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Features of the HSBC Revolution Credit Card

  • Overview for Digital Spenders: The HSBC Revolution Credit Card is a rewards-focused credit card designed for tech-savvy, lifestyle-oriented individuals who prioritize earning points on online and contactless transactions. This card stands out for its ability to cater to digital natives, offering a robust rewards structure, no annual fees, and a range of lifestyle perks. Its primary appeal lies in its generous rewards points system, which allows cardholders to accumulate points quickly on everyday spending, particularly in online and contactless categories. Below, we explore the card’s key features in detail, covering its rewards structure, fee waivers, supplementary card benefits, and more.
  • Rewards Points Structure: One of the standout features of the HSBC Revolution Credit Card is its rewards points system, which offers accelerated points earning for specific transaction types. Cardholders earn 10X Reward Points (equivalent to 4 miles per S$1 spent or approximately 2.5% cashback) on eligible online and contactless transactions, capped at S$1,000 per calendar month. This translates to a maximum of 10,000 Reward Points per month for these categories. For all other eligible transactions, cardholders earn 1X Reward Point per S$1 spent, with no cap on base points.
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    • Eligible Categories for 10X Rewards: The 10X Reward Points apply to a wide range of categories, making the card versatile for modern spending habits:
      Online Shopping: Purchases made through e-commerce platforms, including retail stores, department stores, and clothing retailers.
      Online Dining: Food delivery services, restaurant bookings made online, and dining apps.
      Travel and Ride-Hailing: Online travel bookings (e.g., airlines, car rentals, lodging) and ride-hailing apps like Grab or Gojek.
      Contactless Payments: Transactions made via Visa payWave, Apple Pay, Google Pay, or other contactless methods at eligible merchants.
      The list of eligible Merchant Category Codes (MCCs) includes categories like retail (MCC 5651), department stores (MCC 5311), airlines (MCC 4511), and more. However, certain transactions, such as bill payments, insurance, and government services, are excluded from earning bonus points.
    • Points Pooling and Redemption Flexibility: A unique feature of the HSBC Revolution Credit Card is its points pooling system. Points earned from this card are combined with points from other HSBC credit cards (e.g., HSBC TravelOne or HSBC Visa Infinite) into a single pool, reducing the risk of orphaned points and minimizing transfer fees when redeeming for air miles. Cardholders can redeem points for:
      Air Miles: Convert points to miles with partners like Cathay Pacific (Asia Miles), Singapore Airlines (KrisFlyer), or other frequent flyer programs at a rate of 25,000 HSBC points = 10,000 miles.
      Cashback: Use the “Pay with Points” feature in the HSBC mobile app to offset purchases at a rate of 4,000 points = S$10 cashback (0.25% cashback rate).
      Vouchers and Merchandise: Redeem points for shopping vouchers, dining vouchers, or merchandise through HSBC’s rewards portal.
      Points have a validity of 37 months from the month they are earned, giving cardholders ample time to accumulate and redeem rewards.
    • No Annual Fee: The HSBC Revolution Credit Card is free for life, with no annual fee for both principal and supplementary cardholders. This feature, implemented since August 2020, eliminates the need to request fee waivers, making it a cost-effective option for long-term use. The absence of an annual fee is particularly appealing for users who want to maximize rewards without incurring additional costs.
    • Supplementary Cards: Cardholders can apply for up to five supplementary cards at no additional cost. Supplementary cardholders, who must be at least 18 years old, share the same credit limit and rewards benefits as the primary cardholder. All spending on supplementary cards earns Reward Points that are credited to the primary cardholder’s account, enhancing the ability to accumulate points quickly. However, supplementary cardholders do not receive individual benefits like separate ENTERTAINER memberships.
    • ENTERTAINER with HSBC Membership: The card includes a complimentary membership to the ENTERTAINER with HSBC app, which provides 1-for-1 deals on dining, takeaways, entertainment, travel, and wellness. This feature is particularly valuable for frequent diners and travelers, offering significant savings at participating merchants across Singapore and beyond. The app is accessible to primary cardholders and enhances the card’s lifestyle appeal.
    • Travel Insurance Benefits: Until March 31, 2025, the HSBC Revolution Credit Card offers complimentary travel insurance with over 50 benefits, including coverage for trip cancellations, delays, and medical emergencies. Cardholders can also enjoy a 5% discount on TravelSure insurance using the promo code ‘HSCARD24’ (valid until June 30, 2025). This feature adds value for frequent travelers, though it will be discontinued after March 2025.
    • Sign-Up Bonuses: New cardholders can benefit from attractive sign-up bonuses, typically requiring a minimum spend of S$500–S$800 within the month following card approval. Bonuses may include cashback, miles, or gadgets valued between S$200 and S$800, depending on the promotion. For example, a recent offer provided an Amazon e-gift voucher worth S$100 upon completing the application and Video KYC. These bonuses are subject to terms and conditions, such as providing marketing consent to HSBC.
    • Flexible Payment Options: The card supports flexible payment solutions, including:
      Balance Transfer: Transfer outstanding balances from other credit cards to the HSBC Revolution Credit Card at preferential rates.
      Cash Instalment Plan: Convert large purchases into manageable monthly instalments.
      Contactless and Mobile Payments: The card is compatible with Visa payWave, Apple Pay, Google Pay, and other mobile payment platforms, ensuring seamless transactions.
    • Global Acceptance: As a Visa card, the HSBC Revolution Credit Card is accepted worldwide, making it a reliable option for international transactions. Cardholders can use it for online purchases, in-store contactless payments, and foreign currency transactions, with applicable currency conversion rates applied.
    • HSBC Mobile App Integration: The HSBC mobile app enhances the card’s usability by allowing cardholders to: Track spending and points balance in real-time. Redeem rewards instantly for air miles, cashback, or vouchers. Monitor points expiry (notified six months in advance). Manage supplementary cards and set spending limits. Complete applications and Video KYC for faster processing. This digital integration aligns with the card’s focus on tech-savvy users, offering a user-friendly interface for managing finances.
    • Limitations and Exclusions: While the card is feature-rich, it has some limitations: The 10X Reward Points are capped at S$1,000 per month, limiting bonus earnings to 10,000 points. Certain transactions (e.g., bill payments, insurance, government services) do not earn bonus points. From July 15, 2024, contactless transactions no longer earn 9X bonus points, reducing the earn rate to 1X for these transactions. Travel insurance benefits will end on March 31, 2025. Despite these limitations, the card remains a strong contender for those whose spending aligns with its bonus categories.
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Benefits of the HSBC Revolution Credit Card

  • Introduction to Benefits:
    • Value-Oriented Design: The HSBC Revolution Credit Card offers a range of benefits that enhance its value for cardholders, especially frequent online shoppers, diners, and travelers.
    • Everyday Convenience: With accelerated rewards, lifestyle perks, and seamless digital integration, this card delivers strong savings and modern usability.
  • Accelerated Rewards Accumulation:
    • 10X Reward Points: Earn 10 points per S$1 on eligible online and contactless spend, capped at S$1,000 per month.
    • Reward Value: 10X points are equivalent to 4 miles per dollar or approximately 2.5% cashback.
    • Standard Earn Rate: 1 point per S$1 on all other spend.
    • Monthly Cap: Earn up to 10,000 points monthly (equivalent to 4,000 miles).
    • Points Pooling for Greater Flexibility: Points earned from the HSBC Revolution Credit Card are combined with other HSBC cards, creating a single pool for redemption. This reduces orphaned points and lowers transfer fees. .
    • Redemption Options:
    • Air Miles: Convert points to miles with partners like Cathay Pacific, Singapore Airlines, Etihad Airways.
    • Cashback: Redeem 4,000 points for S$10 cashback via HSBC mobile app.
    • Vouchers & Merchandise: Use points for shopping, dining, or lifestyle vouchers.
    • Points Validity: Points last for 37 months for strategic redemption.
    • No Annual Fee for Cost Savings: Permanent waiver of the S$160.50 annual fee makes the card accessible without ongoing costs or waiver hassles.
    • Supplementary Card Benefits: Up to 5 supplementary cards at no cost; all spending earns Reward Points for the primary cardholder, accelerating points accumulation.
    • ENTERTAINER with HSBC Membership: Complimentary membership providing 1-for-1 deals across dining, entertainment, travel, and wellness.
    • Travel Insurance Coverage (until Mar 31, 2025): Includes over 50 benefits such as trip cancellations, medical emergencies, and travel delays. Also, a 5% discount on TravelSure insurance using promo code ‘HSCARD24’.
    • Sign-Up Bonuses for New Cardholders: Bonuses vary by promotion, including cashback, Amazon e-gift vouchers, miles, or gadgets for meeting minimum spends within the first month.
    • Flexible Payment and Spending Options: Balance Transfer, Cash Instalment Plan, and contactless/mobile payments (Visa payWave, Apple Pay, Google Pay) provide payment flexibility.
    • Global Usability: Accepted at millions of merchants worldwide as a Visa card, suitable for international travel and online purchases.
    • Digital Convenience via HSBC Mobile App: Real-time spending tracking, instant point redemptions, expiry alerts, and faster application processing with Video KYC.
    • Limitations to Consider:
    • 10X Reward Points capped at S$1,000 monthly.
    • Contactless transactions no longer earn 9X bonus points from July 15, 2024.
    • Trave insurance benefits end after March 31, 2025.
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How to Apply for the HSBC Revolution Credit Card

  • Verify Eligibility Requirements:
    • The HSBC Premier Credit Card is available exclusively to HSBC Premier customers.
    • Ensure you meet Premier banking criteria, such as maintaining a Total Relationship Balance or having a mortgage relationship with HSBC (varies by country).
    • A credit score of 750 or higher is typically recommended for approval.
    • International credit history from select countries may be considered in some regions (e.g., UAE).
  • Choose Your Preferred Application Method:
    • You can apply online via the HSBC India website or partner platforms like paisabazaar.com or select.finology.in.
    • Other options include phone banking or visiting an HSBC Wealth Center for in-person assistance.
    • Pick the method that aligns best with your comfort and support needs.
  • Online Application Process:
    • Visit the HSBC website and go to the credit cards section. Select the HSBC Premier Credit Card and click "Apply Now."
    • Verify your identity via mobile OTP to view pre-qualified offers based on your financial profile.
    • Complete the application form with personal, employment, and financial details (e.g., PAN, income, etc.).
    • Upload digital copies of required documents: ID proof, address proof, income proof, and credit card statements (if applicable).
    • Schedule and complete the mandatory Video KYC (VKYC) session using a government-issued ID and stable internet.
  • Phone Banking Application:
    • Call HSBC’s 24/7 Premier Customer Service (e.g., 8885545255 in India).
    • Provide basic personal and account information to begin the process.
    • Submit required documents via email or through the HSBC Mobile Banking app as directed.
    • A representative will help schedule a VKYC session to complete identity verification.
  • In-Person Application at an HSBC Wealth Center:
    • Visit an HSBC Wealth Center in cities like Mumbai, Delhi, or Bengaluru.
    • Meet with a Relationship Manager to verify Premier eligibility and guide you through the process.
    • Submit hard copies of the required documents and complete Video KYC if needed.
    • Receive an application number for tracking progress online or via customer support.
  • Submit and Track Your Application:
    • Once you submit your application, you’ll receive a confirmation and tracking number.
    • Monitor your application status via the HSBC website or customer support hotline.
    • Processing typically takes up to two weeks, and the card is delivered within 7 working days of approval.
  • Post-Approval Steps:
    • Upon receiving your card, sign the back immediately to prevent misuse.
    • Activate the card via HSBC’s automated helpline or through the HSBC Mobile Banking app.

Eligibility Criteria for the HSBC Revolution Credit Card

  • Introduction to Eligibility Criteria: The HSBC Premier Credit Card is an exclusive offering available only to HSBC Premier banking customers. Its eligibility standards reflect the premium nature of the card, targeting high-net-worth individuals or those with a strong financial relationship with HSBC. Applicants must meet specific balance, income, and relationship criteria to qualify for this elite card and its global travel and lifestyle privileges.
  • Total Relationship Balance (TRB): Applicants must maintain a quarterly Total Relationship Balance (TRB) of ₹4,000,000 (₹40 lakh). TRB includes the average quarterly balance in HSBC savings/current accounts, fixed deposits, investment values, and demat holdings. Family balances (spouse, parents, children up to age 30) under a single Premier family relationship can also be included. Falling below the TRB threshold may result in a quarterly fee of 0.2% on the shortfall (up to ₹2,000 + GST).
  • Mortgage Relationship: Applicants are also eligible if they have an active mortgage of ₹11,500,000 (₹1.15 crore) or more with HSBC India. They must meet the ₹4,000,000 TRB requirement within 12 months of the first loan disbursement. No TRB-based penalty is charged as long as the mortgage remains active.
  • Corporate Salary Account Holders: Applicants with a corporate salary account under the HSBC Corporate Employee Programme (CEP) can qualify by maintaining a net monthly salary credit of ₹300,000 (₹3 lakh) or more. Accounts not meeting this salary threshold over time may be reclassified to a different banking tier.
  • Age and Residency: Applicants must be between 18 and 65 years of age and residents of India, particularly in cities where HSBC offers the card (e.g., Mumbai, Delhi, Chennai, Bengaluru, etc.). In some cases, non-resident Indians (NRIs) or global HSBC Premier customers may be eligible subject to international credit history and local terms.
  • Credit Score and Financial History: A credit score of 750 or above is generally preferred. HSBC evaluates applicants based on credit utilization, payment history, and debt-to-income ratio. A clean credit report, timely repayment record, and stable borrowing history significantly improve approval chances.
  • Employment and Income Requirements: Salaried individuals should have a stable job with a recognized employer and typically earn ₹3,600,000 (₹36 lakh) annually to meet Premier standards. Self-employed individuals must submit valid ITRs and demonstrate steady income and business reputation. Income consistency and professional stability are key approval factors.
  • HSBC Premier Banking Relationship: The card is exclusively for active HSBC Premier customers. Applicants must hold a Premier account with at least one transaction in the past 12 months. New customers are given up to six months to meet Premier qualification through savings, salary, or investments.
  • Family Member Access: Premier card benefits can be extended to immediate family members (spouse, parents, or children under 30) within a joint Premier relationship. Once a child crosses age 30, they must individually meet Premier criteria to retain access to the card and benefits like lounge access and rewards.
  • Application Timing and Limits: Applicants must not have applied for another HSBC credit card or received a credit limit increase within the last six months. They cannot apply for the same card if they already hold it. Maintaining a healthy credit profile and spacing out applications improves approval chances.
  • Global Premier Portability: HSBC Premier customers from select countries may qualify for the card in India through the Global Premier Status program. This is especially useful for expatriates or NRIs transitioning financial services across countries under the HSBC umbrella.
  • Tips to Improve Eligibility: Applicants can improve their eligibility by increasing TRB through savings or investments, improving credit scores by reducing credit utilization, or qualifying through a high-salary corporate account or large mortgage relationship.
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Documents Required for the HSBC Revolution Credit Card

  • Introduction to Documentation:
    • Applicants must submit documents to verify identity, address, income, and financial credibility.
    • HSBC streamlines the process with minimal documentation, especially for online applications using Myinfo or Video KYC.
  • Primary Documents:
    • Identity Proof:
      • NRIC (Singaporeans and Permanent Residents) - front and back copy
      • Passport (for foreigners) - must have at least 6 months validity
      • Employment Pass with QR code (Singapore)
      • PAN Card (India) or Form 60
    • Address Proof:
      • Recent Utility Bill (electricity, water, or telephone - within last 3 months)
      • Bank Statement or Passbook showing address
      • Government-issued ID with address details (e.g., Aadhaar, voter’s ID, driver’s license in India)
    • Income Proof:
      • Salaried Individuals:
        • Latest salary slip or salary certificate
        • Last 3 months’ bank statements showing salary credits (for private limited company employees)
      • Self-Employed Individuals:
        • Latest income tax returns (ITR) or Form 16 (India)
        • Profit and loss statements or audited financials (1–2 years)
      • Fixed Deposit Collateral: Confirmation letter or receipt from HSBC for fixed deposit (S$10,000 minimum)
    • Existing Credit Card (If Applicable):
      • Copy of the front side of any existing credit card
      • Latest credit card statement
  • Supplementary Card Documents:
    • Signed add-on card application form (downloadable from HSBC website)
    • Identity Proof (Aadhaar, passport, or PAN card – attested copies)
    • Address Proof (Voter ID, Aadhaar, or passport – attested copies)
    • KYC documents for compliance
    • Primary cardholder’s documents suffice for credit assessment, but supplementary cardholders must submit KYC documents.
  • Digital Submission for Online Applications:
    • Secure document upload portal or SMS/email link
    • Accepted formats: PDF, JPEG, PNG
    • Documents must be clear, legible, and recent (utility bills not older than 3 months)
    • Myinfo via Singpass auto-populates identity and address details (Singapore)
    • Video KYC requires original documents to be presented during the call
  • Branch Submission for Offline Applications:
    • Bring original documents and photocopies
    • Complete and sign the application form
    • Branch officer will attest photocopies against originals
  • Tips for Document Preparation:
    • Create a checklist to gather all documents before applying
    • Ensure scans/photocopies are clear and complete
    • Use recent documents with valid dates
    • Secure digital files with passwords or encryption
    • Keep copies of all submitted documents for your records
  • Common Documentation Issues:
    • Incomplete documents (e.g., missing salary slips) delay processing
    • Ensure digital uploads meet HSBC’s format requirements
    • Supplementary card applications may be rejected without KYC documents
  • Regional Variations:
    • India: Form 16, Aadhaar Card, and IT Returns mandatory as applicable
    • Malaysia: MyKad and local utility bills tailored to local regulations
  • Fixed Deposit Option:
    • Submit fixed deposit confirmation letter or receipt
    • Ensure deposit placement before or during application
    • Sign agreement specifying credit limit as 100% of deposit
  • Processing and Verification:
    • HSBC verifies documents within 7–14 working days
    • Applicants may be contacted for additional documents
    • Incomplete or unverifiable documents can lead to rejection

Factors Affecting HSBC Revolution Credit Card Approval

  • Introduction to Approval Factors: HSBC evaluates financial stability, creditworthiness, and repayment ability through factors like credit score, income, employment, debt levels, and application behavior.
  • Credit Score and History:
    • Minimum Score: A score of 700+ (out of 800) is ideal.
    • Payment History: Timely payments improve approval chances.
    • Credit Utilization Ratio: Keep below 30% to show discipline.
    • Negative Remarks: “Settled” or “charge-off” accounts may cause rejection.
    Applicants should check scores from Credit Bureau Singapore or CIBIL before applying.
  • Income Stability:
    • Minimum Income: S$30,000 annually (Singaporeans/PRs), S$40,000 for foreigners, or S$10,000 fixed deposit as collateral.
    • Income Proof: Salary slips/bank statements for salaried; tax returns/financials for self-employed.
    • Stability: Preferably employed with the same employer for 6–12 months.
    Irregular income may reduce approval chances.
  • Employment Status:
    • Salaried: Employed 6–12 months with reputable employers preferred.
    • Self-Employed: Stable income proven via tax returns/audits; HSBC savings account may be required.
    • Unemployed/Freelancers: Fixed deposit collateral option recommended.
  • Debt-to-Income Ratio (DTI):
    • Ideal DTI: Below 30%–40%.
    • High DTI (50%+) suggests over-leveraging, reducing approval chances.
    • Example: Monthly debt payments S$2,000; income S$5,000 → DTI 40%.
    Paying off debts before applying is advisable.
  • Number of Credit Cards:
    • High balances on multiple cards increase credit utilization and risk.
    • Applying for several cards simultaneously can raise red flags.
    • Existing HSBC cards may streamline approval but limit credit limits.
  • Application Behavior:
    • Apply for one card at a time to avoid appearing credit-hungry.
    • Complete and accurate documentation is critical.
    • Errors or inconsistencies can cause rejection.
  • Residency and Location:
    • Available nationwide in Singapore.
    • In India, limited to major cities like Mumbai, Delhi, Bengaluru.
    • Address proof must match current residence.
  • Other Factors:
    • Existing HSBC accounts improve chances due to bank familiarity.
    • Age eligibility: 21–65 years.
    • Supplementary cardholders’ eligibility depends on primary holder.
  • Tips to Improve Approval Chances:
    • Boost credit score by paying bills on time and reducing utilization.
    • Lower DTI by paying off debts.
    • Maintain stable employment for at least 6 months.
    • Avoid multiple applications within 3–6 months.
    • Use a fixed deposit as collateral if income is insufficient.
  • Length of Credit History: A longer credit history with responsible usage positively impacts approval.
  • Recent Credit Inquiries: Multiple recent credit checks by different lenders may lower approval chances.
  • Type of Credit Used: A healthy mix of secured and unsecured credit demonstrates financial responsibility.
  • Credit Card Payment Patterns: Consistently paying full amounts or more than minimum dues favors approval.
  • Outstanding Debt Levels: Lower outstanding debt balances improve creditworthiness.
  • Bank Relationship Tenure: Longer relationship with HSBC (e.g., savings/current account) can boost chances.
  • Existing Loan Obligations: High existing EMIs for personal/home loans may impact eligibility negatively.
  • Professional Stability: Applicants in stable professions (e.g., government, reputed corporates) have better approval odds.
  • Co-Applicant or Guarantor: Having a creditworthy co-applicant or guarantor can improve approval chances.
  • Credit Card Usage Purpose: Clear, responsible usage patterns (e.g., bill payments, travel) may influence approval positively.

Frequently Asked Questions (FAQs) – HSBC Revolution Credit Card

1. What is the HSBC Revolution Credit Card?
The HSBC Revolution Credit Card is a lifestyle credit card that rewards you with bonus points for everyday spending. It is designed for users who frequently spend on online shopping, dining, travel, and entertainment, offering higher reward points on these categories.
2. What are the key benefits of the HSBC Revolution Credit Card?
Key benefits include 10X reward points on online, dining, and entertainment spending, no annual fee, contactless payment features, and access to HSBC privileges such as dining and retail discounts.
3. How does the 10X reward points system work?
Cardholders earn 10 reward points per SGD $1 spent on eligible online purchases, dining, and entertainment transactions. All other eligible spend earns 1 reward point per SGD $1. Reward points can be redeemed for vouchers, gifts, or air miles.
4. Is there an annual fee for the HSBC Revolution Credit Card?
No, the HSBC Revolution Credit Card comes with no annual fee – for both the principal cardholder and any supplementary cardholders.
5. Who is eligible to apply for this credit card?
Applicants must be at least 21 years old. Singaporeans and Permanent Residents must have a minimum annual income of SGD $30,000, while foreigners need a minimum annual income of SGD $40,000.
6. Can I convert my HSBC reward points to air miles?
Yes, reward points can be converted to air miles with various frequent flyer programs such as KrisFlyer and Asia Miles. Conversion rates and fees may apply.
7. How do I apply for the HSBC Revolution Credit Card?
You can apply online via the HSBC website, through the HSBC mobile app, or by visiting a branch. Ensure you have your identification and income documents ready.
8. How long does it take to receive the credit card after approval?
Once your application is approved, you can expect to receive your HSBC Revolution Credit Card within 5 to 7 working days via mail.
9. Does the card offer contactless or mobile payment features?
Yes, the HSBC Revolution Credit Card supports contactless payments and is compatible with Apple Pay, Google Pay, and Samsung Pay for convenient mobile transactions.
10. What is the credit limit for the HSBC Revolution Credit Card?
The credit limit is assigned based on your income level and credit assessment. HSBC will inform you of your approved limit upon issuing the card.
11. Are supplementary cards available?
Yes, you can apply for supplementary cards for family members. These cards share the same credit limit and allow family members to enjoy the same rewards and privileges.
12. How can I check my reward points balance?
You can view your reward points balance through the HSBC Singapore app, HSBC online banking platform, or on your monthly credit card statement.
13. Do HSBC reward points expire?
Yes, reward points typically expire 37 months from the date they are awarded. It’s best to track your points and redeem them before they expire.
14. What happens if I lose my credit card?
If your HSBC Revolution Credit Card is lost or stolen, contact HSBC immediately via the hotline to block the card and request a replacement. You will not be liable for unauthorized transactions reported promptly.
15. How do I redeem my HSBC reward points?
Redemption can be done online through HSBC’s rewards portal. You can choose from a range of redemption options, including air miles, shopping vouchers, and other lifestyle rewards.