I have about ~770 Fico from myFico, 89K/year, own home. Rejected.... But I do have a HSBC Cash Back card, and recently went thru a mini-AOR.

matt96gt said:Applied and got instant approval, ~730 FICO, 50k income, own home.

Those approved, do you own your home?

Approved instantly using OP link

60K/yr

Own Home

Fico about 750

Retired

Don't know for what limit

cameron2003 said:
Maybe you should have tried converting it, has anyone done that?

Good idea. I'm not very impressed by this card, but its better than a straight 1% back card (since I have the 2% Fidelity 529 card).

The Credit Card Issuer faq has no information for HSBC on converting, consoldating, etc. so can't tell if it is allowed. Card is in sock draw, I'll report back tonight.

scott1961 said:I have gotten it straightened out, I had to call the application department (1-800-513-1777) Is what I thought, My first application did go thru before I lost my connection so got denied when I tried again. Also found out my CL is $25,000. So much for them giving crappy lines

People keep talking about the crappy lines...but this is an HSBC branded card. The actual crappy lines that I hear about consistently are Orchard, Household, Cap1, etc.

Sure it is possible to get a $500 line with an HSBC branded card but based on what I've heard the only people screaming about crappy lines are ones who don't actually have an HSBC card.

This part is almost settled. What about those rejected: you don't own homes?

g10ny said:I called. The reason for turning me down was: too many cards open (I just have 12 credit lines in total). Not sure if this really matters or is just a pretext. Oh well.
It would be interesting to also state here the reasons they invoked

I think that would be the best resource (reasons people are given as to why they are turned down). The approvals don't seem to have too much rhyme or reason yet, but the rejection reasons can illuminate what the real difference.

Re: your other post, matt96gt said in a few posts above yours that he was approved inst. and owns his home.

g10ny said:demingy said:
Re: your other post, matt96gt said in a few posts above yours that he was approved inst. and owns his home.
Right. That's why I asked, it seems homeowners are almost surely approved, and usually the lenders LOVE to see you are a homeowner. The question is: what about the others?

Oops, sorry, I meant to point out the post from uglyrabbit (right below the one I mentioned): that one stated a 770 FICO and "own home" and was rejected. So it doesn't seem that owning a home makes the difference.

Those of you who were denied, could it be that there's an old address in one of your credit files that doesn't match what you provided in the application? Any other piece of information you provided that may look different on your report? I know someone who was recently denied an account with a financial institution due to a non-matching old address.

If you get denied, don't they have to send you a letter giving the reason why you were denied and the name of the credit bureau where they pulled your report? Because you'd be entitled to a free copy of your report AFAIK.

Denied. Mid 70s, own, fico in mid to low 700s. Yet they offered me the platinum card. I never understood HSBC/household.