The HSBC Gold Mastercard is a great choice for those who are looking for a credit card with no annual fee. It also comes with a 0% intro APR on purchases and balance transfers for the first 12 months. After that, the APR will be 14.24%, 19.24% or 24.24%, depending on your creditworthiness.
The HSBC Gold Mastercard also offers a pretty good rewards program. You’ll earn 2x points on travel and dining and 1x points on everything else. Points can be redeemed for cash back, gift cards, or travel expenses.
Overall, the HSBC Gold Mastercard is a great choice for those who are looking for a no-fee credit card with a decent rewards program.
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The Different Types of HSBC Gold Mastercards
There are four different types of HSBC Gold Mastercards: the HSBC Premier World Elite Mastercard, the HSBC Gold Mastercard, the HSBC Platinum Mastercard, and the HSBC Rewards Mastercard. Each of these cards has different benefits and costs associated with it. Here is a breakdown of each card so you can decide which one is right for you:
HSBC Premier World Elite Mastercard: This is the top-tier HSBC Gold Mastercard and comes with a number of benefits including no foreign transaction fees, a $100 annual travel credit, and concierge service. There is also a $495 annual fee associated with this card.
HSBC Gold Mastercard: This card has many of the same benefits as the Premier World Elite Mastercard but does not come with the $100 annual travel credit or concierge service. There is also a lower annual fee of $45 associated with this card.
HSBC Platinum Mastercard: This card has a few less benefits than the other two cards but still comes with some perks like no foreign transaction fees and a $50 annual travel credit. The annual fee for this card is $25.
HSBC Rewards Mastercard: This card is geared towards people who want
Pros and Cons of the HSBC Gold Mastercard
The HSBC Gold Mastercard is a great option for those who are looking for a rewards credit card with no annual fee. However, there are some things to consider before you apply for this card. Here are some pros and cons of the HSBC Gold Mastercard:
Pros:
• No annual fee
• Earn 2x points on travel and dining expenses
• 1x points on all other purchases
• Points can be redeemed for cash back, gift cards, or travel expenses
• Complimentary 24/7 concierge service
• $0 foreign transaction fees
Cons:
• Annual fee after the first year
• 3% balance transfer fee
• Minimum redemption amount of 2,500 points
What Are the Costs of the HSBC Gold Mastercard?
The HSBC Gold Mastercard comes with an annual fee of $95. There is also a foreign transaction fee of 3% and a balance transfer fee of either $5 or 3% of the amount being transferred, whichever is greater. Cash advances come with a fee of either $10 or 5% of the amount being withdrawn, whichever is greater.
How to Use the HSBC Gold Mastercard?
The HSBC Gold Mastercard is a great way to save money on your credit card purchases. Here are some tips on how to use it:
1. Use the card for all of your credit card purchases.
2. Pay your balance in full each month to avoid interest charges.
3. Use the card’s rewards program to earn cash back or points on your purchases.
4. Take advantage of the card’s 0% intro APR period to save on interest charges.
5. Keep your account in good standing by making timely payments and maintaining a good credit score.
Alternatives to the HSBC Gold Mastercard
When it comes to credit cards, there are a lot of different options out there. If you’re looking for an alternative to the HSBC Gold Mastercard, here are a few other options to consider.
The Citi® Double Cash Card is a great option for those who want to earn cash back on their purchases. With this card, you’ll earn 2% cash back on all your purchases – 1% when you buy, and 1% when you pay your bill. There’s no annual fee with this card, making it a great option for budget-minded consumers.
If you’re looking for a travel rewards credit card, the Chase Sapphire Preferred® Card is a great option. With this card, you’ll earn 2x points on all travel and dining purchases, and 1x points on all other purchases. You can also redeem your points for travel through Chase Ultimate Rewards®, making it easy to get the most value out of your rewards. There’s an annual fee of $95 with this card, but it’s waived the first year.
For those who want to earn rewards with every purchase, the American Express® Blue Cash Everyday® Card is a great option. With this card, you’ll earn 3
Conclusion
The HSBC Gold Mastercard is a great option for those looking for a rewards credit card with no annual fee. While the card does have a high APR, the ability to earn points on every purchase makes it a good choice for those who spend a lot on their credit card each month. Be sure to consider all of the costs associated with the card before you apply, as well as your own spending habits, to ensure that the HSBC Gold Mastercard is the right choice for you.