If you’re looking for a credit card that offers cashback on your everyday spending, the HSBC Advance Platinum Credit Card could be a great choice for you. With up to 3.5% cashback on everything, both local and overseas, this card is simple and fuss-free to use. Plus, you can be rewarded with cashback of up to $4,000 annually.
One of the key features of the HSBC Advance Platinum Credit Card is its cashback rewards. You can earn 1.5% cashback on all your spending with no minimum spend required. If you spend more than $2,000 per month, you can earn 2.5% cashback. And if you’re an HSBC Everyday Global Account holder and qualify for the HSBC Everyday+ program, you can earn an additional 1% bonus cashback on your eligible credit card spending.
To be eligible for the HSBC Advance Platinum Credit Card, you’ll need to have an annual income of at least $30,000. The application process is simple and straightforward, and you can apply online or visit an HSBC branch to complete your application. Once your application is approved, you’ll receive your new card in the post within a few working days.
Key Takeaways
- The HSBC Advance Platinum Credit Card offers up to 3.5% cashback on all spending, both local and overseas.
- To be eligible for the card, you’ll need to have an annual income of at least $30,000.
- If you’re an HSBC Everyday Global Account holder and qualify for the HSBC Everyday+ program, you can earn an additional 1% bonus cashback on your eligible credit card spending.
Key Features of HSBC Advance Platinum Credit Card
If you’re looking for a credit card that offers great rewards and benefits, the HSBC Advance Platinum Credit Card is a great option. Here are some of the key features of this credit card:
Credit Card Rewards and Cashback
The HSBC Advance Platinum Credit Card offers cashback on all your transactions and purchases. You can earn up to 3.5% cashback on everything, both local and overseas, making it a great choice for frequent travellers. With a minimum spend of $600 per month, you can earn a cashback of up to $125 per month.
Insurance and Travel Benefits
The HSBC Advance Platinum Credit Card also offers travel insurance cover of up to $1 million, making it a great choice for frequent travellers. You will also receive complimentary travel accident insurance and travel inconvenience insurance when you charge your travel expenses to your HSBC Advance Platinum Credit Card.
Dining and Lifestyle Privileges
In addition to cashback and travel benefits, the HSBC Advance Platinum Credit Card also offers dining and lifestyle privileges. You can enjoy discounts and special offers at selected restaurants, hotels, and spas. You can also enjoy exclusive access to events and promotions.
Overall, the HSBC Advance Platinum Credit Card is a great choice for those who want to maximise rewards with minimal maintenance. With its generous cashback, travel benefits, and dining and lifestyle privileges, it is one of the best credit cards in Singapore for affluents.
Eligibility and Application Process
Income Requirements
To apply for the HSBC Advance Platinum Credit Card in Singapore, you must meet certain income requirements. As a personal banking customer, you need to have a minimum annual income of $30,000 if you are a Singaporean or Permanent Resident, and $40,000 if you are a foreigner, self-employed, or a PR.
Application Essentials
If you meet the income requirements, you can easily apply for the HSBC Advance Platinum Credit Card in Singapore. You can apply online or by visiting any HSBC branch in Singapore. If you are an existing HSBC cardholder, you can apply for the card via online banking.
When applying for the HSBC Advance Platinum Credit Card, you will need to provide your personal and financial details. You will also need to provide your marketing consent, which allows HSBC to contact you about their products and services.
If you want to apply for a supplementary card, you can do so during the application process. Keep in mind that the supplementary cardholder must be at least 18 years old and must be a family member.
In summary, to apply for the HSBC Advance Platinum Credit Card in Singapore, you need to meet the income requirements, provide your personal and financial details, and give your marketing consent. You can apply online or by visiting any HSBC branch in Singapore.
Fees and Charges
As with any credit card, it is important to understand the fees and charges associated with the HSBC Advance Platinum Credit Card. Here is a breakdown of the fees and charges you can expect:
Understanding Annual Fees
The annual fee for the HSBC Advance Platinum Credit Card is S$192.60. However, the annual fee is waived for the first year. Additionally, if you spend at least S$12,500 per year, the annual fee will be waived for subsequent years.
Additional Costs to Consider
In addition to the annual fee, there are other costs to consider when using the HSBC Advance Platinum Credit Card. These include late payment fees, overlimit fees, and foreign transaction fees.
If you make a late payment, you will be charged a fee of S$75. If you go over your credit limit, you will be charged an overlimit fee of S$40. Finally, if you use your card to make purchases in a foreign currency, you will be charged a foreign transaction fee of 2.25%.
It is important to keep these additional costs in mind when deciding whether the HSBC Advance Platinum Credit Card is right for you. However, with the generous cashback rewards and other benefits offered by this c