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HSBC Credit Cards in Singapore – MoneySmart’s Recommended Top 3 Cards

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HSBC Credit Cards may not have the recognition that a lot of the local banks do, but that doesn’t mean that they are anywhere near lousy.

So, apart from going to a credit card comparison site, you’re going to be spending a lot of time figuring out what works best for you. Here, we look at the top HSBC credit cards in Singapore:

 

1. For the Cashback Junkie – HSBC Visa Platinum Card

HSBC Visa Platinum Card

 

Easily the most popular HSBC credit card, the HSBC Visa Platinum Credit Card is a great all round lifestyle card with cashback offers on petrol, grocery shopping and dining.

Age requirements: 21 years and above

Min. Income: For Singaporeans and PRs, minimum annual income of S$30,000. For foreigners, minimum annual income to qualify is S$40,000.

Annual Fee: $180.00 (inclusive of GST). The card comes with a 2 year annual fee waiver.

Cashback Offers: One of the key highlights of the card is its petrol discounts, which gets you up to 5% cash rebates plus an instant 14% discount at all Caltex and Shell stations.

Other Benefits: Up to 5% cash rebate on grocery spend and 2% cash rebate on dining.

What You Can Get With a Monthly Spend of $1,500: 

HSBC-table

 

Who This Is Good For: If you’re looking for a decent lifestyle card and tend to pump petrol at Caltex or Shell, this is a great card to get. The grocery rebates are also very attractive for families using this card as a general use card for collective spending.

If you are interested in the HSBC Visa Platinum Credit Card, you can easily apply here.

 

2. For Lifestyle Rewards – HSBC Revolution Credit Card

HSBC Revolution Card

 

The HSBC Revolution Credit Card is a card that combines a rewards program with a multitude of lifestyle discounts such as discounts on flight bookings, petrol spend and movie tickets.

Age requirements: 21 years and above

Min. Income: For Singaporeans and PRs, minimum annual income of S$30,000. For foreigners, minimum annual income to qualify is S$40,000.

Annual Fee: $180.00 (inclusive of GST). The card also comes with a 2 year annual fee waiver.

Points Accrual Rate: $1 = 1 Rewards point. 5X points rewards kick in with online, dining and entertainment spend, which includes a whole host of local nightspots and bars.

Other Benefits: 9% off bookings on hotels, land packages, tours and attractions and 6% cash rebate on your other travel bookings. The HSBC Movie Card provides discounted rates on a block purchase of 10 tickets, with varying discounts for weekday and weekend movie tickets.

What You Can Get With a Monthly Spend of $1,500: With 5X Rewards, you get 7,500 points which can get you:

  • 3 Golden Village Movie Passes
  • $20 Dining voucher
  • $20 Department store voucher valid at Isetan, Robinsons, Metro and Tangs

Who This Is Good For: If catching the latest blockbuster on the weekend, or hanging out at a bar with friends is your relaxation activity of choice, this is a great card for accumulating rewards points. 5X rewards on online shopping is a great way to maximise rewards accrual on your purchases too.

If you are interested in the HSBC Revolution Credit Card, you can easily apply here.

 

3. For Luxury Travellers – HSBC Visa Infinite Card

HSBC-infinite

 

Ok, so the HSBC Visa Infinite Card is an invite-card, which probably means you’re going to have to be earning a bit more than the average joe. However, the card does offer a slew of travel benefits, especially for people who do travel for business rather often.

Miles Accrual Rate: For the first year, $1 = 1 mile (local spend) and $1 = 2 miles (overseas spend). For the second year onwards, $1 = up to 1.5 miles (local spend) and $1 = up to 2.5 miles (overseas spend) based on total annual spend in the first year.

Other Benefits: Enjoy a sign up bonus of 30,000 air miles, as well as one-way limousine transfers to the airport, access to over 600 VIP lounges and expedited immigration clearance at major airports within Asia.

Who This Is Good For: Clearly, this is not a travel card for leisurely travellers, but for people travelling regularly for business trips who don’t want to deal with the variety of hassles that come with travelling, this is a card that aims to make that travel experience slightly easier. With travel insurance coverage of up to $2 million as well, the card aims to take care of all your peripheral travel needs.

If you are interested in the HSBC Infinite Visa Card, you can apply here.

Which is your favourite HSBC card? Share your thoughts here with us!

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The post HSBC Credit Cards in Singapore - MoneySmart's Recommended Top 3 Cards appeared first on the MoneySmart blog.

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