HSBC Revolution Card Annual Fee in Singapore 2026: Worth Keeping?

The HSBC Revolution card usually costs nothing to hold: according to HSBC Singapore at the time of writing in 2026, HSBC is waiving the Revolution Credit Card annual fee. That makes it worth keeping for most cardholders in Singapore. It earns up to 10x Reward points, or up to 4 miles per dollar, on eligible contactless and online spending, and HSBC lists dining, shopping, travel, ride hailing, taxis and memberships among the qualifying spend.

ShopBack Singapore is a free app and website that gives you money back when you shop, book or apply for selected products at partner stores, including HSBC cards. You open the store from ShopBack, carry on as normal, and cash comes back to your ShopBack account after the order or application is confirmed. New members can join ShopBack Singapore for free.

How we put this together. We read HSBC Singapore's own pages for the Revolution, Live+ and TravelOne cards and its credit card promotions page in October 2026, plus the terms on each card's ShopBack page. Card fees, earn rates and gifts change, so check hsbc.com.sg before you apply.

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The verdict

Keep the HSBC Revolution card if you pay by contactless or online for meals, shopping, travel or rides, because HSBC is waiving the annual fee and that spending earns up to 10x Reward points. Pick HSBC Live+ instead if you would rather get cash rebates on dining, shopping and entertainment and you spend at least SGD600 a month on them. Pick TravelOne if you spend a lot in foreign currency and will use its lounge visits, since it charges an annual fee.

Whichever card you choose, go through ShopBack before you apply: open the HSBC Revolution page on ShopBack, tap through and finish the application in that same session.

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Does the HSBC Revolution card have an annual fee?

HSBC says it is waiving the HSBC Revolution Credit Card annual fee, so you can usually hold the card without a yearly charge. The waiver is stated on HSBC Singapore's Revolution card page at the time of writing. Waivers can change, so check the fee section of that page before you apply and again around your card anniversary.

Other charges still apply if you use the card in certain ways. HSBC lists a finance charge on cash advances at an effective rate of 27.8% a year, with a minimum charge of SGD2.50, for example. Pay your statement in full and avoid cash withdrawals and the card stays close to free to run.

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Is the HSBC Revolution card worth keeping in 2026?

For most people in Singapore, yes: a waived annual fee means the card only has to earn something to be worth its slot in your wallet. Here is what HSBC says it earns, at the time of writing:

What you spend on	Reward points per dollar	Miles equivalent	Monthly cap on Bonus Points
Eligible contactless and online spend (most cardholders)	Up to 10x (1x base + 9x bonus)	Up to 4 miles	9,000 Bonus Points
Same spend, with SGD50,000 deposits ADB in an HSBC Everyday Global Account	Up to 20x (1x base + 19x bonus)	Up to 8 miles	22,800 Bonus Points
All other qualifying transactions	1x base		No cap

Source: HSBC Singapore, HSBC Revolution Credit Card page, October 2026.

A few things decide whether the card pays off for you:

• How you pay. Bonus Points apply to selected contactless payments and selected online transactions in listed merchant categories. HSBC notes that the store's acquiring bank, not HSBC, sets each store's merchant category code.
• The cap. At 9x bonus, the 9,000 Bonus Point cap is reached at about SGD1,000 of eligible spend in a calendar month. Spend beyond that earns base points only.
• What else is in the card. HSBC says the card comes with Visa Signature privileges and includes complimentary travel insurance against flight inconvenience and personal accidents of up to SGD1 million for you and your family, plus coverage for online purchase losses or damage.
• Redemption. You can turn Reward points into miles, hotel points, gadgets and more, and HSBC's Travel with Points lets you use them on flights, stays or car rentals.

Who should probably not bother: if you mostly pay by bank transfer or PayNow, or most of your spend falls outside the bonus categories, the card will earn mainly base points. It still costs nothing to hold while the fee is waived.

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HSBC Revolution card: who can apply in Singapore

HSBC says you must be at least 21 years old and meet a minimum annual income that depends on your residency and your banking relationship with HSBC. The lowest income figure on HSBC's table applies to Singaporeans and PRs on salary who already keep at least SGD50,000 with HSBC, and the bank also weighs your overall financial standing and creditworthiness. Foreigners working in Singapore may be able to share their credit history from home when applying online, according to HSBC.

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HSBC Revolution official card offers

HSBC's own sign-up offer for Revolution in the October to December 2026 window pairs the card with an HSBC Everyday Global Account. According to HSBC's promotions page at the time of writing, new cardholders can earn up to 112,000 Reward points by applying for both and meeting the spend and deposit conditions, with 42,000 Reward points on the card itself after spending at least SGD1,000 and giving marketing consent. Existing HSBC cardholders get a smaller welcome gift. These offers change each promotion window, so read the terms for your window on hsbc.com.sg.

HSBC's rewards programme sits behind every one of these cards: points go into one Reward points balance that you redeem in the HSBC Singapore app, and HSBC says miles and hotel points can be redeemed instantly with no redemption fee until it decides otherwise.

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What's the difference between HSBC Live+ and HSBC Revolution?

HSBC Revolution earns Reward points (convertible to miles) on contactless and online spending with the annual fee waived, while HSBC Live+ returns cash on dining, shopping and entertainment and asks for a minimum monthly spend. Here is how they line up, according to HSBC at the time of writing:

	HSBC Revolution	HSBC Live+
What you earn	Reward points, up to 10x (up to 4 miles per dollar)	Cash rebates
Main earning categories	Contactless and online: dining, shopping, travel, ride hailing, taxis, memberships	Dining, shopping and entertainment
Rate on main categories	Up to 10x, or up to 20x with SGD50,000 deposits ADB	5%, with at least SGD600 eligible spend a month in that quarter
Petrol	Not a bonus category	5% at Caltex and Shell in Singapore
Everything else	1x base points	0.3%
Annual fee	Waived	Waived in year one; from year two, waived if you spend more than SGD12,500 a year

Choose Live+ if you like seeing money come back rather than points, you spend at least SGD600 a month on food, shopping and fun, and you will clear SGD12,500 a year to keep the fee waived. HSBC also gives new Live+ cardholders a higher rate for their first two calendar quarters, under terms that change by issue date.

Choose Revolution if you want miles or flexible rewards, pay by phone or card tap a lot, and do not want to track a yearly spend target for the fee.

Hold both if your spending splits neatly: some people put dining on Live+ and online travel and ride hailing on Revolution. Just watch each card's cap and minimum.

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Is the HSBC TravelOne card worth it?

HSBC TravelOne is usually worth it for people who travel several times a year and spend in foreign currency, because it earns up to 2.4 miles per SGD1 overseas and includes 4 airport lounge visits a year. Unlike Revolution, it charges an annual fee of SGD196.20 including GST from the issue date, according to HSBC. From year two, HSBC waives it if you spend more than SGD25,000 a year, and if you pay it, HSBC says it credits up to 12,000 miles (as 30,000 Reward points) from 1 January 2026.

What TravelOne gives you, per HSBC at the time of writing:

• Miles: up to 2.4 miles (6x Reward points) per SGD1 on foreign currency spend, and up to 1.2 miles (3x) per SGD1 on local spend.
• Instant redemption: with airline and hotel partners such as Singapore Airlines, Cathay Pacific and Marriott Bonvoy, in the HSBC app.
• Lounges: 4 complimentary visits a year to over 1,300 airport lounges for primary cardholders.
• Insurance: complimentary travel insurance coverage.

A quick way to judge it: if you will spend a few thousand dollars abroad each year and use the lounge visits, the miles and perks usually outweigh SGD196.20. If you travel once a year, a no-fee card like Revolution may suit you better.

When you charge flights and hotels to TravelOne, the booking route matters too. For merchants like Booking.com, Trip.com, Agoda and Expedia, going through ShopBack is an essential step before you book or check out, so you pay less on the same booking or order.

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When does HSBC run its best credit card sign-up promotions?

HSBC Singapore runs card sign-up promotions all year, in windows that usually follow the calendar quarter, and the gift changes from one window to the next. HSBC's credit card promotions page lists 2026 sign-up terms for 1 January to 31 March, 1 April to 30 June, 1 July to 30 September and 1 October to 31 December. TravelOne has run on its own windows, including 1 July to 31 October 2026.

What that means for timing:

1. There is almost always an offer. You rarely need to wait for a big sale date to apply.
2. Gifts rotate. In 2026, HSBC's gifts have included Reward points, luggage and cash credit, with the larger gifts kept for new cardholders.
3. Compare windows if you can wait. Near the end of a quarter, check whether the next window looks better before you apply.
4. Meet the spend condition in time. Most gifts need a minimum spend from the card opening date to the end of the following month, and marketing consent when you apply.

On the ShopBack side, keep the routine the same whatever the window: open the card's ShopBack page, tap through and finish the application in one go.

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HSBC credit card promotions vs DBS, UOB, OCBC and Citi in Singapore

DBS, UOB, OCBC, Citi and Standard Chartered also issue rewards and cash rebate cards in Singapore, each with its own bonus categories, caps, fees and sign-up gifts. Searches that put HSBC Revolution next to these banks usually come down to three questions: where your money actually goes each month, whether you want miles or cash, and how much admin you will accept around minimum spends and caps. Compare the current sign-up gift and fee terms on each bank's own website on the day you apply, since every bank changes them through the year.

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Using your HSBC card and ShopBack on the same purchase

This works separately, and both can apply, but neither is guaranteed by the other. Go through ShopBack before you pay, then pay with your HSBC card as normal:

• Your card rewards follow HSBC's terms, including the merchant category code the store's bank assigns, so a purchase may or may not earn bonus points.
• ShopBack tracking follows the store's terms on its ShopBack page. Some stores exclude orders that use promo codes not featured on ShopBack, and gift cards and vouchers are usually excluded.
• Check both sets of terms for big purchases rather than assuming they line up.

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How ShopBack lowers what you pay

Before you apply for a card or book a trip, open ShopBack Singapore, tap the store and finish in that same session. Cashback lowers what you actually pay for an order. It comes back as cash, so it works like a discount on the price, not like points or miles.

For card applications, ShopBack returns a fixed cash amount on eligible approved applications, shown on each card's page: HSBC Revolution, HSBC Live+ and HSBC TravelOne.

For bookings and orders, your effective price is what you pay minus the cash ShopBack returns. An illustrative example: a S$300 hotel booking charged to your HSBC card, with an illustrative fixed S$15 back from ShopBack, has an effective price of S$285. The amount is only for the maths; the live rate and terms are on each store's ShopBack page.

Applying for HSBC Revolution? Open its ShopBack page first, then complete the application in the same session.

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When this does not apply

• You carry a balance. Interest and late fees usually outweigh any points or rebates. Pay in full each month.
• Your spend is mostly bank transfers or bill payments outside the bonus categories. Revolution earns mostly base points there.
• You will not use TravelOne's lounge visits or spend abroad. The annual fee is harder to earn back.
• You cannot meet Live+'s SGD600 monthly minimum. The 5% rate depends on it.

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Frequently asked questions

Does the HSBC Revolution card have an annual fee?

According to HSBC Singapore at the time of writing, HSBC is waiving the annual fee on the HSBC Revolution Credit Card. That makes it a card you can usually keep at no yearly cost, so it is worth keeping if you spend on dining, shopping, travel, ride hailing or memberships by contactless or online payment, where it earns its accelerated Reward points.

Is the HSBC Revolution card worth keeping?

For most Singapore cardholders it is worth keeping while the annual fee is waived. HSBC says it earns up to 10x Reward points (up to 4 miles per dollar) on eligible contactless and online spending, with 9,000 Bonus Points a calendar month as the cap for most cardholders, and 1x on other qualifying spend. If your eligible spend is low, it still costs nothing to hold, but a card you never use earns nothing.

How do I earn 20x Reward points on HSBC Revolution?

According to HSBC, you earn up to 20x Reward points (up to 8 miles per dollar) on eligible contactless and online transactions in a calendar month when you keep a deposits average daily balance of at least SGD50,000 in your sole HSBC Everyday Global Account in Singapore dollars. Bonus Points for this tier are capped at 22,800 per calendar month.

What's the difference between HSBC Live+ and HSBC Revolution?

HSBC Revolution earns Reward points you can turn into miles or other rewards, mainly on contactless and online spending, and HSBC is waiving its annual fee. HSBC Live+ pays cash rebates instead: 5% on eligible dining, shopping and entertainment when you spend at least SGD600 a month in the quarter, 5% on petrol at Caltex and Shell, and 0.3% on other eligible purchases. Live+ waives the fee in year one, then from year two if you spend more than SGD12,500 a year.

Is the HSBC TravelOne card worth it?

It is usually worth it if you travel often and spend in foreign currency. According to HSBC, TravelOne earns up to 2.4 miles per SGD1 on foreign currency spend and up to 1.2 miles on local spend, includes 4 complimentary airport lounge visits a year for primary cardholders, and charges an annual fee of SGD196.20 including GST, waived from year two if you spend more than SGD25,000 a year.

When does HSBC run its best credit card sign-up promotions?

HSBC Singapore runs sign-up promotions all year in windows that usually follow the calendar quarter. Its promotions page lists 2026 terms for 1 January to 31 March, 1 April to 30 June, 1 July to 30 September and 1 October to 31 December. The gift changes between windows, so compare the current offer with the next one if you are not in a hurry.

Can I get HSBC's sign-up gift if I already have an HSBC card?

Usually you get a smaller gift. HSBC's promotions page reserves the larger welcome rewards for new cardholders and offers existing cardholders a smaller amount. Each window has its own terms, so read the promotion's terms and conditions on hsbc.com.sg before you apply.

Who can apply for an HSBC Revolution card in Singapore?

According to HSBC, you need to be at least 21 years old and meet a minimum annual income that depends on whether you are a Singaporean, PR or foreigner and on your banking relationship with HSBC. The bank also looks at your overall financial standing and creditworthiness. The current income table is on HSBC's Revolution page.

How do I apply for an HSBC card through ShopBack?

Open ShopBack Singapore, go to the HSBC card's page, tap through and complete the application in the same session. ShopBack returns a fixed cash amount on eligible approved applications, and the live amount and terms are shown on that card's ShopBack page. Go through ShopBack before you apply, not after.

Can I use my HSBC card and ShopBack on the same purchase?

Usually yes, because they work separately. Go through ShopBack before you pay, then pay with your HSBC card as normal. Your card rewards follow HSBC's terms and the merchant category the store's bank assigns, while ShopBack tracking follows the store's terms on its ShopBack page.

How does HSBC Revolution compare with DBS, UOB, OCBC and Citi cards?

DBS, UOB, OCBC, Citi and Standard Chartered all issue rewards and cash rebate cards in Singapore, and each sets its own bonus categories, caps, fees and sign-up gifts. HSBC Revolution's main draw is a waived annual fee with points on contactless and online spending, so compare the categories where you actually spend and the current sign-up gift on each bank's own site.

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Key takeaways

• HSBC is waiving the HSBC Revolution annual fee, according to HSBC Singapore at the time of writing, so the card is usually worth keeping.
• Revolution earns up to 10x Reward points (up to 4 miles per dollar) on eligible contactless and online spend, capped at 9,000 Bonus Points a month for most cardholders.
• HSBC Live+ suits cash rebate fans who spend at least SGD600 a month on dining, shopping and entertainment.
• HSBC TravelOne charges SGD196.20 a year and suits frequent travellers who spend in foreign currency and use lounges.
• HSBC sign-up promotions run in roughly quarterly windows all year, with the bigger gifts for new cardholders.
• Go through ShopBack Singapore before you apply: open the HSBC Revolution page on ShopBack and finish the application in the same session.

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Disclaimer

The views in this article are those of the author. Card fees, waivers, earn rates, caps, income requirements and sign-up gifts are set by HSBC and change over time; check hsbc.com.sg before you apply. Examples using illustrative amounts are for the maths only. ShopBack amounts and terms vary by card and over time; check the live amount and Terms on each card's ShopBack page. This article is general information only and is not financial advice. Credit card approval is at the bank's discretion.

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