HSBC Visa Infinite Credit Card
HSBC Visa Infinite Credit Card
- S$1 = Up to 2.25 Miles
- Overseas Spending Rewards
- S$0
- Min. Spend per month
- 3.25%
- Foreign Transaction Fee
All Details
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HSBC Visa Infinite Credit Card Benefits 2024
HSBC Visa Infinite Credit Card is designed for frequent travellers and its exclusive perks including complimentary limousine transfers, priority to skip queues with expedited immigration clearance at key airports in Asia, lounge key with access to over 1,100 VIP airport lounges for primary and related supplementary cardholders, and more.
Moreover, the miles earned from frequent flyer partners and the integration with the HSBC mobile app, allows you as a HSBC Visa Infinite Credit Card to effortlessly redeem travel rewards and settle payments with great ease. Before you decide to sign up for the HSBC Visa Infinite Credit Card, let’s find out if this card is suitable for you as we consider the requirements, pros and cons and more.
Pros & Cons Of HSBC Visa Infinite Credit Card
Pros
- Up to 2.25 miles for every S$1 spent overseas
- No cap on miles/points earned
- Up to 1.25 miles for every S$1 spent locally
- Instant reward redemption with an extensive selection of airline and hotel partners via HSBC Singapore mobile app
- No redemption fee when you redeem for air miles or hotel points
- Exclusive access to HSBC ENTERTAINER with HSBC Singapore mobile app, enjoy over 1,000 worldwide 1-for-1 deals on dining, lifestyle and travel
- Complimentary green fees and worldwide golfers' insurance of up to S$500,000
- Complimentary travel insurance with coverage of up to S$2.75 million
- Unlimited airport lounge visits, complimentary limousine transfers, expedited immigration clearance and dedicated concierge service
- Interest rate of 26.90%, which is lower than some cashback credit cards in the market
Cons
- Higher minimum income requirement as compared to the others cards in the market
- No annual fee waiver
Compare HSBC Visa Infinite Credit Card vs. Citi PremierMiles Card vs. SCB Journey Credit Card
When compared with other credit cards like the Citi PremierMiles Card and Standard Chartered Journey Card which are good for earning air miles, the HSBC Visa Infinite Credit Card offers the lowest minimum interest rate chargeable (as of February 2024).
In terms of annual fee, the HSBC Visa Infinite Credit Card charges the highest fee among these 3 credit cards and you’ll definitely save more with the Standard Chartered Journey Card as you wouldn’t have to pay any annual fees for it.
As for air miles benefits, the Citi PremierMiles Card gives you up to 10 Citi Miles per S$1 spent on online travel bookings via Kaligo and Agoda, while the Standard Chartered Journey Card offers up to 3 miles for every S$1 spent on online transactions for transportation, grocery and food delivery, both higher than HSBC Visa Infinite Credit Card’s “2.25 miles for every S$1 spent overseas”.
However, one of the key aspects to note is the minimum income requirement for HSBC Visa Infinite Credit Card which is 4X more than the minimum income requirement to apply for a Citi PremierMiles Card or a Standard Chartered Journey Card.
Interest rate: From 26.90%
Annual fee:$662.15 (no waiver available)
Minimum annual income:
Air miles benefits:
Interest rate: From 27.90%
Annual fee:$196.20 for Year 1 (Waiver available)
Minimum annual income:
Air miles benefits:
Interest rate: From 27.90%
Annual fee:None
Minimum annual income:
Air miles benefits:
Explore More Credit Cards For Frequent Flyers In Our Blog Review
HSBC Visa Infinite Card Application
Here are 3 simple steps to apply for the HSBC Visa Infinite Credit Card
Apply via MoneySmart’s credit cards page
You may begin your application by clicking on our HSBC Visa Infinite 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 Visa Infinite Credit Card
You’ll be able to activate your HSBC Visa Infinite Credit 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 air miles and other rewards with your HSBC mobile app!
Frequently Asked Questions About HSBC Visa Infinite Credit Card
Are there any fees if I apply for the HSBC Visa Infinite Credit Card?
- HSBC Visa Infinite Credit Card charges an initial annual fee of $662.15 (no waiver available), 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 Visa Infinite 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 Visa Infinite 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).