HSBC Credit Card Credit Limit Policies
Author: AJ
Posted: Mon Jul 17, 2006 8:06 am
Post subject: To the person wanting to know about HSBC CLI policy.
I have the HSBC Platnium and the GM platinum, both are HSBC. I only had the HSBC for 6 months when the increased the limit on their own, even when I had a 5k limit and only 800 left on the card. I was given the card that has Zero percent for a year on transfers. My Gm card has a 14k limit with a zero balance. For no reason, they increased the limit by 2k , go figure.
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Author: Polonius
Posted: Mon Jul 17, 2006 2:50 pm
Post subject:
I have both of those cards too.
The HSBC Platinum was one I applied for and received at the end of November. $5,000 CL, 0% BT for a year. I used almost half of that limit for a BT. It's been over 8 months now--no CLI for me.
I've had the GM card for a decade. A couple of years ago, its credit limit was REDUCED from $11,500 to $7305. (I owed about $7000 on a BT at the time.) It has never budged since then. I've requested a CLI twice since then and have been turned down both times. I also have a zero balance on it--and have had a zero balance for five months now, after paying off a 1.99% no fee BT. I'm waiting for another good deal...
I have both a savings and a checking account with HSBC right now. The savings account has had over $35,000 in it since January. Still no CLI.
So what is HSBC's "policy" on CLIs? I don't know. Two examples don't tell us. Be slow to conclude anything about such matters based on your own experience
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Mon Jul 17, 2006 8:06 am
Post subject: To the person wanting to know about HSBC CLI policy.
I have the HSBC Platnium and the GM platinum, both are HSBC. I only had the HSBC for 6 months when the increased the limit on their own, even when I had a 5k limit and only 800 left on the card. I was given the card that has Zero percent for a year on transfers. My Gm card has a 14k limit with a zero balance. For no reason, they increased the limit by 2k , go figure.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Polonius
Posted: Mon Jul 17, 2006 2:50 pm
Post subject:
I have both of those cards too.
The HSBC Platinum was one I applied for and received at the end of November. $5,000 CL, 0% BT for a year. I used almost half of that limit for a BT. It's been over 8 months now--no CLI for me.
I've had the GM card for a decade. A couple of years ago, its credit limit was REDUCED from $11,500 to $7305. (I owed about $7000 on a BT at the time.) It has never budged since then. I've requested a CLI twice since then and have been turned down both times. I also have a zero balance on it--and have had a zero balance for five months now, after paying off a 1.99% no fee BT. I'm waiting for another good deal...
I have both a savings and a checking account with HSBC right now. The savings account has had over $35,000 in it since January. Still no CLI.
So what is HSBC's "policy" on CLIs? I don't know. Two examples don't tell us. Be slow to conclude anything about such matters based on your own experience
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 2:08 PM
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