Singapore’s electric vehicle (EV) scene is growing rapidly, and with it, so are the ways to make charging smarter, more convenient, and, most importantly, more rewarding. If you’re an EV owner, whether new to the world of electric driving or a seasoned SP Mobility (SPM) user, there’s an exciting promotion you don’t want to miss. SP Mobility, Singapore’s leading EV charging network, has teamed up with HSBC to offer a compelling cashback programme that could make your next charging session far more affordable.
For those who are new to SP Mobility, the deal is especially enticing. When a first-time user charges an EV using the SP App and pays with an HSBC Credit Card, they can enjoy a 50% cashback on their very first transaction. Cashback isn’t just a vague promise here—it comes in the form of SPM’s ChargeUP reward points, which can directly offset your next EV charging bill. To put it into perspective, for every S$1 spent (excluding GST), users earn points equivalent to S$0.01 each. A simple example demonstrates the value: if you spend S$20 on charging, the standard ChargeUP rewards would give 20 points. But the HSBC new joiner bonus adds a massive 1,000 points on top, along with the regular 1% HSBC bonus points. That brings the total to 1,040 points, which is equivalent to S$10.40 in cashback.
It’s worth noting, however, that this generous 50% cashback is capped at 1,000 points (S$10) and is limited to the first 800 redemptions. This makes it a first-come, first-served deal, so early adoption is crucial if you’re looking to maximise your savings. Payments must be made with an HSBC Credit Card via the SP App to qualify.
For existing SP Mobility users, the benefits continue beyond first-time bonuses. From 1 November 2025 to 31 December 2026, current users can earn an additional 1% cashback for every dollar spent (excluding GST) on EV charging via the SP App using their HSBC Credit Card. The extra points earned are uncapped, meaning there’s no limit to the rewards a loyal user can collect.
The amount of cashback existing users receive depends on their tier within the SPM ChargeUP Rewards Programme. The programme is structured across three tiers: Green, Silver, and Gold, each with a different base earn rate. Green tier users earn 1 point per dollar spent, Silver tier 5 points, and Gold tier 7 points. When combined with the HSBC bonus, these rates increase by an extra point per dollar. In practical terms, Green tier users get 2% cashback, Silver tier 6%, and Gold tier 8%. This tiered approach rewards both consistent usage and higher engagement, making it worthwhile to monitor your points and see how you can climb tiers for better rewards.
One of the most compelling aspects of these offers is how they encourage the wider adoption of electric vehicles while delivering tangible financial benefits to users. Charging an EV can sometimes feel like a regular expense that adds up over time, particularly for those who drive frequently. But with SP Mobility and HSBC’s combined rewards, each charging session becomes a small opportunity to save, creating a more budget-friendly approach to owning and operating an EV.
It’s also important to mention the convenience factor. The SP App is central to this promotion, providing a seamless way to locate charging stations, initiate payments, and track rewards. New users can set up their account, link their HSBC Credit Card, and immediately benefit from the 50% cashback on their first transaction. For existing users, ongoing earnings are automatically calculated and credited, reducing the friction of manual tracking and ensuring that rewards accumulate effortlessly.
Even if you’re not currently holding an HSBC Credit Card, the promotion doesn’t leave you out. There’s an added incentive for those who apply: new applicants can receive up to S$300 worth of EV charging credits. This not only offsets the cost of future charging but also acts as a substantial welcome gift that makes getting started with EV driving more appealing. Details for application and eligibility can be found directly on HSBC’s website, ensuring transparency and easy access to the promotion.
Why should EV owners make this a priority? Beyond the obvious savings, this promotion is a chance to experience the convenience and reliability of SP Mobility’s charging network. The cashback rewards make charging more than just a necessity—they transform it into a rewarding experience. For new EV owners, it’s a gentle nudge towards understanding the ecosystem of electric mobility in Singapore, while existing users benefit from continued rewards that reinforce loyalty and frequent usage.
Moreover, with Singapore’s growing emphasis on sustainability and reducing carbon emissions, participating in this promotion supports wider environmental goals. By using SP Mobility stations, EV owners are actively contributing to the nation’s shift towards cleaner energy, and with HSBC’s cashback incentives, they’re doing so without breaking the bank.
Planning your next charging session is straightforward: simply check your nearest SP Mobility station via the app, ensure your HSBC Credit Card is linked, and proceed with charging. Your reward points will accumulate automatically according to your tier and spending. For first-time users, the additional 50% cashback will immediately appear as ChargeUP points, ready to offset your next bill. For existing users, the additional 1% bonus points ensure that frequent charging sessions yield consistent savings.
Timing is key, too. The first-time 50% cashback promotion is valid until 31 March 2026, but as noted, only the first 800 redemptions are eligible, so acting sooner rather than later is essential. Meanwhile, the ongoing 1% additional cashback for existing users, as well as the S$300 EV credit for new HSBC Credit Cardholders, run until 31 December 2026, offering ample opportunity to take advantage of the programme throughout the year.
In short, this promotion brings together convenience, savings, and sustainability, making it a must-try for Singapore’s EV community. It’s not just a financial incentive—it’s an invitation to embrace smarter, greener driving habits while enjoying tangible rewards for every kilometre driven. Whether you’re a new EV owner curious to explore SP Mobility for the first time or a loyal user looking to maximise cashback, there’s plenty of reason to participate in this rewarding promotion.
For those who are still on the fence, consider the combination of immediate financial relief, long-term savings potential, and environmental benefits. The SP Mobility and HSBC partnership exemplifies how strategic rewards can transform everyday activities—like charging an EV—into opportunities for meaningful value. From offsetting costs on your first charge to continuously earning bonus points on subsequent transactions, this promotion makes each visit to an SP Mobility charging station a smarter and more rewarding experience.
With Singapore continuing to expand its EV infrastructure and more drivers making the switch to electric, the timing couldn’t be better to take advantage of this offer. Whether it’s for daily commutes, weekend road trips, or simply exploring the city in an eco-friendly way, SP Mobility’s network, combined with HSBC’s generous rewards, ensures that EV ownership is increasingly accessible, enjoyable, and financially sensible.
Promotional/Event Details:
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Date: Now till 31 December 2026
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Time: All day
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Venue: SP Mobility EV charging stations (payment must be made via SP App using HSBC Credit Card)
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