I spoke with a CSR at HSBC who essentially said that all of the HSBC CLDs happened on 2/18 and implied that they are done cutting. She did not flat out say that there will be no more cuts for now. I am hoping this is the case since, so far, my MC has been spared, but I really had not availabe CL to cut.. only $36.00 was there. When I asked her if my paying off the Disc. and making a large payment on the MC will now give HSBC incentive to cut more.. she just kept saying .. all the credit line declines happened on 2/18 and there is no need for me to worry about anotehr Disc cut.. and my M/C should be fine.
Can anyone else say whether they were CLD before or after (i know is still so soon after) 2/18 and if they think HSBC is done slashing?
Well some very samll consolation ... they at least lowered my rates on both cards... Disc. 13.9 from 14.9 on purchases... and 19.9 from 22.9 on cash advances... MC did not lower 14.9 on purchases.. but lowered cash advances from 22.9 to 20.9.
Message Edited by Changingmantra on 02-20-2009 08:11 AM
