My HSBC card is now a Capone card. This means I had three cards with them. I recently closed the oldest with them. After 2 years of having the card and being bumped 1 time from 300 to 500 and nothing more I have given up the worst card with them. While the score does drop from closing the account, I saw this happen, it was small and it will still report to credit bureaus. So no problem. I have another card with another company with a longer history still open and I have a card with a $2,500 limit with another. I have a gas card that seems to like to raise the limit nicely. The new card with the higher limit will raise my score.
I could find no method which obtained me a CLI. I used the account for 3 times the credit limit a few times. I stopped using the card. I used the card for small purchases. I begged, demanded, pleaded, used logical conversations, nothing seemed to work. The one thing I never did was carry a balance, well somehow I did pay them $1.38, it must have been an oversight or day late payment. (I never miss a payment date, but maybe I paid a second, third, or fourth payment that month a day late.)
I now have two cards with them after I even closed the longest account. I haven't seen a CLI happen on one card in since the first one at the 5th month and that was over a year ago. The other one, from HSBC, is not yet a year old, but they wait until the first year to determine a CLI in most cases. This is the best of the cards, as it has rewards and no annual fee.
Be strategic and get away from them. That is what I did. When you get one of their cards with no annual fee, keep it. Why close it, it has no annual fee. Use it if it has rewards for whatever you can get out of them. Transfer you balances from other accounts and then pay them off the day they post. (I actually pay them sometimes days before they post hoping the system will notice what the leaders can't) It doesn't cost anything to transfer the payment. Being that it is free, I abuse it, not because I have to, just because they won't give me a better limit. It is rather funny what I do to try and prove the point to them.
Since I can keep the balance at zero at all times if I desire I simply use wise money management and keep the money as long as I can.
In fact I think I will transfer my small gas card balance right now to them and pay it. :shoot: They need to have at least 3 classifications of clients, not 2.