topic Re: Heads Up on Best Buy CL in Credit Cards

Heads Up on Best Buy CL

Anonymous — Fri, 25 Apr 2008 20:57:22 GMT

Has anyone had this kinda experience from BB after CR approval CSR told me that Best Buy has 2 credit plans as follows: 1-CL $8002 if used within 14 days you could double your purchase amount up to 16K, If you had a CL $10002 it would double to $20K if used within 14 days. I called BB talked to CSR he confirmed the same thing the store CSR said basiclly BB credit is setup on a two Tier system I am assuming the Tiers are split at some point on your credit score. I do not have any facts just a educated guess. May be of some interest to others.

Message Edited by credit08 on 04-25-2008 01:57 PM

Re: Heads Up on Best Buy CL

haulingthescoreup — Fri, 25 Apr 2008 22:10:13 GMT

Is this the store card or the MC? and I'm confused about the $8,002 and $10,002 CL's. Although I suppose it's not any stranger than my $1,212 Sears MC CL.

I've got a tier A store card, and there was no mention of this.

Re: Heads Up on Best Buy CL

Anonymous — Fri, 25 Apr 2008 23:59:12 GMT

Okay this is what I got the best buy store card Tier 2 CL 8002 correlates to 8000 x 2 =16K - or you can get theTier 1 CL 10002 x 2 =20K will apply if either is used within the 14 day time frame. The Rewards Zone MC I have has a standard revolving CL of 10K.

Message Edited by credit08 on 04-25-2008 04:59 PM

Re: Heads Up on Best Buy CL

haulingthescoreup — Fri, 25 Apr 2008 22:23:50 GMT

You've lucked into something good, then! I just got off the phone, and the CSR told me that BB cards aren't eligible for a CLI for 45 days. I like your CSR better than mine!

Re: Heads Up on Best Buy CL

Anonymous — Fri, 25 Apr 2008 22:31:51 GMT

Sorry to here that it"s kinda like rolling the dice you never know until you do. The thing that I realized, when it comes to dealing with people your outcome sometimes has a lot to do with what kinda day that person you are talking to is having that day.

Re: Heads Up on Best Buy CL

Anonymous — Sat, 26 Apr 2008 01:04:56 GMT

What is the usual opening CL on a new Best Buy account? I want a plasma TV.

Re: Heads Up on Best Buy CL

Anonymous — Sat, 26 Apr 2008 01:15:55 GMT

Good question I would like to know what the usual CL would be too maybe some of the other guys on the forum may know the answer to this and share it with us. Thanks for the reply

Re: Heads Up on Best Buy CL

Anonymous — Sat, 26 Apr 2008 01:24:03 GMT

Hey Hauling did you mean that you have a Best Buy A Tier card or is it from another retailer.

Re: Heads Up on Best Buy CL

haulingthescoreup — Sat, 26 Apr 2008 01:28:29 GMT

My son had scores around 710 (they pulled TU on him) when he apped last Thanksgiving, but he's young and had a thin file, with old lates on one account. He got $1000, although I think that they've raised it since then.

I have EQ 702 when I ummm, accidentally applied the other night. I have multiple, mostly minor lates, with one 30-60-90 that is over 2 years old and low util. I got $2500 on the store card.

One nice thing about store cards for electronics and home building supply stores is that since their toys are expensive, they tend to authorize higher CL's. This is on store cards, not necessarily on co-branded store/bank cards.

I think I've read posts about $1K CL's with 660's and so, depending on what's going on with reports. Check out whogavemecredit.com, although it can be hard to untangle the store cards from the MC's.

edit to add: it's Tier A with BB store card. I had no clue which I had, but they told me my CL (typical wacko store card CL, 20-point-something.) I hunted down the terms and conditions, NOT EASY!, and it said that Tier A is prime plus 14-something, so I figured it out that way.

BTW, the difficulty in finding the T&C's online is a bad omen for how HSBC works! Secretive little buggers.

Message Edited by haulingthescoreup on 04-25-2008 06:28 PM

Re: Heads Up on Best Buy CL

Anonymous — Sat, 26 Apr 2008 01:35:05 GMT

Got Ya good strategy if you are selling expensive merchandise I can see to were its in there best interest to give you ample buying power. Its puzzling to me how the whole credit thing works some people gets more than others while at times it seems scores, income, etc... has very little bearing on who gets what and how much they get . whats your thoughts on this.

Re: Heads Up on Best Buy CL

thotgal320 — Sat, 26 Apr 2008 02:38:35 GMT

The 2 at the end has to do with your GOOD credit. It's not something Best Buy always did. It allows you for a limited time to use twice as much. As far as the Reward Zone MC you can use that anywhere earning double points BB then sends you certificates. With this card however you can not get the financing offers. Example, you buy a Plasma tv and this week 18 months financing and thats what you want you will not be entitled to that with the RZMC.

Now with the BB card you do qualify for financing however, if you join the RZ program (separate card and yes its free) you don't get the double points. For every $250 you spend you get $5 back in certificates of course. So it depends on what your getting and what card would be better for your needs.

If you credit is not so good you can still get approved for a RZMC but there will be a $59 processing fee. If you get declined of course we know what that means. HSBC is the bank BB uses in case anybody was wondering. So there is a card at Best Buy for all it's just a matter of picking which one you want.

Re: Heads Up on Best Buy CL

Anonymous — Sat, 26 Apr 2008 03:35:07 GMT

Glad to hear from you cool information just curious if Best Buy would double your buying power for a limited time why not double CL from acct opening. Secondly say you were approved for 8000 and you purchased 16000 then they would have to change CL or you would exceed your limit by double. I guess the catch is for you to spend 16K then they would not mind rather than you just sit on that much of unused CL.

Re: Heads Up on Best Buy CL

granny031350 — Sat, 26 Apr 2008 12:57:44 GMT

I was approved for 600 on Thursday but it said Plan B on my approval. So I am sure mine was not one of those doubled. However, I did get my new TV on a same as cash program, so no interest for a few months, which is nice.

Re: Heads Up on Best Buy CL

haulingthescoreup — Sat, 26 Apr 2008 13:54:51 GMT

@granny031350 wrote:

I was approved for 600 on Thursday but it said Plan B on my approval. So I am sure mine was not one of those doubled. However, I did get my new TV on a same as cash program, so no interest for a few months, which is nice.

Congrats! Just don't forget to keep an eye on the util on that card. Always the thing we forget about on 0% APR offers!

Re: Heads Up on Best Buy CL

granny031350 — Sat, 26 Apr 2008 15:12:01 GMT

thank you Hauling. This card never would have been approved just a few months ago. My score has taken some hits lately for the inquiries. But after I got my new TV I went to Comcast and upgraded to an HDMI box. Today on Tru Credit, there is a hard inquiry from comcast. That didn't help my score either. My util is high but my goal is to have all my cards at zero balance by end of July. I tried with CorTrust but as I stated in my other post, they changed my payoff amount so I have a 5.00 balance that will report instead of zero. I will get it PIF by next statement though. My goal was to have 2 cards show zero each month and increase it by 2 more cards the next month. I will be discharged from my chapter 13 in July and in August, I want to buy a house.

Re: Heads Up on Best Buy CL

haulingthescoreup — Sat, 26 Apr 2008 16:00:40 GMT

I think I first started seeing your posts on BK, where I don't visit that often, as I'm pretty clueless. You've come a long way!

Were you already a customer of Comcast, and they harded you for HD? That's harsh! but you'll love your new picture. DH is completely addicted now, and he pouts like a two-year-old when something isn't broadcast in HD.

I now have 3 cards with 0% initial APR for purchases, but I'm so allergic to util that I don't know if I'll ever be able to force myself to take advantage.

Re: Heads Up on Best Buy CL

Anonymous — Sat, 26 Apr 2008 22:07:02 GMT

Look what all you folks made me do.

First, I headed to Laughlin NV this AM with 20,000 other motorcycles and 30 miles out a valve started hitting in my bike pretty hard so I begged off from my troups and turned back for Vegas. Drove straight to the shop and they put my bike on the rack right away and told me "4 hours".

Did all my chores last night so I could ride today and hike tomorrow; plans fouled. What to do?! I know! I'll read this post then run down and look at silly TVs at Best Buy. 'subliminal subbliminal...

Here I am back at the house with a $750 CL "B" card thing from Best Buy.

I'm like Hauling. I'm alergic to UTL but have been shopping these things for awhile. I really do want one. I've got some cash but not nearly enough. Anyway, what is $750 going to do towards a new 50 inch plasma, HDMI cable and a Blu-Ray disc player? What did I do you may ask? I left the store. At first I was a tad miffed that I didn't get enough to set myself up then patted myself on the back for walking away. I figure it cost me a hit to increase my TL by 37%. I sure don't need anything else from Best Buy. Oh well. Now I'm sitting here with a grin just being grateful in knowing that I knew I was going to be able to get the credit when I walked into the store and that's a nice feeling after all some of us have been through.

Message Edited by beenthere on 04-26-2008 03:07 PM

Re: Heads Up on Best Buy CL

Anonymous — Sat, 26 Apr 2008 22:39:26 GMT

Yep been down that road before myself waiting often times pays big dividends with luck you can land a sweeter deal. I saw you mentioned your motorcycle was down I used to ride sold bike a year ago itching to get another one.

Re: Heads Up on Best Buy CL

Anonymous — Sat, 26 Apr 2008 23:12:14 GMT

Awesome Granny enjoy the new tv and the switch to comcast HD it"s always a good thing when you can use someones elses money for 6 mos for free!!. Thanks for your reply