HSBC Advance Mastercard® credit card review

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.

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 14.99% to 18.99% 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.

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BlockFi Bitcoin Rewards Credit Card		Up to $100 in Bitcoin rewards by earning 3.5% back in Bitcoin on all purchases in the first 90 days	3.5% back in Bitcoin in the first 90 days, up to a total of $100 in Bitcoin, then 1.5% on all purchases	$0		Earn 3.5% back in Bitcoin in the first 90 days, up to a total of $100 in Bitcoin. After that you'll earn a solid 1.5% back on all purchases.	Apply now View details	Compare	loading Fetching your data...
American Express® Gold Card		60,000 points after spending $4,000 in the first 6 months	4x at restaurants including delivery and Uber Eats; 4x at US supermarkets on up to $25,000 annually (then 1x points), 3x points on directly-booked flights and 1x points on other eligible purchases	$250		Rose Gold is Back Earn up to 4x points on select purchases, a bevy of travel perks, and a welcome offer worth up to $600 based on our valuation with this upper-mid tier travel card. Terms apply, see rates & fees	Apply now View details	Compare	loading Fetching your data...
Blue Cash Everyday® Card from American Express		Earn a $200 statement credit after spending $2,000 in the first 6 months	3% at US supermarkets on up to $6,000 per year (then 1%), 2% at US gas stations and select US department stores and 1% on other purchases (redeem as statement credit)	$0		Earn a $200 statement credit after spending $2,000 in the first 6 months. This is a higher-than-average welcome offer for a card with no annual fee. Terms apply, see rates & fees	Apply now View details	Compare	loading Fetching your data...

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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.

Frequently asked questions

• What can I redeem HSBC reward points for?

  Redeem your points for cash back, merchandise, flights, hotels and car rentals through HSBC’s online travel rewards booking site, or redeem your points for gift cards for restaurants, movie theaters and retailers.

• What other perks does this card offer?

  You get extended warranty on your purchases, purchase assurance, price protection, car rental insurance and travel accident insurance.

• Do HSBC reward points expire?

  Your HSBC reward points won’t expire. However, if you’re inactive for 12 months — or 18 months for California residents — HSBC may close your account. If this happens, you will lose all your accrued points.