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HSBC Red Credit Card: the HSBC card you can actually understand

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  1. #111

    Join Date
    Oct 2006
    Location
    Hong Kong
    Posts
    13,662

    Just got an SMS saying my credit limit request has not been successful.


  2. #112

    Join Date
    Jan 2010
    Posts
    3,237
    Quote Originally Posted by pin
    Just got an SMS saying my credit limit request has not been successful.
    HSBC are weird that way. They kept pestering me to apply for their Visa Signature and when I did they refused the application All my money goes in that account, I have the Premier Mastercard and the missus has her Visa Signature on the same account. With the ridiculous limit I got from SCB I don't really need another card anyway.
    AsianXpat0 likes this.

  3. #113

    Join Date
    Oct 2010
    Posts
    19,285
    Quote Originally Posted by pin
    Just got an SMS saying my credit limit request has not been successful.
    I went through a similar thing three or fours times. Provided my (HSBC!!) bank statements etc and everything they asked for but kept getting rejected. Pure muppetry. No explanation either.

  4. #114

    Join Date
    Mar 2010
    Location
    Hong Kong
    Posts
    224

    Whet your appetite with promises of 4 / 2 / or 1% rebate - but heaven forbid you put all your spending on that card!

    If you're buying a new car, stick to the Premier MC with only 0.4% rebate please.

    That could be their logic.


  5. #115

    Join Date
    Dec 2018
    Posts
    953
    Quote Originally Posted by tparker
    Whet your appetite with promises of 4 / 2 / or 1% rebate - but heaven forbid you put all your spending on that card!

    If you're buying a new car, stick to the Premier MC with only 0.4% rebate please.

    That could be their logic.
    I don't think the new car dealers will let you pay by credit card but, in any event, I'm not sure if thais is right as I was given quite a high limit without asking.

    Possibly the reason for the relatively low limits some people have is that HSBC assigns each customer a maximum aggregate limit on all credit cards and the Red Card, being the last one applied for, only gets a limit equal to what's left after allowing for the limits on the applicant's other cards?

  6. #116

    Join Date
    Jun 2013
    Posts
    142

    Received my rejection letter yesterday. Form letter with no real reason given. Al the reasons provided besides “Other reasons” not really applicable or could have been easily countered. I’ve been thinking about switching banks or just pulling majority out and let it sit in the US so don’t want to peruse this any further other than to call them and tell them what a bunch of muppets they are and drop a few f bombs.


  7. #117

    Join Date
    Mar 2010
    Location
    Hong Kong
    Posts
    224

    ... actually you're right. I never bothered to check what limit they gave for my Red card, but it's not far off from the Premier MC. Possibly debunks the other theory too.

    Maybe they throw dice, or have a roulette wheel?

    The Premier / Advance cards come automatically with the accounts (without income proof), but I had a standalone HSBC card from many many years ago, then applied with usual salary proof etc... - but I assume it's a different quota in their systems? Maybe it matters which quota your card gets "filed" under? (They gave me the red, I didn't apply - so no idea where that lies).

    Case in point: I have a Hang Seng MC with default limit by association with something, but recently applied for the Enjoy VISA (for Wellcome supermarket discount). They asked for the usual stuff; I couldn't be bothered, suggested they share limit with my existing card - and got just that. To date they have no idea what I earn (thank goodness... they'll take the card back!).

    traineeinvestor likes this.

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