Saving & Spending
Nerfed and Hammered (Again): HSBC Revolution Loses Bonus Points on Contactless Payments and Travel-Related Expenses
By Sethisfy  •  June 13, 2024
In a relatively surprising revelation, HSBC continues to hammer away at the utility of its popular HSBC Revolution card. The most notable change this time is the removal of contactless transactions for its bonus earn rate from 15th July 2024. In case the card isn’t unattractive enough, it is also removing travel-related categories from the bonus earn rate from 1st January 2025. Thanks to James for sharing this. No longer useful for offline transactions, not that useful for online ones Until the nerf happens, cardholders will receive 10X Reward Points (equivalent to 4 miles per dollar or 2.5% cashback) on contactless transactions in eligible categories. From 15th July 2024, contactless transactions will only earn 1 reward point per dollar spent which is a mere 0.4 miles per dollar or 0.25% cashback. This effectively makes the card useful only for online expenses. Even then, HSBC Revolution’s rewards mechanic gives its 10X points earn rate on...
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By Sethisfy
As an adult, I’ve been through many ups and downs in my career path and personal finance journey, not unlike many Singaporeans. From my years as a tied insurance agent turned independent financial adviser, I realised that there are very few sources of proper, unbiased financial advice for working adults to access. Worse, self-styled “financial consultants” are selling products like savings plans and ILPs to the detriment of the clients whose interests they were supposed to serve.
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