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HSBC Gold Mastercard® credit card

Credit needed
Good/ Excellent
APR
13.99% to 23.99%
Annual Fee
$0

Card Summary

The HSBC Gold Mastercard credit cards offer an 18-month 0% APR introductory Rate on balance transfers and purchases. The variable APR ranges from 13.99% up to 23.99% depending on creditworthiness.

There is no annual fee. Foreign transaction fees are not charged. However, there may be a return fee.

Late payment fees can reach up to $39. Late payment fees will not be charged the first time that you pay. Each balance transfer is subject to a balance transfer fee, either 4% or $10. The HSBC Gold Mastercard credit cards does not have a reward program.

Card Summary - Cons

Rates and fees

Issuer Name
HSBC
Penalty APR
None
Credit Needed
Good/ Excellent
Balance Transfer Fee
$10, or 4% depending on the greater of these two options.
Annual Fee
$0
Cash Advance Fee
$10 or 5% depending on the amount.
APR
13.99% to 23.99%
Foreign Transaction Fee
N/A
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The Best Features

Annual Fee: The HSBC Gold Mastercard credit cards require an annual fee of $0

18-month 0% introductory rate: New cardholders of the HSBC Gold Mastercard card get an 18 month 0% APR introductory interest rate for new purchases and balance transfers.

After that the variable APR ranges from 13.99% to 23.99% depending on creditworthiness. Each balance transfer is subject to a balance transfer fee, either 4% or $10.

Rewards

Sign up bonus

APR Requirements

Drawbacks

There is no rewards program with the HSBC Gold Mastercard credit cards.

High interest rates: This APR is potentially high relative to other credit cards.

While those who have good credit might be eligible for a lower APR, people with poor credit could pay a higher APR.

Highlights

Late Fee Waiver.
No Foreign Transaction Fees.
There is no annual fee.
Unauthorized purchases are exempted from liability.
MasterRental Insurance.
Mastercard Airport Concierge.
Mastercard ID Theft Prevention.

Benefits of the HSBC Gold Mastercard credit cards:

Cardholders of the HSBC Gold Mastercard card receive:

Airport concierge service.
Insurance for auto rental.
Fraud protection.
Access to your FICO credit scores for free.
Protection against identity theft.

Benefits

Comparative Analysis with Other Cards

HSBC Gold Mastercard Credit card vs. Capital One Cash Rewards Credit Card

Annual Fee: The HSBC Gold Mastercard credit cards charges an annual fee $0. Annual fee for the Capital One Quicksilver Rewards Credit Card is $0.

Reward Program: The HSBC Gold Mastercard card credit card doesn't offer a reward program. Capital One Quicksilver Cash Reward Credit Card offers 1.5% cashback on all your purchases.

Sign up bonus: The HSBC Gold Mastercard card is not offering a sign up bonus. Capital One Quicksilver Cash Reward Credit Card allows you to earn $200 cash bonuses when you make purchases of $500 within three months.

Benefits: HSBC Gold Mastercard cardholders receive a waiver for rental car damage, an airport concierge service and access to their FICO credit scores.

The Capital One Quicksilver Cash Reward Credit Card offers extended warranty coverage as well as concierge and travel services, savings and emergency card replacement.

Redeeming Rewards

Maximizing Rewards

Annual Fees

Conclusion

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No late fees. Reduced interest charges. Pay off

HSBC