HSBC Gold Mastercard Credit Card Review

HSBC Gold Mastercard Credit Card is a credit card issued by HSBC Bank USA.  If you're wondering whether HSBC Gold Mastercard Credit Card is the right card for you, read on. This is everything you need to know to make a good choice.

• 0% balance transfer intro rate. Offers an introductory APR rate on balance transfers of 0% for up to 18 months , which is longer than the average 0% APR period of 12 months.
• Competitive APRs. HSBC Gold Mastercard Credit Card has a variable purchase APR of up to 20.74%.
• $0 foreign transaction fee. This card does not charge foreign transaction fees, which makes a great credit card to carry with you when traveling abroad.
• Multiple credit card benefits. Includes generous credit card perks, such as rental insurance, access to a concierge, emergency support, travel accident insurance, and fraud protection.
• Good or better credit required. You should probably try with another card if your credit score is below 670.

The Good

The Bad

No penalty APR There is a late fee waiver that allows one late payment every 12 months without a fee. No foreign transaction fees. 0% for 18 months on purchases and balance transfers. Lower than average purchase APRs. No annual fee. Has an introductory APR rate on balance transfers of 0%. Multiple credit card perks. No foreign transaction fee. HSBC Gold Mastercard Credit Card reports to multiple credit bureaus. Offers auto rental collision damage waiver. Access to a concierge. Free access to your credit score. Travel accident insurance.

No rewards. High APR if card holder does not pay off purchases or balance transfers within introductory period. Requires good to excellent credit. Does not offer a signup bonus. Does not offer rewards or cash back. You don't earn rewards on every purchase.

Is there a HSBC Gold Mastercard Credit Card cash back or rewards program?

No, HSBC Gold Mastercard Credit Card does not offer a rewards program.

What are the HSBC Gold Mastercard Credit Card benefits?

HSBC Gold Mastercard Credit Card provides the following benefits:

• Free Credit Score
• Auto Rental Collision Damage Waiver
• Emergency Support
• Zero fraud liability
• Travel Accident Insurance
• ID Theft Protection
• Reports to major credit bureaus

What are the relevant APRs for HSBC Gold Mastercard Credit Card?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. HSBC Gold Mastercard Credit Card has lower than average purchase APRs.

HSBC Gold Mastercard Credit Card has a variable purchase APR that ranges from 12.74% up to 20.74%. The card has a variable balance transfer APR that ranges from 12.74% up to 20.74%. It also has a variable cash advance APR of 26.74% .

The good news is this card does not charge a penalty APR if you are late on a payment.

What are the HSBC Gold Mastercard Credit Card fees?

The following fees apply to HSBC Gold Mastercard Credit Card:

HSBC Gold Mastercard Credit Card Fees

Fees	Amount
Annual Fee	$0
Foreign Transaction Fee	0%
Balance Transfer Fee	4%
Minimum Balance Transfer Fee	$10
Returned Payment Fee	up to $25
Late Payment Fee	up to $37

Does HSBC Gold Mastercard Credit Card report your account activity to credit bureaus?

HSBC Gold Mastercard Credit Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

How to apply for HSBC Gold Mastercard Credit Card

• Visit the HSBC Gold Mastercard Credit Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.