Best HSBC Credit Cards 2022

We believe that your credit card should match your unique needs because your circumstances are different from others. To help you navigate through the complex world of financial products, our research team has reviewed over 100 credit cards in Singapore and handpicked a few cards from HSBC that have excellent value propositions.

Compare Best HSBC Credit Cards by Dollar Value

Based on an average monthly spend of S$2,000, we analysed the best HSBC credit cards on the market to estimate returned value-to-consumer after 2 years, accounting for rebates and netting out annual fees. As a note, dollar value is heavily dependent on spending habits; intangible benefits (like free travel insurance and airport lounge access) are valuable but difficult to quantify.

A graph displaying how the best HSBC credit cards compare to one another in terms of their rewards
Best HSBC Credit Cards in Singapore by Estimated 2-Year Dollar Value
HSBC Revolution:
  • 4 miles per S$1 spent online and on contactless payments
HSBC Advance:
  • Up to 3.5% cashback capped at S$300/month
HSBC Visa Platinum:
  • 5% rebate on groceries, dining & petrol, miles for general
HSBC Visa Infinite:
  • Unltd. lounge, expedited immigration clearance & more

Compare Best HSBC Credit Cards by Dollar Value

Based on an average monthly spend of S$2,000, we analysed the best credit cards on the market to estimate returned value-to-consumer after 2 years, accounting for rebates and netting out annual fees. As a note, dollar value is heavily dependent on spending habits; intangible benefits (like free travel insurance and airport lounge access) are valuable but difficult to quantify.

A graph displaying how the best HSBC credit cards compare to one another in terms of their rewards
Best HSBC Credit Cards in Singapore by Estimated 2-Year Dollar Value

HSBC Revolution: Miles for Social & Online Spenders

  • Up to 4mi/S$1 spend on online insurance & bill-pay
  • Promotions: Get SGD200 cashback when you spend at least SGD500 plus get up to SGD150 cashback when you apply for supplementary cards
  • If you're an existing cardholder, you'll be eligible to receive SGD50 cashback
  • Applicants must submit card application between 1 May - 31 July 2022
  • Read Our Full Review
  • Annual fee: none
  • 4 miles (10 points) per S$1 spend online and via contactless payments (airlines, food delivery and retail)
  • 0.4 miles (1 point) per S$1 on all other spend (non-contactless payment)
  • No minimum spend requirement and no annual fee
  • 16% off petrol at Caltex and 14% off at Shell
HSBC Revolution Card is a great card if you have a mostly local budget, but still want to earn miles. Cardholders earn an impressive 4 miles (10 points) per S$1 spend on all online and contactless payments. This includes everything from online food delivery to travel bookings. This card also has no annual fee. All else–including overseas spend–earns 0.4 miles, so HSBC Revolution Card is best for social and online spenders with budgets of S$1,000+ per month. Ultimately, if you spend a great deal locally & online and want to earn no-fee miles, HSBC Revolution Card is by far the best option for you.
  • Stand-Out: Up to 4mi/S$1 spend on online insurance & bill-pay
  • Promotions: Get SGD200 cashback when you spend at least SGD500 plus get up to SGD150 cashback when you apply for supplementary cards
  • If you're an existing cardholder, you'll be eligible to receive SGD50 cashback
  • Applicants must submit card application between 1 May - 31 July 2022
  • Read Our Full Review
  • Annual fee: none
  • 4 miles (10 points) per S$1 spend online and via contactless payments (airlines, food delivery and retail)
  • 0.4 miles (1 point) per S$1 on all other spend (non-contactless payment)
  • No minimum spend requirement and no annual fee
  • 16% off petrol at Caltex and 14% off at Shell
HSBC Revolution Card is a great card if you have a mostly local budget, but still want to earn miles. Cardholders earn an impressive 4 miles (10 points) per S$1 spend on all online and contactless payments. This includes everything from online food delivery to travel bookings. This card also has no annual fee. All else–including overseas spend–earns 0.4 miles, so HSBC Revolution Card is best for social and online spenders with budgets of S$1,000+ per month. Ultimately, if you spend a great deal locally & online and want to earn no-fee miles, HSBC Revolution Card is by far the best option for you.

HSBC Advance Card: Rebates for Affluent Advance Customers

  • Up to 3.5% flat cashback, lofty S$300/month rewards cap
  • Promotions: Get SGD200 cashback when you spend at least SGD500 plus get up to SGD150 cashback when you apply for supplementary cards.
  • If you're an existing cardholder, you'll be eligible to receive SGD50 cashback
  • Applicants must submit card application between 1 May - 31 July 2022
  • Read Our Full Review
  • Annual fee: S$192.60 (first year- waived)
  • 2.5% base cashback on purchases of S$2,000 and above
  • 1% bonus cashback when deposit min S$2,000 per month
  • Up to 21.15% fuel savings with Caltex and Shell
  • Visa Concierge and e-Commerce purchase protection
Current HSBC Advance customers–and those willing to consider opening an account–can earn up to S$3,600 cashback per year with HSBC Advance Card. Cardholders enjoy up to 3.5% flat cashback after S$2,000 spend (or 2.5% cashback if spend is lower) and up to S$300/month for simply depositing a minimum of S$2,000 per month in fresh funds and charging at least five transactions to their account.


It's worth mentioning that not depositing at least S$2,000 in fresh funds every month will mean that you cannot qualify for the bonus cashback of 1%, decreasing the cashback rate to 2.5% for spend above S$2,000 and 1.5% for spend below S$2,000. In addition, monthly cashback will be capped at S$70/month, dropping your annual savings from S$3,600 to just S$840.

  • Stand-Out: Up to 3.5% flat cashback, lofty S$300/month rewards cap
  • Promotions: Get SGD200 cashback when you spend at least SGD500 plus get up to SGD150 cashback when you apply for supplementary cards.
  • If you're an existing cardholder, you'll be eligible to receive SGD50 cashback
  • Applicants must submit card application between 1 May - 31 July 2022
  • Read Our Full Review
  • Annual fee: S$192.60 (first year- waived)
  • 2.5% base cashback on purchases of S$2,000 and above
  • 1% bonus cashback when deposit min S$2,000 per month
  • Up to 21.15% fuel savings with Caltex and Shell
  • Visa Concierge and e-Commerce purchase protection
If you’re willing to consider opening an HSBC Advance banking account, you can potentially earn up to S$1,500/year with HSBC Advance Card. Advance customers earn 3.5% flat rebate on all spend after a S$2,000 minimum (2.5% if below), up to S$125/month. This rate is more than double that offered by typical unlimited cashback cards, and while there’s a cap (S$125/month), it’s among the highest on the market. Even better, Advance customers never pay an annual fee.


It’s worth mentioning that rates for non-Advance customers are less competitive. Cardholders earn 2.5% rebate after S$2,000 spend (1.5% if below), up to just S$70/month. In addition, there’s a S$192.6 fee, though it can be waived with S$12,500 annual spend. Overall, if you’re an above average spender and want to maximise cashback, we highly recommend checking to see if you qualify for an Advance account and consider HSBC Advance Card.

HSBC Visa Platinum: Earn Both Cashback & Miles

  • Rebates on local food & petrol, miles for general spend
  • Promotions: Get SGD200 cashback when you spend at least SGD500 plus get up to SGD150 cashback when you apply for supplementary cards
  • If you're an existing cardholder, you'll be eligible to receive SGD50 cashback
  • Applicants must submit card application between 1 May - 31 July 2022
  • Read Our Full Review
  • Annual fee: S$192.60 (waived for two years)
  • 5% cashback on local dining, groceries & petrol (up to S$250/quarter)
  • 0.4 miles per S$1 general spend, unlimited
  • Up to 21% fuel savings with Caltex, Shell (including 5% card rebate)
HSBC Visa Platinum Card is one of the few options on the market allowing consumers to earn both cashback and miles. Cardholders earn 5% rebate on local dining, groceries and petrol–making for a very practical card–after just S$600 minimum spend. All other spend earns 0.4 miles per S$1, which is low, but requires no minimum to begin earning. Overall, earnings are capped at a respectable S$250/quarter (about S$83/month), and the S$192.6 fee is easily waived with just S$12,500 annual spend. Overall, if you’d like to earn both cashback and miles for local spend in key categories, consider HSBC Visa Platinum Card.
  • Stand-Out: Rebates on local food & petrol, miles for general spend
  • Promotions: Get SGD200 cashback when you spend at least SGD500 plus get up to SGD150 cashback when you apply for supplementary cards
  • If you're an existing cardholder, you'll be eligible to receive SGD50 cashback
  • Applicants must submit card application between 1 May - 31 July 2022
  • Read Our Full Review
  • Annual fee: S$192.60 (waived for two years)
  • 5% cashback on local dining, groceries & petrol (up to S$250/quarter)
  • 0.4 miles per S$1 general spend, unlimited
  • Up to 21% fuel savings with Caltex, Shell (including 5% card rebate)
HSBC Visa Platinum Card is one of the few options on the market allowing consumers to earn both cashback and miles. Cardholders earn 5% rebate on local dining, groceries and petrol–making for a very practical card–after just S$600 minimum spend. All other spend earns 0.4 miles per S$1, which is low, but requires no minimum to begin earning. Overall, earnings are capped at a respectable S$250/quarter (about S$83/month), and the S$192.6 fee is easily waived with just S$12,500 annual spend. Overall, if you’d like to earn both cashback and miles for local spend in key categories, consider HSBC Visa Platinum Card.

HSBC Visa Infinite: Airport Convenience & Luxury Perks

HSBC Visa Infinite Credit Card
HSBC Visa Infinite Credit Card
  • Airport perks like expedited immigration clearance & unltd lounge
  • Promotions: Welcome Gift: Get up to 35,000 air miles redeemable with over 40 airlines
  • "Annual fee: S$650 (S$488 for HSBC Premier customers)
  • 1st Year: 1 mile per S$1 local spend, 2 miles overseas
  • Thereafter: 1.25 miles per S$1 local spend, 2.25 miles overseas (with S$50,000 annual spend)
  • Unlimited lounge access, travel insurance, golfing privileges, free limo transfers & expedited immigration clearance (1x/S$2,000 spend, up to 24x/year)"
Amongst the many high-end travel cards on the market, HSBC Visa Infinite Card stands out not just for its luxury perks, but also for its unique airport privileges that make trips all the more convenient. Cardholders enjoy unlimited lounge access and expedited immigration clearance up to 24 times per year, which isn't an especially common benefit. Other perks include free travel insurance, complimentary limo transfers and golfing privileges.


To round this out, cardholders earn 1 mile per S$1 spend locally and 2 miles per S$1 overseas during their 1st year, boosted to 1.25 miles and 2.25 miles (respectively) thereafter with S$50,000 spend. While these rates and perks are fairly attractive, the annual fee is incredibly high, at S$650 (discounted to S$488 for HSBC Premier customers). As a result, HSBC Visa Infinite Card is best fit for affluent travellers who want both luxury and convenience when they travel.

HSBC Visa Infinite Credit Card
HSBC Visa Infinite Credit Card
  • Stand-Out: Airport perks like expedited immigration clearance & unltd lounge
  • Promotions: Welcome Gift: Get up to 35,000 air miles redeemable with over 40 airlines
  • "Annual fee: S$650 (S$488 for HSBC Premier customers)
  • 1st Year: 1 mile per S$1 local spend, 2 miles overseas
  • Thereafter: 1.25 miles per S$1 local spend, 2.25 miles overseas (with S$50,000 annual spend)
  • Unlimited lounge access, travel insurance, golfing privileges, free limo transfers & expedited immigration clearance (1x/S$2,000 spend, up to 24x/year)"
Amongst the many high-end travel cards on the market, HSBC Visa Infinite Card stands out not just for its luxury perks, but also for its unique airport privileges that make trips all the more convenient. Cardholders enjoy unlimited lounge access and expedited immigration clearance up to 24 times per year, which isn't an especially common benefit. Other perks include free travel insurance, complimentary limo transfers and golfing privileges.


To round this out, cardholders earn 1 mile per S$1 spend locally and 2 miles per S$1 overseas during their 1st year, boosted to 1.25 miles and 2.25 miles (respectively) thereafter with S$50,000 spend. While these rates and perks are fairly attractive, the annual fee is incredibly high, at S$650 (discounted to S$488 for HSBC Premier customers). As a result, HSBC Visa Infinite Card is best fit for affluent travellers who want both luxury and convenience when they travel.

Learn More About Maximising Rewards with OCBC

HSBC Revolution Card v. Maybank Horizon Visa Signature Card

  • Market-leading 3.2 mi/S$1 local dining & transport spend
  • Annual Fee:S$180
  • Promotions: Get Samsonite Harts 68/25 Spinner worth S$550 when you apply for a new Maybank Credit Card and CreditAble and spend a min. of S$300 for each of the first two consecutive months upon approval (Limited to the first 4,500 approved applicants)
  • Foreigners are eligible for this promotion: Apply for a new Maybank Credit Card an charge a min. of S$350 for each of the first two consequtive months upon approval
  • Subsequent approved applicants will receive S$100 Cash Credit. Terms and Conditions apply
  • Read Our Full Review
You can earn more miles for local spend with Maybank Horizon Visa Signature Card than with any other card on the market. In fact, cardholders earn 3.2 miles per S$1 spend on local dining, petrol, taxis, Grab and hotel bookings–traditional travel cards offer just 1.1–1.4 miles per S$1 local spend. Cardholders also enjoy high rates of 2 miles per S$1 in foreign currency transactions and on air tickets & travel packages. There’s even a fee waiver with S$18,000 annual spend.


HSBC Revolution Card offers just 2 miles per S$1 for local spend, but rewards entertainment & online spend–Maybank Horizon Card does not. In addition, HSBC Revolution Card’s fee-waiver is easier to achieve, requiring only S$12,500 annual spend. If you spend a great deal online and want an affordable card for local social spend, HSBC Revolution Card may be a better option for you.

HSBC Advance Card v. Standard Chartered Unlimited Cashback Card

  • 1.5% unlimited cashback w/ no min. spend requirement
  • Annual Fee:S$192.60
  • Promotions:
  • Read Our Full Review
Standard Chartered Unlimited Cashback Card is an excellent option for very high spenders. While the 1.5% rewards rate is lower than HSBC Advance Card’s, there is no monthly cap, allowing for unlimited earnings. SC Unlimited Cashback Card also comes with several transport perks. It’s SimplyGo functional and offers up to 21% fuel savings with Caltex. If you spend about S$7,000+/month, you can earn more with SC Unlimited Cashback Card; if you spend closer to S$3,500/month, you can better maximise rewards with HSBC Advance, as an Advance customer.

HSBC Advance Card v. UOB One Card

  • Up to 10% rebate on all spend, S$300/quarter
  • Annual Fee:S$192.60
  • Promotions: No promotion currently being offered
  • Read Our Full Review
UOB One Card offers one of the highest flat rates on the market. With S$2,000 monthly spend, you can earn 5% cashback up to S$300/quarter. Lower spenders earn 3.33% rebate up to S$50 or S$100/quarter. UOB One Card is different than HSBC Advance Card because of its tiered rebate system, and because of its higher max rate–though its cap (about S$100/month) is lower. Those spending S$2,000/month can make the most of their spend with UOB One Card; those spending closer to S$3,500/month will earn more as an HSBC Advance customer with the HSBC Advance Card.

HSBC Visa Platinum Card v. Citi Cash Back Card

  • Up to 8% rebate on groceries & petrol, 6% on dining
  • Annual Fee:S$192.60
  • Promotions: Receive a Dyson V8 (worth S$549), Apple Watch SE (worth S$419) or S$300+$100 cash via PayNow upon activating and spending (min. S$500 spend) within 30 days of card approval.
  • $300 Cash Back Welcome Offer if S$800 spend in first 2 months
  • Promotion Period: 18 - 24 May 2022
  • Successful applicants must ensure that their credit card is valid and in good standing (not cancelled or blocked) at the point of gift fulfilment, and must retain and not cancel it for a period of 12 months from the date of approval.
  • Reward may be retracted or cancelled if the card is cancelled before this 12-month period.
  • Read Our Full Review
With Citi Cash Back Card, you can earn up to 8% on dining, groceries, and petrol worldwide. While there’s an S$888 minimum spend requirement, cardholders can earn up to S$75/month. HSBC Visa Platinum Card, however, offers just 5% rebate on food & petrol, and rewards are limited to local spend only. On the other hand, HSBC Visa Platinum Card has a lower minimum requirement (S$600) and allows cardholders to earn miles for general spend. It even has a fee-waiver, which Citi Cash Back Card does not. If you want no-fee cashback and miles for local spend on food & transport, consider HSBC Visa Platinum Card.
HSBC Revolution Card v. Maybank Horizon Visa Signature Card
Market-leading 3.2 mi/S$1 local dining & transport spend Annual Fee:S$180 Promotions: Get Samsonite Harts 68/25 Spinner worth S$550 when you apply for a new Maybank Credit Card and CreditAble and spend a min. of S$300 for each of the first two consecutive months upon approval (Limited to the first 4,500 approved applicants) Foreigners are eligible for this promotion: Apply for a new Maybank Credit Card an charge a min. of S$350 for each of the first two consequtive months upon approval Subsequent approved applicants will receive S$100 Cash Credit. Terms and Conditions apply
You can earn more miles for local spend with Maybank Horizon Visa Signature Card than with any other card on the market. In fact, cardholders earn 3.2 miles per S$1 spend on local dining, petrol, taxis, Grab and hotel bookings–traditional travel cards offer just 1.1–1.4 miles per S$1 local spend. Cardholders also enjoy high rates of 2 miles per S$1 in foreign currency transactions and on air tickets & travel packages. There’s even a fee waiver with S$18,000 annual spend.


HSBC Revolution Card offers just 2 miles per S$1 for local spend, but rewards entertainment & online spend–Maybank Horizon Card does not. In addition, HSBC Revolution Card’s fee-waiver is easier to achieve, requiring only S$12,500 annual spend. If you spend a great deal online and want an affordable card for local social spend, HSBC Revolution Card may be a better option for you.

HSBC Advance Card v. Standard Chartered Unlimited Cashback Card
1.5% unlimited cashback w/ no min. spend requirement Annual Fee:S$192.60 Promotions:
Standard Chartered Unlimited Cashback Card is an excellent option for very high spenders. While the 1.5% rewards rate is lower than HSBC Advance Card’s, there is no monthly cap, allowing for unlimited earnings. SC Unlimited Cashback Card also comes with several transport perks. It’s SimplyGo functional and offers up to 21% fuel savings with Caltex. If you spend about S$7,000+/month, you can earn more with SC Unlimited Cashback Card; if you spend closer to S$3,500/month, you can better maximise rewards with HSBC Advance, as an Advance customer.
HSBC Advance Card v. UOB One Card
Up to 10% rebate on all spend, S$300/quarter Annual Fee:S$192.60 Promotions: No promotion currently being offered
UOB One Card offers one of the highest flat rates on the market. With S$2,000 monthly spend, you can earn 5% cashback up to S$300/quarter. Lower spenders earn 3.33% rebate up to S$50 or S$100/quarter. UOB One Card is different than HSBC Advance Card because of its tiered rebate system, and because of its higher max rate–though its cap (about S$100/month) is lower. Those spending S$2,000/month can make the most of their spend with UOB One Card; those spending closer to S$3,500/month will earn more as an HSBC Advance customer with the HSBC Advance Card.
HSBC Visa Platinum Card v. Citi Cash Back Card
Up to 8% rebate on groceries & petrol, 6% on dining Annual Fee:S$192.60 Promotions: Receive a Dyson V8 (worth S$549), Apple Watch SE (worth S$419) or S$300+$100 cash via PayNow upon activating and spending (min. S$500 spend) within 30 days of card approval. $300 Cash Back Welcome Offer if S$800 spend in first 2 months Promotion Period: 18 - 24 May 2022 Successful applicants must ensure that their credit card is valid and in good standing (not cancelled or blocked) at the point of gift fulfilment, and must retain and not cancel it for a period of 12 months from the date of approval. Reward may be retracted or cancelled if the card is cancelled before this 12-month period.
With Citi Cash Back Card, you can earn up to 8% on dining, groceries, and petrol worldwide. While there’s an S$888 minimum spend requirement, cardholders can earn up to S$75/month. HSBC Visa Platinum Card, however, offers just 5% rebate on food & petrol, and rewards are limited to local spend only. On the other hand, HSBC Visa Platinum Card has a lower minimum requirement (S$600) and allows cardholders to earn miles for general spend. It even has a fee-waiver, which Citi Cash Back Card does not. If you want no-fee cashback and miles for local spend on food & transport, consider HSBC Visa Platinum Card.
Zoryana Melesh

Zoryana is a Senior Research Analyst at ValueChampion, who focuses on evaluating credit cards, savings and fixed deposits in Singapore. She holds a BA in Political Science and an MPA in International Finance and Economic Policy, both from Columbia University. Prior to joining ValueChampion, Zoryana worked in treasury management consulting.

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