HSBC Officially Sold Card Business to Capital One !!!! (including retail store cards).

[Ron1]

link:

http://www.hsbcusa.com/ourcompany/pressroom/2011/news_08102011_card_sale.html

FAQ:

http://www.hsbcusa.com/ourcompany/pressroom/news_08102011_card_sale_faqs.html

Ron.

[Anonymous]

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@Ron1 wrote:

link:

http://www.hsbcusa.com/ourcompany/pressroom/2011/news_08102011_card_sale.html

FAQ:

http://www.hsbcusa.com/ourcompany/pressroom/news_08102011_card_sale_faqs.html

Ron.

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This also includes Orchard Bank, no?

I wonder what will happen when CapOne assumes Orchard Bank credit card customers and finds a customer that is blacklisted by CapOne. 

[MagicShot]

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@Anonymous wrote:

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@Ron1 wrote:

link:

http://www.hsbcusa.com/ourcompany/pressroom/2011/news_08102011_card_sale.html

FAQ:

http://www.hsbcusa.com/ourcompany/pressroom/news_08102011_card_sale_faqs.html

Ron.

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This also includes Orchard Bank, no?

I wonder what will happen when CapOne assumes Orchard Bank credit card customers and finds a customer that is blacklisted by CapOne. 

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I would assume because they said all non HSBC directly branded card will be in the sale.

[misfit928]

I wonder if this will now bring hope to those Orchard secured card holders to finally be able to graduate to unsecured.