Best HSBC Credit Cards In Singapore (2021)

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 for cashback
• Best for online shopping
• Best for families and diners
• Best for accelerated air miles

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

SingSaver Exclusive Offer: Receive S$300 cashback when you successfully apply for an HSBC Debt Consolidation Plan. If you’re an existing debt consolidation loan holder, you’ll also be rewarded with 5% cashback upon approval of your Debt Consolidation Plan refinancing with HSBC. You’ll also get to enjoy interest rates from as low as 3.4% p.a. (EIR 6.5% p.a.).

Promotion is valid till 31 December 2021. 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

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$650 (S$488 for HSBC Premier customers) No annual fee waiver

SingSaver Exclusive Offer: Receive S$300 cashback when you successfully apply for an HSBC Debt Consolidation Plan. If you’re an existing debt consolidation loan holder, you’ll also be rewarded with 5% cashback upon approval of your Debt Consolidation Plan refinancing with HSBC. You’ll also get to enjoy interest rates from as low as 3.4% p.a. (EIR 6.5% p.a.).

Promotion is valid till 31 December 2021. 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!

Enjoy up to S$200 cashback 

• Valid only for the following credit cards:
  • HSBC Advance Credit Card
  • HSBC Revolution Credit Card
  • HSBC Visa Platinum Credit Card
• Sign up with Myinfo via Singpass and receive S$30 cashback
• Make one qualifying transaction and receive S$50 cashback
• Spend at least S$500 and receive S$120 cashback
• Maximum of S$200 cashback

Enjoy up to S$350 cashback

• Valid only for HSBC Premier Mastercard Credit Card
• Sign up with Myinfo via Singpass and receive S$30 cashback
• Make one qualifying transaction and receive S$50 cashback
• Spend at least S$500 and receive S$120 cashback
• Apply for supplementary card and receive S$150 cashback 
• Maximum of S$350 cashback

Enjoy 35,000 air miles welcome gift

• Valid only for HSBC Visa Infinite Credit Card
• Receive 35,000 air miles welcome gift 
• Requires annual fee payable and charged upon card approval
• Sign up with MyInfo via Singpass and receive S$30 cashback

Read these next: 
Top Credit Card Promotions And Deals On SingSaver (June 2021)
HSBC Revolution Credit Card Review: For Low Spenders Who Want Flexible Rewards
Most Popular Credit Cards In Singapore (2021)
3 Tips For Using ‘Buy Now, Pay Later’ Facilities Like A Real Shopping Pro
Mobile Wallets In Singapore: Complete 2021 Guide

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By Alevin Chan
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.

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