Credit Cards

Best HSBC Credit Cards in Singapore – Credit Card Reviews 2018

hsbc credit card review

Clara Lim

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HSBC isn’t necessarily the first bank that comes to mind when you think of credit cards, but the few credit cards they have on offer have unique strengths. Take a look below and see if HSBC credit cards are for you:

HSBC Credit Cards

Credit card Benefits Things to note
HSBC Advance Credit Card 3.5% cashback (min. spend $2,000)
2.5% cashback (below $2,000)
Cashback cap $125
High cashback and cap is for HSBC Advance customers only
HSBC Visa Platinum Credit Card Min. spend $800:

5% cashback on bills, groceries, petrol

2% cashback on dining
Min. spend $400:

5% cashback on bills

3% cashback on groceries, petrol

1% cashback on dining

Min. spend $800 x 3 months

Cashback cap $120 quarterly
Min. spend $400 x 3 months

Cashback cap $60 quarterly

HSBC Revolution Credit Card 5X rewards ($1 = 2 miles) on online spend, dining, entertainment
HSBC Visa Infinite Credit Card 1st year: $1 = 1 mile (local), $1 = 2 miles (overseas)

2nd year onwards: $1 = 1.25 mile (local), $1 = 2.25 miles (overseas)

Get 35,000 miles with annual fee

Travel & lifestyle benefits: limousine rides, expedited immigration clearance, unlimited airport lounge access, free spa entry, etc.

Min. income $120,000 or fixed deposit $30,000
Annual fee: $488 (for HSBC Premier customers) or $650

 

HSBC cashback credit card for 3.5% rebate: HSBC Advance Credit Card

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.

    Key features:

    • To become an HSBC Advance customer, credit a monthly salary of at least $3,500 to an HSBC account
    • Spend from $2,000 to $3,571 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
    • Don’t get this credit card if you’re not an HSBC Advance customer as 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)

     

    Also consider: UOB One Card

     

    HSBC cashback credit card for telco bills: HSBC Visa Platinum Credit Card

    HSBC Visa Platinum Credit Card

    HSBC Visa Platinum Credit Card


    Card Benefits

      • 5% or 3% cash rebate on all grocery spend (with min. $800 or $400 spend/month for all three months in the quarter)
      • 5% cash rebate on Recurring Mobile/Cable TV/Internet Bill Payment (with min. $400 spend/month for all three months in the quarter)
      • 5% or 3% cash rebate at all Shell and Caltex stations (with min. $800 or $400 spend/month for all three months in the quarter)
      • 2% or 1% cash rebate on dining (with min. $800 or $400 spend/month for all three months in the quarter)
      • S$60 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. It gives relatively 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)

       

      Also consider: UOB Delight Card

       

      HSBC rewards credit card for online & offline spending: HSBC Revolution Credit Card

      HSBC Revolution Credit Card

      HSBC Revolution Credit Card


      Card Benefits

        • 5X Rewards points (or 2 air miles) per $1 spent on Online, Dining and Entertainment 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. For people who spend a lot, there is no expenditure cap at all, whereas most 10X rewards cards have a cap of $1,000 or $2,000.

        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)

         

        Also consider: UOB Preferred Platinum Visa Card

         

        HSBC air miles credit card for VIP travel benefits: HSBC Visa Infinite Credit Card

        HSBC Visa Infinite Credit Card

        HSBC Visa Infinite Credit Card


        Card Benefits

          • $1 = Up to 1.25 air miles (Local)
          • $1 = Up to 2.25 air miles (Overseas)
          • Priority Pass™ Membership card will be automatically issued to the primary Cardholder and the supplementary Cardholder(s) - Unlimited access to over 700 VIP airport lounges worldwide
          • Access to HSBC’s Infinite Travel & Lifestyle Concierge service for personalised assistance, 24/7
          • Automatic travel insurance coverage of up to US$2,000,000 (annual value worth S$988)
          • Complimentary limousine transfer and expedited immigration clearance at key airports in Asia

          It might not have the best miles earn rate in the market, but the HSBC Visa Infinite credit card has pretty amazing travel and lifestyle perks – if you can meet the high income requirement and fork out the annual fee, that is.

          Key features:

          • Unlimited airport lounge access
          • Free limousine rides and expedited immigration clearance
          • Free entry to ESPA at RWS, up to 2x a month
          • Get 35,000 miles with annual fee payment
          • Low miles earn rate for the first year ($1 = 1 mile locally and 2 miles overseas)
          • Rates improve from 2nd year onwards ($1 = 1.25 mile locally and 2.25 miles overseas)

          Essential info:

          • Minimum income: $120,000
          • Or fixed deposit of $30,000
          • Annual fee: $488 (for HSBC Premier customers) or $650

           

          Also consider: Standard Chartered Visa Infinite Card

           

          Other HSBC credit cards

          • 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!

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          Clara Lim

          I used to be MoneyDumb. I hung out at H&M every day and thought that a $50 lunch set was a good deal. These days, I spend my time researching the crap out of life and trying to maximise utility on micro-decisions. I'm not sure if that's an improvement.