Best Buy (HSBC) Just CLD me

[Anonymous]

Yet another issue with HSBC.

So today i was checking on my accounts online and when i checked my Best Buy acct i noticed my CL had been changed from the original limit of $2500. to a new limit of $1206. I called hsbc and asked why the csr said it was due to the acount activity. I said what activity i recieved this card in early july and used it once to buy my son a cd..The csr said no there was a $300. Cash advance (WHAT).

To make a long story short my wife said she forgot her citi bank atm pin so she used this card to pull shopping money off of...

What to do-What to do-What to do-

I would luv to tell hsbc to stick this card up there a** any suggestions?????

[Anonymous]

Lowered for a cash advance? They must be scared these days.

Must be more to the story. Right?

Message Edited by EddieX on 09-28-2008 11:20 AM

[Anonymous]

Ain't that a trip.

[Anonymous]

Not to much more to the story than that. If anything my credit file has improved greatly since i recieved the card. So i know they didnt do a soft pull or hard pull and find anything bad. I quess the acct was to new to do a cash advance which is weird because my acct did say i had a cah advance limit of $1000. at the time my wife pull the cash out.

[Creditaddict]

cash advances are big no's these days on credit cards.

[Anonymous]

You'd think though that they would give him a chance to pay it down before CLD him.. I just had to take a Cash Advance of $800.00 on my BOA card (sudden emergency and all savings in CDs). I hope they don't take AA on me. I plan to pay it off over the course of the next 1-2 months, as I have no intention of paying the ridiculous interest on it. Now I'm thinking I better take my next pay check and pay it all off ASAP. Of course then I'll have to carry a little balance on another card, as I'll be pretty broke for a few weeks.

Message Edited by siangirl34 on 09-28-2008 06:58 PM

[Creditaddict]

why would you take a cash advance, why not do a bt and have it put right into your checking account.

I just think it's a HUGE red flag on credit accounts right now in the state of our economy.

[haulingthescoreup]

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@Creditaddict wrote:

why would you take a cash advance, why not do a bt and have it put right into your checking account.

I just think it's a HUGE red flag on credit accounts right now in the state of our economy.

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I think that if you re-read, he didn't do it.

They still shouldn't offer them if they're going to then turn around and slam you.



edit to add: whoops, sorry, missed an interval post myself!

All I know is that I'm scared witless of the things, and my shredder stays busy with them.

Message Edited by haulingthescoreup on 09-28-2008 07:06 PM

[Creditaddict]

sorry should edit that, can't really change the bestbuy one.

i mean if you are going to pull off a credit card like bofa... they throw bt offers at you left and right.

[Anonymous]

I had to bail my friend out of jail and I had 15 minutes to get back to the courthouse before she was transferred to this holding cell place. It was pretty ugly and I was in a rush. I coulda probably cashed in a CD, but didn't have time, had just over $400 cash available and needed that for an upcoming vet visit with my cat and my daily expenses. Would I have been better off overdrafting my checking account and having them access the cash from the credit card (it's overdraft protection for that account)?