Are you looking for a cashback credit card that rewards you for your daily expenses? If so, the HSBC Advance Credit Card might be the perfect fit for you. This credit card offers up to 3.5% cashback on all types of purchases, making it one of the best cashback credit cards in Singapore. With no minimum spend required, you can start earning cashback on your purchases right away.
In this article, we will review the HSBC Advance Credit Card and compare it to other cashback credit cards in Singapore. We will also answer some frequently asked questions about the card, so you can make an informed decision about whether it’s the right card for you. So, if you’re looking to maximise your cashback rewards and save money on your daily expenses, keep reading to find out more.
Key Takeaways
- The HSBC Advance Credit Card offers up to 3.5% cashback on all types of purchases, with no minimum spend required.
- When compared to other cashback credit cards in Singapore, the HSBC Advance Credit Card offers competitive rewards and benefits.
- If you’re looking for a cashback credit card that rewards you for your daily expenses, the HSBC Advance Credit Card might be the perfect fit for you.
HSBC Advance Credit Card Features
If you are looking for a cashback credit card that offers fantastic benefits, then the HSBC Advance Credit Card might be the one for you. This Visa card provides you with a range of features that are designed to make your spending more rewarding. Here are some of the key features of the HSBC Advance Credit Card:
Cashback Benefits
With the HSBC Advance Credit Card, you can enjoy cashback on your purchases. You can earn 1.5% base cashback on all your spending, and up to 2.5% cashback when you spend S$2,000 or more per month. If you are an HSBC Everyday+ customer, you can earn an additional 1% cashback. This means you can earn up to 3.5% cashback on all your purchases.
Fees and Charges
The HSBC Advance Credit Card comes with a range of fees and charges, including an annual fee, late payment fee, overlimit fee, and foreign currency transaction fee. However, HSBC offers preferential rates for its customers, and you can enjoy annual fee waiver if you meet the minimum spend requirement.
Interest Rates
The annual interest rate for the HSBC Advance Credit Card is 25.9%, but this can be reduced to 18.5% if you make prompt payments for 12 consecutive months. The minimum monthly repayment is 3% of the outstanding balance or S$50, whichever is higher.
Eligibility and Application
To apply for the HSBC Advance Credit Card, you need to be a Singaporean or a foreigner with a minimum income requirement of S$30,000 per annum. Self-employed individuals are also eligible to apply. You can apply online or visit any HSBC branch to submit your application.
Additional Perks
The HSBC Advance Credit Card comes with a range of additional perks, including travel insurance, dining and shopping offers, and promotions. You can also enjoy SimplyGo integration, which allows you to use your HSBC Advance Credit Card for public transport payments.
Overall, the HSBC Advance Credit Card is a great choice if you are looking for a cashback credit card that offers excellent benefits. With its range of features, including cashback benefits, preferential rates, and additional perks, this card is a great option for anyone looking to make their spending more rewarding.
Comparative Analysis
When comparing the HSBC Advance Credit Card to other HSBC credit cards, it stands out as a cashback credit card with a rewards program that offers savings on daily purchases. Compared to other HSBC credit cards, the Advance Credit Card has a higher cashback rate and a lower minimum spending requirement.
When compared to other banks’ cashback cards, the HSBC Advance Credit Card still holds its own. The UOB One Card is a popular choice among cashback credit cards, but the HSBC Advance Credit Card’s cashback cap is higher and it has a more flexible rewards program.
For high spenders, the HSBC Advance Credit Card is a great option. With a high cashback rate and no monthly spend requirement, it is an ideal card for those who spend a lot each month. However, for average users, the card may not be as beneficial due to its minimum spending requirement.
One of the advantages of the HSBC Advance Credit Card is its overseas spending benefits. With no foreign currency transaction fee, it makes it a great card to use while travelling abroad. Additionally, the card’s rewards program offers savings on overseas purchases.
In terms of rewards and savings, the HSBC Advance Credit Card has a lot to offer. With a flexible rewards program that allows you to earn cashback or reward points, you can choose the option that suits you best. Additionally, the card offers promotions that can help you save even more.
Overall, the HSBC Advance Credit Card is a great option for those looking for a cashback credit card with a rewards program that offers savings on daily purchases. Whether you are a high spender or an average user, the card has benefits that can suit your needs.
Frequently Asked Questions
What fabulous benefits can one enjoy with an HSBC Advance Credit Card?
HSBC Advance Credit Card offers a wide range of benefits that make it an excellent choice for anyone looking for a credit card. You can enjoy exclusive discounts and privileges on dining, shopping, and travel. You also get complimentary travel insurance coverage of up to $1 million when you charge your travel expenses to your HSBC Advance Credit Card.
How exhilarating is the cashback offer on HSBC Advance Credit Cards?
The cashback offer on HSBC Advance Credit Cards is one of the most exciting features of the card. You can earn up to 3.5% cashback on all your purchases, with no minimum spend required. The cashback is automatically credited to your account every month, so you don’t have to worry about redeeming your rewards.
Are there any exclusive promotions currently available for HSBC Advance Credit Card holders?
Yes, HSBC Advance Credit Card holders can enjoy exclusive promotions and discounts on a range of products and services. These promotions are updated regularly, so be sure to check the HSBC website or mobile app for the latest deals.
Does the HSBC Advance Credit Card provide any delightful lounge access perks?
Yes, HSBC Advance Credit Card holders can enjoy complimentary access to selected airport lounges worldwide. You can relax and unwind before your flight with free refreshments, comfortable seating, and other amenities.
What is the annual fee for the HSBC Advance Credit Card, and is it worth it?
The annual fee for the HSBC Advance Credit Card is $192.60, which is waived for the first year. While this may seem high, the benefits and rewards that come with the card more than make up for it. If you use your card frequently, you can easily earn enough cashback to cover the annual fee.
What are the terms and conditions for cashback on the HSBC Advance Credit Card?
To qualify for cashback on the HSBC Advance Credit Card, you must charge your purchases to your card and make payment on time. The cashback is calculated based on the total amount charged to your card each month, and is capped at $125 per month. Certain transactions, such as bill payments and cash advances, are not eligible for cashback. For more information, please refer to the HSBC website or mobile app.
