best buy store credit card?

Where you can talk about store credit cards, like gas station cards, department store cards, etc.
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KC95
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best buy store credit card?

Postby KC95 » Wed Apr 23, 2008 3:00 pm

anyone have any experience with this? my buddy got one to buy a plasma tv because of the 0% apr on it but i don't get why you just wouldn't do that with normal 0% apr credit cards instead from visa or mastercard or something.


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fffresh
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Postby fffresh » Sat Apr 26, 2008 9:23 pm

Store credit cards make absolutely zero sense to me. You're always better off juts going with normal credit cards. I read the article on here and I think that nailed it on the head. Unless it's a store that gives a crap load of coupons or special sales for cardmembers there's no point in having their card at all.

Glasgow
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Postby Glasgow » Mon Apr 28, 2008 10:42 pm

Not sure but I think Chase/Visa issues the Best Buy card so you can probably use it anywhere.

bikermike
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Postby bikermike » Wed Apr 30, 2008 1:47 am

What kinds of credit lines does the Best Buy card give you anyway? It better be a lot if they expect you to buy pricey flat screen tvs and other gadgets with it!!!

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fffresh
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Postby fffresh » Fri May 09, 2008 6:24 pm

and what's the interest rate on the Best Buy credit card AFTER the promo rate ends. I bet it's sky high.

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Postby Sttngboy » Sat Nov 01, 2008 12:51 am

Glasgow wrote:Not sure but I think Chase/Visa issues the Best Buy card so you can probably use it anywhere.


HSBC actually issues the Best Buy card.

AnthonyBarone
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Postby AnthonyBarone » Sat Nov 01, 2008 8:38 pm

HSBC has bought up a bunch of them store credit cards last few years. That seems to be the new thing they got going on is store cards.

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Mogul of Pineapples
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Postby Mogul of Pineapples » Mon Nov 03, 2008 3:08 pm

AnthonyBarone wrote:HSBC has bought up a bunch of them store credit cards last few years. That seems to be the new thing they got going on is store cards.


I bet HSBC is regretting that now. Store credit cards on average tend to have the customers with the lowest credit scores. With the high unemployment they are seeing a lot of defaults on store cards. Their losses are minimized though since those cards also tend to have lower credit limits too.
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