topic Re: Odds of Best Buy card in Credit Card Applications

Odds of Best Buy card

Anonymous — Mon, 09 Mar 2020 20:48:56 GMT

740 fico. 1500 a month income.

Re: Odds of Best Buy card

Brian_Earl_Spilner — Mon, 09 Mar 2020 20:52:19 GMT

Not enough info

Re: Odds of Best Buy card

AllZero — Mon, 09 Mar 2020 20:53:03 GMT

Insufficient data provided. I will take a guess at 50/50?

Re: Odds of Best Buy card

Brian_Earl_Spilner — Mon, 09 Mar 2020 20:54:23 GMT

@AllZero wrote:
Insufficient data provided. I will take a guess at 50/50?

The coin could land on its edge

Re: Odds of Best Buy card

RSX — Mon, 09 Mar 2020 20:57:50 GMT

How many new accounts under 1 year?

how many Inq in the last year?

what is your current CC Utilization ?

with $18k/yr income, your chances will be lower and your opening CL will be low, if approved.

Re: Odds of Best Buy card

AllZero — Mon, 09 Mar 2020 21:00:18 GMT

@Brian_Earl_Spilner wrote:
@AllZero wrote:
Insufficient data provided. I will take a guess at 50/50?
The coin could land on its edge

There is no coin. Then you'll see, that it is not the coin that flips, it is only yourself.

Re: Odds of Best Buy card

Brian_Earl_Spilner — Mon, 09 Mar 2020 21:02:41 GMT

@AllZero wrote:
@Brian_Earl_Spilner wrote:
@AllZero wrote:
Insufficient data provided. I will take a guess at 50/50?
The coin could land on its edge
There is no coin. Then you'll see, that it is not the coin that flips, it is only yourself.

I just burst out laughing and my group is looking at me.

Re: Odds of Best Buy card

AllZero — Mon, 09 Mar 2020 21:07:00 GMT

@Brian_Earl_Spilner wrote:
@AllZero wrote:
@Brian_Earl_Spilner wrote:
@AllZero wrote:
Insufficient data provided. I will take a guess at 50/50?
The coin could land on its edge
There is no coin. Then you'll see, that it is not the coin that flips, it is only yourself.
I just burst out laughing and my group is looking at me.

🐐 😃

Re: Odds of Best Buy card

Remedios — Mon, 09 Mar 2020 21:17:03 GMT

😐

Re: Odds of Best Buy card

Anonymous — Mon, 09 Mar 2020 21:44:45 GMT

You're much better trying Synchrony and getting the Amazon Store Card as @Remedios suggested in your Apple Card thread. Citi is not as fond of low income as Synchrony is. I am in the $18K range myself and Citi gave me $1900 on my Rewards+ which hasn't grown while my Amazon Store Card hit $8K yesterday and increases with Synchrony are a SP affair.

Re: Odds of Best Buy card

M_Smart007 — Mon, 09 Mar 2020 22:17:03 GMT

@Anonymous wrote:
740 fico. 1500 a month income.

Best Buy is not that easy to get approved for. IMHO

Great suggestions upthread

Re: Odds of Best Buy card

mikesonthemend — Tue, 10 Mar 2020 01:37:00 GMT

@Anonymous wrote:
740 fico. 1500 a month income.

Try the pre-qualification at Home Depot. I was told by Best Buy employee (not retail clerk, home office analyst) Citi is a little more lax on UW standards for Best Buy than the HD card.

If pre-approved at Home Depot, my guess is you have good odds with Best Buy. Don't pull the trigger on HD (obviously) if you want the BB card.

Re: Odds of Best Buy card

KLEXH25 — Tue, 10 Mar 2020 02:34:31 GMT

@Remedios wrote:
😐

I read the other post and now this one and I'm dying 😆

Re: Odds of Best Buy card

AverageJoesCredit — Tue, 10 Mar 2020 15:09:50 GMT

@RSX wrote:
How many new accounts under 1 year?
how many Inq in the last year?
what is your current CC Utilization ?

with $18k/yr income, your chances will be lower and your opening CL will be low, if approved.

Not really. Many of us LIErs have done quite well with Citi. Many approvals for this card start around 2k, even people with high income, from what ive witnessed these past 4 years, ymmv of course.

Re: Odds of Best Buy card

AverageJoesCredit — Tue, 10 Mar 2020 15:10:19 GMT

@AllZero wrote:
@Brian_Earl_Spilner wrote:
@AllZero wrote:
Insufficient data provided. I will take a guess at 50/50?
The coin could land on its edge
There is no coin. Then you'll see, that it is not the coin that flips, it is only yourself.

NOICE🤯🎱😎

Re: Odds of Best Buy card

AverageJoesCredit — Tue, 10 Mar 2020 15:11:41 GMT

@Anonymous wrote:
You're much better trying Synchrony and getting the Amazon Store Card as @Remedios suggested in your Apple Card thread. Citi is not as fond of low income as Synchrony is. I am in the $18K range myself and Citi gave me $1900 on my Rewards+ which hasn't grown while my Amazon Store Card hit $8K yesterday and increases with Synchrony are a SP affair.

True, its much harder to get big limits on legacy, but manage credit well with Citi they will open up especially retail

Re: Odds of Best Buy card

Anonymous — Tue, 10 Mar 2020 15:17:34 GMT

Just a dp.

I got approved in April of last year, with around a 630 TU 2 collections, and reported income of 40k. However I had a squeaky clean report, as far as inquiries, excluding a rental one in August 2018, if you have say under 3 inqs in 12 months, and 1 or two new accounts in 12, I'd say go for it another great idea like a poster above said is try prequal for home Depot if that's a yes bb should be a yes, also if you can prequal any legacy card on the Citi site bb will definitely be a yes, also keep in mind be prepared if approved all CLI is HP, they won't even discuss CLI for most likely 12 months, and getting an auto cli on it is like finding a unicorn, cli for Citi seems inq sensitive in my experience

Re: Odds of Best Buy card

RSX — Tue, 10 Mar 2020 15:19:54 GMT

@AJC

i know it can be done, but it was also based on the answers to the questions I listed first. Which haven't been answered yet

overall what I meant was. If you have all your profile in a good place, without many Inq, without new accounts, then you have your best chance

low income is a factor. But if everything else is lined up, then it becomes a smaller factor.

Re: Odds of Best Buy card

Anonymous — Tue, 10 Mar 2020 16:24:12 GMT

@AverageJoesCredit wrote:
@Anonymous wrote:
You're much better trying Synchrony and getting the Amazon Store Card as @Remedios suggested in your Apple Card thread. Citi is not as fond of low income as Synchrony is. I am in the $18K range myself and Citi gave me $1900 on my Rewards+ which hasn't grown while my Amazon Store Card hit $8K yesterday and increases with Synchrony are a SP affair.
True, its much harder to get big limits on legacy, but manage credit well with Citi they will open up especially retail

Yes I know but it's still more challenging than Sync is.

Re: Odds of Best Buy card

AverageJoesCredit — Tue, 10 Mar 2020 16:28:04 GMT

@RSX wrote:
@AJC

i know it can be done, but it was also based on the answers to the questions I listed first. Which haven't been answered yet

overall what I meant was. If you have all your profile in a good place, without many Inq, without new accounts, then you have your best chance

low income is a factor. But if everything else is lined up, then it becomes a smaller factor.

I hear ya Just wanted people such as Op, whose income is low, that it can be done and not to feel like it cant be achieved. Now were it Chase CSR, id cover my eyes , plug my ears, and learn braille🙋‍♂️