HSBC Advance Mastercard
in Personal Credit Cards from HSBC Bank USA
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| Balance Transfer APR (Variable APR) | 16.74% - 20.74% |
| Credit Score Range | 670 - 850 |
| Annual Fee | $45 |
| Purchase APR (Variable APR) | 16.74% - 20.74% |
| Rewards Rates |
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HSBC Advance Mastercard Review
HSBC Advance Mastercard is a cashback credit card issued by HSBC Bank USA. 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.
- Generous reward rate. You will get a a rewards rate of up to 3x.
- 0% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 12 months, which is the average period for 0% APR balance transfer cards.
- 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 12 months.
- Competitive APRs. HSBC Advance Mastercard has a variable purchase APR of up to 20.74%.
- Annual fee waived the first year. HSBC Advance Mastercard gives you the chance to have the card for a year without paying the $45 annual fee.
- 3% Balance transfer fee. HSBC Advance Mastercard charges a fee of up to 3% on balance transfers. For example, a balance of $1,000 could cost up to $30 in transfer fees. The minimum fee is $10.
- $0 foreign transaction fee. This card does not charge foreign transaction fees, which makes a great credit card to carry with you when traveling abroad.
- Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, access to a concierge, emergency support, travel accident insurance, travel assistance, and fraud protection.
- Good or better credit required. You should probably try with another card if your credit score is below 670.
| The Good | The Bad |
|---|---|
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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 $10 back in cash. However, you can earn up to 3% for purchases in a bonus category.
| Rewards rate (all purchases) | 1% |
| Max rewards rate | 3% |
| Annual rewards limit | N/A |
| Signup Bonus ($) | N/A |
Does HSBC Advance Mastercard have a signup bonus?
HSBC Advance Mastercard doesn't offer a cash signup bonus.Does HSBC Advance Mastercard offer an annual loyalty bonus?
HSBC Advance Mastercard doesn't offer a cash loyalty bonus.What are the HSBC Advance Mastercard benefits?
HSBC Advance Mastercard provides the following benefits:
- Free Credit Score
- Auto Rental Collision Damage Waiver
- Emergency Support
- Zero fraud liability
- Travel Accident Insurance
- Cellular Telephone Protection
- Travel Assistance
- ID Theft Protection
- Reports to major credit bureaus
What are the relevant APRs for HSBC Advance Mastercard?
According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance.HSBC Advance Mastercard has a variable purchase APR that ranges from 16.74% up to 20.74%. The card has a variable balance transfer APR that ranges from 16.74% up to 20.74%. It also has a variable cash advance APR of 26.74% . Note that late payments are subject to an APR of 31.74% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.
Does HSBC Advance Mastercard have an introductory APR offer on balance transfers??
Yes, HSBC Advance Mastercard offers an introductory APR rate on balance transfers of 0% for a period of up to 12 months.
| Description | |
|---|---|
| Balance Transfer APR | 16.74% - 20.74% |
| Balance Transfer Introductory APR | 0% |
| Balance Transfer Intro APR Period (months) | 12 |
| Balance Transfer Fee % | 3% |
| Balance Transfer Fee Minimum | $10 |
Does HSBC Advance Mastercard have an introductory APR offer on new purchases??
This card does offer an introductory APR rate of 0% on qualified purchases for a period of up to 12 months.
What are the HSBC Advance Mastercard fees?
The following fees apply to HSBC Advance Mastercard:
- There is no overlimit fee
| Fees | Amount |
|---|---|
| Annual Fee | up to $45 |
| Overlimit Fee | $0 |
| Foreign Transaction Fee | 0% |
| Balance Transfer Fee | 3% |
| Minimum Balance Transfer Fee | $10 |
| Returned Payment Fee | up to $25 |
| Late Payment Fee | up to $37 |
Does HSBC Advance Mastercard have a 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.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 on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.
How to apply for HSBC Advance Mastercard
- Visit the HSBC Advance Mastercard website.
- Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
- 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.
If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.
Contact
- Headquarters
-
425 Fifth Avenue
New York, NY 10018 - Visit Site
Other Services by HSBC Bank USA
Availability
- 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
| Every Purchase (Points) | Earn 2X Rewards Program Points on new, net dining and select entertainment purchases after the intro period. Earn 1X Rewards Program Point on all other purchases. |
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Other Personal Credit Cards
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Rating not yet determined
Balance Transfer APR
12.49% - 20.49%
Credit Score Range
670 - 850
Annual Fee
$0
Purchase APR
12.49% - 20.49%
Balance Transfer APR
14.74% - 24.74%
Credit Score Range
660 - 850
Annual Fee
$0
Purchase APR
14.74% - 24.74%
- 1.5% - 3% on Every Purchase
Balance Transfer APR
14.74% - 24.74%
Credit Score Range
680 - 850
Annual Fee
$0
Purchase APR
14.74% - 24.74%
- 1% - 3% on Every Purchase
- Retail
Balance Transfer APR
17.24% - 21.24%
Credit Score Range
670 - 850
Annual Fee
$395
Purchase APR
17.24% - 21.24%
- Up to 3% on Airfare
- Up to 3% on Car Rentals
- Up to 1% on Every Purchase
- Up to 3% on Hotels
- Up to 2% on Restaurants
- Up to 3% on Travel
Balance Transfer APR
17.24% - 21.24%
Credit Score Range
670 - 850
Annual Fee
$0
Purchase APR
17.24% - 21.24%
- Up to 2% on Airfare
- Up to 2% on Car Rentals
- Up to 1% on Every Purchase
- Up to 2% on Hotels
- Up to 2% on Travel
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