Sep 15, 2010 05:06 PM
5185 Views
I converted my HSBC gold card to platinum card when it was introduced. I had to wait for 6 months before I got the card as I had to call many times and give the application couple of times before I finally got the card.
After couple of months, HSBC reduced the credit limit to a quarter of the credit limit that was present on the previous gold card without any reason.
Even though I carry another gold card with HSBC which has 4 times the credit limit of the platinum card, they refuse to revert back to the original credit limit.
It appears they want to discourage platinum card usage.
Further their policy on last payment date is very unfriendly unlike other credit cards. They charge the fines if the money is not credited within the last date mentioned. other credit cards give a additional time of few days after the due date for the check to get cleared.
