Apple Financing vs. Best Buy?

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newbiecredit
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Apple Financing vs. Best Buy?

Postby newbiecredit » Sun Feb 26, 2012 1:42 am

what score is needed to get approved on barclay and best buy? im eyeing on a macbook ... not anytime soon but maybe like end of this year. ive had my credit history for a year and 1 month.. i have amex green, secured capital one (350 CL), secured wells fargo (300 CL), wells fargo (2,700 CL), walmart store cc (1,400 CL).

last time i applied the credit card was in december. im kinda contented but i want to purchase a macbook thru financing. unfortunately, the cards that i have dont offer financing. so im looking into barclay... or best buy store credit.. which is more easier to apply with my credit history for only 1 year.. i pay all my cards every month, never left any balance. help! suggestions?


dchepona
 
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Postby dchepona » Sun Feb 26, 2012 9:22 pm

Working at Best Buy I can tell you its not the easiest card to obtain, you want to be at least at a 650Fico. Theres 2 different cards one without an annual fee and one with a 59 anual fee. The one with the 59 annual fee is easier to get, but most of the time you re only approved for about $500. Hope that helps a little. BTW try to leave a little balance on your open accounts.

newbiecredit
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Postby newbiecredit » Mon Feb 27, 2012 2:01 pm

hmm.. yeah i heard that best buy gives small CL.. thats why im waiting a little bit til the end of this year at least.. i dunno how it is with barclay's financing though.. i hope its more lenient


logan|20
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Postby logan|20 » Mon Feb 27, 2012 6:58 pm

I was approved for the Best Buy card with a joke $300 limit, and $59 AF. I kept it open for maybe a month and a half. That was back in November I think. About two weeks ago I applied for the Barclay Financing card and was initially denied due to inquiries, but I called and did a successful recon. They asked me how much I wanted and gave me the limit I asked for!
American Express Zync | NPSL
BofA Cash Rewards | CL: $1K
Barclay Finance Card | CL: $1.7k
Amazon Store Card | CL: $1.5k
Credit Union Visa | CL: $1K
Capital One: Sony PlayStation | CL: $500

newbiecredit
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Postby newbiecredit » Tue Feb 28, 2012 11:32 pm

really logan20? best buy sucks then.. 300 limit with a big annual fee?!? dang! thats why i dont wanna go with best buy.. with barclay financing, i think theyre more lenient... so u got denied due to inquiries? but then u called and they approved you? i wanna buy a macbook pro end of this year and i wanna do a financing with them. how much limit did they give you?

logan|20
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Postby logan|20 » Wed Feb 29, 2012 6:14 pm

Yes, exactly. I appled online at Barclay's website, here: Apple financing and rewards from Barclaycard. - Apple Store (U.S.) and was initially denied for too many inquiries. I called the next afternoon and he asked a few question, like my income, my job, why I have so many card, to which I explained I use different cards for different purchases, and whether or not I'm in school, (which I am) he then asked me how much I wanted, and I should have said $2000, but in awe of him simply asking, I just threw out $1700. He then instantly approved it and I received my card about a week later. Barclay from what I have read is a great bank to recon with. Their CSR's are great.
American Express Zync | NPSL
BofA Cash Rewards | CL: $1K
Barclay Finance Card | CL: $1.7k
Amazon Store Card | CL: $1.5k
Credit Union Visa | CL: $1K
Capital One: Sony PlayStation | CL: $500

newbiecredit
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Postby newbiecredit » Sat Jun 02, 2012 8:16 pm

i just pulled the trigger for best buy store credit card. at first i was afraid that they will give me a 300... FYI best buy store credit card is now under capital one. i waited for a few seconds waiting for the sales guy to talk. was shocked they gave me 1,000 credit limit. yes! so immediately bought the macbook pro after i got approved. i just added coz it dint fit. gave me 18months financing 0 interest which is good. planning to pay it off in 6-8 months at least. best buy has good financing , anything over 429 is 18mos 0%. i went with best buy since they have 18 mod compared to barclay.. and barclay only has introductory financing for new card holders.. so i just tried best buy cc. i didn't do any inquiry for 6mos coz we were thinking of getting a car end of this yr.


MemberSince99
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Postby MemberSince99 » Sun Jun 03, 2012 7:03 am

newbiecredit wrote:i just pulled the trigger for best buy store credit card. at first i was afraid that they will give me a 300... FYI best buy store credit card is now under capital one. i waited for a few seconds waiting for the sales guy to talk. was shocked they gave me 1,000 credit limit. yes! so immediately bought the macbook pro after i got approved. i just added coz it dint fit. gave me 18months financing 0 interest which is good. planning to pay it off in 6-8 months at least. best buy has good financing , anything over 429 is 18mos 0%. i went with best buy since they have 18 mod compared to barclay.. and barclay only has introductory financing for new card holders.. so i just tried best buy cc. i didn't do any inquiry for 6mos coz we were thinking of getting a car end of this yr.


Congrats to you!

If you do go for Barclays, they may well initially decline you. But you can call and speak with a credit analyst and probably get a recon. I applied in January online and they declined me. I called and spoke with an analyst who asked some questions and then approved me for 2500. Sad thing is I really never used it, so I learned that you don't apply for cards just to get them, go for what you really want and will use, but that's a different story. Just hope this info is useful to someone.

And one other thing about Barclays - I don't have personal experience with this but I've HEARD that for the first 6 months after you open an account with them, they watch you like a hawk and do not like to see inquiries and new accounts during this time so just be aware of that (Cap One couldn't care less so you are good there).

newbiecredit
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Postby newbiecredit » Sun Jun 03, 2012 11:51 am

nah, i won't go for barclays anymore since i got approved for best buy. ill just save my inquiry coz for sure score will go down coz of the hard inquiry. I'm contented with best buy's.. 18 months no interest on purchases.. barclays only offer 12 months introductory financing.

tinninches
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Postby tinninches » Mon Jun 04, 2012 6:33 am

BIG grats to you on the 18mo/0%

BB (as does amazon) offer some great 0% offers.



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