Forum
Last updated: 

Who has knowledge about the HSBC Advance Credit Card balance transfer and the HSBC spend instalment?

I would like to understand the benefits exclusive to the HSBC Advance Credit Cardholders and in particular the Card balance transfer and HSBC spend instalment. Can someone be kind enough to provide me with these information’s? Thanks in advance!

User comments

  • user image

    No Name

    Primarily, HSBC Advance provides digital banking solutions, financial advice and support from expert Advance Managers, preferential rewards, and expatriate banking services that can help you stay in control of your finances and achieve your future goals. With the card balance transfer, they offer a one-time promotional rate of 1.68% p.a. for 6 months which should enable you to be able to enjoy greater financial freedom. Please note that as this is an exclusive one-time promotion for new HSBC Advance credit cardholders only, all balance transfer applications under this promotion must be received by HSBC within 3 months from the card account opening date. On the other hand, the HSBC Spend Instalment helps you manage your finances by dividing your purchases into smaller instalments of 3, 6 or 12 months at a processing fee of up to 5%.

    2019.08.01 5:27

Please leave your knowledge and opinion!

Recommending Reviews

Too bad it is not an unlimited cashback card

Unfortunately, the HSBC advance card is not an unlimited cashback card as they have a cap on the cashback per month, even for advance banking clients. Furthermore, if you are not an advance banking client, you would not get subsequent card fee waiver if you do not get to spend at least $12,000 in a year.

HSBC Advance Credit Card / HSBC Bank Singapore

I don't like their internet banking layout and i find it doesn't seem very friendly to me

I pretty much use this card only when I know that I will spend more than $2000 in a given month and these transaction does not earn more than 2.5% cash back in other card categories. I don't really fancy their internet banking layout as it doesn't seems very friendly to me. Therefore I always rely on the paper statement to make payment.

HSBC Advance Credit Card / HSBC Bank Singapore

It’s my card of choice especially with the 1.5% cashback across all categories

My experience with their customer service is not clement furthermore not getting back to me on the queries I had highlighted but overall, it’s my card of choice especially with the 1.5% cashback across all categories, which allows me to buy discounted Golden Village Tickets and have access to HSBC 1 to 1 Dining deals. Until another credit card offers a greater than 1.5% cashback across all categories without a time frame, this is the card I am sticking to now.

HSBC Advance Credit Card / HSBC Bank Singapore

This is a good cashback credit card for those who have high spending amount every month

I am a low spender hence it may not be easy for me to clock $500 monthly expenditure on credit cards but this is actually a good cashback card at 2.5%, especially where you spend above $2,000. Otherwise, other cards will be a better alternative to this for smaller purchases. This is a good cashback credit card for those who have high spending amount every month. My father uses it to pay for insurance premium as it gives cashback for insurance premium too.

HSBC Advance Credit Card / HSBC Bank Singapore

When I signed up for this card I got $100 vouchers for it

I only just recently purchased this card. There are a lot of rebates features that come with the card, some I am still getting familiar with which I can use to offset my next purchases. When I signed up for this card I got $100 vouchers for it. However there are yet still a lot of promotions going on for this card.

HSBC Advance Credit Card / HSBC Bank Singapore

Recommending Forums

If I pay my school fees through HSBC Advance credit card, do I earn cashback? if I charge my University fees (SIM) to it?

HSBC Advance Credit Card

Would I earn a cashback on my HSBC Advance credit card if I charge my University fees to it?

HSBC Advance Credit Card

Related Forums

What is the cheapest sim only plan in Singapore that provides data, calls and SMS?

What skills should I have to be a good investor?

What are investments in Singapore that would provide guaranteed principal and returns?

Which University Majors in Singapore has the highest return on Investments?

What exactly does liquidation do for me and why would I ever consider?

What will happen if a foreigner borrows money from unlicensed money lenders?

Related Reviews

Fantastic Rewards

A 5% cash rebate on fuel purchases and a 16% instant discount is a great deal for me I must say, the HSBC VISA Platinum Credit Card indeed makes driving more fun for me as i always look forward to the 16% instant discount plus 5% cash rebate on all fuel spend at Caltex and Shell stations

HSBC VISA Platinum Credit Card

Customer care service at top notch

This is my first credit card and I was pleased with the process as the application was absolutely stress free and smooth with customer care service at top notch. I actually felt taken care of and it appeared I could rely on customer care service for virtually any issue. Plus they have a simple tracking system of cashback rewards, with a good App and web UI/UX.

American Express True Cashback Card / American Express International

American Express Personal Card membership rewards points do not expire

First of all, unlike other loyalty programmes, the American Express Personal Card membership rewards points do not expire. Furthermore, with no restriction on the number of points you can stand to accumulate, you just need to choose the reward you want and you'll have time to get it, pretty much the skies can be your limit as you can use the points the way you want from redeeming shopping, travel and entertainment rewards to offsetting purchases made on your Card.

American Express Personal Card / American Express International

Protection of up to 90 days for online purchases

The delivered on the promise of purchase Protection of up to 90 days when ensured reimbursement on an eligible online purchases I made with my Amex Express Gold Card. Irrespective where you buy online or shopping at the local supermarket, their Purchase Protection offers repair, replacement or reimbursement on eligible purchases made with the Card, that has been damaged or stolen within 90 days of purchase.

American Express Gold Card / American Express International

Earn rebates in the form of cash rebates and LinkPoints by shopping at NTUC

Even as the OCBC Plus! Visa is not a cashback card, thus there is no cap, or "maximum" cash back, you get to still earn rebates in the form of cash rebates and LinkPoints by shopping at NTUC. However do note that there is a minimum spend of $500 in places outside NTUC before the full range of rebates and LinkPoints can be unlocked.

OCBC Plus! VISA Credit Card / Oversea-Chinese Banking Corporation

Earn up to 1% rebate on your purchase

If you target to spend on major event tickets and high price items with the plan to split by instalment then this card is for you. However I notice that if you have an existing OCBC saving account, it makes bill payments much more seamless. And aside from being able to split payment into monthly instalments interest free, you can earn up to 1% rebate on your purchase. Only few cards in the market that allow auto convert spending into interest free instalment and still be entitled to 0.5% or 1% cash rebate.

OCBC Cashflo Credit Card / Oversea-Chinese Banking Corporation