HSBC Advance Mastercard® credit card review
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.
Up to 3x
for the first year ($45 thereafter)
Intro purchase APR
for the first 12 months (then 16.49% to 20.49% variable)
|Product Name||HSBC Advance Mastercard® credit card|
|Annual fee||$0 intro annual fee for the first year ($45 thereafter)|
|Purchase APR||0% intro for the first 12 months (then 16.49% to 20.49% variable)|
|Balance transfer APR||0% intro for the first 12 months (then 16.49% to 20.49% variable)|
|Balance transfer fee||$10 or 3% of the transaction, whichever is greater|
|Cash advance rate||26.49% variable|
|Cash advance fee||$10 or 3% of the cash advance amount, whichever is greater|
|Penalty APR||31.49% variable|
|Foreign transaction fee||None|
|Interest free period||Up to 25 days|
|Late payment fee||Up to $37|
|Returned payment fee||Up to $25|
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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.
- 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 16.49% to 20.49% 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
- You must have an existing HSBC Advance or Premier checking account before applying for the card.
- Once you have an HSBC checking account, visit HSBC website and locate the HSBC Advance Mastercard® credit card.
- Log in to your account and fill out the application form.
- 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
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.