HSBC Revolution Credit Card Review 2024: How Does It Compare?

Priscilla Lee
PROMO: Receive a Dyson AM07 (worth S$459) or Xiaomi Robot Vacuum S10 (worth S$349) or S$250 eCapitaVoucher or 15K Max Miles (worth a free flight to Tokyo, Japan)
Apply Now
on HSBC's website

HSBC Revolution Credit Card

Apply Now
on HSBC's website
The HSBC Revolution Credit Card is an excellent option for digitally-savvy working adults who mostly shop locally. While the 10,000 point cap may feel restrictive to high spenders, it’s a fuss-free card that allows you to earn great rewards from the get-go.


  • No annual fees
  • High spending-to-rewards ratio
  • No minimum spend
  • Complimentary travel insurance


  • 10X Reward Points only applicable for contactless and online payments
  • Reward Points capped at 10,000 monthly
  • Doesn’t offer travellers many perks besides travel insurance
  • HSBC Customer Service hotline can be slow

Current Promotion

Receive a Dyson AM07 (worth S$459) or Xiaomi Robot Vacuum S10 (worth S$349) or S$250 eCapitaVoucher or 15K Max Miles (worth a free flight to Tokyo, Japan) with a minimum spend of S$500 by the end of the following month from card approval date. (Valid until 2 June 2024) Click to apply.

The HSBC Revolution Credit Card used to be subpar — other than the discounted movie tickets, there was nothing noteworthy about it.

Since its revamp though, it’s become one of the best fuss-free cards in the market.

With no annual fees and one of the best reward-to-spending ratios, the HSBC Revolution is an excellent go-to card for every wallet.

Read on to find out about:

Eligibility Requirements

Residential StatusSingaporean / Permanent Resident
Age21 and above
Income Required
  • At least $30,000/year
  • $40,000/year if self-employed, commission-based, or a foreigner residing in Singapore
  • (If you don’t meet the income requirement) Fixed deposit collateral of at least S$10,000

Applying for the card is easy via Singpass MyInfo. Alternatively, you can manually provide supporting documents such as your NRIC (or passport) and income or bank statements.

Fees and Charges

Annual FeesNone
Effective Interest Rate25.9% p.a. ($2.50 minimum)
Late Payment Charges$55
Minimum Monthly Payment3% of outstanding balance or S$50, whichever is higher
Overlimit Fee$40
Cash Advance Fee6% of the amount withdrawn or S$15, whichever is higher
Cash Advance Interest Rate28% p.a. until repayment is made in full
Foreign Currency Transactions2.8%

Features and Benefits

Upfront, there are a few things that make this card worth signing up for:

  • No annual fee at all: A good deal for cost-conscious individuals.  Cardholders don’t even need to meet annual spending or call up Customer Service to ask for an annual fee waiver.
  • Sign-up gift: Receive S$30 cash via PayNow upon card approval and activation (Valid until 31 August 2023) + Receive a Samsonite Prestige 69cm Spinner Exp with built-in scale (worth S$670)or S$150 cashback when you make a minimum spend of S$1000 by the end of the following calendar month after the card account opening date (Valid until 31 August 2023)
  • Generous reward points: Get 10X Reward Points for every dollar spent on online shopping, food delivery, travel bookings, or contactless payments. 1X Reward Points for everything else. Capped at 10,000 Reward points per month.
  • Entertainer with HSBC: Over 1,000 1-for-1 dining, entertainment, hotel, and wellness offers globally.
  • Complimentary Travel Insurance: Get up to S$300,000 in coverage when you charge travel expenses to your HSBC Revolution credit card. 

How to Maximize Reward Points

The HSBC Revolution card gives you:

  • 10 Reward Points per dollar spent with online payments, like food delivery and online shopping
  • 10 Reward Points per dollar spent with contactless payments
  • 1 Reward Point for all other types of spending, at no cap
  • 4 miles (or 10 Reward Points) per dollar spent

There’s no minimum spending for you to earn those points, but you can only earn a max of 10,000 Reward Points per month.

In short: this card rewards digitally-savvy shoppers who mostly buy stuff online or make contactless payments instead of carrying cash around.

And those 120,000 Reward Points per year can redeem S$450 in dining vouchers — or 48,000 miles. (That’s almost enough for a round-trip ticket to Tokyo!)

Who This Card is Best For

The HSBC Revolution Credit Card is best suited for:

  • Spenders who don’t want to have to call in to get their annual fees waived
  • Travel hackers looking to optimise their spending for mileage
  • Digitally-savvy shoppers who want a card they can link virtually to their mobile phones
  • Shoppers who incur around S$1,000 every month in online shopping and contactless transactions