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% APR balance transfer intro rate. Offers an introductory 0% APR rate on balance transfers for up to 18 months, which is longer than the average 0% APR period of 12 months.
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 18 months.
• Competitive APRs. HSBC Gold Mastercard Credit Card has a variable purchase APR that ranges from 12.99% up to 22.99%.
• No annual fee*. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
• 4% Balance transfer fee. HSBC Gold Mastercard Credit Card charges a fee of up to 4% on balance transfers. For example, a balance of $1,000 could cost up to $40 in transfer fees. The minimum fee is $10.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Multiple credit card benefits. Includes generous credit card perks, such as access to a concierge, 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. 0% APR balance transfer intro rate on balance transfers for up to 18 months. 0% APR on new purchases during the first 18 months. No annual fee. Multiple credit card perks. Access to a concierge. No foreign transaction fee. HSBC Gold Mastercard Credit Card reports to multiple credit bureaus.

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. Charges a 4% balance transfer fee.

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:

• 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 12.99% up to 22.99%. The card has a variable balance transfer APR that ranges from 12.99% up to 22.99%. It also has a variable cash advance APR of 24.99% .

What are the fees for HSBC Gold Mastercard Credit Card?

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%
Returned Payment Fee	up to $39
Late Payment Fee	up to $39

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

Yes, 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 may help improve your credit.

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