Originally Posted by
PDXBRU33
Beware, HSBC sold their credit card business to Capital One. Not the premium cards like the Premier World, but most everything else. So if you downgrade, make sure it is not to one that will really be a Capital One card.
HSBC, NA still issues a cashback card and a non-cash back card (both with zero FETF BTW) in addition to the Premier Mastercard. From the conversations I've had recently with HSBC bankers, they are about to start a major push to market these cards. I would think the OP could easily downgrade to one of them if he or she wanted to.