HSBC Advance Mastercard Review

HSBC Advance Mastercard is a cashback credit card issued by HSBC Bank USA. 

Good credit. This card is designed for people with good credit. The minimum credit score to apply is 700.

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.

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 2% for purchases in a bonus category.

HSBC Advance Mastercard Rewards

Rewards rate (all purchases)	1%
Max rewards rate	2%
Annual rewards limit	N/A
Signup Bonus ($)	N/A
Signup Bonus (Points/Miles)	25000
Signup Bonus Spend Requirement	$1500

What are the HSBC Advance Mastercard benefits?

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
• ID Theft Protection
• Reports to major credit bureaus

What are the relevant APRs for HSBC Advance Mastercard?

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.

What are the HSBC Advance Mastercard fees?

No Annual Fee. HSBC Advance Mastercard does not charge an annual fee. No 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.

The following fees apply to HSBC Advance Mastercard:

HSBC Advance Mastercard Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$0
Foreign Transaction Fee	0%
Balance Transfer Fee	3%
Minimum Balance Transfer Fee	$10
Returned Payment Fee	$25
Late Payment Fee	$37

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.

How to apply for HSBC Advance Mastercard

• Visit the HSBC Bank USA website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
• 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.