topic Re: Kept my HSBC MC with reduced AF in Credit Cards

Kept my HSBC MC with reduced AF

Red1Blue — Fri, 27 Mar 2009 14:28:56 GMT

I have decided to keep my HSBC MC for another year. I made the deal so they reduced the AF from $39 to $19.50. I had the card for 3 years, I'll keep it for another year and let it post on my account. They also gave me $100 CL so now my new CL is $1600.

Re: Kept my HSBC MC with reduced AF

Anonymous — Fri, 27 Mar 2009 16:45:25 GMT

Not a bad deal at all, glad to hear that you kept the card especially if it's one of your oldest cards.

Re: Kept my HSBC MC with reduced AF

Anonymous — Fri, 27 Mar 2009 19:45:58 GMT

I hope they are as generous with my BF when his card hits its anniversary. Congrats on both the CLI and the AF reduction.

Re: Kept my HSBC MC with reduced AF

Anonymous — Fri, 27 Mar 2009 20:14:58 GMT

Tonnie39, don't hold your breathe. They're only good for building credit, they don't grow with you.

Re: Kept my HSBC MC with reduced AF

Red1Blue — Fri, 27 Mar 2009 21:06:43 GMT

It started at $300 around 3 years ago and now it is at $1600. It is a definitely a good starter card comparing to CreditOne and several others. Looking back I dont think it is all that bad considering where I started and where I am now. As long as they keep giving me reduce AF I'll keep the card for few more years, after all it is some thing to rememeber by from where I started to where I am now.

Re: Kept my HSBC MC with reduced AF

Anonymous — Fri, 27 Mar 2009 21:33:21 GMT

With a 3 year positive history on that card, and if you have kept your recent (last 3-4 years) credit clean and have worked to clean up the past, you may be ready to look at a better card. Although a new account will lower your AAoA, this is inevitable whenever you do apply.

Re: Kept my HSBC MC with reduced AF

Anonymous — Fri, 27 Mar 2009 21:34:44 GMT

Concorduser, what other cards do you have in your arsenal? Just curious

Re: Kept my HSBC MC with reduced AF

haulingthescoreup — Fri, 27 Mar 2009 22:49:03 GMT

txjohn wrote:

With a 3 year positive history on that card, and if you have kept your recent (last 3-4 years) credit clean and have worked to clean up the past, you may be ready to look at a better card. Although a new account will lower your AAoA, this is inevitable whenever you do apply.

YoungEntrepeneur wrote:

Concorduser, what other cards do you have in your arsenal? Just curious

lol, you two, concorduser is our preeminent acquirer of credit. He has enough plastic to scrape ice and snow off his windshield for a long, long time to come.

concord, congrats on successfully wrestling HSBC down to the ground! I think it's cool that you're hanging on to one to remind you where you started, and how far you've come.

edit: "dome"? cna't splel

Message Edited by haulingthescoreup on 03-27-2009 03:49 PM