HSBC Card Services Complaint - Ripoff and Scam
CAROL STREAM, ILLINOIS -- I want to report, what I feel is unfair and illegal(it is illegal for credit card companies to hold your payments. They are to post them the day they get them), practices by HSBC CARD SERVICES! I transferred a balance to them. And got 0% for 6 months. UNLESS I default!! (ex. late payment etc.)! I sent them a payment through the snail mail (yes, snail mail, computer was down for repair!) So I made DOUBLE~TRIPLE SURE I made the payment EARLY!! 16 days early!!! SIXTEEN DAYS!! Payment was due on the 26th of Sept. I mailed it off (AT THE POST OFFICE) Sept 10th!!! I know it's slow but not that slow. NO WAY!! It gets better!! They charged me with a late fee on the 26TH!!! YES ON THE 26TH THE DAY IT WAS DUE! THIS I CAN PROVE WITHOUT A SHADOW OF DOUBT!! HOW CAN YOU CHARGE SOMEONE ON BEING LATE BEFORE THEY ARE LATE!!! Then THEY posted my payment on the 27th!!!! Now, this kills my 0% for the 6 months. And they want to RAISE my APR!!! Come on!!!
I SEE IT AS A SCAM, to get you to fall for the "OLD 0% for 6 months." Then when you transfer, they got you!!! This IS HSBC CARD SERVICES!! BEWARE BEWARE!!! DO NOT DO BUSINESS WITH THEM!!!