topic Re: About getting approved for a BestBuy CC in Credit Cards

About getting approved for a BestBuy CC

neilp — Sat, 19 Nov 2016 17:48:29 GMT

HI,

Does anyone know what the minimum credit score is to get a BestBuy store card and if chances of getting approved are better online or in store? My credit score are all in the low to mid 600's

Thanks

Re: About getting approved for a BestBuy CC

Anonymous — Sat, 19 Nov 2016 23:50:45 GMT

Citi is fairly inquiry sensitive. I actually applied today online, received a Code 25 and a reference number and was asked to call in. My current Fico8's are all 3 within 2-3 points of 700 and utilization is under 10% so I thought I stood a decent chance. Called in, was asked a couple of verification questions and she came back on the line to tell me I was denied. As I had already taken the TU HP I asked to speak with an underwriter and surprisingly I was connected to the UW manager. We chatted for a few minutes, he reviewed my bureau and told me my Fico was directly inline with an approval but he couldn't approve me due to inquiries (I have 16 on TU in the last 12 months). UW Manager sort of unintentionally told me that Citi's magic number for inquiries in the last 12 months was about 5. UW told me he can override borderline FICO scores and approve apps, but excessive inquiries he has no override authority on. Hope this info helps any others who are on the fence.

Re: About getting approved for a BestBuy CC

Anonymous — Sun, 20 Nov 2016 02:28:08 GMT

I got approved recently with a $2000 SL with 6 inquires, my EQ at the time was 651 at 6% utilization total and one baddie from 2014.

Re: About getting approved for a BestBuy CC

Anonymous — Sun, 20 Nov 2016 02:20:27 GMT

Same thing happened to me last June. Was told my FICO was okay for the card but because of my INQ's there was nothing he would do to override the denial. I'd at least make sure you had no more than 6 in the last 12 months. That counts me out. I have just a teeny bit more than that. 🙄

Re: About getting approved for a BestBuy CC

Anonymous — Sun, 20 Nov 2016 02:24:47 GMT

Speaking with the UW Mgr was sort of funny. He didn't really want to tell me the "magic number" for inquiries, so we kind of played the "higher", "lower", "lower" game until I guessed correctly. At the end of the call I still didn't have a BB card, but got to be the next contestant on "guess the max inquiries"../

Re: About getting approved for a BestBuy CC

fedxboy — Sun, 20 Nov 2016 06:34:31 GMT

@Anonymous wrote:
Citi is fairly inquiry sensitive. I actually applied today online, received a Code 25 and a reference number and was asked to call in. My current Fico8's are all 3 within 2-3 points of 700 and utilization is under 10% so I thought I stood a decent chance. Called in, was asked a couple of verification questions and she came back on the line to tell me I was denied. As I had already taken the TU HP I asked to speak with an underwriter and surprisingly I was connected to the UW manager. We chatted for a few minutes, he reviewed my bureau and told me my Fico was directly inline with an approval but he couldn't approve me due to inquiries (I have 16 on TU in the last 12 months). UW Manager sort of unintentionally told me that Citi's magic number for inquiries in the last 12 months was about 5. UW told me he can override borderline FICO scores and approve apps, but excessive inquiries he has no override authority on. Hope this info helps any others who are on the fence.

That sucks about the inquiries, but I can understand. However, in my case... I already have the Best Buy Preferred card with a sl of 4k, since 12/14.. This was before they starting issuing the Visa card. So, if I wanted a Best Buy Visa and I do!! They say the only way, I can get one is to reaaply, after I close my current card -- HAHA Then, I'm sure I'd be declined based on my inquires -- double HAHA I'll leave well enough alone.

Re: About getting approved for a BestBuy CC

Anonymous — Sun, 20 Nov 2016 06:52:22 GMT

Agree with the other posters as well

Re: About getting approved for a BestBuy CC

cship10 — Thu, 01 Dec 2016 23:59:15 GMT

I just wanted to mention, I have a very high number of inquires... 70 and my imac crashed from a power surge. Had been denied by best buy twice applying online. While I as at the store, they asked and I said sure, whats one more inquiry at this point. My score on equifax is 750, and it came up with an instant approval for 4k, asked if I wanted visa or store card. I would have to say they always denied previously for inquires and was shocked with approval!

Re: About getting approved for a BestBuy CC

rmduhon — Fri, 02 Dec 2016 00:14:11 GMT

Hubby was approved in store with ~670 score and about 12 inquiries (15ish if you count the auto ones separately). SL 2500

Re: About getting approved for a BestBuy CC

805orbust — Fri, 02 Dec 2016 02:51:53 GMT

Yeah, I was approved the day before Thanksgiving for the BBY visa with a 695 TU and 21 inq's. Dang car dealers

Re: About getting approved for a BestBuy CC

gibeon — Fri, 02 Dec 2016 03:46:03 GMT

Got approved in store for BB Visa even after a recent online denial. 650's Ficos at the time, and at least 30 inq's on whatever CR they pulled.

Also got a mailer for Diamond Preferred shortly after, approved for $5k after address verification (they had sent it to my old address a few months after I had moved).

Best Buy is definitely easier to get in store while you're buying something.

Re: About getting approved for a BestBuy CC

Anonymous — Sat, 03 Dec 2016 03:38:18 GMT

From my own personally experience on Thanksgiving when I was approved, I had scores in the low 700s across the board. I also have a handful or two of inquiries but they didn't reject me