I just got a Best Buy Reward Zone card with a $300 CL. I have two other HSBC cards, (1) a $200 secured card that is two years old and (2) a $300 "Platinum" card that is about 5 months old. I figure I don't want/need to many credit cards to begin with, but it seems like HSBC will keep approving me based on my flawless history with them so far. I read, though, that they cut you off at 3 cards... is that true? I would figure they'd want to keep sucking the annual fees out of me.
My score went up a bit, so I applied for a Shell gas card. They said wait 30 days and see; doesn't sound good. So, I am wondering why HSBC, or anyone else, won't raise my limits. Does HSBC only issue new cards for $300? I've read here that they rarely give CLIs, so how does anyone use their cards for any reasonable daily activity? I'm just curious because I put about $10k a month on my debit cards and I'd rather be building my credit profile with at least some of that spending.
Have you tried to convert the secured card?
If you have that much to charge, why not put a lot bigger deposit on the secured card so you can use it?
Because the secured cards has no rewards whatsoever. I get 1 mile per dollar on my debit card, but one of my Orchard cards has 2% cash back which is better. I suppose it's quite possibly better because they realize they won't have to pay much back.