BestCreditCards.sg's Review of HSBC's Revolution Credit Card
|Highlights||Credit Card Feature|
|Things We Like||5X points for dining, entertainment and eligible online spending|
|Our Least Favourite||Your points expire after 3 years|
|Our Verdict||Flexible rewards card for everyday spending|
- 5x Rewards on online transactions (e.g. airline/movie/concert tickets, hotel/travel/taxi bookings, food orders, insurance premiums, and online shopping sites.)
- 5x Rewards on local dining transactions, excluding dining merchants within hotels (e.g. restaurants, cafes, and fast food outlets.)
- 5x Rewards on local entertainment transactions, excluding entertainment merchants within hotels (e.g. clubs, pubs, bars and family KTVs.)
- 5x Rewards points is equivalent to 2 air miles for every dollar spent
- No minimum spend required and no limit on points earned
- Enjoy 1-for-1 dining offers, movie ticket discounts, travel specials, petrol savings and more.
- Enjoy over 1,000 Entertainer 1-for-1 deals on HSBC Singapore Mobile Banking App
- Save up to S$10,000 on your HSBC Credit Card today
- Intro Interest p.a.
2.50% p.a. for 6 months on balance transfers or 4.88% p.a. for 12 months on balance transfers both with a processing fee of $88
- Annual Fee
S$150 waived for the first 2 years
- Minimum Income
S$30,000 p.a. (Singapore Citizens and PR)
- Standard Interest p.a.
HSBC's Revolution Credit Card aims to revolutionise the way cardholders earn rewards points. With its extensive HSBC rewards programme members can earn some of the highest available rewards per dollar spent when making purchases online and in popular categories such as dining and nightlife. The card also offers a number of other perks, such as discounts with travel and petrol merchants, and a number of useful banking services.
If you do a lot of your spending online, at restaurants, or frequent leisure and nightlife destinations then read on to learn more about the perks and any potential pitfalls of HSBC's Revolution Credit Card.
Things We Like About HSBC's Revolution Credit Card
The 5X points for eligible online spending. You earn 5X Rewards for every $1 you spend on online transactions using this card. This includes spending on online shopping sites, online travel tickets, online movie tickets, food ordered online and EZ-Reloads ordered online. That makes this one of the most powerful rewards credit cards for online shopping.
You get 5X points on dining. Now you have an excuse to treat yourself to dining out with the HSBC Reward programme! Earn 5X Rewards points for spending at local restaurants and cafes (dining merchants at hotels are not included), helping you reach your rewards goals faster.
5X Rewards on entertainment. Get rewarded for your everyday spending at local entertainment venues! Cardholders earn 5X Rewards points for every $1 spent at local pubs, clubs, bar and family KTVs (entertainment merchants within local hotels not included).
Earn 1 point per $1 spent on purchases. Get more value for every $1 you spend with the HSBC Rewards programme! Earn 1 Rewards point for every eligible retail $1 charged to your card both locally and overseas. Rewards can be redeemed either through online or phone banking for exclusive gifts and vouchers or even used to pay off your annual fee. Cardholders also have the option to convert points into miles if they are enrolled in a frequent flyer programme.
Unlimited rewards. Unlike many other credit cards, HSBC's Revolution Credit Card doesn't put a cap on the amount of rewards you can earn. You also don't need to spend a minimum amount in order to earn the rewards. This is a big benefit, as other cards may offer higher rewards, but then place limits on how many rewards you can earn, or limit you in other ways.
The annual fee waived for the first 2 years. The $150 annual fee is waived for the first 2 years. To qualify for the subsequent annual fee waiver you will need to have a minimum annual spend of $12,500 on this card. If you charge most of your yearly spending to this card, you can easily avoid paying the annual fee.
HSBC Vacations rebates & discounts. HSBC Vacations is a travel portal which offers over 100,000 travel options worldwide including hotels, flights and travel packages. By booking trips through HSBC Vacations cardholders can enjoy 9% off select bookings on hotels, land packages, tours and attractions (eligible travel deals show the CV logo), and a 6% cash rebate on your other travel bookings. Using your HSBC card for HSBC Vacations bookings also entitles you to a range of complimentary travel gifts such as luggage (subject to a minimum spend). Terms and conditions apply.
Introductory interest rate for balance transfers. Manage any outstanding balances or credit lines with this card's exclusive offer of 2.50% p.a. for 6 months on balance transfers or 4.88% p.a. for 12 months on balance transfers both with a processing fee of $88. The processing fee usually charged for balance transfers is also waived, helping you save even more! Applications for this exclusive card offer (for new HSBC's Revolution Credit Card holders only) must be made within 3 months from card account opening date. After the intro period, you will have the standard 25.9% interest per annum. Terms and conditions apply.
Card balance conversion plan. For a limited time only you will benefit from a fee waiver on the processing fee for HSBC's card balance conversion plan. This allows cardholders to divide purchase costs into small payment instalments over 3, 6 or 12 months. This is subject to approval and terms and conditions.
14% instant petrol discounts. Save on your fuel costs with an impressive 14% instant discount at Shell and Caltex petrol stations islandwide.
Movie privileges at Golden Village. Use your HSBC card to purchase a HSBC Movie card and enjoy great discounts at Golden Village cinemas. Choose from the HSBC's Movie Card - Weekdays for $70 to receive 10 movie credits (and save up to $15) or the HSBC's Movie Card - All Days for $85 to receive 10 movie credits redeemable on all days (and save up to $30). Terms and conditions apply.
Contactless payments. This card is fitted with Visa payWave for quick NFC payments.
Our Least Favourite Things About HSBC's Revolution Credit Card
Your points expire. The points you earn are valid for 3 years from the time you earn them, which means you will need to use them within that time or you will lose them.
Late payment charge. A charge of $55 will apply if you fail to make your monthly minimum payment on time. I recommend that you always make your payments in full on time, as that way you can also avoid paying interest, allowing you to maximise the savings you get with this card. Still, if you do happen to miss a payment for any reason, be prepared to pay.
How Other Cards Compare With HSBC's Revolution Credit Card
|Intro APR:||2.50% p.a. for 6 months on balance transfers or 4.88% p.a. for 12 months on balance transfers both with a processing fee of $88|
|Regular APR:||25.9% p.a.|
|Annual Fee:||S$150 waived for the first 2 years|
|Intro APR:||Transfer your outstanding balances on any other bank's credit card or credit line to Citibank at 0% nominal interest rate for 3/6/12 months with an upfront service fee from 1.58%. Eligible for new Citibank customers who apply for Citibank Ready Credit account with minimum $500 loan|
|Regular APR:||26% p.a.|
|Annual Fee:||$192.60 waived the first year|
Overall HSBC's Revolution Credit Card is a pretty sweet rewards card. The fact that rewards points can be earned on everyday spending across popular categories such as dining and online transactions means that almost everyone can benefit from this card, and there are no issues with minimum spends or caps on rewards. The flexibility of what you can do with your rewards points is also a key strength. Cardholders have the option to redeem points for exclusive gifts and vouchers and even convert points into air miles on frequent flyer programmes.
The travel benefits the card provides (including discounts with airlines and special HSBC Vacations cash rebate offers) also make this card a great asset for any traveller. In conclusion, HSBC's Revolution Credit Card really covers all of the basics in a good way, and is one of our favourite rewards credit cards currently on the market.
If you prefer a credit card that rewards you with cash rebates instead of points, consider applying for HSBC Visa Platinum Credit Card.See more HSBC credit cards.