Overview

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
• Restaurants

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:

• Equifax
• Experian

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.