Starting 1 April 2026, the HSBC Revolution Credit Card will receive a significant upgrade, with several improvements to its rewards structure.
Cardholders will now be able to earn up to 8 miles per dollar (mpd) on eligible spending when they maintain a qualifying deposit balance with HSBC.
In addition, travel and contactless transactions will once again qualify for bonus rewards, and these categories will now be restored permanently instead of being offered through limited-time promotions. The card will also continue to offer a monthly bonus cap, allowing cardholders to maximise higher earn rates on eligible spending.
Let’s take a closer look at the changes.
New Earn Rates (Effective 1 April 2026)
The HSBC Revolution’s earn rate will now depend on whether you maintain deposits with HSBC.
Category | Until 31 Mar 2026 | Effective 1 Apr 2026 |
Standard Earn Rate | 4 miles per S$1 on eligible spend | 10 HSBC Reward points per S$1 on eligible spend → 4 mpd |
Monthly Cap | S$1,500/month | S$1,000/month |
High Balance Earn Rate | N/A | Cardholders with ≥ S$50K in HSBC EGA: 20 HSBC Reward points per S$1 → 8 mpd |
Department Stores | Online & Contactless | Online & Contactless (points earn as per balance tier) |
Dining (exclude 5814) | Online & Contactless | Online & Contactless (points earn as per balance tier) |
Transport & Membership Clubs | Online & Contactless | Online & Contactless (points earn as per balance tier) |
Direct Travel | Online & Contactless | Online & Contactless (points earn as per balance tier) |
Standard Cardholders
Most cardholders will continue to earn:
- 10 HSBC Reward points per S$1 on eligible transactions
- This converts to 4 miles per dollar (mpd)
Cardholders with S$50K HSBC EGA Balance
Cardholders who maintain at least S$50,000 Average Daily Balance (ADB) in a HSBC Everyday Global Account (EGA) will earn:
- 20 HSBC Reward points per S$1 on eligible transactions
- This converts to 8 miles per dollar (mpd)
Reward Points Structure
For eligible transactions, cardholders earn base points plus bonus points. The number of bonus points depends on whether you maintain S$50,000 Average Daily Balance (ADB) in an HSBC Everyday Global Account (EGA).
Cardholder Type | Base Points | Bonus Points | Total Points per S$1 | Equivalent Miles |
Regular cardholders | 1 point | 9 points | 10 points | 4 mpd |
Cardholders with ≥ S$50K EGA ADB | 1 point | 19 points | 20 points | 8 mpd |
(HSBC points convert to miles at 2.5 points = 1 mile.)
Monthly Bonus Points Cap
Cardholder Type | Monthly Bonus Points Cap |
Regular cardholders | 9,000 bonus points (S$1,000 spend) |
Cardholders with ≥ S$50K EGA ADB | 22,800 bonus points (S$1,200 spend) |
- Base points (1 point per S$1) are not capped.
- After hitting the bonus cap, spending will only earn 1 point per S$1.
⚠️ Important Notes:
- Joint accounts do not count toward this requirement.
- The S$50K requirement is based on Average Daily Balance (ADB) in a sole HSBC Everyday Global Account (SGD).
- Points are calculated based on transactions posted in the calendar month, rounded down to the nearest S$1.
Travel and Contactless Bonus Categories Are Now Permanent
Another major update is the permanent return of bonus categories that were previously removed before the Revo Up promotion.
From 1 April 2026, bonus points will once again apply to selected online and contactless transactions in the following categories:
1. Department Stores
Category | MCCs | Description | Examples |
Department Stores & Retail Stores | 4816 | Computer Network/Information Services | Amazon, Best Denki, Book Depository, Courts, Harvey Norman, Lazada, Qoo10, Shopee, Taobao |
5045 | Computers, Computer Peripheral Equipment, Software | ||
5262 | Marketplaces | ||
5309 | Duty Free Stores | ||
5310 | Discount Stores | ||
5311 | Department Stores | ||
5331 | Variety Stores | ||
5399 | Miscellaneous General Merchandise Stores | ||
5611 | Men’s and Boys’ Clothing and Accessories Stores | ||
5621 | Women’s Ready to Wear Stores | Petal & Pup, Roos, La Senza, Bossini, Hush Puppies, Dyson, Breville, Apple | |
5631 | Women’s Accessory and Specialty Stores | ||
5641 | Children’s and Infants’ Wear Stores | ||
5651 | Family Clothing Stores | ||
5655 | Sports Apparel, and Riding Apparel Stores | ||
5661 | Shoe Stores | ||
5691 | Men’s and Women’s Clothing Stores | ||
5699 | Accessory and Apparel Stores–Miscellaneous | ||
5732 to 5735 | Electronics Sales, Music Stores–Musical Instruments, Pianos and Sheet Music, Computer Software Stores, Record Shops | ||
5912 | Drug Stores and Pharmacies | ||
5942 | Book Stores | ||
5944 to 5949 | Clock, Jewelry, Watch and Silverware Stores, Game, Toy and Hobby Shops, Camera and Photographic Supply Stores, Card, Gift, Novelty and Souvenir Shops, Leather Goods and Luggage Stores, Fabric, Needlework, Piece Goods and Sewing Stores | ||
5964 to 5970 | Direct Marketing–Catalog Merchants, Direct Marketing–Combination Catalog and Retail Merchant, Direct Marketing–Outbound Telemarketing Merchants, Direct Marketing–Inbound Telemarketing Merchants, Direct Marketing–Continuity/Subscription Merchants, Direct Marketing–Other Direct Marketers–Not Elsewhere Classified, Artist Supply Stores, Craft Shops | Art of Newton Florentino, Iggy’s, Google Music, Google Drive, Lenovo | |
5992 | Florists | B1 Florists | |
5999 | Miscellaneous and Specialty Retail Stores | Amazon, Casetify, Atome (Use this to buy from agoda – but make manual payment from 2nd and 3rd payment) |
2. Dining Category (Exclude 5814)
Category | MCCs | Description | Examples |
Dining (excl. hotel dining) | 5441 | Candy, Nut and Confectionery Stores | See’s Candies, Candy Empire, BreadTalk, Four Leaves, Bengawan Solo, Dunkin Donuts, Stamford Catering, How’s Catering, Neogarden, Putien, Saizeriya, Harry’s |
5462 | Bakeries | ||
5811–5813 | Caterers, Eating Places and Restaurants, Bars, Cocktail Lounges, Discotheques, Nightclubs and Taverns–Drinking Places (Alcoholic Beverages) |
Note: 5814 – Fast Food Restaurants is excluded. 5814 isn’t just a merchant category code for fast food restaurants. Grab dine out deals is also under 5814. So contactless spending in this category could be a hit or miss.
3. Transport & Membership Clubs
Category | MCCs | Description | Examples |
Transport & Membership Clubs | 4121 | Taxicabs and Limousines | Comfort, Grab (excluding GrabPay top-ups), Gojek, TADA, Ryde |
7997 | Clubs–Country Clubs, Membership (Athletic,
Recreation, Sports), Private Golf Courses | Fitness First, Anytime Fitness, Core Collective |
4. Direct Travel Related
Category | MCCs | Description | Examples |
Travel-Related Spend | 3000 to 3350, 4511 | Airlines | Singapore Airlines, Scoot, Cathay Pacific, Emirates |
3351 to 3500 | Car Rental Agencies | Payless Car Rental, Thrifty Car Rental | |
3501 to 3999, 7011 | Lodging – Hotels, Motels, Resorts | Holiday Inn, M Hotel | |
4411 | Cruise Lines | Star Cruises | |
Excluded: MCC 4722 (Travel Agencies and Tour Operators) Examples: Agoda, Klook, Trip.com, Airbnb, Chan Brothers Travel) | |||
To qualify for bonus rewards, transactions must be processed as:
- Selected online transactions, or
- Selected contactless payments such as Visa payWave, Apple Pay, Google Pay, or Samsung Pay.
Complimentary Travel Insurance Returns
Another feature making a comeback is complimentary travel insurance.
This benefit had previously been removed, but will now be reinstated for the HSBC Revolution card, providing coverage when travel expenses are charged to the card.
This makes the card slightly more attractive again for flight and travel bookings.
Card Upgraded to Visa Signature
HSBC is also upgrading the card to the Visa Signature tier.
While the bank has not announced additional perks tied to this upgrade yet, Visa Signature cards typically come with additional Visa benefits and travel privileges.
What Does the Visa Signature Upgrade Mean?
From 1 April 2026, the HSBC Revolution will be classified as a Visa Signature card instead of Visa Platinum. That means it sits one tier above the standard Platinum level and gives you access to a set of premium Visa benefits, including:
- Visa Signature Concierge: A 24/7 service to help with travel bookings, dining reservations, event tickets and more.
- Travel & Emergency Assistance: Support if your card is lost or stolen abroad, including replacement card support and emergency cash.
- Global Acceptance & ATM Access: Broad card acceptance worldwide and access to Visa’s expansive global ATM network.
- Visa Offers & Experiences: Access to Visa Signature‑exclusive offers and promotions across travel, shopping and lifestyle categories.
- Visa Signature Luxury Hotel Collection Access: At participating hotels, you can enjoy perks such as complimentary breakfast, room upgrades where available, a food or beverage credit and VIP guest status when booking through eligible channels.
These are global Visa Signature benefits — individual perks may vary by bank, and additional HSBC‑specific privileges (if any) would be communicated by HSBC.
Things to Know:
Transactions That Will Not Earn Reward Points
As with most credit cards, not all transactions will qualify for rewards.
The following types of transactions are excluded from earning points:
- Foreign exchange or currency transactions
- Donations and charitable contributions
- Gambling and lottery-related transactions
- Cryptocurrency purchases
- Payments to financial institutions or brokerages
- Money transfers and payment services (e.g. PayPal, CardUp, iPayMy, Skrill)
- E-wallet and prepaid card top-ups (e.g. EZ-Link, NETS FlashPay, YouTrip)
- Government payments, taxes, fines and court costs
- Insurance payments and premiums
- Education and school payments
- Utilities such as electricity, gas and water
- AXS and ATM transactions
- Instalment plans, balance transfers, and cash advances
HSBC determines eligibility based on Merchant Category Codes (MCCs) assigned by the merchant’s acquiring bank.
How is the Average Daily Balance Calculated?
To qualify for the higher earn rate and bonus cap, cardholders must maintain a minimum S$50,000 Average Daily Balance (ADB) in an eligible HSBC Everyday Global Account.
ADB is calculated by adding the account’s end-of-day balance for each day of the calendar month and dividing the total by the number of days in that month. Only deposits held in the cardholder’s sole HSBC Everyday Global Account (SGD account) are counted—balances in joint accounts are not included.
For example, if the daily balances in the account add up to S$1,550,000 over a 31-day month, the ADB would be S$50,000 (S$1,550,000 ÷ 31).
What This Means for You
Mostly a Buff
For most users, this update is a positive change.
The permanent return of travel and contactless bonuses ensures that the HSBC Revolution card continues to earn 4 mpd across a wide range of everyday categories, which was previously only available through the temporary promotion.
Big Buff for HSBC Deposit Customers
Customers who are able to maintain S$50,000 in an HSBC Everyday Global Account will see the biggest benefit.
With an earn rate of 8 mpd, the card becomes one of the highest-earning general spending cards in Singapore—though the bonus cap still limits how much spending can earn at that rate each month.
Final Thoughts
These changes effectively turn what was once a temporary promotion into a permanent feature of the HSBC Revolution card.
Key highlights include:
- Up to 8 mpd with S$50k HSBC Everyday Global Account balance
- Permanent restoration of travel and contactless bonus categories
- Complimentary travel insurance returning
- Upgrade to Visa Signature
While the highest earn rate requires a sizeable deposit relationship with HSBC, the card remains a solid 4 mpd option for online and contactless spending, making it a strong contender for everyday rewards.
- 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.
