Received this in my email today:
Asia Miles and HSBC are delighted to invite you to experience the Infinite world of preferential treatment with the HSBC Visa Infinite Card. Receive an exclusive welcome gift of 45,000 Asia Miles when you accept this invitation by 30 November 2013+.
Be part of an elite circle of distinguished HSBC Visa Infinite cardholders at a programme fee of SGD488 per annum, you will receive 45,000 Asia Miles which is enough to redeem two round-trip Economy Class award tickets between Singapore and Bali or one round-trip Economy Class award ticket between Singapore and Tokyo.
Designed to perfectly complement your discerning lifestyle, the HSBC Visa Infinite card sets a new standard as the ultimate companion for those who care to travel well.
Hmmm...S$488+S$40 (annual programme fee for AM) for 45k miles. Worth it I suppose (just for the 45k miles)