topic CapOne/HSBC cards.... in Credit Cards

CapOne/HSBC cards....

cgreer72 — Mon, 24 Sep 2012 16:34:59 GMT

So I have a CapOne card and two HSBC (Household Bank) cards. Recently CapOne aquired HSBC. So on my credit report it shows I have three CapOne cards now, which is not a big deal, I don't believe. I was considering calling CapOne and having them, if they can or will, combining all of my credit limits and balances to the original CapOne card. By doing this I'm wondering if this will remove two of the CapOne entries on my CR. Would this be a good move to raise my score, or should I just leave well enough alone.

Re: CapOne/HSBC cards....

Anonymous — Mon, 24 Sep 2012 16:38:58 GMT

@cgreer72 wrote:
So I have a CapOne card and two HSBC (Household Bank) cards. Recently CapOne aquired HSBC. So on my credit report it shows I have three CapOne cards now, which is not a big deal, I don't believe. I was considering calling CapOne and having them, if they can or will, combining all of my credit limits and balances to the original CapOne card. By doing this I'm wondering if this will remove two of the CapOne entries on my CR. Would this be a good move to raise my score, or should I just leave well enough alone.

They may not be ready to combine things, they were not ready in May.

All 3 accounts should continue to show, with 2 closed, which is generally a good thing,

Re: CapOne/HSBC cards....

cgreer72 — Mon, 24 Sep 2012 16:50:15 GMT

Wolf3, I thought that accounts (CC) showing as closed on you CR was not a good thing. I was hoping that the two that were "closed" would just fall off all together.

Re: CapOne/HSBC cards....

jamesdwi — Mon, 24 Sep 2012 17:10:07 GMT

@cgreer72 wrote:
Wolf3, I thought that accounts (CC) showing as closed on you CR was not a good thing. I was hoping that the two that were "closed" would just fall off all together.

Closed acconts in good standing is a good thing, its something you want. You need 2-3 open cards in good standing, anything more is over kill. The only thing that closing cards does is reduce your overall credit availible thus can effect your UTL, but if your UTL is low you can close cards. The best part about closed cards is that you can no longer get lates or chargeoffs, they just sit on your report aging for the next 10 years.

Re: CapOne/HSBC cards....

Anonymous — Mon, 24 Sep 2012 17:18:44 GMT

@cgreer72 wrote:
Wolf3, I thought that accounts (CC) showing as closed on you CR was not a good thing. I was hoping that the two that were "closed" would just fall off all together.

No, as long as it is positive (without lates, CO) it hads to your credit history for 10 years. They help with your AAoA.

Re: CapOne/HSBC cards....

cgreer72 — Mon, 24 Sep 2012 18:02:57 GMT

I gotcha. Thanks for clarifing. So if I can get them to combine, would that be recommended?

Re: CapOne/HSBC cards....

Anonymous — Mon, 24 Sep 2012 18:11:30 GMT

@cgreer72 wrote:
I gotcha. Thanks for clarifing. So if I can get them to combine, would that be recommended?

Mostly preference, I would rather have 1 card with total limit, than 3. Does it save on AF? Which cards has best rewards, if any?

I also have a Capital One and a Household. The Household has 2% cash back on everything, vs 2% gas, grocerys and 1% everything else on Capital One. So in my case, I want to keep the Household even though it has much smaller CL

Re: CapOne/HSBC cards....

cgreer72 — Mon, 24 Sep 2012 18:23:12 GMT

Wolf, I have no perks on any of them.

Re: CapOne/HSBC cards....

AZHeather — Mon, 24 Sep 2012 18:29:17 GMT

Last time I checked with Cap One, they would not combine the HSBC cards. However, that was a few months ago. Maybe they are ready now. Please keep us posted because there are a lot of us that would like to do this if Cap One gives the OK.

Re: CapOne/HSBC cards....

cgreer72 — Mon, 24 Sep 2012 18:34:25 GMT

Just found this on CapOne site...

I currently have both a Capital One and HSBC credit card. Will my accounts be combined?

At this time your Capital One and HSBC credit card accounts cannot be combined or consolidated.

So I guess status remains the same.

Re: CapOne/HSBC cards....

youngandcreditwrthy — Mon, 24 Sep 2012 18:33:26 GMT

Good luck getting anything you want from Capital One.. They rarely accomodate their customers. They are actually decent with reducing interest rates, but that doesn't matter if your limit is super low. Hahhhhh. They are officially my lowest limit ($1,300)

:-/

Re: CapOne/HSBC cards....

youngandcreditwrthy — Mon, 24 Sep 2012 18:34:38 GMT

Oh and I called in July to combine two rewards accounts, and they said they DO NOT combine accounts.. Actually, it was via online chat. :-(

Re: CapOne/HSBC cards....

vegasgurl2001 — Mon, 24 Sep 2012 18:35:09 GMT

I have repeatedly asked to combine my 2 capital one cards into 1 card so that i could have one card with a 1500 limit versus 2 with 750 limit for a year now, since i have not received a CLI except for the initial extra 250 they give you after 3 months of opening the accounts in over 4 years. I have had my 2 accounts for almost 5 years now, never late, good standings , I use them and always pay well over min. payment which keeps them with low balances. My credit has drastically improved since the date of opening the accounts and it boggles my mind how I can't at least get 1000 CL on at least one! I have spoken to numerous supervisors, in more departments then I can remember and got nowhere. At the time of 1st request to merge cards since they denied my credit limit increase on both cards I had 717 experian credit score.

I feel stuck because I dont want to close them and have my credit card utilization go up and I like having them for emergencies. They are not a company to grow with...what you get is what you stay with and there is no changing it. It makes me so mad because now my HSBC discover is now cap 1 so there goes hope for that card! So frustrating...

i wish you luck, if you are able to merge your accounts pleass please PM with how you did it!