HSBC has launched a new travel credit card in Singapore and it is called HSBC TravelOne Mastercard.
Key details
- Earn 1.2 miles per dollar (3x points) on local SGD spending
- Earn 2.4 miles per dollar (6x points) on foreign currency spending
- 12 airline/hotel transfer partners (see below)
- Points transfers will be completed instantly, or within 1 business day
- Free points transfers till 31 Dec 2023
- Auto-enrollment into HSBC’s Mileage Programme (no fee till 31 Dec 2023)
- Points expire 37 months from transaction
- 4x complimentary airport lounge visits annually (Dragon Pass)
- Minimum annual income requirement of S$30,000 for Singaporeans and PRs
- Sign-up bonus of 20,000 miles (worth S$375) for new and existing cardholders
- Annual fee of S$194.40 (no waiver)
- Complimentary travel insurance
- Terms & conditions
Sign-up bonus
From 12 May to 2 July 2023, new or existing cardholders can get 50,000 points (20,000 miles) upon paying the annual fee (S$194.40), spending at least S$800 by the end of the following calendar month and providing marketing consent to HSBC.
With this sign-up bonus, you’ll only need 5,000 more miles to travel to Japan/Korea in Business Class!
Related: Cheapest ways to fly between Singapore and North Asia using Miles/Points from Singapore cards
On top of that, by applying through the links on this page, new cardholders of HSBC will get an additional S$30 cash reward, on top of the above sign-up bonus.
Important steps to take during application
To receive the sign-up bonus, you are required to follow these important steps:
- Click on any link on this page to apply
- Enter your email address
- Complete your application on the bank’s website and take note of the application reference number (ARN)
- Fill up the redemption form that you receive via email
- Upon approval, forward the bank’s approval email to [email protected]
Related: Best Credit Card Sign-Up Bonuses in Singapore
Transfer partners
Other than Citibank cards, most other good miles/points cards in Singapore have very limited transfer partners. This has changed!
Points earned on the HSBC TravelOne card can be transferred to 12 Frequent Flyer and Hotel Loyalty programs, giving cardholders much better flexibility. In the Miles Game, flexibility is very important!
With this card, Singapore cardholders have another card with great transfer partners like EVA Air’s MileageLands and BA’s Executive Club (which can then be transferred to Qatar’s Privilege Club).
As shared previously, miles from these FFPs can be redeemed for cheap award flights to/from Europe and North Asia.
Additional note: Unfortunately, the HSBC Revolution card will continue to have just two transfer partners, for now at least. HSBC’s Mileage Program will also have to be enrolled separately for both cards.
Frequent Flyer Programs
Here are the FFPs that you can transfer to, from the HSBC TravelOne card:
| Frequent Flyer Program | Transfer Ratio |
|---|---|
| Singapore Airlines KrisFlyer | 25,000 points = 10,000 miles |
| Cathay Pacific Asia Miles | 25,000 points = 10,000 miles |
| EVA Air Infinity MileageLands | 25,000 points = 10,000 miles |
| British Airways Executive Club | 25,000 points = 10,000 miles |
| Air France-KLM Flying Blue | 25,000 points = 10,000 miles |
| Qantas Frequent Flyer | 25,000 points = 10,000 miles |
| Vietnam Airlines Lotusmiles | 25,000 points = 10,000 miles |
| Etihad Guest | 25,000 points = 10,000 miles |
| airasia rewards | 25,000 points = 10,000 miles |
Hotel Loyalty Programs
Here are the hotel loyalty programs that you can transfer to, from the HSBC TravelOne card:
| Hotel Loyalty Program | Transfer Ratio |
|---|---|
| Marriott Bonvoy | 25,000 points = 10,000 points |
| IHG One Rewards | 25,000 points = 10,000 points |
| Accor Live Limitless | 25,000 points = 5,000 points |
Bottom line
HSBC has launched the HSBC TravelOne Mastercard, giving cardholders free airport lounge access, uncapped earn rates of 1.2/2.4 mpd and great flexibility when redeeming miles/points.
General-spending cards like this are never meant to take on specialized cards like the Citi Rewards and HSBC Revolution. However, this card has enough good features to rank highly in Suitesmile’s list of the best general-spending, airport lounge and foreign currency cards in Singapore.
And since this is a Mastercard, cardholders can link it to the Amaze card to minimize foreign currency charges!
What do you think of this new card? Share your thoughts on the new card in Suitesmile Chat Telegram group!