HSBC's New £120 Switch Offer

FIRSTTIMER

I am already with FD...will defo do the ISA for the 120 but the regular I can do at fd or hsbc...just need clarification on the second credit check for the credit card?!

Old_Bill

dj1471 wrote: »

Will also apply for the credit card for the £25 (rumour has it they don't credit check you again, so why not?).

Anyone know if this rumour has foundation? Would tip the balance for me applying.

Yorkshire_Pud

Old_Bill wrote: »

Anyone know if this rumour has foundation? Would tip the balance for me applying.

They did credit check me again when I applied for the CC in branch two days after they credit checked me for the Advance application.
Seemed standard procedure.

johnk

FIRSTTIMER wrote: »

I am already with FD...will defo do the ISA for the 120 but the regular I can do at fd or hsbc..

I'm in the same boat. But I'm thinking just paying 300 lump sum as twelve months of 10 would take you to next financial year and confine your next isa to hsbc.

gentlewoman

Old_Bill wrote: »

Anyone know if this rumour has foundation? Would tip the balance for me applying.

I applied for the HSBC Advance account in branch and the advisor told me that - if I applied at the same time for their credit card - they wouldn't run a 2nd credit check. Not sure what happens if you apply for the CC a couple of days after opening the Advance acct though.

I was approved for the HSBC Advance account, then went through the switch process; I switched my secondary bank account and a cash ISA from First Direct to HSBC. I didn't apply for the HSBC credit card though, I have enough credit cards. :cool:

colsten

gentlewoman wrote: »

I applied for the HSBC Advance account in branch and the advisor told me that - if I applied at the same time for their credit card - they wouldn't run a 2nd credit check.

this makes complete sense as they would just get the same information again on the 2nd check.

gentlewoman wrote: »

Not sure what happens if you apply for the CC a couple of days after opening the Advance acct though.

It's pretty safe to assume that a full credit check would be carried out for a later application for the CC.

In many cases, the number of credit checks won't make much of a difference to anything. Credit checks are only of potential relevance if you are planning to make further credit applications in the next 6 or so months.

FIRSTTIMER

Cool...I will end up with just a HSBC Advance and FD Current by Sept probably - the isa situ is correct I would be trapped into HSBC next year....but I'll just transfer eventually....0nly concern is I want one of those regular first time buyer isa's where you get 3k of the government

YorkshireBoy

johnk wrote: »

I'm in the same boat. But I'm thinking just paying 300 lump sum as twelve months of 10 would take you to next financial year and confine your next isa to hsbc.

Not sure I follow? It's 12 months of £25 a month isn't it? Whether you put in a lump sum of £300 or deposit £25 each month they still only pay you £10 a month.

FIRSTTIMER

12 months of £10 = hsbc isa offer = £120 paid to me

Biggles

FIRSTTIMER wrote: »

12 months of £10 = hsbc isa offer = £120 paid to me

Quite. But they'll pay that for 12 months whether you pay £300 upfront or £25pm, so I don't get johnk's point either.