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Looks like JPMorgan Chase might be jumping into the fray, as well:
http://www.abalert.com/headlines.php?hid=152684
@Believe1970 wrote:
Does anyone know when a descion could be expected?
I would think that would depend on how many big banks make an offer that Hsbc likes.
I would think it wouldn't happen for at least a year or more because of the legality of it all, provided they took an offer.
But I'm be no means any kind of expert, that would just be a good guess.
My hope would be that whomever ends up with HSBC's portfolio will treat their new customers better than Chase treated WAMU customers.
@android01 wrote:My hope would be that whomever ends up with HSBC's portfolio will treat their new customers better than Chase treated WAMU customers.
Would you mind going into detail about this? I'm considering opening an Orchard card so that I may get into Wells or back into Chase...
well i hope its capital one i already have two accounts with chase and one with wellsfargo with pretty good limits they would probally get rid of my two cards if it went over,
This will be interesting, since I just received my Household Bank CC in June. I hope someone other than Capital One acquires the account. I had an account with them in the past that went into collections. I would hate to be dropped due to some blacklisting after taking charge to correct my credit. *crosses my fingers*
Keep both your credit and your body in top shape!
@jmcmillan wrote:
@android01 wrote:My hope would be that whomever ends up with HSBC's portfolio will treat their new customers better than Chase treated WAMU customers.
Would you mind going into detail about this? I'm considering opening an Orchard card so that I may get into Wells or back into Chase...
Chase cut a 15K CL in half and rate jacked me to 25% from 11%. The WAMU account was 10 years old at the time with perfect payment history. I called to ask for a rate reduction (which they refused to do) and was told by a Chase CSR, "Sir, if you can't afford to use our credit card, then by all means use someone elses". Needless to say I took their advice, and my Chase card sits in the sock drawer with a $19 recurring charge every month. I won't close it because it's 12 years old now. At the time, Chase seemed to be actively culling WAMU customers based on some of the things I've read here and elsewhere. I can just imagine what they'll be culling when it comes to some of HSBC's products and customers.
@Anomalous wrote:This will be interesting, since I just received my Household Bank CC in June. I hope someone other than Capital One acquires the account. I had an account with them in the past that went into collections. I would hate to be dropped due to some blacklisting after taking charge to correct my credit. *crosses my fingers*
I don't think that would happen, at least it didn't for me. I still had the collection on my account from Cap1 and they gave me a new card in April. However the limit is low but I was shocked they sent me a pre-approval in the mail and sure enough I got the card.