Credit Cards

[Ron1]

I received a denial letter from HSBC Card Services (now part of Cap1) and the reason were too many accounts recently opened and  unable to increase limit within six months since last increase.  By the way, they pulled hard from TU. No more soft pull. In the letter, Best Buy Platinum MC is now issued by Cap1.  I thought thy weren't going to sell it to Cap. I was wrong. Only card is staying with HSBC is my HSBC Cash Back Platinum MC. No hard pull for CLI. I think BB store card still have soft pull for CLI at this moment. 

Ron.

[scottwagnon]

congrats. let us know if the terms of your card will be updated to reflect no foreign transaction fees.

[Ron1]

scott,

I don't think they will change anything now. The denial letter still said HSBC from Las Vegas. At the bottom of the letter,  you account is no longer serviced by HSBC Card Services Inc. I want to see what my statement will look like. My HSBC Cash Back Platinum is the only card staying with HSBC. They sent me a replacement card with the letter a month ago. I think your HSBC Cash Back Platinum will stay with HSBC.  My BB store card and Costco became Cap1.

Ron.

[LS2982]

I really hope they don't get stingy with CLI's......I may close it if that happens.

[scottwagnon]

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Ron1 wrote:

HSBC Cash Back Platinum will stay with HSBC.

Ron.

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true, but i read on Bloomberg that i believe the hsbc bank usa credit (platinum and rewards, not premier) is moving to First Nigagra.

[Ron1]

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LS2982 wrote:

I really hope they don't get stingy with CLI's......I may close it if that happens.

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LS2982,

You won't get any CLI with Cap 1. not even a stingy $200. I have had two Cap1 cards for over 10 years and I haven't gotten any. I called them and they told me my type of account weren't qualified for any increase. My cap1 account type is subprime.

Ron.

[Ron1]

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scottwagnon wrote:

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Ron1 wrote:

HSBC Cash Back Platinum will stay with HSBC.

Ron.

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true, but i read on Bloomberg that i believe the hsbc bank usa credit (platinum and rewards, not premier) is moving to First Nigagra.

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scott,

They only sold all New York branches to First Nigara.  Not Credit Cards. They're going to keep it.

Ron.

[Mike360]

Cap1 does give credit limit increases on the store cards. I just received a increase from $300 to $1500 on my Kohls Card that is Cap1. With no hard pull i may add.
And i called in to request this increase. Trust me i was surprised.

Now i've had my platinum card since 2004 and started out @ $500 and had increases to $1000 then it was upped to $1500 all within 2 years of opening it and have had nothing since. They offer no upgrades to me and they won't help with the $60/yr AF.

[Mike360]

Also if you go to Manage Your Account on bestbuy.com you'll see that as of May 1 both the store card and mastercard are owned by cap one now.

[logan_720]

There's still no way to pick which one to apply for