topic Re: Best Buy MasterCard Approval - and question in Credit Cards

Best Buy MasterCard Approval - and question

l-turner — Tue, 29 Jun 2010 16:18:47 GMT

Thanks everyone I just received my first non secure credit card from Best Buy, it's the regular credit card that everyone seems to be apporved for lol I got approved for 100.00 Credit Limit - LOL

1. Should I ask for a Credit Increase once I activate the card?? I heard some people find this method to work, I think 100.00 is alittle low LOL.

2. I received an email saying that if I spend over 1000 dollars by August 16, 2010 I will be updated to a silver member, and I'm wondering should I use the credit card then pay on it immediately untill I reach 1000 dollar sif it means my card gets updated anybody have any knowledge of this offer???

Re: Best Buy MasterCard Approval - and question

Woolfman — Tue, 29 Jun 2010 16:25:57 GMT

i dont know about the offer but the silver member just means you earn more reward points per dollar. It Doesnt effect the card in any other way . As far as CLI , Good luck dont hear about many being successful in that area . i have a 750 cli with them and so far with putting over 1k a month thru the card . I have yet to see an increase. But no biggie for me . the extra 200 dollars to spend at BB for christmas will be helpful !

Re: Best Buy MasterCard Approval - and question

Gibran — Tue, 29 Jun 2010 16:42:06 GMT

HSBC isn't the greatest when it comes to giving CLI's, but it won't hurt to inquire. They may boost you up to $300 - $500..Never hurts to ask

Re: Best Buy MasterCard Approval - and question

l-turner — Tue, 29 Jun 2010 16:46:12 GMT

Yeah that's what I was thinkin gmy highest limit card is 300 CL with U.S. Bank(secured) I was goin gto see if they can atleast boost me up to 300.00 if anything.

I would hope for 500.00 cl but that's a long shot. after this card start reproting I'm going to wait 6 months and then ask for maybe a unsecured Credit Card from my CU, I just started receiving credit I'm 20 years old so I heard 3 Credit Card is a good start. I have two years to up my Credit scores before I look fo ra house so I think I'm good fo rnow.

Oh and thank you wolfman I thought it was an update of card not just reward points, I would think it may still be good to look into concerning the 1000, fo rmore points may be getting cellhpone soon be nice to use some reward points on the purchase.

Re: Best Buy MasterCard Approval - and question

Anonymous — Tue, 29 Jun 2010 16:47:24 GMT

They won't give it to you, I tried the same thing with the same $100 limit. They read you some bullcrap line about how they aren't offering increases now but if you use your card responsibly you might get an automatic increase at some time in the future.

They're also going to try REALLY REALLY hard to sell you credit monitoring when you activate. You're gonna say no and they're just going to keep pushing until they piss you off.

Re: Best Buy MasterCard Approval - and question

l-turner — Tue, 29 Jun 2010 16:55:35 GMT

Really ostriches, I'm waiting on ym card in the mail right now, I peeped their sticklers cause they made me verify information twice before they apporved my account even though they said I already had the card.

Hows using your card going so far??

yeah I bet they give me and automatic increase after 6 months of repsonsible use, I wonder if the more I spend on the card the more thye'll increase once the time comes Im guessing.

Re: Best Buy MasterCard Approval - and question

Anonymous — Tue, 29 Jun 2010 17:00:17 GMT

It's good once you get it activated. Theres an option to request a credit line increase online but it'll throw this error up: We are currently not accepting Credit Line Increases online. We apologize for any inconvenience.

I've had the card for two weeks now. Other then the hassle at activation I have no complaints, yet.

Re: Best Buy MasterCard Approval - and question

Gibran — Tue, 29 Jun 2010 17:09:57 GMT

I haven't had any complaints with mine either, I use it quite a bit. I'm actually going to close my HSBC Plat. card (just can't get with the $59 AF on a $500 CL), it served it's purpose. At least my BBRZMC doesn't have an AF..

Re: Best Buy MasterCard Approval - and question

Anonymous — Tue, 29 Jun 2010 17:58:45 GMT

Don't expect to get any CL increases as HSBC keeps pushing back the date on when they will start considering them again. The last answer given was this summer, but now they say Fall. Truth be told, doubt any of their CSRs know and are just told to sell you Credit Keeper and ignore everything else.

Use it as a means of building up your credit to aqcuire better cards than once it's served it's purpose, cancel it.

Re: Best Buy MasterCard Approval - and question

l-turner — Tue, 29 Jun 2010 18:10:01 GMT

Seriously, ahh man that sucks 100.00 is low man, LOL its okay it is a starter card and with two credit card showing up and my utlization kept low I should be good to go.

Yeah I need to reach 680 in a year of my US bank card so I can get upgraded to a flexpay card if applicable.

Thanks, it seems the best buy card is still a good card for a 20 year old like me just establishing credit. I wish it grew wih me bu ti'll just enhance my bluray library with 4 % bonus

Re: Best Buy MasterCard Approval - and question

bakalao2k — Wed, 30 Jun 2010 00:40:28 GMT

I wonder how much luck you have with getting the store card. I bet they would give you more than a $100 limit.

Re: Best Buy MasterCard Approval - and question

Anonymous — Wed, 30 Jun 2010 00:54:42 GMT

@bakalao2k wrote:
I wonder how much luck you have with getting the store card. I bet they would give you more than a $100 limit.

From reading the forum, it appears it is harder to get the store card than the Mastercard. In my personal experience, I was approved for my first BB store card with a $800 limit while my RZMC was approved a month later with a $4000 limit.

Re: Best Buy MasterCard Approval - and question

l-turner — Wed, 30 Jun 2010 13:26:27 GMT

HAHAHA No My equifax just rose with the reporting of my usbank card LOL to 625 - Fico don't know how much my transunion went up (gonna wait awhile to get it when both cards are reporting)

Statement date is the 17th for the Best Buy credit card, I guess 500 dollars of purchases gets you a free 20.00 gift card, I guess that's decent.

I just received my card yesterday, and was told they are not doing CLI AHHAAH, but just like someone said they harrassed me to death for this score watch thing which they said was like 1.39 or something.

I just hope after awhile my CL increases, just focusing on getting my Util below 10%

well not even making sure evrything reprots a zero balance

Usbank got me when my credit card was sent to me the day before the statement cuts and I used it the next day so the statement cut for that amount, but its okay the reporting of the card still made my score jump

Re: Best Buy MasterCard Approval - and question

haulingthescoreup — Wed, 30 Jun 2010 17:27:01 GMT

Heck, just make it your gas card. Buy a tank of gas, and as soon as the charge appears online, pay it off. Think of it as a sluggish debit card: just use it for something that you have money in the bank for, and keep knocking the balance down to $0 right after every use.

It's obviously going to be tricky keeping $9 or less reporting on a $100 CL card, plus HSBC/ Orchard bank cards are notorious for being slow to update, occasionally skipping months entirely, so I'd plan on having this one always report $0. Just let it build up history, adding month after month of no negatives. It'll do its job for you over time. And who knows, maybe this kind of usage will result in a CLI one day.

But I'd definitely keep this one a PIF-before-statement card.

Congrats on the nice start on improving your credit profile!

Re: Best Buy MasterCard Approval - and question

Anonymous — Thu, 01 Jul 2010 06:34:25 GMT

I have another HSBC product and ran into the same error online. Ran into a similar roadblock when I tried to do it over the phone; customer service told me that HSBC is not increasing any credit limits on any product until September.

Re: Best Buy MasterCard Approval - and question

-Furbz- — Fri, 03 Sep 2010 21:30:52 GMT

hopefully hsbc gets their act together and starts doing cli soon- i have 2 cc's with them (orchard & bbrz) and if come may orchard has not increased the cl then that cardwill be going to the waste basket per the annual fee

BBRZ will be active as it has no AF

Re: Best Buy MasterCard Approval - and question

laz98 — Fri, 03 Sep 2010 21:58:43 GMT

@-Furbz- wrote:
hopefully hsbc gets their act together and starts doing cli soon- i have 2 cc's with them (orchard & bbrz) and if come may orchard has not increased the cl then that cardwill be going to the waste basket per the annual fee

i hear ya. my orchard only has a $700 CL, but a $79 AF!!! that thing is sooooooo going in the trash in november. it's ridiculous.