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HSBC Advance Mastercard

in Personal Credit Cards

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HSBC Advance Mastercard

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in Personal Credit Cards

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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
  • 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.

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 5th Ave.
    New York, NY 10018 USA
  • Visit Site

Other Services by HSBC Bank USA

Availability

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

Grace Period for Late Payment (Days)
25
Over-Limit Fee
$0
Annual Fee
$0
Foreign Currency Transaction Fee
0%
No Annual Fee
No Foreign Transaction Fee
Late Payment Penalty
$37
Returned Payment Fee
$25
Minimum Interest Charge
$1
Minimum Age
18
Credit Score Range
700 - 850
850 300 700
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Bank Account Required?
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
  • Unemployed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Customer Type
Personal
Car Rental Insurance
Extended Warranty
Fraud Liability
Travel Insurance
Emergency Support
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Emergency Support
  • Extended Warranty Protection
  • Fraud Liability
  • Free Credit Score
  • Identity Theft Protection
  • Price Protection
  • Purchase Protection
  • Travel Accident Insurance
  • Travel Assistance
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
Rewards Categories
  • Entertainment
  • Every Purchase
  • Restaurants
Signup Bonus (points)
25,000
Purchase APR
(Variable APR)
16.49% - 20.49%
0% 29%
Cash Advance APR
(Variable APR)
Starting at
26.49%
Balance Computation
average daily balance (including new purchases)
Penalty APR
31.49%
Introductory Rate
0%
Balance Transfer APR
(Variable APR)
16.49% - 20.49%
8% 29%
Transfer Fee
up to 3%
Transfer Fee %
3%
Transfer Fee Minimum
$10
Introductory Rate
0%
Intro APR period (months)
12

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