04-04-2009 08:50 PM - edited 04-04-2009 08:54 PM
Their pre-qual is a soft. Both their soft and hard are Experian. Again, YMMV.
Mind you if you have 2 of their cards already or have had one of theirs in the last 18 months. In that case you'd be pre-approved online and then denied per some hidden rules. I still dont understand their motive but thats the way it is.
ETA: If the above is true, you would have to wait for a prequal/invite from them. Thats how, most people have obtained 2 or more cards in recent times within 18 months. This wasn't the case years back apparently.
04-04-2009 09:08 PM
04-04-2009 09:45 PM
04-04-2009 10:12 PM
'IF' you have only one account and it IS closed, then yeah, you are eligible to get another card if you are pre qualified.
But thats with the 2 cards and 18 months rule. Personaly, I dont trust pre-quals that much. I particularly am suspicious about HSBC pre-quals. They could pre-approve you and just as easily deny you on the basis that you have an unpaid balance with one of the HSBC cards even though its closed and that the pre-qual process does not take that into consideration just as it doesn't the number of HSBC cards an individual has and all that.
I would certainly call and check before I apply or I would simply wait for the dispute to be resolved.
04-05-2009 10:07 AM
Forget HSBC. If you need a card that bad get a secured card.
Not necessarily. My HSCB card is a keeper. It may have begun life as a $300 CL with an AF, but it is now at $5k+, no AF, and 2% Cash Back on all purchases.
04-05-2009 03:48 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.