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, and was established in 1865.

HSBC Advance Mastercard is designed for people with a credit score of 700 to 850. This card charges an annual fee but the fee is waived the first years. This makes a good fit for people who are willing to pay an annual fee for a card with the right benefits but want to test it before agreeing to pay a 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, and other perks.

What are the relevant APRs?

HSBC Bank USA charges a variable APR on new purchases that ranges from 14.24% to 18.24%. Balance transfer APRs, which are also variable, range from 14.24% to 18.24%

Note that late payments are subject to an APR of 30.49% 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 of 0% for a period of 12 months.

What are the fees?

The following fees apply to HSBC Advance Mastercard:

  • An annual fee of $45. Make sure the rewards and benefits of this card justify the cost of the 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 that can be redeemed for gifts and other perks.

What additional benefits are offered?

HSBC Advance Mastercard provides the following benefits:

  • Car rental insurance
  • Emergency support
  • Extended warranty
  • Fraud liability
  • Travel insurance
    • Credit Score Range
      700 - 850
    • Employment Statuses Considered
      • Employed Full-Time
      • Employed Part-Time
      • Other
      • Retired
      • Self-Employed
      • Unemployed
    • Immigration Status Considered
      • U.S. Citizen
      • U.S. Permanent Resident
    • Military Status
      • Active Duty Military
      • Military Dependent
      • Non-Military
      • Veterans
    • Minimum Age
    • Supported Income Types
      • 1099 Misc. Income
      • Cash / Other
      • Direct Deposit (W2, SSA, SSDI)
      • Payroll Check or Prepaid Card
    • Customer Type
    • Annual Fee
    • Grace Period / Deferred Interest
    • Late Payment Penalty
    • Minimum Interest Charge
    • Returned Payment Fee
    • No Annual Fee First Year
    • No Foreign Transaction Fee
    • Card Type
      • Cash Back
      • Travel
      • Rewards
    • 0% Introductory APR
    • Card Network
    • Car Rental Insurance
    • Credit Card Benefits
      • Auto Rental Collision Damage Waiver
      • Emergency Support
      • Extended Warranty Protection
      • Fraud Liability
      • Price Protection
      • Purchase Protection
      • Travel Accident Insurance
    • Emergency Support
    • Extended Warranty
    • Fraud Liability
    • Travel Insurance
    • Cashback
    • Points
    • Rewards Categories
      • Entertainment
      • Every Purchase
      • Restaurants
    • Signup Bonus (points)
    • Balance Computation
      Average daily
    • Penalty APR
    • Purchases APR (variable)
      14.24% - 18.24%
    • Transfer Fee
      up to 3%
    • Balance Transfer APR (variable)
      14.24% - 18.24%
    • Intro APR period (months)
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