HSBC Revolution: 4 mpd on travel & contactless, enhanced bonus cap extended till Feb 2026

Back in July, the HSBC Revolution Card had an almighty resurrection, where it not only reinstated bonuses for travel-related and contactless spending, but also raised the monthly 4 mpd bonus cap by 50% to S$1,500.

This was a welcome — if unexpected — turnaround, following an absolutely torrid 2024 that saw the removal of numerous bonus categories, the axing of complimentary travel insurance, and even a devaluation of KrisFlyer conversions. Moreover, it created an excellent opportunity to rack up valuable HSBC rewards points, which have 20 transfer partners, free and instant conversions, and conversion blocks as small as two miles.

HSBC originally positioned this as a limited-time boost that would run for four months and end on 31 October 2025, but has now doubled the duration to 28 February 2026, giving cardholders an eight-month window to enjoy this revival!

HSBC Revolution Card extends enhancements till February 2026

HSBC Revolution Card

Apply (HSBC)

Apply (SingSaver)

From 1 July 2025 to 28 February 2026, the HSBC Revolution Card will:

• reinstate 4 mpd for travel-related transactions
• reinstate 4 mpd for contactless spending
• increase its monthly bonus cap from S$1,000 to S$1,500

Here’s a table that summarises the changes.

	Regular	1 Jul 25 to 28 Feb 26
Dining	4 mpd Online	4 mpd Online Contactless
Shopping	4 mpd Online	4 mpd Online Contactless
Transport	4 mpd Online	4 mpd Online Contactless
Travel	N/A	4 mpd Online Contactless
Bonus Cap	S$1,000 per c. month	S$1,500 per c. month

As a reminder, all transactions must post by 28 February 2026 to qualify. Transactions which post after this date will be subject to the regular rules, even if they were made during the promotion period.

The T&Cs of this offer can be found here.

Bonuses for travel-related spending restored

On 1 January 2025, the HSBC Revolution Card removed bonuses for travel-related expenditure.

However, for the duration of the promotion period, HSBC will restore this bonus category and offer 4 mpd for airlines, car rental, hotels and cruise line transactions. These are defined by the following MCCs.

Do note that MCC 4722 is not included, so online travel agencies like Airbnb, Expedia, Hotels.com, Pelago, Klook, KKday and Trip.com will not be eligible for the bonus.

Bonuses for contactless spending restored

On 15 July 2024, the HSBC Revolution Card stopped awarding bonuses for contactless payments, and limited bonuses to online transactions only.

However, for the duration of the promotion period, HSBC will once again offer 4 mpd for contactless payments made under the following MCCs.

Travel

Department Stores & Retail

Dining

Transport & Membership Clubs

Contactless payments refer to transactions made via Visa payWave (i.e. tapping the physical card), Apple Pay or Google Pay.

For the avoidance of doubt, you will continue to earn 4 mpd for online transactions made in these categories too.

If you’re in doubt about the MCC of a given merchant, use one of the three methods below to verify it before making a transaction.

Monthly bonus cap increased to S$1,500

As a reminder, the HSBC Revolution Card earns 10X HSBC points per S$1 (4 mpd) on its bonus categories, split into:

• A base reward of 1x HSBC points per S$1 (0.4 mpd)
• A bonus reward of 9x HSBC points per S$1 (3.6 mpd)

The bonus reward is usually capped at 9,000 points per calendar month, equivalent to S$1,000 of spending. For the duration of the promotion period, the bonus cap will be increased to 13,500 bonus points per calendar month, equivalent to S$1,500 of spending.

Any spend in excess of the bonus cap will continue to earn the base reward of 1x HSBC points per S$1 (0.4 mpd).

Bonus points will be credited by the end of the calendar month following the transaction. While HSBC does not provide a fixed crediting date; historical data points suggest it typically falls between the 9th and 19th of the month.

Terms & Conditions

The T&Cs for this promotion can be found here.

What can you do with HSBC points?

HSBC points can be transferred to 20 airline and hotel partners, at the ratios shown in the table below.

✈️ HSBC Airline Partners
Frequent Flyer Programme	Conversion Ratio (HSBC Points : Partner)
	50,000 : 10,000
	35,000 : 10,000
	35,000 : 10,000
	35,000 : 10,000
	35,000 : 10,000
	35,000 : 10,000
	30,000 : 10,000
	30,000 : 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 Hotel Partners
Hotel Programme	Conversion Ratio (HSBC Points : Partner)
	30,000 : 10,000
	25,000 : 5,000
	25,000 : 10,000
	25,000 : 10,000

The crucial thing to know here is that not all partners share the same transfer ratio. Therefore, the effective earn rate depends on the partner you choose.

For example, 10 HSBC points per S$1 is equivalent to 4 mpd only if you choose a partner with a 25,000 points = 10,000 miles transfer ratio, like British Airways Executive Club or EVA Air Infinity MileageLands. If you choose KrisFlyer, where the ratio is 30,000 points = 10,000 miles, then the earn rate is 3.33 mpd.

All conversions must be done via the HSBC Singapore app (Android | iOS) and are processed instantly, with the exception of the following:

• Hainan Fortune Wings Club: Within 5 business days
• Japan Airlines Mileage Bank: Within 10 business days

Conversions are free of charge until further notice, and HSBC points are pooled across cards. 

While the minimum transfer block is 10,000 miles/points (Accor: 5,000 points), the subsequent block is just 2 miles (Accor: 1 point). In other words, you could choose to transfer 10,002 miles or 20,958 miles, which helps you avoid orphan points. 

What a lovely renaissance this is turning out to be!

When the HSBC Revolution’s enhancements were first unveiled in July 2025, I remarked that it was a much-needed win after wave after wave of bad news.

In the months leading up to the announcement, we’d seen the Chocolate Visa Card cut its earn rates and cap miles for bill payments, Maybank cards exclude charitable donations, and more than 250 Kris+ merchants slash their earn rates.

But unfortunately, things have only gotten worse since then!

• The DBS Woman’s World Card cut its bonus cap from S$1,500 to S$1,000
• The UOB Lady’s Solitaire cut its bonus cap from S$2,000 to S$1,500, and further divided it into two sub-caps of S$750 each
• The UOB Visa Signature split its bonus cap into two sub-caps of S$1,200 each
• The UOB Preferred Platinum Visa will split its bonus cap into two sub-caps of S$600 each on 1 October 2025
• The KrisFlyer devaluation has been confirmed for 1 November 2025

So I’m pretty stoked that we now have an extra four months to enjoy the HSBC Revolution’s extra bonus categories and cap. I can think of plenty of use cases for this card, not just for travel (there’s no other card on the market that specifically rewards car rentals), but also Atome, HeyMax, and gym memberships. 

There’s just three things I’d call your attention to:

• MCC 4722 has not been re-included under travel, so don’t use this card for Airbnb, activities booking platforms like Klook and Pelago, or any online or offline travel agents
• MCC 5814 is not included under dining, so don’t use this card at any fast food restaurants, Starbucks, or other grab-and-go type places (check the MCC if uncertain)
• This is not the card to use if you want to earn KrisFlyer miles, since the conversion cost is 20% higher than other partners like Asia Miles, Flying Blue, and EVA Infinity MileageLands

Max this card out each month for the entire eight-month period, and you’d earn 120,000 HSBC rewards points, worth up to 48,000 miles. 

HSBC Revolution welcome offer

HSBC Revolution Card

Apply (HSBC)

Apply (SingSaver)

If you don’t have a HSBC Revolution Card yet, you might be eligible for a welcome offer either with HSBC or SingSaver.

Either way, you must be a new-to-HSBC cardholder, defined as anyone who:

• Does not currently hold any existing principal HSBC credit card, and
• Has not cancelled a principal HSBC credit card in the past 12 months before application

You must also consent to receive marketing and promotional materials at the time of application, and do not revoke that consent until the gift is fulfilled.

There is a welcome gift of S$50 cashback with a minimum spend of S$500 for existing HSBC cardholders, defined as anyone:

• Whose most recent principal HSBC credit card was issued more than 12 months ago, and
• Has not cancelled a principal HSBC credit card in the past 12 months before application

For the avoidance of doubt, you cannot stack the HSBC and SingSaver offers; you must pick one or the other. 

Conclusion

The HSBC Revolution Card will now offer bonuses on travel and contactless spending, as well as an enhanced bonus cap, until 28 February 2026 at least. 

It’s a remarkable revival of a card that I practically wrote off at the start of the year, and long may it continue. With all the nerfs we’ve been seeing to other specialised spending cards, goodness knows we need a reason to cheer right now.