Hunting for a travel credit card that’s popular among frequent flyers in Singapore?
Launched in 2023, the HSBC TravelOne Card offers instant miles redemption, competitive earn rates, airport lounge access, and travel insurance – all managed via the HSBC Singapore mobile app.
While the HSBC TravelOne card earns miles on foreign spending, travellers looking for a truly cost-effective travel card often turn to multi-currency cards like YouTrip.
Whether you’re planning your next vacation or looking to maximise your everyday spending, this comprehensive review will help you determine if the HSBC TravelOne card deserves a spot in your wallet.
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⚡ TL;DR Table: HSBC TravelOne Card Overview
| Feature | Details |
|---|---|
| Annual Fee | S$196.20 (incl. GST) |
| First Year Fee | May be waived |
| Annual Fee Waiver (Subsequent Years) | S$25,000 annual spend |
| Local Earn Rate | 1.2 mpd (3 Reward Points per S$1) |
| Overseas Earn Rate | 2.4 mpd (6 Reward Points per S$1) |
| KrisFlyer Earn Rate | 1.0 mpd local / 2.0 mpd overseas |
| Miles Expiry | 36-37 months |
| Lounge Access | 4 visits/year |
| Lounge Network | Mastercard Travel Pass (DragonPass) |
| Travel Insurance | Up to S$150,000 overseas medical expenses |
| Transfer Partners | 20+ airlines & hotel chains |
| Minimum Income | S$30,000–S$65,000/year depending on nationality & banking relationship |
| Redemption Fee | Currently waived |
📚 Table of Contents:
- What is the HSBC TravelOne Card?
- Key Features
- HSBC TravelOne Card Annual Fee
- Miles Earning & Transfer Partners
- Using the HSBC TravelOne Card for Overseas Spending
- Airport Lounge Access
- Travel Insurance
- Eligibility Requirements
- HSBC TravelOne vs DBS Altitude Visa
- HSBC TravelOne Pros & Cons
- Verdict: Is the HSBC TravelOne Card Worth It?
- FAQs
What is the HSBC TravelOne Card?
Image credits: MoneySmart
The HSBC TravelOne is a Mastercard aimed at travellers who want instant miles transfers. Points can be converted to airline or hotel loyalty programs almost instantly through the HSBC Singapore app.
Key Features:
- Instant miles transfers to 20+ travel partners
- Unlimited miles accumulation with no min. spend
- Complimentary MasterCard Travel Pass for airport lounges
- Travel insurance coverage when flights are charged to the card
HSBC TravelOne Card Annual Fee
- Principal Card: S$196.20/year
- Supplementary Card: S$98.10/year
- Late Payment Fee: S$100
- Annual Interest Rate: 27.8% p.a.
Bonus Miles: 10,000 miles (~S$160-200 value) when paying the annual fee from the second year onwards.
🧠 Tip: If you don’t meet the waiver requirement, consider cancelling 2 months before the fee is due.
📖 Related guides: Best Singapore Credit Card For Overseas Spending (2025)
Miles Earning & Transfer Partners
Earn Rates:
| Spending | Reward Points | Miles per Dollar |
|---|---|---|
| Local | 3 Reward Points /S$1 | 1.2 mpd |
| Overseas | 6 Reward Points /S$1 | 2.4 mpd |
| KrisFlyer | – | 1.0 mpd / 2.0 mpd |
- Top Transfer Partners: Cathay Asia Miles, British Airways Avios, EVA Air, Vietnam Airlines
- Devalued Partner: Singapore Airlines KrisFlyer (Jan 2025): From 25,000 points: 10,000 miles -> 30,000 points: 10,000 miles
- Eligible Spending: Dining, groceries, online shopping, travel, transport, retail
- Excluded: Government, insurance, utilities, cash advances, fees
💡 Tip: Overseas spending earns more miles, but fees still apply. Pairing your HSBC TravelOne with a multi-currency card like YouTrip can help minimise foreign exchange fees and maximise your travel budget.
Miles Expiry
- Valid for 36-37 months
- No rollover or extensions
- Track via the HSBC Singapore app
💡Tip: Transfer points before expiry. After the first block of 10,000 miles, subsequent transfers can be as small as 2 miles.
📖 Related guides: HSBC Revolution Card Singapore 2025: Benefits, Fees, Rewards
Using the HSBC TravelOne Card For Overseas Spending
- Top earn rate: 2.4 mpd for best partners
- Foreign transaction fee: 3.25%
Comparison:
| Card | Overseas Earn Rate | FX Fee |
|---|---|---|
| HSBC TravelOne | 2.4 mpd | 3.25% |
| DBS Altitude | 2.2 mpd | Up to 3.25% |
| Citi PremierMiles | 2.0 mpd | 3.25% |
| YouTrip | – | Zero FX fees with real-time wholesale exchange rates |
💡Use YouTrip for daily overseas spending to skip conversion fees and enjoy competitive wholesale exchange rates, wherever you go!
📖 Related guides: UOB Mighty FX Review 2025: Rates, Fees & Benefits
Airport Lounge Access
- Primary cardholders: 4 visits/year (up to 8 in first year)
- Network: DragonPass (1,300+ lounges worldwide)
- Guest Policy: Can bring guests using allocated visits
🤔 DragonPass vs Priority Pass: DragonPass covers major hubs like Singapore Changi; Priority Pass is slightly more global.
📖 Related guides: YouTrip vs Credit Cards: Which Is Better for Overseas Spending?
Travel Insurance
- Coverage: Up to S$150,000 medical expenses, S$1M evacuation, S$75,000 accidental death
- Eligible Payments: Flights, taxes, accommodation, car rentals (from Sep 2025)
- Provider: MSIG Insurance (Singapore)
📖 Related guide: UOB PRIVI Miles Card Guide 2025: Benefits, Fees & Rewards
Eligibility Requirements (Effective Since 1 Oct 2025)
🇸🇬 Singaporeans/PR
- New applicants or existing HSBC customers with TRB < S$50,000: S$65,000 annual income
- Existing HSBC customers with TRB ≥ S$50,000:
- Salaried employees: S$30,000 annual income
- Self-employed or commission-based earners: S$40,000 annual income
🌍 Foreigners: S$65,000 annual income
💡 Don’t Meet Income Requirements?
If you don’t meet the minimum annual income requirement, you can still get the card by placing a S$10,000 fixed deposit with HSBC. This gets you a secured version with a credit limit equal to 100% of your deposit amount.
Other Requirements:
- Good to excellent credit score
- Age 21 and above
*Criteria subject to change — verify current requirements with HSBC.
📖 Related guide: DBS Woman’s World Card 2025: Miles, Features & Perks Explained
HSBC TravelOne Vs DBS Altitude Visa
| Feature | HSBC TravelOne | DBS Altitude Visa |
|---|---|---|
| Annual Fee | S$196.20 | S$196.20 |
| Local Earn Rate | 1.2 mpd / 1.0 mpd KrisFlyer | 1.3 mpd |
| Overseas Earn Rate | 2.4 mpd / 2.0 mpd KrisFlyer | 2.2 mpd |
| Points Expiry | 36-37 months | No expiry |
| Lounge Visits | 4/year | 2/year |
| Travel Insurance | Up to S$150,000 | None |
| Transfer Partners | 20+ | 10+ |
| Transfer Speed | Instant | 3–5 business days |
- HSBC TravelOne: Best for travellers who want miles-earning, lounge access & insurance.
- DBS Altitude Visa: Best for Singapore-based KrisFlyer loyalists or long-term points accumulators (points don’t expire).
📖 Related guide: DBS Multi-Currency Account (MCA) Guide 2025: Features, Exchange Rates, Fees
HSBC Revolution Card Pros & Cons
✅ Pros
- Instant miles transfers to 20+ travel partners
- Decent overseas earn rate (2.4 mpd with selected partners)
- Comes with lounge access and travel insurance
❌ Cons
- Foreign transaction fees apply to overseas spending
- Miles expire in ~3 years
- Annual fee waiver requires high yearly spend
✈️ For day-to-day overseas purchases, consider YouTrip for real exchange rates and zero FX fees.
📖 Related guide: OCBC Multi-Currency Account Guide: OCBC Global Savings Account (2025)
Verdict: Is The HSBC TravelOne Card Worth It?
ThYes, the HSBC TravelOne card is a solid choice for frequent flyers who want instant miles and lounge perks. But its overseas transactions come with 3.25% fees, which can stack up fast.
For those want to stretch every dollar overseas, a multi-currency card like YouTrip can be more cost-efficient.
YouTrip offers:
- Zero FX fees
- Competitive real-time exchange rates
- Support for 12 wallet currencies
This helps you avoid the foreign transaction fees entirely.
📚 Read next: Check out our guide to the best multi-currency cards for the biggest savings here
For Those Who Want to Stretch Every Dollar
Looking for a simpler, fee-free solution for overseas spending? YouTrip provides a modern, multi-currency alternative that eliminates FX fees, hidden markups, and annual fees — making it a practical choice for Singaporeans travelling abroad in 2025.
Not on YouTrip yet? Get a free YouTrip card + S$5 YouTrip credits with code <YTBLOG5>.
Then, head over to our YouTrip Perks page for exclusive offers and promotions — we promise you won’t regret it. Join our Telegram (@YouTripSG) and Community Group (@YouTripSquad) for travel tips, event invites, and more!
Bon voyage!
FAQs:
Q1. Is the HSBC TravelOne Card good for earning miles?
Yes. Earn 1.2 mpd locally and 2.4 mpd overseas, with instant transfers to 20+ airline/hotel partners. Great if you care about fast redemption flexibility.
Q2. Does the HSBC TravelOne Card charge foreign transaction fees?
Yes — a 3.25% fee applies on overseas spend. So you earn miles, but you’re also paying extra on every transaction abroad.
Q3. How does the lounge benefit work?
Primary cardholders get 4 DragonPass lounge visits/year. Guest entries count toward the same quota.
Q4. Do HSBC Rewards Points expire?
Yes — in ~36-37 months. If you collect miles slowly, you’ll need to track expiry.
Q5. Is the HSBC TravelOne card good for everyday overseas spending?
Not ideal — the FX fees add up. Many travellers use TravelOne for flights/big spend, then switch to YouTrip for daily payments overseas.
Q6. How does YouTrip compare for overseas payments?
YouTrip gives:
- Zero FX fees
- Competitive real-time rates
- Support for 12 wallet currencies
- No annual fee
Designed for travellers who want clean, transparent overseas spending without surprise fees.
Q7. Can I apply if I don’t meet the income requirement?
Yes — you can get a secured card by placing an S$10,000 FD with HSBC. Your credit limit matches the deposit.
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