topic Re: HSBC Questions.. in Credit Cards

HSBC Questions..

Anonymous — Sun, 06 Jan 2008 03:49:29 GMT

I came across this.. Hong Kong and Shanghai Banking Corporation = HSBC? Wow.

Second, I have found a lot of posts about HSBC not being CLI friendly. However I have an HSBC card that frequently gave CLI, started at 1500 now at 4600. I don't think they ever did a hard inq when they increased my limit, but I'd like to request a CLI and was curious if they did a hard or soft. Any ideas? (And yes, I did several searches trying to find this information.)

Re: HSBC Questions..

Anonymous — Sun, 06 Jan 2008 03:57:51 GMT

HSBC is a huge company-

Thier world HQ is in London

CLI's and terms depend on the tier when you get the original card-

I had 2 "Low tier" cards that were never going to do anything for me so they were closed-

So HSBC has prime, mid and sub-prime cards-

They have a product for everyone- I bet your online LUV button is not disabled like mine were-

Message Edited by Timothy on 01-05-2008 07:57 PM

Re: HSBC Questions..

Anonymous — Sun, 06 Jan 2008 03:59:13 GMT

Oh, you mean good old Honkers and Shankers? I love wiki...

Re: HSBC Questions..

Anonymous — Sun, 06 Jan 2008 03:59:36 GMT

Thanks for the response.

I just can't handle a 'hit' on EQ or EX. Softs are fine on EX or TU. They'll see butterflies and puppies. If they were to pull EQ they'll see mean faces and scary spiders.

Re: HSBC Questions..

Anonymous — Sun, 06 Jan 2008 04:01:22 GMT

krystofur wrote:
Oh, you mean good old Honkers and Shankers? I love wiki...

LOL. I was googling to try to find out about hard/soft cli's w/ HSBC. (I know, strange to look OUTSIDE of myfico.com.)

Re: HSBC Questions..

Anonymous — Sun, 06 Jan 2008 04:05:25 GMT

I have an HSBC card. I have gotten requested CLIs without a hard. That being said, they generally warn you that there MAY be a hard so I jsut don't ask anymore. Not worth it to me.

Re: HSBC Questions..

haulingthescoreup — Sun, 06 Jan 2008 04:06:29 GMT

Hey, Peas, nice hunting! From the HSBC website:

1865-1899

The HSBC Group is named after its founding member, The Hongkong and Shanghai Banking Corporation Limited, which was established in 1865 to finance the growing trade between Europe, India and China.

The inspiration behind the founding of the bank was Thomas Sutherland, a Scot who was then working for the Peninsular and Oriental Steam Navigation Company. He realised that there was considerable demand for local banking facilities in Hong Kong and on the China coast and he helped to establish the bank which opened in Hong Kong in March 1865 and in Shanghai a month later. (etc.)

And as Timothy said, they are now headquartered in London.

I also vaguely remember the P&O Steam Lines from my young days when we moved to Hawaii. We moved there before the 747's came on line, and sailing was the way to travel. We sailed on the Lurline (Matson Lines.) But anyway, I think the P&O was still a major steamship line then.

Re: HSBC Questions..

Anonymous — Mon, 07 Jan 2008 02:54:44 GMT

I have HSBC. they started me at 1000. and also their orchard card with one hard. they just mailed me cards out of the blue. I'm not sure but I think it was TU. I had to beg for increase after three years and they gave me 500. with exorbitant int rate, and they pulled hard Orchard gave clis but charged af. I have closed orchard and am sock drawering hsbc. they are foreign bank with strange practices. I also had car loan with them.

They also wanted to know why i wanted an increase after 3 years with them. duh.

Message Edited by casinoannie97 on 01-06-2008 06:54 PM

Re: HSBC Questions..

Anonymous — Sun, 06 Jan 2008 04:57:14 GMT

Whenever I requested a CLI they hit me with a soft, but as Tim says it depends on which one. It does not seem like you have the uber sub-prime. I too receive CLI's like clockwork.

Re: HSBC Questions..

heirophant — Sun, 06 Jan 2008 20:20:13 GMT

I have an Orchard and an HSBC Gold Card (given to me after having Orchard for a year) with no AF, and better ters overall than the Orchard. I would consider it one of their mid-products. The orchard product says to call when you request a CLI, the HSBC card has a luv button right on the website. I am scared to touch it as well because of that warning. Specifically, when anyone has used the luv button, I think the question is whether or not it pulls a hard. I know that there is a good chance they won't when you call, so I have called and asked for a CLI and specifically asked the CSR if they will pull a hard or a soft and the CSR has pulled a soft. I think that is the way I would go. The website may be programmed to always pull a hard if you request it. Or not...I don't know.

Re: HSBC Questions..

Anonymous — Mon, 07 Jan 2008 02:51:54 GMT

I don't trust them so i won't hit the button. Do you have high interest rates? Merrick is the highest but HSBC runs a close second. But Merrick gives good clis especially if you use it alot.

Orchard was pretty good about automatic clis.

Message Edited by casinoannie97 on 01-06-2008 06:51 PM

Re: HSBC Questions..

Anonymous — Mon, 07 Jan 2008 02:57:27 GMT

casinoannie97 wrote:
I don't trust them so i won't hit the button. Do you have high interest rates? Merrick is the highest but HSBC runs a close second. But Merrick gives good clis especially if you use it alot.

Yes my interest rate is criminal, 19.99 w/ 4.6k limit. I logged in, looked at my account, hit the pre-luv button and saw where they MAY pull your credit. I backed out of the window.. very slowly.

I need the CLI for two reasons:

1. My limits are low and I keep getting that message something like, "we trust you -- sorta".

2. I'm in the process of staging a house to sell, replacing appliances and carpet, while at the same time purchasing ALL appliances for a new house. I refuse to keep $$ in my checking account, so I'm forced to charge it, come home, and pay in full after transferring $. Oh if Home Depot only knew what they were missing!!!

One (OT) success story however is my fridge for the new house. I got the Samsung Quattro in platinum. It lists for something crazy like 2600 but I got it for 1600! It's amazing!

Re: HSBC Questions..

Anonymous — Mon, 07 Jan 2008 05:29:50 GMT

Do you have good fico scores? I just got a 5000 from CCCU with 10. interest. They seem to be popular with people on this site. Check it out under credit cards. Timothy is very helpful in this area.

Glad to hear about the fridge.

TU 727 EX 704 EQ 696

You must be mint to get 4600 from HSBC.

Can't you get a home depot or lowes card. Someone can tell you who they use. For instance Best Buy is HSBC.

Help anyone????

Message Edited by casinoannie97 on 01-06-2008 09:29 PM

Re: HSBC Questions..

Anonymous — Mon, 07 Jan 2008 05:31:39 GMT

Hey Tim-- how do you find out what tier you are?

Re: HSBC Questions..

Anonymous — Mon, 07 Jan 2008 05:33:25 GMT

Congrats on your CCCU card and welcome to the family!!!

I gave up on HSBC/household (Our Household went from 5 of their cards to Zero)

casinoannie97 wrote:

Do you have good fico scores? I just got a 5000 from CCCU with 10. interest. They seem to be popular with people on this site. Check it out under credit cards. Timothy is very helpful in this area.

Glad to hear about the fridge.

TU 727 EX 704 EQ 696

You must be mint to get 4600 from HSBC.

Re: HSBC Questions..

Anonymous — Mon, 07 Jan 2008 05:35:03 GMT

My apt mgr told me why they pull experian and so do a lot of others. It is easier to read. They can hardly decipher tu. Interesting.

Message Edited by casinoannie97 on 01-06-2008 09:35 PM

Re: HSBC Questions..

Anonymous — Mon, 07 Jan 2008 05:35:33 GMT

By my CL and having the CLI button disabled.

Lets just say the "platinum" rubbed off the card-

casinoannie97 wrote:

Hey Tim-- how do you find out what tier you are?

Re: HSBC Questions..

Anonymous — Mon, 07 Jan 2008 05:56:51 GMT

Yes I like that "welcome to the family" and the very personal touch. Have you gotten an increase from them?

Re: HSBC Questions..

Anonymous — Mon, 07 Jan 2008 06:05:06 GMT

No - but have not tried (really need to use it more)

I should take it to the ~~strip~~ club next week

casinoannie97 wrote:

Yes I like that "welcome to the family" and the very personal touch. Have you gotten an increase from them?

Message Edited by Timothy on 01-06-2008 10:05 PM

Re: HSBC Questions..

Anonymous — Mon, 07 Jan 2008 08:21:22 GMT

casinoannie97 wrote:
Do you have good fico scores? I just got a 5000 from CCCU with 10. interest. They seem to be popular with people on this site. Check it out under credit cards. Timothy is very helpful in this area.
Glad to hear about the fridge.
TU 727 EX 704 EQ 696
You must be mint to get 4600 from HSBC.
Can't you get a home depot or lowes card. Someone can tell you who they use. For instance Best Buy is HSBC.
Help anyone????

Message Edited by casinoannie97 on 01-06-2008 09:29 PM

Ficos (as of the +/-10 days) TU 657, EX 662 and EQ 618

I'm swearing off CUs at the moment - that's the cause of my $1 derogatory and as you can see my EQ is a bit scary. (Yes I know, it's MY fault that I underpaid by a $1, but I've tried to get some guidance from the CU as to how to go about rectifying the situation.) EQ is the only CRA that shows the $1 as derog, shows both collections from 04 and has 7 inq over the past two years, 5 in the past 3 months (GMAC =3, MTG = 1 and the Home Depot MC = 1).

I am definitely NOT mint, but I may call and see about lowering the APR at the very least.

Thanks for the response!