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HSBC Advance Mastercard® credit card review

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The information about the HSBC Advance Mastercard® credit card has been collected independently by Finder. The card details have not been reviewed or approved by the card issuer.

Earn accelerated points on dining and select entertainment purchases.

  • Get this card if you have an HSBC checking account and want a rewards credit card.
  • Pick something else if you want accelerated points on categories other than dining and entertainment.
  • Apply if you have a good to an excellent credit score of 670 or higher.

$25,000

Welcome offer

Up to 3x

Points

$0

Annual fee

for the first year ($45 thereafter)

0%

Intro Purchase APR

for the first 12 months (then 16.74% to 20.74% variable)

Details

Product NameHSBC Advance Mastercard® credit card
Card typeMastercard
Annual fee$0 intro annual fee for the first year ($45 thereafter)
Purchase APR0% intro for the first 12 months (then 16.74% to 20.74% variable)
Balance transfer APR0% intro for the first 12 months (then 16.74% to 20.74% variable)
Balance transfer fee$10 or 3% of the transaction, whichever is greater
Cash advance rate26.74% variable
Cash advance fee$10 or 3% of the cash advance amount, whichever is greater
Penalty APR31.74% variable
Foreign transaction feeNone
Interest free periodUp to 25 days
Late payment feeUp to $37
Returned payment feeUp to $25

The basics

The HSBC Advance Mastercard® credit card might be the credit card for you if you want to earn accelerated points on dining and select entertainment purchases without paying an annual fee. Not only will you get accelerated points, but you’ll also get a long intro APR period on balance transfers and purchases. This can help you save money on interest.

However, to be eligible to apply you must have an existing HSBC checking account.

Another rewards credit card

Luxury Card Mastercard® Black Card™

  • Stainless steel—Outweighs the competition with 22 grams
  • 2% point value when you redeem for airfare
  • 1.5% point value when you redeem for cash back
  • Enjoy 24/7 access to Luxury Card Concierge
  • $100 annual airline credit toward qualifying airline purchases
  • $100 Global Entry application fee credit
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Card benefits

  • Introductory offer.
    Earn 2x points on dining and select entertainment purchases and 3x points on everything else you buy up to the first $25,000 spent on these combined categories during your first year of card membership.
  • Reward points.
    Once the intro offer ends, you’ll earn 2x points on dining and select entertainment purchases and 1x points on all other purchases.
  • Intro APR period on purchases and balance transfers.
    Use the first 12 months when you open your account to make 0% intro APR purchases. Balance transfers also come with a 12 months 0% intro APR period, but you must post your transfers within 60 days of card membership. After the intro period expires, your rate reverts to variable 16.74% to 20.74% APR.
  • No foreign transaction fees.
    Use the card freely when you’re traveling abroad without incurring any foreign transaction fees.
  • No annual fee.
    Enjoy the card’s perks and benefits without paying an annual fee.

What to watch out for

  • Credit card eligibility.
    To apply for the card, you must have an existing Advance or Premier checking account relationship with the bank.
  • Loss of intro APR period.
    If you are more than 60 days late on your payment, HSBC will apply a late payment fee or a penalty APR and you’ll lose your intro APR period on balance transfers and purchases.
  • Potential annual fee.
    If you own the card and lose your HSBC Advance or Premier checking account relationship, you’ll pay $45 annual fee for the card starting from your second year.

How to apply for the HSBC Advance Mastercard® credit card

  1. You must have an existing HSBC Advance or Premier checking account before applying for the card.
  2. Once you have an HSBC checking account, visit HSBC website and locate the HSBC Advance Mastercard® credit card.
  3. Log in to your account and fill out the application form.
  4. Review the form and submit.

What credit score do I need?

Your chances of approval increase if you have a good to excellent credit score of 670 or higher.

Compare rewards credit cards

Name Product Welcome offer Rewards Annual fee Filter values
20,000 miles after spending $1,000 in the first 3 months
1.25x miles on all purchases and 10x miles at hotels.com/venture
$0
Earn 20,000 bonus miles once you spend $1,000 on purchases within the first 3 months from account opening.
N/A
1x points on all purchases with 2% point value when you redeem for airfare and 1.5% for cash back
$495
Receive an annual $100 air travel credit toward flight-related purchases including airline tickets, baggage fees, upgrades and more.
75,000 points after spending $1,000 in the first 3 months
7x points on Hilton Honors purchases, 5x at US restaurants, US supermarkets and US gas stations, 3x on all other purchases
$0
Earn 75,000 Hilton Honors Bonus Points after you spend $1,000 in purchases on the card within your first 3 months of card membership. Rates & fees
$150 cash back after spending $500 in the first 3 months
1.5% cash back on all purchases
$0
Earn unlimited 1.5% cash back on every purchase, every day.
$150 after spending $500 in the first 90 days
5% on up to $2,000 each activated quarter on two categories combined (1% after), 2% on one everyday category and 1% on all other purchases
$0
When you spend $500 on your card within the first 90 days, you’ll receive a $150 cash back bonus. Rates & Fees

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Bottom line

If you are an existing HSBC customer looking to earn accelerated rewards on dining and select entertainment purchases without paying an annual fee, the HSBC Advance Mastercard® credit card could be worth considering. In addition to earning rewards on your purchases, you also get a long intro APR period on purchases and balance transfers.

As an alternative, you can consider the Capital One® SavorOne® Cash Rewards Credit Card. But before applying for a card, make sure to compare your credit cards options until you find the right fit for your wallet.

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