#1: Up to 2.5% base cashback on all types of spending, capped at S$70 per month
For a start, the HSBC Advance Credit Card gives you as much as 2.5% cashback with no minimum spend, which you can freely use across all spends.
2.5% may not seem like much, but it is on par with the rebates offered by some of the leading ‘everyday savings’ cards currently on the market. Remember, the average cashback rate of credit cards with no minimum spend typically hovers around 1.5% to 2%.
This 2.5% base cashback rate consists of:
- S$0 to S$2,000 monthly spend: Earn 1.5% base cashback
- Above S$2,000 monthly spend: Earn 2.5% base cashback
This is backed up by the card’s other winning feature: a maximum S$70 base cashback cap per month.
Both these main features work wonderfully together. At 2.5% cashback on all spends, you just need to charge above S$2,000 to hit the maximum base cashback of $70.
But if let's say, spending more than S$2,000 per month is a bit of a stretch for you. No worries, you can still clock in 1.5% cashback in the following categories:
- Retail spending
- Dining spending
- Education spending
- Wedding spending
- Home spending
- Other eligible local spending
Monthly spend on your HSBC Advance Credit Card
|
Base Cashback
|
Maximum cashback per calendar month
|
S$2,000 and below
|
1.5% Cashback
|
S$70
|
Above S$2,000
|
2.5% Cashback
|
S$70
|
#2: Earn additional 1% HSBC Everyday+ Rewards
Simply deposit a minimum of S$2,000 fresh funds (or S$5,000 for HSBC Premier customers) and perform 5 eligible transactions to receive 1% cashback on on your credit card spending with HSBC Everyday+ Rewards Programme.
That's right, every calendar month either via salary crediting and/or inward transfers from a non-HSBC account.
It is important to note that the maximum cashback per calendar month is S$500 for HSBC Premier and Jade customers and S$300 for Personal banking customers.
This means effectively, you can earn a maximum of S$370 to S$570 total cashback ($70 base cashback + S$300/S$500 additional cashback) if you play your (credit) card right.
#3: Pay for big-ticket expenses like house renovations and wedding costs
The HSBC Advance Credit Card can be used to fund your big-ticket purchases much like other unlimited cashback cards. Why?
This is mainly because of three of its features:
- No minimum spend
- Higher monthly spend tiers above S$2,000 to earn up to 3.5% cashback effortlessly
- Eligible spend categories include education, wedding, and home-related expenses
- Higher cashback cap of up to S$570
Most other cashback cards not only have a lower cashback cap, but this cap is also split across several spend category types.
For example, the UOB EVOL Card has a S$60 cashback cap per month, but it's restricted to S$20 per category across online spend, mobile contactless spend, and all other retail spend. This greatly limits your maximum potential cashback earned if you spend more in one category than the other.
But with the HSBC Advance Credit Card, you won't have to worry about hitting a spend limit or cap that earns eligible cashback.
See also: How to Maximise Miles Earned on Big Ticket Spending
HSBC Everyday+ Rewards
From 1 May to 31 October 2023, HSBC will be running the Sure-Win Promotion as part of the Everyday+ Rewards programme.
There are 18,000 prizes to be won, with 10,000 Grand Lucky prizes including Oscar’s Buffet Lunch for 2 at Conrad Hotel, NTUC and Takashimaya vouchers, and one night stay at Centennial Suite with Executive Floor benefits and breakfast for 2.
On top of a 1% cashback on qualifying credit card transactions, HSBC EGA holders will earn 1% bonus interest on incremental SGD balances.
To qualify for the Sure-Win Promotion, HSBC customers will need to maintain the respective minimum balances and make 5 eligible transactions on the account.
Personal Banking | Premier Customers | |
Eligible Cards | Any HSBC credit card or EGA debit card | Any HSBC credit card or EGA debit card |
Minimum EGA Deposit Per Month | S$2,000 | S$5,000 (Premier & Jade) |
Bonus Interest | 1% on Incremental SGD Balances | 1% on Incremental SGD Balances |
Cashback | 1% on 5 eligible transactions | 1% on 5 eligible transactions |
Minimum Transactions Per Month | 5 | 5 |
Qualifying Transactions | Make 5 eligible transactions (Can be a combination of the following) • HSBC Credit Cards • HSBC Everyday Global Debit Card • GIRO Bill Payments including: Insurance premium payment, Repayment of Car Loan, Utilities & Telco bill payments, Non-HSBC CC bill payments, School fees, Income Tax • Outward Funds transfers /Paynow /FX/TT |
Make 5 eligible transactions (Can be a combination of the following) • HSBC Credit Cards • HSBC Everyday Global Debit Card • GIRO Bill Payments including: Insurance premium payment, Repayment of Car Loan, Utilities & Telco bill payments, Non-HSBC CC bill payments, School fees, Income Tax • Outward Funds transfers /Paynow /FX/TT |
Cap |
S$300 Bonus Interest + S$300 Cashback = S$600 |
S$300 Bonus Interest + S$500 Cashback = S$800 |
Crediting Time | By end of following month | 2-14 business days |
Are the enhanced benefits worth the HSBC Everyday Global Account?
You should know that the HSBC Everyday Global Account is an enhanced savings account, which comes bundled with features you won’t normally find in a basic savings account.
Some of these include multi-currency deposits, and preferential rates for loans.)
What promotions are there for the HSBC Advance Credit Card?
What charges or fees should you look out for?
Excited about the HSBC Advance Credit Card? Before you apply, check the eligibility requirements, card fees and interest rate below.
Singaporeans or PR holders
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Foreigners
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Annual Fees
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Fee Waiver
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Effective Interest Rate
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21 to 65 years old S$30,000 minimum annual income
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21 to 65 years old S$40,000 minimum annual income, with valid employment pass
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S$194.40 (GST included)
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1 year, waived if you spend more than $12,500 annually from Year 2 onwards
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25.9% p.a.
|
How to apply?
Click on the ‘Apply Now’ button on this page and complete the application form on the SingSaver site. You will need to prepare the following documents for the application process:
- Front and back of NRIC/Passport/Employment Pass
- Salaried employees: Past 12 months CPF statement (Singaporean/PR) or latest Income Tax Notice of Assessment and latest original computerised payslip
- Self-employed: Latest Income Tax Notice of Assessment and latest original computerised payslip

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