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HH in Massachusetts said: “I had a hsbc credit card for several years, never late,never over limit(not even close)always paid more than minimum, had my limit reduced from $2,500 to $600, card balance is $560, called to ask why. HSBC just said re-evaluation on all customers accounts, so I asked them to cancel the card. They said they could but my interest rate would go up, so just transfered my balance (much lower rate) will wait until 0 shows up online then cancel, but now my credit score has dropped due to this decrease. GOOD BUY HSBC.”
This article, If you cancel your HSBC card the rate increases, is just one of our articles from Bank Horror Stories, HSBC Secrets
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