Best HSBC Credit Cards 2024
We believe that your credit card should match your unique needs because your circumstances are different from others. To help you navigate through the complex world of financial products, our research team has reviewed over 100 credit cards in Singapore and handpicked a few cards from HSBC that have excellent value propositions.
- HSBC Revolution: 4 miles per S$1 spent online and on contactless payments
- HSBC Advance: Up to 3.5% cashback capped at S$300/month
- HSBC Visa Platinum: 5% rebate on groceries, dining & petrol, miles for general
- HSBC Visa Infinite: Unltd. lounge, expedited immigration clearance & more
Compare Best HSBC Credit Cards by Dollar Value
Based on an average monthly spend of S$2,000, we analysed the best HSBC credit cards on the market to estimate returned value-to-consumer after 2 years, accounting for rebates and netting out annual fees. As a note, dollar value is heavily dependent on spending habits; intangible benefits (like free travel insurance and airport lounge access) are valuable but difficult to quantify.
- 4 miles per S$1 spent online and on contactless payments
- Up to 3.5% cashback capped at S$300/month
- 5% rebate on groceries, dining & petrol, miles for general
- Unltd. lounge, expedited immigration clearance & more
Compare Best HSBC Credit Cards by Dollar Value
Based on an average monthly spend of S$2,000, we analysed the best credit cards on the market to estimate returned value-to-consumer after 2 years, accounting for rebates and netting out annual fees. As a note, dollar value is heavily dependent on spending habits; intangible benefits (like free travel insurance and airport lounge access) are valuable but difficult to quantify.
HSBC Revolution Credit Card: Miles for Social & Online Spenders
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HSBC Revolution Credit Card is a great credit card if you have a mostly local budget, but still want to earn miles. Cardholders earn an impressive 4 miles (10 points) per S$1 spend on all online and contactless payments. This includes everything from online food delivery to travel bookings. This credit card also has no annual fee. All else–including overseas spend–earns 0.4 miles, so HSBC Revolution Card is best for social and online spenders with budgets of S$1,000+ per month. Ultimately, if you spend a great deal locally & online and want to earn no-fee miles, HSBC Revolution Card is by far the best option for you.
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HSBC Revolution Credit Card is a great credit card if you have a mostly local budget, but still want to earn miles. Cardholders earn an impressive 4 miles (10 points) per S$1 spend on all online and contactless payments. This includes everything from online food delivery to travel bookings. This credit card also has no annual fee. All else–including overseas spend–earns 0.4 miles, so HSBC Revolution Card is best for social and online spenders with budgets of S$1,000+ per month. Ultimately, if you spend a great deal locally & online and want to earn no-fee miles, HSBC Revolution Card is by far the best option for you.
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HSBC Advance Credit Card: Rebates for HSBC Personal Banking Customers
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Existing HSBC Personal Banking customers and those willing to consider opening an HSBC Everyday Global Account can earn over S$4,000 cashback per year with HSBC Advance Credit Card. Cardholders enjoy up to 3.5% flat cashback after spending over S$2,000 (or 2.5% cashback if spend is lower) which is equivalent to and up to S$370/month for simply depositing a minimum of S$2,000 per month in fresh funds and charging at least five transactions to their account.
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If you’re willing to consider opening an HSBC Advance banking account, you can potentially earn up to S$1,500/year with HSBC Advance Credit Card. Advance customers earn 3.5% flat rebate on all spend after a S$2,000 minimum (2.5% if below), up to S$125/month. This rate is more than double that offered by typical unlimited cashback cards, and while there’s a cap (S$125/month), it’s among the highest on the market. Even better, Advance customers never pay an annual fee.
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HSBC Visa Platinum Credit Card: Earn Both Cashback & Miles
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HSBC Visa Platinum Credit Card is one of the few options on the market allowing consumers to earn both cashback and miles. Cardholders earn 5% rebate on local dining, groceries and petrol–making for a very practical card–after just S$600 minimum spend. All other spend earns 0.4 miles per S$1, which is low, but requires no minimum to begin earning. Overall, earnings are capped at a respectable S$250/quarter (about S$83/month), and the S$192.6 fee is easily waived with just S$12,500 annual spend. Overall, if you’d like to earn both cashback and miles for local spend in key categories, consider HSBC Visa Platinum Card.
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HSBC Visa Platinum Credit Card is one of the few options on the market allowing consumers to earn both cashback and miles. Cardholders earn 5% rebate on local dining, groceries and petrol–making for a very practical card–after just S$600 minimum spend. All other spend earns 0.4 miles per S$1, which is low, but requires no minimum to begin earning. Overall, earnings are capped at a respectable S$250/quarter (about S$83/month), and the S$192.6 fee is easily waived with just S$12,500 annual spend. Overall, if you’d like to earn both cashback and miles for local spend in key categories, consider HSBC Visa Platinum Card.
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HSBC Visa Infinite Credit Card: Airport Convenience & Luxury Perks
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Amongst the many high-end travel cards on the market, HSBC Visa Infinite Credit Card stands out not just for its luxury perks, but also for its unique airport privileges that make trips all the more convenient. Cardholders enjoy unlimited lounge access and expedited immigration clearance up to 24 times per year, which isn't an especially common benefit. Other perks include free travel insurance, complimentary limo transfers and golfing privileges.
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Amongst the many high-end travel cards on the market, HSBC Visa Infinite Credit Card stands out not just for its luxury perks, but also for its unique airport privileges that make trips all the more convenient. Cardholders enjoy unlimited lounge access and expedited immigration clearance up to 24 times per year, which isn't an especially common benefit. Other perks include free travel insurance, complimentary limo transfers and golfing privileges.
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Learn More About Maximising Rewards with HSBC
HSBC Revolution Credit Card v. Maybank Horizon Visa Signature Credit Card
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| You can earn more miles for local spend with Maybank Horizon Visa Signature Credit Card than with any other credit card on the market. In fact, cardholders earn 3.2 miles per S$1 spend on local dining, petrol, taxis, Grab and hotel bookings–traditional travel credit cards offer just 1.1–1.4 miles per S$1 local spend. Cardholders also enjoy high rates of 2 miles per S$1 in foreign currency transactions and on air tickets & travel packages. There’s even a fee waiver with S$18,000 annual spend.
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HSBC Advance Credit Card v. Standard Chartered Unlimited Cashback Credit Card
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| Standard Chartered Unlimited Cashback Card is an excellent option for very high spenders. While the 1.5% rewards rate is lower than HSBC Advance Card’s, there is no monthly cap, allowing for unlimited earnings. SC Unlimited Cashback Card also comes with several transport perks. It’s SimplyGo functional and offers up to 21% fuel savings with Caltex. If you spend about S$7,000+/month, you can earn more with SC Unlimited Cashback Card; if you spend closer to S$3,500/month, you can better maximise rewards with HSBC Advance, as an Advance customer. | |
HSBC Advance Credit Card v. UOB One Credit Card
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| UOB One Credit Card offers one of the highest flat rates on the market. With S$2,000 monthly spend, you can earn 5% cashback up to S$300/quarter. Lower spenders earn 3.33% rebate up to S$50 or S$100/quarter. UOB One Card is different than HSBC Advance Card because of its tiered rebate system, and because of its higher max rate–though its cap (about S$100/month) is lower. Those spending S$2,000/month can make the most of their spend with UOB One Card; those spending closer to S$3,500/month will earn more as an HSBC Advance customer with the HSBC Advance Card. | |
HSBC Visa Platinum Credit Card v. Citi Cash Back Credit Card
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| With Citi Cash Back Credit Card, you can earn up to 8% on dining, groceries, and petrol worldwide. While there’s an S$888 minimum spend requirement, cardholders can earn up to S$75/month. HSBC Visa Platinum Card, however, offers just 5% rebate on food & petrol, and rewards are limited to local spend only. On the other hand, HSBC Visa Platinum Card has a lower minimum requirement (S$600) and allows cardholders to earn miles for general spend. It even has a fee-waiver, which Citi Cash Back Card does not. If you want no-fee cashback and miles for local spend on food & transport, consider HSBC Visa Platinum Card. | |
| HSBC Revolution Credit Card v. Maybank Horizon Visa Signature Credit Card |
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| Market-leading 3.2 mi/S$1 local dining & transport spend Annual Fee:S$180 Promotions: |
| You can earn more miles for local spend with Maybank Horizon Visa Signature Credit Card than with any other credit card on the market. In fact, cardholders earn 3.2 miles per S$1 spend on local dining, petrol, taxis, Grab and hotel bookings–traditional travel cards offer just 1.1–1.4 miles per S$1 local spend. Cardholders also enjoy high rates of 2 miles per S$1 in foreign currency transactions and on air tickets & travel packages. There’s even a fee waiver with S$18,000 annual spend.
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| HSBC Advance Credit Card v. Standard Chartered Unlimited Cashback Credit Card |
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| 1.5% unlimited cashback w/ no min. spend requirement Annual Fee:S$194.40 Promotions: |
| Standard Chartered Unlimited Cashback Credit Card is an excellent option for very high spenders. While the 1.5% rewards rate is lower than HSBC Advance Credit Card’s, there is no monthly cap, allowing for unlimited earnings. SC Unlimited Cashback Credit Card also comes with several transport perks. It’s SimplyGo functional and offers up to 21% fuel savings with Caltex. If you spend about S$7,000+/month, you can earn more with SC Unlimited Cashback Credit Card; if you spend closer to S$3,500/month, you can better maximise rewards with HSBC Advance, as an Advance customer. |
| HSBC Advance Credit Card v. UOB One Credit Card |
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| Up to 10% rebate on all spend, S$300/quarter Annual Fee:S$194.40 Promotions: |
| UOB One Credit Card offers one of the highest flat rates on the market. With S$2,000 monthly spend, you can earn 5% cashback up to S$300/quarter. Lower spenders earn 3.33% rebate up to S$50 or S$100/quarter. UOB One Credit Card is different than HSBC Advance Card because of its tiered rebate system, and because of its higher max rate–though its cap (about S$100/month) is lower. Those spending S$2,000/month can make the most of their spend with UOB One Credit Card; those spending closer to S$3,500/month will earn more as an HSBC Advance customer with the HSBC Advance Credit Card. |
| HSBC Visa Platinum Credit Card v. Citi Cash Back Credit Card |
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| Up to 8% cashback on groceries & petrol, 6% on dining Annual Fee:S$194.40 Promotions: |
| With Citi Cash Back Credit Card, you can earn up to 8% on dining, groceries, and petrol worldwide. While there’s an S$888 minimum spend requirement, cardholders can earn up to S$75/month. HSBC Visa Platinum Credit Card, however, offers just 5% rebate on food & petrol, and rewards are limited to local spend only. On the other hand, HSBC Visa Platinum Credit Card has a lower minimum requirement (S$600) and allows cardholders to earn miles for general spend. It even has a fee-waiver, which Citi Cash Back Credit Card does not. If you want no-fee cashback and miles for local spend on food & transport, consider HSBC Visa Platinum Credit Card. |
Zoryana is a Senior Research Analyst at ValueChampion, who focuses on evaluating credit cards, savings and fixed deposits in Singapore. She holds a BA in Political Science and an MPA in International Finance and Economic Policy, both from Columbia University. Prior to joining ValueChampion, Zoryana worked in treasury management consulting.