Citi Announces U.S. Credit Card Agreement with Best Buy - NO MORE Crap One!!

[WhiteCollar]

Citigroup will enter into a strategic agreement with Best Buy to issue and manage Best Buy-branded cards in the United States. In addition, Citi also reached an agreement with Capital One Financial Corp. to acquire approximately $7 billion of Best Buy private label and co-branded card loans.

http://www.marketwatch.com/story/citi-announces-us-credit-card-agreement-with-best-buy-2013-02-19

[john398]

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@WhiteCollar wrote:

Citigroup will enter into a strategic agreement with Best Buy to issue and manage Best Buy-branded cards in the United States. In addition, Citi also reached an agreement with Capital One Financial Corp. to acquire approximately $7 billion of Best Buy private label and co-branded card loans.

http://www.marketwatch.com/story/citi-announces-us-credit-card-agreement-with-best-buy-2013-02-19

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Wow this card went from Chase to HSBC to Capital 1 and now to Citi, its really moving around a lot

[bs6054]

And:

http://www.washingtonpost.com/business/economy/capital-one-sells-best-buy-credit-card-portfolio-to-c...

So, what is Cap One going to do with the money....

[lithium78]

Nice!  Citi would look a lot better on my credit report than CapOne.  I wonder if Citi believes in CLIs?

[LS2982]

When is this supposed to be in effect?

[bs6054]

Expected to close 3Q

[toppers555]

So perhaps I will not close this card in April. Now...

[Mike360]

Don't get your hopes up. When HSBC sold to Capital One nothing changed and i doubt it will with Citi. 

[afbar1114]

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@Mike360 wrote:

Don't get your hopes up. When HSBC sold to Capital One nothing changed and i doubt it will with Citi. 

 my HSBC/BBY closed and new account opened under CAP1/BBY

read it wrong but who knows cap1/hsbc arent the greast cards any ways maybe citi will caugh caugh help!?!?!

[BearsAndTurtlesRtheBest]

Hmmm it would be even better! if GE took over the best buy cards!! JUST IMAGINE, yes buuuuut Citi isnt that bad, way more beter than HSBC and Capital One.