@kohlspowrshopper Thank you so much for your thoughtful and very extensive reply!

Considering that when i open a new credit card, they generally start me in the $7000 to $8000 range (sometimes higher) it was rather insulting to get such a tiny limit (like as if i was just starting out with credit)…Even Citibank, which is not known for starting you out with high limits recently gave me $5000 to start and when i applied for an increase right after getting the card to $12000 they gave me a $10,000 line and said to wait 6 months and then i could ask for more…

However, based on what you reported, it doesn’t sound like HSBC would be as accommodating…

I was really going to just use it as a back up card to my Citi Double Cash, but did want a decent line on it…I also have an Ally Bank Cashback Card with a $7500 line…i figure if HSBC would give me a decent line, i’d close that…looks like it will probably be the reverse (close HSBC and keep the Ally card as the back up)…

I will try calling them after the card is activated (just called them and they said i’d need to have the card and activate it first before checking about an increase) but i am not optimistic at this point…

I applied for an HSBC Cash Rewards Credit Card…I did get an instant approval but the line approved was a really tiny one ($1,600) I have an excellent credit history, a Fico Score of about 780 and usually when i apply for a new card, the initial line is generally around $7500 to $8000 (sometimes even more)…So, this was kind of “insulting” (lol)…

I was wondering, if there is anyone out there with experience with HSBC Credit Cards…are the always like that with the initial line? Would it do any good to call when i receive the card and talk to an actual person about getting it increased? Unless i could get about $7500 at least for the initial line, i would probably want to close the account…

Also, how is is it as far as registering and using their online system to check on your credit card activity? And how is their Customer Service?

All thoughts…suggestions…appreciated!

@jtownsucks46 said in Best Nationally Available High APY Liquid Accounts:

Mutual One Online Savings up to 1.71%

Capped at $250,000 over that amount, the rate is 0.25% which is a shame because they have unlimited deposit insurance coverage (fdic plus private insurance) only available to mass. banks like they are…

Here’s a big surprise (a good one)…remember i mentioned that i figured it couldn’t hurt to try for a credit line increase at this time (even though the account is new) since the initial line was granted by a computer of course and this request would actually be evaluated by a real person lol)…I have a very good credit history and an excellent fico score as well…

Just got the e-mail response to my request (I had asked for an increase to $12,000)…
It said: unfortunately although we could not grant your full requested amount, we have increased you limit to: $10,000 which is the maximum amount we can grant at this time…

I’ll take it!
Glad i decided to go with the Citicard (instead of the Paypal)…

After a few months i might try for $12,000 (or $15,000 tops) after i show a history of doing a lot of purchases and paying the bills on time…

I closed my Paypal Mastercard…they actually make it easy to do so (on the Synchrony Bank link)…I’ll be using the Citi Double Cash as my main card and have my Bank of America Cash Rewards as my back up…Just so many more advantages of the Citi Card that it just seems to make more sense…

Only thing with Citi is i have a feeling it will take quite some time to get it up to the Credit Line i want…Actually, $12,000 would be fine but even to get there will probably be a long haul…LOL

Very Cool!
Just one MORE reason to go with the Citicard instead of the Paypal…

Both Paypal and Citi cards rolled in today…On my USPS informed mail i did see a separate letter from Synchrony Bank which probably had the benefit brochure but apparently got “lost” in route to my mailbox…

I activated both cards…Since they were activated, i was able to directly call mastercard and with activated account number in hand, they were able to read me the list of specific benefits of the Paypal Cashback Mastercard…It DOES NOT have Purchase Protection (90 day Stolen/Damaged) or travel benefits like when you rent car (collision damage waiver) travel insurance, trip interruption protection, etc…

All it really has is warranty manager (extra year of warranty coverage) Price Protection (if you see a lower price) and Refund Coverage if the merchant won’t give you one…That’s it…

The Citicard blows the benefits away over the Paypal Card since it has them all…Also, the Paypal is just a platinum card and the Citicard is a World Elite…(not to mention double extended warranty and price rewind and ALL the mastercard benefits)

I’ve decide already in favor of the Citi Double Cash! I’ll sock drawer the Paypal for the month and then close…I’ll be using the Citi card for my main card and my Bank of America Cash Rewards as my back up card (always like to have two cards)…

Unfortunately, don’t see much point in keeping the Paypal Card… I’ll have to work on getting Citi to get my Credit line up to the $12,000-$15,000 range…I guess that will take some time, but when you combine the mastercard features, 2% cashback and the nice online set up at Citibank.com, i think it’s the right “pick”

Still no Paypal card today…looks like that (and the Citi card) will come in next week…
I will report on the benefits of the Paypal card once i get the brochure which should come with the card…

@fivetalents Just curious (if you don’t mind telling) what is your Credit Line with Citi for the Double Cash card?

Maybe they are going to get better now about giving more reasonable credit line increases? Also sounds like they might start doing automatic increases…

Paypal Card didn’t arrive today…hopefully, tomorrow or monday the latest…I get USPS informed mail so i always know what is rolling into the mailbox each day before it even arrives (lol)…

Citi Double Cash will more likely arrive next week…I have a feeling that ultimately i will probably end up going with the Citi rather than the Paypal…because of all the features included…just wish they were better about those credit lines…

Two additional advantages on the citi credit cards are: price rewind where they search for a lower price and refund the difference within 60 days and also the Warranty Protection adds 2 years instead of one…nice features to have! But i would be pretty satisfied if the Paypal card had all the standard features…

Yeah, i had a feeling Citi was probably as stingy with the CLI’s as they are with the initial line

But if i could get it up to $12,000 to 15,000 it wouldn’t be too bad…
I guess i will need to work with both cards to make the ultimate decision on which one will stay and which one will go…I should have worked with the Pay Pal card first before applying for the citi, but i kind of jumped on it and sorry i didn’t have more patience…

Will report on the Paypal benefits as soon as the card arrives…can’t wait to find out