"Just Got It"

Direct Rewards Platinum® Review
Card Reviews
Add Your Own

Written by: karlajean on 2008-12-24

Overall Satisfaction Star Rating
Customer Service Star Rating
Rewards Star Rating
Account Management Star Rating
Delivery Time Star Rating

karlajean's review: Callout Comment I just got approved for this card, (1500 cl, and 18.99 apr, $39 af.) I am recovering from a 6 month layoff earlier this year and got behind in several house payments, but currently am on the right track. I was amazed that I got approved as I am in a Debt Management Program, (half way through), yet received such a credit limit. I guess things are looking up.

HSBC applied my af to my card immediately, however I paid it the next day, (and now have a $1 credit... Whooohooo!)

I noticed on several reviews / comments that there is a hold placed when dining out and with gas. My plan is to use this card for groceries, gas, incidentals, and then pay it every two weeks, (when I get paid, HSBC gets paid based on how much I have spent.)

Any comments on this plan of action, (i. E. Paying every two weeks versus every month.)

Any info would be great!

Also... This website rocks!!!


Comment 1 by charonh
Congrats! User Icon on 2008-12-24

Remarks On your new card and recovery, I go inside and pay for my gas purchases in advance with my credit cards to avoid the hold being placed on my card. Enjoy!
Comment 2 by meya
Way To Go User Icon on 2008-12-24

Remarks Congrats, keep us posted in the comments with your overall usage of this card. To avoid any finance charges, I say you can pay it off prior to statement closing(s).

It's OK to carry a balance, just don't carry a lot (35% at the most). Creditors tends to show love to those that they can make some money off of But since this is HSBC, don't take my last sentence too serious;y... Lol. Merry Xmas!
Comment 3 by casey
Watch Out!!! User Icon on 2008-12-24

Remarks Be careful using your card at pay at the pump... BAD CHOICE!!! Discover(not HSBC) puts a $75 hold on your account for 10 days(at least that is what is was for me). You will NOT have access to those funds. I found out the hard way... Pay inside or don't use for gas. The hold can not be taken off either... I tried.

For dining out, it is OK, providing the final sale matches the original authorization amount... If they don't they will hold the original amount for at least a week, and you will NOT have access to those funds... So don't add tip to the card, pay that in cash. It is fine for groceries and fast food...
Comment 4 by hjm331
RE: Casey User Icon on 2008-12-26

Remarks This card isn't operated by Discover so Karlajean doesn't have to worry about that hold. When I used to fill up gas on Best Buy Mastercard, I'd always see a pending charge for $1.00 and that's the gas station verifying your account.
Comment 5 by colonative
Holds User Icon on 2008-12-26

Remarks I have noticed on my "real" Discover that there is a hold that lasts for days for gasoline purchases. It is a pain especially if you have a lower credit line.

I can't believe HSBC is still offering this card, I thought it was going away.
Comment 6 by casey
RE: Hjm331 User Icon on 2008-12-26

Remarks Sorry, I have to disagree with you. This is a Discover Network Card, and is subject to the same holds as a regular Discover card... I went through it myself, why would I lie??? I called HSBC to complain and that is what I was told... It happened at pay at the pump gas, and it happened to me at a restaurant when I made the mistake of adding a tip.

The BestBuy MC is different... I have one of those too. You are correct that that is only a $1 hold...

I don't get why you compared Discover and MasterCard. They are different.
Comment 7 by meya
RE: Casey User Icon on 2008-12-27

Remarks I never had a discover card, but I would like to add a few cents about the pump. All pumps do not operate the same way. I used to work for Chevron and when you brought the card to the window, we would authorize (or put a hold) on your card according to the vehicle size. If a rig came through, we can do a hold for $300, if an SUV comes through, we can do a hold for $100, and if compact- full sized cars came through, we can do $25-$50.

Remember, this is done at the window. Our pumps would do its own hold depending on what type of card that was used. I have had some people complaining about it holding $50 and all she came through with was a 4 cylinder bucket. I brought this attention to my boss and she told me it authorizes different on certain cards and she has no control of it. Believe me, it was those who used a discover or Amex who it hit the most. I use my debt card a lot, and like hjm stated, it only takes $1 off. And I believe that is just to guarantee that they will get paid or to verify an open account.

I don't think either one of you are lying, I believe the both of you experienced different processing on different pumps in different locations. Just my opinion and real life story, please don't slice my throat you two... Lol
Comment 8 by hawk
RE: Casey User Icon on 2009-01-02

Remarks I have the HSBC Discover card they don't hold the full amount or Double hold like some vendors do. If I get gas it's a dollar hold charge. The charge generally takes four days to a week to post. The funny thing about HSBC's Discover is the billing cycle takes a while to post. I hadn't used it in a few months used it for some Christmas gifts in November it just finally came due the other day. Not that I'm complaining lol. The first time I used the card was the same way. There are vendors like Pepboys and other vendors will hold double for purchases I have called creditors about this it is done by the stores or gas stations to protect thems selves as explained by a creditor.
Please login or register for free to view your stats, add reviews and card application results, or post comments.
Credit card reviews and comments are posted by user submission and do not warrant the opinions of Finance Globe.

Disclaimer: This content is not provided by Direct Merchants Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Direct Merchants Bank. Review content is powered by Finance Globe.