Originally Posted by themicah
HSBC is NOT a subprime lender. They are one of the world's foremost financial institutions. They recently acquired some credit card issuers in the US that specialize in lending to folks with bad credit, but HSBC itself is a solid bank, not some fly-by-night operation.
The HSBC 5% card is also linked above in Post #10 of this thread.
Not to argue with you at all. While I know HSBC is world 2nd largest bank after Citibank. They did not start issuing cards in USA till they bought Orchid Credit Cards which was the largest sub prime issuer of credit cards in USA. While after buying that Credit Card company they have switch names over to HSBC and started issueing prime credit cards. I am sure they did not fire all older manager, CS rep or higher ups in Orchid as reported by many people on fatwallet.com, credittalk.com and cardnews.com forums most CS reps seem to treat everyone like lieing scum.
Unlike card issuers like Citi, Chase, Amex, BofA and MBNA who never issued sub prime cards seem to treat there customers nicer when they have an honest mistake in not paying your bill on time. For example online bill payment error, lost check in the mail etc.
HSBC CS always take the standance your lieing and never made the payment end of story as they are used to dealing with sub prime borrowers who i guess call up and lie all the time trying to get thoses fees waived.