Loosing faith in HSBC :(

[Deleted User]

gc747 said:

I have banked with HSBC from being 18, very proudly went with my dad (who had been a long customer of HSBC) to open my account. 

Now I’m a bit older I’m starting to take a bit more interest in money matters and it occurred to me that HSBC are possibly the only bank not offering any rewards for being a customer of theirs.
I only have a normal current account with them, my parents have the advance account and from reading the terms and conditions there is nothing ( accept a minimum monthly pay in) between the advance and current account! Except getting an “I’m am incredibly richer than yoau !” Red and black Advance card! 

Why are HSBC not offering any rewards for existing customers? Why were such a major world wide bank so reliable on visa offers (which has now ended)  rather than using their own funds? I use HSBC as my main bank account but do have nationwide flex plus and virgin account.. is it time to ditch HSBC completely? 

• HSBC Advance is aimed at those with their main current account relationship not that those are rich..
• NW FlexPlus has extras because you pay for them.
• Virgin because they are trying to build a customer base.

gc747

Deleted User said:

gc747 said:

I have banked with HSBC from being 18, very proudly went with my dad (who had been a long customer of HSBC) to open my account. 

Now I’m a bit older I’m starting to take a bit more interest in money matters and it occurred to me that HSBC are possibly the only bank not offering any rewards for being a customer of theirs.
I only have a normal current account with them, my parents have the advance account and from reading the terms and conditions there is nothing ( accept a minimum monthly pay in) between the advance and current account! Except getting an “I’m am incredibly richer than yoau !” Red and black Advance card! 

Why are HSBC not offering any rewards for existing customers? Why were such a major world wide bank so reliable on visa offers (which has now ended)  rather than using their own funds? I use HSBC as my main bank account but do have nationwide flex plus and virgin account.. is it time to ditch HSBC completely? 

• HSBC Advance is aimed at those with their main current account relationship not that those are rich..
• NW FlexPlus has extras because you pay for them.
• Virgin because they are trying to build a customer base.

I was being a bit tongue in cheek about the “I’m incredibly richer than Yaou” bit. 

What I was trying to get at is Lloyds a major bank over I believe a years magazine subscription for paying in so much a month ( like hsbc advance) and also cash back on certain shops the co op is one of the main ones I think. 

Surely Lloyds aren’t that desperate for customers. So why is the only benefit of having your main current account with hsbc a different coloured card? 

Thanks for everyone’s replies been great to read through them 

gt94sss2

colsten said:

gt94sss2 said:

HSBC also offer self select ISAs, if you want to control what you purchase/sell.

That's the most common form of S&S ISAs. But at HSBC, you are limited to the funds they pre-selected, and I don't think they offer ETFs.

HSBC have a somewhat confusing set of  products - they also offer HSBC InvestDirect account which is a traditional share dealing account including in a Self Select ISA https://www.hsbc.co.uk/investments/products-and-services/invest-direct/ 

[Deleted User]

gc747 said:

Deleted User said:

gc747 said:

I have banked with HSBC from being 18, very proudly went with my dad (who had been a long customer of HSBC) to open my account. 

Now I’m a bit older I’m starting to take a bit more interest in money matters and it occurred to me that HSBC are possibly the only bank not offering any rewards for being a customer of theirs.
I only have a normal current account with them, my parents have the advance account and from reading the terms and conditions there is nothing ( accept a minimum monthly pay in) between the advance and current account! Except getting an “I’m am incredibly richer than yoau !” Red and black Advance card! 

Why are HSBC not offering any rewards for existing customers? Why were such a major world wide bank so reliable on visa offers (which has now ended)  rather than using their own funds? I use HSBC as my main bank account but do have nationwide flex plus and virgin account.. is it time to ditch HSBC completely? 

• HSBC Advance is aimed at those with their main current account relationship not that those are rich..
• NW FlexPlus has extras because you pay for them.
• Virgin because they are trying to build a customer base.

I was being a bit tongue in cheek about the “I’m incredibly richer than Yaou” bit. 

What I was trying to get at is Lloyds a major bank over I believe a years magazine subscription for paying in so much a month ( like hsbc advance) and also cash back on certain shops the co op is one of the main ones I think. 

Surely Lloyds aren’t that desperate for customers. So why is the only benefit of having your main current account with hsbc a different coloured card? 

Thanks for everyone’s replies been great to read through them 

Lloyds account (Club) has a fee if you don't meet various requirements so not like for like.

HSBC Advance has given regular savers and other occasional freebies over time.

[Deleted User]

gc747 said:

I was being a bit tongue in cheek about the “I’m incredibly richer than Yaou” bit. 

If you really want to look a bit rich, get a child & co card via RBS.



I have been with HSBC now for a few years, I have never had any issues with them, and although they are closing the local branch and I don't like the HK business, they are an OK bank from my perspective. Since as I young I always wanted an HSBC advance card, I thought if you could get one of those, at least you have made the average salary! 

ratechaser

[Deleted User] said:

gc747 said:

I was being a bit tongue in cheek about the “I’m incredibly richer than Yaou” bit. 

If you really want to look a bit rich, get a child & co card via RBS.



I have been with HSBC now for a few years, I have never had any issues with them, and although they are closing the local branch and I don't like the HK business, they are an OK bank from my perspective. Since as I young I always wanted an HSBC advance card, I thought if you could get one of those, at least you have made the average salary! 

For heavens sake, at least get your Harry Enfield character correct 



Anyway, the Sberbank gold/n/diamond card (only available to Borat's compatriots sadly) trumps pretty much everything else in terms of pure bling factor...

Armorica

HSBC have a high market share - they don't need to provide ongoing perks/gimmicks - transparent/unbundled pricing is ok? The switch-in bonus seems to be enough.