08-17-2009 09:12 PM
08-18-2009 03:08 AM
08-19-2009 03:33 AM
I've read on this forum that once you are approved for 1 of HSBC cards you can not apply for their other products for a certain period of time... Is this true? what if I get HSBC Platinum and then apply for Bst Buy store card? will I get turned down for having an HSBC card already?
NO! (This has been asked/answered many times.)
08-21-2009 06:27 AM
I have four HSBC cards: 2 HSBC mastercards with small credit limits, 1 Priscilla's store card and 1 Best Buy card. If there's a limit, it's news to me. For the record, the 2 mastercards were applied for about 3 years apart (and I would like to combine them). I got the Priscilla's card in January '09 and just applied with Best Buy last week so those two were about 8 months apart in age.
Hope this helps.
08-21-2009 06:35 AM - edited 08-21-2009 06:40 AM
I app'd for and received HSBC Orchard 12/08. I then pre-approved (probably about 5/09) on the HSBC site for a platinum card, hit the button to apply, and received a message saying that my app was denied because I had recently opened an HSBC card, and that they like 18 months between new cards.
So evidently there's no limit on number of HSBC cards, but HSBC did publish a policy of 18 months between apps. Based on previous post, maybe you'd have better luck apping for HSBC first, and then Best Buy 2nd - maybe that would get around the HSBC policy - store cards (even though serviced by HSBC) may not have the same policy. I received my message apping for a straight-up HSBC card. Hope that helps.
Good luck with your credit hunting!
08-21-2009 02:34 PM
I do not believe the 18 month policy applies to the Best Buy store card.
Yeah- I'm a thinkin' it may only apply to the HSBC card - therefore might be best to apply HSBC first - then HSBC store cards.
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.