Best HSBC Credit Cards In Singapore (2023)

Alevin Chan

Alevin Chan

Last updated 11 January, 2023

HSBC Credit Cards offer among the best benefits in the market, but unlocking them may require some effort.  

HSBC credit cards remain a popular choice for many Singaporeans. This is due to a combination of factors, including accessibility, clear value propositions and solid rewards.

The bank offers a slim catalogue of only five credit cards, but such a disciplined approach pays off, with each card aimed at a particular niche. 

Further enhancing the appeal is the solid reward and benefits that await users, which in some cases are among the best in the market. Provided you’re willing to fulfil the qualifying criteria, you could very well find the best value with HSBC credit cards. 

In this article, we’ll explore each of HSBC’s card offerings in the context of the following:   



Best HSBC credit cards in Singapore

Best for Credit card Key benefits
Cashback HSBC Advance Credit Card

HSBC Premier Mastercard Credit Card
Up to 3.5% cashback, no minimum spend
5% cashback on local and overseas dining, groceries and transport
Online shopping and contactless payments HSBC Revolution Credit Card 10x points (4 miles) per S$1 spent on online and contactless purchases
Best for families and diners HSBC Visa Platinum Credit Card 5% cashback on dining, groceries and fuel with minimum spend of S$600 per month
Best for accelerated air miles HSBC Visa Infinite Credit Card Up to 1.25 miles per S$1 spent locally, and 2.25 miles per S$1 spent overseas

 

Welcome Gift: Get rewarded with S$300 cashback upon loan approval. Valid till 31 March 2023. T&Cs apply.

Enjoy low-interest rates starting from 3.4% p.a. (EIR 6.5% p.a.). Valid till 31 March 2023. T&Cs apply.

For existing debt consolidation plan holders, receive 5% cashback upon approval of your Debt Consolidation Plan with HSBC. Valid till 31 March 2023. T&Cs apply.


Best for cashback: HSBC Advance, HSBC Premier Mastercard

Cashback is one of the most popular credit card perks, and it’s easy to see why. It’s basically instant savings that are accrued as you spend on your favourite items or purchases. 

HSBC credit cards offer two options for earning cashback. Want to get savings on a variety of transaction types? You’ll like the HSBC Advance Credit Card, which gives you up to 3.5% cashback on all spending. 

Alternatively, if you want to receive more cashback across local and overseas dining, groceries and transport, choose the HSBC Premier Mastercard Credit Card that gives you 5% cashback and up to S$1,800 savings in a year. Note that you’ll need to be a Premier Banking customer to apply for this card. 

  HSBC Advance Credit Card HSBC Premier Mastercard Credit Card
Key benefits 1.5% cashback, no minimum monthly spend
2.5% cashback with minimum spend of S$2,000 per month 
Extra 1% cashback for Advance Banking customers
5% cashback on local and overseas dining, groceries and transport
High cashback cap of S$150 per month
Cons Monthly cashback capped at S$70
For Advance Banking customers, monthly cashback capped at S$125 
Only open to Premier Banking customers
Minimum spend of S$600 required to earn cashback

Best for online shopping and contactless payments: HSBC Revolution

If you spend most of your money online (and frankly in today’s stay-home world, who doesn't?) and like to collect reward points that you can use for a variety of perks, have a look at the HSBC Revolution Credit Card.

It awards 10X points per dollar (equal to 4 miles per dollar) on all online and contactless payments, making it a great card for digital natives, or those looking to bank up air miles to travel in style when borders finally re-open.

  HSBC Revolution Credit Card
Key benefits 10X points per S$1 on online purchases and contactless payments
10X points equivalent to 4 mile per dollar 
1X points per S$1 on all other purchases
No minimum monthly spend required
No annual fees
Cons Maximum 10,000 rewards points capped at 10,000 per month

Best for families and diners: HSBC Visa Platinum

HSBC_VISA_PLATINUM

Looking for a way to save money when feeding the family or indulging your gastronomic tastes? How does 5% cashback sound?

That’s the perk you can enjoy with the HSBC Visa Platinum Credit Card, which gives you 5% cashback when you spend on local dining and groceries (including online grocers and supermarkets).

Topping up your vehicle at Caltex and Shell will also give you 5% cashback, on top of 16% discount.

  HSBC Visa Platinum Credit Card
Key benefits 5% cashback on local dining, groceries (including online) and fuel
Cons Minimum spend of S$600 per month, consecutive 3 months, required to qualify for cashback
Cashback capped at SS$250 per quarter
 

Best for accelerated air miles: HSBC Visa Infinite 

The HSBC Visa Infinite Credit Card is a premium credit card aimed at high income earners (you need S$120,000 in annual income to be eligible), and comes with corresponding high-level perks. 

It grants accelerated air miles earn rate with up to 1.25 air miles per dollar spent locally, and 2.25 air miles per dollar overseas. It also grants other travel perks such as unlimited airport lounge access worldwide, free limo rides, expedited immigration clearance, complimentary travel insurance and more. A card designed for well-heeled frequent fliers.

  HSBC Visa Infinite Credit Card
Key benefits 1 mile per S$1 spent locally (1.25 miles from second year onwards) 
2 miles per S$1 spent overseas (2.25 miles from second year onwards)
Unlimited VIP access to airport lounges worldwide
Complimentary travel insurance worth S$2 million
1 x airport lounge access and expedited immigration clearance per S$2,000 spent
Cons Minimum spend of S$50,000 per year required to earn accelerated air miles
Maximum 24x airport lounge access and 24x expedited clearance claimable per year
High annual fee of S$656.08 (S$492.56 for HSBC Premier customers)
No annual fee waiver
 

 

Welcome Gift: Get rewarded with S$300 cashback upon loan approval. Valid till 31 March 2023. T&Cs apply.

Enjoy low-interest rates starting from 3.4% p.a. (EIR 6.5% p.a.). Valid till 31 March 2023. T&Cs apply.

For existing debt consolidation plan holders, receive 5% cashback upon approval of your Debt Consolidation Plan with HSBC. Valid till 31 March 2023. T&Cs apply.


Sign-up promotions for HSBC credit cards

Thinking of trying out any of these HSBC credit cards? Be sure to make use of these sign-up promotions to enjoy rewards!

 

Read these next: 
Top Credit Card Promotions And Deals On SingSaver
HSBC Revolution Credit Card Review: For Low Spenders Who Want Flexible Rewards
Most Popular Credit Cards In Singapore
3 Tips For Using ‘Buy Now, Pay Later’ Facilities Like A Real Shopping Pro
Mobile Wallets In Singapore: A Complete Guide

 

An ex-Financial Planner with a curiosity about what makes people tick, Alevin’s mission is to help readers understand the psychology of money. He’s also on an ongoing quest to optimise happiness and enjoyment in his life.