Convert your RewardCash into Octopus Reward$

The Octopus Rewards Conversion Scheme allows you to convert your RewardCash, into everyday use in the form of Octopus Reward$. Octopus Reward$ can be used on shopping and dining, offering you even more choices and greater flexibility.


  • For every $20 RewardCash you convert, you will receive Octopus Reward$20 – equivalent to HKD20 which you can use for payment of goods or services at Octopus Rewards merchants

About the Octopus Rewards Programme

The Octopus Rewards Programme is managed and operated by Octopus Rewards Ltd to provide added benefits and offers to your everyday life.

When you register, you earn Octopus Reward$ with any purchase made at the participating merchants, including supermarkets, personal care stores, cinemas and restaurants.

Every Octopus Reward$1 accumulated can be used as HKD1 at participating merchants.

Visit the Octopus Reward$ website for a full list of partners and more details of the scheme.

How the Octopus Rewards Conversion Scheme works

1) Enrol now

First, register your Octopus card with the Octopus Rewards Programme. You can register your card online at the Octopus Reward$ website.

When you have registered your card, enrol in the HSBC Octopus Rewards Conversion Scheme to convert your future RewardCash into Octopus Reward$. Simply complete the online form and provide us with your Octopus card number1 registered with Octopus Reward$.

1Please provide only one Octopus card number for the Octopus Rewards Conversion Scheme registration. All subsequent Octopus Reward$ converted will be credited into such Octopus card account.

2) Convert your RewardCash into Octopus Reward$

Every $20 RewardCash can be converted into Octopus Reward$20, equivalent to HKD20 which you can use for payment of goods or services at Octopus Reward$ merchants redemption. You can convert your RewardCash into Octopus Reward$ online, or you may download the RewardCash Transfer Form, complete and return it to the HSBC Card Centre by mail.

3) Download Octopus Reward$ to your Octopus card

Your RewardCash will be converted into Octopus Reward$ within two weeks of your request. Collect your Octopus Reward$ at any one of 200 Octopus Reward$ Service Spots set up at designated Octopus Rewards partnered merchants2 and enjoy the rewards on your next shopping trip.

For details, please visit the Octopus Rewards Programme website.

2Octopus Reward$ must be collected within 90 days after the RewardCash conversion request has been processed, failing which the Octopus Reward$ converted will be forfeited. For details, please refer to the Terms and Conditions of the Octopus Rewards Conversion Scheme.

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