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Established Contributor
beenthere
Posts: 971
Registered: ‎01-13-2008

Will they cancel my Best Buy?

I was looking at a Plasma TV. For grins I applied for the Best Buy card. Got the maxed out $750 teir card. I had no use for that so I walked out of the store. Still, I like electronics and I'd like to keep the card for the day I may have that "impulse" to make an immediate purchase. Yet, I don't really see that happening.
If I don't use the card, will Best Buy/HSBC cancel my card for none use in 6 months or a year?
1-14-08....... TU=683, EQ=667, EX=666
7-04-08....... TU=688, EQ=678, EX=682.......
.......4 of my 5 cards and a new car later.
2/13/09 and forever EX 693
Senior Contributor
fishbjc
Posts: 3,321
Registered: ‎11-30-2007

Re: Will they cancel my Best Buy?

They may cancel at the 12 mo for non-usage.  Pop in every once in a while to buy a cd or a bottle or coke or a ream of paper.
Established Contributor
woopah
Posts: 721
Registered: ‎03-15-2008

Re: Will they cancel my Best Buy?

HSBC is notorious for closing on the third month with no useage. I don't know if they would differentiate with the BB store card or not, but I know I'm not taking that change. whenever I'm not in the process of paying it off, I make sure I go in ever other month and make a purchase, even if it's just a bottle of soda.
4/16/09: TU: 775, EQ: 805
2/11/09: TU: 773, EQ: 790, EX:790
11/16/08: TU: 773, EQ: 785, EX: 780
Goals for 2009: 0 Credit Card Debt & 0% Util (achieved 2/6/09), Mortgage! (achieved 11/2/09), getting closer to 800 scores (I crossed this earlier this year, but I'm sure I'm not there anymore!)
Super Contributor
concorduser
Posts: 6,025
Registered: ‎09-18-2007

Re: Will they cancel my Best Buy?

Just make a purchase and charge it and then return it in a week or so. That would create activity on the card.
Established Contributor
beenthere
Posts: 971
Registered: ‎01-13-2008

Re: Will they cancel my Best Buy?

COOL! A new 50 inch plasma every two weeks.

concorduser wrote:
Just make a purchase and charge it and then return it in a week or so. That would create activity on the card.



1-14-08....... TU=683, EQ=667, EX=666
7-04-08....... TU=688, EQ=678, EX=682.......
.......4 of my 5 cards and a new car later.
2/13/09 and forever EX 693
Established Contributor
beenthere
Posts: 971
Registered: ‎01-13-2008

Re: Will they cancel my Best Buy?

Anyway, I don't suppose it would really matter if they did close it.
1-14-08....... TU=683, EQ=667, EX=666
7-04-08....... TU=688, EQ=678, EX=682.......
.......4 of my 5 cards and a new car later.
2/13/09 and forever EX 693
Frequent Contributor
shyboy
Posts: 378
Registered: ‎08-01-2007

Re: Will they cancel my Best Buy?

If i was you, iwould keep that account open. Think about it, u already took the hit from the inquiry plus you lowered your average account history. As long it's not costing you money then keep it open.

Just like the others are saying buy a pack of gum,soda etc.. to keep the account active.

I work for best buy and i've seen so many people getting ready to make a major purchase but find out that there account was so close due to non-activity and they have to reapply.

Hopes this helps
-------------------------------------------------------------------------------------------------Getting back in the credit game after major setbacks
Established Contributor
woopah
Posts: 721
Registered: ‎03-15-2008

Re: Will they cancel my Best Buy?



beenthere wrote:
COOL! A new 50 inch plasma every two weeks.

concorduser wrote:
Just make a purchase and charge it and then return it in a week or so. That would create activity on the card.








I wouldn't do that, cause then you'd have to pay for the restocking fee! :smileyhappy:
4/16/09: TU: 775, EQ: 805
2/11/09: TU: 773, EQ: 790, EX:790
11/16/08: TU: 773, EQ: 785, EX: 780
Goals for 2009: 0 Credit Card Debt & 0% Util (achieved 2/6/09), Mortgage! (achieved 11/2/09), getting closer to 800 scores (I crossed this earlier this year, but I'm sure I'm not there anymore!)
Established Contributor
beenthere
Posts: 971
Registered: ‎01-13-2008

Re: Will they cancel my Best Buy?



woopah wrote:

I wouldn't do that, cause then you'd have to pay for the restocking fee! :smileyhappy:

Oh yeah. That could cost a couple grand a month alone. LOL. I still wouldn't make a point of going to Best Buy once a month to buy a soda. Ya can't get a CLI with the "teir" card I have. I guess if I wanted to get Best Buys "Zero Percent Interest for 6 months" offer I'd have to let them drop me then re-aply.
One day, not too many more months down the road I won't carry any such rediculous accounts.
1-14-08....... TU=683, EQ=667, EX=666
7-04-08....... TU=688, EQ=678, EX=682.......
.......4 of my 5 cards and a new car later.
2/13/09 and forever EX 693
Established Contributor
l9ikjam
Posts: 662
Registered: ‎09-07-2007

Re: Will they cancel my Best Buy?

I'm glad I seen this thread. I got the card in I think Feb because I needed a new computer.I got the balance back to zero by the due date and haven't used it since. I guess I can go and buy some blank dvds
Advice is what we ask for when we already know the answer but wish we didn't.

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