topic Re: What would you do about this (best Buy) in Credit Cards

What would you do about this (best Buy)

Anonymous — Sat, 13 Mar 2010 18:39:03 GMT

I want to get a best buy store card. I went thru the pre approval and was not approved. I was approved for a HSBC card. If I was to open an HSBC card and wait say 6months or so do you think that then I might have a chance at BB?

Any Input would be great.

I have the following cards, cashrewards $6000, Flagship $1000, Berkeley (priceline) $1000 Lowes $500 Walmart $900 JcPenneys $800 and 2 FP cards one for $575 and other $475. Perfect credit for the last two years. Scores I have never pulled

Re: What would you do about this (best Buy)

Anonymous — Sat, 13 Mar 2010 18:55:42 GMT

I would recommend pulling your scores to just see where you stand. I jsut got a best buy card with my EX score of 698.

Re: What would you do about this (best Buy)

BabyBlue — Sat, 13 Mar 2010 19:24:31 GMT

Re: What would you do about this (best Buy)

Anonymous — Sun, 14 Mar 2010 00:58:48 GMT

Which HSBC card were you approved for?

Re: What would you do about this (best Buy)

Anonymous — Sun, 14 Mar 2010 13:16:18 GMT

@Anonymous wrote:
I would recommend pulling your scores to just see where you stand. I jsut got a best buy card with my EX score of 698.

You really should pull your scores. And there's lots of help for you on these boards to tweak them higher once we know what's going on with them.

Re: What would you do about this (best Buy)

Anonymous — Sun, 14 Mar 2010 13:50:39 GMT

You can have mine. Highest prices in the electronics business and highest interest in the credit card business.

Re: What would you do about this (best Buy)

tianapb725 — Sun, 14 Mar 2010 14:01:08 GMT

They definitely have the highest interest rate, but they run really good promos. Right now it's 18 months no interest, when I bought my TV, it was 24 months.

I did however just pay off my BB Card, which had a balance of $2500 and it was such a great feeling!

Re: What would you do about this (best Buy)

DrSmoke — Sun, 14 Mar 2010 16:27:09 GMT

I have a feeling that when you apply for the BB card in 6 months, you will get rejected for having too many HSBC accounts open. At least that has been my experience in a simular situation...but I forget the store at this time.

Re: What would you do about this (best Buy)

Anonymous — Sun, 14 Mar 2010 17:30:05 GMT

At this time I do not have any HSBC accounts.

Re: What would you do about this (best Buy)

Breakthecycle2 — Sun, 14 Mar 2010 19:29:43 GMT

I just got a Best Buy store card with a fico of 645ish. I also have an Orchard card that i have had for over year. I also had a charge off that is paid.

Re: What would you do about this (best Buy)

blacklotus — Sun, 14 Mar 2010 19:37:04 GMT

Hi.

I would definitely agree to pull your Fico scores first. One thing to check is how many "hard" inquiries you have because that is a major factor for denial. If you really want a BBRZ card I would definitely check to see when your hard inquiries will "fall off"- for instance if you got all those department store cards all at once all those inquiries are probably still on your CR.

Once they fall off then reapply and you'll probably get it- only bad thing is you have to wait a few months to a year. IMHO

Another observation is I notice you already have some decent CL so I wouldn't worry too much about having to wait. I have also read some people here who have good luck calling the credit card company directly. IMHO

Hope this helps!