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Received a letter today from Capital One that my HSBC GM Card has been purchased by Capital One on or about May 1, 2012.
Capital One is now the Issuer of this card.
I get to keep the same account number and credit card.
Continue to have the same account features
Payment address, phone numbers, and online functions, including bill pay, remain the same.
They have already changed the trade line in my credit reports.