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HSBC Household bank MC worth closing??

Mega Contributor

HSBC Household bank MC worth closing??

Got the card 7/11, received a $100 CLI in Feb. to make it a $400 CL. AF of $59 coming in July. Should I keep this or garden my new prime cards and close in June?




EQ FICO 548 3/3/16
Message 1 of 6
5 REPLIES
Frequent Contributor

Re: HSBC Household bank MC worth closing??

LS...If you want to keep it open but are unsure you may want to bite the bullet and see if they will credit the AF.  When I just closed my HSBC MC they offered to credit the AF to keep it open. I declined at that point because I just wanted it gone.  However,  If you decide to close it out and they waive it, you could keep it an additional year w/o the fee.  I mean, if you don't care whether it's open or closed it may be worth a shot.

Wallet: Barclays Rewards MC-16k, Amex BCP-15k, Citi Forward V-sig-12.5k, Walmart MC - 7.5k, Amex ED-5k, Chase Freedom-6k, Target Visa- 1.5k
As of: 05/13/2015
Message 2 of 6
Senior Contributor

Re: HSBC Household bank MC worth closing??


LS2982 wrote:

Got the card 7/11, received a $100 CLI in Feb. to make it a $400 CL. AF of $59 coming in July. Should I keep this or garden my new prime cards and close in June?


Wait and see what happens when Capital One gets it.   Then decide.

Message 3 of 6
Frequent Contributor

Re: HSBC Household bank MC worth closing??


Wolf3 wrote:

LS2982 wrote:

Got the card 7/11, received a $100 CLI in Feb. to make it a $400 CL. AF of $59 coming in July. Should I keep this or garden my new prime cards and close in June?


Wait and see what happens when Capital One gets it.   Then decide.


Or what wolf said...Smiley Happy

 

I kept the other one open just to see what happens in the next couple of months.....

Wallet: Barclays Rewards MC-16k, Amex BCP-15k, Citi Forward V-sig-12.5k, Walmart MC - 7.5k, Amex ED-5k, Chase Freedom-6k, Target Visa- 1.5k
As of: 05/13/2015
Message 4 of 6
Mega Contributor

Re: HSBC Household bank MC worth closing??


Wolf3 wrote:

LS2982 wrote:

Got the card 7/11, received a $100 CLI in Feb. to make it a $400 CL. AF of $59 coming in July. Should I keep this or garden my new prime cards and close in June?


Wait and see what happens when Capital One gets it.   Then decide.


That makes sense, i'll do that Wolf thanks!




EQ FICO 548 3/3/16
Message 5 of 6
Senior Contributor

Re: HSBC Household bank MC worth closing??


LS2982 wrote:

Wolf3 wrote:

LS2982 wrote:

Got the card 7/11, received a $100 CLI in Feb. to make it a $400 CL. AF of $59 coming in July. Should I keep this or garden my new prime cards and close in June?


Wait and see what happens when Capital One gets it.   Then decide.


That makes sense, i'll do that Wolf thanks!



I have a Household Bank card as well (no AF), hoping to get a better CL.

Message 6 of 6