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gettingstarted wrote:

Just want to know if anybody has had any success with getting HSBC to drop their annual fee after you have been with them for awhile

 

FICO: EQ:735 TU: 760 EXLUS 747

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I called HSBC last week for the same reason. I have an Orchard with a $400 limit & a $59 annual fee. The limit is so ridiculously low that I don't even use the card. My AF hits in May. When I called & told them to cancel because of this reason, the CSR said they could waive the AF, but I have to wait & call back when the AF actually appears on the statement. Apparantly they can't do it ahead of time? Either way, I'll end up cancelling it eventually- I have a pretty thin credit file & need to rack up a couple more revolving lines before I cancel. This account helps put me in a better 'number of accounts' catagory for now.

I have been waiting to axe my Household Bank card also but im just curious how the transition to Cap 1 will affect me first before I drop it. Its funny that I have been

getting Ochard Bank, and BBMC card offers from emails and mails almost every week right now even though I already have two accouts with them.

Guess they are trying to get everything they can before they finalize it.

According to the most recent BBMC card offer, it states at after 04/30/12 all credit decisions will be made my Cap 1, so I guess I will wait til then to see how it turns out.

I was wondering when the transition was going to take place I could never get definitive answer thanks for the heads up

My AF comes due in October $79. I WILL be axing this card unless they waive the fee in full. I have zero love for them after I asked for a cli and specifically made it clear, over and over that if it were to be a HP that I didn't want it. They promised it wouldn't be. Then guess what? Hard pull on EQ. D-bags.

Yeah they didnt do a hard pull but I only got a 100.00 increase to take my limit to only 400.00 Im thinking of axing them as well as soon as I get back from Afghanistan the only reason I have kept them so far is because they lowered my APR to 6% and waived the AF while Im deployed.

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LS2982 wrote:

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gettingstarted wrote:

Sorry the annual fee is 59.00 and yes I have a chase master card with a limit of 500.00 and just got approved for a discover card with 6000.00 not reporting on 3 CRA yet no missed payment and no colletios on my CR

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I'd axe it. No need to pay that fee for that toy limit.

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+1 

I got my AF easily waived on two HSBC products. I think the issue is most ppl SD the card for 12 months and then expect the courtesy of a goodwill gesture in the form of a $39-$79 adjustment. It costs money to maintain an account and report every month, so no charges = no revenue = not worth saving. So I just make one tiny purchase quarterly to keep the cards active.

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mxp114 wrote:

I got my AF easily waived on two HSBC products. I think the issue is most ppl SD the card for 12 months and then expect the courtesy of a goodwill gesture in the form of a $39-$79 adjustment. It costs money to maintain an account and report every month, so no charges = no revenue = not worth saving. So I just make one tiny purchase quarterly to keep the cards active.

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Good point! I porbably would have been able to remove my AF from household but didn't like how their CS did me.

They waived my $59 annual fee in January but I definitely had to go the threaten to cancel route with them!