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HSBC Platinum Mastercard
Application Link
None
Key Features
- Welcome offer: 18 months Purchase & Balance Transfer 0 APR
- Cash back on spending: None
- No FTF foreign transaction fee
- No annual fee
Highlights
- Extra-long 18-month 0 APR: Purchases made after opening the card can enjoy an extra-long 18-month interest-free period, and you only need to pay the minimum each month. Be sure to pay at least the minimum every month. See also: How to pay off a 0APR balance and Practical ways to use a credit card 0APR offer.
Drawbacks
- No rewards on spending, so it becomes much less useful after the 18-month period
My Take
Besides the 18-month 0APR period on purchases, this card also has no annual fee and no FTF foreign transaction fee. If you don’t already have a no foreign transaction fee card, it could still be worth keeping one.
One thing to note is that the Balance Transfer 0APR means the interest rate is 0, but the Balance Transfer fee still applies (4% or $10, whichever is greater). So I don’t recommend using this card for Balance Transfers. Better options are cards with 0APR + 0 balance transfer fee, such as:
Application
- Approval difficulty: Average; it’s better if you already have an HSBC Checking account
- Notes: None at this time
Application Link
None