UPDATE 4.30pm, 23 Sep 2025: I’ve received word from an HSBC spokesperson that the new income requirement will take effect from Wednesday, 1 October 2025.
Apply for an HSBC credit card (S$400 cash reward) by the end of Sep 2025 to qualify with the current income requirements.
HSBC Singapore has updated the annual income requirement of its entry-level credit cards, increasing the barrier to entry for customers with no banking relationship with the bank. The bank’s best Miles card, the HSBC Revolution Card, will also be impacted.
New income requirements
With effect from 1 October 2025, here are the new annual income requirements for HSBC’s entry-level credit cards for Singapore citizens, permanent residents and foreigners:
📄 HSBC Revolution Card product page
✍️ What is TRB?
Total Relationship Balance (TRB) refers to the total value of your deposits, investments, and insurance with HSBC, calculated based on the average monthly balance over the last 3 months.
| Currently (till 30 Sep 2025) | Coming Soon (from 1 Oct 2025) | |
|---|---|---|
| Singaporean/PR (salaried employees) | S$30,000 | TRB S$50,000+: S$30,000 TRB under S$50,000: S$65,000 |
| Singaporean/PR (self-employed) | S$40,000 | TRB S$50,000+: S$30,000 TRB under S$50,000: S$65,000 |
| Foreigner | S$60,000 | S$65,000 |
How are secured credit cards affected?
From 1 Oct 2025 as well, applicants who would like to apply for a secured credit card with HSBC will also need to maintain a minimum of S$50,000 TRB, which includes a minimum fixed deposit of S$10,000.
Affected HSBC credit cards
All useful HSBC credit cards will be affected by this change, including the recently-revamped HSBC Premier Mastercard.
As a refresher, here are the best HSBC credit cards in Singapore at the moment:
💡 Click on + Card Summary below to view key details like pros & cons, miles/cashback details, annual fee, income requirement, and more.
