The Costco HSBC application

[Tina D]

Hiya,

 

I just wanted to let those who were interested in the Costco HSBC Biz application know that I have scanned it and it has been uploaded here.

 

Tina D.

hsbc_app.pdf

[drew3918]

Thank you Tina

[Tina D]

Bump

[New Girl]

Wow, thanks for scanning it! You saved me a trip.

[Jim98204]

Hiya,

 

I just wanted to let those who were interested in the Costco HSBC Biz application know that I have scanned it and it has been uploaded here.

 

Tina D.

 

Many Thanks Tina D., last week I faxed my application , and I just learn that I was approved for $20,000, No Doc, No PG. My Paydex :80; EX Biz: 97; both 3 small reporting; 4 years business.

[Jemack]

What number did you call.

 

Now this is a 30 net account correct?

[Jim98204]

I called the number on the application form: 800-220-8594. I asked for $25,000 and they approved for $20,000. I didn’t check if it was a net 30 account. I read on this board that HSBC stopped doing revolving accounts now and only do Net 30 on some store cards. We have to double-check.

[Jim98204]

I just call them, they confirm that it is a revolving account. The account online access is www.hrscommercial.com

[Jemack]

Thank you! Calling now

Edited July 4, 2008 by Jemack

[Jemack]

Well they said that they never got my application and i need to resend it Bummer, But she said that they turn around is 24 hours and that they are open until 4pm EST 07/04

[Jemack]

Refax my information last night

 

DECLINED - Either PG or Financials

So I will send my financials. Does anyone know if i send my tax paperwork in will this work? Or are they looking for accounting paperwork?

 

thanks in advance

[Jim98204]

Refax my information last night

 

DECLINED - Either PG or Financials

So I will send my financials. Does anyone know if i send my tax paperwork in will this work? Or are they looking for accounting paperwork?

 

thanks in advance

 

I think they declined for a No Doc because you don’t have a paydex. In the application form they state: †..if no guaranty is given, you may be required to submit your latest financial statement or most recent tax return.â€

[Jemack]

Yes i need to get that paydex. Since i have had DNB number since 2001 and have credit history for the biz since 2007 but nothing has ever reported to it. I am working on getting items to report as we speak i think i will hold back and get some reporting for get that paydex, then reapply if anything i will send tax return.

I have 4 TL report only to experian, so these should report also to DNB

[barstowtrade]

Is this a card only for use at Costco or is it a credit card?

[Ace_TX]

^ Costco store card, there other card is a cobranded AMEX

 

Jemack i figured you would get a starter line thrown because of time in business

 

but anybody else that is not sure of requirements, I would expect the same HSBC rules apply 2+ years incorporation plus SOME credit should get you in