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Hi everyone
Ive been trying to find out when Citibank took over the BestBuy cc portfolio. It looks like they got it from Capital One who in turn had gotten it from HSBC.
Any help with this timeline would be greatly appreciated
This older article might help.
TY Finstar
Brings back memories. HSBC was pretty much pushing Best Buy cards as sub prime cards. I got a Best Buy Mastercard in Oct. 2011, just 9 months after my BK7 discharge, a whopping $500 CL with a $59 annual fee, but I was happy to get it, as I recall I responded to a pre-approval mailer. Cap One doubled it to $1k CL by calling in and asking, I should have asked Cap One to remove the AF, they might have done it. I got it doubled to $2k CL under Citi by apping and taking the HP. But by 2015 I had rebuild enough that I was no longer willing to pay the AF and called a couple of the backdoor numbers trying to get it removed, the answer I always got was "if a card has an AF it will always have an AF", so I finally told them "well, this card will no longer have an AF, close it effective immediately".
But all's well that ends well. My very first CC after BK was an Orchard secured card, which Cap One also bought. I had avoided any creditor I had included in BK, figured they would never approve me again. But then I found MyFico and read how forgiving Cap One is and app'd for a Quicksilver card after I had closed Best Buy. I nearly fell out of my chair when they instantly approved me for a $10k CL, the Orchard & Best Buy post BK positive Cap One tradelines probably helped.
Thank you for the link.