Review of HSBC Platinum Mastercard



The HSBC Platinum Mastercard was last reviewed on 18th October 2005

Summary - The HSBC Platinum Mastercard is a basic platinum credit card which offers a potentially low apr to those who have good credit and also platinum features. It also has a 0% apr introductory offer for balance transfers for the first 12 months. Those looking for a low interest credit card or a credit card to transfer their balance should consider this card. Let us look at this card in greater detail.

Annual Fee and APR - The HSBC Platinum Mastercard has no annual fee. You get a 0% introductory apr for 12 months from the date of account opening. You are allowed to transfer up to 3 balances. The apr is either prime rate plus 3.74%, 6.74% or 9.74% depending on your credit profile. The average daily balance method (including new purchases) of calculating balance is used to monthly balances.

Platinum Benefits - As with most platinum credit cards, you will get the following benefits.
  • 24 hour support, toll-free customer service and online account access
  • Free online bill pay
  • Zero liability on any unauthorized purchases
  • MasterCard card global service provides worldwide, 24-hour assistance with lost and stolen cards, emergency card replacement and emergency cash advances


Conclusions - The HSBC Platinum MasterCard; hsbc platinum mastercard''> will appeal to those looking for a low interest rate credit card with platinum features. For those looking to transfer a balance, the 0% apr offer for 12 months (for up to 3 balance transfers) should be appealing as well.<BR><BR><FONT SIZE=Positives

  • No annual fee
  • Low apr for those who qualify
  • 0% apr for 12 months



HSBC Platinum Mastercard
Benefits
24 hour support, toll-free customer service and online account access
Free online bill pay
Zero liability on any unauthorized purchases
MasterCard card global service provides worldwide, 24-hour assistance with lost and stolen cards, emergency card replacement and emergency cash advances
Cost/Fees/Interest rates
Introductory rate 0% apr for 12 months
Annual Fees No annual fee
Purchase APR Prime Rate plus 3.74%, 6.74% or 9.74%
Balance Transfer APR Prime Rate plus 3.74%, 6.74% or 9.74%
Cash Advance APR Prime Rate plus 15.99%
Min Finance Charge $0.50
Grace Period 20 days
Balance Calculation Method Average Daily Balance (including new purchases)
Cash Advance Fee 3% min $5.00, max $50.00
Balance Transfer Fee 3% min $5.00, max $75.00
Over-the-credit-limit fee $35.00
Late Payment fee $15.00 - up to $100
$25.00 - $100.01-$1000
$39.00 - greater than $1000



Apply for the HSBC Platinum MasterCard; hsbc platinum mastercard''><BR><BR>If you already have this credit card, we appreciate if you can post your review of this card. This will help our readers very much. You can  <A HREF=post your review here.




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