Best Buy No Interest Credit Card -- wtf

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TechBoyJK

Lifer
Oct 17, 2002
16,699
60
91
So.. I saw a deal at Best Buy for a TV and that they were offering 3 years no interest. My credit is pretty good, so I think (about 690-720). I applied online after clicking the "apply for 0% interest best buy card" link. I just wanted enough in store credit at 0% interest to get the tv. I didn't want a whole new general use credit card.


Two days later, I get an email saying I should check my application status. I look, and it says I've been approved for a "rewards zone" Master card at 19% interest, $300 limit, and a $80 annual fee. I'm thinking.. ughhh, no thanks, thats not what I want.

I got the card in the mail today. I'm just going to cancel it but how much to you want to bet they still try and hold me to the $80 annual fee??
 
I Saw OJ

I Saw OJ

Diamond Member
Dec 13, 2004
4,923
2
76
images_do_not_want-741689.jpg
 
S

spidey07

No Lifer
Aug 4, 2000
65,469
5
76
Sounds like you don't have much credit history. Don't accept the card if you don't want to pay the fee.
 
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TechBoyJK

Lifer
Oct 17, 2002
16,699
60
91
yh125d said:
He wasn't applying for a retail CC (at least wasn't intending to), just what he thought was in-house financing
Click to expand...

This. I'm not going to accept the card. I'm going to call today and tell them I didn't want it. I was going to wait a few months to buy a new flat screen tv, because I wanted to pay bills down first. But I saw a good deal and figured if I could get it for 0% interest, I might as well. So I applied.
 
Brainonska511

Brainonska511

Lifer
Dec 10, 2005
28,217
12,907
136
TechBoyJK said:
This. I'm not going to accept the card. I'm going to call today and tell them I didn't want it. I was going to wait a few months to buy a new flat screen tv, because I wanted to pay bills down first. But I saw a good deal and figured if I could get it for 0% interest, I might as well. So I applied.
Click to expand...

This is half the problem with America - buying shit you can't afford instead of saving and buying when ready.
 
G

Genx87

Lifer
Apr 8, 2002
41,091
513
126
Hahaha these credit companies are finding new and inventive ways to create revenue streams. 80 dollar annual fee on a 300 dollar credit limit. One thing you should do is contact your local news outfit. They should have some investigative reporting unit that would love to expose something as insane as that.

Best Buy doesnt really have instore financing. It is all serviced by a 3rd party bank. I believe it is HSBC.
 
Fritzo

Fritzo

Lifer
Jan 3, 2001
41,920
2,161
126
FoBoT said:
you mean Worst Buy
worst_best_buy.jpg
Click to expand...

HAHA! You took the word Best from their name, and made it say Worst! This gives the company name the opposite meaning of it's original intent! Hours must have been spent on this concept. High comedy at it's finest!
 
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RyanPaulShaffer

Diamond Member
Jul 13, 2005
3,434
1
0
yh125d said:
He wasn't applying for a retail CC (at least wasn't intending to), just what he thought was in-house financing
Click to expand...

Uh...from his OP...

TechBoyJK said:
"apply for 0% interest best buy card"
Click to expand...

Those "deals" that Best Buy and the like are always offering for 0% interest or what-not are always, very clearly described as applying for a store credit card. They have big pictures of the Best Buy credit card with the offer and big bold text saying BEST BUY CREDIT CARD.

Reading is FUNdamental!

TechBoyJK said:
"apply for 0% interest best buy card" link. I just wanted enough in store credit at 0% interest to get the tv. I didn't want a whole new general use credit card.
Click to expand...

LOL! What part of "apply for 0% interest Best Buy card" was unclear? Was the picture of the credit card next to the offer confusing? ;)

Sarcasm aside, this stuff is always very obviously clearly detailed so that they can avoid the lawsuits that might arise from so-called "nefarious" marketing tactics. OP reading comprehension failure here...nothing else to see...
 
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TechBoyJK

Lifer
Oct 17, 2002
16,699
60
91
what I meant was I didn't want their General Purpose Credit Card. I wanted the Best Buy Store card. There's a difference.. They provide two different links when you click to sign up.
 
destrekor

destrekor

Lifer
Nov 18, 2005
28,799
359
126
Fritzo said:
HAHA! You took the word Best from their name, and made it say Worst! This gives the company name the opposite meaning of it's original intent! Hours must have been spent on this concept. High comedy at it's finest!
Click to expand...

bwahahaha :biggrin:
here all night? I shall sit for hours reading typed word dialog of the sort that inspires great laughter such as your previously posted text.

RyanPaulShaffer said:
Uh...from his OP...



Those "deals" that Best Buy and the like are always offering for 0% interest or what-not are always, very clearly described as applying for a store credit card. They have big pictures of the Best Buy credit card with the offer and big bold text saying BEST BUY CREDIT CARD.

Reading is FUNdamental!



LOL! What part of "apply for 0% interest Best Buy card" was unclear? Was the picture of the credit card next to the offer confusing? ;)

Sarcasm aside, this stuff is always very obviously clearly detailed so that they can avoid the lawsuits that might arise from so-called "nefarious" marketing tactics. OP reading comprehension failure here...nothing else to see...
Click to expand...

Best Buy offers two different types of cards, both of which allow for 0% financing as long as balances are cleared before the deadline.
They have a MasterCard, of which typically carries absolutely terrible APR for daily use outside of Best Buy. And they have the Best Buy Card, of which is NOT a MasterCard, and thus cannot be used for anything other than Best Buy purchases. It has a certain APR but holds all interest, like the above, if all payments are met and the balance is cleared before the financing deadline.

It appears the OP chose the wrong type of card. The Best Buy Card will likely have a higher credit limit.
I have a Best Buy card that I got to finance a cheap laptop, and hell no to getting an actual credit card from them. Just a simple best buy financing option, carrying a balance on the card, regardless of what type of card it is, is just not recommended, unless it's currently under 0% financing.
 
P

Paulson

Elite Member
Feb 27, 2001
10,689
0
0
www.ifixidevices.com
Brainonska511 said:
This is half the problem with America - buying shit you can't afford instead of saving and buying when ready.
Click to expand...
Yeah like you're going to carry around $3,000 in cash (and it's not like you can write out a check for anything but utilities anymore.)

There's nothing wrong with credit cards if you have the money to pay them off... I max out both of mine every month, pay them off every month, the credit card company never makes any money off of me, and I make about $3000 a year in rewards that I don' t have to claim as income.

Credit Cards are fine in my book...
 
R

RyanPaulShaffer

Diamond Member
Jul 13, 2005
3,434
1
0
destrekor said:
Best Buy offers two different types of cards, both of which allow for 0% financing as long as balances are cleared before the deadline.
They have a MasterCard, of which typically carries absolutely terrible APR for daily use outside of Best Buy. And they have the Best Buy Card, of which is NOT a MasterCard, and thus cannot be used for anything other than Best Buy purchases. It has a certain APR but holds all interest, like the above, if all payments are met and the balance is cleared before the financing deadline.

It appears the OP chose the wrong type of card. The Best Buy Card will likely have a higher credit limit.
I have a Best Buy card that I got to finance a cheap laptop, and hell no to getting an actual credit card from them. Just a simple best buy financing option, carrying a balance on the card, regardless of what type of card it is, is just not recommended, unless it's currently under 0% financing.
Click to expand...

Isn't the crappy one uniquely named the "Best Buy Credit Card" and the good one is only for Reward Zone Members and called something like the "Best Buy Reward Zone Credit Card"? I remember getting spam emails from Best Buy to sign up for their SUPER AWESOME :awe: Reward Zone Credit Card.
 
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