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The HSBC Advance Mastercard earns 3X points on dining and select entertainment purchases plus 2X points on all other purchases in the first 12 months from account opening, up to the first $25,000 in purchases. We value 25,000 points (3X points minus 1X points on $25,000 spent) at $250. This is one of the highest offers from a no-annual-fee card.
The HSBC Advance Mastercard is a no-frills rewards card with a focus on dining and entertainment. You’ll earn the most points on these two categories, which you can redeem for gift cards, merchandise, travel or cash back. The Capital One SavorOne Cash Rewards card offers unlimited 3% cash back on the same two categories.
A $0 annual fee will apply for HSBC Advance Mastercard holders who have a qualifying U.S. HSBC Advance or U.S. HSBC Premier checking account relationship; otherwise a $45 annual fee will apply.
*HSBC also offers great sign-up bonuses for its Checking/Savings accounts.
CAPITAL ONE® SAVORONE® CASH REWARDS CREDIT CARD
The Capital One® SavorOne® Cash Rewards Credit Card has a $200 bonus when you spend $500 on purchases within 3 months of account opening. This card has no annual fee. The annual-fee version of this card is the Capital One® Savor® Cash Rewards Credit Card.
This SavorOne card earns unlimited 3% cash back on dining and entertainment spending. Grocery store spending earns 2% cash back. All other purchases earn 1% cash back. There are no rotating categories to worry about and the cash back won’t expire while the account is open.
HSBC Advance Mastercard 25,000 Bonus Points Offer
Earn 3X points on dining and select entertainment purchases plus 2X points on all other purchases in the first 12 months from account opening, up to the first $25,000 in purchases.
The welcome offer is worth $250 in cash back (more on that later).
What Are HSBC Rewards Program Points Worth?
Your points’ worth depends on how you use them. You can redeem your HSBC Rewards Program points for:
- Gift cards to popular restaurants, movie theaters and top retailers
- Merchandise from leading brands
- Travel booked through HSBC Rewards
- Cash back
The best use for your points is cash back, which will yield a value of $0.01 per point. That’s the average value you’ll get across different rewards cards.
Bottom Line
The HSBC Advance Mastercard is a no-frills, no-annual-fee rewards card, for those who have a qualifying U.S. HSBC Advance or U.S. HSBC Premier checking account relationship. If that’s not a limiting factor for you, then you can take advantage of the card’s rewards and lack of foreign transaction fees.
Otherwise, there are plenty of other low-cost credit cards that can match or beat what HSBC Advance Mastercard is offering.
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Disclaimer: These responses are not provided or commissioned by the bank advertiser, credit card issuer, hotel, airline or other entity. Responses have not been reviewed, approved or otherwise endorsed by any of the entities included within the post. It is not the bank advertiser's or any other entity's responsibility to ensure all posts and/or questions are answered.