01-13-2010 08:00 PM
I have an HSBC card (Orchard) and they are getting dropped within the week literally. Sure, they helped me rebuild my credit but, they've only gone from $300 CL to $400. In that time, my other cards have gone up way more. Heck, Capital One went from $500 to $5500... in one jump. That was pretty sweet.
I do not like paying the Orchard monthly $8 fee and they will be dropped immediately. If I were you I would try for an increase as I know they do that but, somehow they haven't done a thing for me. I guess when I've spoken with them on the phone I can't understand the accent and they are offering me all sorts of credit just in another language. Yeah, that's what it is.
01-13-2010 08:08 PM
01-14-2010 04:19 AM
I also have two HSBC cards and have been told by them that you have to wait 6 months before you are eligible for your first credit limit increase so you should be eligible. A good backdoor number is 1-800-395-6090. If they ask where you got the number just be sure to tell them that you asked the CSR on the phone for someone who could give you a credit limit increase and they transferred you.
The IVR system at most call centers tells the CSR if a call came through directly or if it was xferred. Also, the CSR will be required to leave in the account notes that they xferred the call and for what reasons.
01-14-2010 07:09 AM - edited 01-14-2010 07:10 AM
They are so cheap. I've been with them since 2003. and they are terrible with clis. Never had an auto increase in 7 years and their interet rate is like 30%.
I had Orchard also and they did give me some clis but I didn't want to pay fees.
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.
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.