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  HSBC Advance Mastercard

HSBC Advance Mastercard

in Personal Credit Cards from HSBC Bank USA

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HSBC Advance Mastercard

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Highlights
Highlights
Balance Transfer APR  (Variable APR) 16.74% - 20.74%
Credit Score Range 670 - 850
Annual Fee $45
Purchase APR  (Variable APR) 16.74% - 20.74%
Rewards Rates
  • 2% - 3% on Entertainment
  • Every Purchase
  • Restaurants

HSBC Advance Mastercard Review

HSBC Advance Mastercard is a cashback credit card issued by HSBC Bank USA.  If you're wondering whether HSBC Advance Mastercard is the right card for you, read on. This is everything you need to know to make a good choice.

  • Generous reward rate. You can get a rewards rate of up to 3%.
  • 0% balance transfer intro rate. Offers an introductory APR rate on balance transfers of 0% for up to 12 months, which is the average period for 0% APR balance transfer cards.
  • Competitive APRs. HSBC Advance Mastercard has a variable purchase APR of up to 20.74%.
  • Rewards program. This credit card offers rewards on your purchases, but you will have to pay an annual fee of $45 for the privilege.
  • Annual fee waived the first year. HSBC Advance Mastercard gives you the chance to have the card for a year without paying the $45 annual fee.
  • $0 foreign transaction fee. This card does not charge foreign transaction fees, which makes a great credit card to carry with you when traveling abroad.
  • Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, access to a concierge, emergency support, travel accident insurance, travel assistance, and fraud protection.
  • Good or better credit required. You should probably try with another card if your credit score is below 670.
The Good The Bad
  • No foreign transaction fees.
  • Unlimited Rewards Program Points with no expiration
  • Introductory 3X Points on dining and select entertainment purchases plus 2X Points on all other purchases in the first 12 months from Account opening
  • Annual fee waived during the first year.
  • Has an introductory APR rate on balance transfers of 0%.
  • Multiple credit card perks.
  • No foreign transaction fee.
  • Earn rewards on every purchase.
  • HSBC Advance Mastercard reports to multiple credit bureaus.
  • Cardholders can earn rewards on their purchases.
  • Offers auto rental collision damage waiver.
  • Access to a concierge.
  • Free access to your credit score.
  • Travel accident and travel assistance insurance.
  • There is a $45 annual fee applied to any account not connected to a qualifying HSBC Advance or Premier checking account on the second year
  • Requires good to excellent credit.
  • Charges an annual fee of $45.
  • Does not offer a signup bonus.

Is there a HSBC Advance Mastercard cash back or rewards program?

HSBC Advance Mastercard is a cashback card. This means you earn a percentage of your purchase as a cash reward. With HSBC Advance Mastercard you receive 1% cash back on every purchase. For example, if you buy a $1,000 laptop, you will receive $10 back in cash. However, you can earn up to 3% for purchases in a bonus category.

HSBC Advance Mastercard Rewards
Rewards rate (all purchases) 1%
Max rewards rate 3%
Annual rewards limit N/A
Signup Bonus ($) N/A

Does HSBC Advance Mastercard have a signup bonus?

HSBC Advance Mastercard doesn't offer a cash signup bonus.

Does HSBC Advance Mastercard offer an annual loyalty bonus?

HSBC Advance Mastercard doesn't offer a cash loyalty bonus.

What are the HSBC Advance Mastercard benefits?

HSBC Advance Mastercard provides the following benefits:

  • Free Credit Score
  • Auto Rental Collision Damage Waiver
  • Emergency Support
  • Zero fraud liability
  • Travel Accident Insurance
  • Cellular Telephone Protection
  • Travel Assistance
  • ID Theft Protection
  • Reports to major credit bureaus

What are the relevant APRs for HSBC Advance Mastercard?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance.

HSBC Advance Mastercard has a variable purchase APR that ranges from 16.74% up to 20.74%. The card has a variable balance transfer APR that ranges from 16.74% up to 20.74%. It also has a variable cash advance APR of 26.74% . Note that late payments are subject to an APR of 31.74% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Does HSBC Advance Mastercard have an introductory APR offer on balance transfers??

Yes, HSBC Advance Mastercard offers an introductory APR rate on balance transfers of 0% for a period of up to 12 months.

HSBC Advance Mastercard Balance Transfers
Description
Balance Transfer APR 16.74% - 20.74%
Introductory Rate 0%
Intro APR period (months) 12

Does HSBC Advance Mastercard have an introductory APR offer on new purchases??

This card does offer an introductory APR rate of 0% on qualified purchases for a period of up to 12 months.

What are the HSBC Advance Mastercard fees?

The following fees apply to HSBC Advance Mastercard:

  • There is no overlimit fee
HSBC Advance Mastercard Fees
Fees Amount
Annual Fee $45
Overlimit Fee $0
Foreign Transaction Fee 0%
Balance Transfer Fee 3%
Minimum Balance Transfer Fee $10
Returned Payment Fee up to $25
Late Payment Fee up to $37

Does HSBC Advance Mastercard have a foreign transaction fee?

HSBC Advance Mastercard does not charge foreign transaction fees. If you are a frequent traveler, this can save you hundreds of dollars in credit card fees when you travel out of the country.

Does HSBC Advance Mastercard report your account activity to credit bureaus?

HSBC Advance Mastercard reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

How to apply for HSBC Advance Mastercard

  • Visit the HSBC Advance Mastercard website.
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
  • Check the information is accurate and submit your application.
  • If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.

SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Contact

  • Headquarters
  •   425 Fifth Avenue
    New York, NY 10018
  •   Visit Site

Hours of Operation

  • Sunday Closed
  • Monday 8:30am - 5:00pm
  • Tuesday 8:30am - 5:00pm
  • Wednesday 8:30am - 5:00pm
  • Thursday 8:00am - 6:00pm
  • Friday 8:30am - 5:00pm
  • Saturday 9:00am - 1:00pm

Other Services by HSBC Bank USA

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Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Every Purchase (Points) Earn 2X Rewards Program Points on new, net dining and select entertainment purchases after the intro period. Earn 1X Rewards Program Point on all other purchases.
Foreign Currency Transaction Fee 0%
No Foreign Transaction Fee  
No Annual Fee First Year  
Over-Limit Fee $0
No Interest Grace Period for Late Payment 25
Cash Advance Fee Minimum $10
Cash Advance Fee (%) 3%
Minimum Cash Advance Fee ($) Starting at $10
Annual Fee $45
Minimum Interest Charge $1
Returned Payment Fee Up to $25
Balance Transfer Fee Minimum $10
Balance Transfer Fee % 3%
Late Fee Amount Up to $37
Customer Type Personal
Minimum Age 18
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Checking Account Required  
Card Type
  • Balance Transfer
  • Bonus Offers
  • Cashback
  • Rewards
  • Travel
  • Zero Percent
Card Network
  • Mastercard
Credit Bureau Reporting
  • Equifax
  • Experian
Emergency Support  
Travel Insurance  
Fraud Liability  
Car Rental Insurance  
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Cellular Telephone Protection
  • Concierge
  • Emergency Support
  • Fraud Liability
  • Free Credit Score
  • Identity Theft Protection
  • Travel Accident Insurance
  • Travel Assistance
Free FICO Score  
Bonus Rewards Introductory 3X Points on dining and select entertainment purchases plus 2X Points on all other purchases in the first 12 months from Account opening, up to the first $25,000 in purchases
No Reward Expiration Period  
Rewards Rates
  • 2% - 3% on Entertainment
  • Every Purchase
  • Restaurants
Cash Advance APR (Variable APR) 26.74%
Purchase APR (Variable APR) 16.74% - 20.74%
Introductory Rate 0%
Balance Computation average daily balance (including new purchases)
Penalty APR 31.74%
Intro APR period 12
Balance Transfer APR (Variable APR) 16.74% - 20.74%
Introductory Rate 0%
Intro APR period 12

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Balance Transfer APR 12.74% - 20.74%
(Variable APR)
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Credit Score Range 670 - 850     300 850
Annual Fee $0 Annual Fee
Purchase APR 12.74% - 20.74%
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Balance Transfer APR 14.74% - 24.74%
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Credit Score Range 660 - 850     300 850
Annual Fee $0 Annual Fee
Purchase APR 14.74% - 24.74%
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Balance Transfer APR 14.74% - 24.74%
(Variable APR)
    5% 29% Variable APR
Credit Score Range 680 - 850     300 850
Annual Fee $0 Annual Fee
Purchase APR 14.74% - 24.74%
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(Variable APR)
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Credit Score Range 670 - 850     300 850
Annual Fee $395 Annual Fee
Purchase APR 17.24% - 21.24%
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Rewards Rates
  • Up to 3% on Airfare
  • Up to 3% on Car Rentals
  • Up to 1% on Every Purchase
  • Up to 3% on Hotels
  • Up to 2% on Restaurants
  • Up to 3% on Travel
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