Who is this credit card designed for?
HSBC Advance Mastercard is a credit card issued by HSBC Bank USA, which is based in New York, NY.
HSBC Advance Mastercard is designed for people with a credit score of 700 to 850. It's perfect for consumers looking for a card without an annual fee. It is also designed for people who want a cashback rewards program. This card allows you to earn cash on the purchases you make. A rewards program is included that allows you to convert your purchases into travel, gifts, or other perks. This card supports balance transfers, which is an attractive feature if you have credit card debt and would like to transfer it to a card with a lower APR.
What are the relevant APRs?
HSBC Advance Mastercard has a variable purchase APR that ranges from 16.49% up to 20.49%.
The card has a variable balance transfer APR that ranges from 16.49% up to 20.49%.
It also has a variable cash advance APR starting at 26.49%.
Note that late payments are subject to an APR of 31.49% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.
Is an introductory APR offer available?
Yes, HSBC Advance Mastercard offers an introductory APR rate on balance transfers of 0% for a period of 12 months.
This card does offer an introductory APR rate on new purchases of 0% for a period of 12 months.
What are the fees?
The following fees apply to HSBC Advance Mastercard:
- There is no annual fee.
- A late payment penalty of $37.
- A returned payment fee of $25.
- There is no overlimit fee
- There are no foreign transaction fees.
Is a rewards program offered?
HSBC Advance Mastercard offers a rewards program to its customers. The rewards program allows you to earn cash with every purchase you make. This card features rewards for purchases in the following categories:
- Every Purchase
Is a signup bonus offered?
HSBC Advance Mastercard doesn't offer a cash signup bonus. However, it does include a 25000 points signup bonus after spending $1500 that can be redeemed for travel, gifts, or other perks.
Is an annual loyalty bonus offered?
HSBC Advance Mastercard doesn't offer a cash loyalty bonus.
What additional benefits are offered?
HSBC Advance Mastercard provides the following benefits:
- Free Credit Score
- Auto Rental Collision Damage Waiver
- Emergency Support
- Extended Warranty Protection
- Fraud Liability
- Price Protection
- Travel Accident Insurance
- No blackout dates when redeeming miles
- Travel Assistance
- Reports to major credit bureaus
Does HSBC Advance Mastercard report your account activity to credit bureaus?
HSBC Advance Mastercard reports your account activity to the following credit reporting agencies:
Making regular and on-time payments on a credit card that reports your account activity to credit bureaus will demonstrate that you consistently manage debt well and can help increase your credit scores.
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|Grace Period for Late Payment (Days)||25|
|Foreign Currency Transaction Fee||0%|
|No Annual Fee|
|No Foreign Transaction Fee|
|Late Payment Penalty||$37|
|Returned Payment Fee||$25|
|Minimum Interest Charge||$1|
|Balance Transfer Fee %||3%|
|Balance Transfer Fee Minimum||$10|
|Credit Score Range||
700 - 850
850 300 700
|Immigration Status Considered||
|Bank Account Required?|
|Employment Statuses Considered||
|Supported Income Types||
|Car Rental Insurance|
|Credit Card Benefits||
|Bonus Rewards||Earn 25,000 Rewards Program Bonus Points, worth $250 in gift cards, after spending $1,500 or more in the first 3 months from Account opening. Earn 2X Rewards Program Points on dining and select entertainment purchases.|
|All Other Purchases||Earn 1X Rewards Program Point on all other purchases.|
|No Blackout Dates|
|Every Purchase||Earn 1X Rewards Program Point on all other purchases.|
|No Reward Expiration Period|
|Signup Bonus (points)||25,000|
|Purchase APR (Variable APR)||16.49% - 20.49%|
|Cash Advance APR (Variable APR)||Starting at 26.49%|
|Balance Computation||average daily balance (including new purchases)|
|Balance Transfer APR (Variable APR)||16.49% - 20.49%|
|Intro APR period (months)||12|
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