I found a strange transactions in my HSBC card account recently, that said it is "INTEREST CREDIT ADJUSTMENT" and actually giving me just almost $11, another strange thing is that transaction is from Dec 2009, yet it posted in the middle of June 2009. Needless to say I have never ever paid a cent of CC interest in my life. A quick google search revealed a couple of other similar posts that appeared a withing last few weeks, with similar explanations. Anybody else have seen those? Any idea of what is it? (Sure, I always appreciate free money, but I am still curious what is the reason for this particular credit and perhaps how to make it bigger for the next time (one person reported this is an annual thing, but I only have the card for a bit over a year now, so don't know about this part)). I checked my transactions for Nov and Dec 2008 and I do not see anything in particular on the date the transactions appeared, except this is my statement date, and during the course of that statement I did a "prepay" (that is - paid some money that were not due) something like $200. I find it hard to believe I got 5+% on $200 in just a couple of weeks it took for the statement to close, though I do not rule it out completely. (I guess I will perform an experiment and prepay some more money (as in couple of thousands, I guess) at the start of the next statement period to see what happens, but that would likely take another year to see the effects).
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posted: Jun. 30, 2009 @ 1:18a
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posted: Jun. 30, 2009 @ 1:32p
I got one also, only it is for $0.89. Both the transaction date and the post date is 6/18/09. My HSBC card is from Orchard Bank. I've never paid interest on this card and I've never received it before (I've had this card for two years). I have often prepaid my card before the closing date because the CL is only $1000, but never received this before.
If anybody finds an explanation, please post!
posted: Jun. 30, 2009 @ 2:05p
I feel poor.
I only managed to get a $0.29 credit adjustment. The transaction date is from 12-23-08 and the post date is 6-23-09. A super late christmas present? woohoo... ahh.. what can I buy? a pack of gum? no, that is $0.35 now. I can't afford that.
Like the rest of you, I have no idea why I got this credit. I prepaid my Household Bank 2% CC almost every month. I charge about 1k each month but my credit limit is only $750. (HSBC sucks...most of other cc are at least 10x that)
posted: Jul. 16, 2009 @ 9:16a
I have the Saks World Elite card from them. I have gotten these randomly before -- usually after I dispute a charge. I never carry a balance so never incurred interest anyways so I continue to find it quite odd. Maybe it is thier attempt to reverse the charges immediatley as a coutesy while merchant investigation takes place?
posted: Jul. 16, 2009 @ 9:14p
We need a new acronym: WDTSWYCT = what did they say when you called them?
posted: Jul. 17, 2009 @ 3:27a
I got one from my 2% Orchard Bank card too randomly...I've never paid a penny interest in the entire lifetime of the card so no idea why they'd do that.
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