Are you looking for a credit card that rewards you for your spending? If so, the HSBC Advance Credit Card review might be the perfect choice for you. With its generous cashback rewards and exclusive perks, this credit card is a popular choice among savvy shoppers.
At a glance, the HSBC Advance Credit Card offers up to 3.5% cashback on all types of purchases, with no minimum spend required. This makes it an attractive option for those who want to maximise their returns on expenditure. In addition, the card comes with a range of exclusive perks, including annual fee waivers, online shopping and dining offers, and welcome gifts.
If you’re considering applying for the HSBC Advance Credit Card, it’s essential to understand the eligibility requirements and application process. You’ll also want to compare the card with its competitors to ensure it’s the best fit for your needs. In this article, we’ll take a closer look at the HSBC Advance Credit Card and help you decide if it’s the right choice for you.
Key Takeaways
- The HSBC Advance Credit Card offers up to 3.5% cashback on all types of purchases, with no minimum spend required.
- To maximise your returns on expenditure, compare the card with its competitors and understand the fees and charges.
- The card comes with a range of exclusive perks, including annual fee waivers, online shopping and dining offers, and welcome gifts.
HSBC Advance Credit Card Review: At a Glance
If you’re looking for a credit card that rewards you for your spending, the HSBC Advance Credit Card is worth considering. This Visa card offers cashback on your purchases, as well as other benefits that can help you save money and enjoy your card more.
Key Features and Benefits
The HSBC Advance Credit Card is designed to reward you for your everyday spending. Here are some of the key features and benefits:
- Cashback: You can earn up to 3.5% cashback on all your purchases with this card. The cashback rate is tiered, so you’ll earn more as you spend more. The cashback is credited to your account automatically every month, so you don’t have to worry about claiming it.
- Annual fee waiver: The annual fee for this card is waived for the first year, and subsequently waived if you spend at least S$12,500 per year.
- HSBC Rewards Programme: You can earn reward points for your spending, which can be redeemed for a range of rewards, including air miles, shopping vouchers, and more.
- Contactless payments: You can make contactless payments with this card, which is convenient and secure.
Understanding the Cashback System
The cashback system for the HSBC Advance Credit Card is quite simple. You’ll earn a base cashback rate of 1.5% on all your purchases. If you spend at least S$2,000 per month, you’ll earn an additional cashback rate of 1%. If you’re an HSBC Everyday+ customer, you’ll earn a different cashback rate of 1%. This means you can earn up to 3.5% cashback on your purchases.
Rewards Beyond Cashback
While the cashback is the main feature of this card, there are other rewards you can enjoy. The HSBC Rewards Programme allows you to earn reward points for your spending, which can be redeemed for a range of rewards. You can redeem your points for air miles, shopping vouchers, and more. There are also other benefits to the card, such as the annual fee waiver and contactless payments.
Overall, the HSBC Advance Credit Card is a great choice if you’re looking for a credit card that rewards you for your spending. The cashback system is easy to understand, and the other benefits of the card make it an excellent choice for anyone looking to save money and enjoy their card more.
HSBC Advance Credit Card Review: Eligibility and Application Process
Who Can Apply?
The HSBC Advance Credit Card is available to personal banking customers in Singapore who meet the eligibility requirements. To apply for the card, you must be at least 21 years old and have a minimum annual income of S$30,000 if you are a Singaporean or Permanent Resident or S$40,000 if you are a self-employed, PR, or foreigner. You must also have a good credit score and no history of default or bankruptcy.
Step-by-Step Application Guide
If you meet the eligibility requirements, you can apply for the HSBC Advance Credit Card online or at any HSBC branch in Singapore. The application process is simple and straightforward, and you can expect to receive a response within a few working days.
Here’s a step-by-step guide to help you apply for the HSBC Advance Credit Card:
- Visit the HSBC website or go to any HSBC branch in Singapore to download the application form.
- Fill out the application form with your personal and financial information, including your name, address, income, and employment status.
- Provide supporting documents, such as your NRIC, income tax statement, and proof of income.
- Submit the completed application form and supporting documents to HSBC via email, post, or in person at any HSBC branch in Singapore.
- Wait for HSBC to process your application and provide you with a response.
If your application is approved, you will receive your HSBC Advance Credit Card within a few working days. Once you have your card, you can start using it to earn cashback and rewards on your purchases.
Overall, the HSBC Advance Credit Card is a great choice for anyone looking for a cashback credit card with excellent rewards and benefits. With its simple application process and eligibility requirements, it’s easy to see why so many people choose this card for their everyday spending needs.
HSBC Advance Credit Card Review: Maximising Returns on Expenditure
If you’re looking to maximise your returns on expenditure, the HSBC Advance Credit Card is a great choice. With up to 3.5% cashback on all purchases, you can earn significant rewards on your spending.
Here are some strategies you can use to make the most of your HSBC Advance Credit Card.
HSBC Advance Credit Card Review: Strategies for High Spenders
If you’re a high spender, you can earn even more cashback with the HSBC Advance Credit Card. The more you spend, the higher your cashback rate will be. For example, if you spend over $2,000 a month, you can earn 2.5% cashback on all purchases.
If you’re an HSBC Everyday+ customer, you can earn an additional 1% cashback on top of your base cashback rate. This makes the HSBC Advance Credit Card an excellent choice for high-spenders who want to maximise their rewards.
HSBC Advance Credit Card Review: Optimising for Regular Household Expenses
To get the most out of your HSBC Advance Credit Card, you should use it for all your regular household expenses. This includes things like groceries, utilities, and petrol. By using your HSBC Advance Credit Card for these expenses, you can earn cashback on all your essential purchases. You can also use your HSBC Advance Credit Card for miscellaneous expenses, such as dining out or shopping online, to earn even more rewards.
Overall, if you’re looking for a credit card that offers great rewards on your spending, the HSBC Advance Credit Card is an excellent choice. With up to 3.5% cashback on all purchases, you can earn significant rewards on your everyday spending. By using the strategies outlined above, you can maximise your returns and get the most out of your HSBC Advance Credit Card.
HSBC Advance Credit Card Review: Comparing HSBC Advance with Competitors
When it comes to cashback and rewards credit cards, the HSBC Advance Credit Card is one of the best options available. However, it’s always good to compare it with its competitors to make an informed decision. Let’s take a look at how it stacks up against other popular cashback cards in Singapore.
UOB One Card Showdown
The UOB One Card is a popular cashback card that offers up to 5% cashback on all spending. However, it comes with a higher minimum spend requirement of $500 per month. If you’re able to meet the minimum spend requirement, the UOB One Card can be a great option for you. However, if you’re unable to meet the minimum spend requirement, then the HSBC Advance Credit Card might be a better option for you.
American Express True Cashback Card
The American Express True Cashback Card is another popular cashback card in Singapore. It offers up to 3% cashback on all spending. However, it comes with an annual fee of $171.20. If you’re someone who spends a lot of money on your credit card, then the American Express True Cashback Card might be a better option for you. However, if you’re not comfortable paying an annual fee, then the HSBC Advance Credit Card might be a better option for you.
Maybank Platinum Visa Card
The Maybank Platinum Visa Card is another cashback card that offers up to 3.33% cashback on all spendings. However, it comes with a minimum spending requirement of $300 per month. If you’re able to meet the minimum spend requirement, then the Maybank Platinum Visa Card can be an excellent option for you. However, if you’re unable to meet the minimum spend requirement, then the HSBC Advance Credit Card might be a better option for you.
Alternatives
Apart from the above-mentioned cashback cards, there are many other cashback cards available in Singapore. Some of the other popular options include the OCBC 365 Credit Card, the Citi Cash Back Card, and the Standard Chartered Unlimited Cashback Card. It’s always a good idea to compare the features and benefits of different cashback cards before making a decision.
HSBC Advance Credit Card Review: Understanding the Fees and Charges
When it comes to credit cards, it’s essential to understand the fees and charges associated with them. The HSBC Advance Credit Card is no exception. Here’s what you need to know about the fees and charges for this card.
HSBC Advance Credit Card Review: Annual Fee and Waivers
The annual fee for the HSBC Advance Credit Card is S$192.60. However, the first-year annual fee is waived. That means you won’t have to pay anything for the first year of using the card. After that, you’ll be charged the annual fee each year.
However, there’s a way to get the annual fee waived for subsequent years. If you spend at least S$12,500 in a year, the annual fee for the following year will be waived.
HSBC Advance Credit Card Review: Transaction and Foreign Fees
When you use your HSBC Advance Credit Card for transactions in foreign currency, you’ll be charged a foreign currency transaction fee of 2.8% of the transaction amount. This fee is applicable for both online and offline transactions.
Additionally, if you use your card for cash advance transactions, you’ll be charged a cash advance transaction fee of 6% of the amount withdrawn or S$15, whichever is higher. Moreover, if you exceed your credit limit, you’ll be charged an overlimit fee of S$40.
It’s important to note that these fees and charges can add up quickly, so it’s essential to use your card responsibly and keep track of your spending.
In summary, the HSBC Advance Credit Card is an excellent choice for cashback and rewards. However, it’s essential to understand the fees and charges associated with the card to avoid any surprises. With the annual fee waiver and cashback rewards, this card can be a great way to earn rewards while using credit responsibly.
HSBC Advance Credit Card Review: Exclusive Perks for Advance Customers
If you are an HSBC Advance account holder, you can enjoy exclusive benefits that are not available to non-holders. Below are some of the perks that you can enjoy:
HSBC Everyday Global Account Benefits
As an HSBC Advance account holder, you can open an HSBC Everyday Global Account, which is a multi-currency account that allows you to hold up to 11 different currencies. This account comes with a Visa debit card that you can use to withdraw cash and make purchases in over 160 countries worldwide. You can also transfer money between your HSBC accounts and make international transfers at preferential rates.
Preferential Rates and Offers
HSBC Advance account holders can enjoy preferential rates and offers on a wide range of HSBC products and services. For example, you can get preferential rates on foreign currency deposits, home loans, personal loans, and insurance products. You can also enjoy discounts on dining, shopping, and travel when you use your HSBC credit card.
In addition, HSBC Advance account holders can access exclusive events and experiences, such as concerts, sporting events, and art exhibitions. You can also enjoy priority booking and discounts on tickets for selected events.
Overall, being an HSBC Advance account holder comes with a range of exclusive benefits that can help you save money and enhance your lifestyle. If you are considering getting an HSBC Advance credit card, you may want also to consider opening an HSBC Everyday Global Account to take advantage of the additional benefits that come with being an HSBC Advance account holder.
HSBC Advance Credit Card Review: Making the Most of Your Credit Card Abroad
Travelling overseas is an exciting experience and using your HSBC Advance Credit Card for your purchases can help you earn cashback and rewards. However, it’s essential to keep in mind a few things to make the most of your credit card while travelling.
Travel Insurance and Safety
When travelling abroad, it’s crucial to have travel insurance to protect yourself against unforeseen events such as lost luggage, flight cancellations, and medical emergencies. The HSBC Advance Credit Card offers complimentary travel insurance up to S$300,000 for you and your family when you charge your travel expenses to your card. Make sure to read the terms and conditions of the insurance policy to understand what is covered and what is not.
In addition to travel insurance, it’s essential to take necessary safety precautions while travelling. Keep your credit card and other vital documents in a safe place, and be aware of your surroundings when using your card for purchases.
Spending Overseas with Confidence
The HSBC Advance Credit Card is an excellent choice for overseas spending as it offers 2.5% cashback on all overseas spending with no minimum spending required. Plus, you can earn an additional 1% cashback when you link your card to an HSBC Everyday Global Account. This means you can earn up to 3.5% cashback on all your overseas purchases.
To make sure you’re getting the best exchange rates when using your credit card overseas, make sure to choose to pay in the local currency instead of your home currency. This is because when you pay in your home currency, the merchant may apply an additional conversion fee, which can be costly.
Finally, make sure to inform HSBC of your travel plans before you leave, so they can monitor your card for any suspicious activity and prevent any unauthorized transactions.
By following these tips, you can make the most of your HSBC Advance Credit Card while travelling overseas, earning cashback and rewards while also ensuring your safety and security.
HSBC Advance Credit Card Review: Lifestyle Benefits and Considerations
When considering a credit card, it is important to look beyond just the cashback and rewards offered. The lifestyle benefits that come with a credit card can also be a deciding factor. The HSBC Advance Credit Card offers a range of lifestyle benefits that are worth considering.
Dining and Entertainment Privileges
If you enjoy dining out and going to the movies, the HSBC Advance Credit Card has you covered. You can enjoy up to 50% off your dining bills at selected restaurants in Singapore. Additionally, you can get up to 16% off movie tickets at Golden Village cinemas. These dining and entertainment privileges can help you save money while enjoying your favourite activities.
For Newlyweds and Married Couples
If you are a newlyweds or a married couple, the HSBC Advance Credit Card has some benefits that might interest you. You can enjoy up to 35% off wedding packages at selected hotels in Singapore. Additionally, you can get up to 10% off at selected bridal shops. These benefits can help you save money on your wedding expenses.
Moreover, the HSBC Advance Credit Card offers a range of lifestyle benefits that cater to different interests and needs. Whether you enjoy dining out, going to the movies, or planning your wedding, the HSBC Advance Credit Card has something for you. Keep in mind that these benefits are subject to terms and conditions, so be sure to read the fine print before taking advantage of them.
Frequently Asked Questions
What fabulous perks can I expect with the HSBC Advance Credit Card?
The HSBC Advance Credit Card offers a range of exciting perks and benefits. You can enjoy cashback on your everyday spending, earn reward points, and get exclusive discounts on dining, shopping, and travel. You can also enjoy complimentary travel insurance, access to airport lounges, and 24-hour concierge services. With the HSBC Advance Credit Card, you can enjoy a world of privileges and convenience.
How does the HSBC Advance Credit Card amplify my cashback earnings?
The HSBC Advance Credit Card offers up to 3.5% cashback on all your spending, with no minimum spend required. You can earn up to S$70 cashback per month, which is higher than the average 1.5% to 2% rate offered by other cards. Additionally, if you are an HSBC Advance banking customer, you can earn an extra 1% cashback on top of the base cashback rate.
Are there any exciting promotions currently available for new HSBC Advance Credit Card holders?
Yes! HSBC frequently offers promotions for new credit card holders. For example, at the time of writing, new cardholders can earn up to S$200 cashback or a Samsonite luggage when they apply for an HSBC Advance Credit Card and meet the minimum spend criteria. Be sure to check the HSBC website for the latest promotions and offers.
Could you clarify the types of transactions that qualify for cashback with the HSBC Advance Credit Card?
The HSBC Advance Credit Card offers cashback on all types of spending, including dining, shopping, entertainment, and travel. However, there are some exclusions, such as cash advances, balance transfers, and annual fees. Be sure to check the terms and conditions of your card for the full list of exclusions.
What is the maximum cashback I can earn monthly with the HSBC Advance Credit Card, and how does it work?
The maximum cashback you can earn monthly with the HSBC Advance Credit Card is S$70. This is based on the 3.5% cashback rate on all spending, with a cap of S$2,000 per month. If you spend more than S$2,000 in a month, you will earn a base cashback rate of 1.5%. If you are an HSBC Advance banking customer, you can make an extra 1% cashback on top of the base cashback rate.
What are the charges for making foreign currency transactions on my HSBC Advance Credit Card?
The HSBC Advance Credit Card charges a foreign currency transaction fee of 2.8% of the transaction amount, which is higher than the average fee charged by other cards. Additionally, if you use your card to withdraw cash overseas, you will be charged a cash advance fee of 6% of the transaction amount. Be sure to keep these fees in mind when using your card overseas.
