HSBC CC prequalification?!

[GApeachy]

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@Meanmchine wrote:

 Lets just say it didnt end nicely so Im surprised they preapproved me

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Are you going to try in the near future?  Our relationship was torn asunder about 8 yrs. ago.....laying low a couple more years.

[Anonymous]

I got my letter today. 

Reasons for declination:

-Bankcard proportion of recently opened trades to open trades with balances (yeah I got new credit and I'm using it)

-Percent of recently open trades with a balance (yeah same as above)

-Length of time since oldest bankcard trade opened (5y8m is apparently working against me)

Not surprised about the reasons but the 695 score caught me off guard. With a bit of Googling, it looks like it's FICO Nextgen (EQ Pinnacle) that they're using. 

[CreditCuriosity]

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@Anonymous wrote:

I got my letter today. 

Reasons for declination:

-Bankcard proportion of recently opened trades to open trades with balances (yeah I got new credit and I'm using it)

-Percent of recently open trades with a balance (yeah same as above)

-Length of time since oldest bankcard trade opened (5y8m is apparently working against me)

Not surprised about the reasons but the 695 score caught me off guard. With a bit of Googling, it looks like it's FICO Nextgen (EQ Pinnacle) that they're using. 

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Yes they use Nextgen pinnacle a very old scoring system

[Anonymous]

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@CreditCuriosity wrote:

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@Anonymous wrote:

I got my letter today. 

Reasons for declination:

-Bankcard proportion of recently opened trades to open trades with balances (yeah I got new credit and I'm using it)

-Percent of recently open trades with a balance (yeah same as above)

-Length of time since oldest bankcard trade opened (5y8m is apparently working against me)

Not surprised about the reasons but the 695 score caught me off guard. With a bit of Googling, it looks like it's FICO Nextgen (EQ Pinnacle) that they're using. 

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Yes they use Nextgen pinnacle a very old scoring system

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It's still better than my EX2. 

[CreditCuriosity]

Froma last statement cut.. Funny thing reason one is way out of whack I have about a 2300 balance on about 500k in personal credit.  They consider that high and that is on a 50k limit CC lol..

[Anonymous]

That's absolutely ridiculous. Definitely not a score model that's friendly to those of us who run way outside of expected behavior. 

[Anonymous]

Like Discover they send you a letter if you don't prequalify? Seems like a waste.

I have to browse in the open to see the link. The prequalification link does not show in Incognito/Private mode. It must need cookies to work.

They said I prequalify but I am skeptical. EQ is my losest score and has some dirt on it that aged off my other reports.

Going to wait on some more dp's.

[Vulcan1]

I received a letter fom HSBC.  They could not review because my EQ is locked. They said to unlock and try again. I haven't done so yet.

[Aspireto850]

Just went to HSBC and noticed they now have a 'pre-qualify' option without impacting score. It was there last week. maybe this will help minimize the lengthy approval process I've come to learn about on this site.

[Anonymous]

Yep, its been known about for a bit.

https://ficoforums.myfico.com/t5/Credit-Cards/HSBC-CC-prequalification/td-p/5798292