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HSBC Gold Mastercard® credit card review

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This card offers a market-leading intro APR on purchases and balance transfers.

  • Get this card if you want a superb intro APR on purchases and balance transfers.
  • Pick something else if you want rewards.
  • Apply with a good to excellent credit score of 700 to 850.

$0

Annual fee

0%

Intro Purchase APR

for the first 18 months (then 12.49%, 16.49%, or 20.49% variable)

0%

Intro Balance Transfer

for the first 18 months (then 12.49%, 16.49%, or 20.49% variable)

12.49%, 16.49%, or 20.49%

Balance Transfer APR (variable)

Details

Product NameHSBC Gold Mastercard® credit card
Card typeMastercard
Annual fee$0
Purchase APR0% intro for the first 18 months (then 12.49%, 16.49%, or 20.49% variable)
Balance transfer APR0% intro for the first 18 months (then 12.49%, 16.49%, or 20.49% variable)
Balance transfer fee$10 or 4% of the transaction, whichever is greater
Cash advance rate26.49% variable
Cash advance fee$10 or 5% of the cash advance amount, whichever is greater
Foreign transaction feeNone
Interest free periodUp to 25 days
Late payment feeUp to $37
Returned payment feeUp to $25
Additional cardholder fee$0

Expert review

Kevin Joey Chen

Review by


Kevin Joey Chen is a credit cards, banking and investments writer whose work and analysis have appeared on CNN, U.S. News & World Report, Lifehacker and CreditCards.com. He's passionate about helping you get your finances in order and expertly navigate the cutting-edge financial tools available -- including credit cards, apps and budgeting software.

Expert review

The HSBC Gold Mastercard® credit card offers several benefits that give similar credit cards a run for their money. With no annual fee and a low introductory rate, you’ll get the chance to save on your purchases and balances you decide to transfer.

Another balance transfer credit card

Citi Simplicity® Card

  • No late fees, no penalty rate, and no annual fee... ever
  • 0% intro APR on balance transfers for 21 months from date of first transfer. All transfers must be completed in first 4 months. After that, the variable APR will be 16.24% - 26.24%, based on your creditworthiness.
  • 0% intro APR on purchases for 12 months from date of account opening. After that, the variable APR will be 16.24% - 26.24%, based on your creditworthiness.
  • If you transfer a balance with this offer, after your 0% Intro purchase APR expires, both new purchases and unpaid purchase balances will automatically accrue interest until all balances, including your transferred balances, are paid in full
  • There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater.
  • The standard variable APR for Citi Flex Plan is 16.24% - 26.24%, based on your creditworthiness. Citi Flex Plan offers are made available at Citi's discretion.
  • Stay protected with Citi® Quick Lock and $0 liability on unauthorized charges
Read less
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The perks

  • Annual fee: None.
    Use the card as much or as little as you want without worrying about an annual fee. This is a good perk when combined with the card’s intro APR.
  • Intro APR: On purchases and balance transfers.
    Enjoy a 0% intro APR on purchases and balance transfers for 18 months following your account opening. After, you’ll receive a variable APR of 12.49% to 20.49% depending on your creditworthiness. This is a strong intro APR.
  • Cardholder-friendly policies.
    HSBC waives one late fee each year. If you happen to pay late, you won’t receive a penalty rate. You also won’t pay to get additional cards for authorized users. Late fees are widespread among card providers, making this a great deal.

You’ll also like …

  • Potentially low APR.
    Depending on your credit, you may qualify for an ongoing purchase and balance transfer APR as low as 12.49% variable. This is a relatively low rate given the average credit card APR is around 16%.
  • No foreign transaction fees.
    Providers typically charge a 3% foreign transaction fee, especially for cards without travel rewards. Use your HSBC Gold Mastercard® credit card abroad and at foreign websites without incurring a fee.
  • Shopping and travel benefits.
    Get access to MasterAssist travel planning, roadside assistance, rental car insurance and travel accident insurance. Also, enjoy extended warranties, purchase protection and price protection when shopping.

What to watch out for

  • Potentially high APR.
    Depending on your credit, you could see a purchase and balance transfer APR as high as 20.49% variable. This is higher than the average credit card APR of around 16%.

Compare intro APR credit cards

Name Product Purchase APR Balance transfer APR Annual fee Filter values
Citi Simplicity® Card
0% intro for the first 12 months (then 16.24% to 26.24% variable)
0% intro for the first 21 months (then 16.24% to 26.24% variable)
$0
Enjoy one of the longest intro APRs on balance transfers, no late fees, no penalty rate and no annual fee.
Blue Cash Everyday® Card from American Express
0% intro for the first 15 months (then 14.49% to 25.49% variable)
0% intro for the first 15 months (then 14.49% to 25.49% variable)
$0
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & fees
Citi Rewards+℠ Card
0% intro for the first 15 months (then 14.99% to 24.99% variable)
0% intro for the first 15 months (then 14.99% to 24.99% variable)
$0
Earn rewards and enjoy a long intro APR period on purchases and balance transfers.
Capital One® Quicksilver® Cash Rewards Credit Card
0% intro for the first 15 months (then 15.49%, 21.49% or 25.49% variable)
0% intro for the first 15 months (then 15.49%, 21.49% or 25.49% variable)
$0
Earn unlimited 1.5% cash back on every purchase, every day.
American Express Cash Magnet® Card
0% intro for the first 15 months (then 14.49% to 25.49% variable)
0% intro for the first 15 months (then 14.49% to 25.49% variable)
$0
Unlimited 1.5% cash back. Rates & fees

Compare up to 4 providers

What should I know before I apply?

To apply for the HSBC Gold Mastercard® credit card, you must be at least 18 years old.

Information you’ll need

  • Full name and contact information.
  • Residential status.
  • Annual income and employment information.
  • Social Security number, date of birth and mother’s maiden name.

What credit score do I need?

You’ll have a better chance of approval for the HSBC Gold Mastercard® credit card if you apply with a good to excellent credit score of 700 or higher. A better credit score can also secure you a higher credit limit and a lower APR.

What do customers say about the HSBC Gold Mastercard® credit card?

HSBC Bank USA, National Association is not accredited by the Better Business Bureau (BBB). It currently has an F rating from the agency due to its failure to respond to 10 customer complaints. The company currently has over 100 complaints; however, according to the BBB, most of these have been answered or resolved.

How to apply for the HSBC Gold Mastercard® credit card

  1. Go to provider site and click Apply now.
  2. Complete the application with details like your name, contact details, annual income and Social Security number.
  3. Review and submit your application.

How long will it take to get my HSBC Gold Mastercard® credit card?

Typically, you can expect to hear back about your application within two weeks. If you’re approved, you’ll likely receive the card in the mail within seven to 10 days.

I got the card. Now what?

  • Make timely payments. Pay your card bill online at the HSBC website, where you can also enroll in autopay.
  • Avoid interest. After the close of each billing cycle, you have a grace period of 25 days to pay your purchase balance. If you do, you won’t pay interest.
  • Avoid fees. Late and returned payments come with hefty fees of up to $37. Balance transfers, cash advances and overlimit transactions also come with fees.
  • Customer service. If you have questions, call the number on the back of your card. You can also call HSBC customer service at 800-975-4722.

Bottom line

The HSBC Gold Mastercard® credit card doesn’t offer rewards or high-powered benefits. Instead, like the Citi Simplicity® Card, it aims for one stellar perk — a fantastic intro APR on purchases and balance transfers.

Want to see more 0% APR credit cards?

Frequently asked questions

Images: us.hsbc.com

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