HSBC Advance Credit Card
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3.9
25 reviews
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This product has not been claimed by the company yet.
Summary
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 Offer:
- Dyson WashG1™ wet floor cleaner (worth S$999) (Top up S$100); or
- Dyson Airstrait™ straightener (worth S$799) (Top up S$80); or
- Dyson Digital Slim Submarine™ (worth S$699) (Top up S$50); or
- Dyson Airwrap™ Origin multi-styler and dryer (worth S$549); or
- Apple iPad 11-inch (A16) WiFi 128GB (worth S$499); or
- S$390 Cash via PayNow
- SingSaver Exclusive Offer promotion is valid until 6 July 2025.
- Promotion is valid for new HSBC credit cardmembers only.
- Apply and get approved for select HSBC credit cards, 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 SingSaver Exclusive Offer reward.
- Promotion does not stack with other welcome offers from HSBC.
- Terms and Conditions apply.
Product Page Transparency
- 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
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Summary
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 Offer:
- Dyson WashG1™ wet floor cleaner (worth S$999) (Top up S$100); or
- Dyson Airstrait™ straightener (worth S$799) (Top up S$80); or
- Dyson Digital Slim Submarine™ (worth S$699) (Top up S$50); or
- Dyson Airwrap™ Origin multi-styler and dryer (worth S$549); or
- Apple iPad 11-inch (A16) WiFi 128GB (worth S$499); or
- S$390 Cash via PayNow
- SingSaver Exclusive Offer promotion is valid until 6 July 2025.
- Promotion is valid for new HSBC credit cardmembers only.
- Apply and get approved for select HSBC credit cards, 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 SingSaver Exclusive Offer reward.
- Promotion does not stack with other welcome offers from HSBC.
- Terms and Conditions apply.
Product Page Transparency
- 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
Reviews (25)
3.9
25 Reviews
5
10
4
7
3
5
2
1
1
2
Service Rating
Speed of Approval
4.1
Ease of Fee Waiver
4.1
Customer Support
3.4
High to Low
06 May 2021
Purchased
HSBC Advance Card
highest cashback that i can find, with some additional hassle of maintaining the advance bank account.0
What are your thoughts?27 Dec 2020
Purchased
HSBC Advance Card
[Useful For...] erratic spenders! personally, some months I can spend $100 while other months up to $800. This card works for me as it is fuss free - I do not have to track my spending by category and can gain cashback across most spending.2
What are your thoughts?View 1 other commentsReply
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26 Aug 2020
Purchased
HSBC Advance Card
I have tried few credit cards (cashback/miles) from other banks but at the end I still prefer to use this card for most of my transactions. I am using the HSBC Advance account hence the cashback of 2.5% is pretty decent (cap at S$125 per month) with no minimum spend (additional 1% if the spend is over S$2k). [Fee Waivers] There is perpetual annual fee waiver for HSBC Advance banking customers. I am amazed that they auto-waived the fee without having to make the phone call. [Customer Service] I was able to connect with their agents fairly quickly as compared to other banks via phone call. They were helpful and able to answer my queries. [Promotions and Perks] You can download ENTERTAINER with HSBC app to get some 1-for-1 deals and discounts. [Card Hacks] So far I am getting cashback from Grab topup (Update: No more cashback from Grab topup after 15 Jul 2020). [Others] Samsung Pay does not support HSBC credit cards for now.0
What are your thoughts?08 Jul 2020
Purchased
HSBC Advance Card
Application was smooth and fast. Received free luggage as well! and monthly cash back of 1-2%. One of the better few:)0
What are your thoughts?08 Jul 2020
Purchased
HSBC Advance Card
I simply love the high cash back. For big purchases, using this card allows me to earn some rebates. So far I am satisfied with its billing, customer service. Just hoping for more promotions to come.0
What are your thoughts?27 Jun 2020
Purchased
HSBC Advance Card
This is a no-brainer for Premier / Advance customers as it can score as high as 3.5% rebate on general spending not covered by other cards. With perpetual fee waiver, this is a card that stays in my wallet.0
What are your thoughts?21 Jun 2020
Purchased
HSBC Advance Card
Have been a HSBC Advance account and credit card customer since Aug 2018. SGD 30K is all you need to be a HSBC Advance customer. It can be SGD 30K on FD promo rate too. 2.5% cashback (3.5% cashback for above SGD 2k spending a mth) is really a good cashback rate for people who are conservative (likes Fixed Deposits/Pure Savings) and hardly spend (no minimum spending required to earn cashback and $125/mth cap on cashback).0
What are your thoughts?08 Jun 2020
Purchased
HSBC Advance Card
1.5% is pretty much market rate now. Havent try calling them for any service. If you want a card that is rebate on the same bank statement, AMEX is the way to go. Havent been disappointed with them since Day 1 (~ 11 years with them).0
What are your thoughts?Posted 19 Sep 2019
It is a good cashback card at 2.5%, especially where you spend above $2,000. Otherwise, other cards will be a better alternative to this for smaller purchases.0
What are your thoughts?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
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Hi!! the first year annual fee is waived for this card so might only be able to give you a confirmed answer in 2022 :p sorry about that!!!