- Report: #721605
Report - Rebuttal - Arbitrate
Complaint Review: HSBC GM Credit Card
HSBC GM Credit CardInternet United States of America
HSBC GM Credit Card Raised interest rate to 30% for no reason Carol Stream, Illinois Internet
*General Comment: I Get What You're Saying
*Consumer Comment: Don't pay late
*Consumer Comment: It's clearly stated in the Terms
*Consumer Comment: No reason?
*Consumer Comment: Just because
Does one late payment wipe out years of on-time payments? The bank does not care one bit about their customers. This is happening to many people. If you call to complain, all they will say is they have no lower interest rate available now, but call back in few months and ask again. Don't waste your time.
Do this if they raise your interest rates. Transfer your debt load to another card, and just use their card month to month. In other words pay it off every month. Make it cost them money to keep you as a customer. Ever since HSBC bank took over the GM card, it has gone down hill. Now it's useless. What good is a 30% card? I can't understand their tactics. Pissing off long time customers is not good business.
If you get an offer in the mail, just tear it up. Their are many cards that have better terms then the GM card.
This report was posted on Ripoff Report on 04/24/2011 10:10 PM and is a permanent record located here: http://www.ripoffreport.com/r/HSBC-GM-Credit-Card/internet/HSBC-GM-Credit-Card-Raised-interest-rate-to-30-for-no-reason-Carol-Stream-Illinois-Inte-721605. 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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