HSBC Denial DP 02/29/2020

Ardecko · ‎03-07-2020

I just received a denial letter from my prequalify attempt for an HSBC card. It shows that they pulled a score with range 150-950, so not FICO 08.

It also shows they denied me because of "Date of last inquiry too recent". The paperwork says they obtained my score on 02/29/2020, and my most recent HP on EQ was 01/18/2020.

Edited: Tweaked opening content and added a bit of text context, as this was moved to it's own thread.

PS: The required labels for this group are not always relevant.

2017-09-09 FICO 08: EQ 677, TU 640, EX 705
2020-02-07 FICO 08: TU 789
2020-02-10 FICO 08: EX 752

Gardening, mostly, again until... soon(I need to replace my car)

Anonymous · ‎03-07-2020

@Ardecko I moved your post here to get better responses about HSBC denial data points.

Jnbmom · ‎03-07-2020

That was just one reason.

They denied for delinquent account. Do you have negatives?

Your file is thin and not a lot of payment history .

EXP 780 EQ 796 TU 810

MrCreditInternational · ‎03-10-2020

They use a different FICO bankcard score (I think 3, but I'm not sure)

Current open cards:
Schwab Amex Platinum (NPSL); Amex Gold (NPSL); HH Aspire ($31,700); Amex BBP ($27,000); HSBC Premier WMC ($21,500); USB Altitude Reserve ($20,000); USB Altitude Reserve ($10,000); WF Bilt MC ($9,400); Chase Freedom ($7,300), BofA Premium Rewards ($5,000); Apple Card ($4,750); BofA Alaska Visa ($4,200); USB Altitude Go ($1,000)

Started collecting cards: Oct/2018

PullingMeSoftly · ‎03-10-2020

@Ardecko wrote:
It also shows they denied me because of "Date of last inquiry too recent". The paperwork says they obtained my score on 02/29/2020, and my most recent HP on EQ was 01/18/2020.

Did you use their pre-qual page? Curious to know if it's just marketing like BofA

Chase Sapphire Reserve Visa Infinite │ $35,000

Chase Freedom Visa Sig │ $28,700 │ 5% rotator

Chase United Club Visa Infinite │ $35,000

Bank of America Alaska Airlines Visa Sig │ $30,000

US Bank Altitude Go Visa Sig │ $25,000 │ 4x dining │ no FTF

US Bank Cash+ Visa Sig │ $25,000 │ 5% selectable rotator

Elan Financial Services/US Bank Fidelity Rewards Visa Sig │ $25,000

Citi Costco Anywhere Visa Sig │ $26,500 │ 5% Costco gas │ 4% gas

Citi Custom Cash MC │ $29,800 │ 5% selectable rotator

Citi Custom Cash MC │ $18,000 │ 5% selectable rotator

BMO Cash Back MC │ $15,000 │ 5% streaming

Barclays Banana Republic Rewards World MC │ $20,000 │ 5x Banana-Gap-Old Navy-Athleta

Provident CU Cash Back Visa Sig │ $25,000

NFCU Flagship Rewards Visa Sig │ $80,000

PenFed Platinum Rewards Visa Sig │ $12,000 │ 5x gas

PenFed Power Cash Rewards Visa Sig │ $36,200

AOD FCU Visa Sig │ $25,000 │ 3% everything

Affinity FCU Cash Rewards Visa Sig │ $25,000 │ 5% Amazon

Nusenda CU Platinum Cash Rewards Visa │ $25,000 │ 5% rotator

Safe CU Cash Back Visa │ $25,000 │ 5% selectable rotator

Vantage West CU Connect Rewards Visa Sig │ $25,000 │ RIP 5x...to the sockdrawer

Langley FCU Signature Cash Back Visa │ $25,000 │ 5% selectable rotator

rudolphreindeer · ‎03-14-2020

@Ardecko

Thank you for sharing! So the question is how soon after the last EQ hard pull is not too recent. I'd like to know that too.
Good thing that it was Pre-qual for you, not a real app with hard pull. And they even sent a letter! I am surprised.
I applied in December - got approved in Pre-qual, but there was an error in my app and I canceled it, they asked me to reapply - and I am glad I did it, they would deny me probably for no credit history. And now I have recent inquiry on EQ from local CU.

Your score shows as 784 in their scoring: can you please share what is your Fico8 EQ? I try to figure out what mine would be in their scoring...

I also have a funny issue now. I opened a checking account with them, hoping that it would help me when I will reapply. So when I was "New to HSBC" I could pre-qualify and actually submit my application. But now as I click on apply for "Existing HSBC customer" - I only get "Visit a branch". I can not even apply online. I am a Premier account holder and the nearest branch is 10 hours of driving away from me. Don't even know what to think about this situation. May be somebody will give me advice here.

FICO® Score 8 (Apr 2021)
EX 764 | EQ 771 | TU 800

AT&T Universal Rewards World $16,200 (AU) | Very old account, added for TCL/UT

Discover Cashback (former Secured) $2,500 | opened Jan 2020

Gesa CU Diamond cashback $10,000 | opened Feb 2020

Barclay Special Financing $1,000 | opened Apr 2020

Discover Miles $10,500 (AU) | opened Sep 2020

ETFCU Platinum Rewards $6,000 | opened Sep 2020

AMEX Blue Cash Everyday $4,000 | opened Mar 2021

Unicorn Card by cred.ai - won't break the bank, but could break a window | opened Apr 2021

TCL: $72,900
INQs in last (6 m./12 m.)
EX (2/2) | EQ (0/2) | TU (0/1)

rudolphreindeer · ‎03-14-2020

@PullingMeSoftly wrote:
@Ardecko wrote:
It also shows they denied me because of "Date of last inquiry too recent". The paperwork says they obtained my score on 02/29/2020, and my most recent HP on EQ was 01/18/2020.
Did you use their pre-qual page? Curious to know if it's just marketing like BofA

But if it would be marketing it would show "Approved" or "pre-qualified" like BofA always shows for me (stupid BofA thing costed me an EX hard pull and denial!) No I think HSBC is more real in their Pre-qual. They even sent a letter with the reason for denial.

FICO® Score 8 (Apr 2021)
EX 764 | EQ 771 | TU 800

TCL: $72,900
INQs in last (6 m./12 m.)
EX (2/2) | EQ (0/2) | TU (0/1)