Starting 01 October 2025, HSBC will raise the minimum annual income requirement for its credit cards to S$65,000 — more than double the current MAS minimum of S$30,000.
ENDS TOMORROW · 1 DAY LEFT
🎁 Choose 1 Gift
Selection form emailed after application
Dyson Airstrait™ Straightener
Retail S$799
Hair straightener that dries and smooths hair at the same time
25,000 Max Miles by Heymax
Worth S$600+
Earns you miles redeemable for flights, hotels, and perks
Dyson V8 Cyclone Vacuum Cleaner
Worth S$559
Cordless cleaning vacuum with strong suction
S$430 Grab Voucher
Worth S$475
Pay for Grab rides, GrabFood, GrabMart, and other Grab services.
S$400 Cash
Worth S$400
via PayNow
Ends 2 Aug 2026
Requirements
- You qualify if: you have no HSBC credit card right now, AND haven't cancelled any HSBC credit card in the last 12 months
- Spend min. S$500 by the end of the month after you're approved. Example: approved in May → spend by 30 June.
- During the application, tick the box to receive marketing messages from HSBC. Don't unsubscribe until your gift arrives — if you do, HSBC can cancel the reward.
- SingSaver will email you a Rewards Redemption Form — check inbox (and spam folder) after applying. Fill it in within 14 days to claim your gift, or you'll lose it.
- This card has a S$196.20 first-year annual fee (compulsory via SingSaver). You'll still come out ahead — the gift alone is worth up to S$799, plus you get 4 free airport lounge visits worth S$60+ each.
Why pick this card
4 free DragonPass airport lounge passes yearly.
Currently hold a HSBC credit card issued over 12 months ago? Apply here → HSBC gives eligible existing cardholders up to 10,000 miles (25,000 Reward points) directly + Samsonite ZELTUS 69cm Spinner Exp with built-in scale (worth S$680) with a spend of S$1,000. Please complete the Rewards Redemption Form sent to your email so your application is properly recorded.
If you cancelled a HSBC credit card in the past 12 months, you don't qualify for either reward.
ENDS TOMORROW · 1 DAY LEFT
🎁 Choose 1 Gift
Selection form emailed after application
Dyson Airstrait™ Straightener
Retail S$799
Hair straightener that dries and smooths hair at the same time
25,000 Max Miles by Heymax
Worth S$600+
Earns you miles redeemable for flights, hotels, and perks
Dyson V8 Cyclone Vacuum Cleaner
Worth S$559
Cordless cleaning vacuum with strong suction
S$430 Grab Voucher
Worth S$475
Pay for Grab rides, GrabFood, GrabMart, and other Grab services.
S$400 Cash
Worth S$400
via PayNow
Ends 2 Aug 2026
Requirements
- You qualify if: you have no HSBC credit card right now, AND haven't cancelled any HSBC credit card in the last 12 months
- Spend min. S$500 by the end of the month after you're approved. Example: approved in May → spend by 30 June.
- During the application, tick the box to receive marketing messages from HSBC. Don't unsubscribe until your gift arrives — if you do, HSBC can cancel the reward.
- SingSaver will email you a Rewards Redemption Form — check inbox (and spam folder) after applying. Fill it in within 14 days to claim your gift, or you'll lose it.
Why pick this card
4 mpd on contactless, travel & online spend. Up to 8 mpd for HSBC EGA customers (S$50K ADB).
Currently hold a HSBC credit card issued over 12 months ago? Apply here → HSBC gives eligible existing cardholders S$50 cashback directly. Please complete the Rewards Redemption Form sent to your email so your application is properly recorded.
If you cancelled a HSBC credit card in the past 12 months, you don't qualify for either reward.
ENDS TOMORROW · 1 DAY LEFT
🎁 Choose 1 Gift
Selection form emailed after application
Dyson Airstrait™ Straightener
Retail S$799
Hair straightener that dries and smooths hair at the same time
25,000 Max Miles by Heymax
Worth S$600+
Earns you miles redeemable for flights, hotels, and perks
Dyson V8 Cyclone Vacuum Cleaner
Worth S$559
Cordless cleaning vacuum with strong suction
S$430 Grab Voucher
Worth S$475
Pay for Grab rides, GrabFood, GrabMart, and other Grab services.
S$400 Cash
Worth S$400
via PayNow
Ends 2 Aug 2026
Requirements
- You qualify if: you have no HSBC credit card right now, AND haven't cancelled any HSBC credit card in the last 12 months
- Spend min. S$500 by the end of the month after you're approved. Example: approved in May → spend by 30 June.
- During the application, tick the box to receive marketing messages from HSBC. Don't unsubscribe until your gift arrives — if you do, HSBC can cancel the reward.
- SingSaver will email you a Rewards Redemption Form — check inbox (and spam folder) after applying. Fill it in within 14 days to claim your gift, or you'll lose it.
Why pick this card
1.5%–2.5% unlimited cashback on all spend.
Currently hold a HSBC credit card issued over 12 months ago? Apply here → HSBC gives eligible existing cardholders S$50 cashback directly. Please complete the Rewards Redemption Form sent to your email so your application is properly recorded.
If you cancelled a HSBC credit card in the past 12 months, you don't qualify for either reward.
ENDS TOMORROW · 1 DAY LEFT
🎁 Choose 1 Gift
Selection form emailed after application
Dyson Airstrait™ Straightener
Retail S$799
Hair straightener that dries and smooths hair at the same time
25,000 Max Miles by Heymax
Worth S$600+
Earns you miles redeemable for flights, hotels, and perks
Dyson V8 Cyclone Vacuum Cleaner
Worth S$559
Cordless cleaning vacuum with strong suction
S$430 Grab Voucher
Worth S$475
Pay for Grab rides, GrabFood, GrabMart, and other Grab services.
S$400 Cash
Worth S$400
via PayNow
Ends 2 Aug 2026
Requirements
- You qualify if: you have no HSBC credit card right now, AND haven't cancelled any HSBC credit card in the last 12 months
- Spend min. S$500 by the end of the month after you're approved. Example: approved in May → spend by 30 June.
- During the application, tick the box to receive marketing messages from HSBC. Don't unsubscribe until your gift arrives — if you do, HSBC can cancel the reward.
- SingSaver will email you a Rewards Redemption Form — check inbox (and spam folder) after applying. Fill it in within 14 days to claim your gift, or you'll lose it.
Why pick this card
Up to 8% cashback on dining, shopping & fuel.
Currently hold a HSBC credit card issued over 12 months ago? Apply here → HSBC gives eligible existing cardholders S$50 cashback directly. Please complete the Rewards Redemption Form sent to your email so your application is properly recorded.
If you cancelled a HSBC credit card in the past 12 months, you don't qualify for either reward.
Who Will Be Affected?
This change affects all new applications for HSBC credit cards, including:
- HSBC Advance Card
- HSBC Live+ Card
- HSBC Premier Mastercard
- HSBC Revolution Card
- HSBC TravelOne Card
If you already hold any of these cards, you can continue using them. Your card will not be cancelled just because you do not meet the new income requirement.
Summary of Changes:
Before 01 Oct 2025 | From 01 Oct 2025 | ||
<S$50,000 TRB | >S$50,000 TRB | ||
Salaried Employees (Locals/PRs) | S$30,000 | S$65,000 | S$30,000 |
Self-Employees/Commission-Based (Locals/PRs) | S$40,000 | S$65,000 | S$40,000 |
Foreigners | S$60,000 | S$65,000 | S$65,000 |
If you’re a Singaporean/PR with at least S$50,000 Total Relationship Balance (TRB), you can still qualify under the current S$30,000 minimum income requirement. But if your TRB is below S$50,000 (or you don’t have one), the new S$65,000 income requirement will apply.
Ways to Qualify Without Earning S$65,000
HSBC still offers two ways to bypass the higher income requirement — but both now require a Total Relationship Balance (TRB) of at least S$50,000 from 1 October 2025.
1. Maintain a Total Relationship Balance (TRB) ≥ S$50,000
- Keeping at least S$50,000 with HSBC (deposits, investments, and insurance combined) allows you to qualify under the current income criteria.
- Total Relationship Balance is calculated based on your average monthly balance over the last 3 months and includes:
- Deposit accounts and time deposits
- Unit trusts, bonds, structured products
- Insurance surrender values
- Total Relationship Balance is calculated based on your average monthly balance over the last 3 months and includes:
2. Apply for a Secured Credit Card
- Secured credit cards remain available after 01 October 2025 — but you must have a TRB ≥ S$50,000, which includes a minimum fixed deposit of S$10,000 pledged as collateral for the card.
Apply Before 01 October 2025
If you prefer to avoid the higher income requirement, apply before 30 September 2025, when the current criteria still apply — no TRB or fixed deposit needed:
- Salaried Employees (Locals/PRs): S$30,000
- Self-Employees/Commission-Based (Locals/PRs): S$40,000
- Foreigners: S$60,000
So, if you were thinking of applying, it’s smarter to do it now before the stricter rules kick in.
Conclusion:
HSBC’s upcoming change makes it much harder for many people to get their first credit card, especially if they don’t already bank with HSBC. If you don’t meet the new S$65,000 income requirement, your options are to keep at least S$50,000 with HSBC or apply before 01 October 2025 — otherwise, the lower income requirement will sadly be out of reach.
