HSBC Credit Line Increase

[Anonymous]

I have a credit card with HSBC. When I got that card back in Sept, the limit was $300 and my credit scores were in the mid 500 range. My average score is now 640, so I called in to request a credit line increase over the phone. They only gave me $100. I would think that with my improved scores, not lates payments in over 2 years that I could get a higher CLI than this. I just called them and put in a request for an appeal. Any idea what my chances might be?

I wish I knew which card card company would be me a limit of $1,500 to $2,500 based on my current credit score.

Thanks!

[Tuscani]

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ccm wrote:

I have a credit card with HSBC. When I got that card back in Sept, the limit was $300 and my credit scores were in the mid 500 range. My average score is now 640, so I called in to request a credit line increase over the phone. They only gave me $100. I would think that with my improved scores, not lates payments in over 2 years that I could get a higher CLI than this. I just called them and put in a request for an appeal. Any idea what my chances might be?

I wish I knew which card card company would be me a limit of $1,500 to $2,500 based on my current credit score.

Thanks!

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Slim. HSBC is not as generous as say Citi or Amex.

[Anonymous]

Citi has been the most friendly with me and CLI in that sense.  I have an Orchard Bank/HSBC card with a $200 limit.  It's been that way for a couple of years now.  I've attempted a few time to increase the CL, but they constantly deny me.  So I've stopped using the card a couple months ago because it's pointless to have a $200 card.  (That's only 3 tanks of gas for me!)

Message Edited by UnderEstimated on 05-16-2007 07:05 AM

[Anonymous]

I just got approved for an Orchard card with a $300 limit yesterday. I guess i have to be prepared to be stuck at $300 for this card. I was hoping to get my limit higher to rebuild my credit.

[Anonymous]

I practically had no credit when I applied for the card.  Citi gave me a $1000 CL to start out with and OB/HSBC gave me $200.  Now my scores have dramatically increased, no late payments, never over my limit, and they still refuse to increase my CL.  They constantly tell me I do not have sufficient credit history for them to allow a CLI.

[jandj]

I got the Orchard Bank card about a year ago and it started out with only a $300 limit.  Since then the limit increased to $500, then $1000, then $2200 and last month they increased it to $2400.  I have not asked for any of the increases.  They seem to be a very fair, nice to deal with credit card from my experience.  I put over $1000 on the card last year for wedding expenses but paid them off within a few months so that may be something they look for (someone capable of making large purchases but then paying them off quickly....)?

[Anonymous]

jandj,

I just got a 300 limit Orchard card yesterday...What do you think i need to do to have them raise the limit to around $500-750 by end of this year..? Thats my goal...500 by end of 2007...1000 by mid 2008. and hopefully 1500ish by end of 2008.

[jandj]

I think they definitely look for you to use the card but also to pay it off within 2-3 months.  If you're able to, I would charge about $150-200 on it and then pay it off with maybe ~$75 payments over the next couple of months.  That shows that you're a good, worthwhile customer to them because you carry a balance, but you carry it very responsibly.  That's really all I've done and it has helped increase my credit score from 548 to 633 currently.

[Anonymous]

Wow, can anyone possible figure out Orchard Bank/HSBC's thinking on CLs?  I'm starting to think maybe they have a really big wheel that they spin. I got my OB/HSBC MaterCard a couple months ago with a $1500 CL. I have applied for and been approved for two more HSBC cards (Discover and Visa) but I don't have the cards yet and don't know the CL's.  I won't be surprized if they are only $200-$300 each.  If so, they will get closed and I will look for better.

Message Edited by KevKaos on 05-16-2007 10:27 AM

[Anonymous]

No idea, but there appears to be some inconsistancies among all of us.  I'm sure there is more that goes into determining your CL, but it just seems awkward.  I've had a perfect history with them, my balance has been at $0, never more than $75-$80 for 2 years and no CL raise.