Reply
Regular Contributor
Teasha
Posts: 129
Registered: ‎11-06-2010
0

HSBC SECURE CARD

I'm planning on closing my HSBC secure card before the af applies in November. I'd like to see if I can negotiate a better deal with the threat of closing the account.
Am wondering if anyone's had any luck or tried switching the card to a Cap1 unsecure card with no AF?
My scores are in the signature. Any ideas or suggestions before I call?
Thanks!

Starting Score: 0 No score until August 2011
Current Score: 8/9/14 EQ Fico 711, 8/9/14 TU Fico 744, 8/9/14 EX fico 738
Goal Score: 800
My wallet: Cap one $3000 | Venture $7000 | Amex BCP $15,000 | Amex BSE $2000 | Discover it $7000 | Lowe's $10000 DCU $2,000, CITI TYP $8,200. Macy's Amex store limit $1200, Macy's Amex $6000.
Back in the garden!
Take the FICO Fitness Challenge

Senior Contributor
Wolf3
Posts: 3,198
Registered: ‎01-24-2010
0

Re: HSBC SECURE CARD


Teasha wrote:
I'm planning on closing my HSBC secure card before the af applies in November. I'd like to see if I can negotiate a better deal with the threat of closing the account.
Am wondering if anyone's had any luck or tried switching the card to a Cap1 unsecure card with no AF?
My scores are in the signature. Any ideas or suggestions before I call?
Thanks!

Is it a HSBC logo card (not Orchard, Household)?  I think the HSBC logo cards stayed with HSBC.  My logon is still active and it did not change to Captial One.     

 

I had an HSBC logo secured card that I closed last year.     When I went to close it they gave me 1% cash back so I kept it for another 6 months.    That was HSBC and not Captial One. 

Regular Contributor
Teasha
Posts: 129
Registered: ‎11-06-2010
0

Re: HSBC SECURE CARD

[ Edited ]

Thanks for the reply! 

The card is an Orchard card and is reporting as Cap1 with the CRA's. I've read a few posts on the secure cards and it seem i may need to negotiate for no AF and just keep the card.  It would just be nice to upgrade the card to something better or more flexible without the HP if possible. I've read but not confirmed orchard/HSBC still honor the soft pull for cli's, correct me if I'm wrong.

 

Worst case, I'll have th drop the AF and sock drawer it.


Starting Score: 0 No score until August 2011
Current Score: 8/9/14 EQ Fico 711, 8/9/14 TU Fico 744, 8/9/14 EX fico 738
Goal Score: 800
My wallet: Cap one $3000 | Venture $7000 | Amex BCP $15,000 | Amex BSE $2000 | Discover it $7000 | Lowe's $10000 DCU $2,000, CITI TYP $8,200. Macy's Amex store limit $1200, Macy's Amex $6000.
Back in the garden!
Take the FICO Fitness Challenge

Senior Contributor
Wolf3
Posts: 3,198
Registered: ‎01-24-2010
0

Re: HSBC SECURE CARD


Teasha wrote:

Thanks for the reply! 

The card is an Orchard card and is reporting as Cap1 with the CRA's. I've read a few posts on the secure cards and it seem i may need to negotiate for no AF and just keep the card.  It would just be nice to upgrade the card to something better or more flexible without the HP if possible. I've read but not confirmed orchard/HSBC still honor the soft pull for cli's, correct me if I'm wrong.

 

Worst case, I'll have th drop the AF and sock drawer it.


When you ask for a CLI, you have to agree that they can pull your credit.   So it can be a HP.

 


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+