HSBC Advance Credit Card
Apply now and redeem any of these:
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MoneySmart Exclusive
Guaranteed S$400 Cash via PayNow
Guaranteed S$400 Cash via PayNow
FREE with SmartPoints
Apple 11-inch iPad Wi-Fi (A16, 2025, 128GB Silver)
6140 SmartPoints
worth S$499
Apple 11-inch iPad Wi-Fi (A16, 2025, 128GB Silver)
6140 SmartPoints
worth S$499
FREE with SmartPoints
Shopee Voucher $450
6075 SmartPoints
worth S$450
Shopee Voucher $450
6075 SmartPoints
worth S$450
Only $86 with SmartPoints
Apple Watch Series 11, 42mm (GPS, Jet Black Aluminium Case with Black Sport Band)
6995 SmartPoints
worth S$599
Apple Watch Series 11, 42mm (GPS, Jet Black Aluminium Case with Black Sport Band)
6995 SmartPoints
worth S$599
FREE with SmartPoints
LEVEL8 Adventure Trolley Luggage Case (28-inch, Black)
5805 SmartPoints
worth S$829
LEVEL8 Adventure Trolley Luggage Case (28-inch, Black)
5805 SmartPoints
worth S$829
FREE with SmartPoints
Apple AirPods Pro 3
3900 SmartPoints
worth S$349
Apple AirPods Pro 3
3900 SmartPoints
worth S$349
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Get S$400 Cash or 6,140 SmartPoints (worth up to S$499 of Gifts) when you spend S$500 from Card Account Opening Date to end of the following calendar month!
PLUS, win a S$15,000 Dream Holiday to your preferred destination! T&Cs apply.
Valid till 09 Jun 2026
ARE YOU ELIGIBLE?
MoneySmart Exclusive Promotion is valid from 05-June 2026 to 09-June-2026
MoneySmart Exclusive gift is applicable for New-to-HSBC cardholders only
Customers need to apply through MoneySmart to be eligible
Applicants need to provide HSBC their consent to receive marketing and promotional materials from HSBC at the time of submitting their application
Spend a min. of S$500 in Qualifying Transactions from Card Account Opening Date to the end of the following calendar month.
Log into your MoneySmart account and submit your claim by 9th July 2026
WHAT YOU NEED TO KNOW
[MoneySmart Baseline Gift]
Choose between S$400 Cash via PayNow OR 6,140 SmartPoints when you meet the criteria above.[MoneySmart S$15,000 Getaway Lucky Draw]
Grab an extra gift! Stand a chance to win a S$15,000 Dream Holiday to your desired destination when you apply and meet the spend criteria! T&Cs apply.Use 6,140 SmartPoints to fully redeem a product from our Rewards Store. If the product costs more, redeem with your points and top up the rest by purchasing additional SmartPoints. Enjoy flexible redemption and get the rewards you want!
SmartPoints will be credited into your points wallet, with a validity period of 1 year. You can choose to redeem any reward, or accumulate your points for future redemptions.
Please note that all rewards (Cash or SmartPoints) will typically be fulfilled approximately 5 months after the end of the campaign month (30 June 2026)
MoneySmart exclusive rewards do not stack with external or third party promotions unless otherwise stated. See T&Cs for details.
*Instantly Activate Your Virtual Card for Google Pay and Apple Pay Shopping! T&Cs apply.
A new income criteria for HSBC Credit Card and Loan will take effect from 1 October 2025. Learn more
Card Details
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HSBC Advance Credit Card Benefits 2025
If you’re contemplating on getting the HSBC Advance Credit Card, let's delve into its prerequisites, advantages, drawbacks, and more, before you make a decision.
Customer Reviews on MoneySmart Credit Card Applications
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Pros & Cons of HSBC Advance Credit Card
Pros ✅
- Earn up to 2.5% cashback on eligible local and overseas purchases:
- 1.5% cashback with no minimum spend
- 2.5% cashback with minimum $2,000 spend per month
- $196.20 annual fee (with complimentary first year fee waiver)
Subsequent annual fee waivers require minimum $12,500 annual spend - Access to 1-for- dining, lifestyle and travel promotions via HSBC ENTERTAINER
- Discounts including up to 15% off Agoda bookings, up to 10% wallet credit rebates for Booking.com, 8% off Expedia hotel bookings, and more
- Broad range of spend categories to earn up to 2.5% cashback including rarer ones like wedding costs and home renovation expenses
- Up to S$1 million complimentary travel insurance coverage against flight inconvenience and personal accident
- Gain access to a 24/7 digital Visa Concierge assistant and lifestyle guide for all things curated services, amenities, and more
- Up to 5 complimentary supplementary cards available, with no annual fee for life
Cons ❌
- Base cashback is capped at S$70 per month; cashback is not unlimited unlike UOB Absolute Cashback Card or CIMB World MasterCard
- Charges annual fee after the first year, unlike other cashback credit cards like CIMB Visa Signature Card and Standard Chartered Smart Credit Card which offer the benefit of no annual fee charges for life
- Lacks cashback benefits for expenditure on petrol unlike other cards like Citi Cash Back Card and OCBC 365 Credit Card
- Interest rate got increased from 26.9% to 27.9% p.a., which is still a competitive rate but higher than some cashback credit cards (as per MoneySmart's Credit Cards comparison tool)
- No "bonus" cashback based on bonus earn rates, only base cashback
Find out more about the HSBC Advance Card on our blog!
Comparison: HSBC Advance Card vs. SCB Simply Cash Card vs. Citi Cash Back + Card
However, unlike the two unlimited cashback cards, the HSBC Advance’s cashback is not limitless. Its base cashback is capped at $70 cashback per month, regardless of the 1.5% or 2.5% cashback tier. Plus, in order to achieve the maximum 2.5% cashback, you’d have to spend at least $2,000 per month. So for low monthly spenders, this might be a considerable caveat.
In terms of annual fee, all of the three cards charge the same rate of $196.20 and a complimentary first-year annual fee waiver. However, what sets the HSBC Advance Card apart from the rest is that you can get a perpetual fee waiver with a minimum $12,500 annual spend. So if you spend at least $2,000 per month, you can easily hit this amount within 7 months or less.
Annual fee: $196.20 (First year waived)
Minimum annual income:
Cashback benefits:
Annual fee: $196.20 (First year waived)
Minimum annual income:
Cashback benefits:
Annual fee: $196.20 (First year waived)
Minimum annual income:
Cashback benefits:
Can't Get Enough of Cashback?
Explore other cashback credit cards with us, here on MoneySmart.
How to Apply for HSBC Advance Credit Card?
Here are 3 simple steps to apply for the HSBC Advance Credit Card:
Apply for HSBC Advance Credit Card via MoneySmart
Begin applying for the HSBC Advance credit card by clicking on the “Apply Now” button on this page.
When you choose to apply online or through the HSBC mobile app and via SingPass MyInfo, HSBC will pull your identity and income data from SingPass (which is already verified), thus cutting short the processing time. The approval-in-principle page will appear within minutes of submitting your MyInfo.
Provide all documentation required
You’ll need to provide all the necessary documentation in order for HSBC to approve your credit card application. This list of documents include:
Please refer to HSBC’s official website for more details.
Receive your HSBC Advance Credit Card
You’ll be able to activate your HSBC Advance Card instantly through the HSBC mobile app, and enter a One-Time Password (OTP) after keying in your 6-digit Online Banking PIN to secure all your credit card transactions. Thereafter, it’s ready for you to use on any of your purchases and you can track your cashback and other rewards with your HSBC mobile app!
Frequently Asked Questions about HSBC Advance Credit Card
Are there any fees if I apply for the HSBC Advance Credit Card?
- HSBC Advance credit card charges an initial annual fee of $196.20 (with first-year fee waiver available), and other fees like supplementary card annual fee, late payment fee, minimum monthly payment, foreign currency transaction fee, cash advance transaction fee, overlimit fee.
Am I eligible for the HSBC Advance Credit Card?
- If you’re a Singapore Citizen, Permanent Resident (PR) or foreigner with a valid Singapore Employment Pass, you’re eligible to apply for the HSBC Advance Credit Card, as long as you’re aged 21 and above, and earn a minimum annual income of $30,000-$40,000 (for Singaporeans and PRs) or $40,000 (for foreigners).