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Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

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?




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Frequent Contributor
tonyaether
Posts: 341
Registered: ‎06-04-2011

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.


Current Scores: 08/2013 EQ - 779(FICO), TU98 - 783(FICO ), TU08-818(Walmart FICO),EX PLUS-775 (FAKO) Credit Sesame - 804 (FAKO)
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Senior Contributor
Wolf3
Posts: 3,198
Registered: ‎01-24-2010

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.

Frequent Contributor
tonyaether
Posts: 341
Registered: ‎06-04-2011

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...:smileyhappy:

 

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


Current Scores: 08/2013 EQ - 779(FICO), TU98 - 783(FICO ), TU08-818(Walmart FICO),EX PLUS-775 (FAKO) Credit Sesame - 804 (FAKO)
Wallet: Barclays Plat. Rewards MC $8.9k,Amex BCP $9.1k, CitiForward Signature $11k, Chase Freedom $3k,Target Visa $1.5k, Walmart Discover 7.5k, Delta Gold Skymiles Amex $2k
GOAL: 800 ACROSS THE BOARD!!!!
Mega Contributor
LS2982
Posts: 15,434
Registered: ‎04-09-2011

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!




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Senior Contributor
Wolf3
Posts: 3,198
Registered: ‎01-24-2010

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.


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