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HSBC Madness!

February 13th, 2013 at 10:13 pm

Ugh! Somehow I had forgotten that my stupid HSBC card has an ANNUAL FEE. UGH! And its $79.00!!!!! How am I ever going to pay this card off? Soo....its not a great plan, but I have tweaked my budget (which is very tight right now!) so I could come up with the $79.00 by the time it posts to my account in March. So I won't be ahead, but at least I won't be further in the red. Jeez!

3 Responses to “HSBC Madness!”

  1. ceejay74 Says:
    1360794669

    It is worth it to call them and say that you're going to close your account (and just plan to pay it off) because of the annual fee. I believe this is how it works, but see what others here say. They might waive this year's fee. Then do it again next year if you haven't gotten rid of the card before then. Smile
    Here's a discussion I found about it: http://ficoforums.myfico.com/t5/Credit-Cards/If-I-close-a-card-with-a-balance-before-the-anual-fee-is-due-do/td-p/988932

  2. creditcardfree Says:
    1360794973

    I agree...try to get it waived or reduced. How quickly can you get rid of this card? Which card is this from your side bar? You definitely don't want to pay this again next year.

  3. Looking Forward Says:
    1360802075

    I'd call ask for them to waive the fee and if not then ask to close the account. I believe you can close a card even with a balance owing. You still have to pay the balance, but the card is closed so you can't charge on it anymore.

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