topic Re: Disgusted with HSBC in Credit Cards

Disgusted with HSBC

ncscgirl2005 — Mon, 16 Jun 2008 22:43:19 GMT

I just called them to see if they can give me a CLI without pulling my credit--based solely on my history with their company, blah blah blah.... I told them I needed it to make a home repair and I need a larger increase. My current limit is $750 (been that way since I've been with them for 2 years) and I only asked for an additional $500.

Well they promised not to pull my credit, ran it through the system, and I was denied. The reason they said no is because I never utilized all of my credit I already have with them. My balance is currently $0 but I am pretty sure it was $749 at one point (way before I found these boards).

This doesn't make sense to me. I am frustrated with them. So do they want me to run up my balance and then call to ask for more money? I really want the CLI to simply bring down my util which is at 45% right now but I don't have the extra cash to pay down some of my balances.

Should I try contacting some of the companys I have balances with to see if they can do a CLI and leave the cards alone that have $0 balances?

Re: Disgusted with HSBC

Anonymous — Mon, 16 Jun 2008 23:15:49 GMT

Did you call a backdoor number? I've asked for a CLI and i'm told they are only auto.

Re: Disgusted with HSBC

Anonymous — Mon, 16 Jun 2008 23:47:27 GMT

Do not expect HSBC to ever make any sense.I've been with them since '03 and had to beg for 2 increases, years apart. They will never upgrade me. I can't wait to lose them.

What are your scores and other accts?

Message Edited by casinoannie97 on 06-16-2008 04:47 PM

Re: Disgusted with HSBC

cliccmade — Tue, 17 Jun 2008 00:35:44 GMT

act like you want to close your account. when they ask you why tell them its because of your limit. They will increse you my friend.

Re: Disgusted with HSBC

Anonymous — Tue, 17 Jun 2008 00:41:36 GMT

I am curious as to which type of card that you have with HSBC. I just received a 1000 dollar CLI from them recently. Now mind you, I have a Cash or Fly MC that I received just last summer with an initial limit of 750 dollars and the limit is at 2350 dollars right now (with a little over 50% utilization). They give CLI's roughly ever 6 months. But you have to put the card to work.

Message Edited by landocalrissian on 06-16-2008 05:41 PM

Re: Disgusted with HSBC

Anonymous — Tue, 17 Jun 2008 00:41:11 GMT

cliccmade is onto something there.

Since you have no balance, you really have nothing to lose by closing your card. (Yes, we all know closing a card isn't the best thing to do for your FICO score, but they don't know that.) Therefore, if you threaten to close your card, they'll believe you and probably give you that CLI.

Re: Disgusted with HSBC

Anonymous — Tue, 17 Jun 2008 01:29:13 GMT

Just want to say they make me sick 2 lol i have a orch CC 500CL after CLI only a month in having the card only bc it was to the MAxx NOW I WANT ANOTHER ONE BC ALL MY OTHER CRDS ARE 4DIGITS!!! they said you just recieved one! im going t o try again! but i went to the preapproval site just to see what i could get from HSBC well i got so called preapproved! BLAHHH on that! so I accepted the offer for the HSBC 2% cash back i was Decline due to recently applying for Orch and I recieved tht card!I was like WTF i thought i can have 2??? anywhoo they pulled all 3 reports so i got a hard on all 3 I will NEVER apply for any of there Freakin cards! there ridiculous but I wanted there little card oh well now I knw how UNREASONABLE they are!!!! now I got my 2 cents in

Re: Disgusted with HSBC

Anonymous — Tue, 17 Jun 2008 01:33:00 GMT

Don't bluff unless you are truly willing to close the card. Especially with HSBC - most of the time, they DO NOT fall for bluffs.

cliccmade wrote:
act like you want to close your account. when they ask you why tell them its because of your limit. They will increse you my friend.

Re: Disgusted with HSBC

Anonymous — Tue, 17 Jun 2008 01:35:01 GMT

I have to agree with the below in theory. I received my HSBC card in March. Charged up $742 and PIF. Next bill cycle I had a $300 CLI. Not as much as the below, however all I did was charge it up and pay it off.

landocalrissian wrote:
I am curious as to which type of card that you have with HSBC. I just received a 1000 dollar CLI from them recently. Now mind you, I have a Cash or Fly MC that I received just last summer with an initial limit of 750 dollars and the limit is at 2350 dollars right now (with a little over 50% utilization). They give CLI's roughly ever 6 months. But you have to put the card to work.

Message Edited by landocalrissian on 06-16-2008 05:41 PM

Re: Disgusted with HSBC

creditreformer — Tue, 17 Jun 2008 01:47:20 GMT

mo. 17 of 2 orchards (whopping 300 CL). have used the cards every mo- even took them near the CL several times. clis so far? 0, nada, zilch, zip. called orchard about 2-3 wks ago- was told 'we constantly review CLs, you never know, may log in 1 day and see, bam, cli.' uh huh, right. sadly, orchard gets a break from the chopping block as i have to fire a cc lower than orchard (first premier) first.

things i've heard about hsbc/orchard- not sure if they app to any1 here, but it's what i've heard and i tend to believe it's true.

if you've ever burned hsbc, you will NOT get a cli. time for cli lockdown varies- some say you're on a CLI 'blacklist' for forever (10+ yrs), but others say the CLI 'blacklist' only lasts for 18 mos. we'll see. i've burned hsbc 2x (still on my reports for another 2 yrs), but given my lack of CLIs, i tend to believe i'm on a CLI blacklist.

CLIS may be a hard pull and you MAY be declined. orchard told me i could 'ask' for a CLI, but it WOULD be a hard, NO guaranteed approval, i'd have to pay $15-25 just to be considered for a CLI, AND it would likely only be 100-200. needless to say, i passed up that *sparkling* offer.

orchard did its job, but like first premier, it's time to go bye bye bye soon. sheesh, even cap 1 (who i burned long ago) put me in credit steps which will up my CL to 500 by mo. 3 and even BA (who i burned long ago) gave me a 99/500 cc.

from my experience, orchard/hsbc are a little bit like amex if you burn them.

Re: Disgusted with HSBC

Anonymous — Tue, 17 Jun 2008 01:52:08 GMT

I think we also need to differentiate if we are talking about the Orchard card or the HSBC card. I have had my Orchard card for over 3 years. Started with $300 and received no auto cli's ever. The only CLI's I have received (two for $100 each) I had to pay for. There are some who have had luck with Orchard, however more have not. So far I am having luck with my true HSBC card.

Re: Disgusted with HSBC

ncscgirl2005 — Tue, 17 Jun 2008 12:39:28 GMT

What are your scores and other accts?

Message Edited by casinoannie97 on 06-16-2008 04:47 PM

My last score on 6/13/08 was 673. The last baddie I had was in 2002. I had two recent hard pulls and two that were done in July 07.

Re: Disgusted with HSBC

ncscgirl2005 — Tue, 17 Jun 2008 12:41:21 GMT

landocalrissian wrote:
I am curious as to which type of card that you have with HSBC. I just received a 1000 dollar CLI from them recently. Now mind you, I have a Cash or Fly MC that I received just last summer with an initial limit of 750 dollars and the limit is at 2350 dollars right now (with a little over 50% utilization). They give CLI's roughly ever 6 months. But you have to put the card to work.

Message Edited by landocalrissian on 06-16-2008 05:41 PM

According to my monthly statement I have a Household Bank Platinum MC. I've never been late with them but I guess I haven't really used their card in a while in an effort to pay it off. Maybe I'll take the kids out to lunch today.

Re: Disgusted with HSBC

ncscgirl2005 — Tue, 17 Jun 2008 12:44:00 GMT

turbowrx wrote:
Did you call a backdoor number? I've asked for a CLI and i'm told they are only auto.

Should I try the regular customer service # or the executive customer service #?

Re: Disgusted with HSBC

ncscgirl2005 — Tue, 17 Jun 2008 21:01:02 GMT

Bump

Re: Disgusted with HSBC

Anonymous — Tue, 17 Jun 2008 22:06:41 GMT

Hello NSC

HH Card they rarely give me CLI,

But on my Best Buy MC I get an increase every 6 month

I call them always ask for the CLI, and i ask before they pull if it is a hard or soft hit

Its always soft, and i gets it

Never ask for a CLI on the Internet it is a HARD HIT

Re: Disgusted with HSBC

ncscgirl2005 — Thu, 19 Jun 2008 02:30:27 GMT

Just took my daughters out to dinner and used the ole CC for a whopping $24.07 . Plan on paying if off as soon as it posts to my account.

Re: Disgusted with HSBC

grneydangl — Thu, 19 Jun 2008 04:09:40 GMT

I'm disgusted as well... let me make sure I understand this, this is on my new statement for this month:

Previous Balance: $216.17

Payments & other credits: $216.17

Finance charge: $16.00

If my previous balance was $216.17 and I paid $216.17, that is PIF right? And there shouldn't be a finance charge right?

Re: Disgusted with HSBC

Anonymous — Thu, 19 Jun 2008 04:24:40 GMT

As i posted b4 do not expect them to make any sense!!!!

Re: Disgusted with HSBC

Anonymous — Thu, 19 Jun 2008 13:41:53 GMT

grneydangl wrote:

I'm disgusted as well... let me make sure I understand this, this is on my new statement for this month:

Previous Balance: $216.17

Payments & other credits: $216.17

Finance charge: $16.00

If my previous balance was $216.17 and I paid $216.17, that is PIF right? And there shouldn't be a finance charge right?

Not necessarily. There are three ways you could PIF and still have finance charges.

1) You did not PIF the month before, which meant that you had no grace period for that billing period, and the finance charges you are seeing are residual finance charges as a result of making purchases with no grace period.

2) You did PIF in time for your payments to post to your statement, but you did not PIF by the payment due date. You will be assessed finance charges in this scenario.

3) Due to the round number ($16), I'm inclined to think that this isn't a finance charge from interest, but is a fee of some sort. (Fees ARE a form of finance charges, as specified in the T&C.)