HSBC Advance Credit Card
| Interest Rate | 25900000000000% |
|---|---|
| Reward Cap | $250 cashback per quarter |
| Annual Fee | S$192.6 |
| Card Level | Standard |
Review Score
This credit card is best-suited for those in the mid to high range salaried cardholders who primarily use a credit card on a daily basis and at the same time earn an attractive amount of cashback with a wide variety of offers and promotions.
HSBC Advance Credit Card provides a delightful deal for cashback lovers. You can get S$1500 and more cashback annually. The program entails 3.5% cashback for purchases local and overseas for all merchant categories. The great thing about the cashback is that it relies on the total amount that you spend per period rather than select-merchant-categories only. Additional feauters of the card includes: Apple Pay, Visa payWave, SimplyGo, HSBC Virtual Card and Travel Insurance Coverage.
| Minimum Annual Income | S$30000 |
|---|---|
| Minimum Age | 21 years old |
| Proof of Who You Are | Signed copy of Letter of Instruction Photocopy of the front and back of your NRIC |
| Proof of What You Earn | Salaried Employees: a) eCPF Statement contributio; or b) Last 3 months' computerised payslip; or c) Latest Notice of Assessment with latest 1 month's computerised payslip. |
| Extra documents & Conditions | Signed copy of Letter of Instruction Photocopy of the front and back of your NRIC Self-employed / commission-based earners Last 2 years' Notice of Assessment |
Unfortunately, the HSBC advance card is not an unlimited cashback card as they have a cap on the cashback per month, even for advance banking clients. Furthermore, if you are not an advance banking client, you would not get subsequent card fee waiver if you do not get to spend at least $12,000 in a year.
I pretty much use this card only when I know that I will spend more than $2000 in a given month and these transaction does not earn more than 2.5% cash back in other card categories. I don't really fancy their internet banking layout as it doesn't seems very friendly to me. Therefore I always rely on the paper statement to make payment.
My experience with their customer service is not clement furthermore not getting back to me on the queries I had highlighted but overall, it’s my card of choice especially with the 1.5% cashback across all categories, which allows me to buy discounted Golden Village Tickets and have access to HSBC 1 to 1 Dining deals. Until another credit card offers a greater than 1.5% cashback across all categories without a time frame, this is the card I am sticking to now.
I am a low spender hence it may not be easy for me to clock $500 monthly expenditure on credit cards but this is actually a good cashback card at 2.5%, especially where you spend above $2,000. Otherwise, other cards will be a better alternative to this for smaller purchases. This is a good cashback credit card for those who have high spending amount every month. My father uses it to pay for insurance premium as it gives cashback for insurance premium too.
I only just recently purchased this card. There are a lot of rebates features that come with the card, some I am still getting familiar with which I can use to offset my next purchases. When I signed up for this card I got $100 vouchers for it. However there are yet still a lot of promotions going on for this card.