Best Buy No Interest Credit Card -- wtf

[QueBert]

Are you people reading what OP wrote? I see "he shouldn't buy shit he can't afford" "he shouldn't add debt" I don't have the money to afford a big plasma TV out right, if I could get three years at 0% to pay it off why the hell wouldn't I? No regular credit card will give you 36 months to pay something off without interest. OP found what he considered to be a great deal. He *could* save his money for 36 months and buy the TV out right, or he could get the TV now, and easily pay it off in a year or 2 without getting charged a dime extra. Yet somehow the OP's not resonsible because he shouldn't be buying shit he can't afford.

Ahhh, the life and logic of the super rich ATOTers who bought their home with cash because credit is for poor suckers.

 

[Bignate603]

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.

That right there is probably why you got a raw deal. You probably are carrying more debt or the wrong kind of debt than they'd like for your income. You're a lousy risk for them so they're going to charge you an arm and a leg.

 

[randay]

you signed up for the wrong card, you want the HSBC one. no annual fee.

 

[Bignate603]

Are you people reading what OP wrote? I see "he shouldn't buy shit he can't afford" "he shouldn't add debt" I don't have the money to afford a big plasma TV out right, if I could get three years at 0% to pay it off why the hell wouldn't I? No regular credit card will give you 36 months to pay something off without interest. OP found what he considered to be a great deal. He *could* save his money for 36 months and buy the TV out right, or he could get the TV now, and easily pay it off in a year or 2 without getting charged a dime extra. Yet somehow the OP's not resonsible because he shouldn't be buying shit he can't afford.

Ahhh, the life and logic of the super rich ATOTers who bought their home with cash because credit is for poor suckers.

He said he's trying to pay down other debt. Any money he diverts towards making payments towards that TV, interest free or not, is taking money away from making payments on his debt that is incurring interest.

 

[rockyct]

If there was no way of getting in touch with them, I'd go down to the local best buy and start complaining. They probably will try to blow you off, but I'd stay there until you can at least talk to the card issuer. They may have a phone number of the issuer.

 

[rudeguy]

I thought the OP was a millionaire?

 

[jlee]

690-720 credit score is not that good.

It's not that bad, either.

 

[JS80]

I disagree, it is a good credit score. People that don't make a ton of money and have accrued some debt with taking a bit to pay it off this is actually good. Not everyone can have a 750+ credit score, which would be a great score.

To the OP, cancel the card and inform them that is NOT what you applied for. Inform them the CSR was wrong, you wanted an actual BB card. If they give you issues I would go to the store.

Wrong, 690-720 is around 50 percentile, which is horrid.

 

[Bignate603]

If there was no way of getting in touch with them, I'd go down to the local best buy and start complaining. They probably will try to blow you off, but I'd stay there until you can at least talk to the card issuer. They may have a phone number of the issuer.

Best buy has two cards, one is for people they think are lousy credit risks and the other is significantly better terms. He got stuck on the one for people that are lousy risks. I don't think they are going to change their minds.

 

[QueBert]

Wrong, 690-720 is around 50 percentile, which is horrid.

wrong, this is from CBSNEWS.COM

The best number to have is 720 or above. If your score is 720, there's really no need to try and raise it because lenders lump you in the same category as folks with a score of say 800 or 820. At 720, you are viewed as a safe risk and typically receive a loan without problem and at a low interest rate. However, if your number is below 700, it's definitely worth your time to try and pump it up.

If Op's score is 720 he's golden, if it's 690 he's still well above 50%. 690 will get him a super rate on a loan and is far from a horrid score. I have friends who are loan officers and if you're around 700 they love you. And directly from FICO's mouth "FICO score from 680 to 699 means Good. 700 or over is excellent"

 

[JS80]

I disagree, it is a good credit score. People that don't make a ton of money and have accrued some debt with taking a bit to pay it off this is actually good. Not everyone can have a 750+ credit score, which would be a great score.

To the OP, cancel the card and inform them that is NOT what you applied for. Inform them the CSR was wrong, you wanted an actual BB card. If they give you issues I would go to the store.

wrong, this is from CBSNEWS.COM

The best number to have is 720 or above. If your score is 720, there's really no need to try and raise it because lenders lump you in the same category as folks with a score of say 800 or 820. At 720, you are viewed as a safe risk and typically receive a loan without problem and at a low interest rate. However, if your number is below 700, it's definitely worth your time to try and pump it up.

If Op's score is 720 he's golden, if it's 690 he's still well above 50%. 690 will get him a super rate on a loan and is far from a horrid score. I have friends who are loan officers and if you're around 700 they love you. And directly from FICO's mouth "FICO score from 680 to 699 means Good. 700 or over is excellent"

Yup, that's why he got dicked on a retail credit card.

You can listen to me or listen to poor Quebert and be a poor race baiting loser for the rest of your life.

 

[Mr. Lennon]

My mom just walked by the computer just as I was looking at that photo. Her comment to me was, "How come he doesn't want that dog?"

LOL

 

[QueBert]

Yup, that's why he got dicked on a retail credit card.

You can listen to me or listen to poor Quebert and be a poor race baiting loser for the rest of your life.

He got dicked because BB's probably made a mistake. Unless BB's criteria for credit score ratings are totally different than the 3 credit Bureau's. Personally I'll listen to what Equifax says, I believe they know a bit more about credit scores than you. And Equifax says 720 is excellent and 690 is good. The fact he got dicked by BB means nothing to me when he could get a fucking $50k car loan without an ounce of hassle. If you want to try and tell me you know more about credit scores than Equifax cool, but this conversation's over...

His credit score isn't the problem, maybe he has too many lines open and is considered a risk, I dunno. But if he doesn't have a ton of lines open and has a 700 score BB would have given him a card with at least a $2k limit.

 

[JS80]

He got dicked because BB's probably made a mistake. Unless BB's criteria for credit score ratings are totally different than the 3 credit Bureau's. Personally I'll listen to what Equifax says, I believe they know a bit more about credit scores than you. And Equifax says 720 is excellent and 690 is good. The fact he got dicked by BB means nothing to me when he could get a fucking $50k car loan without an ounce of hassle. If you want to try and tell me you know more about credit scores than Equifax cool, but this conversation's over...

All I care about is statistics. 690-720 is 50 percentile. In school that's a C. Which I'm sure you thought your C avg grades were good. Have fun being 50 percentile your whole life.

 

[rockyct]

Best buy has two cards, one is for people they think are lousy credit risks and the other is significantly better terms. He got stuck on the one for people that are lousy risks. I don't think they are going to change their minds.

From my understanding it seems like the OP just wants to cancel the card now and doesn't care anymore about getting the right one. If he has no way of contacting them, he's got to step it up a notch and go down to Best Buy and make a fuss until he gets a phone number to call.

 

[QueBert]

All I care about is statistics. 690-720 is 50 percentile. In school that's a C. Which I'm sure you thought your C avg grades were good. Have fun being 50 percentile your whole life.

National average is current around 670, it's definitely nowhere near the numbers you're making up. This is according to facts not what you believe shit to be in your head. 690 is a decent jump up from 670, 720's in a different league entirely. If I had a 720 score the 3 bureau that report credit scores, they would all have me in their high end good, low end excellent category. What part of that don't you understand? Riddle me this, if you claim 720 is average, and the 3 bureau say it's borderline excellent. That would mean the average credit score's nearly excellent right? So by your definition, average = excellent.

I just got off the phone with a loan officer I know who's been doing this for around 20 years. About 24% of the population has a credit score of over 700 according to him. I'm going to guess dropping 10 points (OPs range was somewhere in 690-720) isn't going to make a whole lot of difference. Definitely wouldn't drop OP another 26% to put him in your "average category"

for someone who claims to "only care about statistics" you sure don't know much about them.

 

[TechBoyJK]

Hi Guys,

I've read horror reviews about trying to get anything out of this bank.

All i need to pay them to cancel the card right now without bringing up that I shouldn't have gotten it in the first place is $60. Their annual fee on the statement is $59. The idea of wasting an evening going to Best Buy to bitch at someone who probably can't help me too much and risk coming away empty handed isn't really worth the $60.

That's my dillema. Just pay the $60, include a letter of cancellation, take the marks against my credit, AND then bitch at them after the fact when I'm not really stressed about it

OR

Not pay the bill, keep sending them letters, risk them putting late payment marks on my credit, adding late fees, and not budging on the issuance of the card, all over 60 bucks and a few points, I just don't know if its worth it. I have other shit to worry about. I could print up a cancellation email right now, pay the $60, and be done with it.

Or I could also pay the $60, spend about $50 a month with it and pay the full balance every month, and run it for a year before I cancel. That way I build credit out of this deal.

it sucks, I just got robbed, but I can either bitch over $60 and possibly get stabbed some more, or let them take what isn't much money, and not risk any more damage.

 

[Bignate603]

Hi Guys,

I've read horror reviews about trying to get anything out of this bank.

All i need to pay them to cancel the card right now without bringing up that I shouldn't have gotten it in the first place is $60. Their annual fee on the statement is $59. The idea of wasting an evening going to Best Buy to bitch at someone who probably can't help me too much and risk coming away empty handed isn't really worth the $60.

That's my dillema. Just pay the $60, include a letter of cancellation, take the marks against my credit, AND then bitch at them after the fact when I'm not really stressed about it

OR

Not pay the bill, keep sending them letters, risk them putting late payment marks on my credit, adding late fees, and not budging on the issuance of the card, all over 60 bucks and a few points, I just don't know if its worth it. I have other shit to worry about. I could print up a cancellation email right now, pay the $60, and be done with it.

Or I could also pay the $60, spend about $50 a month with it and pay the full balance every month, and run it for a year before I cancel. That way I build credit out of this deal.

it sucks, I just got robbed, but I can either bitch over $60 and possibly get stabbed some more, or let them take what isn't much money, and not risk any more damage.

I'm confused, either there is a way to get out of it without paying a fee or you had the opportunity to read all about the fees and interest before you got the card. Did you not read what you were signing up for?

 

[TechBoyJK]

I'm confused, either there is a way to get out of it without paying a fee or you had the opportunity to read all about the fees and interest before you got the card. Did you not read what you were signing up for?

I applied for the 0% interest card for in store purchases at best buy. They signed me up for a high interest, low limit credit card with a $59 annual fee. That's not what I asked for.

 

[fleabag]

wrong, this is from CBSNEWS.COM

The best number to have is 720 or above. If your score is 720, there's really no need to try and raise it because lenders lump you in the same category as folks with a score of say 800 or 820. At 720, you are viewed as a safe risk and typically receive a loan without problem and at a low interest rate. However, if your number is below 700, it's definitely worth your time to try and pump it up.

If Op's score is 720 he's golden, if it's 690 he's still well above 50%. 690 will get him a super rate on a loan and is far from a horrid score. I have friends who are loan officers and if you're around 700 they love you. And directly from FICO's mouth "FICO score from 680 to 699 means Good. 700 or over is excellent"

Yeah well I think that's nonsense.. I've generally found that with ANY credit score below 700, I get either no approvals for credit or one with really awful terms, one you'd think you'd need a credit score of 500 to get. 720 is actually ok and 750 is about where there are diminishing returns. Some lenders have on their site what range your credit score needs to be in order to get a certain interest rate on a loan which the top end saying something like 780+. But there is definitely a difference between 720 and 750 like there is with 690 and 720...

 

[Adrenaline]

Wrong, 690-720 is around 50 percentile, which is horrid.

Again, that is not horrid. The scores range from 300-850. Not everyone is going to have a high score. He is handling his business. What do you think the average credit score with an average yearly salary and your average bills should look like?

50% most likely.

 

[PieIsAwesome]

I applied for a card at HSBC before to have a small back-up card. $59 annual fee for $300 limit. I called to cancel but they waived the fee so now I still have it.

 

[dartworth]

credit snobs always make me lol