Clocked a bunch of HSBC Rewards Points with your HSBC Revolution and not sure how best to use them? Let’s look at the different options available and my take on the value you can get with each redemption.
Plant A Tree
HSBC ties up with One Tree Planted and you can redeem your HSBC Points to plant trees. It costs 600 HSBC Rewards Points to plant a single tree. The cost of doing the same is US$1 per tree on One Tree Planted’s website, so you are getting about 0.22¢ of value per point in SGD.
My take: Contributing to a good cause is great, but you can just use the points elsewhere, and donate to the cause (or any other charity you like) through other means.
Pay with Points
HSBC Rewards Points can also be exchanged for cash rebates at a ratio of 400 points for every S$1. There is a minimum of 4,000 points per transaction,...