"Eternal 500"
My Best Buy® Visa® Card Review
Written by: rockin35 on 2008-04-20
Overall Satisfaction
Customer Service
Rewards
Account Management
Delivery Time
rockin35's review: 
Okay, I'm not sure if anyone else has a Best Buy MasterCard, but I've had this card now for over a few years, I opened it during the holidays online. The limit was $300 and I was given a CLI sometime last year which has remained a constant $500. I asked for an increase today just to see what these folks would say, they told me I had to run a credit hit. I said "Thanks but No Thanks". I'm not sure, but am I to understand that HSBC does not raise limits, or is it that Best Buy is just a low limit card?... Baffled!!!? This is one of my accounts on the choppin' block anyway. Rockin35
Okay, I'm not sure if anyone else has a Best Buy MasterCard, but I've had this card now for over a few years, I opened it during the holidays online. The limit was $300 and I was given a CLI sometime last year which has remained a constant $500. I asked for an increase today just to see what these folks would say, they told me I had to run a credit hit. I said "Thanks but No Thanks". I'm not sure, but am I to understand that HSBC does not raise limits, or is it that Best Buy is just a low limit card?... Baffled!!!? This is one of my accounts on the choppin' block anyway. Rockin35
7 Comments
Comment 1 by mark
Got The Store Card 
on 2008-04-20
I have the bestbuy store card.
initial limit was a $1000 then after 3 months, I clicked the increase credit limit tab on my statement on line and boom... It was changed to 3500.
i have friends who have the MasterCard, and yes, there complaints are the same as yours... Sluggish CLI.
have you tried applying for the store card instead?
on 2008-04-20 I have the bestbuy store card.initial limit was a $1000 then after 3 months, I clicked the increase credit limit tab on my statement on line and boom... It was changed to 3500.
i have friends who have the MasterCard, and yes, there complaints are the same as yours... Sluggish CLI.
have you tried applying for the store card instead?
Comment 2 by hjm331
Me Too on 2008-04-20
I have this card also. My April statement will be 6th statement and I have a $1k limit. It's an alright card, it will be sockdrawered now that I have better cards.
The Best Buy store card is better in many ways. They're better with CLI's and faster reporting.
on 2008-04-20 I have this card also. My April statement will be 6th statement and I have a $1k limit. It's an alright card, it will be sockdrawered now that I have better cards. The Best Buy store card is better in many ways. They're better with CLI's and faster reporting.
Comment 3 by robby
Go With The Store Card on 2008-04-20
If you buy majority of your electronics from best buy... Just like ME.
i say go for the store card.
I never had any problems with it.
Credit limit increase every 3-6 months.
i started with 500 which became 800 then 1200
and now it's 4700 after years of no late payments
on 2008-04-20 If you buy majority of your electronics from best buy... Just like ME.i say go for the store card.
I never had any problems with it.
Credit limit increase every 3-6 months.
i started with 500 which became 800 then 1200
and now it's 4700 after years of no late payments
Comment 4 by goldenladi
Agree With You Totally Rockin35 on 2008-04-20
I've had this card (Gold) since Oct 06 with an initial $300 cl. After 6 months it was raised to $400 and is currently at $600. What's worse is my card has an annual fee of $79 and a 15% APR. This is my oldest credit card account- on time, much more than the minimum monthly payments, with a current zero balance.
I haven't really used it to purchase anything at Best Buy other than movies or music- what else can you buy there with a $600 cl? They offer a rewards program for shopping anywhere else and you can redeem certificates to use at the store. I'm not clear whether they offer different levels of the card- I logged onto the website yesterday and the card image displayed had Platinum imprinted at the bottom of the card.
I agree with you Rockin35- this is a sock drawer card.
on 2008-04-20 I've had this card (Gold) since Oct 06 with an initial $300 cl. After 6 months it was raised to $400 and is currently at $600. What's worse is my card has an annual fee of $79 and a 15% APR. This is my oldest credit card account- on time, much more than the minimum monthly payments, with a current zero balance.I haven't really used it to purchase anything at Best Buy other than movies or music- what else can you buy there with a $600 cl? They offer a rewards program for shopping anywhere else and you can redeem certificates to use at the store. I'm not clear whether they offer different levels of the card- I logged onto the website yesterday and the card image displayed had Platinum imprinted at the bottom of the card.
I agree with you Rockin35- this is a sock drawer card.
Comment 5 by rockin35
I Shall Retire BBMC on 2008-04-20
Yeah, then my decision is made. I'm going to retire this Best Buy Mastercard, It's not worth having on my credit report, just like the GE Moneybank Pay Pal account that I closed last week. All of my accounts that are recent and in 2 years with limits lower than a thousand dollars, I am closing them out. Right now I have 5 that fall into that cateogory that I am closing. Thanks everyone!! Rockin35!
on 2008-04-20 Yeah, then my decision is made. I'm going to retire this Best Buy Mastercard, It's not worth having on my credit report, just like the GE Moneybank Pay Pal account that I closed last week. All of my accounts that are recent and in 2 years with limits lower than a thousand dollars, I am closing them out. Right now I have 5 that fall into that cateogory that I am closing. Thanks everyone!! Rockin35!
Comment 6 by ness32
I Agree! on 2008-04-22
Yeah this card belongs in the sockdrawere. My husband was offered this card in the summer and theyngave him $300.00. And it's still at that limit. HSBC I hear are stingy with CL.
on 2008-04-22 Yeah this card belongs in the sockdrawere. My husband was offered this card in the summer and theyngave him $300.00. And it's still at that limit. HSBC I hear are stingy with CL.
Comment 7 by angel83
Not HSBC on 2008-11-25
I have the BBMC and I have a regular card from HSBC. I have had the regular card since 02/07 and 03/08 I received an increase to $500 but I have had the BBMC over a year as well and not received an increase. The BBMC has always kept a lower balance and been paid off in full more months as well because of it's higher interest rate.
on 2008-11-25 I have the BBMC and I have a regular card from HSBC. I have had the regular card since 02/07 and 03/08 I received an increase to $500 but I have had the BBMC over a year as well and not received an increase. The BBMC has always kept a lower balance and been paid off in full more months as well because of it's higher interest rate.
Please login or register for free to view your stats, add reviews and card application results, or post comments.
Credit card reviews and comments are posted by user submission and do not warrant the opinions of Finance Globe.
Disclaimer: This content is not provided by Citibank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citibank. Review content is powered by Finance Globe.
Disclaimer: This content is not provided by Citibank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citibank. Review content is powered by Finance Globe.
