HSBC Advance Card Reviews and Comparison - Seedly
HSBC Advance Card
4.1
7 reviews
Read more reviews of credit cards
Reviews (7)
4.1
Reviews (7)
4.1
  • 5
    2
  • 4
    4
  • 3
    1
  • 2
    0
  • 1
    0

Most Recent

  • Most Helpful
  • Most Recent
  • Low to High
  • High to Low
  • Updated on 16 Jun 2018
    Good cashback credit card for those who have high spending amount every month. I use it to pay my insurance premium as it gives cashback for insurance premium.
    0 comments
    1
  • Updated on 08 Jun 2018
    I only use this card when i know that i will spend >$2000 that month and these transaction doesn't earn > 2.5% cash back in other card category. Honestly speaking, i don't really like their internet banking layout. It doesn't seems very friendly to me. Therefore i always rely on the paper statement to make payment. My experience with their customer service officer isn't fantastic, they didn't get back to me on the queries i highlighted.
    0 comments
    0
  • Updated on 30 May 2018
    I use this for big purchases, you get more cash rebate using HSBC Adv Card vs SCB Unlimited Cashback.
    0 comments
    0
  • Updated on 30 May 2018
    I have this card too! There is a lot of rebates too which I can use to offset my next purchases. I signed up this card with Bankbazaar and even got $100 vouchers. There are a lot of promotions going on for this card!
    0 comments
    0
  • Updated on 28 May 2018
    This ranks pari passu to SCB unlimited card. However, i can only think of one differentiating factor that pulls you over to HSBC, the $5 entertainer benefit coupled with the 1.5% cashback.
    0 comments
    0
  • Yays 1. Effectively the same as the SCB unlimited cashback card for me, because it has No minimum spend! Great for those on a tight budget. 2. No sub categorization for rebates! Fuss free spending :D 3. Gv cards at a steal! I'm only ever free on weekends so $9.5 per tix with the hsbc movie card is as good as it gets for me. 4. There's potential-You can get up to 3.5% if you get an advance account and spend more than $2. Nay 1. I guess 1.5% is pretty low. But something is better than nothing (;
    0 comments
    0
  • Updated on 26 May 2018
    My card of choice. 1.5% cashback across all categories, able to buy discounted Golden Village Tickets and have access to HSBC 1 to 1 Dining deals. Until another credit card offers a greater than 1.5% cashback across all categories without a time frame, this is the card I am sticking to now. <Low spender hence not easy for me to clock $500 monthly expenditure on CC>
    0 comments
    0
Questions (2)

Recent Activity

  • Recent Activity
  • Unanswered
  • Trending

HSBC Advance Card

Credit Card

Ang Yee Gary
Ang Yee Gary, Medicine at National University Of Singapore

()

Level 3. Wonderkid
Answered on 24 Apr 2019
The best person to ask is the bank. "Eligible Purchases" means retail purchases made locally or overseas (including online transactions), and recurring bill payments. Cash Back will only be awarded to Eligible Purchases. The following transactions are not considered Eligible Purchases and thus will not earn Cash Back or be considered for computation of spend requirement: (a) cash advance; (b) balance transfers; (c) fees and charges (including finance charges, late charges, interest charges, annual fees); (d) tax payments via HSBC tax payment facility; (e) Installment Payment Plan; (f) transactions made on brokerage/securities; (g) transactions made on money payment/transfer websites; (h) transactions relating to money orders, traveller's checks, gaming; (i) AXS or ATM transactions; (j) any pre-paid card top-ups including but not limited to EZ-Link, Transitlink or NETS Flashpay and (k) donations/donations-in-kind (transactions tagged with MCC 8398 - charitable and social organizations) and (l) any other transaction determined by HSBC from time to time. In the case of HSBC's Balance Conversion Plan, only the total purchase amount will qualify as an Eligible Purchase in the month of purchase. The subsequent instalment amounts under the Balance Conversion Plan will not qualify as Eligible Purchases.

HSBC Advance Card

Citibank SMRT EZ-LINK Card

Credit Card

Gabriel Tham
Gabriel Tham
Top Contributor

Top Contributor (Aug)

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.
About HSBC Advance Card
Card NameHSBC Advance Card
Cashback Rate1.5% - 2.5%
Monthly Cashback CapNone
Monthly Min SpendNone
HighlightsFuss-free, Unlimited cashback (2% if you hit above $2,000)

Fees and Charges for HSBC Advance Card

  • Annual Principle Fee: $193
  • Annual Supplementary Card fee: Free
  • Fee waiver: Fee waivered for first year
  • Interest-Free Period: 20 days
  • Annual Interest Rate: 25.90%
  • Minimum monthly payment: 3% or $50, whichever is higher
  • Late payment charge: $55
  • Cash advance fee: 6% or $15
  • Overlimit fee: $40

Eligibility for HSBC Advance Card

  • At least 21 years of age
  • Singaporeans and PR; Minimum annual income of $30,000
  • Foreigners; Minimum annual income of $40,000
  • If minimum annual income requirements are not met, a minimum Fixed Deposit Collateral of $10,000 is required.

Key features of HSBC Advance Card

  • 3.5% Cash Back on all purchases
  • No minimum spend required
  • 1 year annual fee waiver, perpetually waived for HSBC Advance banking customers
  • 1.5% Cash Back with no minimum spend / 2.5% Cash Back on all purchases with $2,000 minimum spend per month, capped at $70 a month
  • 2.5% Cash Back with no minimum spend / 3.5% Cash Back on all purchase with $2,000 minimum spend per month, capped at $125 per month, only applicable to HSBC Advance banking customers.
  • Perpetual supplementary card annual fee waiver
  • Cash Back for recurring bill payments

 

Terms and conditions of HSBC Advance Card

  • Transactions not eligible for cash back include: cash advances, balance transfers, bank fees, tax payments via HSBC tax payment facility, instalment payment plans, brokerage fees and more. For the full list, please refer to the HSBC Advance Card’s T&Cs.

For more info, you can check out HSBC Advance Card’s page.