• Report: #227623

Complaint Review: HSBC Card Services

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  • Submitted: Thu, December 28, 2006
  • Updated: Thu, February 01, 2007

  • Reported By:Leonia New Jersey
HSBC Card Services
hsbcaccept.com/cashback Nationwide U.S.A.

HSBC Card Services - HSBC Credit Card Services ripoff beaware of Balance Transfer Fees Navada Bank HSBC Bank Navada Nationwide

*Author of original report: Follow-up with HSBC

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I received a Credit Card solicitation offer in the mail from HSBC Card Services. I called and was given a credit line which the representative worked with me to apply to my other credit cards with out-standing balances. I made the transfers. The man said that the balance trasfers could take as much as 3-4 weeks. It took 2 1/2 weeks. I called to find out what was going on and to my surprise found that I was already over the credit card limit. I owed $71. I called their 866 number and was told that there were Transfer Fees (3% to a max of $99 per transfer). My original rep did not disclose this to me.

Before, I had just applied for another Credit Card with Chase Bank and made a similar transfer with NO fees. I would recommend them.

In the fine print, the HSBC manager pointed out that a "cash transfer" has associated fees. A balance transfer to pay another credit card is considered a "cash transfer". This is un-fair and in my opinion not properly disclosed on the HSBC Credit card solicitation offer I received.

Cyril
Leonia, New Jersey
U.S.A.

This report was posted on Ripoff Report on 12/28/2006 02:59 PM and is a permanent record located here: http://www.ripoffreport.com/r/HSBC-Card-Services/nationwide/HSBC-Card-Services-HSBC-Credit-Card-Services-ripoff-beaware-of-Balance-Transfer-Fees-Nav-227623. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
0Author 1Consumer 0Employee/Owner
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#1 Author of original report

Follow-up with HSBC

AUTHOR: Cyril - (U.S.A.)

Other than Transfer Fees, HSBC has performed above expectation. I would recommend them as a Credit Card company.
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