Does an HSBC card build a relationship with HSBC or CapOne?

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Z06Biker
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Does an HSBC card build a relationship with HSBC or CapOne?

Postby Z06Biker » Thu May 16, 2013 8:12 pm

Howdy doo,

So, I've had an HSBC Platinum Cash or Fly Mastercard for about 1 year now. During my ownership of the card, CapOne purchased HSBC's U.S. credit card business.

As an aside, it's interesting because while CapOne is known for their stingy lending practices, they've increased my limit since the handover...

Anyway, what I'm wondering is that since my only reason for holding onto this card was to build a relationship with HSBC, as I'll be traveling to Hong Kong and London quite a bit in the future for the film biz, now that CapOne owns HSBC's card business, is HSBC completely out of the picture and thus, my reason for owning the card rendered completely null?
AMEX: PRG Gold, Business Simply Cash, Business Costco, BCE.
Chase: United MileagePlus Club, Sapphire Preferred, Amazon Rewards
Barclaycard Arrival World Mastercard
HSBC Cash or Fly World Mastercard
USAA World Mastercard, USAA Platinum Mastercard
Wells Fargo Business Platinum
USC Credit Union Mastercard


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FastSRT8
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Postby FastSRT8 » Thu May 16, 2013 10:24 pm

Yeah, HSBC is a good bank but their recent pull from the US (and some markets worldwide) doesn't bode well for them. Id' say the card is alright... but within a few years, CapOne will rebrand it back to CapOne.

IF you are travelling to Asia and will do business there frequently, why not apply for a Hong Kong based card (if you have a friend there). The benefits for 'locals' are awesome and you get loads of discounts around Hong Kong
Carpe diem quam minimum credula postero!

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Z06Biker
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Postby Z06Biker » Fri May 17, 2013 10:14 pm

This is a good point. I'm not quite sure I get what you mean by applying for an HK-based card if I have a friend there? And, what sort of local discounts might you be referring to?

I lived in HK from '85 - '93 and would still legally be able to renew my citizenship there (and thus be dual -- HK and US), so perhaps it's in my best interest to do so, and get an HK-based card, which I assume is still issued under HSBC itself?
AMEX: PRG Gold, Business Simply Cash, Business Costco, BCE.
Chase: United MileagePlus Club, Sapphire Preferred, Amazon Rewards
Barclaycard Arrival World Mastercard
HSBC Cash or Fly World Mastercard
USAA World Mastercard, USAA Platinum Mastercard
Wells Fargo Business Platinum
USC Credit Union Mastercard

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FastSRT8
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Postby FastSRT8 » Sat May 18, 2013 2:34 am

Z06Biker,

Your best bet would be to apply for a card in HK and give them a local address. IF you have a bank account there that is active, that is even easier.

In essence, what you want to do is to open a credit card based solely in HK.

The local discounts I am referring to are local merchant deals which are sent only to HK based HSBC cards.

Z06Biker wrote:This is a good point. I'm not quite sure I get what you mean by applying for an HK-based card if I have a friend there? And, what sort of local discounts might you be referring to?

I lived in HK from '85 - '93 and would still legally be able to renew my citizenship there (and thus be dual -- HK and US), so perhaps it's in my best interest to do so, and get an HK-based card, which I assume is still issued under HSBC itself?
Carpe diem quam minimum credula postero!



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