HSBC Advance Credit Card

The HSBC Advance Credit Card is a cashback credit card designed to help maximise your spending with up to 3.5% cashback. With cashback in categories from shopping, dining, travel, home and many more, you’ll always be able to save more on your purchases, allowing for generous savings of over S$4,000 annually.

SingSaver Exclusive Promotion: Get S$50 eCapitaVoucher on top of welcome offers

• SingSaver Exclusive promotion is valid until 2:59 PM SGT, 15 November, 2024.
• Promotion is valid for new HSBC credit cardmembers only.
• Apply for the HSBC Advance Credit Card, provide your marketing consent to HSBC, and make a min. spend of S$500 by the end of the following month from card approval date to be eligible for reward.
• Promotion is stackable with other welcome offers from HSBC (additional T&Cs apply): Receive a Samsonite Zeltus Spinner 69/25 Exp Scale or S$200 cashback
• Terms and Conditions apply.

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• Pays to access additional features

Card Features & Details

1) Key Features

• Up to 3.5% cashback
• Over S$4,000 cashback annually
• 1,000+ dining deals worldwide with ENTERTAINER with HSBC app
• Complimentary online purchase coverage
• Complimentary travel insurance coverage

2) Benefits

Cashback

• 1.5% base cashback with no minimum spend
• 2.5% with S$2,000 minimum spend
• Additional 1% with HSBC Everyday+ Rewards Programme, up to S$300 per calendar month (S$500 for HSBC Premier customers)

HSBC Promotions & Privileges

• Exclusive deals and offers for: 
• Online and in-store shopping
• Hotels, flights and packages
• Dining, with 1-for-1 offers using the ENTERTAINER with HSBC app
• Complimentary coverage on:
• Online purchases for losses or damages
• Complimentary travel insurance coverage

3) Eligibility

• Age: 21 years old and above
• Citizenship: Singaporeans, PRs and Foreigners
• Minimum annual income:
• S$30,000 for Singaporeans/PRs
• S$40,000 for Foreigners
• Or a fixed deposit collateral of S$10,000

4) Fees & Charges

• Annual principal fee: S$196.20 (first year waived) (inclusive of GST) 
• Supplementary card annual fee: Free for life
• Late payment fees: S$100
• Repayment grace period: Depends on monthly credit card statement
• Your minimum payment amount will be calculated as:
• 100% of the monthly instalment amount for each of your cash instalment plans and spend instalment plans, if you have any;
• Plus: 100% of any interest, late fees, annual credit card fees and overlimit fees charged to your account
• Plus: 1% of your remaining outstanding balance (i.e. your total outstanding balance less the amounts set out under the previous two bullet points)
• Plus: the excess amount above your credit limit, if your account is overlimit, or SGD50, whichever is greater.
• *The total amount under the 2nd and 3rd plus is subject to a minimum of $50 (in the currency of your account).
• However, if your total outstanding balance is less than $50 (in the currency of your account), your minimum payment amount will be your total outstanding balance.
• Cash advance charges: S$15 or 6% of the amount drawn, whichever is higher.
• Overlimit fee: S$40, if the total outstanding balance (including unbilled balance) of all credit card(s) exceeds customer’s combined credit limit on any day within the statement period. 

Frequently Asked Questions

Can you enjoy annual fee waiver for the HSBC Advance Credit Card?

• Yes, the annual fee for the HSBC Advance Credit Card of S$196.20 (inclusive of GST) is waived for the first year

Who should apply for the HSBC Advance Credit Card?

• For heavier spenders who enjoy having no-frills, direct cashback on their purchases

What is the minimum income requirement for the HSBC Advance Credit Card?

• Minimum annual income:
• S$30,000 for Singaporeans/PRs
• S$40,000 for self-employed or commission-based Singaporean or Permanent Resident
• S$40,000 for Foreigners
• Or a fixed deposit collateral of S$10,000