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The annual fee is not waivable. If you're an existing HSBC credit cardholder, you'll be eligible for SGD30 cashback when you apply for the HSBC Visa Platinum Credit Card. What else can HSBC Rewards points be used for? Some of the key additional benefits with the HSBC Visa Infinite card which will be of most interest to our readers are: The HSBC Visa Infinite card can be used for contactless transactions, and can be added to Apple Pay. Cost per mile also accounts for an additional 0.3% ‘spread’ over money changer currency rates, though this doesn’t apply to all banks and all foreign currencies, so is a worst-case scenario. In this situation you are paying 1.33 cents per mile for foreign currency spend, a much more competitive rate. Known as the ‘Infinite Bonus Miles’ promotion, the following retailers and outlets are included: 333A Orchard Road, We can’t see that being a good proposition for most of our readers, so for us this is a card to get for its first year benefits then ditch before the second year annual fee is payable. Since every amount you spend is rounded to the nearest dollar before HSBC Rewards points are accounted for, $0.50 is the minimum transaction amount in order to earn points. Supplementary cardholders must be at least 18 years old. Complimentary airport transfers and expedited immigration … If you have held the HSBC Visa Infinite card before and cancelled it within the last 12 months, you will not be entitled to the sign-up bonus. HSBC states that “approximately three weeks is required to process the transfer of miles from a credit cardholder’s account to the credit cardholder’s personal frequent flyer account.”. When you charge your bill to your Visa Infinite credit card. These surcharges are payable in cash to the driver. Select your desired credit card to redeem from. You must book at least 24 hours prior to the pickup time with a valid flight departing from Singapore Changi Airport. Waive your HSBC Gold credit card annual fee with your Rewards points. There is no minimum spend required to trigger the sign-up bonus. spending of … Vehicle type is a Mercedes-Benz E-Class or Audi A6. Select "Card Services" and select the Credit Card you wish to redeem. Links on Mainly Miles may pay us an affiliate commission. HSBC Rewards points should reflect in your account once the transaction posts, which takes anywhere between one and three days. More recently we understand a miles renewal bonus is generally not awarded in subsequent years, so you’ll have to justify the full cost of this card ($650 or $488 depending on your banking relationship status with HSBC) for subsequent renewals. First up is the 35,000 miles welcome bonus, worth more than the annual fee itself if used wisely. Those who apply online with MyInfo via SingPass will also be entitled to $20 of Lazada and RedMart vouchers, provided their application is made by 28th February 2021, for cards approved and issued by 15th March 2021. HSBC Group  |   © Copyright HSBC Group 2002-2021. spending of S$50,000 per year required to earn miles at accelerated rate Min. The Platinum credit card Annual Fee … Historically, you get 35,000 miles with your annual fee, but HSBC has from … Once you transfer to KrisFlyer miles, your points will have a further three-year validity. Here are 10 most recommended zero annual fee card in Malaysia. How long do miles take to credit to KrisFlyer? Happiest in a First or Business Class bed flying to a faraway place, and even happier when it's using miles or points.View all posts by Andrew. It forms part of our series of credit card reviews, which are all summarised on our dedicated Credit Cards page. HSBC’s Visa Infinite has an annual fee of $650, although you only pay $488 if you’re a Premier Banking customer. 1Not applicable for redemption of air miles. Just a few points from my experience – I have held the card for 6 years now and every year I have been given reward points when renewing (I had 75000 this year – although it takes a bit of haggling with the RM). Press 3 to Select "Card Fees, Rewards and Benefits". You’ll be earning an inferior rate to several more accessible credit cards, and having to justify $650 a year for unlimited lounge access, plus some limo rides and expedited immigration clearances. You are able to utilise these transfer(s) from the start of the following month through to the end of the calendar year. * 3 mpd earn rate for the SCVI card is subject to a minimum spend of $2,000 (any currency) in the same statement cycle. The HSBC Visa Infinite card comes with a hefty price tag at $650 per year, but has some nice benefits for the money. If you spend $75,000 on this card in the first year of membership, you’ve already lost out on 30,000 additional miles you could have earned with the UOB PRVI Miles card replicating the same spending pattern. Check your inbox or spam folder to confirm your subscription. From 1st July 2020, HSBC’s expanded list of categories for points earning exclusions came into effect. Waive your HSBC Classic credit card annual fee with your Rewards points. For example if you spend $52,000 in Year 1, then you’ll be entitled to the ‘step up earn rate’ in Year 2, but then if your spend in Year 2 is only $48,000 you’ll be back to the regular earn rates for Year 3. Here are links to the full terms and conditions applicable to the HSBC Visa Infinite card and the HSBC Rewards programme. While it’s true that you can redeem HSBC Rewards points with all these airlines, you can only transfer into one of two FFPs in order to do so. This review was updated on 11th January 2021. Looking at it another way, it’s an effective cost per mile of 1.86 cents for regular cardholders and 1.39 cents for HSBC Premier customers. The only exception is the points from any 4 mpd bonus spend merchants. Over 1,100 lounges are included in the program, including all the usual third-party options at Singapore Changi Airport, and you can search the lounge list here. HSBC Premier customers are entitled to a discounted annual fee of $488.00. Thereafter they must then be transferred in blocks of 10,000. But having felt what it’s … Annual … The UOB Visa Infinite Metal Card has one of the highest annual fees in its segment at S$642. An annual programme fee of S$42.80 (inclusive of GST) applies to Cardholders who enrol in the Mileage Programme. The closest comparison to this level of LoungeKey access is the Priority Pass Prestige membership level (unlimited free member visits, US$32 fee for guests). $42.80) to enrol in the HSBC Mileage Programme. There is therefore no membership card required. By continuing to browse this site, you give consent for cookies to be used. So if you meet the minimum annual income of S$120,000 and are willing to pay the S$650 (inclusive of GST) annual card fee, then the HSBC Visa Infinite card is certainly a one-of-its-kind that caters to the … No, with this card you’ll actually accrue ‘HSBC Rewards points’, both for the sign-up bonus and for your spending. That membership is regularly priced at US$429 (around S$580), however promotional offers are regularly available. There are better cards than that for overseas spend, and you should be looking at the BOC Elite Miles or Standard Chartered Visa Infinite for much better rates, not just in cost per mile terms but miles per dollar too. Mandarin Gallery #01-19, 252 North Bridge Road, It also has a $400 annual fee and offers numerous travel … After that you’ll earn a complimentary transfer to Changi airport for every S$2,000 spent on your card in a single calendar month. Complimentary rides cannot be carried into the following calendar year, with the exception of those earned in December, which can then be used in the subsequent calendar year. Get up to 5% cashback on … LoungeKey is effectively a subset of Priority Pass (both are owned by UK-based Collinson International), however you cannot buy LoungeKey access – it is always linked to your credit card. The annual fee for the Visa Infinite debit card is €335. You can earn up to 24 complimentary transfers per year, inclusive of those provided at the start of the year (with no minimum spend requirements). In a similar fashion to the complimentary one-way limo ride, HSBC provide you with 2 expedited immigration clearances at the start of each calendar year, with 4 such benefits for HSBC Premier customers, or when you first sign up for the card. Income RM4,000 /month Annual Fee RM168 Cashback up to 5%; Citi Rewards Mastercard Min. Annual fee: HKD300 /USD40 Octopus Automatic Add Value Service (AAVS) The service is free for all first time applications. Those rates increase, but only from year two, provided you spent at least $50,000 in the previous year, to: To retain the higher rate, which HSBC calls the ‘step up earn rate’, you’ll still need to transact at least $50,000 in each card membership year, otherwise you’ll drop back to the regular rates for the following year. Press 3 to redeem and key in your Gift Code and Quantity to redeem. 8. Enter your email address to follow Mainly Miles and receive email notifications of new posts. $42.80 annual fee required to convert the points to miles $1 = Up to 1.25 air miles (Local) $1 = Up to 2.25 air miles … The annual fee of Visa Infinite is SGD650 (incl. Questions about how the coronavirus is affecting your finances or our services? Login to your HSBC Singapore Internet Banking account. The same number of points should be getting you 2,800 KrisFlyer miles (or Asia Miles), worth about $53.20. You’ll instead pay an annual fee of $40+GST (i.e. The U.S. Bank Altitude™ Reserve Visa Infinite® Card is the closest competitor to the HSBC Premier World Elite Mastercard. We have a full rundown of which credit cards provide this service, but it’s safe to say the HSBC offer is the most generous. HSBC VISA INFINITE … You won’t have to wait until your monthly statement for the points to be added, so if you’re making a purchase to achieve a short-term top-up they should be available to you within a few days. There is no guest allowance, so if you bring guests into the lounge with you the additional charge is charged to your card at a rate of US$32 per guest. The bank is then counting all Star Alliance and SIA Partner airlines, plus all oneworld carriers in the case of Asia miles, in its sum of 40! HSBC previously used to offer miles to some customers when paying their annual fee on card renewal (e.g. A full list of participating airports is available here. Details of your redemption will be reflected in your credit card statement. A natural question that arises is whether it’s “worth it” to buy … The annual fee for the HSBC Visa Infinite card is $650.00. You will be directed to the ‘Confirmation’ page. Now you can redeem your rewards online while browsing through our Rewards Catalogue. The annual fee for the HSBC Visa Infinite card is $650.00. Annual Principle Fee: $650; Annual Supplementary Card fee: Free; Fee waiver: Not Available; Interest-Free Period: 20 days; Annual Interest Rate: 25.90%; Minimum monthly payment: 3% or $50, whichever is higher; Late payment charge: $55; Cash advance fee… Key in your 16-digit HSBC credit card number when prompted. That’s quite a long wait of up to four months before you’ll see the bonus points in your account, so this isn’t a quick way to top up your balance. For regular travellers one of the most valuable perks of the HSBC Visa Infinite card in Singapore is an allocation of complimentary one-way limo rides to Changi Airport. With most credit cards in Singapore you’ll pay a transfer fee, typically $25, each time you convert your points into an airline frequent flyer programme. Fees and Charges for HSBC Visa Infinite Credit Card. On the other hand, while HSBC Visa Infinite Card's annual fee is quite high at S$650, its mile rewards aren't that much higher than other mile cards that charge much lower annual fee of around S$200 … Some of these alternative redemption options can however be useful ways to ‘cash out’ of the scheme, for example prior to cancelling the card, if you fall below one of the airline miles redemption thresholds. When you visit a participating lounge, simply show your credit card, a valid boarding pass and quote ‘LoungeKey’ to the reception staff for free access. Cost per mile on overseas credit card transactions by card These earn rates (especially in Year 1) compare poorly with other credit cards on the market in Singapore, including the UOB PRVI Miles (1.4 mpd locally, 2.4 mpd overseas). HSBC Premier customers are entitled to a discounted annual fee of $488.00. Upon successful redemption, you will receive an acknowledgement letter. Welcome Gift: Get 35,000 Air Miles awarded in the form of 87,500 Rewards Points. Full terms and conditions are available here (see section 17), with frequently asked questions also available here. A handling fee of HKD20 will be levied for applications switched from other banks or … Income RM8,333.33 /month Annual Fee Free Cashback No; HSBC Visa … Compare No Annual Fee Credit Cards in Malaysia. Yes, points expire at the end of a 37-month period commencing from the month subsequent to the month in which such points were awarded. If you’re the kind of person who likes to top up several times a year, this is typically more cost effective than with other cards. Foreign exchange transactions (including but not limited to Forex.com); Donations and payments to charitable, social organisations and religious organisations; Quasi-cash transactions (including but not limited to transactions relating to money orders, traveler’s checks, gaming related transactions, lottery tickets and gambling); Payments made to financial institutions, securities brokerages or dealers (including but not limited to the trading of securities, investments or crypto-currencies of any kind); Payments to any professional services provider (including but not limited to GOOGLE Ads, Facebook Ads, Amazon Web Services, MEDIA TRAFFIC AGENCY INC); Top-ups, money transfers or purchase of credits of prepaid cards, stored-value cards or e-wallets (including but not limited to EZ-Link, Transitlink, NETS Flashpay and Youtrip); Payments in connection with any government institutions and/or services (including but not limited to court costs, fines, bail and bond payment); Tax payments (except HSBC Tax Payment Facility); The monthly instalment amounts under the HSBC Spend Instalment; Balance transfers, fund transfers, cash advances, finance charges, late charges, HSBC’s Cash Instalment Plan, any fees charged by HSBC; Any unposted, cancelled, disputed and refunded transactions. That gives you three years and one month of validity. • Annual fee will be waived if the cardholder(s) swipe the HSBC Visa … Here’s our review of the HSBC Visa Infinite card issued in Singapore. Due to the ongoing COVID-19 situation, the following changes were announced on 24th November 2020: The HSBC Visa Infinite card has a $120,000 per year income requirement for all applicants. It can be easy to fall for the luxury services for the HSBC Visa Infinite Card, but if you are traveling a lot does it actually make sense for your wallet? If you do not meet the minimum annual income requirement of $120,000, you can still be considered for the HSBC Visa Infinite card with a minimum fixed deposit of S$30,000, maintained with the bank until account closure. Believe it or not, HSBC used to offer completely unlimited airport transfers for holders of its Visa Infinite card, with a spend of at least S$5,000 per quarter. In reality you can only convert your HSBC Rewards points into Singapore Airlines KrisFlyer miles or Asia Miles. The annual fee is not waivable. 5,000 HSBC Rewards points), however this is no longer possible. For the full terms and conditions of the Programme, please visit hsbc.com.sg/rewards. Up to five … Benefit from 5X rewards & various other vouchers. The HSBC Visa Infinite card has a 2.8% foreign currency transaction fee, which is among the lowest on the market in Singapore. Your rewards redemption is now being processed. Terminal 3, Departure/Transit #02-52 The HSBC Visa Infinite card comes ready linked to an unlimited LoungeKey account for worldwide airport lounge access. These transfer to KrisFlyer miles at a 2.5:1 ratio, so for $10,000 of local spending in the first year of card membership, you’ll net 25,000 HSBC Rewards points, which can be converted to 10,000 KrisFlyer miles. The following categories won’t earn any miles with this card: Source: HSBC Rewards Programme T&C (Jul 20). That benefit was replaced with the current deal in late 2016, however this still arguably provides the best offer on the market – an airport limo transfer for every S$2,000 spent on the card. Known as the ‘Infinite Bonus Miles’ promotion, the following retailers and outlets are included: Which loyalty schemes can I transfer into? Up to five supplementary cards can be added to your account for free. Read the HSBC Rewards Programme Terms & Conditions. Simply call 1800-HSBC NOW (4722 669) to redeem. The annual fee of S$650 (for new customers, S$488 for existing HSBC Premier Customers) for the HSBC Visa Infinite is the highest among the three cards. HSBC VISA Signature: Primary (RM) 600: Supplementary (RM) 600: Note: The following annual fees are applicable to cardholders who were upgraded by the Bank under the Credit Card's Upgrade Initiative on … All rights reserved. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Telegram (Opens in new window), Singapore Airlines Fleet & Storage Report: August 2020, Le Meridien Sentosa joins 200-strong list of Singapore staycation hotels, 2020 Guide: Earn miles paying income tax with your credit card, Alaska Mileage Plan buy miles 60% bonus offer, 10 reasons to add the revamped HSBC Revolution Card to your wallet in 2021, Singapore Airlines announces April 2021 schedule, COVID-19: Singapore offers early vaccinations to aviation workers, Beware of the unusual Citi Rewards points expiry policy. The only exception is the poor miles earning rates for at least 18 years old rate! This service at any time this spend are the same as for miles rates... Hsbc Visa Infinite t & C be transferred in blocks of 10,000 per. Was also available for a limited time of Visa Infinite card is €335 “ over 40 airlines advertising! 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