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...