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HSBC Platinum MasterCard® with Cash Back Rewards Review
Issued by HSBC Bank
  
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Overall Rating:
Benefit Rating:
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The HSBC Platinum MasterCard® with Cash Back Rewards, issued by issued by HSBC Bank Nevada, N.A., is designed for those with very good credit who are looking to earn cash back on everything they purchase.
Through the rewards program, cardholders earn unlimited 1% cash back rewards for every dollar spent on purchases. Cardholders who do not qualify for the 1% cash back rewards will be considered for 2% cash back reward. While there is no limit to the amount of cash back rewards that can be earned with the 1% cash back reward, the 2% rebate does have a limit of $400 a year.
The HSBC Platinum MasterCard® with Cash Back Rewards has no annual fee and a 0% introductory rate that can be applied toward purchases and balance transfers for the first twelve months of membership. Once the introductory rate expires, the card has a reasonably low interest rate for purchases (for those who qualify).
Therefore, those who spend a lot on purchases and who qualify for the lowest interest rate offered will benefit most from what the HSBC Platinum MasterCard® with Cash Back Rewards has to offer.
*Please note that this card is for applicants for good credit. If you do not meet the credit requirements for this card, you may be approved for another HSBC credit card.
Through the rewards program, cardholders earn unlimited 1% cash back rewards for every dollar spent on purchases. Cardholders who do not qualify for the 1% cash back rewards will be considered for 2% cash back reward. While there is no limit to the amount of cash back rewards that can be earned with the 1% cash back reward, the 2% rebate does have a limit of $400 a year.
The HSBC Platinum MasterCard® with Cash Back Rewards has no annual fee and a 0% introductory rate that can be applied toward purchases and balance transfers for the first twelve months of membership. Once the introductory rate expires, the card has a reasonably low interest rate for purchases (for those who qualify).
Therefore, those who spend a lot on purchases and who qualify for the lowest interest rate offered will benefit most from what the HSBC Platinum MasterCard® with Cash Back Rewards has to offer.
*Please note that this card is for applicants for good credit. If you do not meet the credit requirements for this card, you may be approved for another HSBC credit card.
Review Date: October 31, 2008
Note: The review on this card was updated on October 31, 2008. The review is believed to be accurate during the update, however, information posted may have changed since the update. We strongly suggest that you carefully read the Terms and Conditions statement that accompanies the credit card application.
| Credit Card Rate Details | |
Intro Rate (Intro APR):
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0% APR for 12 Months |
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Intro Applied Towards:
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Purchases, Balance Transfers |
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Purchase APR:
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8.90% - 19.80% (Variable) |
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Cash APR:
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21.90% (Variable) |
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Finance Configuration:
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Average Daily Balance (including new purchases) |
| Credit Card Fee Details | |
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Annual Fee:
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$0 |
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Grace Period:
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20 Days |
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Over the Limit Fee:
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$39 |
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Cash Advance Fee:
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3%, $15 minimum |
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Balance Transfer Fee:
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3%, $15 minimum |
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Minimum Credit Limit:
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Based on Credit |
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Maximum Credit Limit:
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Based on Credit |
| Credit Card Reward Program Details (Rebate) | |
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Rebate Minimum:
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1% |
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Rebate Maximum:
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2% |
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Additional Rebates:
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None |
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Rebate Details:
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All cash back rewards are redeemable in $25 increments. |
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Expiration:
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None |
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Yearly Limit:
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No |
| Features | |
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Most Attractive Feature(s):
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| Reasonably low APR (for those who qualify); no annual fee. | |
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Least Attractive Feature(s):
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| Higher APR for less qualified applicants; yearly limit on higher 2% rebates. | |
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Additional Features:
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| Various Internet related account services. Purchase protection. Extended warranty. MasterCard® Global Services® Fraud liability protection. See website for additional benefits. |
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Important Notations
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| See website for complete terms and conditions of card usage and application disclosure. |
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