topic Re: Marbles MC pre-approved offer? in Credit Cards

Marbles MC pre-approved offer?

SmartCookie — Fri, 07 Dec 2007 02:29:38 GMT

DH just got one and I'm looking thru the offer. Anyone else apply on the pre-app or have one?

I've never heard of them.

Re: Marbles MC pre-approved offer?

haulingthescoreup — Fri, 07 Dec 2007 02:32:26 GMT

Marbles? srsly?

Re: Marbles MC pre-approved offer?

SmartCookie — Fri, 07 Dec 2007 02:33:03 GMT

LOL 300 Max CL... HSBC Nevada... Annual income must be 12k for this Platinum card.

Guess they realized all the regular pre-app offers they were sending were going into the shredder and tried to disguise themselves.

Re: Marbles MC pre-approved offer?

haulingthescoreup — Fri, 07 Dec 2007 02:35:34 GMT

I had the opportunity to get a Union Plus CC, but I saw that it was issued by HSBC and decided that it wasn't worth it, even with the opportunity to annoy people. (I live in a decidedly non-union area.)

Re: Marbles MC pre-approved offer?

SmartCookie — Fri, 07 Dec 2007 02:40:11 GMT

OMG hauling I am laughing but I don't want DH to feel too bad.

They tout themselves as 'reshaping the way people look at credit' because you 'pick your own bill date' and even get to choose to pay by mail, phone, or internet!

Cards are really cool looking though almost like some of Discover's.

Starting credit line is $300, it's not the max sorry bout that. I'd like to know from anyone who has one if it's any better than all the other HSBC cards in terms of not the nicest customer satisfaction.

Re: Marbles MC pre-approved offer?

Anonymous — Fri, 07 Dec 2007 02:41:53 GMT

I got the pre app. Threw it away cause it was HSBC.... they sent my CB offer later and was really surprised at how good the terms were.

Re: Marbles MC pre-approved offer?

haulingthescoreup — Fri, 07 Dec 2007 02:46:01 GMT

For once, Google makes things more confusing, not less. Per this article, HSBC sold the card:

http://news.independent.co.uk/business/news/article3087293.ece

Re: Marbles MC pre-approved offer?

Schoolbuskid — Fri, 07 Dec 2007 02:48:44 GMT

I actually received a pre-approved offer from Marbles opened it and then immediately threw it away i have never even heard of these people!

Also what is so wrong with HSBC, you guys are scaring me because i have just been approved for a loan thru them! Should i know something about them? Im just kinda starting out so i got stuck with a 22.95% interest rate! OUCH! But you have to start somewhere!

Re: Marbles MC pre-approved offer?

Anonymous — Fri, 07 Dec 2007 02:49:30 GMT

Looks like it was originally HFC. According to their website they are no longeraccpeting new applications.

http://www.marbles.com/

Who sent your pre-app?

Re: Marbles MC pre-approved offer?

SmartCookie — Fri, 07 Dec 2007 02:52:49 GMT

Go figure... DH is nagging me saying I'm ignoring him as soon as my question gets hot!

I have to pull it from the garbage... both companies were mentioned... I'm thinking of maybe getting in on it.. him rather... in case they get aquired by a better company.

Love the article hauling thanks!

Brammy I've got to look at the T&C more closely... I typically throw away all HSBC stuff because of what the majority seem to feel on them. DH has had them in the past and they were not bad but nothing special for him at that particular time.

Back soon. I'll bring cookies!

Re: Marbles MC pre-approved offer?

haulingthescoreup — Fri, 07 Dec 2007 02:54:13 GMT

@Schoolbuskid wrote:

I actually received a pre-approved offer from Marbles opened it and then immediately threw it away i have never even heard of these people!

Also what is so wrong with HSBC, you guys are scaring me because i have just been approved for a loan thru them! Should i know something about them? Im just kinda starting out so i got stuck with a 22.95% interest rate! OUCH! But you have to start somewhere!

HSBC is fine, just don't expect them to necessarily turn into American Express. They are exactly what they are. Don't get offended if your cards don't grow with you as your credit improves. Keep your nose clean, pay on time, don't get frisky, and use them to build up your credit profile.

Re: Marbles MC pre-approved offer?

moonman — Fri, 07 Dec 2007 02:55:12 GMT

actually hsbc sold marbles to a company (10-30-07) to a company called sav credit ltd.SAV was founded in 2001 as a provider of credit cards to consumers unable to get cards among mainstream lenders. It has opened more than 150,000 credit card accounts.

Re: Marbles MC pre-approved offer?

Anonymous — Fri, 07 Dec 2007 02:57:49 GMT

I have no problems with the one I have. It definitely hasn't behaved as a subprime exactly (and I haven't given them reason to) except the amount of the first CLI on the card. Started off with a great limit for my profile at the time.

I think getting to the uber-prime market is a building process and as lo0ng as you don't get one of their really sucky ones with annual fess and fees to increase the CL, you aren't doing too bad.

Re: Marbles MC pre-approved offer?

Anonymous — Fri, 07 Dec 2007 02:59:13 GMT

moonman wrote:
actually hsbc sold marbles to a company (10-30-07) to a company called sav credit ltd.SAV was founded in 2001 as a provider of credit cards to consumers unable to get cards among mainstream lenders. It has opened more than 150,000 credit card accounts.

Thanks moonman, that card definitely seems uber-sub by the description of the lender. I would love to see the T&Cs.

Re: Marbles MC pre-approved offer?

Anonymous — Fri, 07 Dec 2007 04:15:48 GMT

Just did some research on this company online and it sounds like they only issue this card in the uk?

Re: Marbles MC pre-approved offer?

SmartCookie — Fri, 07 Dec 2007 07:23:40 GMT

Thank you guys and gals for all of the input. This is a little strange... as if HSBC sent out boxes of old mail or something. Here are the main facts... I'm typing in the dark.

Marbles is HFC on the application and issues by HSBC Nevada... all on app.

On the T & C which says it is accurate as of 9/30/07:

$39 annual fee

0% APR promo thru Nov 30th 2008. 12.9V thereafter

Average Daily Balance,25 day grace period

Horrendous cash advance and default rates.

Some sort of possible CLI Fee Finance Charge dependent on 'creditworthiness'

So sub-prime for sure, not uber I'd say since no monthly fees and the annual fee isn't insane and the good APR.... but pretty darn down there on within the sub-prime scale.

On the app it says that if HSBC cannot give you the Marbles card you are applying to be considered for other HSBC cards. If they really have stopped all affiliation with Marbles apps, I smell a class action.