Best Buy Store Card

[Anonymous]

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@afbar1114 wrote:

yes it is because i have the plan b store card and i plan on closing after paying my macbook off...i took the 18months 0% apr to pay it but i plan on paying it off in more like 4 months if not sooner

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Any reason you are closing it?  I thought usually having a good tradeline like that open helps your score, not to mention the extra credit available.

[afbar1114]

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@Anonymous wrote:

Awesome, thank you very much.  As soon as EQ reports my lower CC balance (sometime shortly after 3/3), I will be headed back to Best Buy to apply.

Does anyone know what is up with Best Buy cards currently, since HSBC is being purchased by Capital One?

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a word of advice that if you cant get any store card Plan A or Plan B. do not get BBRZMC... when doing a recon some prime banks dont like seeing an opened HSBC card on a credit report. when i tried to do a recon with BofA . the CSR asked me only about FP and BBRZMC and said we dont like seeing those cards on the account because they know people with bad credit get those cards. 

[afbar1114]

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@Anonymous wrote:

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@afbar1114 wrote:

yes it is because i have the plan b store card and i plan on closing after paying my macbook off...i took the 18months 0% apr to pay it but i plan on paying it off in more like 4 months if not sooner

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Any reason you are closing it?  I thought usually having a good tradeline like that open helps your score, not to mention the extra credit available.

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i am closing it because i will never get CLI for the card i am on plan B as well for the store card and i am getting prime cards like amex and chase

[Anonymous]

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@afbar1114 wrote:

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@Anonymous wrote:

Awesome, thank you very much.  As soon as EQ reports my lower CC balance (sometime shortly after 3/3), I will be headed back to Best Buy to apply.

Does anyone know what is up with Best Buy cards currently, since HSBC is being purchased by Capital One?

---

a word of advice that if you cant get any store card Plan A or Plan B. do not get BBRZMC... when doing a recon some prime banks dont like seeing an opened HSBC card on a credit report. when i tried to do a recon with BofA . the CSR asked me only about FP and BBRZMC and said we dont like seeing those cards on the account because they know people with bad credit get those cards. 

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Wow, pretty crazy that they would look down on that, even if it is a good tradeline.  Maybe that means you once had bad credit, but they can see your current credit you'd think and would care more about that?

Anyway, I have no intention of accepting anything besides the regular store card.  If they can't approve me for that, I will just be paying cash.

[afbar1114]

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@Anonymous wrote:

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@afbar1114 wrote:

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@Anonymous wrote:

Awesome, thank you very much.  As soon as EQ reports my lower CC balance (sometime shortly after 3/3), I will be headed back to Best Buy to apply.

Does anyone know what is up with Best Buy cards currently, since HSBC is being purchased by Capital One?

---

a word of advice that if you cant get any store card Plan A or Plan B. do not get BBRZMC... when doing a recon some prime banks dont like seeing an opened HSBC card on a credit report. when i tried to do a recon with BofA . the CSR asked me only about FP and BBRZMC and said we dont like seeing those cards on the account because they know people with bad credit get those cards. 

---

Wow, pretty crazy that they would look down on that, even if it is a good tradeline.  Maybe that means you once had bad credit, but they can see your current credit you'd think and would care more about that?

Anyway, I have no intention of accepting anything besides the regular store card.  If they can't approve me for that, I will just be paying cash.

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FICO scoring doesnt care about who the bank is. but banks care when doing a manual review of your credit. 

[Mike360]

I got the store card on black friday and yes they still offer it. I know they pull EQ. I don't know req. for the store card but mine was @ 740 at approval time. I was denied the card 2 years prior with a score of 640. They don't like alot of new accounts or inq.

[afbar1114]

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@Mike360 wrote:

@I got the store card on black friday and yes they still offer it. I know they pull EQ. I don't know req. for the store card but mine was @ 740 at approval time. I was denied the card 2 years prior with a score of 640. They don't like alot of new accounts or inq.

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i got the card with like 10 new accounts in the past 8 months and about 15 inqs on EQ

[Anonymous]

Haha, two different experiences.  Oh well, only one way for me to find out.  The good news is they clearly pull EQ, which benefits me greatly.  I have a lot of inquiries from January, but they are all within 2 days and all for auto loans, which I know FICO should score as just one.

[Anonymous]

So I got impatient and pulled my current EQ this morning.  It jumped all the way up to a 676!  That is with one CC at $5/$500 and the other at $291/$500 for a total utilization of 30%.  Is this score high enough to get approved do you think or should I still wait a week or two until my other CC payment reports the second card down to $0?  Thanks!

[afbar1114]

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@Anonymous wrote:

So I got impatient and pulled my current EQ this morning.  It jumped all the way up to a 676!  That is with one CC at $5/$500 and the other at $291/$500 for a total utilization of 30%.  Is this score high enough to get approved do you think or should I still wait a week or two until my other CC payment reports the second card down to $0?  Thanks!

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your score maybe fine... i around that when i got the card