Are you looking for a credit card that offers great cashback rewards and other perks? Look no further than the HSBC Advance Credit Card in Singapore. This card is designed to help you get more out of your spending, with up to 3.5% cashback on all your purchases, both locally and overseas.
With a minimum salary requirement of just S$30,000, the HSBC Advance Credit Card is accessible to many Singaporeans. You can enjoy a range of additional perks and offers, including annual fee waivers, online shopping and dining promotions, and welcome gifts. Plus, with HSBC’s secure online banking platform, you can easily manage your card and track your rewards.
If you’re looking for a credit card that offers great rewards and benefits, the HSBC Advance Credit Card is definitely worth considering. Whether you’re a high spender or just looking to get more value out of your everyday purchases, this card has a lot to offer. Read on to learn more about the benefits of the HSBC Advance Credit Card in Singapore.
Key Takeaways
- The HSBC Advance Credit Card offers up to 3.5% cashback on all purchases, both locally and overseas.
- Cardholders can enjoy additional perks and offers, including annual fee waivers, online shopping and dining promotions, and welcome gifts.
- With a minimum salary requirement of just S$30,000, the HSBC Advance Credit Card is accessible to many Singaporeans.
HSBC Advance Credit Card Overview
If you’re looking for a credit card that offers cashback on all your spending, the HSBC Advance Credit Card might be the right choice for you. Here’s what you need to know about this card.
Key Features
The HSBC Advance Credit Card is designed to give you cashback on everything you spend, both locally and overseas. You can enjoy up to 3.5% cashback on your spending with this card. The cashback rate is tiered, with a base rate of 1.5% and up to 2.5% cashback if you spend at least $2,000 per month. If you’re an HSBC Everyday+ customer, you can get an additional 1% cashback on your spending.
The card also comes with a range of other benefits, including an annual fee waiver, online shopping and dining offers, and welcome gifts. If you hold an HSBC Everyday Global account, you can enjoy preferential rates on your spending.
Eligibility and Income Requirement
To be eligible for the HSBC Advance Credit Card, you must be a Singapore citizen or permanent resident, or a foreigner with a valid employment pass. You must also be at least 21 years old.
In terms of income requirement, you must have a minimum annual income of $30,000. If you don’t meet this requirement, you can still apply for the card by providing a fixed deposit collateral of at least $10,000.
If you’re looking for a credit card that offers cashback on all your spending, the HSBC Advance Credit Card is definitely worth considering. With its tiered cashback system and range of other benefits, this card can help you save money on your everyday expenses.
Rewards and Cashback Benefits
If you’re looking for a credit card that offers generous cashback and rewards, the HSBC Advance Credit Card might be just what you need. Here are the details of the rewards and cashback benefits that you can enjoy with this card.
Earning Cashback
With the HSBC Advance Credit Card, you can earn up to 3.5% cashback on everything you spend, both locally and overseas. The base cashback rate is 1.5%, but you can earn an additional 2% cashback when you spend more than $2,000 per month. This means that the more you spend, the more cashback you can earn.
Bonus Categories
If you’re looking for even more cashback, you can take advantage of the HSBC Everyday+ Rewards Programme. This programme offers an additional 1% cashback on credit card spend in bonus categories such as dining, travel, groceries, shopping, and education. This means that you can earn up to 4.5% cashback in these categories.
Redemption Options
Once you’ve earned your cashback, you can redeem it for a variety of rewards. HSBC offers a wide range of redemption options, including cash rebates, shopping vouchers, air miles, and more. You can also use your cashback to offset your credit card bill, which can help you save even more money.
Overall, the HSBC Advance Credit Card is a great choice if you’re looking for a credit card that offers generous cashback and rewards. With up to 3.5% cashback on everything you spend, both locally and overseas, and bonus cashback rates in select categories, you can earn a significant amount of cashback every month. Plus, with a wide range of redemption options, you can easily turn your cashback into rewards that you’ll love.
Additional Perks and Offers
If you’re considering getting the HSBC Advance Credit Card, you’ll be happy to know that it comes with a range of additional perks and offers that can help you save even more money. Here are some of the most notable perks and offers:
Sign-Up Incentives
As a new cardholder, you’ll be eligible for a range of sign-up incentives. One of the most attractive incentives is the SGD150 cashback that you can receive when you apply for the card online. Additionally, you can also receive a Samsonite Zeltus 24″ Spinner luggage as a sign-up gift when you spend SGD1,200 within the first month of receiving your card.
HSBC’s Entertainer App
HSBC’s Entertainer app is a great way to save money on dining, entertainment, and travel. As an HSBC Advance Credit Cardholder, you’ll be able to enjoy exclusive access to the app and take advantage of a range of promotions and discounts. The app is available for both iOS and Android devices, and it’s easy to use. All you need to do is download the app, register your card, and start enjoying the benefits.
Existing HSBC cardholders and HSBC Premier customers can also take advantage of preferential rates when applying for the HSBC Advance Credit Card. This means that you can enjoy even more savings when you switch to the Advance card.
Overall, the HSBC Advance Credit Card is a great choice for anyone looking to save money on their everyday purchases. With its attractive cashback rates, sign-up incentives, and exclusive access to the Entertainer app, it’s a card that can help you get more out of your money.
Fees and Charges
Annual Fee
When it comes to credit cards, fees and charges are always a concern. With the HSBC Advance Credit Card, you’ll be pleased to know that the annual fee is waived for the first year. After that, the annual fee is S$192.60, which is fairly reasonable compared to other credit cards in the market. Additionally, the annual fee is waived if you spend S$12,500 or more in a year.
Transaction Charges
The HSBC Advance Credit Card offers a range of benefits, but it’s important to be aware of the transaction charges. For cash advances, the fee is 6% of the amount withdrawn or S$15, whichever is greater. For late payments, the fee is S$55. If you exceed your credit limit, the fee is S$40.
However, there are no transaction fees for purchases made with the HSBC Advance Credit Card, which is a great benefit. There’s also no minimum spend required to earn cashback. You can earn up to 3.5% cashback on all types of purchases, which is a great way to save money on your everyday expenses.
Overall, the HSBC Advance Credit Card offers competitive fees and charges, making it a great choice for those looking for a credit card with a range of benefits.
Comparing HSBC Advance to Other Cards
Competitor Analysis
When it comes to cashback credit cards in Singapore, the HSBC Advance Credit Card is one of the best options available. However, it’s always a good idea to compare it to other alternatives to see which one is the best fit for you. Here, we’ll compare the HSBC Advance Credit Card to the UOB One Card and other cashback credit cards in Singapore.
UOB One Card
The UOB One Card is a popular cashback credit card in Singapore, known for its high cashback rates. However, it has a few limitations that the HSBC Advance Credit Card does not have. For example, the UOB One Card requires a minimum spend of $500 to $2,000 a month to earn cashback, while the HSBC Advance Credit Card has no minimum spend requirement. Additionally, the UOB One Card only offers cashback on specific categories, such as groceries and petrol, while the HSBC Advance Credit Card offers cashback on all purchases.
Other Cashback Credit Cards
There are several other cashback credit cards in Singapore, each with their own unique features and benefits. Some of the most popular options include the DBS Live Fresh Card, the Citi Cash Back Card, and the OCBC 365 Credit Card. However, when compared to the HSBC Advance Credit Card, these options often fall short in terms of cashback rates and overall credit card features.
Visa Card
The HSBC Advance Credit Card is a Visa card, which means it’s accepted at millions of merchants worldwide. This makes it a convenient option for frequent travellers or anyone who wants to use their credit card for purchases both locally and overseas. Additionally, the HSBC Advance Credit Card offers a range of Visa Signature privileges, including travel insurance, dining discounts, and more.
Overall, the HSBC Advance Credit Card stands out as one of the best cashback credit cards in Singapore. With no minimum spend requirement and cashback on all purchases, it’s a great option for anyone looking to earn cashback on their everyday spending. Additionally, as a Visa card, it offers global acceptance and a range of Visa Signature privileges.
Frequently Asked Questions
What fabulous perks come with the HSBC Advance Credit Card?
The HSBC Advance Credit Card is packed with exciting benefits and privileges. Enjoy up to 3.5% cashback on all your local and overseas spending. You can also earn up to SGD4,000 cashback annually. Plus, you get to enjoy exclusive dining, shopping, and travel deals.
How can I be eligible for the HSBC Advance Credit Card in Singapore?
To be eligible for the HSBC Advance Credit Card, you need to have an HSBC Advance account. You must also be a Singaporean citizen or permanent resident and be at least 21 years old. Your annual income should be at least SGD30,000.
What’s the scoop on the cashback rewards for the HSBC Advance Credit Card?
With the HSBC Advance Credit Card, you can earn up to 3.5% cashback on all your local and overseas spending. The cashback is calculated based on your total spending per month. You can earn up to SGD4,000 cashback annually. Remember that cashback is not applicable to cash advances, balance transfers, and fees and charges.
Could you tell me if there’s an annual fee for the HSBC Advance Credit Card?
Good news! There is no annual fee for the HSBC Advance Credit Card. This means you can enjoy all the benefits and privileges of the card without worrying about extra costs.
What are the credit limit possibilities with the HSBC Advance Card in Singapore?
The credit limit for the HSBC Advance Credit Card is determined by HSBC based on your income, credit history, and other factors. The minimum credit limit is SGD500, and the maximum limit is subject to approval.
Are there any recent updates to the terms and conditions of the HSBC Advance Credit Card?
There are no recent updates to the terms and conditions of the HSBC Advance Credit Card. However, it is always advisable to read the terms and conditions before applying for any credit card. This will help you understand the benefits, fees, and charges associated with the card.
With the HSBC Advance Credit Card, you can enjoy a world of exclusive benefits and privileges. Apply now and start enjoying cashback rewards and more!