topic Re: Has HSBC changed? in Credit Cards

Has HSBC changed?

MsKiwi — Sun, 26 Sep 2010 10:13:47 GMT

I logged on today to check my balance and they GAVE me a CLI. WTH? Did they lose their mind? I'm not objecting, but this is so not the HSBC I'm used to dealing with. I guess I'll just roll with it.

Re: Has HSBC changed?

Anonymous — Sun, 26 Sep 2010 13:58:29 GMT

Word around here is that HSBC was not giving out CLI, Guess they have changed.

Re: Has HSBC changed?

danisgods — Sun, 26 Sep 2010 18:19:33 GMT

@MsKiwi wrote:
I logged on today to check my balance and they GAVE me a CLI. WTH? Did they lose their mind? I'm not objecting, but this is so not the HSBC I'm used to dealing with. I guess I'll just roll with it.

how much was the CL from to?

Re: Has HSBC changed?

DI — Sun, 26 Sep 2010 18:32:04 GMT

@MsKiwi wrote:
I logged on today to check my balance and they GAVE me a CLI. WTH? Did they lose their mind? I'm not objecting, but this is so not the HSBC I'm used to dealing with. I guess I'll just roll with it.

Count your blessings. I still get this message:

Functionality Unavailable

We are currently not accepting Credit Line Increases online. We apologize for any inconvenience.

Re: Has HSBC changed?

MsKiwi — Sun, 26 Sep 2010 19:27:34 GMT

@danisgods wrote:

@MsKiwi wrote:
I logged on today to check my balance and they GAVE me a CLI. WTH? Did they lose their mind? I'm not objecting, but this is so not the HSBC I'm used to dealing with. I guess I'll just roll with it.
how much was the CL from to?

A few months ago I hit the love button and went from $300 to $400. When I checked today My limit was raised $200 to a $600 limit. Granted, not fabulous but threw me for a loop. I haven't changed my habits with them. I have no idea why I got this CLI.

Re: Has HSBC changed?

Anonymous — Sun, 26 Sep 2010 19:44:12 GMT

So have you PIF or leave a token balance of a few $'s the pass several months? Seems with "other" cards leaving a token balance of a few dollars increase your chance of CLi.

Re: Has HSBC changed?

MsKiwi — Sun, 26 Sep 2010 19:45:36 GMT

@Anonymous wrote:
So have you PIF or leave a token balance of a few $'s the pass several months? Seems with "other" cards leaving a token balance of a few dollars increase your chance of CLi.

I have let a very small balance show up with them for a few months. Normally I PIF.

Re: Has HSBC changed?

Anonymous — Sun, 26 Sep 2010 20:53:30 GMT

@MsKiwi wrote:
@Anonymous wrote:
So have you PIF or leave a token balance of a few $'s the pass several months? Seems with "other" cards leaving a token balance of a few dollars increase your chance of CLi.
I have let a very small balance show up with them for a few months. Normally I PIF.

Not sure how to explain myself exactly but what does the above mean exactly? Do you carry a balance of a few dollars from one month's statement to the next and not PIF or do you mean you simply allow a small balance to post to the statement but then PIF before the due date?

Re: Has HSBC changed?

MsKiwi — Sun, 26 Sep 2010 22:40:05 GMT

@Anonymous wrote:

@MsKiwi wrote:
@Anonymous wrote:
So have you PIF or leave a token balance of a few $'s the pass several months? Seems with "other" cards leaving a token balance of a few dollars increase your chance of CLi.
I have let a very small balance show up with them for a few months. Normally I PIF.
Not sure how to explain myself exactly but what does the above mean exactly? Do you carry a balance of a few dollars from one month's statement to the next and not PIF or do you mean you simply allow a small balance to post to the statement but then PIF before the due date?

Normally I PIF before statement date. The last couple of months I carrried a $10-$20 balance through the statement date. I'vr been trying to remember to use the card at least once a month to avoid closure due to inactivity.

Re: Has HSBC changed?

Anonymous — Mon, 27 Sep 2010 00:08:23 GMT

@MsKiwi wrote:
@Anonymous wrote:

@MsKiwi wrote:
@Anonymous wrote:
So have you PIF or leave a token balance of a few $'s the pass several months? Seems with "other" cards leaving a token balance of a few dollars increase your chance of CLi.
I have let a very small balance show up with them for a few months. Normally I PIF.
Not sure how to explain myself exactly but what does the above mean exactly? Do you carry a balance of a few dollars from one month's statement to the next and not PIF or do you mean you simply allow a small balance to post to the statement but then PIF before the due date?

Normally I PIF before statement date. The last couple of months I carrried a $10-$20 balance through the statement date. I'vr been trying to remember to use the card at least once a month to avoid closure due to inactivity.

Got it. Thank you.

Re: Has HSBC changed?

haulingthescoreup — Mon, 27 Sep 2010 01:31:36 GMT

@Anonymous wrote:
@MsKiwi wrote:
@Anonymous wrote:
@MsKiwi wrote:
@Anonymous wrote:
So have you PIF or leave a token balance of a few $'s the pass several months? Seems with "other" cards leaving a token balance of a few dollars increase your chance of CLi.
I have let a very small balance show up with them for a few months. Normally I PIF.
Not sure how to explain myself exactly but what does the above mean exactly? Do you carry a balance of a few dollars from one month's statement to the next and not PIF or do you mean you simply allow a small balance to post to the statement but then PIF before the due date?
Normally I PIF before statement date. The last couple of months I carrried a $10-$20 balance through the statement date. I'vr been trying to remember to use the card at least once a month to avoid closure due to inactivity.
Got it. Thank you.

And to clarify, and in an attempt to read MsKiwi's mind, I think she's saying that she's not actually carrying a balance, as in not paying it off by the due date, and as in therefore owing interest. You can let a balance post (aka show on the statement), and then pay it off BEFORE the due date, so that you don't actually carry a balance to the next statement, and you don't pay interest.

MsKiwi, if I misread you, please fix my boo-boo!

All that's needed for FICO scoring purposes is to have a balance report. You don't have to incur finance charges. So let some small figure report, and then don't forget to go ahead and pay it off before the due date. (This is a super-easy way to get a late fee from the bank and scare the whee out of yourself.)

Re: Has HSBC changed?

Anonymous — Mon, 27 Sep 2010 17:26:32 GMT

Which HSBC card do youi have? I was thinking on asking for an increase on my discover hsbc card