If you’re looking for a credit card that offers great rewards without an annual fee, the HSBC Revolution Card is one to consider. This card is known for its generous rewards program, which offers up to 10X reward points on online and contactless spending. What’s more, the annual fee for the HSBC Revolution Card was removed on August 1, 2020, making it an even more attractive option for Singaporeans looking to save money.
Of course, as with any credit card, it’s important to understand the details of the HSBC Revolution Card’s rewards program and annual fee policies before applying. In this article, we’ll take a closer look at the HSBC Revolution Card’s features and benefits, including how to earn and redeem rewards, the annual fee and waiver details, and additional perks and offers. We’ll also cover eligibility requirements and the application process, so you can make an informed decision about whether the HSBC Revolution Card is right for you.
Key Takeaways
- The HSBC Revolution Card offers up to 10X reward points on online and contactless spending, with no annual fee.
- To qualify for the annual fee waiver, you must spend a minimum of $12,500 annually on your HSBC Revolution Card.
- In addition to its rewards program, the HSBC Revolution Card offers a range of other perks and benefits, including travel insurance, dining discounts, and more.
HSBC Revolution Card Overview
If you’re looking for a rewards credit card that offers a range of benefits without an annual fee, the HSBC Revolution Card might be the perfect fit for you. This card is designed to help you earn rewards on your daily purchases, without having to worry about any additional costs.
Key Features and Benefits
The HSBC Revolution Card offers a range of features and benefits that make it an attractive option for anyone looking for a credit card in Singapore. Some of the key features of this card include:
- No annual fee: With the HSBC Revolution Card, you won’t have to worry about paying any annual fees, which can help you save money in the long run.
- 10X rewards points: This card offers 10X rewards points on online and contactless spending, as well as dining and entertainment purchases. This means you can earn up to 4 miles or 2.5% cashback for every dollar you spend.
- Flexible rewards redemption: You can redeem your rewards points for a range of options, including air miles, cashback, vouchers and products. This gives you the flexibility to choose the rewards that work best for you.
Understanding the Rewards System
The rewards system for the HSBC Revolution Card is designed to be flexible and easy to use. You can earn 10X rewards points on online and contactless spending, as well as dining and entertainment purchases. This means you can earn rewards points quickly and easily, without having to worry about any complicated redemption processes.
Once you’ve earned enough rewards points, you can redeem them for a range of options, including air miles, cashback, vouchers and products. This gives you the flexibility to choose the rewards that work best for you, and to use your rewards points in a way that makes sense for your lifestyle.
Overall, the HSBC Revolution Card is a great option for anyone looking for a rewards credit card in Singapore. With its range of features and benefits, as well as its flexible rewards system, this card is designed to help you get the most out of your daily purchases.
Earning and Redeeming Rewards
As a HSBC Revolution Cardholder, you can earn Reward points or miles for every eligible transaction you make. The card provides 10X Reward points or 4 miles for every dollar spent on your HSBC Revolution Credit Card for online and contactless payments.
Maximising Reward Points
To maximise your Reward points, use your HSBC Revolution Card for online purchases, contactless payments, shopping, dining, groceries, travel, transport, and food delivery. By doing so, you can earn up to 10X Reward points or 4 miles for every dollar spent.
Redemption Options
The HSBC Revolution Card offers an attractive online rewards redemption catalogue, where you can redeem your Reward points for a variety of products and services. You can redeem your Reward points for cash rebates, air miles, shopping vouchers, and more.
You can also use your Reward points to offset your credit card bill, which is a great way to save money. If you have accumulated a significant number of Reward points, you can even redeem them for a free flight or hotel stay.
In conclusion, the HSBC Revolution Card is an excellent credit card for those who want to earn Reward points or miles for their eligible transactions. By using your card for online purchases, contactless payments, shopping, dining, groceries, travel, transport, and food delivery, you can maximise your Reward points and redeem them for a variety of products and services. With no annual fee and attractive rewards, the HSBC Revolution Card is definitely worth considering.
Annual Fee and Waiver Details
If you’re considering the HSBC Revolution Credit Card, one of the most important things to know is the annual fee and how to get it waived. Here are the details:
Annual Fee Structure
The HSBC Revolution Credit Card has a principal card annual fee of $150. However, the good news is that this fee is waived for the first 2 years from the date the card is issued. Additionally, there is no annual fee for supplementary cards.
Waiver Conditions and Eligibility
To qualify for the annual fee waiver for subsequent years, you must meet the minimum annual spend requirement of $12,500 on your respective credit card account. This spend must be made within the 12-month period from the date of the card’s issuance.
It’s important to note that the annual fee waiver is subject to the terms and conditions of the HSBC Revolution Credit Card. These terms and conditions are available on the HSBC website and should be reviewed carefully before applying for the card.
If you do not meet the minimum spend requirement, the annual fee will be charged to your account. However, if you are a new HSBC Revolution Credit Card customer, you can enjoy a no-fee first year and second year waiver of the annual fee, provided you meet the minimum spend requirement.
In summary, the HSBC Revolution Credit Card offers a no-fee first year and second year waiver of the annual fee for new customers, and a subsequent annual fee waiver for those who meet the minimum spend requirement. Be sure to review the terms and conditions for full details and eligibility requirements.
Additional Perks and Offers
The HSBC Revolution Card is an excellent choice for anyone looking for a credit card that offers more than just rewards points. In addition to the 10X reward points for online purchases and contactless payments, the card also comes with a range of additional perks and offers that make it an even more attractive option.
Travel Benefits
If you’re a frequent traveller, you’ll love the travel benefits that come with the HSBC Revolution Card. The card offers travel insurance coverage of up to $500,000 for you and your family, as well as access to exclusive travel deals and promotions. You can also earn 10X reward points on all your travel bookings, including flights, hotels, and car rentals.
Exclusive Online and Shopping Deals
The HSBC Revolution Card also offers a range of exclusive online and shopping deals that you won’t find anywhere else. For example, you can enjoy up to 50% off on selected items when you shop online with your card. You can also enjoy discounts on hotel bookings, airline tickets, and other travel-related expenses.
In addition to these benefits, the HSBC Revolution Card also offers a range of other perks, including:
- No annual fee for the life of the card
- A sign-up gift of up to $180 cashback or Samsonite Zeltus 24″ luggage (worth $670)
- Bonus categories that earn you 10X reward points, including dining, travel, online and contactless Visa PayWave and Apple Pay purchases
- 1X reward point for every $1 spent on all other purchases
Overall, the HSBC Revolution Card is an excellent choice for anyone looking for a credit card that offers a wide range of benefits and perks. Whether you’re a frequent traveller or simply looking for a card that offers great rewards and exclusive deals, the HSBC Revolution Card is definitely worth considering.
Eligibility and Application Process
Qualifying Criteria
To apply for the HSBC Revolution Card, you must meet the following qualifying criteria:
- You must be at least 21 years old.
- You must be a Singaporean, Permanent Resident, or a foreigner with a valid Singapore Employment Pass.
- You must earn a minimum annual income of $30,000 for Singaporeans and Permanent Residents, or $40,000 for foreigners.
- You must have a valid NRIC or passport.
- You must provide a CPF statement or income tax Notice of Assessment as proof of income.
Step-by-Step Application Guide
Here is a step-by-step guide on how to apply for the HSBC Revolution Card:
- Visit the HSBC Singapore website and find the HSBC Revolution Card page.
- Click on the “Apply Now” button to start your application.
- Fill in your personal information, including your name, NRIC or passport number, and contact details.
- Provide your employment details, including your job title, company name, and annual income.
- Upload your supporting documents, such as your CPF statement or income tax Notice of Assessment.
- Review your application and ensure that all information provided is accurate.
- Submit your application and wait for approval.
Once your application is approved, you will receive your HSBC Revolution Card within 7-10 working days.
With the HSBC Revolution Card, you can enjoy a wide range of benefits and rewards, including 10X Reward points on online and contactless spending. Best of all, there is no annual credit card fee, making it a great option for those looking for a credit card with no hidden costs. Apply now and start enjoying the benefits of the HSBC Revolution Card!
Frequently Asked Questions
How can I get the annual fee for my HSBC Revolution card waived?
Good news! The HSBC Revolution card does not charge an annual fee. That’s right – you won’t have to worry about paying an annual fee for as long as you hold the card. This makes it a great choice for those who want to enjoy the benefits of a credit card without the added cost.
What perks come with the HSBC Revolution card?
The HSBC Revolution card comes with a variety of perks, including up to 10X Reward points on online and contactless spending. These points can be redeemed for a variety of rewards, including cashback, vouchers, and air miles. What’s more, there’s no minimum spend required to earn these points.
Is there a minimum spend required to maintain my HSBC Revolution card?
No, there is no minimum spend required to maintain your HSBC Revolution card. However, to qualify for the subsequent annual fee waiver, a minimum annual spending of S$12,500 must be made on your respective credit card account.
How does the HSBC Revolution card compare with other HSBC credit cards that offer no annual fee?
The HSBC Revolution card distinguishes itself from other HSBC credit cards by offering up to 10X Reward points on online and contactless spending, with no annual fee. This makes it a great choice for those who want to enjoy the benefits of a credit card without the added cost.
What promotions are currently available for the HSBC Revolution card?
HSBC regularly offers promotions for the HSBC Revolution card, including cashback and Reward points bonuses. Be sure to check the HSBC website or contact customer service to find out about the latest promotions.
Can you explain the terms and conditions of the rewards programme for the HSBC Revolution card?
The HSBC Revolution card’s rewards programme allows you to earn Reward points on all your spending, both online and offline. These points can be redeemed for a variety of rewards, including cashback, vouchers, and air miles. Redemption of Reward points for the payment of the annual fee on a credit card must be made one month before the annual fee is billed or during the actual annual fee billing month. For more information on the rewards programme, be sure to check the HSBC website or contact customer service.