Downgrading HSBC Premier World Mastercard
Jun 14, 2012 | 4:17 pm
#1
Original Poster
Join Date: Sep 2002
Location: LAX
Programs: AA PLT / 2MM
Posts: 2,145
Downgrading HSBC Premier World Mastercard
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 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?
Jun 19, 2012 | 10:48 am
#4
Join Date: May 2012
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Programs: DL GM, BA Silver, SPG Gold, HHonors Gold, PC Plat, Hyatt Gold, Accor Plat
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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.
Jun 19, 2012 | 6:23 pm
#5
Join Date: Apr 2005
Posts: 189
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 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?
Jun 19, 2012 | 7:19 pm
#6
Flyertalk Posting Legend Moderator: Credit Card Programs, American Express, Capital One, Chase, Citi, Diners Club, Eco Travel, Signatures
Join Date: Jun 2003
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HSBC USA site shows three card levels:
http://www.us.hsbc.com/1/2/home/pers...g/credit-cards
...but I think 1500forGLD's question is if HSBC is required to convert the card to another version. I cannot that any card issuer would be obligated to convert any card for any customer.
http://www.us.hsbc.com/1/2/home/pers...g/credit-cards
...but I think 1500forGLD's question is if HSBC is required to convert the card to another version. I cannot that any card issuer would be obligated to convert any card for any customer.
Last edited by mia; Jun 20, 2012 at 8:37 am
Jun 20, 2012 | 3:44 pm
#7
Join Date: Oct 2006
Location: USA
Programs: DL PM, Hyatt Globalist
Posts: 2,369
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.
