HSBC is promoting a Gold credit card offer in the USA. Some people may have received a mail offer with instructions to go to us.hsbc.com/gold to apply for the offer.
As currently advertised, the card comes with no annual or foreign transaction fees as well as a 0% introductory rate for 18 months for purchases and balance transfers. Regular interest rates are bracketed between 13.99% and 23.99% as of this writing, so this rate will likely depend on your credit quality.
Based on comparisons from dozens of similar Gold Cards, we feel that this new card is an excellent choice for people with good credit that are not interested in a rewards card. If your credit limit is great or excellent, you may want to consider cards with rewards such as cash back or miles.
If you are interested in applying for the HSBC Gold Card, follow these steps:
- Visit us.hsbc.com/gold or us.hsbc.com/gold
- Enter your invitation number supplied in the mailing
- Fill out the online application for credit
- Wait for a decision online. You may get a decision by mail if there are stricter security or credit decisions.
It’s exciting to see that HSBC is back in the USA, with a competitive line of cards for prime and super-prime applicants. If anything else, this will put more pressure on competing banks to step up their game.