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

Remember to complete all requirements for your reward!

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New or existing HSBC Cardholders
Get:

  • 20,000 miles (given as 50,000 Rewards points)

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

  1. Provide HSBC consent to receive marketing/promotional materials during application
  2. Fill up the SingSaver redemption form
  3. Pay annual fee of S$196.20 (inclusive of 9% GST)
  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

Last date to apply: 30th June 2024

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

  1. HSBC terms and conditions (Valid till 30th June 2024)

Get 4 complimentary lounge visits via DragonPass. Full review

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.)

CardRewardsPriority for New Cardholders
HSBC RevolutionGet S$30 cash
Plus choose one: Samsonite suitcase or S$150 cashback
Apply this 1st
HSBC TravelOnePay S$194.40 for 20,000 milesApply 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.

HSBC Revolution

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New HSBC Cardholder¹
Choose:

  • Dyson Supersonic™ hair dryer (worth S$699)
  • Sony WF-1000XM5 Wireless Noise Cancelling Headphones (worth S$429)
  • Apple iPad 9th 10.2″ WiFi 64GB (worth S$508.30)
  • S$350 eCapitaVoucher
  • S$300 Cash via PayNow

Existing HSBC Cardholder²

  • S$50 cashback (with S$1,000 min spend)

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

  1. Provide HSBC consent to receive marketing/promotional materials during application
  2. Fill up SingSaver gift redemption form
  3. Make a min. spend of S$500 by the end of the following month from card approval date to be eligible for rewards

Last date to apply: 10th March 2024

For quick reference only; refer to terms and conditions for exact terms and save a copy for future reference:

  1. Terms and conditions
  2. Terms and conditions (existing cardholder)

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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