• Report: #468828

Complaint Review: HSBC Credit Card - HSBC Card Services

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  • Submitted: Sun, July 12, 2009
  • Updated: Mon, July 13, 2009

  • Reported By:West End North Carolina
HSBC Credit Card - HSBC Card Services
PO Box 5222, Carol Stream, Illinois U.S.A.

HSBC Credit Card - HSBC Card Services 59.00 Annual Fee Assessed!!!!! Ridiculous!! Pres Obama does not support this high fee! Carol Stream Illinois And City Of Industry California

*Consumer Comment: Annual fees

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We are trying to get our credit card paid off by paying monthly. This month HSBC charged 59.00 for annual fee assessed!!! This caused the balance go back up and harder to get it paid off. The economy is so bad, what is HSBC thinking? Pres Obama did warned credit card companies not to do that.

Scott and Vicki
West End, North Carolina
U.S.A.

This report was posted on Ripoff Report on 07/12/2009 01:34 PM and is a permanent record located here: http://www.ripoffreport.com/r/HSBC-Credit-Card-HSBC-Card-Services/Carol-Stream-Illinois-60197-5222/HSBC-Credit-Card-HSBC-Card-Services-5900-Annual-Fee-Assessed-Ridiculous-Pres-Oba-468828. 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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#1 Consumer Comment

Annual fees

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

Many credit cards have annual fees. You need to look at your rate sheet for explanation. President Obama may or may not like these fees, but they are legal until congress decides to outlaw them.

Credit card companies are well within their rights to charge these fees, and they were disclosed to you when you opened the account. If you don't like the annual fee, you probably should have gotten a different credit card.
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