HSBC Gold Mastercard Credit Card

HSBC Gold Mastercard Credit Card Review

This is a card issued by HSBC Bank USA. If you're wondering whether HSBC credit card is the right card for you, read on.

Key Takeaways

• 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 4% on balance transfers. For example, a balance of $1,000 could cost $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 Auto Rental Collision Damage Waiver, access to a concierge, emergency support, identity theft protection, travel accident insurance, and fraud protection.
• Good or better credit required. You will have low approval odds if your credit score is below 670.

Pros & Cons of HSBC credit card

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. Potentially 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. There is then a variable purchase APR that ranges from 12.99% up to 22.99%. No annual fee. Multiple credit card perks. Offers Auto Rental Collision Damage Waiver. Access to a concierge. Free access to your credit score. Identity Theft Protection. Travel accident insurance. 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. You need good credit to qualify. 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

HSBC credit card FAQ

Does HSBC credit card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the HSBC credit card benefits?

It provides the following benefits:

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

What are the relevant APRs for HSBC credit card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. This card has lower than average regular 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 credit card?

The following fees apply:

HSBC credit card Fees

Fees	Amount
Annual Fee	$0
Overlimit Fee	$
Initial Program Fee	$
Foreign Transaction Fee	0%
Returned Payment Fee	Starting at $ up to $39
Late Payment Fee	Starting at up to $39

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost card.

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 credit card

• Visit the HSBC 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.