(Photo: qnr)
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(Photo: qnr)
]]>The card has been a good option for me, since it allowed me to buy my first computer for college, as well as a laptop I purchased later in my educational career. I will probably use it at Best Buy to purchase my new computer as I enter the military since it's a good credit account, but I shop from them (as with all retailers) with great care and skepticism.
]]>@Preyfar:
I had the same issue when i called about the card. The account is still showing when i log into Chase though so maybe it's not truly closed. also, i have a best buy card as well (yay purchasing appliances for a new house :/) so i don't know if it gets folded in, or if i end up with 2 best buy cards...
@Web Reacher: The whole InterTan and The Source stuff is up for sale.
]]>@endless:
Right, they offer the rewardzone card which gives you points based on purchases that can be redeemed for gift certificates.
They offer the Mastercard branded Credit Card which can be used everywhere.
AND THEY OFFER a Best Buy branded store charge card useable solely at Best Buy. Check the link in my previous post.
Excellent news, now people can continue paying 25% interest rates on new TV's they don't need.
]]>rewardzone is not a creditcard.
its a free points card. worth about 2% back at best buy.
]]>Many years ago, Circuit City credit cards were issued by First North American Bank (FNAB)- a bank Circuit City had a controlling interest in.
How ironic: Had CC not sold its credit card operation to Chase, CC might still be alive today, breast-feeding off its own bank which, in turn, taxpayers were spending an extra billion or two to bail out.
]]>Sorry to sound like an ass, but I am correct.
Notice how I count out the different Cards.
Now with Circuit City there are 4 types of cards supported by Worst Buy.
]]>Now, if Best Buy is taking them over... is Chase going to re-activate all these cards or what? Because if so... that seems oddly suspect to me.
]]>On the minus side, it's still useless, as it means I have to go into a brick-and-mortar electronics store.
]]>I received the very same "good news" letter today from Chase. To me, the news was not good at all since I ALREADY have a Best Buy account and don't want or need two!
My card was NOT a "branded VISA", it was just a plain old Circuit City card.
One would think because Circuit City and Best Buy were the countries largest electronics chains, many consumers would already hold cards at both stores (like me) for promotional financing offers. SO, it makes little sense to chage the CC cards to Best Buy just to have 75% of the customers who will now have two Best Buy accounts close one.
I guess I will wait and hope Best Buy sends me some nice "welcome discount" that I can use and then close down this account. Geez!
]]>Best Buy cards ARE run by HSBC. I think this letter is nothing more than a cut and paste job to get on consumerist.
]]>They might rename to avoid the bad CC publicity but they don't have to. Maybe they'll go back to licensing the "Radio Shack" name they used in the 90s.
]]>GOOD NEWS REGARDING YOUR CREDIT CARD ACCOUNT
When did Dwight become a credit card letter writer?
]]>However, I still wonder, what'll happen with Canadian division of Circuit City... It's still open. For now.
]]>FICO cares how much available credit you have. Less availible credit= higher credit utilization %.
Closing a card reduces available credit.
]]>@scoobydoo: Actually a fourth.
1. Rewardzone card
2. Rewardzone Mastercard
3. Best Buy Charge Card (No mastercard branding)
4. All ur Circuity City Debt are belong to us Card.
I still don't understand this relationship between the FICO score and closing a credit card account. I've closed two credit cards accounts in the last six years and it didn't affect my credit rating one iota. I also received two credit cards in the mail that I never activated and never heard from the issuers again.
]]>Too late. I closed it already.
]]>OMG,' Competitor overtake FTL. I took your business and your jobs And your Credit! Muuhhaa' !! = Evil.
]]>Bah! BB is the new CC
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