HSBC Gold Mastercard review | finder.com

HSBC Gold Mastercard® credit card review – December 2018

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

HSBC Gold Mastercard® credit card Learn more Apply now

Don't worry, clicking "Apply now" won't leave a mark on your credit report. It may only appear on your report after you submit an application.

What happens when I click Apply now?
  • Clicking Apply now will take you to your online application on the bank's website. You do not need to be an existing customer of this bank to apply.
  • Your application will typically take you no more than 10-15 minutes to complete
  • Once approved, you will typically receive your credit card within 1-2 weeks
Click here to start your application >>

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

30-second take

  • 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 670 to 850.
Product NameHSBC Gold Mastercard® credit card
Card TypeMastercard
Annual Fee$0
APR (Annual Percentage Rate) for Purchases12.99%, 16.99% or 20.99% variable
Introductory Purchase APR0% for the first 18 months (then 12.99%, 16.99% or 20.99% variable)
Introductory Balance Transfer APR 0% for the first 18 months (then 12.99%, 16.99% or 20.99% variable)
Balance Transfer Fee$10 or 4% of the transaction, whichever is greater
Cash Advance Rate26.99% variable
Foreign Transaction FeeNone
Cash Advance Fee$10 or 4% of the cash advance amount, whichever is greater
Interest Free PeriodUp to 25 days
Late Payment FeeUp to $37
Returned Payment FeeUp to $25
Additional Cardholder Fee$0
Rates & FeesRates & Fees
Minimum Age18 years of age


The basics

The HSBC Gold Mastercard® credit card offers several benefits that give similar simple credit products 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 any existing balances you decide to transfer.

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 0% APR on purchases and balance transfers for 18 months following your account opening. After, you’ll receive a variable APR of 12.99%, 16.99% or 20.99% depending on your creditworthiness.

    This is a top-notch intro APR. There are very few cards that offer a 0% intro APR for up to 21 months, and this one comes very close.

  • 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. The penalty APR is also more common than it may seem, and can often be as high as 29.99% variable.

You’ll also like …

  • Potentially low APR.

    Depending on you credit, you may qualify for an ongoing purchase and balance transfer APR as low as 12.99% 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 20.99% variable. This is higher than the average credit card APR of around 16%.

Apply now

Consider other cards if …

  • You want the longest intro APR period on balance transfers.

    The Citi Simplicity® Card is the undisputed winner. It offers a 0% intro APR on balance transfers for 21 months on requests completed within the first four months of your account opening. After that, your APR will be 15.99% to 25.99% variable.

    The trade-off is a merely solid intro APR period on purchases. You’ll receive a 0% APR on purchases for the first 12 months of card membership. After that, your APR will be 15.99% to 25.99% variable.

  • You want an even longer intro APR period on purchases.

    Look into the U.S. Bank Visa® Platinum Card. It offers a 0% intro APR on purchases and balance transfers for an outstanding 20 billing cycles. After that, your APR will be 11.99% to 23.99% variable.

  • You want an intro APR and rewards.

    Discover it® Cash Back offers elevated cash back in rotating categories. It also offers a 0% intro APR for 14 months on purchases and balance transfers — after that, you’ll have a variable APR of 13.99% to 24.99%.

    The Chase Freedom Unlimited® is another great choice, offering 1.5% cash back on all purchases. On top of that, it offers a 0% intro APR on purchases and balance transfers for 15 months. After the intro period ends, a variable APR of 16.99% to 25.74% applies.

Compare low intro APR credit cards

Name Product Introductory Purchase APR Intro APR for Balance Transfer APR (Annual Percentage Rate) for Purchases
0% for the first 15 months (then 16.99% to 25.74% variable)
0% for the first 15 months (then 16.99% to 25.74% variable)
16.99% to 25.74% variable
0% intro APR for 15 months from account opening on purchases and balance transfers.
0% for the first 15 months (then 16.99% to 25.74% variable)
0% for the first 15 months (then 16.99% to 25.74% variable)
16.99% to 25.74% variable
0% intro APR for 15 months from account opening on purchases and balance transfers.
0% for the first 15 months (then 14.99% to 25.99% variable)
0% for the first 15 months (then 14.99% to 25.99% variable)
14.99% to 25.99% variable
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & Fees
0% for the first 15 months (then 14.99% to 25.99% variable)
0% for the first 15 months (then 14.99% to 25.99% variable)
14.99% to 25.99% variable
Earn up to $250 back. Earn $150 back after you spend $1,000 or more in purchases with your new card within the first 3 months of card membership. Plus, earn an additional $100 back after you spend an additional $6,500 in purchases within your first 12 months. Rates & Fees
0% for the first 12 months (then 14.99% to 25.99% variable)
0% for the first 12 months (then 14.99% to 25.99% variable)
14.99% to 25.99% variable
Earn $200 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & Fees
0% for the first 15 billing cycles (then 13.99% variable)
13.99% variable
A low, variable APR on purchases, balance transfers and cash advances.
0% for the first 18 months (then 12.99%, 16.99% or 20.99% variable)
0% for the first 18 months (then 12.99%, 16.99% or 20.99% variable)
12.99%, 16.99% or 20.99% variable
An 18 months 0%% Intro APR period on both purchases and balance transfers, plus zero foreign transaction fees, makes this is a strong well-rounded card. See Rates and Fees
0% for the first 15 months (then 14.99%, 18.99% or 24.99% variable)
14.99%, 18.99% or 24.99% variable
Earn unlimited 1.5% cash rewards on purchases. See Rates and 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 670 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. Visit HSBC’s 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 7 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 1-800-975-4722.

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.

Apply now
Want to see more 0% APR credit cards?

Frequently asked questions

Images: us.hsbc.com

Kevin Joey Chen

Kevin Chen is a world-travelin', copy-writin', Game of Thrones-watchin' credit cards writer for finder.com. When he's not crunching the numbers on bonus points and comparing APRs, you can find him flying around the world in search of the perfect beer.

Was this content helpful to you? No  Yes

US Credit Card Offers

Important Information*
Deserve® Classic Card
Deserve® Classic Card

APR

24.49
variable

Annual fee

0 For the first year
More info
Luxury Card Mastercard® Gold Card™
Luxury Card Mastercard® Gold Card™

APR

16.74
variable

Annual fee

995 For the first year
More info
First Access Visa Card®
First Access Visa Card®

APR

29.99
variable

Annual fee

75 For the first year
More info
Indigo® Platinum Mastercard® Credit Card
Indigo® Platinum Mastercard® Credit Card

APR

23.9
variable

Annual fee

75 For the first year
More info

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site