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HSBC Advance Credit Card
HSBC Advance Credit Card
- 1.5%
- Base Cashback
- 2.5%
- Cashback when you spend more than S$2,000
- S$70
- Cashback Cap per month
[Unlock Exclusive Rewards with HSBC]
Stand a chance to win the LATEST MacBook Pro M4 14” (S$2,199), Apple iPad Pro 11" 256GB (S$1,499) or Apple Watch Ultra 2 (S$1,199) when you fulfill the campaign requirements. T&Cs apply.
Be the first 30 successful applicants to apply and receive an Apple Watch SE (worth S$382.50). T&Cs apply.
PLUS, apply now and get a 1 + 1 Samsonite Luggage (worth S$1,000) or S$200 cashback from HSBC. T&Cs apply.
Additionally, enrol in our Rollin’ Rewards campaign today and stand a chance to score an additional 7,460 SmartPoints.
Are you eligible?
Promotion is valid from 12-November-2024 to 30-November-2024
MoneySmart Exclusive gift is applicable for New-to-HSBC cardholders only
Customers need to apply through MoneySmart to be eligible
Applicants need to provide HSBC their consent to receive marketing and promotional materials from HSBC at the time of submitting their application
Spend a min. of S$1,000 in Qualifying Transactions from Card Account Opening Date to the end of the following calendar month.
Log into your MoneySmart account and submit your claim by 30th December 2024
What you need to know
[Lucky Draw]
Stand a chance to score the following prizes:
• Apple MacBook Pro 14-inch M4 chip (worth S$2,199)
• Apple iPad Pro 11-inch, 256GB (worth S$1,499)
• Apple Watch Ultra 2, 49mm (worth S$1,199)[Giveaway]
Be the first 30 successful applicants submit the MoneySmart claim form and receive an Apple Watch SE (worth S$382.50).[HSBC Promotion]
New Cardholders can get:
(a) 1+1 Samsonite luggage (worth S$1,000). T&Cs apply.
b) OR S$200 cashback when you meet the spend criteria. T&Cs apply.[Rollin’ Rewards] Enrol in our Rollin’ Rewards campaign by completing a simple 3-min questionnaire.
[Rollin’ Rewards] This earns you 1 token in the draw, to score amazing prizes each month.
[Rollin’ Rewards] Earn 5 more tokens, when your claim form for the HSBC Live+/Advance/Revolution Card is successfully approved.
[Rollin’ Rewards] Did not win this month? Your chances of winning will be accumulated into next month’s campaign. T&Cs apply.
MoneySmart exclusive rewards do not stack with external or third party promotions unless otherwise stated. See T&Cs for details.
*Instantly Activate Your Virtual Card for Google Pay and Apple Pay Shopping! T&Cs apply.
All Details
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HSBC Advance Credit Card Benefits 2024
The HSBC Advance Credit Card stands out for its annual cashback potential of up to SGD4,000, and it is just one of HSBC's array of cashback credit cards. It extends cashback incentives across diverse spending categories, including dining, groceries, and recurring bills. Besides that, it offers supplementary advantages tailored for HSBC Advance banking clientele.
If you’re contemplating on getting the HSBC Advance Credit Card, let's delve into its prerequisites, advantages, drawbacks, and more, before you make a decision.
Pros & Cons Of HSBC Advance Credit Card
Pros
- Interest rate of 26.90%, which is lower than some cashback credit cards (as per MoneySmart's Credit Cards comparison tool
- 3 tiers to unlock up to 3.5% cashback on all local and overseas spend (range from 1.5% to 3.5% depending on spending category, minimum spend amount and if you’re a HSBC Everyday+ Customer.
- Annual fee waiver available (for first year only)
- Access to 1-for- dining, lifestyle and travel promotions via HSBC ENTERTAINER
- Discounts including 16% off Agoda bookings, 8% off Hotels.com bookings, 9% off Expedia hotel bookings, and more
- Complimentary travel insurance coverage against flight inconvenience and personal accident of up to S$1 million
Cons
- The base cashback is capped at S$70 per month
- Charges annual fee after the first year, unlike other cashback credit cards like CIMB Visa Signature Card and Standard Chartered Smart Credit Card which offer the benefit of no annual fee charges for life
- Lacks cashback benefits for expenditure on petrol unlike other cards like Citi Cash Back Card and OCBC 365 Credit Card
Find Out More About The HSBC Advance Credit Card In Our Blog Review!
Compare HSBC Advance Card vs. SCB Simply Cash Credit Card vs. Citi Cash Back + Card
At the moment, the HSBC Advance Card offers the lowest minimum interest rate chargeable as compared to the Citi Cash Back + Card and Standard Chartered Simply Cash Card.
In terms of annual fee, all of the three cards charge the same rate. However, when it comes to cashback benefits, the HSBC Advance Card provides the best variety and better cashback rates than the other two cards, with its maximum tier offering 2 times more the cashback value than the Citi Cash Back + Card and Standard Chartered Simply Cash Card.
There's even a perpetual annual fee waiver for HSBC Advance Card holders who are also HSBC Everyday+ customers. Considering these factors, the HSBC Advance Card could be apt for you as long as you can hit a minimum of $2,000 in your spending every month and if you’re after its cashback benefits and discounts for spending on travel and lifestyle categories.
Interest rate: From 26.90%
Annual fee:$196.20 for Year 1 (first year waiver available)
Minimum annual income:
Cashback benefits:
Interest rate: From 27.90%
Annual fee:$196.20 for Year 1 (first year waiver available)
Minimum annual income:
Cashback benefits:
Interest rate: From 27.90%
Annual fee:$196.20 for Year 1 (first year waiver available)
Minimum annual income:
Cashback benefits:
Find Out How To Maximise Your Cashback Credit Card
HSBC Advance Credit Card Application
Here are 3 simple steps to apply for the HSBC Advance Credit Card
Apply via MoneySmart’s credit cards page
You may begin your application by clicking on our HSBC Advance Credit Card application link. When you choose to apply online or through the HSBC mobile app and via SingPass MyInfo, HSBC will pull your identity and income data from SingPass (which is already verified), thus cutting short the processing time. The approval-in-principle page will appear within minutes of submitting your MyInfo.
Provide all documentation required
You’ll need to provide all the necessary documentation in order for HSBC to approve your credit card application. This list of documents include:
- NRIC or other identification details Latest computerised payslip
- Latest 12 months’ CPF Contribution History Statement
- Latest Income Tax Notice of Assessment (NOA)
Receive your HSBC Advance Credit Card
You’ll be able to activate your HSBC Advance Card instantly through the HSBC mobile app, and enter a One-Time Password (OTP) after keying in your 6-digit Online Banking PIN to secure all your credit card transactions. Thereafter, it’s ready for you to use on any of your purchases and you can track your cashback and other rewards with your HSBC mobile app!
Frequently Asked Questions About HSBC Advance Credit Card
Are there any fees if I apply for the HSBC Advance Credit Card?
- HSBC Advance credit card charges an initial annual fee of $196.20 (with waiver available for the first year), and other fees like supplementary card annual fee, late payment fee, minimum monthly payment, foreign currency transaction fee, cash advance transaction fee, overlimit fee.
Am I eligible for the HSBC Advance Credit Card?
- If you’re a Singapore Citizen, Permanent Resident (PR) or foreigner with a valid Singapore Employment Pass, you’re eligible to apply for the HSBC Advance Credit Card, as long as you’re aged 21 and above, and earn a minimum annual income of $30,000-$40,000 (for Singaporeans and PRs) or $40,000 (for foreigners).