sees a choice of S$250 cash or various gadgets with a minimum spend of S$500.

SingSaver has launched a new promotion for HSBC credit cards, which runs from now till 31 January 2024.

New HSBC credit cardholders who apply during this period can choose from one of the following gifts:

  • JBL Xtreme 3 Portable Bluetooth Speaker
  • Xiaomi Robot Vacuum S10
  • Apple AirPods Gen 3 + MagSafe Charger Bundle
  • S$250 cash

Do note that this offer replaces HSBC’s regular sign-up gifts, i.e. S$150 cashback (Advance, Revolution, Visa Platinum) or 20,000 bonus miles (TravelOne), so you won’t be able to stack the two.

On the plus side, the minimum spend for SingSaver gifts is just S$500, half the S$1,000 required for HSBC’s regular sign-up gifts.

Eligible Cards

From 12-31 January 2024, new HSBC credit cardholders who apply for any of the following products will be eligible for this offer:

Card Income Req. Annual Fee
HSBC Revolution
S$30K N/A
HSBC TravelOne Card
S$30K S$196.20
(must be paid)
HSBC Advance
S$30K S$196.20
(first year free)
HSBC Visa Platinum 
S$30K S$196.20
(first 2 years free)
❓ New HSBC credit cardholders

New HSBC credit 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 HSBC credit cardholder.

The S$196.20 annual fee must be paid if you choose the HSBC TravelOne Card. Do note that paying the annual fee does not entitle you to any bonus miles, so for this campaign I’d recommend applying for an Advance, Revolution or Visa Platinum instead where the annual fee need not be paid (or where there’s no annual fee, in the case of the Revolution).

Do also note that holding a HSBC Visa Infinite or HSBC TravelOne Card does not, in and of itself, disqualify you from counting as a new-to-bank customer. HSBC puts these two cards in a separate category when determining new-to-bank status, which I’ve explained in this post.

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

Qualifying Spend

A minimum qualifying spend of S$500 must be made by the end of the calendar month after card approval. For example, cards opened on 15 January 2024 will have until 29 February 2024 to meet the qualifying spend.

This includes any retail transactions (whether online or offline), excluding 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 (Electric, Gas, Water, and Sanitary);
  • 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.

Gift Fulfilment

All gifts will be fulfilled within three months after the bank report is received confirming the completion of all promotional criteria.

Terms & Conditions


From now till 31 January 2024, SingSaver is offering a choice of S$250 or three gadgets for new HSBC credit cardholders who apply for a card and meet a minimum spend of S$500.

If you don’t have a HSBC Revolution Card yet (see my review here), then this is a great opportunity to pick up some additional gifts in the process. Be sure to submit your applications before the deadline, and fill in the SingSaver redemption form.

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

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HSBC always comes up with an endless stream of sign on offers. Question is how many of it can you really get or just a waste of time/


would anyone know if ecapita vouchers would count towards the $500 qualifying spend? saw a post saying the mcc code is 6540 “POI (Point of Interaction) Funding Transactions (Excluding MoneySend)” but unsure if that counts as quasi cash since they don’t list numbers