American Express Card From HSBC

[khryc]

Does anyone have a link to apply for this card, or is it by invitation only?

[psp]

Run, run like the wind!!

[AMJ21]

HSBC is a subprime issuer. If you want a cobranded Amex card evaluate Citi and/or BOA.

[TherapyPhD]

Interesting that when you read the press release HSBC indicates they would start issuing the card mid-late 2006. However, on their US site there is no mention.

 

I searched and searched again, and it appears they only offer this card (as of now) in Australia (NZ):

 

hsbc dot com.au/1/2/personal/credit-cards/amex

 

I wonder what's the hold up for the us?

[TrevorHere]

HSBC is a subprime issuer.

 

Not all of their cards are subprime...

[hegemony]

HSBC is a subprime issuer.

 

Not all of their cards are subprime...

and some offer 2% cashback on all pruchases ($400 cap per year)

[khryc]

bump

[TherapyPhD]

*b

[trueslapshot]

Mine was an Invite to apply, so I gave it a try, and was approved. I don’t know for how much yet?

0 annual fee

14.99 apr

[althes]

congrats

[sarg]

HSBC is a subprime issuer.

 

Not all of their cards are subprime...

and some offer 2% cashback on all purchases ($400 cap per year)

Their GM card is NOT subprime

[CactusWill]

Their GM card is NOT subprime

 

Oh but mine was, very much so

[centex]

HSBC is a subprime issuer. If you want a cobranded Amex card evaluate Citi and/or BOA.

 

No, HSBC has some sub-prime offerings. They also have some products that have terms that are very competitive with other offerings commonly referred to as 'prime.'

[chriswufgator]

My only problem with HSBC is that you will never be judged by your internal history with their automated underwriting system. Every new app. will always be a fresh pull, and your new CL and terms will always be set by what's on the report regardless of whether you've done all your banking, borrowing, etc. with them for ages and have sterling history. And, once you get stuck with that Orchard card or whatever, they won't upgrade or graduate it, ever.

 

Personally, I'd go with Nat'l City, a credit union, BOA, Citi, etc. They all have starter products as well as prime, but you will reach a point with them where your internal history will become the deciding factor as opposed to HAL2000.

[TherapyPhD]

Did you find the Amex card through the "link" you provided in your siggy? I tried and it did not offer the Amex by HSBC

Amex has been lending its name to alot of cards its very strnage what is happening in that realm. Anyways try searching the credit card database down below in my signature

[TrevorHere]

HSBC is a subprime issuer.

 

Not all of their cards are subprime...

and some offer 2% cashback on all purchases ($400 cap per year)

Their GM card is NOT subprime

 

My SAKS MC is not subprime

[db23]

Anyone know what the actual name is that HSBC calls this card?

[TherapyPhD]

What is the deal with this card...I want it more than ever since there is so much secrecy around how to apply, who can apply, etc...

 

Where are our credit gurus ...squirrelgirl...you know everything..what's the scoop on this card?

Anyone know what the actual name is that HSBC calls this card?

[db23]

I think SG's standards are too high for HSBC

[ATexan]

HSBC Amex is under Account Central along with the Discover product, but their

is nothing but a phone number that is identified only for the amex account holders.

 

It is by invitation only....

[TherapyPhD]

I know that girls got it together I just thought since she most likely knew the answer, she (or some of the others that are higher up on the credit ladder ) would eliminate this HSBC Amex question that keeps resurfacing

I think SG's standards are too high for HSBC

[db23]

HSBC Amex is under Account Central along with the Discover product, but their

is nothing but a phone number that is identified only for the amex account holders.

 

It is by invitation only....

There must be some method to their madness for these invitations. It's not like HSBC is a top tier CCC.

 

I guess you are saying Account Central is another name for Direct Merchant since that's who the Discover is through...

Edited September 5, 2007 by db23

[ATexan]

I would have the card - I keep looking in the mail for my invitation!

 

I have nothing bad to say about HSBC -

[ATexan]

That is where they parked the Amex. The only identity to Direct Merchant is on card

I have the Direct Rewards version and it says HSBC card Services for payment.

 

ATXN

[willgator]

it's a direct mail offer and has been for over 3 months to select subprime customers according to the outside of the envelope ..

 

one offer gives a cl up to 2500$ the other offer is for a cl of up to 5,000 $

 

 

 

hsbc saks world card is far from subprime believe me and trev on this one ...........