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Posts: 109
Registered: ‎02-12-2010
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Re: Am I ready to apply for a card?

This is what I applied for:
HSBC Platinum MasterCard® with Cash Back Rewards
Get unlimited cash back with no spending restrictions and no annual fee with the HSBC Platinum MasterCard with Cash Back Rewards!
  • Earn a full 1% cash back on every card purchase you make with your card, regardless of where you make it.^
  • Enjoy a 0% Introductory APR on card purchases and balance transfers for 6 months.*
  • Take advantage of Platinum benefits like unlimited purchase protection, extended warranties, and rental car insurance.


To learn more about our card selection process, click here.


I'm getting ready to buy my real TU & EQ, so I'm not yet sure of my real scores. Since it's a soft pull, I figured it didn't hurt to try.

Moderator Emeritus
Posts: 4,469
Registered: ‎12-31-2008
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Re: Am I ready to apply for a card?

hdsbmt wrote:

Is this card a "bank" card?

I got preapproved for a card, but it has a annual fee of $79, which makes me Smiley Sad.


Yes, HSBC is a bank card because it's issued by a real bank (recognized as such by the Federal Reserve). 


Sometimes people think MC or Visa constitutes a bank card - it doesn't.  MC & Visa are not banks, they are payment networks.


Sorry about the AF - I used my HSBC Orchard with AF for a little less than a year.  It helped me rebuild, so it was worth the one time AF for me. 

Just puttin' syrup on something, don't make it pancakes.
Moderator Emerita
Posts: 28,095
Registered: ‎04-01-2007
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Re: Am I ready to apply for a card?

I would definitely look into joining a credit union. They are generally much more willing to work with those who are new to credit or who are climbing back up in the saddle after problems.

Even if you didn't get a CC right off the bat, CU's can be great sources of auto loans, personal loans and so forth.

The Big Four banks (for consumers), including BofA, Wells Fargo, Citi, and Chase, have not exactly impressed people with their relations with us everyday people. They seem way more concerned with their commercial customers. There has been a noticeable movement toward CU's and local-only banks by consumers exasperated with the big guys.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007

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‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

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