Established Contributor
Posts: 611
Registered: ‎01-04-2009

HSBC Best Buy RZMC -> Capital One

Anyone know if these cards are being converted to Capital One?  I tried calling (and secure messaging) HSBC but the people I spoke to about it were pretty much in the dark about the process.


Speculation-wise:  Change for the slight bit better?  Or are they just equally as bad? :smileytongue:

    $17.3K          $500              $7K              $15K              $5K             $2300          $3200          $2000          $1500          $1000           $8100

Garden Since: 9.25.2013
Frequent Contributor
Posts: 445
Registered: ‎09-14-2011

Re: HSBC Best Buy RZMC -> Capital One

Maybe June or July from what I heard on this forum.

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Senior Contributor
Posts: 4,243
Registered: ‎05-01-2008

Re: HSBC Best Buy RZMC -> Capital One's all in the works.  My co-worker has the Crap One letter in front of him.  He wants nothing to do with them, so he called them & cancelled the card.


Crap one has a long list of info sharing with partners.  He wanted no part of their sharing his info.


If I get the letter....DONE.....Gone!!



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Established Contributor
Posts: 611
Registered: ‎01-04-2009

Re: HSBC Best Buy RZMC -> Capital One

I just got said letter in the mail today actually.  I would probably do the same with both this and my other Cap One card but I'd like them to age at least another year before I cut them loose.  I don't really have the feeling either will grow.

    $17.3K          $500              $7K              $15K              $5K             $2300          $3200          $2000          $1500          $1000           $8100

Garden Since: 9.25.2013
Senior Contributor
Posts: 3,197
Registered: ‎01-24-2010

Re: HSBC Best Buy RZMC -> Capital One

Based on my experiences with Capital One and HSBC     Capital One has been quite a bit better.

Posts: 82
Registered: ‎07-14-2010

Re: HSBC Best Buy RZMC -> Capital One

better in what way? IMO Cap One is stingier with CLI. At least ive gotten a few from my hsbc cards.. Orchard/Best Buy 

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Valued Contributor
Posts: 1,227
Registered: ‎09-22-2009

Re: HSBC Best Buy RZMC -> Capital One

I have a GM card issued by HSBC that now is reporting as Capital One on my EQ reports, but not on TU or EX yet.  I was hoping to avoid this as I don't want to cancel a 20 year old TL.  :smileymad: 

EQ FICO - EQ08 - 850 -10/22/14
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Established Member
Posts: 35
Registered: ‎11-09-2010

Re: HSBC Best Buy RZMC -> Capital One

I have a Bestbuy reward Mastercard

I "HAD" an Orchard

I "HAD" a Capital one


I closed the orchard and the capital one earlier this month(another thread).  I ran my credit report via USAA today to see to my horror, 3 one capital cards reporting.


The Orchard - Now a Capital One

The Best Buy - Now a Capital One

And the old Capital One - Still a Capital One

New Visitor
Posts: 1
Registered: ‎07-28-2012

Re: HSBC Best Buy RZMC -> Capital One

[ Edited ]

HSBC closed the deal selling its consumer credit portfolio to Capital One, which is why you're getting those letters. I used to work for Best Buy but I don't know how Capital One will change the credit plans.


Existing balances will adhere to the original terms when the purchases were made. For new accounts and purchases, no idea.


I also worked in commercial banking for 30 years.

Epic Contributor
Posts: 22,067
Registered: ‎10-23-2007

Re: HSBC Best Buy RZMC -> Capital One

The Deal is done and statements and online shows Capital One as owner but they have not completely transferred over to Cap1 systems yet so you can't do things like CLI yet.  It's a toss up for me on which is worst bank!  They are very similar in if you start at $300-$500 you probably will most likely never see over $1k.

However if you start in the $5k+ range, you will probably have a 99% DIFFERENT POSITIVE Experience with both of the banks. (i.e. GM for HSBC, and forget what it was called but some miles card many many years ago, parents had it with $16k line... think now kind of the top line Venture would be same)

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