Credit Cards

Best HSBC Credit Cards in Singapore – Credit Card Reviews 2019

Best HSBC Credit Cards Review

Trying to pick an HSBC credit card? You won’t need much brain power for that. There are only 3 HSBC credit cards in Singapore – excluding the ones that are for the ultra-affluent crowd – and each has a very different angle.

Take a look below and find out what the difference is between the HSBC credit cards.

 

Best HSBC credit cards in Singapore 2019

HSBC credit card Key benefits
HSBC Advance Card 1.5% / 2.5% / 3.5% cashback on everything
HSBC Revolution Card 3% / 5% cashback on bills, groceries, petrol
HSBC Visa Platinum Card 5X rewards ($1 = 2 miles) on online spending, dining, entertainment

 

HSBC Advance Card – 1.5% to 3.5% cashback on everything

HSBC Advance Credit Card

HSBC Advance Credit Card


Card Benefits

    • 1.5% Cash Back on all purchases with no minimum spend / 2.5% Cash Back on all purchases with $2,000 minimum spend per month. Capped at $70 per month
    • For HSBC Advance banking customers: 2.5% Cash Back on all purchases with no minimum spend / 3.5% Cash Back on all spend with S$2,000 minimum spend per month. Capped at S$125 per month
    • 1st year principal card annual fee waiver for non-HSBC Advance banking customers / Perpetual principal card annual fee waiver for HSBC Advance banking customers
    • Perpetual supplementary card annual fee waiver

    There’s no lack of cashback credit cards in Singapore. But as a general rule, the more attractive the rebate, the more troublesome the criteria and T&Cs.

    If you’re sick of jumping through such hoops, consider signing up as an HSBC Advance customer for the HSBC Advance Credit Card as it promises either a straight 2.5% or 3.5% cashback on everything – no need to worry about categories or minimum spend.

    Which cashback tier you get depends on your month’s expenses. Spend $2,000 or more and you get 3.5% cashback, otherwise it’s 2.5%.

    If you’re not an HSBC Advance customer, the rebates go down by 1 percentage point, and the cap is also lower.

    Key features:

    • To become an HSBC Advance customer, credit a monthly salary of at least $3,500 to an HSBC account
    • Spend $2,000 in a month and get 3.5% cashback on everything
    • If you spend below $2,000, you still get 2.5% cashback with no minimum spend
    • Cashback is capped at $125 for HSBC Advance customers
    • If you’re not an HSBC Advance customer, you get only 2.5% (>$2,000) or 1.5% (<$2,000) cashback, and it’s capped at $70 instead

    Essential info:

    • Minimum income: $30,000 (Singaporean & PR) / $40,000 (foreigner)
    • Or fixed deposit of $10,000
    • Annual fee: $120 (waived perpetually for HSBC Advance customers; waived for first year for all others)

     

    HSBC Revolution Card – all-purpose rewards / miles card

    HSBC Revolution Credit Card

    HSBC Revolution Credit Card


    Card Benefits

      • 5X Rewards points (or 2 air miles) per $1 spent on Online transactions
      • Includes airline/movie/concert tickets, hotel/travel/taxi bookings, food orders, insurance premiums, and online shopping sites
      • Excludes brokerages/securities and money payment/transfer websites

      The HSBC Revolution Credit Card isn’t the fastest way to earn air miles or rewards points, but it’s still an awesome card. For modest spenders, you can get 2 miles per dollar on almost all your discretionary spending and then some.

      Not only is there no minimum spending requirement, there’s also no cap on your rewards points! (Most rewards cards cap your points after you spend $1,000 or $2,000 a month.) If you tend to spend at random and don’t want a bank to dictate your spending habits, this is a real plus.

      Key features:

      • Get 5X rewards ($1 = 2 miles) on almost everything online
      • Not limited to online shopping. Also includes travel bookings, food delivery, movie tickets, even insurance premiums
      • Can be used offline too as 5X rewards also apply to dining and entertainment
      • No expenditure cap
      • Use points to redeem air miles, vouchers, gadgets and gifts from HSBC rewards catalogue

      Essential info:

      • Minimum income: $30,000 (Singaporean & PR) / $40,000 (foreigner)
      • Or fixed deposit of $10,000
      • Annual fee: $150 (waived for two years)

       

      HSBC Visa Platinum Card – cashback card for family necessities

      HSBC Visa Platinum Credit Card

      HSBC Visa Platinum Credit Card


      Card Benefits

        • Enjoy S$100 worth of NTUC FairPrice Vouchers when you Like, Share, and Comment on MoneySmart’s Grocery Facebook post. Be in the running to win a Dyson Supersonic Hairdryer (U.P S$599) when you fulfill the above actions and apply for your HSBC Visa Platinum Card via MoneySmart and fill up this form. More details
        • 5% cash rebate on dining, groceries and petrol with min. S$600 spend/month for all 3 months in a calendar quarter
        • S$250 cap per account per quarter

        Many credit cards give you cashback on daily needs like transportation and food. But they’re neglecting our OTHER important necessity – internet.

        The HSBC Visa Platinum credit card is a rare card that will give you 5% cashback on telco bills with a minimum spend of $400. In addition, it gives you modest rebates on groceries and petrol, so you can also use it as an all-purpose cashback card.

        Key features:

        • Spend $400 a month to get 5% cashback on telco bills and 3% cashback on groceries and petrol
        • Low cashback cap of $60 per quarter, i.e. $20 a month
        • Must spend the amount consecutively for 3 months in order to get the cashback
        • Or, spend $800 a month and get 5% on telco bills, groceries and petrol, capped at $120 per quarter

        Essential info:

        • Minimum income: $30,000 (Singaporean & PR) / $40,000 (foreigner)
        • Or fixed deposit of $10,000
        • Annual fee: $180 (waived for two years)

         

        Other HSBC credit cards in Singapore

        HSBC Visa Infinite Card: Privileges & miles card for high-income earners ($120,000 a year)

        HSBC Premier Mastercard: By invite only cashback and perks credit card, for HSBC Premier customers only

        Do you use HSBC credit cards? Tell us why or why not in the comments!

         

        Related articles

        The Best Cashback Credit Cards in Singapore

        The Best Air Miles Credit Cards in Singapore 

        The Best Credit Cards in Singapore for Online Shopping

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