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HSBC Cards

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Anonymous
Not applicable
‎10-08-2009 09:08 AM
‎10-08-2009 09:08 AM

Re: HSBC Cards

@lanah wrote:

Your credit scores must be really good. I currently have a 716 on Eq.  but I closed one joint account on T. and it lowered my credit score to 625. So I now i have a hundred point difference just because I closed an account.

 

The government should do something about credit scores being affected by closing an account. Credit companies know that it hurts your account so they don't car e if you close it or not.

 

Do you revolve balances? What is your UTIL %?
Message 11 of 15
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Anonymous
Not applicable
‎10-08-2009 09:12 AM
‎10-08-2009 09:12 AM

Re: HSBC Cards

@lanah wrote:

Your credit scores must be really good. I currently have a 716 on Eq.  but I closed one joint account on T. and it lowered my credit score to 625. So I now i have a hundred point difference just because I closed an account.

Hi lanah, 

Wow - Sorry about that huge score drop!  That would send me to Baskin Robbins for a double scoop cone.

Can you confirm if both those scores are Ficos?  And could you share how much your utilization changed when you closed this account?  Thanks for any info you can give us on that one!

Message 12 of 15
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plasticguy
Established Contributor
‎10-08-2009 10:54 AM
‎10-08-2009 10:54 AM

Re: HSBC Cards

HSBC Cash Fly was 14.99 going to 20.99 in Dec account 4 yrs old

HSBC (Direct Merchants formerly) 14.99 - 17.99 in Dec account 10 years old

However, GM CARD ISSUED BY HSBC going from 6.74V to 6.99V in Dec Explain that?? Account 9 years old


No Balance on any above mentioned cards Total Utilization elsewhere 2%
Message 13 of 15
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Anonymous
Not applicable
‎10-08-2009 11:01 AM
‎10-08-2009 11:01 AM

Re: HSBC Cards

@plasticguy wrote:
HSBC Cash Fly was 14.99 going to 20.99 in Dec account 4 yrs old

HSBC (Direct Merchants formerly) 14.99 - 17.99 in Dec account 10 years old

However, GM CARD ISSUED BY HSBC going from 6.74V to 6.99V in Dec Explain that?? Account 9 years old


No Balance on any above mentioned cards Total Utilization elsewhere 2%

HSBC has a partner on this card who they have to keep happy. Otherwise they might just pick up shop an move to another issuer.

Message 14 of 15
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Anonymous
Not applicable
‎10-08-2009 11:50 AM
‎10-08-2009 11:50 AM

Re: HSBC Cards

Anybody know if it is worth keeping my [almost one year old] OB Card alive, or if closing it with a small balance will still allow them to charge me another anual fee?
Message 15 of 15
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