topic Re: HSBC Cash Rewards Mastercard® credit card Application - Action Required in Credit Card Applications

HSBC Cash Rewards Mastercard® credit card Application - Action Required

PointsBonus — Tue, 20 Nov 2018 20:21:49 GMT

Anyone get this email ?

HSBC Cash Rewards Mastercard® credit card Application - Action Required

Completed SSA89 Form (attached) - the signature and date field must be handwritten for the document to be valid.
Address verification documentation - acceptable forms of proof of address are tuition bill, utility bill, lease agreement and SSA benefits letter dated within 60 days (cell phone bills are not acceptable).
Verification of your identity - please provide a copy of the ID you used to complete your application.

- If so can anyoen shed some light on what i should expect next ? Approved ? Denied ?

All the stuff have been sent over.

Thank You all

Re: HSBC Cash Rewards Mastercard® credit card Application - Action Required

xaximus — Tue, 20 Nov 2018 21:02:39 GMT

If a lender is asking for verification - as long as everything lines up - that sounds like an approval to me.

Re: HSBC Cash Rewards Mastercard® credit card Application - Action Required

DaveInAZ — Tue, 20 Nov 2018 23:34:26 GMT

@xaximus wrote:
If a lender is asking for verification - as long as everything lines up - that sounds like an approval to me.

Well no, in my experience with HSBC last year the security department has to verify ID before the app is sent to underwriting for a decision. I would balk at signing a SSA-89, that authorizes the Social Security Admin to verify the SS# you provide against your name & date of birth. The most I've ever been asked for is a copy of my SS card. HSBC was a royal pain on ID verification last year, and it sounds like they're making themselves even more of a pain.

Re: HSBC Cash Rewards Mastercard® credit card Application - Action Required

FinStar — Wed, 21 Nov 2018 02:21:45 GMT

@DaveInAZ wrote:
@xaximus wrote:
If a lender is asking for verification - as long as everything lines up - that sounds like an approval to me.
Well no, in my experience with HSBC last year the security department has to verify ID before the app is sent to underwriting for a decision. I would balk at signing a SSA-89, that authorizes the Social Security Admin to verify the SS# you provide against your name & date of birth. The most I've ever been asked for is a copy of my SS card. HSBC was a royal pain on ID verification last year, and it sounds like they're making themselves even more of a pain.

As mentioned above, that's typically the initial point of verification. This doesn't necessarily translate into an approval, though. Most HSBC applications that go into exception processing tend to have these document requirements before any decisions is made. So, 50/50 at best OP.

Re: HSBC Cash Rewards Mastercard® credit card Application - Action Required

PointsBonus — Thu, 22 Nov 2018 04:14:36 GMT

This is the email I received this morning after sending them all the stuff they needed....makes no sense....

Thank you for applying for an HSBC Cash Rewards Mastercard® credit card.

Unfortunately, we are unable to approve your application, because we are unable to verify your identity.

Please note, a credit check was not performed.

Re: HSBC Cash Rewards Mastercard® credit card Application - Action Required

Anonymous — Fri, 23 Nov 2018 14:32:28 GMT

I went round and round with HSBC trying to open a high yield savings account. I got disgusted and just gave up. I suspect they got burned so badly with the money laundering stuff several years ago that they are being SUPER picky about identifying potential customers. More trouble than they're worth, as far as I'm concerned.

https://www.marketwatch.com/story/netflix-documentary-re-examines-hsbcs-881-million-money-laundering-scandal-2018-02-21

Re: HSBC Cash Rewards Mastercard® credit card Application - Action Required

FinStar — Fri, 23 Nov 2018 16:21:35 GMT

Well, in the end if they can't verify or confirm the information as provided with other identity sources, then they can't open an account for you OP. It happens often with HSBC.

On the upside, no HP.

Re: HSBC Cash Rewards Mastercard® credit card Application - Action Required

pizza1 — Sat, 24 Nov 2018 01:19:03 GMT

@PointsBonus wrote:
This is the email I received this morning after sending them all the stuff they needed....makes no sense....

Thank you for applying for an HSBC Cash Rewards Mastercard® credit card.
Unfortunately, we are unable to approve your application, because we are unable to verify your identity.
Please note, a credit check was not performed.

Sounds like a Blispay comment, lol