HSBC TravelOne Card 2026: Guide to Fees, Miles & Benefits

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

Table of Contents:

1. What is the HSBC TravelOne Card?
2. Key Features
3. HSBC TravelOne Card Annual Fee
4. Miles Earning & Transfer Partners
5. Using the HSBC TravelOne Card for Overseas Spending
6. Airport Lounge Access
7. Travel Insurance
8. Eligibility Requirements
9. HSBC TravelOne vs DBS Altitude Visa
10. HSBC TravelOne Pros & Cons
11. Verdict: Is the HSBC TravelOne Card Worth It?
12. 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: Free
• Late Payment Fee: S$100 
• Annual Interest Rate: 27.8% p.a. 

Tip: If you don’t meet the waiver requirement, consider cancelling 2 months before the fee is due.

HSBC TravelOne Card Welcome Bonus

New HSBC cardholders — Up to 36,000 miles (90,000 points):

• Spend S$500 to receive up to 26,200 miles (65,500 points)
• Spend another S$500 to receive up to 9,800 miles (24,500 points)

Existing HSBC cardholders — Up to 24,000 miles (60,000 points):

• Spend S$500 to receive up to 14,200 miles (35,500 points)
• Spend another S$500 to receive up to 9,800 miles (24,500 points)

All applicants must provide marketing consent and pay the annual fee of S$196.20 (incl. GST) to be eligible. T&Cs apply.

Related guides: Best Singapore Credit Card For Overseas Spending

Miles Earning & Transfer Partners

Earn Rates:

• 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: 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:

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: Rates, Fees & Benefits

Airport Lounge Access

• Primary cardholders: 4 complimentary visits/year
• Network: DragonPass (1,300+ lounges worldwide)
• Guest Policy: Primary cardholders can use their 4 visits for themselves or guests.
  • Supplementary cardholders are not entitled to complimentary visits — they’re charged 32 USD/visit unless accompanied by the primary cardholder.

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: Benefits, Fees & Rewards

Eligibility Requirements (Effective Since 1 Oct 2025)

Singaporeans/PR

• Base requirement: S$65,000 annual income
• With TRB ≥ S$50,000 at HSBC:
  • Salaried employees: S$30,000 annual income
  • Self-employed or commission-based: S$40,000 annual income

Foreigners: S$65,000 annual income 

Note: The reduced income tiers for TRB ≥ S$50,000 apply to Singaporeans and PRs only — foreigners are always subject to the S$65,000 requirement.)

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: Miles, Features & Perks Explained

HSBC TravelOne Vs DBS Altitude Visa

• 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: Features, Exchange Rates, Fees

HSBC TravelOne 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

Verdict: Is The HSBC TravelOne Card Worth It?

Yes, 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

FAQs:

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.

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!

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