There is currently a very enticing promotion where you can receive a brand new Playstation 5 Disc Version (worth S$799) or Dyson Airwrap (worth S$859) or S$500 ecapitavoucher. Be among the first 500 applicants as New HSBC credit cardholders (those who have not held an HSBC card in the past 12 months) to apply for a credit card and get approved to receive one of the abovementioned gifts (you have the option to choose which gift you want). You need to spend S$500 by the end of the next calendar month from the date of card approval. This promotion is valid if you sign up until 4th June 2024 11:59pm.
If you are not within the first 500, fret not. You can still receive one of the following gifts: Apple iPad 9th Gen 10.2″ WiFi 64GB (worth S$508.30) or Dyson Supersonic (worth S$699) or S$350 eCapitavoucher or 21K miles (worth a round trip to Tokyo, Osaka).
Annual fee is waived for the first year for all the cards listed below except for the HSBC Revolution Card which has its annual fee waived perpetually and for the HSBC TravelOne Card which requires payment of annual fee to receive the gift. For the other cards, HSBC usually waives the annual fee for succeeding years as long as you actively use the card but if not, you can always cancel to avoid paying the annual fee. You can even cancel the credit card after receiving the sign-up gift or cash reward if you wish.
Once your card is approved, remember to spend at least S$500 by the end of the next calendar month following card account opening date in order to receive the gift or cash reward. You will get an email within 90 days with instructions on how to claim your gift. If you are looking for ways to spend S$500 within a month, there’s that time-honored method of buying vouchers from NTUC Fairprice and paying for it with your credit card.
Here are the HSBC cards that qualify for the promotion:
HSBC Revolution
Earn 4 miles per S$1 spend on online and contactless payments.Â
Note: This is my personal pick if you would like to accumulate miles. You can practically use PayWave for most transactions these days. HSBC Revolution Card rewards points in stacks of S$1 instead of S$5.Â
Annual Fee: Waived every year
Minimum Income Requirement: S$30,000 per year (Singaporean/PR); S$40,000 (foreigner)
HSBC TravelOne
Earn 1.2 miles per S$1 spend on local spends / 2.4 miles per S$1 on overseas foreign currency spends. 4x complimentary airport lounge access per year and free travel insurance.
Annual Fee: S$196.20 (pay the annual fee to get the 20,000 miles)
Minimum Income Requirement: S$30,000 per year (Singaporean/PR); S$40,000 (foreigner)
HSBC Advance
Get 1.5% cashback on all purchases with no minimum spend. Cashback goes up to 2.5% if you spend more than S$2,000 in a month.
Annual Fee: S$196.20 (waived for first year)
Minimum Income Requirement: S$30,000 per year (Singaporean/PR); S$40,000 (foreigner)
HSBC Visa Platinum
5% cashback on selected categories such as dining and groceries.
Annual Fee: S$196.20 (waived for first year)
Minimum Income Requirement: S$30,000 per year (Singaporean/PR); S$40,000 (foreigner)
T&C here.
