HSBC Advance Card

HSBC Advance Card

4.1
(7)
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Ratings Breakdown (7)

4.1
  • 5
    2
  • 4
    4
  • 3
    1
  • 2
    0
  • 1
    0
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)
More about HSBC Advance Card
Reviews (7)
Q&A (1)
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  • Chen Yong Ng
    Chen Yong Ng
    Level 2. Rookie
    Reviewed 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.
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  • YY Yin Yu
    YY Yin Yu
    Level 3. Wonderkid
    Reviewed 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.
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  • Shu Hui
    Shu Hui
    Level 2. Rookie
    Reviewed on 30 May 2018
    I use this for big purchases, you get more cash rebate using HSBC Adv Card vs SCB Unlimited Cashback.
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  • Seline Tan
    Seline Tan
    Level 2. Rookie
    Reviewed 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!
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  • Jeffrey Peh
    Jeffrey Peh
    Level 2. Rookie
    Reviewed 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.
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  • Changzhong Zhuang
    Changzhong Zhuang
    Level 3. Wonderkid
    Reviewed on 28 May 2018
    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 (;
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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.