Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

HSBC Advance Mastercard® credit card review

Last updated:  
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 14.99% to 18.99% 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 14.99% to 18.99% variable)
Balance transfer APR0% intro for the first 12 months (then 14.99% to 18.99% variable)
Balance transfer fee$10 or 3% of the transaction, whichever is greater
Cash advance rate24.99% variable
Cash advance fee$10 or 3% of the cash advance amount, whichever is greater
Penalty APR29.99% variable
Foreign transaction feeNone
Interest free periodUp to 25 days
Late payment feeUp to $39
Returned payment feeUp to $39

Expert review

Kliment Dukovski

Review by


Kliment Dukovski is a credit cards writer. He's written over 600 articles to help readers find and compare the best credit cards. Kliment has also written on money transfers, home loans and more. Previously, he ghostwrote guides and articles on foreign exchange, stock market trading and cryptocurrencies.

Expert review

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.

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.

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
Blue Cash Everyday® Card from American Express
$150 after spending $1,000 in the first 3 months
2% at US gas stations and select US department stores, 3% at US supermarkets on up to $6,000 per year, then 1% after that and on all other purchases
$0
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & fees
Chase Freedom Unlimited®
$200 after spending $500 in the first 3 months, plus 5% cash back at grocery stores on up to $12,000 in the first year
5% cash back on travel purchased through Chase, 5% on Lyft, 3% on dining and drugstores and 1.5% on all other purchases
$0
Earn a huge signup bonus for a no annual fee card with rewards of up to 5% cash back on popular everyday categories.
Chase Freedom Flex℠
$200 after spending $500 in the first 3 months, plus 5% cash back at grocery stores on up to $12,000 in the first year
5% back in rotating categories up to $1,500 combined each activated quarter (then 1%), 5% on travel purchased through Chase, 3% on dining and drugstores, and 1% on all other purchases
$0
This no-annual-fee cashback card is one of the most valuable on the market. It boasts a huge signup bonus and up to 5% cashback in multiple purchase categories.
Citi® Double Cash Card
N/A
Up to 2% cash back on purchases (1% when you buy plus 1% as you pay)
$0
This one of the most valuable flat cashback cards. It comes with 2% cash back (1% when you buy plus 1% when you pay) and 18 months to pay off transfers.
Chase Sapphire Preferred® Card
80,000 points after spending $4,000 in the first 3 months, a value of up to $1,000 through Chase Ultimate Rewards
5x points on Lyft, 2x points on travel and dining and 1x points on all other purchases
$95
This popular travel card's signup bonus is worth up to $1,000. Get even more value out of your travel, dining, and Lyft rewards by transferring them to miles.
loading

Compare up to 4 providers

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

Ask an expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.
Go to site