I have a question about this offer letter i just got about a HBC MasterCard, here is my info my credit score as of today is transunion= 660 equifax= 717 ex= 700 i have one macys store department card no lates, and i have a installment loan with a bal of 1,400.00 left no lates, i have no car loan and no collections on my accounts and i'm tryin to rebuild my credit , my question is do u think i should apply for this preaproved HBC MasterCard CC or should i throw it away or are they a good card to start off with? what do you guys think?
hsbc can be quirky and difficult to deal with. you may be eligible for better offers from boa, a cu or discover card. or even check out cap1's preapproval site. hsbc can be fine for some, i just don't have the patience for how they do business.
it looks like your scores have entered full recovery mode, v. nice, congrats! hsbc is not the worst but see if you can do better. you may soon be glad that you left hsbc by the wayside.
Well i tried BOA preapprovel and got declined i guess they didnt think i was good enough with my scores what else should i try ?
if you 'opted out', the preapprovals sites won't have offers for you. i recently opted back in (i had forgot i opted out).
keep your cool - by taking some extra time you may be closer to the right card pick for you.
discover doesn't have a bona fide preapp. link, just go to their site, discover.com to learn more about their cards.
they are a prime lender that typically requires v. good credit. i was denied 15 months ago and then recently approved upon reapp.
anecdotal hsbc f/b:
-gives low starting cl
-if you app for sub prime card, they'll always treat you sub prime with that card, even when you're not
-gives low CLI (and charges for CLI's on some of their low tier cards)
-minimal or no bt, and intro rate promos on some cards
-fee focused lender (then again, who isn't?)