gettingstarted wrote:Just want to know if anybody has had any success with getting HSBC to drop their annual fee after you have been with them for awhile
FICO: EQ:735 TU: 760 EX
LUS 747
I called HSBC last week for the same reason. I have an Orchard with a $400 limit & a $59 annual fee. The limit is so ridiculously low that I don't even use the card. My AF hits in May. When I called & told them to cancel because of this reason, the CSR said they could waive the AF, but I have to wait & call back when the AF actually appears on the statement. Apparantly they can't do it ahead of time? Either way, I'll end up cancelling it eventually- I have a pretty thin credit file & need to rack up a couple more revolving lines before I cancel. This account helps put me in a better 'number of accounts' catagory for now.
Starting Score: April 2011- EX FAKO 639, EQ FAKO 645, TU98 FICO 665
I have been waiting to axe my Household Bank card also but im just curious how the transition to Cap 1 will affect me first before I drop it. Its funny that I have been
getting Ochard Bank, and BBMC card offers from emails and mails almost every week right now even though I already have two accouts with them.
Guess they are trying to get everything they can before they finalize it.
According to the most recent BBMC card offer, it states at after 04/30/12 all credit decisions will be made my Cap 1, so I guess I will wait til then to see how it turns out.
I got my AF easily waived on two HSBC products. I think the issue is most ppl SD the card for 12 months and then expect the courtesy of a goodwill gesture in the form of a $39-$79 adjustment. It costs money to maintain an account and report every month, so no charges = no revenue = not worth saving. So I just make one tiny purchase quarterly to keep the cards active.
mxp114 wrote:I got my AF easily waived on two HSBC products. I think the issue is most ppl SD the card for 12 months and then expect the courtesy of a goodwill gesture in the form of a $39-$79 adjustment. It costs money to maintain an account and report every month, so no charges = no revenue = not worth saving. So I just make one tiny purchase quarterly to keep the cards active.
Good point! I porbably would have been able to remove my AF from household but didn't like how their CS did me.
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