topic Re: HSBC CLI? in Credit Cards

HSBC CLI?

eddymvp — Thu, 09 Oct 2008 18:41:26 GMT

I have called them a few times requesting a LI and they have denied it. I've had this card for a year now and have not received any increase. How much longer do I have to wait to get the increase?

Re: HSBC CLI?

Junejer — Thu, 09 Oct 2008 20:14:01 GMT

I sock-drawered mine, and got a CLI. Still, it wasn't enough of an increase to make me want to use it any more frequently. Back to the sock drawer it goes.

Re: HSBC CLI?

Anonymous — Thu, 09 Oct 2008 20:46:40 GMT

Which card? Orchard, Household, or a prime card?

Re: HSBC CLI?

jmbfl — Fri, 10 Oct 2008 08:41:54 GMT

You could be waiting forever. My Direct Merchants MC has been stalled out at $2K for years. I won't ask them for anything in terms of CLI. I will be asking for an AF waiver and an APR reduction when it is time. HSBC is just ridiculous!

Re: HSBC CLI?

Anonymous — Fri, 10 Oct 2008 10:08:17 GMT

You really don't want a cli from HsBC. You can ask all you want but they are very difficult to work with. (that's my experience).

Re: HSBC CLI?

eddymvp — Fri, 10 Oct 2008 12:32:29 GMT

@Junejer wrote:
I sock-drawered mine, and got a CLI. Still, it wasn't enough of an increase to make me want to use it any more frequently. Back to the sock drawer it goes.

I'm going to follow your advice and throw it into the sock drawer.

Re: HSBC CLI?

Anonymous — Fri, 10 Oct 2008 14:46:27 GMT

unfortunately, you might have to threaten to CANCEL the card, to get a CLI with HSBC, I started with a CL$300, now 2K....i call every three months or so and threaten to cancel, they transfer me to a customer care specialist who usually gives me the increase..

Re: HSBC CLI?

rubaty — Fri, 10 Oct 2008 17:50:19 GMT

I had a Orchard CC for 6 years...it started at $500 & ended at $2900.

I just got a GM MC in Dec and havent got an CLI yet.

Re: HSBC CLI?

USC08 — Fri, 10 Oct 2008 18:03:00 GMT

@Anonymous wrote:
unfortunately, you might have to threaten to CANCEL the card, to get a CLI with HSBC, I started with a CL$300, now 2K....i call every three months or so and threaten to cancel, they transfer me to a customer care specialist who usually gives me the increase..

What # do you call? I've had a BB MC for almost 2 years next month. It's been stuck at $300.

Re: HSBC CLI?

Anonymous — Fri, 10 Oct 2008 18:29:14 GMT

try this link...... http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&message.id=119246#M119246

basically i just call the number on the back, tell them i want to cancel, they always ask me "why" i tell them the CL is too small, the always transfer me to "acccount specialist" who discourages me from canceling the card and offers me a 200-450 CLI

Re: HSBC CLI?

My2cents — Fri, 10 Oct 2008 19:46:10 GMT

The squeaky wheel get the oil. Ask for what you want. I also asked for them to waive my AF and they refunded me half, because I threaten to close. So oatmeal beats nomeal.

My2cents

Re: HSBC CLI?

Junejer — Sat, 11 Oct 2008 02:38:54 GMT

FaircreditguyFL wrote:
Which card? Orchard, Household, or a prime card?

Orchard.

Re: HSBC CLI?

Anonymous — Sat, 11 Oct 2008 02:53:38 GMT

I agree. Call and threaten to cancel, but be prepared to really do it if you get a grumpy CSR who just doesn't care. I have had my AF waived and free CLI this way. I really wanted to cancel but if it isn't costing me anything to keep racking up the positive history, I'm sock drawering it too and pulling it out for $10 every 3 months.

Re: HSBC CLI?

wmarat — Sat, 11 Oct 2008 02:55:59 GMT

Does HSBC treat in such a way any card or only rebuilders?

Re: HSBC CLI?

Anonymous — Mon, 03 Nov 2008 04:21:58 GMT

Oooooooooo yeah! If you threaten to cancel Orchard, be prepaired to actually do so. I got them in 9/07, 300 CL AF of 79.00. I had gotten a CLI to 400 a few months ago, but still did not want to pay the AF since I had also gotten a few other cards with no annual fee. A week before my 1 year anniversary, and with a 0 balance, I called to ask them to waive the fee. The woman I spoke with said that they would not. She did offer to reduce it by half, but I still was not willing to pay 40.00 for a 400.00 CL. I requested a cancellation, and she was QUICK to oblige!

I really did not want to cancel the card, but in the long run I think it was the best thing to do. I am still rebuilding and do not have major Cls, but my next lowest credit line is $1100.00 with no annual fee and my max is $2500.00 with no annual fee. Especially since Orchard should still continue positively reporting to the CBs because I had a 0 balance at the time of closing, I figured I was in a pretty good position to walk away. It served its purpose. Consider what it is that you need/want the card to do for you now.. and weigh your options.

Message Edited by Changingmantra on 10-11-2008 04:45 PM

Message Edited by Changingmantra on 11-02-2008 08:21 PM

Re: HSBC CLI?

laz98 — Wed, 24 Dec 2008 19:12:12 GMT

i didn't have to threaten to cancel. i just called the number on the back of my card & asked. it wasn't a great CLI, but it wasn't a hassle either.

Re: HSBC CLI?

Anonymous — Mon, 06 Jul 2009 17:41:03 GMT

I called the Orchard's backdoor # today and got a $100.00 increase. I asked if I will be charged a fee for the increase and the nice lady said that they no longer charge a fee.

This month is my card's 6 month anniversary. I have asked for a CLI in the past and always gotten declined because I haven't had the card for long. My card anniversary date is 7/15/2009. Did I get a premature CLI for the 6 month anniversary or should I expect another CLI after 7/15?