“Been with HSBC for years, great bank, but their gold...” Written on: 06/01/2009 by robradcliffe (1 review written) Been with HSBC for years, great bank, but their gold credit card thing is an anomaly as every other card I have with different banks (5 in all) lets you view historical data for 6 months - but not the HSBC … Get a 15% discount on Airport Meet and Greet services. Apply. Review: HSBC Gold Credit Card The HSBC Gold Credit Card won’t enrich you with rewards treasure, but it will hide your balance from interest’s grasp for the first 18 months your account is open. It is not the bank advertisers' responsibility to ensure all posts are accurate and/or questions are answered. The HSBC Gold Mastercard is simple, but it does one thing very well. This lets you save money on purchases outside the bonus categories. Balance transfer fee still exists: A Balance Transfer Fee of either $10 or 4%, whichever is greater, will apply on each balance transfer and credit card check. Our ratings take into account the card’s rewards, fees, rates along with the card’s category. Many Americans Have Already Received Their $600 Stimulus Payments—Have You? Provides coverage against damage and theft for rented vehicles when you pay with the Gold Mastercard. This has the potential to be a very rewarding card. Compared to other balance transfer … A list of these issuers can be found on our Editorial Guidelines. After that, the variable APR will be 14.74% – 24.74%, based on your creditworthiness. If you don’t, you can lose your introductory rate and get stuck with the regular purchase APR. For example, 60,000 points are worth $750 toward travel. Your first late fee will be waived each year. Overview. Having more credit cards with open credit lines is, No Late Fees, No Penalty Rate, and No Annual Fee… Ever. For no annual fee, it provides a 0% introductory APR on purchases and balance transfers for 18 months. The Discover it® Cash Back (Review) is a popular rewards credit card. The HSBC Gold Mastercard® credit card* is highlighted by a late fee waiver once every 12 months. Just pay off your balance in full every month to prevent interest charges from accruing. No annual fee. HSBC Visa Gold Card gives you access to exclusive privileges around the world. It’s similar in some ways to the HSBC Gold Mastercard, but its intro period is a bit shorter and it offers some cash back. For those who travel occasionally, the HSBC Gold Mastercard® Credit Card has several travel features. There’s no reason why you couldn’t use both the Blue Cash Everyday and the HSBC card. The responses below are not provided or commissioned by bank advertisers. * Email. Advertiser relationships do not affect card ratings or our Editor’s Best Card Picks. From Seek Capital - Best for Balance Transfers. There's no annual fee, no foreign … Without a rewards program, the HSBC Gold Mastercard® Credit Card is primarily attractive for consumers that will make use of the balance transfer feature. Credit Card Insider has partnered with CardRatings for our coverage of credit card products. The HSBC Gold Mastercard® Credit Card is a pretty simple card, with one main attraction: it offers a 0% intro APR period for 18 months before the regular 12.99–20.99% Variable APR applies. The discounts are often around 25%, though many are even higher. Do you have the HSBC Gold Mastercard card? Don’t close this card after the intro APR runs out. However, this isn’t much of a benefit because cardholders shouldn’t be paying late in the first place. Stefan used points to fulfill his travel dream, visiting every country in the world before turning 40. There are no rewards with this card, like points or cash back. If an item has multiple warranties they can each be extended. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive compensation from the companies that advertise on the Forbes Advisor site. It means you’ll get 10% cash back in those categories during your first year, and that’s a great deal. The representative APR is 18.9% variable. The HSBC Gold Mastercard® Credit Card is the spitting image of a no-frills credit card. Compared to other balance transfer cards, this card stack up nicely. So you’ll need to have a decent credit history and financial situation to improve your odds of being approved. That will give the amount you need to pay each month to pay it off on time. There are no foreign transaction fees either. Credit Card Insider receives compensation from advertisers whose products may be mentioned on this page. Where Is My Stimulus Check? Instead, its most attractive features are the intro APR and low fees. Reasonable efforts are made to maintain accurate information, though all credit card information is presented without warranty. You might be using an unsupported or outdated browser. But HSBC only lets you see your score on your monthly statement. Credit Card Insider receives compensation from some credit card issuers as advertisers. If you already have a travel rewards card or a credit card that earns extra points on certain purchases, a flat-rate cash-back card like the HSBC Cash Rewards Mastercard is a perfect complement. Reasonable efforts are made to maintain accurate information, though all credit card information is presented without warranty. Customers focused on balance transfers have a good option here. However, where it’s lacking is the ability to earn rewards. Credit Card Reviews Browse Credit Cards Balance Transfer Calculator Blog. Are you sure you want to rest your choices? Credit Card Insider and CardRatings may receive a commission from card issuers. But it also has no annual fee, and is very forgiving when it comes to the other terms. Many other cards will let you check your score online for free whenever you’d like. Be sure to keep up on payments during that intro period. Either $10 or 4%, whichever is greater, will apply on each balance transfer and credit card check. And also some account management features. Then, you can pay off your purchase while taking advantage of an … This compensation comes from two main sources. It doesn’t have an annual fee, either. Based in Seattle and a graduate of The Wharton School, University of Pennsylvania, Stefan is fluent in Mandarin Chinese and worked in China for a decade. The card has an introductory 0% interest rate that allows consumers to transfer high-interest credit card debt from another card. The HSBC Gold Mastercard® offers a lot of benefits over its competitors in the 0% intro APR intro offer space. Some other cards may waive your first late fee, but that’s usually as good as it gets. Particularly, the low regular APR is among the lowest found in balance transfer cards. You’ll also have access to Amex Offers, where you can find discounts at a wide variety of merchants. Content is not provided or commissioned by any credit card issuers. How to apply for the HSBC Gold Mastercard® credit card. That said, our business relationships do not affect our evaluations. These are provided as guidelines only and approval is not guaranteed. Don’t underestimate the power of 18 months no interest on purchases and balance transfers. The credit card offers 0% intro rates for 18 months, whereas the average 0% cards give you 10 months for all the new purchases and 11 months for the balance transfers. This is just one scoring method and a credit card issuer may use another method when considering your application. The HSBC Gold Mastercard® Credit Card comes with additional card benefits, including: The HSBC Gold Mastercard® Credit Card is a solid balance transfer card, though it lacks the welcome bonus or rewards program of cards like the Amex EveryDay® Credit Card*and the Citi® Double Cash Card. HSBC Gold Mastercard Credit Card is a credit card issued by HSBC Bank USA. HSBC Gold Mastercard® credit card Essentials. 06/06/2019 Many or all of the companies featured provide compensation to LendEDU. DISCLAIMER: All information posted to this site was accurate at the time of its initial publication. Another exception is the Citi Simplicity® Card – No Late Fees Ever (Review), which has no late fees at all. You must charge the entire fare to your HSBC card to be eligible. We gave this card 4 out of 5 Stars because it’s a simple and inexpensive card to use. The standard variable APR for Citi Flex Plan is 14.74% – 24.74%, based on your creditworthiness. Gas Stations, Wholesale Clubs, Select Streaming Services. Low intro APR: 0% for 15 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%. The Forbes Advisor editorial team is independent and objective. Travel purchased through Chase Ultimate Rewards, $200 bonus for spending $500 in the first 3 months. Don’t take it on face value just yet—this card definitely deserves a closer look. If paying down credit card debt is your focus, the eye-catching feature of HSBC Gold Mastercard® Credit Card is the low regular APR, currently several percent lower than a number of competitor cards. If you’re looking for ways to earn points or cash back, check out our picks for the Best Cash Back Rewards Credit Cards. After that, up to $39, New Offer! The variable Cash APR applies to cash advances and overdrafts, and is … Its sole distinctive feature is an unusually long 0% APR introductory promotion that covers purchases and balance transfers. How Will Your Payment Arrive? Just click the Apply Now button to apply for this card. The Citi® Double Cash Card is one of the most rewarding cards in the market, earning a total 2% cash back on every purchase (1% when you buy + 1% when you pay for the purchases). ; No foreign transaction fee. It will be based on your Experian credit report, just like that offered by HSBC. And complimentary ShopRunner membership, which provides free two-day shipping and returns at some online retailers. The other benefits are a bit better than what you’ll get with the HSBC card. But there is some variation among cards like this. There are no foreign transaction fees here either. Disadvantages. The Late Fee Waiver once every 12 months is a nice customer-friendly feature that helps out in a pinch for customers who forget to schedule the occasional payment. Efforts have been made to keep the content up to date and accurate. Great, you can create an account later. No rewards: Some of the top intro 0% interest purchase rate credit cards let you earn rewards on your purchases, but the HSBC Gold Credit Card doesn’t have a rewards program. The HSBC Gold Mastercard is a strong card if you’re looking to transfer a balance or have any large purchases coming up. Harley-Davidson Visa Credit Card 2021 Review, Grand Reserve™ World Mastercard® 2021 Review, Emirates Skywards Premium World Elite Mastercard® 2021 Review. However, the card has a slightly higher than normal transfer fee at 4 percent (or $10, whichever is greater). HSBC Gold Credit Card Review The HSBC Gold Credit Card offers a generous 0% APR introductory offer on purchases and balance transfers. Make regular payments to pay it off on time. Founder of Every Passport Stamp, the leading Facebook group for travelers who want to go everywhere, Stefan is a member of the Circumnavigators Club and on the Board of Directors of the Travelers’ Century Club. Leave your own review of the Gold Mastercard, we’d love to hear from you! Consider aiming to pay it off one month early, just to be safe. So you can use this card outside the country without worrying about an extra fee, like many other credit cards will charge. Why you can trust this review. Its 0% introductory APR period is for 15 months, and applies to purchases before the regular 13.99% - 23.99% Variable APR applies. The HSBC Gold Mastercard® Credit Card remains, first and foremost, a balance transfer card and on that criteria, it does well. After that, the APR remains competitive depending on the cardholder’s credit. It’s based on your Experian credit report, the same as the HSBC card. © 2021 Forbes Media LLC. They may pull both. Stefan blogs at Rapid Travel Chai, dedicated to helping others take ‘trips of a lifetime’, even if they only have a weekend It’s low on fees: no annual fee, foreign transaction fee, or penalty APR. To make sure that you pay off your balance on time without accruing any interest, divide your balance by the number of months you have to pay it. Credit Card Insider has not reviewed all available credit card offers in the marketplace. Plus, each month with 20 or more transactions earns a 20% point bonus. 0% Intro APR on balance transfers for 18 months from date of first transfer. 0% Intro APR on balance transfers for 18 months made within the first 60 days of account opening (then a standard APR based on your creditworthiness – currently 13.99%-23.99%). There’s no annual fee with this card. Haven't found the right card yet? HSBC Gold; Benefits. Do You Need To Claim The Second Stimulus Check? Register for free with HSBC online banking, and you will have the option to receive account updates via email or by text. If you find an item you bought being advertised for a lesser price, you could be reimbursed for the price difference. If you’re looking for some time to pay off a large balance, this card provides over a year to do just that. You can also Earn RewardCash every time you use your Gold card. The complete lack of late fees is a very rare find. Customers looking for future rewards and travel benefits in addition to a balance transfer should consider other balance transfer cards. Do you have a correction, tip, or suggestion for a new post? It will let you review your recent transactions, which will help you keep up to date with what is coming in and out if your account. Plus, earn $100 back after you spend $1,000 in purchases on your new Card within the first 6 months. If a long-term low APR card is what you are after, the HSBC Gold Mastercard® Credit Card is a strong option to consider. Credit Card Insider has partnered with CardRatings for our coverage of credit card products. That’s about all there is to this card. These rewards can add up fast and are easily redeemed as statement credits. The HSBC Gold Mastercard® credit card comes with a lot of benefits. HSBC GOLD MASTERCARD IN-DEPTH REVIEW 2021. There are a few other minor benefits that most cards have. Opinions are of the writer alone. Covers you, your spouse or domestic partner, and dependent children. If rewards are what you are after, then these rewards cards are stronger than the HSBC Gold Mastercard® Credit Card. Earn 20% back on purchases at Amazon.com on the Card in the first 6 months, up to $200 back. If you do not plan to carry a balance long-term, then balance transfer card with rewards programs, like the Citi® Double Cash Card and Discover it® Cash Back are options to consider. There are only some basic shopping and travel protections available. Citi is a Credit Card Insider advertiser. For complete details of any products mentioned, visit bank or issuer website. After the Introductory Period, a variable Purchase APR of 13.99% to 23.99%, depending on your creditworthiness, will apply to credit card purchases; and a variable Balance Transfer APR of 13.99% to 23.99%, depending on your creditworthiness, will apply to balance transfers, for the HSBC Gold Mastercard® credit card. There aren’t a whole lot of fancy benefits with this card. It has a 0% intro APR period of 15 months for purchases before the regular 14.99% - 23.74% Variable APR kicks in. It’s also a Mastercard, so it has widespread acceptance. Use that intro period to pay down a balance over time at no extra cost. Annual fee: PHP 2,500 Interest rate: 3.50% Minimum monthly income requirement: PHP 16,667 The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our. 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hsbc gold credit card review 2021