Great Deal: Get 20,000 Bonus Miles (Even for Existing Cardholders) + S$30 With the New HSBC TravelOne Card

New card alert! HSBC has just released the HSBC TravelOne Card, a 1.2 miles per dollar credit card that comes with complimentary lounge visits and some other features. A fuller review will be on the way, but until then, let’s see if the sign-up promo is a good deal or not.

Promo details

From now until 31st May 2023, both new and existing HSBC cardholders can get 20,000 miles when they apply for the card, pay the annual fee of S$194.40, and make S$800 in qualifying spend by the end of the following month from card approval.

HSBC TravelOne

💳 Apply

Remember to complete all requirements for your reward!

🔥 👍🏼

New and existing HSBC Cardholders
Get:

• 50,000 points (20,000 miles)¹
• New HSBC Cardholders get bonus S$30²

⚠️ Important – complete all the following steps to be eligible for rewards:

1. Provide HSBC consent to receive marketing/promotional materials during application
2. Submit SingSaver Rewards Redemption Form in email
3. Forward your HSBC TravelOne credit card approval email or SMS upon completion of your application to info@singsaver.com.sg
4. Spend at least S$800 in qualifying transactions by the end of following month from card approval date
5. Pay annual fee of S$194.40

Valid till 2nd July 2023

For quick reference only; refer to terms and conditions for exact terms:

1. HSBC terms and conditions
2. SingSaver terms and conditions

Get 4 complimentary lounge visits via DragonPass. Full review coming soon

Is it worth it?

Paying the annual fee of S$194.40 for 20,000 miles works out to buying each mile at 0.972 cents each which is a pretty good deal even if you’re not into business class flights. Singapore Air has discounted deals for miles redemption in the mid of each month where even economy flights are great value to use your miles on.

Those who have a taste for business class flights will find this offer a no-brainer. HSBC promises a quick 1-day turnaround to convert your points to your favourite frequent flyer programme, and there aren’t any conversion fees until end of 2023 too.

The card also comes with 4 complimentary lounge visits – double that of cards like Citi PremierMiles or DBS Altitude.

New to HSBC? Get the HSBC Revolution first

While new cardholders get a S$30 bonus for applying for the HSBC TravelOne card, HSBC Revolution currently offers S$150 of cashback or a suitcase plus bonus S$30 if you’re a new to HSBC cardholder. (This is irrelevant to existing HSBC cardholders.)

You should ideally sign up for that card first before getting the HSBC TravelOne if you want to maximise your sign-up rewards.

HSBC Revolution

💳 Apply

🔥 👍🏼

New HSBC Cardholder
Choose:

• Receive a Samsonite Prestige 69cm Spinner Exp with built-in scale (worth S$670)¹ or
• S$150 cashback¹
• Bonus S$30 cash² (for HSBC Revolution)

Existing HSBC Cardholder
Existing cardmembers receive S$50 cashback² instead

⚠️ Important – complete all the following steps to be eligible for rewards:

1. Provide HSBC consent to receive marketing/promotional materials during application
2. Submit SingSaver Rewards Redemption Form in email
3. For HSBC Revolution: email your card approval email to info@singsaver.com.sg
4. Make a min spend of S$1,000 by end of the following calendar month from the card account opening to be eligible for the reward

Valid till 2nd July 2023

For quick reference only; refer to terms and conditions for exact terms:

1. HSBC terms and conditions
2. SingSaver terms and conditions

Get 10X points on eligible Paywave and online transactions. Annual fee waived for life. Tap here for the review

Conclusion

Buying miles at under 1 cent each is almost certainly a good idea. You also get 4 complimentary lounge visits to go along with your miles which would make your travels that much more comfortable.

Stay subscribed to the Telegram for a review of the card.

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