HSBC Credit Cards Complaint - HSBC closing my account
CALIFORNIA -- I have had a HSBC Credit Card for approximately 7 months now. The card was sent to me as part of an online credit application for BestBuy. The card offered a $250 credit limit of which I used the card only one time (7/06), a purchase of $85 +-. I actually paid $1.00 over the balance as soon as the charge posted to my account. After running a credit balance for 6 months +/- I noticed that my credit limit was reduced to $5.00. I contacted HSBC and they stated that it had been reduced and was in the process of being closed due to inactivity. I have never heard of this in all of my life. So, in closing, if you have an HSBC credit card you had better use it so that they can make money off of you or they will take it away from you. Talk about greed and lack of customer loyalty. PS: It took them 6 +- months to send me a $1.00 refund check. CONSUMER BEWARE!