American DreamCard™ Platinum MasterCard®

Card Type: MasterCard
Card Issuer: HSBC Bank Nevada, N.A.
Card Category: Reward - Cash

Review

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. 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 a variable interest rate on all transactions. 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 never 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 features: Sweepstakes entries.

Least attractive features: 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*). See website for additional benefits.

Rates & Fees

Introductory rate: N/A

Applied towards: Purchases

Introductory Rate Details: n/app

Apr(Purchases): 14.99% V or 21.99% V on Purchases

Apr(Cash Advances): 22.99% V or 28.99%V

Finance Configuration: Average Daily Balance (including new purchases)

Annual Fee: $0, 39, 59

Additional Cardholders: The annual fee will be either $0, $39, or $59, dependent upon individual credit worthiness.

Grace Period: n/app

Minimum Credit Limit: n/app

Maximum Credit Limit: n/app

Late Payment Fee: Over the Credit Limit Fee: $39

Cash Advance Fee: $5 for each cash advance of $100 or less from any ATM. For all other cash advance transactions, $15 or 4%, whichever is higher.

Balance Transfer Fee: n/app

Important Notations: The Grace Period is at least 23 days (new purchases) provided previous balance paid in full. **APR's are assigned based on creditworthiness:14.99%V or 21.99%V. The American DreamCard™ MasterCard® is issued by HSBC Bank Nevada, N.A. See website for additional APR information. *See website for terms and conditions of card usage and application disclosure.

Rewards

First Purchase Bonus: None

Balance Transfer Bonus: None

Annual Bonus: None

Other Bonus: 1,000 Entries***

Bonus Details **1,000 entries awarded for submitting a completed application. An additional 1,000 entries may be earned for each referral you provide that subsequently is approved for the American DreamCard(TM) MasterCard (50 entries earned for each referral).

Reward Type: Point

Optional Rewards: No

Minimum Rebate: n/app

Rebate Details: n/app

Maximum Rebate: n/app

Additional Rebates: n/app

Miles per Dollar spent: n/app

Mile Reward Details: n/app

Additional Miles: n/app

Points per Dollar spent: 1 Entry*

Point Details: *Up to 1,000 entries per transaction. Entries earned on qualified purchases, cash advances, and balance transfers. Each entry is automatically submitted into a monthly sweepstakes drawing for a cash prize.

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