HSBC Bank - MasterCard Reviews

The HSBC MasterCard is not what I would call a great credit card.  For one thing, they charge a ten dollar fee to swipe at the automatic teller machine and get a cash advance.  For another thing, they charge you twenty-five percent fixed annual percentage rate.  I have had the card for two years now.  I have never missed a payment or been late on a payment.  For my efforts they have not reduced my annual percentage rate or increased my credit limit.  What are these guys thinking?  The overlimit fee is thirty-nine dollars.  There is one thing I absolutely do not understand.  Say your credit...

Whatever you do when you see an offer for a HSBC Platinum Master Card, run, do not walk away. The usual credit card complaints apply - ridiculous interest rate hikes, enigmatic fees, random charges to the account etc.

But the kicker is the Account Seccure "option". Though "optional" it sounds like a good idea, especially during these times, to take advantage of a safety net when offered. Amongst other features this service offers payment protection in case of involuntary unemployment. The problem with this particular feature is two-fold.

Once you file a benefit claim not only does HSBC raise...

HSBC uses unfair practices in how they charge late and over the limit fees. They take longer than others to give credit for payments. I have sometimes paid online on the day due but then charged a late fee because of the delay in giving me the credit. What makes it even worse is that the credit was given before the actual closing date. I think it is really unfair to charge a late fee it the payment is made before closing even if it is not right on the due date. If I make a payment to capital one by 3pm I get credit for it that day and any charges are taken after the credit is given even if they...

will keep increasing the credit line, but no matter how well you do or how much you build up your score wont lower rate will make you apply for a different card. ( guess what the new applications lower your score)