Reduction in available cash advance amount (HSBC)

[texasbill]

I am glad that this thread is here! I just got my Orchard statement, and was wondering what I did to deserve a cut to 25% of my $320 CL for cash advances! I have never used this feature on the card, and I PIF every month. Thanks for the info that it seems to be across the board for Orchard and HSBC holders.

FICO's: TU 603, EX 635 EQ 651

[Anonymous]

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@WhirledPeasPlease wrote:

This isn't exactly a CLD, but it did catch my attention.  (You know when you log in to a CC's website and something just doesn't look right?)

I logged in to check on my HSBC Discover and saw that the amount available for cash is 375.  (Hmm, odd amount.)  I went back and looked at the last statement and sure enough it had been cut in half.  I've never taken a cash advance on this card, or any for that matter, so losing the avail cash amt is not a big deal.  They didn't touch my regular CL.

Anyone else noticed this with this issuer or with others?

Message Edited by WhirledPeasPlease on 01-03-2009 03:51 PM

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Between us, hubby and I have four HSBC cards. NONE of them ever had an option to access cash. Don't care, either, because that's a huge no-no that I'd never do.

Then, this month, all of them now allow us to access 20% of the CL in cash. Weird.

Hubby also has a $5k HSBC Discover card.  On THAT one, he used to be able to access half the line in cash. That was cut in half on the same day the other changes took place.

All the statements eventually trickled in and they all had a notice about "changes to your cash access amount," as if they'd been reduced. LOL.  They never used to exist at all!

[dizbuster]

Yep, same here. My Orchard Bank cards cash advance has been lowered to $237. and change with a $950 cl. It looks like it's happening across the board. It doesn't bother me much though as I never use that option anyway. But still, I am sorry to hear about everyone else but at least I'm not the only one.

[Anonymous]

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@Anonymous wrote:

The same thing has just happen to my HSBC Orchard cc. my cash advance limit has change from $300 to $75.

i feel like i should call and close this account

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Same thing happened to me too! Went for $300 to $75. I noticed it a few weeks ago but I figured it wasn't a big deal since I will never do a cash advance but weird none the less. 

[Anonymous]

I've had my Orchard card a year i never knew my cash advance limit cause i never took out one so i wouldn't no if it was changed or not lol

[Anonymous]

Weird, so i went to check and I didn't have a cash advance limit and now I have a $1250 cash limit.  Yep it is 25% of the credit line.  So strange.

[ChesterPDexter]

Yes, I just happened to notice this on my last bill, only because I was comparing the current bill with the one before for any differences.  I'm glad to know it was not necessarily anything personal, but being done nearly across the board (except those few who must have top-notch credit or something!)

[jmbfl]

Still no change for me. 100% of $2K CL of HSBC Direct Merchants Master Card available for cash advances as of today.

[Ariel]

Weird.  My Direct Merchant's is also not affected, but my Orchard, HSBC, and Best Buy cards have all had the cash advance limit reduced to 25% of the CL.  Not a feature I use, so I don't really care.

[Anonymous]

Cashh advance on my Hooters account is 100% still. I guess I never knew what the cash advance on my Juniper was. The web site doesn't say.