The HSBC Advance Credit Card is a cashback credit card that awards cashback on any and all purchases made with no minimum spend requirement. Furthermore, cardholders who share an Advance Baking Relationship with HSBC will earn additional cashback on all purchases and perpetual annual fee waiver.
Customers who do not have an Advance Baking Relationship with the bank will earn up to 2.5% cashback on all eligible purchases made every month of the year and customers who have an Advance Baking Relationship with the bank will earn up to 3.5% cashback on all eligible purchases.
This credit card comes with a host of promotions across categories including travel, dining, online shopping, entertainment, fuel and more. Travel promotions include savings on Expedia, Agoda bookings, etc. Online shopping promotions include discounts from Zalora, ezbuy, etc. Dining promotions include 1+1 deals and discounts at Gusto Italiano & Asian Masters, Swensen's, etc. Fuel promotions include instant discounts on petrol from Shell and Caltex stations. Entertainment promotions includes discounts on movie tickets on the HSBC Movies Cards.
Apply for the HSBC Advance Credit Card today and choose from exciting sign-up gifts including a 70cm American Tourister Caravan TSA luggage or cashback of up to S$160. Sign-up perks are applicable to new and existing customers of HSBC.
For new HSBC cardholders: New HSBC cardholders or cardholders who have not cancelled any previous HSBC credit card within the last 12 months can choose between 2 welcome gifts when they apply for the HSBC Advance Visa Platinum Credit Card which are as follows:
Cardholders will also receive cashback of S$20 when they sign up for the card online and a cashback of S$20 when they sign up for a supplementary card.
Existing HSBC cardholders who have had their card issued no earlier than 24 months will receive S$50 cashback along with a cashback of S$20 for a supplementary card application and an additional S$20 cashback when they sign up for the card online when they apply for the HSBC Advance Visa Platinum Credit Card.
Both New and existing cardholders must charge a minimum qualifying spend of S$600 within one month of the card account being opened to be eligible for the welcome gift.
|Type of fee||Amount payable|
|Annual fee for non-HSBC Advance Banking customers||S$192.60 (First year fee waiver)|
|Annual fee for HSBC Advance Banking customers||S$0 (Perpetual annual fee waiver)|
|Effective Interest rate||25.9% p.a. (Minimum charge of S$2.50) starting from August 1, 2017.|
|Late payment charges||S$55|
|Cash advance fee||6% of the withdrawn amount OR S$15 (depending on whichever of the two is higher)|
|Interest on cash advance||28% p.a. (Minimum charge of S$2.50)|
|Over Limit fee||S$40|
|Card replacement fee (upon loss/theft)||S$20|
|Lost/Stolen Credit Card liability||S$100|
You can apply for the HSBC Advance Card through BankBazaar.sg. Go to the card page on BankBazaar.sg and select ‘Check Eligibility’. You will taken to pages that check the parameters qualifying you to the card. Answer the questions and you will be taken to the application page from where you can select a quote. When you click on ‘Select Quote’ you will be directed to the application form, wherein you need to fill your personal details, contact information, residential address, employment details and other relevant information. Click on ‘Submit’ and wait for the card to be approved!
You must meet the following eligibility criteria to apply for the HSBC Advance Credit Card:
The following documents must be submitted to successfully apply for an HSBC Advance Credit Card:
Singapore Citizens and Permanent Residents must submit:
Foreigners must submit:
Supplementary Credit Card Application documentation requirement:
Starting from August 1, 2017, the interest rate on your HSBC Advance Credit Card will be 25.9% p.a. with a minimum charge of S$2.50. If you do not make the full outstanding payment on your credit card statement, the interest rate will start compounding on a daily basis from your transaction date until you make the full payment.
Finance charges on your purchases will not be imposed if you make full outstanding payments on your monthly statements by the payment due date and you do not carry any balance to your next statement.
Finance charges will be imposed on your transactions if you make minimum payments or partial payments on your statement balance.
You will enjoy an interest-free period on your purchases for 20 days from your statement date if you make full outstanding payments on your monthly statements. To enjoy the interest-free period on your credit card, your EIR or Effective Interest Rate must be 0%.
The minimum monthly payment that you need to make on your credit card statement is 3% of your statement balance or S$50, depending on whichever of the two is higher.
If your account is over limit, then the minimum due will be 3% of your credit limit + excess amount of your credit limit.
If you do not make the minimum payment on your statement balance by your statement due date, you will be charged a late payment fee of S$55.
In case your HSBC Advance Credit Card is lost, stolen or the PIN has been disclosed to a third party, you should inform HSBC Bank immediately regarding the incident. You should provide all relevant information regarding the incident to the bank along with a written confirmation of the loss, theft or disclosure. The bank will launch an investigation after they receive your written confirmation.
After informing the bank regarding the same, you will not be liable for any future unauthorized or fraudulent transactions on your credit card. Your maximum liability for any such transactions after notifying the bank will be limited to S$100.
If you have lost your HSBC Advance Credit Card, it has been stolen or if your credit card PIN has been disclosed to an unknown party, you must call HSBC immediately and report the nature of the incident in the following:
This will help prove to the bank that the loss of your card was not due to negligence on your part. If you find your credit card after reporting it as lost/stolen, do not continue using the card. You must return it to HSBC after cutting it crosswise into 2 halves. You will be provided with a new credit card and asked to setup a new PIN.
You can apply online through BankBazaar directly for an HSBC Advance Credit card. The bank will follow up on your preference and ask you if you would like to apply for HSBC Advance banking. The following documents must be submitted to support your credit card application:
Applicants must produce a minimum Fixed Deposit Collateral of S$10,000, upon failing to meet the criteria.
There are two prime benefits tied with the card at the moment:
This fee is charged on the withdrawn amount. The finance charge is calculated starting from the day the transaction is posted to cardholder’s account, until the next statement date, or the day payment is made in full.
The limit is usually based on the bank’s review and approval, which might be lower than your requested amount. Applicants who earn between S$30,000 and S$120,000 p.a. have a credit limit fixed at four times the monthly income for all unsecured facilities.