Chip Lupo, Credit Card Writer
@CLoop
The HSBC credit score requirement is 750 for all cards, which means that people with excellent credit have high approval odds.
If your credit score is below the threshold needed for an HSBC credit card, it’s best to wait to apply until you meet the credit score requirement. You can check your credit score for free on WalletHub.
Credit Score Recommended by HSBC Card
- HSBC Premier World Credit Card: 750 (Excellent credit)
- HSBC Elite Credit Card: 750 (Excellent credit)
Note that while your credit score is very important, plenty of other things will impact your chances of being approved for an HSBC credit card. Some other key criteria include your income, existing debt load, recent credit inquiries, number of open accounts, housing status, and employment status.
Finally, keep in mind that lenders might use a different score when deciding whether to approve you for a financial product and approval is never guaranteed.
People also ask
What does credit score mean?
A numeric representation of your credit history and creditworthiness. Some people may refer to it as the FICO Score, which is the most popular type of score.
Nevertheless it is important to know that there are thousands of credit scores and a lot of lenders also build and use their own proprietary scores.
Our Thoughts:
The higher your score, the better your credit. Paying your debts on time can help your credit score skyrocket. It's...
read full answer by WalletHub, Financial CompanyHow do I know if I pre-qualify for an HSBC credit card?
HSBC sends pre-approved card offers to potential applicants via mail or e-mail, and existing customers may receive pre-approval for a new card through their online account. To respond to an HSBC pre-approved offer, visit the website listed in your offer and enter the enclosed invitation code. This allows HSBC to flag the application as pre-approved.
HSBC pre-approval doesn’t guarantee that you’ll be approved for a card, but it does indicate that your chances of...
read full answer by Chip Lupo, Credit Card WriterDo HSBC credit cards report to credit bureaus?
Yes, HSBC credit cards report to the credit bureaus every month, typically within days after each cardholder’s billing period closes. HSBC reports things like your credit card’s credit limit, account balance, and payment history to two of the major credit bureaus: Experian and Equifax.
Once HSBC reports your account information to a credit bureau, it may take a few days from when the bureau receives the info before the updates appear on your credit...
read full answer by Angela Craig, MemberDid we answer your question?
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