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.

Compare rewards credit cards

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Name	Product	Welcome offer	Rewards	Annual fee	Filter values
Blue Cash Preferred® Card from American Express		$300 after spending $3,000 in the first 6 months	6% on select US streaming services, 3% on transit and US gas stations, 6% at US supermarkets on up to $6,000 annually, then 1% after that and on all other purchases	$0 intro annual fee for the first year ($95 thereafter)		Perfect for families: Get up to 6% on everyday purchases and a welcome offer worth $300. This heavy-hitter rewards card has uncontested value. Terms apply, see rates & fees	Apply now View details	Compare	loading Fetching your data...
Blue Cash Everyday® Card from American Express		$200 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		This everyday cashback card offers a higher than average welcome offer for no annual fee, letting you earn $200 after you spend $1,000 in the first 3 months. Terms apply, see rates & fees	Apply now View details	Compare	loading Fetching your data...
Chase Freedom Unlimited®		$200 after spending $500 in the first 3 months	5% cash back on travel purchased through Chase, 5% on Lyft, 3% on dining and drugstores and 1.5% on all other purchases	$0		This solid 1.5% cashback card gets even better with the addition of up to 5% back in categories like travel, drug stores and dining.	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.