HSBCHSBC (Orchard Bank) Outrageous APR Salinas California

No one NEEDS a credit card. If you are using a credit card for normal every day things, then you are in serious financial trouble. If you are using it to eat out, buy electronics, etc., again, you do not NEED those things. I am not saying your credit score is not important. I am saying, though, that you can learn to live without a credit card. The OP lived without this one before he got it. How did he manage then??? You do. People do. It sucks to do without, but that is the smart choice.

First of all, I would like to say to Julie that if you are able to pay cash for everything, you are very fortunate.
However, you can have a situation like my Dad...He always paid cash and then when he needed a loan for a new car he had a problem because he had no credit established.
There are both pros and cons to every story.
Secondly to the writer, I agree about the outrageous rates we are being charged for these credit cards. As people with not so perfect credit, and hoping to repair their credit, this bank knows that they are our only alternative if we want to get a credit card and they use that fact against us.
The percentage rates are going down, but the rate on our cards doesn't reflect this.
Personally I think that without intervention from the federal gov't and some bills passed putting restrictions on places like Orchard Bank, we are never going to see an end to this ripoff practice practiced by them.

Just a thought here.... Pay cash. Then you won't have this problem. You might think you need credit cards/loans, but you can live without them.