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American DreamCard™ Platinum MasterCard®

	Overall Rating 4.0 Benefit Rating 3.5 About Ratings	Apply Now	BALANCE TRANSFERS		INTRO RATE		APR (PURCH)	APR (CASH)	ANNUAL FEE
			Rate	Duration	Rate	Duration
			N/A	N/A	N/A	N/A	14.99	29.99%	$0

Rates and Fees

Card Type	MasterCard
Introductory Rate Offer	n/a
Card Status	Platinum
APR for Purchases	14.99%
APR for Cash Advances	29.99%
Annual Fee	0%
Annual Fee for additional cardholders	$0
Grace Period	20 Days (Min.)
Minimum Credit Limit	n/a
Maximum Credit Limit	$25,000
Late Payment Fee	$39
Over the Limit Fee	$39
Cash Advance Fee
Balance Transfer Fee	n/a
Credit Rating	Very Good

Rewards Information

Points per Dollar Spent	1 Entry
Additional Points	Cardholders may have the opportunity to earn bonus
Miles per Dollar Spent
Additional Miles
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

Important Notations:

The APR is based on the highest Prime Rate during a 90-day period. The minimum APR for purchases is 14.99%. The minimum APR for cash advances is 29.99%. The APR for purchases varies according to the applicant's credit history and will be 8.99% or 15.99% + Prime Rate. The Sweepstakes begins at 12:00:01 AM ET on 10/01/08. The Sweepstakes ends and all entries expire at 11:59:59 PM ET on 09/30/09. The Sweepstakes is sponsored by HSBC Card Services, Inc. The American DreamCard™ MasterCard® is issued by HSBC Card Services. Its affiliates, HSBC Card Services Inc. and/or HSBC Card Services (II), Inc., provide administrative and processing services for the credit card. See website for additional APR information. *See website for complete terms and conditions of card usage and application disclosure.

American DreamCard™ Platinum MasterCard®

Issued by MasterCard

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Most Attractive Feature(s): No annual fee; sweepstakes entries.

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Least Attractive Feature(s): High APR for less qualifying applicants; no extraordinary benefits or services offered.

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Description

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 and 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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Updated: Apr 1 2009 12:58PM

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