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
Get 4 complimentary lounge visits via DragonPass. Earn 1.2 miles per dollar on SGD transactions and 2.4 miles per dollar for foreign currency transactions. Full review
✈️ New and Existing Cardholders
Apply by 30th September 2026, pay annual fee of S$196.20, and spend at least S$1,000:
| Reward | |
|---|---|
| New Cardholders | 20,000 miles + Samsonite suitcase |
| Existing Cardholders | 10,000 miles + Samsonite suitcase |
⚠️ Important
- Provide HSBC consent to receive marketing/promotional materials during application
- Make min. spend of S$1,000 by the end of the following month from card approval date to be eligible for rewards (i.e. cards approved in March will have until 30th April to complete spend requirement)
- Annual fee of S$196.20 must be paid
- Existing cardholders are those who have not cancelled any HSBC card in the past 12 months, and their existing HSBC cards were issued more than 12 months ago
For reference only; refer to exact details in terms and conditions
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.)
| Card | Rewards | Priority for New Cardholders |
| HSBC Revolution | Get S$30 cash Plus choose one: Samsonite suitcase or S$150 cashback | Apply this 1st |
| HSBC TravelOne | Pay S$194.40 for 20,000 miles | Apply this 2nd |
You should ideally sign up for that card first before getting the HSBC TravelOne if you want to maximise your sign-up rewards.
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.
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.
Subscribe to the channel for free updates!
Disclaimer: I may receive an affiliate/referral fee when you sign up for services/products on this site, and such fees keep the site running. I would only recommend services/products I would personally use or recommend to my own friends and family, but I do not provide any warranty or guarantee for the quality of these services/products. Thank you for supporting my site!
Please exercise due diligence when signing up for any service/product as I will not be liable for any personal loss, financial or otherwise. Content published here are my sole views and personal opinion, and none of the information here constitutes personal financial advice nor represents the views of my employer(s).