Credit cards in Singapore in 2019!

APR

Effective Rate: 25.9% per annum (minimum)

Requirements

For HSBC Advance Credit Card:

All applicants must be at least 21 years of age;

For Singaporeans and Permanent Residents, a minimum annual income of S$30,000 is required;

For foreigners, a minimum annual income of S$40,000 is required;

If you do not meet the above income requirements, a minimum Fixed Deposit Collateral of S$10,000 is required;

For HSBC Advance Banking:

Have a salary crediting or re-occurring deposit of at least S$3,500 per month AND have applied for or hold a HSBC credit card.

Required documents

For salaried employees for Singaporeans/PRs:

A photocopy of the front and back of your National Registration Identity Card (NRIC); and Income document(s):

A copy of your eCPF statement contribution submitted online (Note that a SingPass login is required); OR

Latest 3 months' computerised payslip; OR

Latest Notice of Assessment with latest 1 month's computerised payslip;

For self-employed and commission-based earners for Singaporeans/PRs:

A photocopy of the front and back of your NRIC; and

Last 2 years' Notice of Assessment;

For foreigners:

A photocopy of the front and back of your passport; and

A photocopy of the front and back of your employment pass with at least six month's validity at the time of application; and

Latest 3 months' computerised payslips OR latest Notice of Assessment with latest 1 month's computerised payslip.

Registration number

201420624K

Important

Annual Fee
For customers with Advance Banking Relationship, the annual fee is waived from the date the HSBC Advance credit card is issued until such time as notified by HSBC at its discretion.
For customers without an Advance Banking Relationship, the annual fee is waived for the first year from the date the HSBC Advance credit card is issued. To qualify for the subsequent annual fee waiver, a minimum annual spending of S$12,500 must be made on your HSBC Advance credit card account.
Credit limit
The credit limit will be subject to the Bank's review and approval. For individuals with annual income between S$30,000 and S$120,000, your aggregate credit limit with HSBC for all unsecured facilities will be capped at four times your monthly income as indicated in the income documents that you submit.
Finance charge
Minimum Charge: S$2.50.
Minimum payment
The minimum payment is 3% of your outstanding balance or S$50, whichever is greater.

Benefits

With no minimum spend required, enjoy up to 3.5% Cash Back on all your purchases.

Exclusively for HSBC Advance banking customers: Additional 1% Cash Back, Perpetual annual fee waiver on HSBC Advance primary and supplementary credit card.

Get up to S$250 worth of cash rebate* when you refer your family and friends to HSBC Credit Cards.

One-time promotional rate of 1.68% p.a. for 6 months on cards balance transfer.

Card Balance Conversion Plan.

and more.

Office hours

Mon - Fri 9:30am - 5:00pm
Sat 9:30am - 12:00pm

Additional information

Phone: 1800-HSBC NOW (4722 669)
Email: direct@hsbc.com.sg