topic Re: HSBC Question in Credit Cards

HSBC Question

Anonymous — Sat, 15 Dec 2007 14:45:02 GMT

Good Morning,

My understanding is that HSBC will not give you more that 2 cards unless you have an invitation or pre approval. Does that include store cards. I have an HSBC and BB MC, however I want a BB store card. Will I be prevented from getting the store card because I have the other 2?

WBLAKE

Re: HSBC Question

Anonymous — Sat, 15 Dec 2007 14:50:29 GMT

Go for it. I have an HSBC MC, BB MC, and BBstore card

Re: HSBC Question

Anonymous — Sat, 15 Dec 2007 14:54:33 GMT

Which CRA does the BB store card pull from?

Re: HSBC Question

Anonymous — Sat, 15 Dec 2007 15:00:48 GMT

EQ for me

Re: HSBC Question Whats Program A?

Anonymous — Sat, 15 Dec 2007 15:15:19 GMT

OK, I applied and was approved. See below. What is program A?

Congratulations!

Your application is approved for the Best Buy credit card under Program A and you should receive your Best Buy credit card within 7-14 days. Please reference the Terms and Conditions below and print or save this page for your records.

Re: HSBC Question Whats Program A?

Anonymous — Sat, 15 Dec 2007 15:16:45 GMT

WBLAKE wrote:

OK, I applied and was approved. See below. What is program A?

Congratulations!

Your application is approved for the Best Buy credit card under Program A and you should receive your Best Buy credit card within 7-14 days. Please reference the Terms and Conditions below and print or save this page for your records.

Yo have the best program.... program B is restricted to a 750.00 limit I believe and the interest rate is higher. What limit did you get? CONGRATS!!!!

Re: HSBC Question

Anonymous — Sat, 15 Dec 2007 15:48:31 GMT

They approved me for $2300. That totally surprised me because my BB Mastercard CL is $300 and I have never used it.

WBLAKE

Re: HSBC Question

Anonymous — Sat, 15 Dec 2007 16:07:00 GMT

WBLAKE wrote:

They approved me for $2300. That totally surprised me because my BB Mastercard CL is $300 and I have never used it.

WBLAKE

Did the ame thing to me. App forMC got 500.00 limit (whihc of course wasn't enough for my purchase) so had to app for store. Funny though, glad it happened now. Had no idea of the deals you could get with store card only. MC is gone as of March

Re: HSBC Question

dangphuocloc72 — Sat, 15 Dec 2007 16:34:29 GMT

BRAMMY how many cards do you have ?

Re: HSBC Question

Anonymous — Sat, 15 Dec 2007 19:22:01 GMT

1. Walmart-rarely used

2. Dillards-rarely used

3. Macy's- rarely used

4. BB Store

5. Circuit City Store

6. CB&T-great APR for balances-oldest open line

7. BB MC - slated to close-currently a rotator

8. HSBC MC-rarely used-will be a rotator

9. Target Visa-slated to close

10. WaMu-one of my rotators

11. CapOne-1.99 BT for life to close after paid

12. Discover

13. PenFed Visa-rarly used good limit and APR to carry balance

8 majors 5 store

Better explain this a little more. I started rebuilding credit in 03, at the time, I got HHB MC CB&T (employee). Didn't know much about credit so the only other thng I app'd for was WalMart with a 190.00 limit. In 06 HHB started irritating me with all the horror stories you hear. Still had no idea about credit so I started researching and learned about uti..etc. Paid off HHB and closed. App'd Target, WaMu and Juniper in June and July of 06. After a year, Junny didn't live up to the hype, so they were closed. Target was generous but since I didn't shop there often combined with the interest rate, it was slated to clsoe but was upgrade to Visa. Held on to these cards through 06 into 07. End of 06 I app'd CapOne cause I still felt credit unworthy, but they have been generous with the CLIs for their rep and the 1.99% BT was too good to pass up.

Started getting c'mons fron HSBC and the 2% flat cash was one I could not refuse. Business expenses gave way to need for electronic store cards. App CC but was VERY unhappy with the system and returned it. Shopped around at BB and had a workhorse for a fair price with special financing appd but was approved for the MC with too low a limit so got the store. Had decent limits on the WaMu and HSBC but wanted a relationship with a CU so got PenFed (ok got it and the sig loan because its all you can eat for one inq )

Have no idea why I app'd Discover. It was just a litmus test I wanted to pass after climbing out of credit heck and I am haapy to say they accepted me. Will be real good to them and WaMu.

When you're rebuilding the T&Cs of any approval are going to be a toss up. I have tried to give any card at least a year to prove its worth. The ones that are slated to be closed are slated to do so on or around their anniversary. Target in June, BBMC in March. Cp one reads slated to close but as long as they continue to prove thier worth, they will stay in my wallet.

Store cards are pretty self explanatory, I use those for things these stores sell that I can find no where else and the special bonuses they give to cardholders. My makeup, perfume and Diva-kid's clothes.

Message Edited by Brammy on 12-15-2007 02:22 PM