"Better Come Clean"

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Written by: ash on 2008-02-25

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ash's review: I know I should not have done it. I know what happens when I get bored... They approved @750.00.

That makes three HSBC accounts. I am in the process of closing some other sub prime accounts and I know I will get a FICO hit but I have obtained some better accounts this year. Time for Spring Cleaning and stop applying...

13 Comments

Comment 1 by arod
Congrats on 2008-02-25

On your credit line.

Take care,

Alex
Comment 2 by meya
Cool on 2008-02-26

Way to go on the approval.
Comment 3 by ash
Re: on 2008-02-26

I just received the terms for this offer. High APR 19% but no annual fee... Sounds good to me :)
Comment 4 by hjm331
Not Happy With HSBC on 2008-02-26

I'm not happy with HSBC. Might as well make them sock drawers but I do like the design of their Best Buy Rewardzone Mastercard :)
Comment 5 by meya
Re:hjm331 on 2008-02-26

Whats wrong with the direct rewards bro. Please add this to the comment and the network. I have been dying to hear stories about this card, there is a lot of times that I miss things over here because I am so focused on the network. I'll be waiting!
Comment 6 by hjm331
RE: Meya on 2008-02-26

I don't have this card but anything that has to do with HSBC is not for me, I don't want to do any business with them.
Comment 7 by arod
Just A Question on 2008-02-27

Hjm331 why you don't do business with HSBC.

if you don't mind me asking.

Alex
Comment 8 by hjm331
RE: ARod on 2008-02-27

I don't like doing business with the HSBC because they report very slowly and process their payments very slowly, they outsource their CS, and they are very greedy with CLIs.
Comment 9 by arod
OK on 2008-02-27

Well I'm like new with HSBC but I will keep that in mind.

I Have like 7 months with HSBC and I have 3 cards from them... I wont close them but I wont use them.

But I will carry My I love NY Card because low interest and no annual fee..

and its my favorite they also send me a letter that if I go over my credit limit that they wont charge me a fee

Overall its a good card but from your review you have better cards I also have a few I like and I know your favorite is Bank of America but for the records The

I love NY card from HSBC is good.

Take Care,

Alex
Comment 10 by hjm331
ARod, I'm With You On That One on 2008-02-27

ARod, don't misunderstand me. I'm not saying don't use your card. I'm just sharing my personal experience with HSBC as everyone else does.

I'm just stating my opinion for people looking for advice on if they should apply or not and there will be people that will agree and disagree.
Comment 11 by arod
Hjm331 on 2008-02-27

People on this site does respects your comments and I will use one Of my HSBC card but I have heard a lot of bad feed back on HSBC So I'm not saying its you... But all the feed back on this site does help and believe it or not we do appreciate every comments... The more the better.

But in any case just like you we are all here to help other.

And I will say thank you for all the info. Posted.

It does help me and others.

Take care,

Alex
Comment 12 by ash
Re: Credit Reporting on 2008-02-27

My experience...

I always pay online and it post within 2 days. No payment holds what so ever. Regarding the reporting I have heard that once you pay off the card they are slow to update. I have noticed that on the credit reports they are always about one cycle behind. As for actually reporting the card I would have to say my accounts showed up within a few weeks.

On this account I applied on 2/15, the card came within 1 week. Then yesterday I rec'v an alert from myFICO that they started reported the new account. Thats pretty quick!
Comment 13 by colonative
Agree About HSBC on 2008-08-16

I won't do business with them because they are a foreign owned company now. Hong Kong and Shanghai Banking Corporation headquartered in London. They bought out Household in 2003 which was American. Won't do business with RBS (Royal Bank of Scottland) for the same reason. Just my 2 cents...
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