HSBC reports to the credit bureaus monthly, within days after the end of a cardholder’s monthly billing period. HSBC reports a credit card’s credit limit, account balance, payment history, and more to two of the major credit bureaus: Experian and Equifax. HSBC also reports to Innovis. HSBC may use a certain credit bureau more than another, though, depending on the applicant’s home state and other factors.
Once HSBC reports your account information to the credit bureaus, it may take a few days before the updates appear on your credit report. New HSBC cardholders may not see any new credit account info on their credit report for one or two billing periods after first getting a card.
Lenders are required by the Fair Credit Reporting Act to report accurate account information to the various credit reporting agencies every month. This information is typically transmitted on your billing cycle date. That’s why scores can literally change daily.
On that note, WalletHub is the first and only website to offer free credit scores and full credit reports that are updated on a daily basis: … read full answer/free-credit-score.
No, there aren’t any HSBC credit cards for bad credit at the moment. All HSBC credit cards require excellent credit for approval. This means you need a credit score of at least 750 to get approved for a HSBC credit card.
If you’re considering a HSBC card but don’t meet the minimum credit requirements, you can request to be added to another person’s credit card as an … read full answerauthorized user. Another option is to apply for a card from another issuer with less stringent requirements.
Here are some of the best credit cards for bad credit:
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