Amex and SCB are often touted as good cards without minimum spend. But isn't HSBC Advance also a 1.5% no min spend card? So is Citi SMRT Card; just that the applicable cashback rate is reduced by 0.3%? - Seedly
 

HSBC Advance Card

Citibank SMRT EZ-LINK Card

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Asked by Anonymous

Asked on 15 May 2018

Amex and SCB are often touted as good cards without minimum spend. But isn't HSBC Advance also a 1.5% no min spend card? So is Citi SMRT Card; just that the applicable cashback rate is reduced by 0.3%?

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Gabriel Tham
Gabriel Tham
Level 8. Wizard
Updated on 07 Jun 2019

HSBC advance card is not an unlimited cashback card. They have a cap on the cashback per month, even for advance banking clients.

Plus, if you are not an advance banking client, you would not get subsequent card fee waiver if you do not spend at least $12k a year.

Citi SMRT card is also good but its not actual cashback as in real cash credited to your account. The rebate comes in the form of SMRT$ which is a rewards program.

Some people prefer to get actual cashback credit rather than collecting rewards points.

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Benuel Ganesan
Benuel Ganesan

on 30 Aug 2018

Just to clarify that the Citi SMRT card does provide a cash rebate option in multiples of $5 or $10 that needs to be activated via SMS.
Alex Trüng Huỳnh
Alex Trüng Huỳnh, Consulting at Financial Services
Level 1. Freshie
Answered on 24 Jan 2019

Cash Back is capped at S$70 per calendar month. For HSBC Advance banking customers, Cash Back is capped at S$125 per calendar month.

Assume if you are Advance customer, you need to spend c. S$3600 for S$125 cash back monthly. With this spending, with Amex or StanChart you get like S$54 at 1.5% rate.

Get this one if you think it fits your monthly spending bill.

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