topic Best Buy Credit Card in Credit Card Applications

Best Buy Credit Card

teeder27 — Fri, 16 Jan 2015 18:28:12 GMT

Looking for some insight on the Best Buy credit card. My credit score is on the mend- lost a job a number of years ago, which caused some credit card late pays and charge off's, which have all been paid in full. I'm working with Lexington Law right now to get as much of it cleaned up as possible. (unless someone has a suggestion for a better firm to work with). Looking at the MyFico tracking, i'm mid 600's on all three bureaus.

I applied for a Best Buy card, and was declined. I'm curious what the minimum score needed is to get the card. I have three other cards currently, two that I've had for 5+ years and have zero balances on them right now.

Ultimately, I'm trying to get my score back over 800, where it was before I lost my job and ended up in credit card jail, if you will.

Re: Best Buy Credit Card

go_FICO_self — Fri, 16 Jan 2015 18:38:01 GMT

@teeder27 wrote:
Looking for some insight on the Best Buy credit card. My credit score is on the mend- lost a job a number of years ago, which caused some credit card late pays and charge off's, which have all been paid in full. I'm working with Lexington Law right now to get as much of it cleaned up as possible. (unless someone has a suggestion for a better firm to work with). Looking at the MyFico tracking, i'm mid 600's on all three bureaus.

I applied for a Best Buy card, and was declined. I'm curious what the minimum score needed is to get the card. I have three other cards currently, two that I've had for 5+ years and have zero balances on them right now.

Ultimately, I'm trying to get my score back over 800, where it was before I lost my job and ended up in credit card jail, if you will.

650 isn't great but might work for best buy. You might recon your denial with them. Others with experience will confirm if this is possible.

Re: Best Buy Credit Card

DaveInAZ — Fri, 16 Jan 2015 18:55:34 GMT

Best Buy cards are issued by Citibank, which isn't as forgiving of past credit problems as other banks. But 650 should be OK for the store card (which can only be used for Best Buy purchases, as opposed to the BB Mastercard which can be used like any MC/Visa). The BB Mastercard is harder to get. The store card gives you up to 5x in BB Reward Zone points for purchases in store or BestBuy.com.

Try calling their card service center 800-365-0292 and ask them to reconsider, and explain job loss and that all the lates charge offs have been paid in full (does that show on your credit report?).

Good luck.

Re: Best Buy Credit Card

teeder27 — Fri, 16 Jan 2015 19:37:57 GMT

Yes, everything shows zero balance, paid in full on my bureaus.

Re: Best Buy Credit Card

Strogen — Fri, 16 Jan 2015 19:48:51 GMT

@DaveInAZ wrote:
Best Buy cards are issued by Citibank, which isn't as forgiving of past credit problems as other banks. But 650 should be OK for the store card (which can only be used for Best Buy purchases, as opposed to the BB Mastercard which can be used like any MC/Visa). The BB Mastercard is harder to get. The store card gives you up to 5x in BB Reward Zone points for purchases in store or BestBuy.com.

Try calling their card service center 800-365-0292 and ask them to reconsider, and explain job loss and that all the lates charge offs have been paid in full (does that show on your credit report?).

Good luck.

Actually im pretty sure the mastercard is easier to get if you have below average credit. I applied for the store card but didnt qualify for it 2 years ago.

But I apparently did qualify for a rewardzone mastercard gold with a $300 credit limit. Its 1500 now, but just realize if you apply they can bump you down to an AF card like what I got.

Re: Best Buy Credit Card

yfan — Fri, 16 Jan 2015 19:51:09 GMT

If you're showing zero balance on all cards, that might be detrimental to your score. Usually it's advised to show balance on one card at least - that doesn't mean you have to carry a balance, just let one report and pay in full by the due date.

As for the Best Buy card, why do you want it? Do you shop at Best Buy a lot or are you just trying to add to your credit portfolio? If the latter, try a more general purpose card.

Re: Best Buy Credit Card

Anonymous — Fri, 16 Jan 2015 19:53:50 GMT

I applied for it a couple of years back just after purchasing a house and they denied me for too many inquiries with a 720 score. I applied again las December and was approved for their prefered store card for 4k. I then received a letter saying they denied me for the MC version of the card with a 754 score. They pulled Experian.

Re: Best Buy Credit Card

DaveInAZ — Fri, 16 Jan 2015 20:16:19 GMT

@Strogen wrote:
@DaveInAZ wrote:
Best Buy cards are issued by Citibank, which isn't as forgiving of past credit problems as other banks. But 650 should be OK for the store card (which can only be used for Best Buy purchases, as opposed to the BB Mastercard which can be used like any MC/Visa). The BB Mastercard is harder to get. The store card gives you up to 5x in BB Reward Zone points for purchases in store or BestBuy.com.

Try calling their card service center 800-365-0292 and ask them to reconsider, and explain job loss and that all the lates charge offs have been paid in full (does that show on your credit report?).

Good luck.

Actually im pretty sure the mastercard is easier to get if you have below average credit. I applied for the store card but didnt qualify for it 2 years ago.

But I apparently did qualify for a rewardzone mastercard gold with a $300 credit limit. Its 1500 now, but just realize if you apply they can bump you down to an AF card like what I got.

Well, it's what a service rep told me. I have the RZ MC opened several years ago when it was from HSBC, and it has an AF of $59. The fee was going to hit in Nov. so I called in Oct. & asked if anyway to waive the AF; answer was no. I then asked if they could PC to a store card w/no AF, and was to No, I had to app & be approved for it. I pointed put that there's no app for just the store card, just an app shopwing both cards. Rep said yes, those who qualify get the store card and "better qualified" apps get the MC. And see Capri's post above.

I kept the MC as when I reviewed I saw I got $85 worth of RZ certs in the last year, offsetting the AF, and they approved my CLI from $1k to $2k..

Re: Best Buy Credit Card

undrtkr65 — Tue, 26 May 2015 23:02:29 GMT

I applied for this card and was denied so I called them and the rep told me the only reason i was denied is for too many inquiries. I called up the executive office and asked them if I could do a recon and I told the lady what the guy had told me and she said if they was the only reason she could probably approve me. she told me to wait for the letter to come in the mail and call them back. I'll give a update as soon as I find out something. My experian fico is 587 so i hope i can get it.

Re: Best Buy Credit Card

Anonymous — Tue, 26 May 2015 23:33:14 GMT

Re: Best Buy Credit Card

Salrn — Mon, 22 Jun 2015 14:04:56 GMT

I've done some pretty bad stuff with my credit in 2008 and paid dearly for it. Anyway- settled everything and paid my judgements so they show a 0 balance. I started with small store cards- target, victorias secret - moved onto nordstrom and bloomies as they have their own banks- used them and paid them the did it again. Just bought a house with a score of 691- and went crazy with credit apps-
Lowes -5K limit ( originally 1500$-called the backdoor #found in MyFICO and increase to 5k)
Got a couple capital one cards that I carry a Ero balance on.
Long story short-I applied at best buy yesterday got 2K limit asked stote assoc to call the number to ask for increase and went to 3500$ it's what I asked for and am kicking myself for not asking for more.
Considering I defaulted on 2 Citibank cards in past I think they are forgiving.
Good luck and anything Lex Law can do you can do as well- save your money! Offer settlements and dispute everything. Research this site and gather information. I managed to go from 550 to 710 in 15 months

Re: Best Buy Credit Card

SecretAzure — Mon, 22 Jun 2015 14:36:38 GMT

Honestly there are better non-store cards you should be apping for first OP. I find store cards to be quite limiting and generally not as useful as they promise (with a few exceptions...but very few that are not tailored for the average male).

Re: Best Buy Credit Card

DeadlyPersona — Fri, 26 Jun 2015 05:15:37 GMT

@teeder27 wrote:
Looking for some insight on the Best Buy credit card. My credit score is on the mend- lost a job a number of years ago, which caused some credit card late pays and charge off's, which have all been paid in full. I'm working with Lexington Law right now to get as much of it cleaned up as possible. (unless someone has a suggestion for a better firm to work with). Looking at the MyFico tracking, i'm mid 600's on all three bureaus.

I applied for a Best Buy card, and was declined. I'm curious what the minimum score needed is to get the card. I have three other cards currently, two that I've had for 5+ years and have zero balances on them right now.

Ultimately, I'm trying to get my score back over 800, where it was before I lost my job and ended up in credit card jail, if you will.

I applied for the Best Buy card in store back in November 2014. I actually was shopping for a laptop and decided to use that as an option to try and help my chances at a better approval for the card. I was denied the Mastercard version but was approved the regular store card. They pulled Experian and Equifax. I live in North Carolina and when I received my letter it stated my score was 657 at the time. My starting limit was $1,000.

Re: Best Buy Credit Card

TRC_WA — Fri, 26 Jun 2015 13:42:32 GMT

@SecretAzure wrote:
Honestly there are better non-store cards you should be apping for first OP. I find store cards to be quite limiting and generally not as useful as they promise (with a few exceptions...but very few that are not tailored for the average male).

The Best Buy store card is pretty useful to me. I got it in Sept 2013 right before the switch to Citi...

Limit is $3500... I've spent probably 3 times that amount over the last 21 months and have not paid a single cent in interest. Every piece of electronics I've bought has been a 12 or 18 month 0% promotion.

... not to mention my MacBook Pro that I got in January was on sale for $100 off and I got an additional $200 off with the 10% USPS mover's coupon.... and 18 months 0%.

I'm not a huge fan of store cards either... this is 1 of 2 that I have... Nordstrom being the other.

Re: Best Buy Credit Card

SecretAzure — Fri, 26 Jun 2015 14:02:16 GMT

@TRC_WA wrote:
@SecretAzure wrote:
Honestly there are better non-store cards you should be apping for first OP. I find store cards to be quite limiting and generally not as useful as they promise (with a few exceptions...but very few that are not tailored for the average male).
The Best Buy store card is pretty useful to me. I got it in Sept 2013 right before the switch to Citi...

Limit is $3500... I've spent probably 3 times that amount over the last 21 months and have not paid a single cent in interest. Every piece of electronics I've bought has been a 12 or 18 month 0% promotion.

... not to mention my MacBook Pro that I got in January was on sale for $100 off and I got an additional $200 off with the 10% USPS mover's coupon.... and 18 months 0%.

I'm not a huge fan of store cards either... this is 1 of 2 that I have... Nordstrom being the other.

Thank you for that useful bit of info. I think if I am ever without a 0% APR intro offer and not looking towards any other cards and am about to finance a large tech/elec purchase I might consider it but I am still wary of BBY and the ever-too-frequent bait-and-switch they pull with their card.

Re: Best Buy Credit Card

TRC_WA — Fri, 26 Jun 2015 14:06:50 GMT

@SecretAzure wrote:
@TRC_WA wrote:
@SecretAzure wrote:
Honestly there are better non-store cards you should be apping for first OP. I find store cards to be quite limiting and generally not as useful as they promise (with a few exceptions...but very few that are not tailored for the average male).
The Best Buy store card is pretty useful to me. I got it in Sept 2013 right before the switch to Citi...

Limit is $3500... I've spent probably 3 times that amount over the last 21 months and have not paid a single cent in interest. Every piece of electronics I've bought has been a 12 or 18 month 0% promotion.

... not to mention my MacBook Pro that I got in January was on sale for $100 off and I got an additional $200 off with the 10% USPS mover's coupon.... and 18 months 0%.

I'm not a huge fan of store cards either... this is 1 of 2 that I have... Nordstrom being the other.
Thank you for that useful bit of info. I think if I am ever without a 0% APR intro offer and not looking towards any other cards and am about to finance a large tech/elec purchase I might consider it but I am still wary of BBY and the ever-too-frequent bait-and-switch they pull with their card.

Yeah I applied for the MC and was approved for the store card. It is very useful because every high dollar purchase will offer some kind of 0% promotion.

I'm not really interested in the MC upgrade now (if they ever offer it) because it's a new TL and I'd rather just keep the store card open and grow the AAoA.

My other store card Nordstrom on the other hand will upgrade to VISA and keep the same TL.

No plans to app for any other store cards... I closed most of mine in December. I'm fine with major CC's... but make an exception for these 2 and the combined $8k CL.

Re: Best Buy Credit Card

Anonymous — Thu, 13 Aug 2015 06:37:20 GMT

@TRC_WA wrote:
@SecretAzure wrote:
@TRC_WA wrote:
@SecretAzure wrote:
Honestly there are better non-store cards you should be apping for first OP. I find store cards to be quite limiting and generally not as useful as they promise (with a few exceptions...but very few that are not tailored for the average male).
The Best Buy store card is pretty useful to me. I got it in Sept 2013 right before the switch to Citi...

Limit is $3500... I've spent probably 3 times that amount over the last 21 months and have not paid a single cent in interest. Every piece of electronics I've bought has been a 12 or 18 month 0% promotion.

... not to mention my MacBook Pro that I got in January was on sale for $100 off and I got an additional $200 off with the 10% USPS mover's coupon.... and 18 months 0%.

I'm not a huge fan of store cards either... this is 1 of 2 that I have... Nordstrom being the other.
Thank you for that useful bit of info. I think if I am ever without a 0% APR intro offer and not looking towards any other cards and am about to finance a large tech/elec purchase I might consider it but I am still wary of BBY and the ever-too-frequent bait-and-switch they pull with their card.
Yeah I applied for the MC and was approved for the store card. It is very useful because every high dollar purchase will offer some kind of 0% promotion.

I'm not really interested in the MC upgrade now (if they ever offer it) because it's a new TL and I'd rather just keep the store card open and grow the AAoA.

My other store card Nordstrom on the other hand will upgrade to VISA and keep the same TL.

No plans to app for any other store cards... I closed most of mine in December. I'm fine with major CC's... but make an exception for these 2 and the combined $8k CL.

are both the store card and mastercard both citi ? how does it grow ? soft pull credit limit increase every 6 months ? or 3 months ? im looking to buy those ipads now on sale and looking for 0% financing but wonder if maybe i be better off just getting the US Bank Cash+ 9 months 0% APR with $100 back when you spend $500. But its not only for blance transfers, not purchases. Another card in mind was Chase Saphire which also does not have 0% APR on neither purchases or balance transfers.

Re: Best Buy Credit Card

Anonymous — Sat, 14 Jan 2017 06:19:47 GMT

bestbuy store card should be ok with mid 600's if you don't have any other issue. but visa card might need little higher.

my wife applied 2 months ago with 720 fico. she got approved for $4K. it was best buy visa

Re: Best Buy Credit Card

Anonymous — Sat, 14 Jan 2017 18:11:38 GMT

@atrake19 wrote:
bestbuy store card should be ok with mid 600's if you don't have any other issue. but visa card might need little higher.
my wife applied 2 months ago with 720 fico. she got approved for $4K. it was best buy visa

This thread is old...good data points though.

Re: Best Buy Credit Card

purplegurl1920 — Thu, 11 May 2017 16:59:22 GMT

Yeah, with you. It is old. I need a new refrigator and wanted 0% APR for a little whie