Credit Cards

[Brusilov]

Strangely though when you go to apply it lists terms for both the store card and the mastercard....but the mastercard annual fee is either $39 or $59.  I don't see a no annual fee version of the card being offered anymore.

[scottwagnon]

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vonMannstein wrote:

Strangely though when you go to apply it lists terms for both the store card and the mastercard....but the mastercard annual fee is either $39 or $59.  I don't see a no annual fee version of the card being offered anymore.

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they won't reveal that you can qualify for the platinum rzmc, because you have to have phenomenal credit. Less than 10% of applicants will qualify for this card.

[Brusilov]

Then they've discontinued the gold w/ no AF (that's what I currently have)?

[logan_720]

If you look at the terms, it lists the card that has no annual fee first, with a 21% interest rate, and then if you scroll further, it lists the Mastercard version, with a $39-$59 AF.

[Brusilov]

I know, but not too long ago there were 4 Best Buy cards:

Store Card (6-12mo etc financing)

Mastercard Gold w/ Fee

Mastercard Gold w/ No Fee

Mastercard Platinum (also no fee)

[scottwagnon]

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logan_720 wrote:

If you look at the terms, it lists the card that has no annual fee first, with a 21% interest rate, and then if you scroll further, it lists the Mastercard version, with a $39-$59 AF.

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Not anymore. It's different now. The objective here appears to obtain store credit, rather than a MasterCard. They provide a builder card if your credit is subpar, in order to encourage you to come back and buy more from them. However, they need to encourage the elite to buy elite tvs from them and not some specialty retailer, so they quietly provide a sparkling platinum for the top 5 to 10 percent.

[logan_720]

So from what I am reading now, the "store card" seems to be geared toward what the previous Mastercard was targeted towards, as the store card now has the higher interest rate, it being 25.24-27.99% and not carrying an AF, while the Mastercard has a lower, 21.74% interest rate, and DOES carry an AF...it seems like Capital One restructured this, because when I apped I recieved the Mastercard with a 25% interest rate, a $300 limit, and a $59 AF...I'm probably just spouting off info that you already know, so I'll just stop 

[Ron1]

More info about the sale of HSBC cards to Capital One:

http://www.cardhub.com/edu/hsbc-credit-cards-become-capital-one-credit-cards/

Ron.

[LS2982]

Has anyone asked for a CLI now that Cap1 has the BB store card?

[Ron1]

FAQs - Best Buy's Credit Card Portfolio (HSBC) Transitioning to Capital One:

http://forums.bestbuy.com/t5/Best-Buy-Geek-Squad-Policies/FAQs-Best-Buy-s-Credit-Card-Portfolio-HSBC...

Ron.