Multiple HSBC cards

[shyboy]

To jaystay, Best Buy currently has two issuers for their card. One from HSBC and another from Chase. Why don't you just apply for the one from Chase?

[laz98]

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@shyboy wrote:
To jaystay, Best Buy currently has two issuers for their card. One from HSBC and another from Chase. Why don't you just apply for the one from Chase?

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i didn't know that......do you have to apply through the chase website?

[shyboy]

Im sorry i haven't been working for best buy for a year now, but if memory serves correctly, when you apply for a card you are actually applying for both cards but with one inquiry. If you are approve for both, i believe you have the option of selecting one of the two.

Hope this helps 

[-RED]

I think Chase is no more!

[danababy98]

I was just approved for a BB store card and it's issued by HSBC, not Chase.  My husband has the BB MC, which is also issued by HSBC.  In total between the 2 of us, we have 6 HSBC credit cards...Alot of people aren't very fond of them, but they've been good to us! 

[credithappy]

Hi

Last year around November 2009 I was denied a credit card with HSBC Best Buy "Unfortunately, we are unable to approve your credit application at this time".  I it might funny that I have 2 CCs and an auto loan from them.  My credit limits on my cards are small $750 with 0 % interest on MC for 1 year and $500 at 2.90% interest for 6 months on Discover.  I would like to get another card but I can wait until my BK coming off next year and my inquires.  I have a CU credit card and it has been good to me and I can not complain.

[Anonymous]

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@Anonymous wrote:

Your account must be at least 18 months apart or they will hit you with a hard pull without even considering you.

You will be shown an error message that says the reason for decline is " You where recently approved for an HSBC acount".

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This happened to me as well.  I had an HSBC Orchard and applied for an HSBC Visa or MC.

I think it has to do with the particular card and the order in which you app.  They did the hard pull, though, and I was peeved.  (Did close my Orchard a few months later and am not looking for a new HSBC card - but they did my very well as a rebuilder card and I recommend them highly for that).

[JMN]

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@shyboy wrote:

Im sorry i haven't been working for best buy for a year now, but if memory serves correctly, when you apply for a card you are actually applying for both cards but with one inquiry. If you are approve for both, i believe you have the option of selecting one of the two.

Hope this helps 

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Unfortunately, it counts as two inquiries. When you apply, your application will first be reviewed by HSBC. If you are declined by HSBC, your application is automatically submitted to Chase for review - which is pulled as a second inquiry. 

There is no way to directly apply for the Chase version unless you are declined first by HSBC. 

[Anonymous]

Well I applied and got denied for the BB card. The only reason I applied was because the pre-selector gave me a preapproval. I got declined with reason being insufficient credit references. I currently can't even check my fico right now because I don't have any current TLs, guess my new rehabbed SLs haven't posted yet. So now I hindsight I probably should have checked my score before apping anywhere.

Anyway, I have no cards at all which is killing my score so I am going to have to take the Orchard secured card route, but I don't want to lose eligibilty for the BB card so I can re-apply for it when I have a better score and more credit references.