The HSBC Revolution Card is a no-frills bank card that permits you to earn HSBC rewards factors for many issues that almost all Singaporeans do anyway — eating out, on-line procuring, travelling and extra.
Not like cashback playing cards that pressure you to work your mind and micromanage your bills, this HSBC bank card has no minimal spend and no restrict on the rewards you could earn.
Sounds just like the HSBC Revolution Card might make a worthy companion? Preserve studying.
HSBC Revolution Card phrases and circumstances
| HSBC Revolution Card | |
| Annual charge | $0 |
| Supplementary annual charge | $0 |
| Curiosity free interval | 20 days |
| Annual rate of interest | 25.90% |
| Late cost charge | $55 |
| Minimal month-to-month compensation | 3% or $50, whichever is larger |
| International foreign money transaction charge | 2.80% |
| Money advance transaction charge | 6% or $15, whichever is larger |
| Overlimit charge | $40 |
| Minimal annual revenue | $30,000 (Singaporean/PR) / $40,000 (self-employed Singaporean/PR, or non-Singaporean) |
| Card affiliation | Visa |
| Wi-fi cost | Visa payWave, Apple Pay |
How does the HSBC Revolution Card work?
The HSBC Revolution Card is a rewards bank card, which suggests you accumulate HSBC Rewards factors as you spend. After you have sufficient, redeem them for chosen items and companies, or air miles. You may even utilise the HSBC Singapore app to go for cost of massive ticket purchases in month-to-month instalments.
This card affords 10X Rewards factors (or 4 miles per greenback) on on-line and contactless spending. Right here’s a breakdown on what which means: 10X Rewards factors = 1 Reward level (base level) + 9 Rewards factors (bonus factors). Whereas there’s no month-to-month cap on the bottom factors you earn, bonus factors are subjected to a month-to-month cap of 9,000.
For every part else, you earn 1X Reward level for every greenback spent.
There is no such thing as a minimal spending requirement for the rewards, which suggests you don’t have to stress out about having to spend hundreds of {dollars} on the cardboard each month.
Observe that Rewards factors are legitimate for 37 months solely. So test the precise expiry date in your card assertion or HSBC Web Banking profile.
Who ought to use the HSBC Revolution Card?
With no minimal spend and no expenditure cap, the HSBC Revolution Card is among the best playing cards to reap advantages from. It’s notably appropriate for younger Singaporeans who simply began working — there’s zero strain to spend. Chalk up excessive Rewards factors once you make on-line purchases, and go for contactless cost once you dine out and purchase groceries.
However like all rewards playing cards, the largest downside is that you simply don’t get any precise a refund. These are cashback playing cards. As a substitute, you earn Rewards factors, and the way engaging these factors are to you actually is dependent upon whether or not you have got any use for what’s of their rewards catalogue.
Probably the most sensible choices can be to alternate your factors for petrol or grocery vouchers. You can too flip your factors into prompt rewards by way of the “Pay with Factors” characteristic on the HSBC Singapore app. So you may offset your spending from 4,000 factors for $10, and each incremental $1 at 400 factors thereafter.
HSBC bank card promotions
Zalora
- 20% off storewide with no minimal spend for brand spanking new Zalora clients. Promo code: “HSBCNEW2020”. Legitimate until 31 December 2020.
Color Me Mats
- 10% off with the promo code “HSBCCMM”. Legitimate until 31 Could 2021.
TC Acoustic
- 10% low cost for all Klipsch merchandise. Legitimate until 30 April 2021.
Options to the HSBC Revolution Card
Let’s try how this card stacks up in opposition to different rewards playing cards aimed toward entry stage earners.
Citi Rewards Card – You earn a really engaging 10X rewards (4 miles per greenback) once you store for sneakers, baggage and garments, each on-line and offline. Get 10X rewards too for sensible causes too, like shopping for groceries on-line and spending on rides with Seize and Gojek.
DBS Lady’s Card – This one affords 5X DBS factors (2 miles per greenback) for each $5 spent on-line and abroad, however expenditure is capped at $1,000 a month, which is definitely burst if, say, you employ it for journey bookings. Nonetheless, DBS has a significantly better redemption catalogue with vouchers from CapitaMalls Asia, FairPrice and extra, and a few of them are cheaper to redeem.
UOB Most well-liked Platinum Card – Stand up to 10 UNI$ for each $5 spent on on-line procuring and leisure, and cell contactless cost. Complete UNI$ awarded is capped at $2,000 per 30 days.
As talked about, these factors are solely as helpful because the rewards within the catalogue, so ensure you “store” round earlier than deciding. It’s not that straightforward to only evaluate the earn charges as a result of the banks’ factors are completely different “currencies” relating to redeeming rewards.
The one factor you could evaluate apple to apple is air miles. Should you’re severe about chasing air miles, the 10X rewards playing cards will certainly get you there quicker.
Nonetheless, when you’re simply beginning to handle your funds, you don’t need to be overwhelmed with too many phrases & circumstances. The HSBC Revolution Card nonetheless wins because the least troublesome card due to its enormous vary of bonus rewards classes and lack of expenditure cap.
Which is your go-to rewards card? Share your suggestions within the feedback!
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