Credit Card Forum
  1. #1
    KC95
    KC95 is offline
    Platinum Member
    Join Date
    Apr 2008
    Location
    cc
    Posts
    80

    Default best buy store credit card?

    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.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote     Apr 23, 08, 1:00 pm
  2. #2
    fffresh
    fffresh is offline
    Centurion Member fffresh's Avatar
    Join Date
    Apr 2008
    Location
    the edge of the world
    Posts
    439

    Default

    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.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote     Apr 26, 08, 7:23 pm
  3. #3
    Glasgow
    Glasgow is offline
    Green Member
    Join Date
    Apr 2008
    Location
    NY NY
    Posts
    4

    Default

    Not sure but I think Chase/Visa issues the Best Buy card so you can probably use it anywhere.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote     Apr 28, 08, 8:42 pm
  4. #4
    bikermike
    bikermike is offline
    Platinum Member
    Join Date
    Apr 2008
    Location
    Georgia
    Posts
    66

    Default

    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!!!
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote     Apr 29, 08, 11:47 pm
  5. #5
    fffresh
    fffresh is offline
    Centurion Member fffresh's Avatar
    Join Date
    Apr 2008
    Location
    the edge of the world
    Posts
    439

    Default

    and what's the interest rate on the Best Buy credit card AFTER the promo rate ends. I bet it's sky high.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote     May 9, 08, 4:24 pm
  6. #6
    Sttngboy
    Sttngboy is offline
    Green Member
    Join Date
    Oct 2008
    Location
    Vacaville,ca
    Posts
    1

    Default

    Quote Originally Posted by Glasgow View Post
    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.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote     Oct 31, 08, 10:51 pm
  7. #7
    AnthonyBarone
    AnthonyBarone is offline
    Centurion Member
    Join Date
    Apr 2008
    Location
    White Plains, NY
    Posts
    127

    Default

    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.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote     Nov 1, 08, 6:38 pm
  8. #8
    Mogul of Pineapples
    Mogul of Pineapples is offline
    Centurion Member Mogul of Pineapples's Avatar
    Join Date
    Jun 2008
    Location
    Smogland
    Posts
    1,399

    Default

    Quote Originally Posted by AnthonyBarone View Post
    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.
    Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed. Regardless, anything I say is my honest opinion.

    Current Cards:     American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
    Primary Everyday Card: American Express Blue Cash
    Primary Travel Card: Citi Thank You Premier
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote     Nov 3, 08, 1:08 pm
« Previous Thread | Next Thread »