Reply
Frequent Contributor
Posts: 303
Registered: ‎06-04-2008
0

Re: HSBC Prequalify

No it is for the HSBC 2% Cash back visa

Starting Score: 3/21 EQ 636 TU 669
Current Score: 12/30 EQ 740 TU 712 EX ??? ....
Goal Score: Yay... I reached my goal of 700!!!


Take the FICO Fitness Challenge

Senior Contributor
Posts: 3,279
Registered: ‎08-03-2007
0

Re: HSBC Prequalify

I'm confused on why they would need to validate funds for a normal CC.

Notwithstanding my previous statement, they'll probably know in a day or two if you want to call back later like you stated.
Here we go again...
Frequent Contributor
Posts: 317
Registered: ‎07-30-2008
0

Re: HSBC Prequalify

goodgirl, I was approved for one of the cards similar to yours.  Give it a day or two to get into the system and you can call customer service to get your limit and to see whether or not you have an annual fee.  After I applied for other cards and got approved I canceled immediately with them because an annual fee of 59.00 on a 300.00 wasn't worth it to me.  Just try back tomorrow or tuesday.
2/01/09 TU 678 EQ 690 EX 655
06/12/2014 EQ 634/ TU 623/ EX 618
Frequent Contributor
Posts: 303
Registered: ‎06-04-2008
0

Re: HSBC Prequalify

I paid the $19 processing fee.

Starting Score: 3/21 EQ 636 TU 669
Current Score: 12/30 EQ 740 TU 712 EX ??? ....
Goal Score: Yay... I reached my goal of 700!!!


Take the FICO Fitness Challenge

Frequent Contributor
Posts: 317
Registered: ‎07-30-2008
0

Re: HSBC Prequalify

I paid the processing fee and got it returned to me.  I still had a 300.00 limit with an annual fee.
2/01/09 TU 678 EQ 690 EX 655
06/12/2014 EQ 634/ TU 623/ EX 618
Senior Contributor
Posts: 3,494
Registered: ‎05-25-2008
0

Re: HSBC Prequalify



FretlessMayhem wrote:
I'm confused on why they would need to validate funds for a normal CC.

Notwithstanding my previous statement, they'll probably know in a day or two if you want to call back later like you stated.




The way I understand it is this: the worse your credit, the more they charge as a "processing fee" (don't ask me why). They won't consider your account "approved" really, until they make sure that the funds you've paid for the processing fee are good and in their hands.

I had a $29 fee, whereas DH had a $19 fee. I've heard of others having to pay no fee, too.

OP: Make sure to call the backdoor number and ask for a CLI BEFORE you activate the card. I had uber-crappy credit scores and I managed to score a CLI from $300 to $500. Nice for util. :smileyhappy:

~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*

Hubby's FICOs when we started: high 400s (June 2008)
Hubby's FICO NOW (04/06/09): TU: 679 EQ: 608 EX: ???
My FICOs: TU: 643, EQ: 606
Closed on new home: 1/20/2009 -- If we can do it, YOU can do it!!

Frequent Contributor
Posts: 303
Registered: ‎06-04-2008
0

Re: HSBC Prequalify

first48---  how long have you had your card?
 
BTW the First 48 show is my favorite:smileyhappy:

Starting Score: 3/21 EQ 636 TU 669
Current Score: 12/30 EQ 740 TU 712 EX ??? ....
Goal Score: Yay... I reached my goal of 700!!!


Take the FICO Fitness Challenge

Frequent Contributor
Posts: 317
Registered: ‎07-30-2008
0

Re: HSBC Prequalify

goodgirl, I absolutely love the show because you are constantly in suspense.  Anyway, my card came in the mail about 2 weeks later.  However, I canceled it before I got it because of the 59.00 annual fee and low limit of 300.00.  By that time I had gotten approved for Capital One with only a 19.00 AF with a 500.00 limit.  I do have the HSBC Discover Card which is the 2% thing with only a 19.00 annual fee and 300.00 limit.  I kept this one because the annual fee was much lower. I also had gotten approved with my credit union with 2000.00 limit, Cabelas Club Visa 500.00, Best Buy 2000.00.  I am trying to get away from cards with annual fees.  Since Capital One and HSBC Discover's fees were so low I kept them.
2/01/09 TU 678 EQ 690 EX 655
06/12/2014 EQ 634/ TU 623/ EX 618
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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.