HSBC Gold Mastercard® credit card

Margaret Drummond  in  0% APR Advertising Disclosure
HSBC Image

Recommended Credit Score

Good to Excellent (670 - 850)

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

Apply Now On HSBC's secure website

Best for a low regular variable APR

Annual Fee:
$0
Purchase Intro APR:
0% Introductory APR on credit card purchases for the first 18 months from account opening
Balance Transfer Intro APR:
0% Introductory APR on balance transfers for the first 18 months from account opening
Regular APR:
Variable APR of 13.24%, 17.24% or 21.24% will apply after the Introductory Period
Terms and Restrictions Apply | Rates and Fees
Bankrate Score: 83 out of 100

Commonly used for: 0% APR, Excellent Credit, Good Credit, No Annual Fee.

The HSBC Gold Mastercard is a basic card that can enable users to finance a purchase or pay off debt with a relatively lengthy introductory 0% APR of 18 months.  A variable APR of 13.24%, 17.24% or  24.24% will apply after the Introductory Period.

Review

The HSBC Gold Mastercard is a run of the mill, no rewards card with a cushy 18 month 0% introductory APR period. If you’re loyal to HSBC and have good to excellent credit, this card is a fine option for paying off high interest debt with a nice bit of a runway.

One unique bonus for this card is its measured graciousness – HSBC will waive one late payment fee per year with no penalty APR.

Who should get this card

HSBC account holders may enjoy the benefit of staying close to a brand they prefer.  Particularly if you have a short-term financing need or a bit of debt that you’d like to pay off interest-free over 18 months. Consider however, that the 4% balance transfer fee is not the lowest rate going.

While the HSBC Gold Mastercard comes with some nice features, it’s pretty much just fine.  It’s not the best credit card option for most consumers. With a longer-than-average 0% introductory APR as its primary selling point, it is still mediocre compared to other cards with the same 18-month window.

Advantages
  • With no annual fee and a 0% introductory APR for 18 months, this credit card is a win for financing a large purchase or paying off debt.
  • HSBC offers an outstanding grace period for cardholders who are a bit forgetful and may be late on a payment here and there. Once a year, late payment fees are waived, and no penalty APR is applied.
Disadvantages
  • No rewards.

Fees and APR

  • No Annual Fee.
  • 0% Intro APR on purchases and balance transfers for the first 18 months from account opening. Then a variable APR of 13.24%, 17.24% or 21.24% will apply.
  • The balance transfer fee is $10 or 4% of the amount of each transfer, whichever is greater.
  • A late fee of up to $37 may apply, but the one late fee every 12 months is waived.
  • No Foreign Transaction Fee.
  • See Rates & Fees.

Extras, perks and using points

Like all Mastercard products, the HSBC Gold Mastercard includes travel benefits such as travel accident insurance, roadside assistance and lost luggage assistance.

There are shopping perks as well— the card will double a warranty on your purchases for up to an additional year, and with the price protection feature, if you find an item for a lower cost within 60 days of buying it, Mastercard will refund the difference.

There are no rewards or points structures for the HSBC Gold Mastercard.

 

Wells Fargo Platinum Visa® Card

Wells Fargo Platinum Visa® Card
  • 0% Intro APR for 18 months on purchases and balance transfers (fees apply), then a 17.74%-27.24% variable APR; balance transfers made within 120 days qualify for the intro rate and fee
  • Get up to $600 protection on your cell phone (subject to $25 deductible) against covered damage or theft when you pay your monthly cellular telephone bill with your Wells Fargo Platinum Visa® Credit Card
  • Easy access to your FICO® Credit Score with Wells Fargo Online®
  • Zero Liability protection for promptly reported unauthorized transactions
  • Convenient tools to help create a budget and manage your spending with My Money Map
  • $0 Annual Fee
  • Select "Apply Now" to learn more about the product features, terms, and conditions
Apply Now On Wells Fargo's secure website
Credit Needed

Excellent/Good

Regular APR

17.74%-27.24% (Variable)

Annual Fee

$0

Purchase Intro APR

0% for 18 months

Balance Transfers Intro APR

0% for 18 months

Chase Freedom Unlimited®

Chase Freedom Unlimited®
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 17.24-25.99%. Balance transfer fee is 3% of the amount transferred, $5 minimum
  • Unlimited 1.5% cash back on every purchase - it's automatic
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • Free credit score, updated weekly with Credit Journey℠
  • No annual fee
Apply Now On Chase's secure website
Credit Needed

Excellent/Good

Regular APR

17.24% - 25.99% Variable

Annual Fee

$0

Purchase Intro APR

0% Intro APR on Purchases for 15 months

Balance Transfers Intro APR

0% Intro APR on Balance Transfers for 15 months

The Chase Freedom Unlimited® is another lengthy introductory 0% APR card option, though slightly shorter than the HSBC Gold Mastercard at 15 months.  A major benefit, however, is that this card has a generous rewards structure to give back for your spending.

This card is probably the better option if you’re looking to finance a purchase rather than pay off debt.  With a $150 bonus reward for spending $500 or more in the first three months, plus 1.5% cash back on purchases, you’ll get far more than what HSBC Gold Mastercard offers. However, with a shorter introductory APR, it may not be the top pick for paying off debt.