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Last updated on November 3rd, 2021
HSBC Gold Mastercard® Credit Card
- Regular Purchase APR 13.99% to 23.99% variable based on creditworthiness and Prime Rate
- Balance Transfer APR 13.99% to 23.99% variable based on creditworthiness and Prime Rate
- Cash Advance APR 24.99% variable based on the Prime Rate
- Annual Fee None
- Intro Purchase APR 0% for the first 18 months from account opening
- Processing Network N/A
- Take advantage of 0% introductory APR for the first 18 months as a cardmember
- If your payment is late, HSBC will waive the late fee once within a 12-month calendar year
- Extended Warranty and Purchase Assurance® means you can shop with confidence
- Price protection refunds the difference if you see an item advertised for less within 60 days of purchase.
- Intro Purchase APR: 0% for the first 18 months from account opening
- Regular Purchase APR: 13.99% to 23.99% variable based on creditworthiness and Prime Rate
- Intro Balance Transfer APR: 0% for 18 months on transfers made within 60 days from account opening date
- Balance Transfer APR: 13.99% to 23.99% variable based on creditworthiness and Prime Rate
- Balance Transfer Transaction Fee: Either $10 or 4% of the amount of each transfer, whichever is greater
- Cash Advance APR: 24.99% variable based on the Prime Rate
- Cash Advance Transaction Fee: Either $10 or 5% of the amount of each transaction, whichever is greater
- Late Payment Penalty Fee: Up to $39
- Return Payment Penalty Fee: Up to $39
At a Glance
The HSBC Gold Mastercard® credit card helps cardholders get their finances in order and offers some useful travel benefits. The 0% introductory APR on purchases and balance transfers come in handy when trying to purchase a big-ticket item or pay down an existing balance.
Ideal for Those Who:
- Want 0% APR on purchases and balance transfers for 18 months
- Don’t want to pay an annual fee
- Want a card to help you finance a big-ticket purchase
- Don’t want to pay foreign transaction fees
HSBC Gold Mastercard® Credit Card Review
If a cardholder is looking for flexibility when it comes to making a large purchase or paying down a balance, they’ll surely find it with the HSBC Gold Mastercard® credit card.
The Gold Card offers an impressive 18 month 0% introductory APR on purchases and balance transfers gives them ample time to manage their finances. Keep in mind, however, that the introductory balance transfer offer only applies to those transfers made within the first 60 days from account opening – and still comes with a balance transfer fee.
Once the intro period ends, cardholders with excellent credit scores can expect a very competitive APR, on par with other low APR offers that are not rewards cards. Still, the card rates with the HSBC Gold more than make up for the inability to earn rewards on every purchase. Cardholders also don’t have to worry about an annual fee, penalty APR, nor do they have to pay any foreign transaction fees.
Mastercard Travel Perks
Traveling with the HSBC Gold Mastercard® credit card has a few benefits. Cardholders in need of pre-trip planning assistance or help with lost luggage can take advantage of MasterAssist. In the event of a car breaking down while in the U.S. Master RoadAssist® Roadside Services will help get travelers back on the road. Cardholders will also be covered by a $1 million Travel Accident Insurance policy in the event of any dire circumstances.
Should You Apply for the HSBC Gold Mastercard®?
There are few more straightforward credit cards than the HSBC Gold Mastercard®. Sure, the card offers an excellent 0% introductory APR for 18 months on both purchases and balance transfers, but beyond that, there isn’t a whole lot worth noting. The card has a competitive, low APR, but not so low that it turns heads. It also benefits from no annual fee and no penalty fees, but many comparable low APR and balance transfer cards do the exact same thing.
Overall, the HSBC Gold Mastercard® won’t turn heads, but it shouldn’t anyways. It’s a valuable, unassuming credit card that serves its cardholders well.