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Overall Rating:
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Annual Fee: |
$0, 39, 59 |
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Intro Rate: |
None |
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APR: |
14.990% |
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Card Type |
Reward - Cash |
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. |
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Other Card Specific Information
| Applied To |
Purchases |
| Intro Details |
n/app |
| Apr Purchase |
14.990 % |
| Var Fi x Purchase |
Variable |
| Annual Fee |
$0, 39, 59 |
| Annual Details |
The annual fee will be either $0, $39, or $59, dependent upon individual credit worthiness. |
| Application Fee |
n/app |
| Participation Fee |
n/app |
| Reload Fee |
n/app |
| Inactive Fee |
n/app |
| Total First Year Fees |
n/app |
| Type of Reward |
Point |
| Optional Reward |
No |
| Optional Annual Fee |
n/app |
| Rebate Minimum |
n/app |
| Rebate Maximum |
n/app |
| Additional Rebates |
n/app |
| Rebate Details |
n/app |
| Points Per Dollar Spent |
1 Entry* |
| Additional Points |
Cardholders may have the opportunity to earn bonus entries in select months during the promotional period. See Official Sweepstakes rules for details. |
| Point Details |
*Up to 1,000 points/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. |
| MilesPerDollarSpent |
n/app |
| AdditionalMiles |
n/app |
| MileDetails |
n/app |
| Miles Compatible With |
n/app |
| Expiration |
The sweepstakes ends and all existing entries expire on September 30, 2009. |
| Yearly Limit |
None |
| 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. |
| Notations |
**APR\'s are assigned based on creditworthiness:14.99% or 21.99%V, variable (Minimum APR: 14.99% or 21.99%V)
The minimum APR for cash advances is 22.99% or 28.99%V.
The American DreamCard™ MasterCard® is issued by HSBC Bank Nevada, N.A.
See website for additional APR information.
*See website for complete terms and conditions of card usage and application disclosure. |
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