Best General Spending Credit Card Both Miles and Cashback: HSBC Revolution Card

I am not earning any referral fee from this. Just switching gears from the topic of shares/investing to general spending.

Today, I shall share the current credit card I am using for expenditure. Without doubt, regardless of gender (because of UOB's lady card), this is the best miles and/or cashback credit card in Singapore. It has been the undisputed winner for a year + and HSBC rarely goes into advertising it (hence this is why this post has no sponsored content and no other financial or miles chaser bloggers have been actively advertising it)

Summary

• No annual fees
• Best For General Spending for Miles Chaser and Cashback Camp, as credit card can earn at most offline stores through contactless payment
• Counts its reward in $1 rounded down blocks, unlike $5 rounded down blocks by most other banks

The HSBC Revolution Visa Card (One of the Best For Miles or Cashback)

The screenshot from HSBC Credit Card website speaks for itself

Spend anywhere via contactless payment (Visa paywave/google pay/apple pay/xnap app) and you get either 4 miles per dollar or 2.5% cashback. This means almost any category of general spending outside (except the usual suspects of topping up mobile wallets, tax payments, bill payments) will get you that much. Its almost like a "general spend" credit card.

And for credit card users, you can choose to use the HSBC points for either (i) redemption as miles or (ii) cashback to offset credit card bills. 

The next best "general spend" credit cards are UOB Unionpay (2%) & UOB Amex Cashback (1.7%), while in the mile categories other than the UOB Lady's card (6 miles per dollar), other credit cards are giving 4 miles per dollar. The HSBC Revolution Visa is a leader in both the cashback and miles category!!

How HSBC Credit Card Counts its HSBC Points

Unlike other credit cards which count by $5 blocks and run it down to the nearest $5 (referring to the UOB and DBS cards), HSBC counts everything to the nearest $1 block. This enables credit card users to earn more points. Let me show you with an example with a $6.50 bill:

Under a $5 block consideration: $6.50, credit card only counts as $5 and gives 4 miles per dollar for the $5. Total amount of miles: 20

Under a $1 block consideration: $6.50, credit card counts as $6 and gives 4 miles per dollar for $6. Total amount of miles: 24

Eat Hawker Food and earning either 2.5% cashback or 4 miles

Yes, I am earning that much for my hawker food purchases. This is due to the combination of using XNAP app to pay on the SG QR code that hawkers have, which is then recognised by Goggle Pay as a MCC code for eatery which HSBC revolution card recognise as a valid MCC code for its credit card rewards.

Limit of only $1,000 expenditure Per Month

The HSBC has a limit where only the first $1,000 per month gets the above cashback or miles. However, being a small spender, I have rarely hit this $1,000 per month expenditure so it dosent affect me.

All in all, if you are in the miles camp or cashback camp, you got to admit the HSBC Revolution Visa card has to be in your favourite list. No complains here.

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