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I have a HSBC BB MC, always PIF in the 3 years I had it. I have never been late.......ever! I started at $500 and that is where it remains,and according to HSBC that is where it will ALWAYS be. I read this forum every day,and I have learned alot of valuable info here. For that,I will be forever grateful.
I have noticed several posts where it states closing of cards is not good for util or age of accounts. However,I will be closing this card as of today. Apparently my business is not important enough to them for a CLI,nor is it important enough for me to talk to a CSR that has sense enough to realize,I am the customer. They have been rude,and most unwilling. I am leaving with a 0 bal and I will deal with the point drop when it happens! But,I do not want to be associated with this stank,I meant bank another day.
Just wanted to add.....Has nothing to do with pride,it's the principle.
According to the posts I read, the acct although closed will remain for 10 years on CR and that's fine with me. I can't imagine leaving this acct open one more day. If I go into a store and did not like their service,or a restaurant and did not like the food,I would not return. This is no different to me. If you don't take a stand,you take the fall. This is just my personal rant,and in the end it is me,and only me that will have to deal with whatever happens next. I just can't allow myself to be treated like this.
OP, I'm with you on that decision.
My DH has had them since early 06 and has never received a CLI as well. His is also Secured. Don't know if that makes a difference.
His score was in the high 700's last year and I thought for sure they would unsecure it or give him an increase.
No.
Anyway, now he's got 3 Med Collections (~$72,000) , however his score is 684.
So, I guess we'll just leave it alone now.
But, for curiosities sake, Please post what "Score Change" you get for the closure as I'm thinking of closing a Walmart card and would like to see what others have experienced.
@Anonymous wrote:I have a HSBC BB MC, always PIF in the 3 years I had it. I have never been late.......ever! I started at $500 and that is where it remains,and according to HSBC that is where it will ALWAYS be. I read this forum every day,and I have learned alot of valuable info here. For that,I will be forever grateful.
I have noticed several posts where it states closing of cards is not good for util or age of accounts. However,I will be closing this card as of today. Apparently my business is not important enough to them for a CLI,nor is it important enough for me to talk to a CSR that has sense enough to realize,I am the customer. They have been rude,and most unwilling. I am leaving with a 0 bal and I will deal with the point drop when it happens! But,I do not want to be associated with this stank,I meant bank another day.
Just wanted to add.....Has nothing to do with pride,it's the principle.
According to the posts I read, the acct although closed will remain for 10 years on CR and that's fine with me. I can't imagine leaving this acct open one more day. If I go into a store and did not like their service,or a restaurant and did not like the food,I would not return. This is no different to me. If you don't take a stand,you take the fall. This is just my personal rant,and in the end it is me,and only me that will have to deal with whatever happens next. I just can't allow myself to be treated like this.
The King is proud of you You are doing the right thing..Also I like the analogy about the Restaurant, very true. I feel the same way. I see you have your head held HIGH.
King
Seriously King,that means alot to me. I hold you and your advice in the highest regard. I thought hard and long about my decision,because I did not want to regret the move I was making. I did not go off in a huff,because if that were so,I would have closed it when I was on the phone with the rep,who IMO was mean and nasty.
I came here,posted and then called to close it. As suspected,it did not matter to them that they were losing a customer. But,hey,it's only 500 bucks right? Anyway,I am officially not a HSBC customer as of today. But looking back over the past 3 years,makes me wonder......was I ever?
@Anonymous wrote:Seriously King,that means alot to me. I hold you and your advice in the highest regard. I thought hard and long about my decision,because I did not want to regret the move I was making. I did not go off in a huff,because if that were so,I would have closed it when I was on the phone with the rep,who IMO was mean and nasty.
I came here,posted and then called to close it. As suspected,it did not matter to them that they were losing a customer. But,hey,it's only 500 bucks right? Anyway,I am officially not a HSBC customer as of today. But looking back over the past 3 years,makes me wonder......was I ever?
And that is the SAD thing..they weren't even fazed. Not bothered one bit that they were losing a great customer.
I RUN AWAY from those banking institutions. Thank you for those kind words.
King
@Anonymous wrote:
Oh no! I have several other cards,I was just approved for Discover More and Nordstrom. I won't miss BBMC at all.
Congrats on Discover More & Nordstrom Signature.......good riddens BBMC Nordstrom is a great card, as i have this very card. They have an in house bank. They will treat you very well.
King
@Anonymous wrote:
Oh no! I have several other cards,I was just approved for Discover More and Nordstrom. I won't miss BBMC at all.
Great! Then the only score drop you might notice would be a temporary drop for new accounts and inquiries. CONGRATULATIONS!!!