topic Re: A Wierd CLD from HSBC And Good News from AMEX in Credit Cards

A Wierd CLD from HSBC And Good News from AMEX

plasticguy — Sat, 03 Jan 2009 20:20:01 GMT

This one is the cash limit on HSBC. It was half of the total credit line of $12,500 which was $6250. They have reduced the cash portion down to $3125. No notice was given. I never used the cash portion of the account. They said they were not going to reduce the Purchase line of 12.5K. It was a business Decision and it wasn't personal

Current APR for purchases is 6.74% :?
Current APR for Cash is 12.24% :?

AMEX good news, Since they've backdated the accounts to the date when you first became a member, my credit history turned 22 years old as of Jan 2009. All three agencies report AMEX card was opened in Jan 1987, but in reality, the blue was open in Jan 08. I had the green card in 87, defaulted in 89. Unable to get Amex again until Jan 08, still at 23k and 5.99 APR

Re: A Wierd CLD from HSBC And Good News from AMEX

haulingthescoreup — Sat, 03 Jan 2009 20:28:24 GMT

Reduction in available cash advance amount

Re: A Wierd CLD from HSBC And Good News from AMEX

jaxstraw — Sat, 03 Jan 2009 21:23:01 GMT

If you defaulted with Amex in '89, how did you get them to re-instate the age ??? Did they hold you to the payment on the default before backdating ?

Re: A Wierd CLD from HSBC And Good News from AMEX

plasticguy — Sat, 03 Jan 2009 21:43:34 GMT

I filed BK in 89. I don't know why they backdated the blue account It says when i sign in Welcome_____member since 1987

Amex
Status as of [?] Nov, 2008
Date opened [?] Jan, 1987
Date of last activity [?] Nov, 2008
Date closed [?] Not Reported
Account number [?] Not Reported
Loan type [?] Not Reported
Credit limit [?] $23,000
Largest past balance [?] Not Reported
Terms [?] Not Reported
Account Type [?] Revolving
Account holder [?] Individual
Scheduled payment amount [?] $0
Descriptions [?]

* Credit Card

Balance [?] Current Status [?] Past Due Amount [?]
$0 Pays account as agreed Not Reported
Seven year payment history [?]
30 days late 0 times
60 days late 0 times
90+ days late 0 times

I didn't ask for the retrograde, it just happened

Re: A Wierd CLD from HSBC And Good News from AMEX

plasticguy — Sat, 03 Jan 2009 21:49:38 GMT

EXPERIAN

Account Name: AMEX
Account Number: xxxxxxxxxxxxxxxxxxxxxxxxxxx
Acct Type: Credit Card - Revolving Terms
Acct Status: Open
Monthly Payment:
Date Open: 1/1/1987
Balance: $0.00 $
Terms: Revolving
High Balance: $3,828.00
Limit: $23,000.00
Past Due: $0.00
Payment Status: Current

Re: A Wierd CLD from HSBC And Good News from AMEX

score_building — Sat, 03 Jan 2009 21:52:02 GMT

jaxstraw - this is how many who get the back date can do it. it starts with a defaulted account that is 'resurrected'... i think depending on how long ago it went bad, etc. they may not take the money for it. i offered- called and gave them checking info and authorization but they never took the money, others are able to repay. still others, like plastic, receive the backdate with no outreach.

in my case i had already repaid the acct through collections more than 15 years ago but amex didn't seem to have a record of that, so don't know perhaps ultimately that is why they didn't take the money from me again before backdating my cards to 1990 upon request.

Re: A Wierd CLD from HSBC And Good News from AMEX

plasticguy — Sat, 03 Jan 2009 23:11:36 GMT

Everything was erased from my file so I started from scratch. However, CITI, & AMEX still had the records. They couldn't get money from me, I got rid of every card, and did not get a card until 1994 with chase and my BK was still on my report!

Re: A Wierd CLD from HSBC And Good News from AMEX

Anonymous — Sun, 04 Jan 2009 02:16:04 GMT

I think they cut my cash from 1900 to 425. the int. rate is exorbitant. almost as bad as Merrick. I think I should close this acct. but i don't use it much and pif. I've had it since '03. they really are bad though. what do you think?

Message Edited by casinoannie97 on 01-03-2009 06:16 PM

Re: A Wierd CLD from HSBC And Good News from AMEX

jaxstraw — Sun, 04 Jan 2009 13:04:13 GMT

Thanks, I had an AMEX Green form '92 that I defaulted on in '94 and is way past SOL.

Applied and recieved Delta CC eight months ago and converted to Blue Cash a few months ago after Ducky's post.

It's listed on TU and EQ as account closed by consumer ( who knows why, I only started looking into my credit last year after over decade) so it gives good average age to those CR's.

I would love to get it back on EX for the same reason and to improve my standing w/ AMEX.

I know , I know, but someday we'll get through all this BS w/ AMEX and it might be helpful.

BTW, has anyone ever heard of product changing from a Blue to a Green ?? I know others have posted it can't be done but with AMEX leaning more towards charge cards supposedly, it is something I would be interested in if possible. Meeting that Blue Cash quota is possible but takes away from other rewards cards in the long run.

Maybe I'll give them a call and see what they say.

Message Edited by jaxstraw on 01-04-2009 05:04 AM

Re: A Wierd CLD from HSBC And Good News from AMEX

Scamp — Sun, 04 Jan 2009 13:34:24 GMT

jaxstraw wrote:

BTW, has anyone ever heard of product changing from a Blue to a Green ?? I know others have posted it can't be done but with AMEX leaning more towards charge cards supposedly, it is something I would be interested in if possible.

I was just talking to a Gold card CSR about other charge cards, as I'm considering downgrading to save a few bucks on the AF, and I asked her about this very thing. She confirmed that you can't really 'convert' from a revolver to a charge card, or vice-versa; all you can do is apply for the other kind of card and, if approved, then close the original card.

(edited because I'm still waking up and misread jax's post)

Message Edited by Scamp on 01-04-2009 05:34 AM

Re: A Wierd CLD from HSBC And Good News from AMEX

jaxstraw — Sun, 04 Jan 2009 14:00:11 GMT

Thanks Scamp.