HSBC Revises Air Miles Redemption Rates For Platinum And Signature Credit Cards

The HSBC air miles revision will affect Platinum and Signature rewards points redemptions for three frequent flyer programmes.

 

HSBC Revises Air Miles Redemption Rates For Platinum And Signature Credit Cards

HSBC has announced a revision to the redemption rates for air miles under its Rewards Points programme for its Platinum and Signature credit cards. The revision will affect redemptions for three frequent flyer programmes: Enrich (Malaysia Airlines), KrisFlyer (Singapore Airlines), and Asia Miles (Cathay Pacific).

Based on the HSBC website, the cards that should be included in this revision are the HSBC Advance Visa Platinum, HSBC Platinum (Mastercard & Visa), and the HSBC Visa Signature. Depending on the frequent flyer programme, the new redemption rate will increase between 66% to 71%. The table below shows the comparison of the old and new redemption rates:


Card Type

Air Miles

Current Redemption Rate

New Redemption Rate
HSBC PlatinumHSBC Visa Signature 1,000 Enrich Miles 10,500 Rewards Points 18,000 Rewards Points
1,000 KrisFlyer Miles 15,000 Rewards Points 25,000 Rewards Points
1,000 Asia Miles 15,000 Rewards Points 25,000 Rewards Points

The new redemption rates will be effective from 16 August 2019. To redeem air miles, cardholders can visit the HSBC Rewards page.

(Source: HSBC)

 

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