HSBC Revolution Credit Card
hsbc · HSBC Rewardsmiles
How it earns
6.66 mpd Online or contactless at an eligible merchant (EGA S$50k)
eligible-20xCapped at S$1,200.00 of spend per calendar month · then falls to 0.33 mpd
3.33 mpd Online or contactless at an eligible merchant
eligible-10xCapped at S$1,000.00 of spend per calendar month · then falls to 0.33 mpd
0.33 mpd Everything else
baseUncapped
Mechanics that decide real outcomes
- Period basis
- calendar month
- Bins by
- posting date
- Accrual
- per_dollar, floor
- Settlement
- points balance
- Credit lag
- immediate
- Native unit
- Reward points → 0.33 miles each
- Conversion
- free
- Expiry
- 36 months
Exclusions
excluded mcc
48 MCCs: 4829, 4900, 5199, 5960, 6010, 6011, 6012, 6050…excluded merchant
^EZ-?LINK ^TRANSITLINK NETS FLASHPAY ^YOUTRIP ^CARDUP ^IPAYMY ^SMOOVPAY ^PAYPAL SKRILL ^FOREX\.COM GOOGLE ?ADS FACEBOOK ADS AMAZON WEB SERVICESnot a purchase
non-purchase transactionsTerms and sources
Official terms and conditions ↗
- “HSBC Revolution Credit Card — Reward Points Terms and Conditions.”
- “HSBC Rewards Programme Terms and Conditions — points validity and transfers.”
- “"Eligible Transactions" refers to Selected Online Transactions and Selected Contactless Payments that fall within any one of the following Merchant Category Codes (MCC): Travel related merchants 3000 to 3350, 3351 to 3500, 3501 to 3999, 4411, 4511; Department Stores and Retail Stores 4816, 5045, 5262, 5309, 5310, 5311, 5331, 5399, 5611, 5621, 5631, 5641, 5651, 5655, 5661, 5691, 5699, 5732 to 5735, 5912, 5942, 5944 to 5949, 5964 to 5970, 5992, 5999; Dining excluding hotel dining 5441, 5462, 5811, 5812, 5813; Others such as Transportation and Membership Clubs 4121, 7997.”
- “Bonus Points are subject to a cap of 9,000 Bonus Points per calendar month, while Base Points are not subject to any cap.”
- “Reward points shall be calculated based on the total amount of Eligible Transaction posted into HSBC's credit card system within each qualifying calendar month, rounded down to the nearest SGD1.”
- “The HSBC Revolution adopts a whitelist policy, which means that transactions don't earn bonuses unless they're explicitly included in the T&Cs. Bonuses will only be awarded for online transactions, or in-person contactless payment; payments made by swiping the magnetic stripe and/or using the chip will not be eligible.”
- “The bonus reward for regular cardholders is capped at 9,000 points per calendar month, equivalent to S$1,000 of spending.”
- “Before 16 January 2025: 25,000 HSBC points = 10,000 KrisFlyer miles. After 16 January 2025: 30,000 HSBC points = 10,000 KrisFlyer miles.”
- “The redemption fee waiver for points conversions, which was set to end on 31 January 2025, will now be continued indefinitely.”
Notes
HOW IT EARNS - 1 base + 9 bonus = 10 Reward points per S$1 online or contactless, capped at 9,000 Bonus Points per CALENDAR month (= S$1,000 of spend). Base points are uncapped. No annual fee, ever. - 3.33 mpd IS THE KRISFLYER FIGURE, and the programme you transfer to changes it. HSBC's rewards catalogue converts at different ratios per partner: at 25,000 points : 10,000 units the same 10 points a dollar is 4 mpd, which is what British Airways Executive Club (Avios) and several other partners pay. This rule models KrisFlyer because that is the programme the rest of this wallet earns into and mixing two ratios in one "miles" number would make the totals meaningless. Read every figure on this card as KrisFlyer miles; a transfer to Avios is worth about 20% more. - 3.33 mpd, NOT the 4 the marketing says. HSBC devalued the KrisFlyer transfer on 16 Jan 2025 to 30,000 points : 10,000 miles, from 25,000. Ten points a dollar at a third of a mile each is 3.33; the old ratio would overstate the card by 20%. MileLion's April 2026 review agrees on 3.33, though it prints the BASE as 0.4 mpd, which is the pre-devaluation figure — clause 7.1 gives 1 Reward point per S$1, so the base is 0.33. - Whitelist card: nothing earns the bonus unless its MCC is on the clause 7 list, so an unrecognised merchant correctly falls to the base rate. WATCH OUT - Bonus points are credited LATE — clause 10, by the last day of the following calendar month, so up to two months after the transaction. - The cap is per CALENDAR month while the statement cycle is not, so a statement straddling a month boundary contains parts of two cap windows. NOT MODELLED - MODELLED, not assumed: the enhanced tier is a per-card setting, off by default. Turn it on for this card in Wallet if you hold the balance. Clause 9's table, read 2026-08-06: a cardholder holding S$50,000+ average daily balance in an HSBC Everyday Global Account earns 1 base + 19 bonus = 20 Reward points per S$1, capped at 22,800 Bonus Points a month (= S$1,200 of spend). At 30,000:10,000 that is 6.67 mpd, not the 8 the marketing quotes — the same devaluation that makes the standard tier 3.33 rather than 4. Needs a per-card user setting; this wallet is modelled on the standard tier and is under-reported if that balance is held. Now carried as a second tier and chosen by the setting. - The 30,000-point minimum transfer is inferred from the 3:1 ratio, not quoted. HSBC allows 5-point top-ups past the threshold, which the DSL cannot express. EVIDENCE - Checked 2026-07-30 against the CURRENT terms. This file was written from the "10X Reward Points Program" document of 15 July 2024, replaced by the "Revolution Credit Card Reward Points Programme" from 1 April 2026. Both PDFs are still served, so the old citation looked healthy. The numbers survived the change and the tiers needed no edit.