Originally Posted by
$1500forGLD
I'm an HSBC Premier customer who has the Premier World MC. HSBC dropped online savings account rate from .8% to .5%, and I no longer wish to have 100K+ at HSBC. If I drop below 100K and choose to drop from Premier to non-Premier, I understand that I'll lose my Premier MC.
I want to keep my line of credit open and get some other HSBC credit card so it doesn't hurt my credit score, but I've been given the run-around about it. What, if any, rights do I have at this point?
I am also HSBC Premier with a Premier World MC. The way I understand it is that if your qualifying HSBC balance goes below $100K, you will be assessed $50 per month to keep Premier status including the MC. If you do not want to pay to keep Premier status, the Premier MC will go away. Since they have sold their card business with the exception of Premier, there is probably not a downgrade option. That said,you need to call your HSBC Personal Banker to get a definitive answer