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HSBC sells US CC to Captial One

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Regular Contributor

HSBC sells US CC to Captial One

The news that everyone has wanted to know: HSBC will sell it US based CCs to Capital One for $2.6 billion.

 

I wonder what will happen to people like myself who already have 2 Capital One cards and one HSBC. Will they combine my card with HSBC? Let me know your thoughts.

 

Tell me what you all think about Capital One taking over.

Message 1 of 33
32 REPLIES 32
Frequent Contributor

Re: HSBC sells US CC to Captial One

For !@#$%^&*'s sake.

 

I don't want to do more business with Capital One. My one card with them is enough as it is - they're idiots. Citi, Chase, AmEx, U.S. Bank, Bank of America, Navy Fed, etc, look like angels compared to CrapOne.

 

I may consider closing that card, then. It sucks because it's a $9,500 tradeline, but honestly...

Despite my employment in the banking industry, any and all views contained in this post are purely my own, and do not represent any financial institution, nor constitute as financial or investment guidance or advise.
Message 2 of 33
Regular Contributor

Re: HSBC sells US CC to Captial One

I've been doing business with Capital One for a very long time. They're okay in my eyes. However, Citi, Chase, and Navy Fed have to be the best cards. I was actually looking forward to Chase getting this portfolio.

Message 3 of 33
Frequent Contributor

Re: HSBC sells US CC to Captial One

I'd have preferred Wells or PNC, personally.

 

And CrapOne was one of my first cards. It is now my lowest limit since they refuse to CLI it, which is fine. If they want to keep me at $3k, I'll give my business to Citi, Chase, U.S. Bank, Bank of America and Navy - all of which had no issue either issuing or CLIing me to $20k or higher on my cards with them.

 

And I cannot stand their outsourced customer service - they're worst than most -

Despite my employment in the banking industry, any and all views contained in this post are purely my own, and do not represent any financial institution, nor constitute as financial or investment guidance or advise.
Message 4 of 33
Regular Contributor

Re: HSBC sells US CC to Captial One

We all will see how the sell of this portfolio will work out. I'm going to be optimistic!Smiley Wink

Message 5 of 33
Regular Contributor

Re: HSBC sells US CC to Captial One

why just why lol

 

oh well i guess i will cancel it in a few weeks and apply for a walmart discover card in its place Smiley Very Happy

My Cards
BBVA/Compass 2/12 $ 5000 ----- Chase Freedom 12/10 $3000 ---- Cabela's 1/12 $3000 -----US Bank FlexPerks Cash Rewards 6/11 $3000 ----Walmart Discover 10/11 $2814 ------ Discover More 11/11 $2500 ----- Amazon Store Card 2/11 $2100---- Amex Zync 4/11 ---- Citi Dividend Platinum Select 3/11 $1950 ---- BofA Cash Rewards 12/11 $1000
Message 6 of 33
Regular Contributor

Re: HSBC sells US CC to Captial One

lol...brian.

Message 7 of 33
Regular Contributor

Re: HSBC sells US CC to Captial One


@meka1984 wrote:

We all will see how the sell of this portfolio will work out. I'm going to be optimistic!Smiley Wink


You have to wait almost a year  "The deal is expected to close in the second quarter of 2012" .

Message 8 of 33
Established Contributor

Re: HSBC sells US CC to Captial One


@JMN wrote:

I'd have preferred Wells or PNC, personally.

 


 

And I cannot stand their outsourced customer service - they're worst than most - hell, I'm quarter Indian and saying this!


 

In my view, Chase and many others have the same outsourced customer service. And "worst" is a superlative hence you cannot use it in a comparison. Smiley Very Happy

 

With regard to PNC, I've been an account owner for seven years, had their CC for four years.In the branch you get treated kindly. However, whenever I called them on the phone, I had rude reps. Almost always. When Elan still did their CCs, that was ok. Elan reps were very helpful. But PNC phone reps have been outright unhelpful to me.

 

Message 9 of 33
Visitor
Visitor

Re: HSBC sells US CC to Captial One

 

 

What might happen to Orchard Bank credit card holders after the transfer if CapOne finds that person was blacklisted with CapOne?

Message 10 of 33
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