Mastercard® Gold Card™ Review

HSBC is no longer accepting applications for its Gold Mastercard®.

By Hanna Volkava
Updated December 01, 2023
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The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired.

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All benefits

  • Travel
    • No Foreign Transaction Fees:
    • There are no added costs when using your card to make purchases in a foreign country.
    • MasterRentalTM Coverage:
    • Provides protection for physical damage and theft to most rental vehicles.
    • Mastercard Airport Concierge™:
    • Enjoy a 15% savings on Airport Meet and Greet services. Arrange for a personal, dedicated Meet and Greet agent to escort you through the airport on departure, arrival or any connecting flights at over 450 destinations worldwide.

Rate and fee information

  • Purchase Intro APR
    • 0% Introductory APR will apply for the first 18 months from Account opening
  • Purchase APR
    • 12.99% - 22.99% Variable
  • Intro Balance Transfer APR
    • 0% Introductory APR will apply for the first 18 months from Account opening
  • Balance Transfers APR
    • 12.99% - 22.99% Variable
  • APR for Cash Advances
    • 24.99% Variable
  • How to Avoid Paying Interest
    • Your due date is at least 25 days after the close of each billing cycle. Your Account has a grace period on purchases. You will not be charged interest on new purchases if you pay your previous non-promotional balance, including fees and finance charges, by the due date each month.


  • Annual Fee
    • $0
  • Fees for Balance Transfer
    • Either $10 or 4%, whichever is greater, will apply on each balance transfer
  • Fees for Cash Advances
    • Either $10 or 5%, whichever is greater, will apply on each cash advance transaction
  • Return Payment
    • Up to $39
  • Late Payment
    • $0 for first missed payment within a 12 month calendar year. After that, up to $39
View all Rates & Fees

Pros & Cons

  • 0% Intro APR for the first 18 months on balance transfers and purchases
  • No Annual Fee
  • No Foreign Transaction Fee
  • No penalty APR
  • Late fee waiver
  • Zero Liability Policy
  • No rewards
  • High balance transfer fee


  • 0% Intro APR
  • Low interest
  • No Annual Fee
  • No foreign transaction fees
  • Payment Flexibility
  • Fraud Protection
  • Purchase Protection
  • Extended Warranty Protection
  • Travel
  • Airline
  • Auto Rental Insurance
  • Good Credit
  • Excellent Credit

About the issuer

HSBC has several card types depending on your needs.
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HSBC Gold Mastercard® Credit Card Review

This article reviews the HSBC Gold Mastercard® — the 0% APR credit card for large purchases and high-interest balance transfers.

The HSBC Gold Mastercard® offers a generous 0% introductory APR on new purchases and balance transfers, making it ideal for those looking to pay off their existing debts. This card is also low on fees — it has no annual fee, foreign transaction fees, or penalty APR for late payments.

Despite its basic benefits and the lack of extras or rewards, this card should certainly be considered by those looking for more spending power.

HSBC Gold Mastercard® from Capital One: Pros and Cons

Pros: Cons:
0% Intro APR for the first 18 months on balance transfers and purchases. After which, a variable APR of 12.99% - 22.99% will apply. No rewards. Points, miles, or cashback bonuses are not offered with this card.
No penalty APR. Your APR will not increase with late payments. High balance transfer fee. Compared to other balance transfer cards that charge 3% and lower, this card charges 4% on balance transfers.
Late fee waiver. One late payment is allowed within a 12 month calendar year.
No foreign transaction fees. There are no added costs when purchasing from a different country.
No annual fee. There is no fee for using the bank’s credit card services.
Zero Liability Policy. The cardholder is not responsible for any unauthorized charges.

Rewards System in a Nutshell

The HSBC Gold Mastercard® does not have a traditional rewards system to collect points, miles, or cash back. However, it has benefits that other balance transfer cards do not have, such as the travel and shopping benefits listed below.

Who can benefit from getting the HSBC Gold Mastercard®?

If you’re looking for an interest-free runway to pay off existing debt or finance a large purchase, the HSBC Gold Mastercard® might be the right fit for you. The credit card is designed to give you more spending power, offering you a lengthy 18-month interest-free period for you to chip away at the balance.

After the introductory period, your APR will range from 12.99% - 22.99%, based on your credit score. With excellent credit, you can qualify for the 12.99% APR — one of the lowest rates you’ll find on balance transfer cards.

Whether you want to buy appliances for your home or transfer your balance from an existing credit card, the HSBC Gold Mastercard® is ideal for helping you finance bigger purchases.

With the HSBC Gold Mastercard®, simply keep up with your payments during the introductory period to bring down your balance with as little interest as possible. Even if you’re late making a payment, this card is fairly forgiving, with late payments of up to 60 days making no impact on your APR. However, make a payment more than 60 days late during the first 18 months, and you can both jeopardize your introductory APR and incur significant interest charges.


When it comes to balance transfer fees, be careful with the higher-than-average rates of HSBC Gold Mastercard®. The 4% might not seem significant but can quickly add up on larger balances. Before applying, it might be best to check whether the higher balance transfer fee will outweigh the additional interest you’d have to pay if you stayed with your current card or used another balance transfer credit card. Keep in mind that balance transfers must be made within 60 days after account opening.

In short, HSBC Gold Mastercard® is ideal for the following individuals:

  • Those looking to transfer a balance with time to pay it off, interest-free.
  • Those with excellent credit scores who qualify for a lower APR.
  • Those who want zero-fee international travel and shopping benefits with no annual credit card fees.

In applying for the HSBC Gold Mastercard®, a good credit rating will improve your approval odds. Generally, HSBC will consider a credit score of 700 to be good and a score of beyond 750 to be excellent.

Mastercard® credit limits vary from card to card. Your exact credit limit will be determined by the issuer (HSBC Bank USA, N.A.) once you've been approved.

Are there any other benefits?

The HSBC Gold Mastercard® has travel and shopping benefits that most balance transfer cards lack.

Listed below are the travel benefits:

  • MasterRental™ Coverage for physical damage and theft of most rental vehicles
  • Mastercard Airport Concierge™ with 15% savings on Airport Meet and Greet services
  • No foreign transaction fees
  • Travel accident insurance for up to $1,000,000

These features make a world of difference for those who travel or shop often. On top of these, you’ll also receive access to Priceless™ Cities and Priceless Golf for exclusive experiences wherever you go.

Should you become a victim of identity theft, the HSBC Gold Mastercard® has Mastercard ID Theft Protection™where you can access a number of resolution services. It also features Lost and Stolen Card Reporting assistance, provided by Mastercard Global Service®, which is available around the clock, wherever you are in the world.


The HSBC Gold Mastercard® is a simple card and does its job exceptionally well.

If you’re looking for more spending power and time to pay off a large balance or looking to transfer a high-interest balance and need more time to whittle it down, this card is a straightforward way of accomplishing your goals. It’s also a good option for those who travel or make international purchases frequently.

However, if you’re more interested in earning reward points, lower balance transfer fees, or more forgiving terms, you might have to look somewhere else.


What is the customer service phone number for HSBC Gold Mastercard® Credit Card?

The customer service phone number of HSBC is 800.975.4722 or 716.841.7212 for those outside of the US.
Alternatively, you can also chat to HSBC customer service via the HSBC Mobile Banking App or Apply Business Chat® for iOS users. More details on how to get in touch can be found on their website.

How to check my application status for HSBC Gold Mastercard® Credit Card?

You can track the status of your HSBC Gold Mastercard® Credit Card application on HSBC’s website or by downloading the HSBC Bank mobile app. All you need to do is input your date of birth or phone number on the ‘Track your Credit Card’ page to see status updates for your application.
Hanna VolkavaHanna Volkava

Financial and product expert
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