I keep getting pre-sel offers from HSBC, first for a platinum MC and then the Visa. Now, when I read the fine print and see the letters "HSBC" I get a foul taste in my mouth. I assume that they are horrible company. Am I making a false and callous assumption?
I've had the HSBC Platinum Plus Rewards Mastercard card for about a year now, $5,000 limit.....the rewards are pretty decent. I've never had a problem with HSBC. Got a 0% promotion for 12 months. I use the card every few months just to keep open. My husband hadn't used his for about 6 months and they closed his for non use. He later reapplied and was approved for $8,000. I can only assume, like other issuers, they want usage.
I also have an Orchard Bank that's about 7 years old. It never grows but it's my oldest card so I refuse to close it. It has a $2,500 limit on it, started at $300.
HSBC has cards for different credit standings. So far they've been great to me!