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.)
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.
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!
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.