• Report: #421190

Complaint Review: Orchard Bank - HSBC

  • Submitted: Fri, February 06, 2009
  • Updated: Fri, February 06, 2009

  • Reported By:Huntington Beach California
Orchard Bank - HSBC
www.orchardbank.com Salinas, California U.S.A.
  • Phone: 503-293-4037
  • Web:
  • Category: Banks

Orchard Bank - HSBC Rediculous increase in interest rate without warning! Salinas California

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As written at the top of my statement for my [HSBC] Orchard Bank credit card, I am a "valued cardmember since 2006". Apparently my value is disproportional to my interest rate, which has jumped from 14.90% to 29.49%. I called and spoke with their customer service center (located in India, as verified by the rep I spoke with) and I was informed that all Orchard Bank patrons rates have increase to this amount. I have since shredded my card and closed my account. I urge others to do the same and don't let friends or family subscribe to their services. With the current economic state of our nation, for a company to be outsourcing jobs and raising the rates of cardholders stateside to preposterous rates is both unethical and unsound. I am voting with my feet...

Huntington Beach, California

This report was posted on Ripoff Report on 02/06/2009 05:47 PM and is a permanent record located here: http://www.ripoffreport.com/reports/orchard-bank-hsbc/salinas-california-93912/orchard-bank-hsbc-rediculous-increase-in-interest-rate-without-warning-salinas-californ-421190. 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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