HSBC has lately launched a brand new common spending bank card referred to as the HSBC TravelOne Credit score Card which presents a spread of advantages for frequent flyers. Though it’s essentially a common spending card, it’s designed to cater to the wants of vacationers based mostly on the advantages that include it. These advantages embody entry to airport lounges, journey insurance coverage and rewards factors that may be redeemed for flights.
One of many key options of the HSBC TravelOne bank card is that it’s linked to 9 frequent flyer packages, together with some much less widespread carriers. Which means cardholders can earn rewards factors on their HSBC TravelOne card, which might then be transferred to their most well-liked frequent flyer program. On this article, I goal to interrupt down the options and the price of getting the HSBC TravelOne Card and decide whether it is price getting.
P.S. Earlier than you apply for this card, be certain to learn this text till the top, particularly should you don’t have any current HSBC card. You’ll thank me later.
Advantages
The HSBC TravelOne Credit score Card comes with a spread of advantages, together with:
- Rewards: 1.2 mile per S$1 on native spend / 2.4 mile per S$1 on international foreign money spend
- Lounge entry: Clients can get pleasure from complimentary 4x entry to over 1,300 airport lounges worldwide.
- Journey insurance coverage: Clients are lined for as much as $100,000 for journey insurance coverage together with Covid-19.
- Reward factors: Rewards factors earned might be redeemed for miles or resort factors with no conversion price till thirty first December 2023.
- Frequent flyer companions: Clients can earn miles on 9 totally different frequent flyer packages, together with Singapore Airways, Cathay Pacific, British Airways and Vietnam Airways.
Plus, till thirty first August 2023, HSBC is giving cardholders 20,000 miles as a welcome reward for every profitable utility of the HSBC TravelOne Card. That is offered cardholders pay the annual price of S$194.40 and spend at the least S$800 by the top of the next month after card approval date. This promotion is relevant for each new and current HSBC cardholders.
Eligibility
To be eligible for the HSBC TravelOne Credit score Card, prospects should meet sure standards, together with:
- Age: Clients have to be at the least 21 years previous.
- Earnings: Clients will need to have a minimal annual revenue of $30,000 (Singaporeans/PR) and S$40,000 (Foreigners or Self-Employed).
- Credit score rating: Clients will need to have an excellent credit score rating.
Frequent Flyer Companions
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The HSBC TravelOne bank card presents its cardholders the power to earn miles with 9 frequent flyer companions. These companions embody:
- Singapore Airways KrisFlyer
- Cathay Pacific Asia Miles
- Eva Air Infinity Mileagelands
- Etihad Visitor
- British Airways Government Membership
- Qantas Frequent Flier
- Air France/KLM Flying Blue
- Vietnam Airways Lotus Miles
- airasia Rewards
Total, that is fairly a stable checklist because the presence of Star Alliance and OneWorld companions permit cardholders to redeem their miles with accomplice airways with these respective alliances as properly. Avios miles for British Airways Government Membership will also be used to switch to Qatar Airways, for instance.
That is in distinction to most different bank cards in Singapore which are restricted to Singapore Airways and Cathay Pacific. Solely Citi has extra switch companions for air miles, with 10 companions. Citi has the addition of Qatar Airways, Thai Airways and Turkish Airways however doesn’t have Vietnam Airways or airasia that are each a part of HSBC TravelOne’s checklist.
No Miles Conversion Payment Till thirty first December 2023
HSBC is launching the HSBC TravelOne Card with no charges for transferring miles from the bank card to 1’s most well-liked frequent flyer program till thirty first December 2023. This can make it simpler to switch as little (or as a lot) miles – contemplating that many frequent flyer packages even have an expiry of about 3 years from the time the miles are deposited. Cardholders may also select to separate the miles they earn from the cardboard between a number of frequent flyer packages with out having to fret about incurring the conversion price a number of instances.
Minimal amount to switch is 10,000 miles and in subsequent multiples of two miles thereafter. The next a number of of two miles is a plus because it helps to keep away from having “unredeemable miles.” Most different bank cards require a tough 10,000 miles a number of to redeem.
Miles Incomes
Cardholders can earn 2.4 miles per greenback spent on international foreign money transactions and 1.2 mile per greenback spent on native transactions. The earn fee for native spend is consistent with the earn charges for DBS Altitude and Citi PremierMiles. For international foreign money spend, the two.4 miles per greenback is on the increased finish of the vary, and is matched solely by the UOB Prvi Miles.
It is usually price noting that HSBC awards rewards factors even for fractional spends, i.e. 50 cents. That is in distinction with OCBC or UOB the place factors are solely awarded for spends in multiples of S$5. For cardholders that spend quite a bit on small paywave transactions, HSBC playing cards may also help to seize extra factors.
Lounge Entry
Cardholders can get 4x airport lounge entry per yr. The lounge entry is thru the Mastercard Journey Go which by itself is beneath DragonPass.
To these accustomed to Precedence Go, DragonPass comprises roughly the identical lounges as Precedence Go. There’s a notable inclusion nonetheless – the Plaza Premium community of lounges is included as properly beneath DragonPass which opens up a comparatively huge variety of extra lounges in airports throughout Asia-Pacific.
The 4x lounge entry can be extra beneficiant than different common spend playing cards. Each DBS Altitude and Citi PremierMiles include simply 2x entry for Precedence Go lounges.
Conclusion – Ought to You Get It?
The HSBC TravelOne bank card is a brand new providing within the bank card house, boasting partnerships with 9 frequent flyer packages. Whereas the miles incomes fee is comparatively commonplace, this may show to be a nifty card to have when one correctly takes benefit of the free miles conversion function.
Additionally, the introductory sign-up supply of 20,000 miles from paying the annual price of S$194.40 is an efficient deal. The fee works out to be lower than 1 cent per mile – and with no miles conversion price to sweeten the deal.
By advantage of this alone, the cardboard is price getting if you’re seeking to redeem your miles for flights within the subsequent couple of months or years. Their expanded variety of journey companions means that you could be additionally be capable to select one other service which isn’t Singapore Airways or Cathay Pacific. This provides you extra choices to redeem with different carriers that will have extra award ticket availability, as an illustration.
So long as this sign-up supply is on the market, the HSBC TravelOne bank card appears to be a sensible choice for these seeking to earn journey rewards whereas additionally having fun with extra perks similar to lounge entry and journey insurance coverage. The partnerships with a number of frequent flyer packages present added flexibility for vacationers, and the beneficiant incomes charges make it a worthwhile funding for many who steadily journey for enterprise or pleasure.
Do This Earlier than Making use of For the HSBC TravelOne Card!
For the reason that HSBC TravelOne Card gives the identical welcome reward for each new and current prospects, it could be higher to use for one more HSBC card first as your first HSBC card in an effort to get the sign-up reward for that after which apply for the HSBC TravelOne Card after.
If you’re considering which HSBC card to get as your first, the HSBC Revolution Card is one which gives for a terrific miles incomes fee. I personally use it for my day-to-day spends. It offers 4 miles per S$1 for contactless funds made by way of paywave, Apple Pay, Google Pay or on-line buying. Presently, HSBC is gifting away a Samsonite Status 69cm Spinner baggage or S$150 should you apply as a brand new HSBC cardholder (those that haven’t had an HSBC card the final 12 months or extra) and make the qualifying spend. You’ll be able to apply right here.
After making use of for the HSBC Revolution Card, you may then apply for the HSBC TravelOne Card and benefit from the welcome reward for each. You’re welcome.
You’ll be able to apply for the HSBC TravelOne Credit score Card right here relatively than making use of immediately from HSBC web site and get an extra money payout of S$30 by way of PayNow from Singsaver.
