cedros Posted October 22, 2018 Report Share Posted October 22, 2018 Has anyone got a credit card from the HSBC in San Antonio Tlayacapan? If so how well does it work? I have an account there plus HSBC accounts and a HSBC credit card in Canada. I usually use the Canadian ones but sometimes I have trouble with my Canadian ATM & Credit Cards (glitches?). My HSBC account manager in Canada wants me to find a contact at HSBC in San Antonio so she can get them to make my Mexican account Premier and maybe get proper service to cover any problems I may have with my Canadian cards. For me when travelling there is nothing worse than not being able to access my money. Link to comment Share on other sites More sharing options...
cedros Posted November 22, 2018 Author Report Share Posted November 22, 2018 On 10/22/2018 at 3:22 PM, cedros said: Has anyone got a credit card from the HSBC in San Antonio Tlayacapan? If so how well does it work? I have an account there plus HSBC accounts and a HSBC credit card in Canada. I usually use the Canadian ones but sometimes I have trouble with my Canadian ATM & Credit Cards (glitches?). My HSBC account manager in Canada wants me to find a contact at HSBC in San Antonio so she can get them to make my Mexican account Premier and maybe get proper service to cover any problems I may have with my Canadian cards. For me when travelling there is nothing worse than not being able to access my money. So I tried to get a CC at HSBC in San Antonio. The manager said once you are past 69 years and 11 months you can't get one. I tried Bancomer and Scotia bank but got the same answer. I have a new CC from HSBC in Canada coming but it has been stuck at customs in Mexico City for 10 days. I would like a second one for security. Someone suggested I try to get a Visa at Costco in Guadalajara. Has anyone done that? I can't get one from a different Canadian bank unless I go apply in person. Link to comment Share on other sites More sharing options...
Fred Habacht Posted November 22, 2018 Report Share Posted November 22, 2018 We are over 70....but the age problem was waived by Mexican voter card Link to comment Share on other sites More sharing options...
cedros Posted November 22, 2018 Author Report Share Posted November 22, 2018 1 minute ago, barbara habacht said: We are over 70....but the age problem was waived by Mexican voter card How do you get a Mexican voter card? Link to comment Share on other sites More sharing options...
johanson Posted November 22, 2018 Report Share Posted November 22, 2018 First step, become a Mexican citizen Link to comment Share on other sites More sharing options...
bmh Posted November 23, 2018 Report Share Posted November 23, 2018 yes the 70 year old restriction is only for foreigners Link to comment Share on other sites More sharing options...
cedros Posted November 23, 2018 Author Report Share Posted November 23, 2018 33 minutes ago, johanson said: First step, become a Mexican citizen Pretty drastic Link to comment Share on other sites More sharing options...
Fred Habacht Posted November 23, 2018 Report Share Posted November 23, 2018 Drastic is one way of picturing it...difficult is another. We don't regret it it BUT would never, ever go through it again. Besides, it gets more difficult every year. Link to comment Share on other sites More sharing options...
Fred Habacht Posted November 23, 2018 Report Share Posted November 23, 2018 I got mine at 78 and my wife at 76. We prefer to use Capital One cards but wanted the Mexican cards to use where Cap One is not allowed as in some online deals. Fred Habacht Link to comment Share on other sites More sharing options...
bmh Posted November 23, 2018 Report Share Posted November 23, 2018 We were both turned down by many banks when we were between 68 and 70 and were called by banks after we were 70 and were told it was because we had changed our citizenship. Believe what you want Angus , that was what we were told by several banks.They are not going to mention citizenship because it is not legal for them to discriminate based on nationality. Age s ok...After being turned down by several banks before we were 70 we got a card when I turned 70 and my husband 74 and were told it was because we had become citizens by the bank. Link to comment Share on other sites More sharing options...
cedros Posted November 23, 2018 Author Report Share Posted November 23, 2018 Does anyone know if the Visa credit card that Costco issues has the same age limit (70) as the banks do? Link to comment Share on other sites More sharing options...
Fred Habacht Posted November 23, 2018 Report Share Posted November 23, 2018 Before citizenship, Costco turned us both down. Their card is offered and backed by a Mexican bank so the problem with age remains the same. If you go to Mega and are approached by an Amex person....your application will also be rejected. Fred Habacht Link to comment Share on other sites More sharing options...
cedros Posted November 23, 2018 Author Report Share Posted November 23, 2018 Thanks Fred. I still might try Costco. I tried BancoSabadell this morning-no reply yet. Link to comment Share on other sites More sharing options...
Fred Habacht Posted November 23, 2018 Report Share Posted November 23, 2018 I have been told that some walmarts.....and not the one here....might overlook your lack of Mexican id if you approach to open a saving account, then wait a few months and ask for their credit card. That credit card becomes a reference when trying for a Santander based card......like Amex or Visa. Apply at the beginning of a month rather than mid month. Fred Habacht Link to comment Share on other sites More sharing options...
jrod Posted November 23, 2018 Report Share Posted November 23, 2018 One of the conditions of bank-issued credit cards in Mexico is a minimum of six months of banking history with the institution at which you are making application. Your NOB credit history is irrelevant: what they care about is your credit worthiness in-country. (Note: even your Telcel monthly bill helps build credit history, because they've checked out your credit-worthiness from your application.) Bancomer, as one example, requires a minimum of six months of monthly activity, including monthly deposits of at least $6000. (That will likely, according to the rep I spoke with in Ajijic) earn you an initial maximum card limit of the same: $6000.00. The higher the monthly deposits, the higher the credit limit, and you also cannot exceed the $ of funds in your account. (Yes, you can deposit and withdraw; you are not required to add the minimum monthly deposit for six months and keep it in your account. They want to see activity...having more than the required $6000.00 for longer than six months means nothing.) The same process applies at HSBC, who indicates online that their minimum monthly deposit is $5000.00. Mexican credit cards are useful for many online purchases where US credit cards get snagged in the international authorization of the sales transaction. Volaris, for example, has noted issues with their website, including payment authorization process (on their end) when using a foreign card. A Mexican credit card doesn't seem to have this hiccup and we've used it for NOB purchases online (even with deliveries to a shipping address NOB different from the Mexico mailing address) with no problem. To use a NOB credit card in potentially troublesome online purchases in Mexico (again, Volaris), I start my online transaction to the point where I'm ready to hit "purchase" and get on the phone with a live NOB credit card company rep so they can OK the transaction as it passes to them through the ether. That seems to work for me. Link to comment Share on other sites More sharing options...
cedros Posted November 23, 2018 Author Report Share Posted November 23, 2018 50 minutes ago, jrod said: One of the conditions of bank-issued credit cards in Mexico is a minimum of six months of banking history with the institution at which you are making application. Your NOB credit history is irrelevant: what they care about is your credit worthiness in-country. (Note: even your Telcel monthly bill helps build credit history, because they've checked out your credit-worthiness from your application.) Bancomer, as one example, requires a minimum of six months of monthly activity, including monthly deposits of at least $6000. (That will likely, according to the rep I spoke with in Ajijic) earn you an initial maximum card limit of the same: $6000.00. The higher the monthly deposits, the higher the credit limit, and you also cannot exceed the $ of funds in your account. (Yes, you can deposit and withdraw; you are not required to add the minimum monthly deposit for six months and keep it in your account. They want to see activity...having more than the required $6000.00 for longer than six months means nothing.) The same process applies at HSBC, who indicates online that their minimum monthly deposit is $5000.00. Mexican credit cards are useful for many online purchases where US credit cards get snagged in the international authorization of the sales transaction. Volaris, for example, has noted issues with their website, including payment authorization process (on their end) when using a foreign card. A Mexican credit card doesn't seem to have this hiccup and we've used it for NOB purchases online (even with deliveries to a shipping address NOB different from the Mexico mailing address) with no problem. To use a NOB credit card in potentially troublesome online purchases in Mexico (again, Volaris), I start my online transaction to the point where I'm ready to hit "purchase" and get on the phone with a live NOB credit card company rep so they can OK the transaction as it passes to them through the ether. That seems to work for me. I wonder. I've had an account at HSBC here for 9 years and a Telcel account for several years but it doesn't help. Link to comment Share on other sites More sharing options...
bmh Posted November 23, 2018 Report Share Posted November 23, 2018 We were turned down by Walmart before beng citizens as well... Link to comment Share on other sites More sharing options...
ibarra Posted November 23, 2018 Report Share Posted November 23, 2018 15 hours ago, AngusMactavish said: Gotta disagree. Here is what their site says w/o mentioning citizenship: Requisitos Ingreso mínimo mensual requerido $5,000.00 M.N. Identificación oficial (Credencial de Elector, pasaporte vigente y en caso de ser extranjero FM2 y Pasaporte) Comprobante de domicilio (Recibo de luz o predial con antigüedad no mayor a dos meses) Comprobante de ingresos (Cuenta de Inversiones, 2 últimos recibos de nómina, estado de cuenta o presentar una Tarjeta de Crédito de otra institución) Tener entre 18 y 74 años 11 meses de edad Ser persona física No tener antecedentes crediticios negativos en Buró de Crédito Antigüedad mínima en el empleo de 1 año Still using FM2's as a requirement! How long have they been obsolete? 5 years... maybe? What else is incorrect? Link to comment Share on other sites More sharing options...
gringal Posted November 23, 2018 Report Share Posted November 23, 2018 For the elder expats who are NOT Mexican citizens: Check out: U.S.State Dept. Federal Credit Union. They cater to diplomats and expats and issue VISA cards. No need to apply in person in the U.S. to open accounts: Savings, Checking and credit card. Link to comment Share on other sites More sharing options...
cedros Posted November 23, 2018 Author Report Share Posted November 23, 2018 1 hour ago, gringal said: For the elder expats who are NOT Mexican citizens: Check out: U.S.State Dept. Federal Credit Union. They cater to diplomats and expats and issue VISA cards. No need to apply in person in the U.S. to open accounts: Savings, Checking and credit card. I wonder if there is something similar for Canada. Link to comment Share on other sites More sharing options...
gringal Posted November 23, 2018 Report Share Posted November 23, 2018 24 minutes ago, cedros said: I wonder if there is something similar for Canada. Try this: https://www.expatforum.com/banking/banking-in-canada.html Link to comment Share on other sites More sharing options...
cedros Posted November 23, 2018 Author Report Share Posted November 23, 2018 2 hours ago, gringal said: Try this: https://www.expatforum.com/banking/banking-in-canada.html Thanks for that. My security won't let me view the most interesting links there. I will have to find a workaround. Link to comment Share on other sites More sharing options...
traderspoc Posted November 24, 2018 Report Share Posted November 24, 2018 i check into opening a premier account at HSBC, management fee to high 1% per year fee to hold your money.as wealth client. i use multiva no fee when you get a CD making over *% interest Link to comment Share on other sites More sharing options...
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