Best Buy CC owned by HSBC or Cap One?

[randaljon]

Last August it was in the news that Capital One was buying up HSBC's retail card operations, not the HSBC Bank USA cards.

I saw on the Best Buy app that HSBC still issues it. Will this change to Capital One soon?

I have an HSBC card but I can never get a CLI. However I have a Cap One Auto Loan and 2 cards with them. I may have better luck if/when it switches over. Anyone have any info on this? All my google searches just result in August/2011 articles.

[LS2982]

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@randaljon wrote:

Last August it was in the news that Capital One was buying up HSBC's retail card operations, not the HSBC Bank USA cards.

I saw on the Best Buy app that HSBC still issues it. Will this change to Capital One soon?

I have an HSBC card but I can never get a CLI. However I have a Cap One Auto Loan and 2 cards with them. I may have better luck if/when it switches over. Anyone have any info on this? All my google searches just result in August/2011 articles.

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It's a mixed answer on here. Not really sure if HSBC is selling or keeping this card. I haven't recieved any notice about it personally and I have this card.

[randaljon]

One of my goals has been to get a Best Buy or Dell card, but I am scared to apply until I reach a 720 FICO. I do have an HSBC (Orchard Bank) but they just denied me a CLI even though I have 12 months of perfect payment history and a zero balance. I guess I better stay away from applying for any HSBC cards.

I think Chase services Dell right?

[nuggets321]

I was JUST approved for the Best Buy Store Card like two weeks ago..... ALL of my lender info says HSBC still and the rates/guidelines disclosure has a print date of jan 2012. Not sure they would have contracted/printed/sent all the information to every Best Buy of the change was "imminent" who knows though, they may be just trying to cover their behinds.....

[JaysonT]

Not my words but from another credit card site:

"How the Capital One-HSBC credit card deal affects consumers"

"Affected are 10.3 million holders of HSBC-branded MasterCard and Visa  bank cards, 3.3 million holders of General Motors and AFL-CIO cards that are co-branded with  HSBC, and 13.6 million holders of credit cards that carry the logos of Best Buy,  Neiman Marcus, Saks Fifth Avenue and 18 other retail firms that co-brand with  HSBC."

[Wolf3]

Web Bank has my Dell account, not chase. .

The early announcements said they expected to move the accounts in 2Q of 2012 (April through June).   BB is included.

Of course, things can change.

[Anonymous]

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@randaljon wrote:

One of my goals has been to get a Best Buy or Dell card, but I am scared to apply until I reach a 720 FICO. I do have an HSBC (Orchard Bank) but they just denied me a CLI even though I have 12 months of perfect payment history and a zero balance. I guess I better stay away from applying for any HSBC cards.

I think Chase services Dell right?

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When you tried for the Best Buy CLI was it a HP or SP?

[RyVision]

My BB store card still shows that it's handled by HSBC.  I requested (via the luv button) a CLI this month but was declined because I was given a 100$ CLI to 1000$  in Sept. The letter came from HSBC.   It would appear they did not do a HP for either request.

I am  hoping I can get another CLI from them before they switch over to CAP 1.  At that point, I will no longer request CLI's for that card (I rather not risk a possible hat trick style INQ, esp for no CLI).

I have also read that the switch will occur most likely around april or may.