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New Contributor
Want2BDebtFreeNow
Posts: 73
Registered: ‎10-15-2007
0

Best Buy (store card) Apr Increase

Just got notice in the mail that they are changing the terms and conditions of my account. From 20.xx% to 25.99.

 

It doesnt really matter as I only use it for the 0% offers, but man, I thought that 20% was bad. 

 

Anyway just thought I'd share with you.

As of 11/14/2012 EQ: 672

5 inqs in the last year - October 25, 2012, July 05, 2012, July 03, 2012, June 18, 2012, February 16, 2012

(Report reads them as 3) Your applications for credit in the past year
3 inquiries

Last account opened June 2012

Average age of your accounts
6 years

Number of your accounts with a missed payment
0 accounts

Ratio of your revolving balances to your credit limits
82% (Ouch)
Valued Member
tiffanie
Posts: 38
Registered: ‎03-24-2009
0

Re: Best Buy (store card) Apr Increase

Yup, mine jumped to 27.9%. Same as you, I only use it when there is a promotion so no worries =)
New Member
simonator
Posts: 7
Registered: ‎09-12-2009
0

Re: Best Buy (store card) Apr Increase

They just closed mine for non-use, only used it once for the 0% deal back in 2007.  Funny they sent me an email, then I couldn't log on so I called only to find out they closed it. 
Frequent Contributor
bakalao2k
Posts: 448
Registered: ‎02-21-2009
0

Re: Best Buy (store card) Apr Increase

I got the notice yesterday.  Rate going from 20.99% to ~25%.
TU - 737 - 02/21/09, 769 - 02/06/10, 795 - 09/08/10
EQ - 758 - 02/21/09, 783 - 02/06/10, 805 - 09/08/10
EX (PLUS) - 781 03/23/09, 787 - 02/06/10, 783 - 08/09/10
New Contributor
mark925
Posts: 50
Registered: ‎12-13-2008
0

Re: Best Buy (store card) Apr Increase

Haven't received the notice yet, but the only thing I have it for is the 0% offers anyway.
Valued Member
lsutigers03
Posts: 44
Registered: ‎12-02-2008
0

Re: Best Buy (store card) Apr Increase

One thing I've been wondering about Best Buy is the debt cancellation that is on every statement.  I always use the 0% deals but every month there a charge for debt cancellation.  So this leads me to believe that you can never buy anything on a Best Buy credit card that is same as cash.
Moderator Emeritus
MarineVietVet
Posts: 14,153
Registered: ‎07-14-2009
0

Re: Best Buy (store card) Apr Increase


lsutigers03 wrote:
One thing I've been wondering about Best Buy is the debt cancellation that is on every statement.  I always use the 0% deals but every month there a charge for debt cancellation.  So this leads me to believe that you can never buy anything on a Best Buy credit card that is same as cash.

You need to follow up on this with Best Buy. I've never had any such charge on a statement. It's very easy to unknowingly agree to something amongst all the fine print. Call and ask about this.

 

 

(myfico)
7/09 TU-742 EQ- 779
8/09 TU-765 EQ- 783
9/09 EX pulled by lender 802

 

CC interest free as of 8/09
Time can heal all wounds and a low FICO.
"Hello my name is Sandy and I'm a recovering crediholic".

Valued Member
lsutigers03
Posts: 44
Registered: ‎12-02-2008
0

Re: Best Buy (store card) Apr Increase


marinevietvet wrote:

lsutigers03 wrote:
One thing I've been wondering about Best Buy is the debt cancellation that is on every statement.  I always use the 0% deals but every month there a charge for debt cancellation.  So this leads me to believe that you can never buy anything on a Best Buy credit card that is same as cash.

You need to follow up on this with Best Buy. I've never had any such charge on a statement. It's very easy to unknowingly agree to something amongst all the fine print. Call and ask about this.

 

 

(myfico)
7/09 TU-742 EQ- 779
8/09 TU-765 EQ- 783
9/09 EX pulled by lender 802

 

CC interest free as of 8/09
Time can heal all wounds and a low FICO.
"Hello my name is Sandy and I'm a recovering crediholic".


Ok I called and canceled it.  Geez they really really try to make you keep it.  I really hated Best Buy for this charge but its HSBC that is charging it not Best Buy. Now my 0% purchases can truly be 0%.  I wonder how much they are making off of people with this stupid charge?

Moderator Emeritus
MarineVietVet
Posts: 14,153
Registered: ‎07-14-2009
0

Re: Best Buy (store card) Apr Increase

Ok I called and canceled it.  Geez they really really try to make you keep it.  I really hated Best Buy for this charge but its HSBC that is charging it not Best Buy. Now my 0% purchases can truly be 0%.  I wonder how much they are making off of people with this stupid charge?

 

Good for you!!! What exactly was this "debt cancellation" charge meant to do?

New Contributor
Want2BDebtFreeNow
Posts: 73
Registered: ‎10-15-2007
0

Re: Best Buy (store card) Apr Increase

I am glad my post helped you out :-).
As of 11/14/2012 EQ: 672

5 inqs in the last year - October 25, 2012, July 05, 2012, July 03, 2012, June 18, 2012, February 16, 2012

(Report reads them as 3) Your applications for credit in the past year
3 inquiries

Last account opened June 2012

Average age of your accounts
6 years

Number of your accounts with a missed payment
0 accounts

Ratio of your revolving balances to your credit limits
82% (Ouch)

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