HDBC Advance - gutted

Bart68

Didn’t really need to have another current account, however intended to use to hold holiday money. Applied for the HSBC Advance (to get the £125 bonus), was declined and now have a hard credit search on my record. Not sure why it was declined as I earn a reasonable amount and have a good credit rating - bit racked off now tbh.

Fletchy

I had the same problem. Pension income, never any credit problems, plenty savings etc but NOT ELIGIBLE and not told why!

WillPS

Bart68 said:

Didn’t really need to have another current account, however intended to use to hold holiday money. Applied for the HSBC Advance (to get the £125 bonus), was declined and now have a hard credit search on my record. Not sure why it was declined as I earn a reasonable amount and have a good credit rating - bit racked off now tbh.

The credit score you see is not seen by lenders and the score HSBC use (if that's how they assess credit worthiness) clearly isn't good enough.

Nobody has a right to services from any particular company. HSBC UK have a reputation for being relatively selective (for a high street bank). I'm sure someone else will offer you an account for your holiday money.

grumbler

Don't take this personally. HSBC is notorious for being choosy and rejecting people left right and centre. Presumably if their income isn't high enough.

For travel there are many other debit, credit and prepaid cards.

Fletchy

Although they said I wasn't eligible for the Advance account they said I could open another account with them and gave me the link. I didn't go for it. 

Volcane

Same here many months ago. I went with their alternative current account that they offered and then switched it away a few months later… I figured as I’d used up a credit search I may as well get something out of it.

something_girl

Same, just now  

FFHillbilly

the criteria for to get the offer seems to have gone back a year, in March their offer said you can't have held an account since 2019, now it's 2018. generally they go in the other direction

Stargunner

Earlier this year I received switching incentives from both Halifax snd Lloyds, even though their switching t&c’s stated you can only qualify for one.  

I opened a First Direct account almost a year ago, so i just wondered if anyone knows whether HSBC would also likely pay the incentive.

tomedinburgh

I was rejected too. I've never even switched an account before and actually thought I might make good use of this one. 

PloughmansLunch

Stargunner said:

Earlier this year I received switching incentives from both Halifax snd Lloyds, even though their switching t&c’s stated you can only qualify for one.  

I opened a First Direct account almost a year ago, so i just wondered if anyone knows whether HSBC would also likely pay the incentive.

Highly unlikely as HSBC seem to have long memories when it comes to customers, so you might want to avoid an unnecessary hard search as they seem to give them if you so much as ask them the time. I’ve had five from them this year alone just from upgrading existing products.