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HSBC Premier Mastercard

Miles card by HSBC · Easy · No minimum spend

Earns 1.4 mpd on all spend in S$ and 2.3 mpd in a foreign currency. Annual fee: S$708.50.

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Earn rate1.4 mpdall spend in S$

Everything else1.4 mpdin S$

Foreign currency2.3 mpdbefore fees

Annual feeS$708.50

Checked against HSBC's own terms on 21 Oct 2026. See the documents

How you earn

Where	How you pay	You earn
Everything else, in S$	Any way of paying	1.4 mpd
Everything else, in a foreign currency	Any way of paying	2.3 mpd

The bank's full earning rules

4.2 Reward points per S$1 spent locally (1.4 KrisFlyer mpd).
6.9 Reward points per S$1 spent overseas (2.3 KrisFlyer mpd).
6.9 Reward points per S$1 on overseas education via HSBC Global Education.
Up to 18.75 Reward points per S$1 (6.25 KrisFlyer mpd) on Premier destination holidays booked through the HSBC Singapore app travel portal.
No cap or minimum spend is stated on the product page.

Where the bonus applies

Eligible purchases as defined in HSBC's Premier Mastercard eligible purchases document

Earns nothing on

MCC: 4829, 4900, 5199, 5960, 6010, 6011, 6012, 6050, 6051, 6211, 6300, 6513, 6529, 6530, 6532, 6533, 6534, 6536, 6537, 6538, 6540, 6555…
From 23 Jul 2026, overseas spend at the education MCCs (8211, 8220, 8241, 8244, 8249, 8299) earns 6.9 points per SGD1 on the Premier…
Voided, cancelled, disputed and reversed transactions; other categories HSBC may exclude

Fees and limits

Annual feeS$708.50 or US$545 incl. GST (effective 19 Aug 2025). Waived if you have a Premier relationship and a Total Relationship Balance of at least S$200,000. Up to 3 supplementary cards free for life.

Minimum incomeS$30,000 (Singaporean/PR salaried), S$40,000 (Singaporean/PR self-employed or commission-based) or S$65,000 (foreigners) if your Total Relationship Balance is S$50,000 or more; S$65,000 for everyone below that. You must be an HSBC Premier customer, aged 21+.

Overseas feeUp to 3.25% on foreign-currency transactions: 2.25% HSBC foreign currency transaction fee plus up to 1% charged by Visa/Mastercard; 1% dynamic currency conversion fee (HSBC Bank Tariffs, effective 19 Oct 2026).

Rewards expiryPoints expire at the end of a 37-month period that starts in the month after they are earned (HSBC Rewards Programme T&Cs, clause B7, effective 31 Mar 2025).

Turning rewards into miles or cashHSBC Reward points: 30,000 points = 10,000 KrisFlyer miles (3 points per mile). Cathay Asia Miles, British Airways and Etihad: 25,000 points = 10,000 miles. HSBC says airline/hotel redemptions are instant with no fees "until such a time as determined by HSBC". The points needed per mile are not in the Rewards T&Cs (they say only that the amounts are shown in the HSBC app), so this rate comes from HSBC's rewards page.

Good to know

Only for HSBC Premier customers: you need a Premier relationship before you can hold this card.

Uncapped as shown on HSBC's product page: 4.2 HSBC Reward points per S$1 locally (1.4 KrisFlyer mpd) and 6.9 points per S$1 overseas (2.3 KrisFlyer mpd). Rates use KrisFlyer's 3:1 ratio; partners at 2.5:1 (e.g. Cathay, British Airways, Etihad) give more miles per point.

Overseas education also earns 6.9 points per S$1 via HSBC Global Education; up to 18.75 points per S$1 on Premier destination holidays booked in the HSBC app travel portal. Not modelled.

Annual fee is waived only if you are Premier AND keep a Total Relationship Balance of S$200,000 or more.

Where these facts come from

HSBC Premier Mastercard Credit Card Terms and Conditionsno version date printed; file created 22 Jul 2026 and includes changes from 23 Jul 2026

HSBC Premier Mastercard product pageno date shown; annual fee change effective 19 Aug 2025

HSBC Rewards Programme T&Cs (clause B7 expiry, E6 redemption fee)effective 31 Mar 2025

HSBC Wealth and Personal Banking Bank Tariffs 2026 (credit cards table)effective 19 Oct 2026

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