topic Re: HSBC question in Credit Cards

HSBC question

Anonymous — Tue, 18 Aug 2009 04:12:21 GMT

I've read on this forum that once you are approved for 1 of HSBC cards you can not apply for their other products for a certain period of time... Is this true? what if I get HSBC Platinum and then apply for Bst Buy store card? will I get turned down for having an HSBC card already?

Re: HSBC question

Anonymous — Tue, 18 Aug 2009 10:08:06 GMT

I don't know the time frame for applying for another card, but you can have at least two cards with them. I currently have HSBC Platinum Mastercard and I also have a Sears Soultion Mastercard and that is with HSBC as well. Their pretty stingy with CLI's though. I have had the HSBC Platinum for 3 years and only received a twenty dollar increase and I have had the Sears Solutions Mastercard for 2years and never received a CLI. I pay both cards on time, and more often than not I pay in full.

Re: HSBC question

Anonymous — Wed, 19 Aug 2009 08:05:44 GMT

Anybody else knows?

Re: HSBC question

Anonymous — Wed, 19 Aug 2009 10:33:18 GMT

@Anonymous wrote:
I've read on this forum that once you are approved for 1 of HSBC cards you can not apply for their other products for a certain period of time... Is this true? what if I get HSBC Platinum and then apply for Bst Buy store card? will I get turned down for having an HSBC card already?

NO! (This has been asked/answered many times.)

Re: HSBC question

Anonymous — Fri, 21 Aug 2009 08:31:38 GMT

what if I get denied? can I apply for another HSBC product then?

Re: HSBC question

KG — Fri, 21 Aug 2009 13:27:32 GMT

I have four HSBC cards: 2 HSBC mastercards with small credit limits, 1 Priscilla's store card and 1 Best Buy card. If there's a limit, it's news to me. For the record, the 2 mastercards were applied for about 3 years apart (and I would like to combine them). I got the Priscilla's card in January '09 and just applied with Best Buy last week so those two were about 8 months apart in age.

Hope this helps.

Re: HSBC question

Anonymous — Fri, 21 Aug 2009 13:40:50 GMT

I app'd for and received HSBC Orchard 12/08. I then pre-approved (probably about 5/09) on the HSBC site for a platinum card, hit the button to apply, and received a message saying that my app was denied because I had recently opened an HSBC card, and that they like 18 months between new cards.

So evidently there's no limit on number of HSBC cards, but HSBC did publish a policy of 18 months between apps. Based on previous post, maybe you'd have better luck apping for HSBC first, and then Best Buy 2nd - maybe that would get around the HSBC policy - store cards (even though serviced by HSBC) may not have the same policy. I received my message apping for a straight-up HSBC card. Hope that helps.

Good luck with your credit hunting!

Message Edited by beamMEup on 08-21-2009 07:40 AM

Re: HSBC question

Anonymous — Fri, 21 Aug 2009 20:48:06 GMT

Thank you so much. Now I know

Re: HSBC question

Anonymous — Fri, 21 Aug 2009 21:28:00 GMT

I do not believe the 18 month policy applies to the Best Buy store card.

Re: HSBC question

Anonymous — Fri, 21 Aug 2009 21:34:46 GMT

@Anonymous wrote:
I do not believe the 18 month policy applies to the Best Buy store card.

Yeah- I'm a thinkin' it may only apply to the HSBC card - therefore might be best to apply HSBC first - then HSBC store cards.

Re: HSBC question

Anonymous — Fri, 21 Aug 2009 21:45:56 GMT

@Anonymous wrote:
@Anonymous wrote:
I do not believe the 18 month policy applies to the Best Buy store card.

Yeah- I'm a thinkin' it may only apply to the HSBC card - therefore might be best to apply HSBC first - then HSBC store cards.

I doubt the order matters, but I would always app credit cards before store cards. Store cards are a much easier approval. It is even possible that the CL from the credit card approval could help you with the following store card app.