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HSBC Premier World Elite Mastercard with SL $45K

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waqaszm1
Regular Contributor

Re: HSBC Premier World Elite Mastercard with SL $45K

I have too many cards to list here, the highest limits i have at this time are:

Personal credit:

1. HSBC World Elite - $45K

2. UBS Visa Signature - $35K

3. Schwab Investor Amex card - $35K

Business credit:

1. Wells Fargo Business Elite Signature card - $50K

2. Chase Ink Business Unlimited - $29.5K

3. Amex Blue Business Cash - $25K 

 

Message 21 of 32
waqaszm1
Regular Contributor

Re: HSBC Premier World Elite Mastercard with SL $45K

I gave up on Capital One a long time ago. Would not even waste an inquiry with them, let alone a triple hit, one on each bureau. I keep all credit reports frozen. When i apply, and either they call, or I call in to verify, they can pick 1 bureau for access and that is ALL they get.

 

Sagestream, FactorTrust, ARS, Clarity, Innovis and a couple of other little ones are always frozen. 

 

I do not care about DnB, Equifax Business and Experian Business ... 

Message 22 of 32
Peanut4211982
Contributor

Re: HSBC Premier World Elite Mastercard with SL $45K

Congratulations on your approval

Starting scores EQ 523 TU 513 EX 512....
Scores 9-01-21 fico EX 670 ..TU 666..EQ 650

Message 23 of 32
Aim_High
Senior Contributor

Re: HSBC Premier World Elite Mastercard with SL $45K


@waqaszm1 wrote:

So a few months ago, I set up a checking account with HSBC Premier. ... four months had gone by and I have consistently direct deposited with them. Logged in to online banking about 10 days ago and had an invite on the left side for the World Elite, and applied. Approved instantly but did not show a limit. Card arrived Saturday. (Highest limit on Personal Card $45K).


Congratulations on an AWESOME approval @waqaszm1, and thanks for all the data points and links.  Great info.   I've eyed this card myself but not sure if my profile justifies a card like this beyond my Chase Sapphire Reserve.  It seems like a great premium card!  Enjoy that high SL! 

 

Happy_Dancing.gif


Business Cards


Length of Credit > 40 years; Total Credit Limits >$850K
Top Lender TCL - Chase 156.4 - BofA 99.7 - AMEX 95.0 - CITI 94.5 - NFCU 80.0
AoOA > 30 years (Jun 1993); AoYA (Aug 2023)
* Hover cursor over cards to see name & CL, or press & hold on mobile app.
Message 24 of 32
Aim_High
Senior Contributor

Re: HSBC Premier World Elite Mastercard with SL $45K


@waqaszm1 wrote:

tbh, It has been my experience that building a relationship with a bank prior to applying for credit products often yields a better result. This approach has worked for me consistently.


+1 ^ ^ ^   This is great advice from my perspective as well.  I've promoted "relationship banking" the longer I've been on My Fico and while there are some members who like to disagree, there are repeated approvals and data points such as this one which support opening banking accounts to increase the odds of credit card approvals, even if the accounts are not at the six or seven-figure amount.   Well done!


Business Cards


Length of Credit > 40 years; Total Credit Limits >$850K
Top Lender TCL - Chase 156.4 - BofA 99.7 - AMEX 95.0 - CITI 94.5 - NFCU 80.0
AoOA > 30 years (Jun 1993); AoYA (Aug 2023)
* Hover cursor over cards to see name & CL, or press & hold on mobile app.
Message 25 of 32
Anonymous
Not applicable

Re: HSBC Premier World Elite Mastercard with SL $45K

Congratulations on your approval!

Message 26 of 32
Anonymous
Not applicable

Re: HSBC Premier World Elite Mastercard with SL $45K

Regarding setting up multiple Bank accounts and then applying for credit. That is precisely my methodology as well. However, I seldom re route my direct deposit. Minimum deposits to avoid fees is my preferred option. However, I may alter that based on your experience. Thanks for the DP's


@waqaszm1 wrote:

tbh, It has been my experience that building a relationship with a bank prior to applying for credit products often yields a better result. This approach has worked for me consistently. I used the same approach with PNC, US Bank, and Suntrust. All 3 of them are harder nuts to crack. If you search google, all 3 consistently have new checking offers. I do not like wasting inquiries so I try to have my details in their system prior to apping. Alot of times, you will get a pre-approval or invite for a credit product without having to do a cold app with 2 to 3 months. 

 

Setting up a checking/savings account gets your info into the bank's system for a soft pull; and a hard on chexsystems which i do not care about. Same was the case with BMO Harris, - out of my geo region for direct card app but no issue, $ 200 promo on new checking, great - 2 months later apped and approved an hour later on the phone. 

 

 

 




Message 27 of 32
Anonymous
Not applicable

Re: HSBC Premier World Elite Mastercard with SL $45K


@waqaszm1 wrote:

tbh, It has been my experience that building a relationship with a bank prior to applying for credit products often yields a better result. This approach has worked for me consistently. I used the same approach with PNC, US Bank, and Suntrust. All 3 of them are harder nuts to crack. If you search google, all 3 consistently have new checking offers. I do not like wasting inquiries so I try to have my details in their system prior to apping. Alot of times, you will get a pre-approval or invite for a credit product without having to do a cold app with 2 to 3 months. 

 

Setting up a checking/savings account gets your info into the bank's system for a soft pull; and a hard on chexsystems which i do not care about. Same was the case with BMO Harris, - out of my geo region for direct card app but no issue, $ 200 promo on new checking, great - 2 months later apped and approved an hour later on the phone. 

 

Regarding setting up multiple Bank accounts and then applying for credit. That is precisely my methodology as well. However, I seldom re route my direct deposit. Minimum deposits to avoid fees is my preferred option. However, I may alter that based on your experience. Thanks for the DP's

 


 

Message 28 of 32
Aim_High
Senior Contributor

Re: HSBC Premier World Elite Mastercard with SL $45K


@Anonymous wrote:

Regarding setting up multiple Bank accounts and then applying for credit. That is precisely my methodology as well. However, I seldom re route my direct deposit.  Minimum deposits to avoid fees is my preferred option. However, I may alter that based on your experience. Thanks for the DP's


@waqaszm1 wrote:

tbh, It has been my experience that building a relationship with a bank prior to applying for credit products often yields a better result. This approach has worked for me consistently.


If you can grab them while they're available, you've been missing out on some great SUBs @Anonymous!  I haven't done a lot of these either, but I've tuned into them also.  I've gotten banking SUBs on Money Market accounts by setting up accounts and/or moving funds to Capital One 360 and Goldman Sachs Marcus.  Bank of America gave me $300 for setting up Direct Deposit to new checking (which I later cancelled and diverted) but I used it as part of my funding to qualify for status in Preferred Rewards.  I also moved money into BofA's Merrill Lynch self-directed accounts which gave me a healthy SUB.  And now, I've got a targeted offer from Chase (apparently since I have multiple credit cards with them) for $600* to open a checking with Direct Deposit along with a savings account.  (*$300 for checking with Direct Deposit; $200 for savings with $15K deposit for 90 days; extra $100 for doing both for a total of $600.)  I plan to do that soon.   (That's much better than their standard offer of $200 for a new checking account.)    All-in-all, not counting credit card bonuses over the past two years, I will have probably earned well over $2000 from banking account SUBs alone!  Smiley Happy   

 

(*Caveat:  It helps a lot if you have plenty of extra funds in your banking accounts or extra cash flow to be able to fund multiple bank accounts to do this.   There was a point in my life not too long ago that this would not have been as feasible.  Earning the highest SUBs sometimes requires you move a substantial amount of money to qualify.  For example, to get the highest $1000 SUB on Capital One 360 required moving $150K and leaving for 90 days.  And sometimes, you're better served moving the money back into more lucrative accounts after qualifying for the SUB.) 


Business Cards


Length of Credit > 40 years; Total Credit Limits >$850K
Top Lender TCL - Chase 156.4 - BofA 99.7 - AMEX 95.0 - CITI 94.5 - NFCU 80.0
AoOA > 30 years (Jun 1993); AoYA (Aug 2023)
* Hover cursor over cards to see name & CL, or press & hold on mobile app.
Message 29 of 32
Anonymous
Not applicable

Re: HSBC Premier World Elite Mastercard with SL $45K


@Aim_High wrote:

@Anonymous wrote:

Regarding setting up multiple Bank accounts and then applying for credit. That is precisely my methodology as well. However, I seldom re route my direct deposit.  Minimum deposits to avoid fees is my preferred option. However, I may alter that based on your experience. Thanks for the DP's


@waqaszm1 wrote:

tbh, It has been my experience that building a relationship with a bank prior to applying for credit products often yields a better result. This approach has worked for me consistently.


If you can grab them while they're available, you've been missing out on some great SUBs @Anonymous!  I haven't done a lot of these either, but I've tuned into them also.  I've gotten banking SUBs on Money Market accounts by setting up accounts and/or moving funds to Capital One 360 and Goldman Sachs Marcus.  Bank of America gave me $300 for setting up Direct Deposit to new checking (which I later cancelled and diverted) but I used it as part of my funding to qualify for status in Preferred Rewards.  I also moved money into BofA's Merrill Lynch self-directed accounts which gave me a healthy SUB.  And now, I've got a targeted offer from Chase (apparently since I have multiple credit cards with them) for $600* to open a checking with Direct Deposit along with a savings account.  (*$300 for checking with Direct Deposit; $200 for savings with $15K deposit for 90 days; extra $100 for doing both for a total of $600.)  I plan to do that soon.   (That's much better than their standard offer of $200 for a new checking account.)    All-in-all, not counting credit card bonuses over the past two years, I will have probably earned well over $2000 from banking account SUBs alone!  Smiley Happy   

 

(*Caveat:  It helps a lot if you have plenty of extra funds in your banking accounts or extra cash flow to be able to fund multiple bank accounts to do this.   There was a point in my life not too long ago that this would not have been as feasible.  Earning the highest SUBs sometimes requires you move a substantial amount of money to qualify.  For example, to get the highest $1000 SUB on Capital One 360 required moving $150K and leaving for 90 days.  And sometimes, you're better served moving the money back into more lucrative accounts after qualifying for the SUB.) 


Aim High, I must say I always look forward to your post. Your wealth of experience, insight and above all your encouragement are a bright spot on this forum. I've been singularly focused on just Credit Card SUBs and now another revenue stream has been revealed. Thank you!

Message 30 of 32
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