topic HSBC, BestBuyMC and Cap1 - your thoughts in Credit Cards

HSBC, BestBuyMC and Cap1 - your thoughts

Anonymous — Tue, 23 Oct 2007 00:15:35 GMT

Does it take anyone at HSBC less than 10 days to do anything?

I do NOT like the way HSBC reports - takes my cards out of usage for 15 days so I don't kill util. They are making their way to the dump list at a fast pace.

Cap1 at least reports upon statement - and now reports CLs -- service isn't the most pleasant but then I don't deal with them much. W/O a LARGE CLI before July - they will be dumped.

You all have given me the courage to take no prisoners when it come to CCs.

Re: HSBC, BestBuyMC and Cap1 - your thoughts

John060675 — Tue, 23 Oct 2007 00:22:30 GMT

Good view on things! Sometimes it is hard to realize, but CC companies need us, not vice versa.

Take no prisoners!

Re: HSBC, BestBuyMC and Cap1 - your thoughts

Anonymous — Tue, 23 Oct 2007 00:33:59 GMT

My prob with HSBC is that you never know what balance they are going to report. I just paid mine off and will not use my BB MC again until I am sure it has reported the 0 balance. Too bad since I love my rewards. Will use the store card this weekend since I need a new dishwasher and can get 6 mso same as on it.

Re: HSBC, BestBuyMC and Cap1 - your thoughts

Anonymous — Tue, 23 Oct 2007 00:50:38 GMT

Would a 9.9% fixed APR, no AF card be a good swap for those 3? No rewards though.

Re: HSBC, BestBuyMC and Cap1 - your thoughts

Anonymous — Tue, 23 Oct 2007 01:03:12 GMT

Lady_Scarlet wrote:

Would a 9.9% fixed APR, no AF card be a good swap for those 3? No rewards though.

For cards you plan to carry a balance on, I would go for the lower rate. Carrying a balance usually ears up any rewards bennies in the long run. If you have rewards cards use the for pif purchases

Re: HSBC, BestBuyMC and Cap1 - your thoughts

Anonymous — Tue, 23 Oct 2007 01:50:57 GMT

I have given up on my HSBC cards until the AF is due next year-

Re: HSBC, BestBuyMC and Cap1 - your thoughts

Anonymous — Tue, 23 Oct 2007 01:57:23 GMT

Timothy wrote:
I have given up on my HSBC cards until the AF is due next year-

Luckily, my 2% doesn't have an annual fee but I think I will be giving up my BB MC come April. It does have a 39.00 AF though I think with a little finese, I ca nearn more in rewars than the AF but the financing deals are better with the store card.

Re: HSBC, BestBuyMC and Cap1 - your thoughts

Anonymous — Tue, 23 Oct 2007 02:34:51 GMT

Last week, I requested my Capital One card be canceled. From what I was told, it will take 2 billing statements (with a $0 balance) from the time of request for the account to be closed. My credit line was $9000. It had a 9.9% APR, no AF, and an absolutely crappy rewards program. My problem with Capital One was that they could never compete with my other cards in terms of credit lines, APRs, and rewards programs. I didn't hate Capital One--I was just always apathetic about the card.

Re: HSBC, BestBuyMC and Cap1 - your thoughts

Anonymous — Tue, 23 Oct 2007 02:41:24 GMT

Why close if it is not costing you anything?

@Anonymous wrote:
Last week, I requested my Capital One card be canceled. From what I was told, it will take 2 billing statements (with a $0 balance) from the time of request for the account to be closed. My credit line was $9000. It had a 9.9% APR, no AF, and an absolutely crappy rewards program. My problem with Capital One was that they could never compete with my other cards in terms of credit lines, APRs, and rewards programs. I didn't hate Capital One--I was just always apathetic about the card.

Re: HSBC, BestBuyMC and Cap1 - your thoughts

John060675 — Tue, 23 Oct 2007 02:54:11 GMT

Psychic,

I would keep it open and just sock drawer it. That is a huge CL to just throw away.

Re: HSBC, BestBuyMC and Cap1 - your thoughts

Anonymous — Tue, 23 Oct 2007 03:04:54 GMT

@Anonymous wrote:
Why close if it is not costing you anything?

@Anonymous wrote:
Last week, I requested my Capital One card be canceled. From what I was told, it will take 2 billing statements (with a $0 balance) from the time of request for the account to be closed. My credit line was $9000. It had a 9.9% APR, no AF, and an absolutely crappy rewards program. My problem with Capital One was that they could never compete with my other cards in terms of credit lines, APRs, and rewards programs. I didn't hate Capital One--I was just always apathetic about the card.

I've been thinking about canceling that card for a few years. My total available credit (without Capital One) is $138,250. So, my utilization won't be hurting. I guess I'm just suffering from Capital One apathy.

Message Edited by psychic on 10-22-2007 08:04 PM

Re: HSBC, BestBuyMC and Cap1 - your thoughts

Anonymous — Tue, 23 Oct 2007 04:31:09 GMT

I'm waiting for the day to get near that limit again...

I went app crazy in September - just too much and some that I probably shouldn't have gone for . Ce la Vie...

But I should hopefully get a CLI on at least one in April. At which point I should have a shot at converting target recard into a Visa.

But I will remember the 2 months with Cap 1 - need to sock drawer it in April then after that month's statement - just in case I go ahead and close it. It might remain - (it has the lowest of the AFs) and HSBC reporting means no using the cards for 15 days with when my statement cuts on the 2 cards (maybe I can move that though closer to the end of the month).

Re: HSBC, BestBuyMC and Cap1 - your thoughts

John060675 — Tue, 23 Oct 2007 04:33:46 GMT

$138,000 in available credit! All I can say is Wow! I am no match for that!

Re: HSBC, BestBuyMC and Cap1 - your thoughts

Anonymous — Tue, 23 Oct 2007 06:04:23 GMT

John060675 wrote:
$138,000 in available credit! All I can say is Wow! I am no match for that!

John--

I assume that "060675" stands for your birthdate. I could call myself--"psychic010757." In a few years, you'll probably have twice as much credit as I now have.