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HSBC Gold Mastercard Review

Updated: June 23, 2021

The basics

Balance transfer details

Intro APR


Intro Period

18 months


4% or $10 whichever is greater

Annual Fee


Regular APR

13.99% - 23.99% var

Credit Score Required


Good for: Repaying high-interest and short-term debt

Our verdict

The HSBC Gold Mastercard has a lengthy 0% introductory APR at 18 months for both new purchases and balance transfers, and it’s fairly forgiving on late payments. But there’s no rewards program and the balance transfer fee is slightly higher than it is for other cards.

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Beyond the basics

  • 0% introductory APR for 18 months
  • Late fee waiver
  • No penalty APR
  • No annual fee
  • No foreign transaction fee

Purchase APR

0% for 18 months

Cash Advance APR


Penalty APR


Sign up Bonus


Foreign Transaction Fees


Late Fees

After 1 year, $39



Full review

Lender description HSBC is one of the world’s largest banks with services in wealth and personal banking, commercial banking, and global banking and markets.

Best used for

  • Paying off debt
  • Travel benefits

Pros & cons

  • 0% introductory APR for 18 months on purchases and balance transfers
  • Late fee waived once per calendar year
  • No penalty APR after late payment
  • No rewards program
  • Balance transfers only qualify for 0% introductory APR offer if posted within 60 days of account opening
  • Balance transfer fee higher than most at $10 or 4% of amount transferred, whichever is higher

Most suitable for

  • Consumers who have a tendency to make late payments
  • Consumers looking to pay down high-interest credit card debt

Card reward details The HSBC Gold Mastercard has several travel benefits including no foreign transaction fee, MasterRentalTM coverage for most rental vehicles, and Mastercard Airport ConciergeTM, which includes 15% off on Airport Meet and Greet services.

How to apply Apply online, by phone at 800-485-1794, or in person at your nearest HSBC branch. Existing HSBC customers can apply by logging into Personal Internet Banking, though balance transfers between HSBC accounts are not eligible.

Available The HSBC Gold Mastercard offer is valid nationwide.

Balance transfer example If you have a balance of $6,200 with an APR of 19% and pay $359 toward the balance each month, you would pay off your debt in 21 months with a total interest of $1,032.99. If you transferred that balance and still paid $359 each month, you’d pay off your debt before the end of the introductory offer and avoid paying interest. But there would be a balance transfer fee of $248.