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I have a Best Buy store card with a limit upwards of $8,000 through regular requests for CLI's. However, I haven't used the card in several months and can't think of anything I need/want from BB at this time. I'm concerned that they are going to do a CLD or close the acct. entirely for non-usage.
What if I bought something . . . . say a $2,000 laptop, charge it (of course). Never even open the box and return it within the 14 days allowed for returns (before the statement cuts).
Would this show as activity on the card sufficient to avoid a CLD and/or closure?
Your thoughts please.
@Anonymous wrote:
Do they charge a restocking fee? Why do you have to buy something so expensive....why not just get a few cheap items that you might want/need like DVD's, printer cartridges, etc.
Because I don't NEED DVD's, printer cartridges, etc. And I big on not wasting money.
And no, they don't charge a restocking fee if returned within 14 days.
@Anonymous wrote:
They also sell books there, have coolers with softdrinks, etc. You could also order a giftcard to give to the next person you need a gift for.
(sigh) . . . . I don't NEED coolers or soft drinks, etc. And when I give a gift it's almost always cash. I'm 63 yrs. old. I don't need much of anything. I just want to maintain my credit for when I DO need something.
But, thanks for the suggestions.
Use is the best defense against closure. I don't really think there is a defense against CLD. If they are probing their records and you don't measure up you are gonna get cut. If BB gets it in their mind that unless you meet a certain profile you are undeserving you will get reduced. That being said an $8K CL might be high on their minds. The good news is that store cards are usually much slower to reduce CL's or close accounts that a CC is. The bad news is we are talking HSBC. HSBC always likes to see use.
If you decide to make that large purchase and return it, be smart. Make sure the charge and the return show up in different billing cycles. Also, don't hassle the salesperson too much. I don't know if BB salespeople are on commission (Circuit City's were not), but if your guy is he will be charged back when you return the item.
Itsmeagain wrote:
I have a Best Buy store card with a limit upwards of $8,000 through regular requests for CLI's. However, I haven't used the card in several months and can't think of anything I need/want from BB at this time. I'm concerned that they are going to do a CLD or close the acct. entirely for non-usage.
What if I bought something . . . . say a $2,000 laptop, charge it (of course). Never even open the box and return it within the 14 days allowed for returns (before the statement cuts).
Would this show as activity on the card sufficient to avoid a CLD and/or closure?
Your thoughts please.
One of the worst days of the last year had to be the day my local Circuit City store closed leaving me stuck with BB. The last BB store I was in that I liked was in WI - and that was 10+ years ago. Down here in S. Florida they are just dreck!
That being said one of the reasons CC went BK had to be that their floor people were not on incentive. Since they took away the salesperson's incentive payments the path for CC was straight down. You can get $10/hr if you are knowledgable and work hard -or- you can get $10/hr and be a do-nothing dweeb. Not quite good business I think!