topic Re: Best Buy Citi Questions in Credit Cards

Best Buy Citi Questions

Anonymous — Fri, 13 Sep 2013 11:00:54 GMT

I started with RZMC (HSBC) a few years ago, now that Citi owns them I'm wondering how they work thier CLI's. Do you have to request them and then chance a hard pull or do they regularly review it for an automatic one. Also from what I read here they are not bk friendly, should I expect them to start CLD me as I have one on my cr from 2009?

Re: Best Buy Citi Questions

BearsAndTurtlesRtheBest — Fri, 13 Sep 2013 16:23:54 GMT

They do auto cli, and so far some recent cli with citi bank have been HP, On which CB is the BK on?

Re: Best Buy Citi Questions

Anonymous — Fri, 13 Sep 2013 21:17:48 GMT

It's on all 3 currently, fairly new, (2009), I have started to rebuild credit though with close to $21000 available thru different cards. Current utilization is around 5%, have not missed a payment on anything since the bk, CK score 665.

Re: Best Buy Citi Questions

BearsAndTurtlesRtheBest — Sat, 14 Sep 2013 01:01:48 GMT

Yeah if they do a HP then I would say it will be denied since its been 4 years.

Re: Best Buy Citi Questions

SuperKirby — Fri, 20 Sep 2013 20:21:45 GMT

I don't have a CMS. Anyone know if the new Best Buy Citi card reported a new TL? or did it backdate? Or still too early to tell...?

Re: Best Buy Citi Questions

Kratos-TM — Fri, 20 Sep 2013 20:24:24 GMT

It reported as Cap One Best Buy with all the same info. It's as if nothing changed.

Re: Best Buy Citi Questions

SuperKirby — Fri, 20 Sep 2013 20:29:50 GMT

@jarroldharrell1 wrote:
It reported as Cap One Best Buy with all the same info. It's as if nothing changed.

Thanks. I think it's probably too early to tell...

Re: Best Buy Citi Questions

Kratos-TM — Fri, 20 Sep 2013 21:35:14 GMT

Well I hope we don't get a completely new TL and mess up our AAoA's, plus ding our score some more because it's a new TL!!!!!!!!!

Re: Best Buy Citi Questions

sccredit — Fri, 20 Sep 2013 22:07:13 GMT

Some people have had good luck a few years out of BK with the Citi HD card, maybe the BB card will be similar.

Re: Best Buy Citi Questions

Anonymous — Sat, 21 Sep 2013 00:14:13 GMT

Re: Best Buy Citi Questions

Anonymous — Sat, 21 Sep 2013 17:10:11 GMT

This concerns me as well. I received the following notice from Equifax Credit Watch on 9/18 - "Comments on your account changed from Charge , Amount in H/C column is credit limit to Account transferred or sold , Charge , Amount in H/C column is credit limit , Trsf/Sold" My CL on that TL was $4800 (with no balance) and now my utilization % is higher. I don't have a new TL from Citi yet, but really don't know what is going to happen. Surely the people at the credit bureaus are smart enough to not lower someone's score because of simple account sales / transfers between banks like this one?

Re: Best Buy Citi Questions

SuperKirby — Sat, 21 Sep 2013 17:49:14 GMT

@Anonymous wrote:
This concerns me as well. I received the following notice from Equifax Credit Watch on 9/18 - "Comments on your account changed from Charge , Amount in H/C column is credit limit to Account transferred or sold , Charge , Amount in H/C column is credit limit , Trsf/Sold" My CL on that TL was $4800 (with no balance) and now my utilization % is higher. I don't have a new TL from Citi yet, but really don't know what is going to happen. Surely the people at the credit bureaus are smart enough to not lower someone's score because of simple account sales / transfers between banks like this one?

Does your high UTIL reflect exactly $4800 CL-less?

do you have a CMS to read your reports?

Re: Best Buy Citi Questions

Anonymous — Sat, 21 Sep 2013 18:01:14 GMT

Hey guys I just bought a TV on my BB Citi card, plan to pay it off in about two months. Should I go ahead and close my account before the new TL opens? I really don't want the TL ding and AAoA killer for no good reason!

Re: Best Buy Citi Questions

Anonymous — Sat, 21 Sep 2013 18:19:30 GMT

Yes it does. I have a one year free subscription to Equifax Credit Watch which enables me to pull my credit report (but not score) as many times as I want within a year for free. An insurance company I had applied with had their IT systems compromised and gave all of their applicants the free Equifax product as a precaution in case some of our personal information had been stolen.

Re: Best Buy Citi Questions

Anonymous — Sun, 22 Sep 2013 13:51:22 GMT

Bump - Is there anyway we can sticky this temporarily?

What is the consensus, are most people cancelling?

Re: Best Buy Citi Questions

azguy13 — Sun, 22 Sep 2013 13:58:36 GMT

I jsut closed mine the other day. My DW asked for a CLI in case we needed to buy all new appliances after our home sells. I dont like using more than 50% of the CL so I requested $9K which was a $5,700 CLI. I knew I wouldnt get it all but tried anyways. Anyways, they approved her (I did all the work since my DW is not involved in the credit world like I am) for $4K which was a $700 CLI. I said no thanks and closed the account. I do not need a card I never use to put a new TL on my or my DW's CR.

I do not regret it at all. I just hope I caught it in time

Re: Best Buy Citi Questions

Mike360 — Sun, 22 Sep 2013 17:22:34 GMT

@Anonymous wrote:
Hey guys I just bought a TV on my BB Citi card, plan to pay it off in about two months. Should I go ahead and close my account before the new TL opens? I really don't want the TL ding and AAoA killer for no good reason!

Too late. Once you activate the card it's too late. Best to just keep it and use the full promo. For the future remember that once you activate a credit card it's going to report to the credit agencies.

Re: Best Buy Citi Questions

09Lexie — Sun, 22 Sep 2013 17:25:42 GMT

This is not always the case. Some lenders report before the card actually arrives, BoA, Barclays and GE cards.

Re: Best Buy Citi Questions

Peter1142 — Sun, 22 Sep 2013 18:03:21 GMT

Still no new TL for Citi, despite it should have reported for me a few days ago.

I'm pretty sure it will have the backdated TL date (the date of the Cap1 BB open.) Which still sucks for me, as it is way below my AAoA. If they report a new date I will call to complain and if it doesn't work I will dispute. If I am going to have a new TL it is not going to be a chitty $500 BB card.

It is too late to cancel and make it go away. It is still going to report this latest month. All you will get is a closed TL report with 1 month activity. Might as well keep it open.

Re: Best Buy Citi Questions

Anonymous — Sun, 22 Sep 2013 19:59:32 GMT

I sent a secured email and asked

"Hi,
With the new acquisition of the Best Buy cards, will you be
backdating the TL to when I first opened the account?"

Response:

"Yes, all account history and information was transferred to Citibank. Once your
first statement with Citi is processed the credit bureaus will receive updated
information and will show the account under Citi.

Please let us know if we can be of further assistance."