15% yes 15% !!! Cash back card | Page 2 | Credit card reward programs | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
15% yes 15% !!! Cash back card
November 6, 2022
6:07 pm
AltaRed
BC Interior
Member
Members
Forum Posts: 2056
Member Since:
October 27, 2013
sp_UserOfflineSmall Offline

Nothing to do with racism. Everything to do about corporate values and how they, in this case, are reflected in corporate behaviour. Think about Goldman Sachs, Barclays and Deutsche Bank and the headlines they have made over the years and potential reasons why. That really is a matter for another thread though. I will now bow out of this thread.

November 6, 2022
6:29 pm
Bill
Member
Members
Forum Posts: 3347
Member Since:
September 11, 2013
sp_UserOfflineSmall Offline

HSBC has 3 entities listed on CDIC site, HSBC is allowed to operate as a bank, etc in Canada. Media headlines, Netflix "documentaries", etc, are all just propaganda, someone's (maybe even "sponsored" by competitors) particular agenda, it's fiction to me. HSBC's an entity legally allowed by our regulators to operate in Canada, end of story for me.

November 6, 2022
9:24 pm
christinad
Member
Members
Forum Posts: 299
Member Since:
October 15, 2015
sp_UserOfflineSmall Offline

Sorry to take it off track again, my advice to the op is look at what regular benefits and rewards the card offers. I wouldn't get a card just for the welcome bonus.

November 7, 2022
6:05 am
mordko
Member
Members
Forum Posts: 211
Member Since:
April 27, 2017
sp_UserOfflineSmall Offline

christinad said
Is HSBC leaving the banking market altogether? Then its to canadians detriment. They had some good mortgage specials to promote competition. I found this thread quite racist overall too. Just because someone involved in the company is chinese doesn't make it bad. Sorry off the rails again.  

We don’t know if HSBC will leave or not. The Chinese shareholder (with 8% holdings) wants HSBC to cut costs and focus on Asia. HSBC has been less profitable than counterparts. HSBC board has not agreed to it but did indicate potential sale of Canadian operations. Does not mean they would be allowed to sell because it would increase market power for the likes of RBC, which is already obscene.

The concern wrt Chinese government involvement is valid in principle. For example a number of Chinese companies have been traded on western exchanges under western regulatory regimes but the Beijing dictatorship used confiscatory measures and broke all the rules which hurt shareholders. But Xi can’t do it to HSBC because its not a Chinese company. He can try to use market power to make HSBC management do things he wants. But same goes for Tesla, Apple Canadian farmers, etc.

I have been with HSBC and predecessors since the early 90s. Quite happy with the service. Multinational aspect is really helpful; they offer certain features other banks don’t. And for certain purchases, including travel, I use their Prime Mastercard. Good insurance. No quibble compensation when we had an issue.

No permission to create posts

Please write your comments in the forum.