Do not apply for 2nd HSBC

[Anonymous]

U will be deniend if u are not invited just found out hard way...

[TigerCat]

Thanks for the heads up maxima. Was considering but now I will definitely hold off.

EX 668 EQ 664 TU 604 as of Feb 2008

[Anonymous]

Wonder if that includes their "also rans"? I have an HSBC that is several years old with perfect record. I was recently approved for the BB store card which is run by HSBC but is obviously not a CC. I just applied for an Orchard because their pre-qualifier tool said I was eligble and got a 10-14 day reply notice which I assume is a big fat NO. Anyone have thoughts? Orchard did not pull hard on EQ but they may have pulled something else. EQ is the only one I have on score watch.

[Anonymous]

This has been the policy at HSBC since at least last summer.  Sleigh17 had it out with HSBC after getting denied for already having an existing HSBC account.

Check out this thread from last year:

http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&message.id=4636

As far as the other HSBC cards like BB, people have had mixed results being able to get them with an existing HSBC card.  Denials for this reason are not unheard of.

Message Edited by cheddar on 03-12-2008 09:57 PM

[nicemann]

I currently have an Orchard Mastercard and just applied for the Best Buy Card. I was approved but only for $300 with BB. Orchard only has me with $2000. Been with them for about a year.

[Anonymous]

Interesting read there Cheddar, Thanx. They are odd ducks to be sure. Anxious to see what my denial letter says. In their favor, I did call them last month and beat them up for a whopping 2% decrease in my interest rate. I just got that change in writing in the mail. They wouldn't budge on a CLI though. About three months ago I sent a message from the Account Central website requesting a CLI. They graciously denied it then bumped it 600 bucks two days later. Maybe sometimes you just have to plant a seed. LOL

[Anonymous]

My DW has 2 hsbc cards 1 Household and 1 Orchard, when she applied for another got the response for too many cards.

I have a secured card (it's my oldest) and when I applied for my second card I got the same response about too many cards, but when I called the application department they explained that they allow 2 HSBC cards for any person, but if you have a secured card that is the only card you can have.

Perhaps this sheds some light.

I just got pre-approved to buy the house I want today.  USDA loan 6%ish (not locked yet) no money down and I can get the seller to cover all my closing costs. 625 EQ 630 EX 642 TU

All from paying off my credit cards (I charges some more so I just paid them off again before they report.

Thanks Cheddar you helped me in a lot of your responses, (not just to my questions)

[Anonymous]

I posted on this before. I also heard that you can only have one account. Out of pure boredom  I wanted to see what the maximum amount of cards one could have. I apped and got my second card last year then they told me that two was the limit for me at least that was until I got a 3rd hsbc product but discover though.

[Anonymous]

Update: Just got back from vacation and there was an Orchard letter in the box. I assumed it was the denial and opened it to find they needed to verify my address : ) Sure enough, because they had it wrong but it was delivered anyway. Called the lady in India and after several attempts, we got on the same wavelength. She corrected the address and congratulated me on my new account with a 2K CL. Small compared to my HSBC MC but....I now have 3 HSBC family cards. It can and does happen. HSBC MC, Orchard MC and BB Store Card (not MC).

[unknown_entity]

HSBC = Hongkong and Shanghai Banking Corporation.  They have been pretty lame for me.  Stingy with CLI's.  They seem to want to do business on their terms only.  Lots of sales calls too.  Actually it almost seems that they put your account on a script (like their CSR's) LOL.  If you deviate from it in the slightest (even by calling in for a CLI) they put you on a slow track to no improvement at all.