HSBC TravelOne Sign Up Promotion:
- Receive Apple Watch SE (GEN 2) GPS 44mm (worth S$389) or Apple Bundle: Apple Airpods 4 w/ ANC + AirTag 4 Pack (total worth S$398) or 17,000 Max Miles or S$199 Cash via PayNow when you spend S$500 + pay annual fee of S$196.20 by the end of the following calendar month from the card account opening date. All applicants must provide marketing consent.
- Valid until 01 December 2024
- Must fulfill spending requirement to receive gift confirmation
- Remember to check for SingSaver email to secure your rewards after you have applied!
HSBC TravelOne Card Overview:
- The HSBC TravelOne credit card is a travel credit card that lets you earn and redeem miles easily and flexibly. You can earn up to 2.4 miles per dollar on foreign currency spend, and 1.2 miles per dollar on local spend. You can also redeem your miles instantly with a wide range of airline and hotel partners via the HSBC Singapore mobile app. Moreover, you can enjoy travel privileges such as complimentary travel insurance coverage (including COVID-19), four airport lounge visits, and exclusive deals from Mastercard and Ascenda.
Local Earn Rate | 1.2 miles per dollar |
Foreign Currency Earn Rate | 2.4 miles per dollar |
Foreign Currency Fees | 3.25% |
Min. Miles Transfer | 25,000 points (10,000 miles) |
Transfer Fee | Free (until May 31, 2024) |
Points Pooling | No |
Lounge Access | 4x Dragon Pass |
Airport Limo | No |
Eligibility & Fees:
- Minimum Age: 21 years old
- Minimum Annual Income: S$30,000 (locals/PRs); S$40,000 (foreigners)
- Annual fee: S$196.20 (inclusive of GST), first year free waiver
Key Benefits:
- Air miles and hotel points redemptions will be completed instantly or within 1 business day. For Accor Live Limitless, it will take up to 5 business days.). All done via via HSBC Singapore mobile app. Check this out for a step by step summary
- Accelerated earn rate: 1.2 miles on local spending, 2.4 miles for foreign spending
- Complimentary travel insurance coverage (including COVID-19)
- 4x complimentary airport lounge visits for main cardholders only
- Receive complimentary access to ENTERTAINER with HSBC app, with over 1,000 1-for-1 deals on dining, lifestyle and travel worldwide
- Points expiry in 37 months
- No conversion fee to partners till 31 Jan 2025.
- Points are earned every $0.50 spent (this helps you earn miles faster)
- No monthly minimum spend required and no maximum spending cap
- Exclusions apply here
Where Can I Use it:
With the list of transfer partners (below), it is a good product for those who love to travel. This card gives a generous 4x airport lounge passes which is far more than its competitors. Eight additional transfer partners were introduced to the HSBC TravelOne card, increasing the number of ways that users can use their points. With 20 transfer partners overall, the card now has the most in Singapore.
All rewards points expire at the end of a 37-month period, although this is in comparison with a non-expiring cards with almost similar earn rates:
Cards | HSBC TravelOne | Citi PremierMiles |
Local Earn Rate | 1.2 miles per dollar (3× Reward points) | 1.2 miles per dollar |
Foreign Earn Rate | 2.4 miles per dollar (6× Reward points) | 2 miles per dollar |
Lounge Access | 4x Dragon Pass | 2x Priority Pass |
Transfer Partners | SIA, Air Asia, Asia Miles, British Airways, Etihad Guest, EVA, Flying Blue, Qantas, Vietnam Airlines, Accor, IHG, One Marriott, Bonvoy | SIA, British Airways, Cathay Pacific, Etihad, EVA Air, Flying Blue, Qantas, Qatar Airways, THAI, Turkish Airlines, IHG |
Transfer Fee | Free (until May 31, 2024, after which it will be 10,000 points) | S$27.25 |
Min. Transfer Block | 25,000 points(10,000 miles) | 10,000 Citi Miles(10,000 miles) |
Is it Worth it:
Advantages:
- 4 complimentary Lounge visits via Dragon Pass each year
- Travel Insurance coverage of up to US$100,000
- Points pooling with other HSBC Cards is now possible!
- No transfer fee (extended to 31 Jan 2025)
- After the first 10,000 miles, there is a minimum conversion block of just 2 miles (It is best to just use it to avoid orphan miles)
- Since it expires by the end of 37-month period, you have about 3 years to plan your travel itineraries! Can’t use it after 3 years? You could transfer to Krisflyer and enjoy another 3 years of miles validity
Disadvantages:
- The earn rate is very low as compared to HSBC revolution card with the same points validity period. Might be difficult to earn miles fast enough.
Frequently Asked Questions:
- How is my miles calculated?: For every S$1, you can get 1.2 miles per dollar on local spend, and 2.4 miles per dollar on overseas spend.
- Let’s say you spent S$100 locally (S$100 x 1.2 miles per dollar = 120 miles earned)
- How do I redeem: You can redeem here
- When is the miles credited: This usually credits when the transaction posted, usually takes 1 business day
- Update on Mileage Programme Annual Fee:
- In line with the upcoming updates on the rewards system, HSBC Cardholders who already paid for the Mileage Programme Annual fee last June 2023 will be receiving a full refund. All cash or points will be credited on your account by 31 July 2024
- Starting on May 28, 2024, point redemptions will only be made through the HSBC Singapore app.
- Rewards points that are set to expire on May 31, 2024, will automatically be extended by HSBC by one month (June 30, 2024)
- Points will be pooled across all credit cards, but if you’re planning to cancel a credit card, make sure to redeem all points you’ve earned, or you won’t be able to use them later.
Read Terms and Conditions Here
Final Thoughts:
- One of the biggest selling point of this card is the fact that it has twice more than the usual lounge passes that you can acquire in other similar earn rate entry level credit cards. Although the lounge passes can only be used by the principal cardholder, I can still say that it’s a pretty good deal comparing to their competitors. Also, they have a wide range of selection of transfer partners so you would really have the liberty to choose the airline/hotel of your choice. But not all transfer partners are created equal, so pick wisely.
Credit cards change their T&Cs every so often and it is difficult to stay updated. That’s why I created a Telegram Broadcast where you can receive timely bite-sized updates to get the most out of your spending.
Watch my Tiktok video when it was first launched here
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