03-17-2010 03:27 PM
i have an HSBC MaterCard and applied for another card and got a denial saying "you were recently approved for an HSBC account".
does anyone know how long the account must be open before getting approved for another account? i want to apply for an account and then combine the accounts for a higher cl.
has anyone else successfully done this?
03-17-2010 07:02 PM
They say they have to be 18 months apart but sometimes it takes about 6 months. They do combine accounts, it can be 2 HSBC or Orchard accounts, but as of right now they are not combining any.
03-17-2010 11:25 PM
You can't apply for more than one card if both cards are considered to be within the same "class" of cards, i.e. if you get approved for a Household Bank mastercard you can't turn around and be approved for an Orchard Bank mastercard because both of these are "credit rebuilder" type cards.
At least that's how the CSR rep explained it to me. Maybe you should call and see what answer you receive.
03-18-2010 07:04 AM
When I called back in January and requested to combine both my Orchard and BB RZ MC they said no. When I told them to close them both, the offered 1/2 off Orchard AF, 100% off BB AF and gave me a $400 CLI on Orchard, up to $900 from $500. Not bad but i'm still going to close them next year if they don't give me credit for both AF's but not before I obtain my new high limit cc later this year.
03-18-2010 01:26 PM
Those reps don't know what they be talking about half the time. I have a HSBC Mastercard and a Orchard Mastercard. They recently stopped combining cards and giving cli because of the new credit card act.
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