Best HSBC Credit Cards in Singapore
Interested in HSBC credit cards in Singapore? See all your options and find the best one for you.
Finding the perfect credit card can be downright overwhelming. There are so many choices and terms and interest rates to consider. That’s why we’ve narrowed this list down to the best HSBC credit cards exclusively.
There are only five of them in Singapore including those for the affluent. Each carries a different benefit that may enhance your finances based on how you use it. Whether you love to travel or just spend money (responsibly), there is an HSBC credit card for you.
So, without further adieu, let’s take a look at these cards and a few comparisons for good measure. Keep reading to learn more.
There are a lot of differences and still many similarities among the various HSBC credit cards available in Singapore. It’s up to you to decide which one you like best.
Best HSBC Credit Card
|Best for||Credit Card Name||Key Benefits|
|Rewards||HSBC Revolution Card||5x Rewards points on dining, entertainment and online purchases.|
|Cash Back or Rebates||HSBC Platinum Card||Up to 5% rebate on your daily expenses.|
|Air Miles||HSBC Infinite Card||Sign up gift of 35,000 air miles.|
|Exclusive||HSBC Advance Card||Up to 3.5% Cash Back on all purchases.|
HSBC Visa Infinite Card
HSBC Visa Infinite Credit Card
HSBC Infinite Credit Card
This isn’t a card for everyone, in fact, this card is only for the exclusive few. The HSBC Infinite credit card comes with a whole world of travel, dining, golf and hotel privileges, that are specifically tailored for the true frequent flyer. These privilege and exclusive benefits all come with strict eligibility criteria and applicants must have a minimum annual income of S$120,000 or a minimum fixed deposit of S$30,000 is required to be maintained with HSBC until account closure.
Pro’s of HSBC Infinite Card:
- Limousine transfers and expedited immigration clearance, with 1 complimentary limousine transfer and 1 expedited immigration clearance with every S$2,000 spent on eligible purchases in a month, up to 24 times each in a calendar year.
- Complimentary Travel Insurance, with coverage for over 20 benefits of up to US$2,000,000 when you charge the full travel expense to your HSBC Visa Infinite card.
- A superior earn rate of up to 2.25 air miles for every S$1 spent.
- Complimentary room upgrades and preferential rates and Complimentary green fees and worldwide golfers’ insurance of up to S$500,000.
Con’s of HSBC Infinite Card:
- High minimum annual income of S$120,000 criteria.
- High annual card fee of S$650 (inclusive of GST), however, this is reduced to S$488 for HSBC Premier customers (inclusive of GST).
The best HSBC credit card in Singapore for travellers is none other than the Visa Infinite card. You’ll need a minimum annual income of $120,000 or a fixed deposit of $30,000 in order to qualify but the benefits are practically endless.
You can earn up to 2 1/4 miles per dollar spent for starters. That’s not to mention the aforementioned travel privileges as well as perks on golf, dining, and hotels. And, enjoy expedited immigration clearance and free Limousine transfers up to 24 times per year.
Your HSBC Visa Infinite card also comes with complimentary travel and golf insurance when you charge your travel expenses to your card.
HSBC Visa Platinum Card
HSBC Visa Platinum Credit Card
HSBC Platinum VISA Credit Card
With the benefit of both worlds, the HSBC VISA Platinum card is a cashback card with the advantage of a fairly substantial rewards program, including dining, entertainment and more. Customers enjoy 5% cash rebate on your recurring Mobile, Cable TV, and Internet Bill Payments and up to 5% cashback on Groceries, Dining and Petrol spend at Caltex and Shell stations.
Pro’s of HSBC Platinum Card:
- High rebate percentage of 5% for qualifying spend categories of Mobile, Cable and Internet Bills, Groceries, Petrol and Dining.
- A whole host of privileges and discounts with HSBC Rewards, including 10% off total bill with minimum spend of S$50 and 15% off a la carte bill at Spizza.
- Best of both worlds with 1 reward points for every dollar spent.
Con’s of HSBC Platinum Card:
- A quarterly cap of S$60 on all cash rebate, with a minimum, spend of S$400 in eligible purchases per month for all 3 months in a quarter. Therefore capping the total annual cashback to S$240.
- A quarterly cap of S$120 on all cash rebate, with a minimum, spend of S$800 in eligible purchases per month for all 3 months in a quarter. Therefore capping the total annual cashback to S$480.
- To enjoy the 5% online bonus rebate, cardholders must charge a minimum of S$600 in Qualifying Transactions to their card to qualify for the bonus 5% cash back (capped at S$50 per Qualifying Month).
Looking for a way to earn cash back while you pay your bills? You can earn 5% on Telco bills with a minimum monthly spend of $400 on the HSBC Visa Platinum Card. Not to mention that you can earn 3% cash back on groceries and petrol.
There are a few terms to be aware of with this card.
The cash back rewards are capped at $20 per month and you must spend the minimum for three months consecutively in order to earn the rewards. Likewise, you can spend $800 per month on your card and earn a total of 5% cash back on Telco bills, groceries, and petrol with a cap of $30 per month.
The annual fee for the Visa Platinum card is $180 annually. It is waived for the first two years.
You must be at least 21 years of age to qualify for this card with an annual income of at least $30,000. A fixed deposit of $10,000 will also allow you to secure this card.
HSBC Advance Visa Card
HSBC Advance Credit Card
HSBC Advance Credit Card
This card is open to all applicants, but HSBC Advance customers receive additional benefits. With no minimum spend required, you can enjoy up to 3.5% Cash Back on all your purchases (2.5% for purchases with a monthly spend above S$2,000 and 1.5% on all purchases below S$2,000). Plus HSBC Advance customers enjoy perpetual annual fee waiver on the HSBC Advance primary and supplementary credit card and an addition 1% cashback on all spends.
Pro’s of HSBC Advance Card:
- High cashback rebate rate of 2.5% and 3.5% for Advance customers on all spends, regardless of the category.
- Up to 16% instant petrol discount at all Caltex and 14% at Shell stations.
- A one-time promotional rate of 0.8% p.a. for 6 months on HSBC balance transfers.
Con’s of HSBC Advance Card:
- Cash back rebate is capped at S$70 for all non-HSBC Advance banking customers, while HSBC Advance banking customers cash back is capped at S$125 a month.
- The perpetual annual fee waiver is for HSBC Advance primary and supplementary credit card only.
This card is a no brainer if you spend a lot on your credit card each month. The cash back rewards are some of the best in the market at nearly double other typical card offers. And, if you already have an HSBC bank account, you’re already half-way to qualifying for this prestigious card.
Otherwise, you’ll need a monthly salary of at least $3500 per month that automatically credits to your HSBC bank account. Likewise, a fixed deposit of $10,000 qualifies.
There is typically an annual fee of $120 associated with this card but it is waived for HSBC Advance customers.
To qualify for the cash back rewards, you’ll need a monthly spend of at least $2,000 to earn 3.5% cash back on everything. If you spend less than $2000, you still receive 2.5% cash back on everything. Cash back rewards are, however, capped at $125 per month.
HSBC Revolution Visa Card
HSBC Revolution Credit Card
HSBC Revolution Credit Card
If you are looking for a solid rewards card with low annual eligibility criteria, then the HSBC Revolution card is perfect. With a good 5x reward points for every S$1 spend on local dining, online purchase, local entertainment and 1x reward for all other transactions.
Pro’s of HSBC Revolution Card:
- High 5x reward points to very S$1 spent on qualifying categories – Local dining, Local entertainment and online purchases.
- 1 Reward point for S$1 spent on all other transactions.
- No minimum spend required and no cap on points earned.
- Rewards points last up to THREE years.
- 2 years’ annual fee waiver.
- Enjoy up to 75% off hotel bookings + additional 8% off selected destinations with Agoda and 10% off hotel bookings with Expedia.
Con’s of HSBC Revolution Card:
- Limited additional perks to speak of (i.e. lounge access, airport limousine service, etc.)
- 5x Rewards points are capped at 1,000 HSBC Rewards points per Account per calendar month (i.e. up to S$200 spend).
If you spend a lot of money on local dining and entertainment, the HSBC Revolution Visa card is designed for you. You’ll earn 2 miles per $1 spent on dining and entertainment as well as online. Online spending includes everything from paying your bills to booking travel and food delivery.
There is no minimum spend requirement on this card so if you’re a casual spender, your points will still add up.
There is an annual fee associated with this card. It’s waived for the first two years and then it’s $160.50 per year. You can also have this fee waived, however, if you spend at least $12,500 per year with your card.
Benefits of Having an HSBC Credit Card
Of course, you should always read over the fine print on your potential credit card carefully. Besides making sure you know about all of the added benefits like HSBC travel insurance in Singapore, you also want to be sure the terms and conditions line up with your financial goals. Here are a few other benefits of having an HSBC credit card:
Earn up to 21% in fuel savings at Caltex and Shell including your card’s regular rebate offers. Add that up with the cash back rewards on your card for spending on petrol and you can see real savings.
As an HSBC customer, you’ll also have access to cash. Choose between a fixed monthly repayment plan or a regular repayment period.
You might also benefit from the HSBC Tax Payment Programme. You may be eligible to earn up to one reward for every dollar spent on paying your annual tax bill.
Comparisons: HSBC vs Other Credit Cards in Singapore
It’s always a good idea to compare credit cards to make sure you’re getting the best benefits all around. One card may have a better interest rate than another, but what kind of rewards can you earn? And, what about foreign transaction fees or other un-named fees?
Knowing your options is the only way to find the best credit card for your financial situation. But you shouldn’t have to search through each and every credit card available in your market.
Here are a few cards that stack up against the HSBC cards we’ve already reviewed here. Take a look to see why HSBC is still the best in Singapore.
Citi Cash Back Visa Card
It’s difficult to compare the Citi Cash Back Visa card to the HSBC Visa Platinum card when only looking at the cash back rewards. If you want a card that offers a fee waiver, then this is not the card for you. Likewise, the HSBC Visa Platinum card is better for cashback on local spending and transportation.
The better part of the Citi Cash Back card is 8% cash back on Grab, petrol, groceries, and dining worldwide. You must spend at least $888 per month but you can earn up to $100 per month!
Maybank Horizon Visa Signature Card
The Maybank Horizon Visa Signature card is best compared to the HSBC Revolution card. You’ll earn 3.2 miles for every $1 spent on everything from Grab to taxis. And, yes, you’ll even earn toward petrol.
What’s more with this card, travellers can earn 2 miles for every $1 in foreign currency transactions, travel packages, and airline tickets.
You will not be rewarded for online spending with this card. The annual fee is waived with an annual spend of at least $18,000.
UOB One Card
The UOB One card is best compared to the Advance card offered by HSBC. You can earn up to 5% cash back with a minimum monthly spend of at least $2,000. The cash back rewards cap out at $300 per quarter.
If you spend less than $2,000, you can still earn up to 3.33% cash back up to $100 per quarter.
This card compares best to the Advance card for those spending less than $3,500 per month. You will not qualify for the additional petrol benefits associated with the HSBC brand of cards.
Standard Chartered Unlimited Cashback Mastercard
The Standard Chartered Unlimited Cashback Mastercard is best compared to the Advance card offered by HSBC. You’ll earn a flat 1.5% cash back with no monthly cap which allows for unlimited earnings depending on how much you spend. You can also earn up to 21% at the pump with Caltex.
There are other rewards, too. Earn up to 15% rebates on Grab up to $30 per month. This card is also EZ-Link compatible.
Now that you know the differences among these featured HSBC credit cards, you can make a sound financial decision and choose the best one for your situation. Just be mindful when opening new credit cards. Your credit score will likely drop a few points as you establish a history with the card company so it’s best not to open too many at once.
If you have questions about these credit cards or others, feel free to contact us. We love to chat and want to help you find the best comparison deals.