The HSBC Gold Mastercard credit card is one of the most popular cards on the market. But is it really worth it? In this article, we’ll take an honest look at the benefits and drawbacks of this card so that you can decide for yourself if it’s the right one for you.
HSBC Gold Mastercard Credit Card Review
The HSBC Gold Mastercard is a great credit card for those who are looking for a way to build their credit. The card has a low annual fee and a reasonable APR, which make it a good choice for those who are trying to responsibly manage their finances. The biggest downside of the HSBC Gold Mastercard is that it does not offer any rewards or cash back, which can be a turnoff for some consumers. Overall, the HSBC Gold Mastercard is a solid option for those who are looking for a basic credit card with no frills.
Pros and Cons of the HSBC Gold Mastercard Credit Card
There are a lot of credit cards out there, and it can be hard to know which one is right for you. If you’re considering the HSBC Gold Mastercard, here’s an honest review of the pros and cons to help you make a decision.
Pros:
– No annual fee
– 0% APR on purchases and balance transfers for the first 18 months
– Earn 3% cash back on gas and groceries
– Complimentary ShopRunner membership for free 2-day shipping at over 100 online stores
Cons:
– Foreign transaction fee of 3%
– Minimum credit limit of $5,000
– Cash advance fee of either $10 or 5% of the amount of the cash advance, whichever is greater
How does the HSBC Gold Mastercard Credit Card compare to Other Cards?
There are a lot of different credit cards out there, and it can be hard to decide which one is right for you. If you’re looking for a gold card, the HSBC Gold Mastercard Credit Card is a great option. Here’s how it compares to other gold cards on the market.
The HSBC Gold Mastercard Credit Card has an annual fee of $95, which is lower than the average gold card annual fee of $120. It also has a lower interest rate than most gold cards, making it a good choice for people who carry a balance on their credit card. The card also comes with a 0% introductory APR on purchases and balance transfers for the first 12 months, which can save you a lot of money if you’re planning on making a big purchase or transferring a balance from another card.
One downside of the HSBC Gold Mastercard Credit Card is that it doesn’t offer any rewards or cash back. So if you’re looking for a card that will help you earn rewards points or cash back on your purchases, this isn’t the best option. However, if you’re looking for a low-cost gold card with no annual fee and a low interest rate, the HSBC Gold Mastercard Credit Card is
Conclusion
If you are looking for a credit card with no annual fee, the HSBC Gold Mastercard might be a good option for you. However, you need to keep in mind that this card does have a high interest rate and late payment fees. If you are not careful with your spending, you could end up paying more in interest and fees than you would with a different credit card.