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Issued by HSBC Bank Nevada, N.A. Categories: Reward - Other
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Overall Rating
Benefit Rating
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The American DreamCard™ Platinum MasterCard®, issued by HSBC Bank Nevada, N.A., is an ideal credit card for those with very good credit who are looking for an average platinum card with a monthly cash sweepstakes program. Through the American DreamCard™ Sweepstakes program, one entry is awarded for each dollar spent in purchases, cash advances, and balance transfers. Cardholders also receive 1,000 bonus entries when they apply online. Each month, one winner will be selected for a cash prize of up to .50% of the total amount of net dollars spent by the participating American DreamCard™ cardholders during the corresponding drawing period, starting at $25,000. The card also offers a referral program that rewards cardholders with 50 entries for each referral, plus a signing bonus of 1,000 entries for each referral who becomes a cardholder. The card has no annual fee, a 0% introductory rate on purchases for the first five months of membership, and a reasonably low interest rate on purchases after the introductory rate expires. It is important to note that the APRs for all transactions are tied to the highest Prime Rate during a three-month period. Therefore, due to this policy, the lowest possible interest rates may not be reached. Aside from the sweepstakes program, the card does not offer any common benefits that are associated with most platinum status credit cards. Therefore, those who qualify for the lowest rate offered and will take advantage of the American DreamCard™ Sweepstakes will benefit most from what the American DreamCard™ Platinum MasterCard® has to offer.
Most Attractive Feature(s): Introductory rate; no annual fee; sweepstakes entries.
Least Attractive Feature(s): High APR for less qualifying applicants; no extraordinary benefits or services offered.
Additional Perks
Access to AccountCentral®, the online account servicing platform (earn 100 entries for enrolling).
Access to online payment of the American DreamCard™ bill (earn 100 entries each time the bill is paid online).
Access to Account Protection Plus(SM) for an additional fee.
Access to the Account Benefit Plan(SM) for an additional fee.
See website for additional benefits.
Rates & Fees
- Introductory Rate: 0% APR for 5 Months
- Introductory Rate Details: None
- Grace Period: 20 Days (Min.)
- Applied Towards: Purchases, Balance Transfers
- APR (Purchases) %: 12.99
- APR (Cash Advances) %: 19.99
- Finance Configuration: Average Daily Balance (including new purchases)
- Annual Fee: $0
- Additional Cardholders: $0
- Application Fee:
- Minimum Credit Limit: n/a
- Maximum Credit Limit: $25,000
- Late Payment Fee: $39
- Over-The-Limit Fee: $39
- Cash Advance Fee: $5 for ATM and convenience check transactions up to $100; 4%, $15 minimum for ATM and convenience check transactions over $100 and all other cash advance transactions; $29 for cash express transactions
- Balance Transfer Fee: 3%, $75 maximum
- Important Notations: The APR is based on the highest Prime Rate during a 90-day period.The minimum APR for purchases is 12.99%.The minimum APR for cash advances is 19.99%.The APR for purchases varies according to the applicant's credit history and will be 4.74% or 9.74% + Prime Rate.The APR for cash advances varies according to the applicant's credit history and will be 11.74% or 15.74% + Prime Rate.See website for additional APR information.See website for complete terms and conditions of card usage and application disclosure.
* See the online credit card applications for details about Terms and Conditions of offer.
Note: The credit card information is believed to be accurate during the update. However, all 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. When you click on the " Apply " button you can review the credit card Terms and Conditions on the credit card issuer's web site.
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| APR (Purch) % |
APR (Cach) % |
Annual Fee |
Intro APR |
| n/app |
Not Available |
$125** |
No Introductory Rate Available |
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- No Annual Fee for the First Year - $95 Thereafter
- Earn 5,000 Membership Rewards® Bonus Points After Your First Purchase With the Card -- Redeemable for a $50 Gift Card
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- No Pre-Set Spending Limit
- Express Approval. Get a Decision in Less than 60 Seconds
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| APR (Purch) % |
APR (Cach) % |
Annual Fee |
Intro APR |
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$95** |
No Introductory Rate Available |
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- Get Your Application Results in Seconds
- Monthly Reporting to the Major Credit Bureaus
- Free Online Access
- Excellent Online Tools for Managing Your Finances
- Semi-Annual Credit Limit Increases
- No Minimum Monthly Income Requirements*
- Unsecured MasterCard Accepted at Millions of Locations Worldwide
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| APR (Purch) % |
APR (Cach) % |
Annual Fee |
Intro APR |
| 19.92 |
19.92 |
$50 |
No Introductory Rate Available |
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