Reply
Valued Member
Posts: 48
Registered: ‎02-13-2009
0

Best Buy Mastercard

I'm looking to have a better variety of credit in my report. I have a Best Buy Mastercard, is that considered a store card? If not, which is a good card to add to my mix? And will I need to a gas card as well?


Starting Score: TU FICO: 592
Current Score: TU FICO: 637
Goal Score: 660


Take the FICO Fitness Challenge
Valued Contributor
Posts: 1,132
Registered: ‎05-17-2010
0

Re: Best Buy Mastercard

 


14sephora wrote:

I'm looking to have a better variety of credit in my report. I have a Best Buy Mastercard, is that considered a store card? If not, which is a good card to add to my mix? And will I need to a gas card as well?


 

It's a Mastercard with Best Buy points .  Store cards are ones that you can use only in the stores, like a Yellow Best Buy card...it won't have Visa or Mastercard on it. 

 

I currently have Macy's, Nordstrom and Wal-Mart store cards.  Macy's and Wal-Mart have some steep interest rates, but I shop at all three places frequently so I like the perks that each card has (no-interest financing at Wal-Mart and coupons at the other 2 places).  

 

Don't worry about a gas card unless it's something where you can get a certain % or $ off at the pump. 

Moderator Emerita
Community Leader
Epic Contributor
Posts: 28,098
Registered: ‎04-01-2007
0

Re: Best Buy Mastercard

Although we thought for a long time (based on something that used to be on the Education tab above that is no longer there) that store cards would help mix, there's no evidence that this is so.

 

If all you have are store cards (no logo for Visa/ MC/ Discover/ American Express), then adding a bank card will help your credit mix. But not in reverse.

 

A store card can be great if you routinely shop at that store, and if you get good rewards from the card. Otherwise, don't get one just for the sake of having one. :smileywink:

 

Store and gas cards are scored the same; in other words, they're the same category of card. I think it's technically "retail and oil company."

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007

Get a myFICO recommended credit card

Copyright ©2001-2013 Fair Isaac Corporation.
All rights reserved.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.