Best HSBC Credit Cards 2020

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 team has reviewed over 100 credit cards in Singapore and handpicked a few cards from HSBC that have excellent value propositions.

Best HSBC Credit CardsCard Features
Best for MilesHSBC Revolution2 miles per S$1 local dining, entertainment & online
Higher SpendersHSBC AdvanceUp to 3.5% cashback capped at S$125/month
Cashback + MilesHSBC Visa Platinum5% rebate on food & petrol, miles for general

Best Miles Card for Online & Social Spend: HSBC Revolution Card

Consider this if you spend mostly on shopping, dining and entertainment

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000
Promotions:
  • Receive Samsonite T5 68cm Spinner luggage or S$150 cashback
  • Apply online with MyInfo via SingPass, receive S$20 in Grab rides

HSBC Revolution Card is a great card if you have a mostly local budget, but still want to earn miles. Cardholders earn an impressive 2 miles per S$1 on local dining & entertainment. To compare, most travel cards offer just 1.1–1.4 miles per S$1 local spend.

HSBC Revolution Cardholders also earn 2 miles per S$1 for their online spend. This includes everything from online food delivery & travel bookings to paying bills & insurance payments. Most cards exclude bill-pay from earning rewards altogether, let alone at such a high rate. Finally, HSBC Revolution Card comes with a fee-waiver. With just S$12,500 annual spend (about S$1,042/month), cardholders are exempt from the S$160.5 fee. 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.

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  • Annual fee: S$160.5, 2-year waiver, subsequently with S$12,500 annual spend
  • 2 miles per S$1 spend on local dining & entertainment, online spend (unlimited)
  • Online rate includes travel bookings, recurring bills & transit payments
  • No minimum spend requirement
  • Up to 20.2% fuel savings with Caltex, 14% with Shell
  • Annual fee: S$160.5, 2-year waiver, subsequently with S$12,500 annual spend
  • 2 miles per S$1 spend on local dining & entertainment, online spend (unlimited)
  • Online rate includes travel bookings, recurring bills & transit payments
  • No minimum spend requirement
  • Up to 20.2% fuel savings with Caltex, 14% with Shell

Best Rebate Card for Advance Customers: HSBC Advance Card

Consider this if you spend at least S$3,500 per month and are open to a bank account with HSBC

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000
Promotions:
  • Receive Samsonite T5 68cm Spinner luggage or S$150 cashback
  • Apply online with MyInfo via SingPass, receive S$20 in Grab rides

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, 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.

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  • Annual fee: S$192.6, waived for Advance banking customers
  • Up to 3.5% flat rebate for Advance customers (2.5% for others)
  • Up to 16% fuel savings with Caltex, 14% with Shell
  • Annual fee: S$192.6, waived for Advance banking customers
  • Up to 3.5% flat rebate for Advance customers (2.5% for others)
  • Up to 16% fuel savings with Caltex, 14% with Shell

Best Card for Cashback + Miles: HSBC Visa Platinum Card

Consider this if you spend at least S$600/month and want to earn both cash rebates and miles

Annual Income Requirement S$30,000
Foreigner Income Requirement S$40,000
Promotions:
  • Receive Samsonite T5 68cm Spinner luggage or S$150 cashback
  • Apply online with MyInfo via SingPass, receive S$20 in Grab rides

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.

Read Our Full Review

  • Annual fee: S$192.6, 2-year waiver, subsequently with S$12,500 annual spend
  • 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)
  • Annual fee: S$192.6, 2-year waiver, subsequently with S$12,500 annual spend
  • 5% cashback on local dining & groceries (up to S$250/quarter)
  • 0.4 miles per S$1 general spend, unlimited
  • Up to 21% fuel savings with Caltex, Shell

Summary of Best HSBC Credit Cards 2019

Below, we've prepared a summary of our picks for the best HSBC credit cards 2019.

CardBest for...Annual Fee
HSBC RevolutionSocial & Online SpendS$160.5 (waiver)
HSBC AdvanceAffluent Advance CustomersS$192.6 (waiver)
HSBC Visa PlatinumCashback + MilesS$192.6 (waiver)
CardBest for...Annual Fee
HSBC RevolutionSocial & Online SpendS$160.5 (waiver)
HSBC AdvanceAffluent Advance CustomersS$192.6 (waiver)
HSBC Visa PlatinumCashback + MilesS$192.6 (waiver)

Similar Cards from Other Banks to Consider

To aid your card selection process, we have compiled and compare & contrast analysis of each card from HSBC against its peers. Below, we demonstrate how much money one can earn or save by using a certain card over a 2-year period. By adding up the cashback, mile awards and promotions that you can earn with each card, we can give you an idea of which HSBC credit card is the best for your circumstances. Do note, however, that your choice depends heavily on your individual spending habits and reward preferences, so you should make sure to read our credit card reviews that we've prepared.

A graph displaying how best HSBC credit cards compare to other cards in Singapore in terms of their rewards
Comparing Dollar Value of Best HSBC Cards with Similar Cards from Other Banks

HSBC Revolution Card vs Maybank Horizon Visa Signature Card

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 vs Standard Chartered Unlimited Cashback Card

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 vs UOB One Card

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 vs Citi Cash Back Card

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.

*ValueChampion calculates the dollar value of rewards based on S$2,000 of monthly spending. We sum the value of points, miles and cashback in dollar terms and subtract the annual fee over a 24-month period. The estimates here are ValueChampion's alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Carrie Arndt

Carrie is a Senior Analyst at ValueChampion, specialising in credit cards in Singapore. She previously led consumer studies worldwide as a Senior Research Executive at MMR Research.

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