Great Deal: Get up to 55,200 Miles With HSBC EGA Welcome Offer
Until 31st July 2026, open an HSBC Everyday Global Account (EGA) and get up to 55,200 miles depending on how much funds you maintain with the account. Dubbed “HSBC Fund and Fly Promotion”, this offer is opened to new HSBC personal banking customers. This includes existing HSBC credit cardholders who do not have a HSBC account.
HSBC EGA is now an important companion to the HSBC Revolution, doubling the earn rate and also reducing the annual income requirements of the card. Existing and would-be cardholders should take note of this promo if they have yet to sign up for HSBC EGA.
Promo Details
Customers who have no existing HSBC personal banking account, HSBC Premier account, or HSBC Premier relationship from 1st March 2025 to 1st March 2026 will be eligible for the promo.
New accountholders need to open a personal banking Everyday Global Account (Premier accounts are excluded from this promo), deposit and maintain a minimum balance with the account for a period of at least 3 months. The number of bonus miles will depend on the amount of funds maintained with the bank:
| Amount | Rewards |
|---|---|
| At least S$50,000 | 48,000 Reward points (19,200 miles*) |
| At least S100,000 | 88,000 Reward points (35,200 miles*) |
| At least S$150,000 | 138,000 Reward points (55,200 miles*) |
Key dates to note
HSBC lays out the important dates to note for those participating in this promo:
| Date of Account Opening | Funds Must Be Credited By | Maintenance Period | Card Must Be Approved By | Reward Fulfilled By |
|---|---|---|---|---|
| 1st to 31st May 2026 | 31st May 2026 | 1st June to 30th August 2026 | 30th August 2026 | 31st October 2026 |
| 1st to 30th June 2026 | 30th June 2026 | 1st July to 30th September 2026 | 30th September 2026 | 30th November 2026 |
| 1st to 31st July 2026 | 31st July 2026 | 1st August to 31st October 2026 | 31st October 2026 | 31st December 2026 |
New cardholders will need to have their HSBC Revolution Card approved by the end of the 3-month maintenance period. For existing HSBC Revolution cardholders, the reward will be credited to their card’s Reward points balance.
Annual income requirements for HSBC credit cards
The annual income requirement for HSBC credit cards is S$65,000. However, for those who maintain at least S$50,000 with HSBC, the requirement will be as follows:
| Profile | Annual Income Requirement |
|---|---|
| Singaporean / Singapore PR (Salaried Employees) | S$30,000 |
| Singaporean / Singapore PR (Self-employed or commission-based) | S$40,000 |
| Foreigners | S$65,000 |
Maintaining at least S$50,000 in one’s HSBC EGA also doubles the earn rate for HSBC Revolution:
HSBC Revolution sign-up promo
If you are a new cardholder, you can opt to sign up for HSBC Revolution through the bank for 42,000 bonus HSBC Reward points (16,800 miles) when they also sign up for HSBC EGA.
Alternatively, you can opt for SingSaver’s promo for their gift options.
Does not work with HSBC EGA’s monthly promos (until 3-4 months later)
Note that new accounts are not eligible for HSBC EGA’s monthly promos. For instance, the current month’s (May 2026) promo only works for accounts opened on or before 31st January 2026.
Based on this, we can estimate when new accounts will be able to participate in the monthly promos (assuming HSBC follows the same timeline for future promos):
| Month of Account Opening | Month Eligible For Promo |
|---|---|
| May 2026 | September 2026 |
| June 2026 | October 2026 |
| July 2026 | November 2026 |
Works with Everyday+ Rewards Programme’s 1% p.a. bonus interest
While new accounts will not immediately work with the monthly promos, they will work with HSBC Everyday+ Rewards Programme which gives a bonus 1% p.a. interest. The requirements are pretty simple – deposit S$2,000 (or S$5,000 for HSBC Premier customers) and make at least 5 credit card, debit card, or even bank transfer transactions.
This bonus interest is on incremental fresh funds on balances compared to the month before.
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Worth it?
Personally, I value each mile at around 1.5 cents each. Based on his valuation, I estimate that the “returns” of this promo is around 2.16% to 2.35% p.a. depending on which tier you qualify for. This includes the account’s base interest of 0.05% p.a (but not the 1% p.a. from Everyday+ Rewards Programme that would apply to the first month).
| Amount | Rewards | Value at 1.5¢ Per Mile | Approx. Returns* |
|---|---|---|---|
| S$50,000 | 19,200 miles | S$288 | ~2.35% p.a. |
| S100,000 | 35,200 miles | S$528 | ~2.16% p.a. |
| S$150,000 | 55,200 miles | S$828 | ~2.26% p.a. |
Because HSBC Reward points are versatile and can go to airlines like EVA Air, I would even value such miles slightly higher at 1.6 cents each.
On the other hand, KrisFlyer purists would get a lower number of miles from this promo owing to the poorer conversion rates HSBC has for KrisFlyer.
Since each person’s valuation for miles and airline frequent flyer programme preference can be quite different, the following calculator should be useful to help you calculate the potential returns you can get from this promo:
HSBC EGA Miles Promo Calculator
Estimate the value of HSBC Reward points from the Fund and Fly promo, including base interest of 0.05% p.a.
Your result
Reward tier breakdown
| Amount | Reward points | Non-KF miles | KrisFlyer miles |
|---|---|---|---|
| S$50,000 | 48,000 | 19,200 | 16,000 |
| S$100,000 | 88,000 | 35,200 | 29,333 |
| S$150,000 | 138,000 | 55,200 | 46,000 |
Refer to terms and conditions for exact details
This article and calculator are based on my understanding of the terms and conditions found here. Please refer to it for the full terms and conditions.
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Seth Wee was a licensed financial adviser representative from 2009 to 2025, with over 16 years of experience in Singapore’s financial advisory industry.
He started Sethisfy.com in 2019 to share practical insights on credit cards, banking products, and miles strategies, helping readers identify financial products that deliver the best value. Seth has been featured in CNA, Channel 8, Today, and a host of other publications. In 2025, he was also part of a panel at CPF’s Ready For Life festival.
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