The HSBC Advance Mastercard has an introductory offer of: 25,000 bonus points. This will allow you to gain 3x points for dining and certain entertainment expenses and 2x points for other expenses in the first 12 months of opening your account with the first $25,000 in purchases. The value of these points will be worth about $250. This would be an excellent credit card offer for a card with no annual fees attached.
The HSBC Advance Mastercard is a no-frills rewards card that will mainly put its attention on dining and entertainment purposes. You would be able to gain the most amount of points for those 2 options. They will be able to redeemed as: gift cards, merchandise, travel, or cash back. The Capital One SavorOne Cash Rewards card will offer you an inlimited 3% cash back for the 2 options listed.
There will be no annual fees when you sign up for the HSBC Advance Mastercard if you qualify for the HSBC Advance or HSBC Premier account. If you don’t apply to any of those then there will be an annual fee charge of $45.
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HSBC Advance Mastercard Quick Facts
| Bonus Available | Receive 3X points for dining and specific entertainment expenses with an additional 2x points for other expenses in the first 12 months of opening your account with a maximum of $25,000 in expenses. |
| Bonus Value | $250 |
| Ongoing Rewards/Benefits | Gain 2X points on new, net dining and select entertainment expenses after the intro period.
Get 1X points on all other expenses after the intro period. |
| Foreign Transaction Fees? | No |
| Annual Fee | $0 |
Recommended Free Credit Score (Get Free Score)
720 – 850 (Excellent)
*If interested see our list of HSBC Bank bonuses for Checking & Savings accounts.*
Pros
- No annual fee
- Bonus points
- Flexible rewards
- No foreign transaction fees
Cons
- Excellent credit needed to qualify
- Banking relationship required
- Complicated rewards
Editor’s Alternate Pick
 The Capital One® SavorOne® Cash Rewards Credit Card offers a one-time $200 cash bonus after spending $500 on purchases within the first 3 months from account opening. You'll earn an unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases with no rotating categories or sign-ups needed to earn cash rewards. This card comes with no annual fee and no foreign transaction fees. |
HSBC Advance Mastercard 25,000 Bonus Points Offer
Gain 3X points for dining and specific entertainment purchases with 2X points for other expenses in the first 12 months of opening your account with a maximum of $25,000 in expenses.
This welcome offer will be worth about $250 for cash back (more on that later).
Here are some ideas in meeting the spending requirements:
| • Plastiq: Plastiq allows you to pay for expenses that you generally won’t be able to with your card like rent, tuition, auto lease, mortgage payment, and more. There’s a 2.5% processing fee for using your credit card. However, this’ll be worth the card bonus you’ll get. There’s also a referral program where you can earn “Fee-Free Dollars” to use towards processing fees. See our Plastiq review. |
| • Fund Checking accounts with your card: Many banks will allow you to fund the opening deposit with a credit card. Consider opening Checking accounts that also offer a sign-up bonus. This way, you can work towards bonuses from two different sources. Big banks like Chase, HSBC, Huntington, and TD Bank have great offers and allow credit card funding. You can generally fund anywhere from $50 to $1,000 towards the opening deposit with a credit card, depending on the bank. |
| • Buy gift cards: Consider buying gift cards with your credit card that you can then spend later at your leisure. Individual merchant cards (restaurants, gas stations, supermarkets, etc.) generally don’t have purchase fees, so this is a plus. On the other hand, American Express and Visa gift cards will have purchase fees. Amazon gift cards are a great idea as you can shop for almost anything there with no purchase fees either. Unfortunately, Citi credit cards tend to code gift card purchases as Cash Advances and there’ll be a fee. Call in to customer service and lower your Cash Advance limit to $0 before purchasing gift cards. You can also buy discounted gift cards as well from Raise or find gift cards on eBay. |
| • Everyday spending & bills: Always using your credit card for everyday spending, such as for dining, gas, groceries, etc. You can also use your credit card to pay for things like insurance bills, property taxes and income taxes. However, you’ll have to consider the convenience fees. |
What are HSBC Rewards Program Points Worth?
Depending on how you choose to use your points, will reflect their value. You will be able to redeem your HSBC Rewards Program points towards:
- Gift cards to popular restaurants, movie theaters and top retailers
- Merchandise from leading brands
- Travel booked through HSBC Rewards
- Cash back
To receive the best value for your points would be to use them for cash back. This would make your points value worth about $0.01 for each point. It would be the industrial average value worth that you would normally receive with other different rewards credit cards.
HSBC Promotions
 • Get up to $240 with a 3% Cash Bonus Checking Offer when you open a new HSBC Advance checking account and complete the following qualifying activities. • Open your new HSBC Advance checking account online by January 7, 2021; and • Set up Qualifying Direct Deposits into your new HSBC Advance checking account; and then • Enjoy 3% Cash Bonus, up to $240, on Qualifying Direct Deposits up to $40 per month, during the first 6 calendar months after account opening • You will automatically receive the 3% Cash Bonus in your new HSBC Advance checking account approximately eight weeks after completing that month's qualifying activities. Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC. |
• Get a $200 Welcome Deposit for eligible new customers who open a new HSBC Advance checking account and complete the following qualifying activities. • Open your new HSBC Advance checking account online by January 7, 2021; and • Make recurring monthly Qualifying Direct Deposits totaling at least $500 from a third party to your HSBC Advance checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening • You will automatically receive the $200 Welcome Deposit in your new HSBC Advance checking account approximately eight weeks after completing all qualifying activities. It's that simple. Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC. |
• Get up to $600 with a 3% Cash Bonus Checking Offer when you open a new HSBC Premier checking account and complete the following qualifying activities. • Open your new HSBC Premier checking account online by January 7, 2021; and • Set up Qualifying Direct Deposits into your new HSBC Premier checking account; and then • Enjoy 3% Cash Bonus, up to $600, on Qualifying Direct Deposits up to $100 per month, during the first 6 calendar months after account opening • You will automatically receive the 3% Cash Bonus in your new HSBC Premier checking account approximately eight weeks after completing that month's qualifying activities. Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC. |
• Get a $450 Welcome Deposit for eligible new customers who open a new HSBC Premier checking account and complete the following qualifying activities. • Open your new HSBC Premier checking account online by January 7, 2021; and • Make recurring monthly Qualifying Direct Deposits totaling at least $5,000 from a third party to your HSBC Premier checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening. • You will automatically receive the $450 Welcome Deposit in your new HSBC Premier checking account approximately eight weeks after completing all qualifying activities. It's that simple. Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC. |
• Get up to $600 with a 3% Cash Bonus Checking Offer when you open a new HSBC Premier checking account and complete the following qualifying activities. • Open your new HSBC Premier checking account online by January 7, 2021; and • Set up Qualifying Direct Deposits into your new HSBC Premier checking account; and then • Enjoy 3% Cash Bonus, up to $600, on Qualifying Direct Deposits up to $100 per month, during the first 6 calendar months after account opening • You will automatically receive the 3% Cash Bonus in your new HSBC Premier checking account approximately eight weeks after completing that month's qualifying activities. Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC. |
• Get a $450 Welcome Deposit for eligible new customers who open a new HSBC Premier checking account and complete the following qualifying activities. • Open your new HSBC Premier checking account online by January 7, 2021; and • Make recurring monthly Qualifying Direct Deposits totaling at least $5,000 from a third party to your HSBC Premier checking account(s) for 3 consecutive calendar months from the second full calendar month after account opening. • You will automatically receive the $450 Welcome Deposit in your new HSBC Premier checking account approximately eight weeks after completing all qualifying activities. It's that simple. Deposit products are offered in the U.S. by HSBC Bank USA, N.A. Member FDIC. |
Bottom Line
The HSBC Advance Mastercard is a no-frills, no-annual-fee rewards card if you are eligible for the U.S HSBC Advance or HSBC Premier checking account. If this doesn’t limit your options, then you should consider making use of this credit card’s rewards and no foreign transaction fees.
However, there are tons of other low priced credit card offers that will be equal to or even better than the HSBC Advance Mastercard welcome offer.
(Visit HSBC for more information)
What’s the Competition?
There are some of HSBC Advance Mastercard credit card’s top competitors listed below.
 The Capital One® Quicksilver® Cash Rewards Card offers a one-time $200 cash bonus after spending $500 on purchases within 3 months from account opening. You'll be able to earn an unlimited 1.5% cash back on every purchase, every day with no rotating categories or sign-ups needed to earn cash rewards. This card comes with no annual fee and no foreign transaction fees which makes this card a viable option for your go-to everyday card. |
 The Chase Freedom Unlimited® Card offers a $200 Bonus after you spend $500 on purchases in your first 3 months from account opening. Earn unlimited 1.5% cash back on all purchases. In addition, you can earn: • 5% cash back on grocery store purchases (not including Target or Walmart purchases) on up to $12,000 spent in the first year. • 5% on travel purchased through Chase, • 3% on dining at restaurants and drugstores, and • Unlimited 1.5% cash back on all other purchases. There is no minimum to redeem for cash back & your cash back rewards do not expire as long as your account is open. This card comes with no annual fee and you'll get a free credit score that is updated weekly with Credit JourneySM. |
BONUS LINK OFFER REVIEW
Chase Business Checking $300 Cash Review
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