Complaint Review: Best Buy Store Card -
- Best Buy Store Card United States
- Category: credit card
My husband and I have had our Best Buy card for 10 + years and during that 10 + years they have lowered our credit limit to equal the balance we had on the credit card, which made us maxed out on that card. Our scores took a big hit because of that. They have lowered our limit several times over the years for "lack of use," and have threatened to close the card if we don't use it within a certain amount of time.
They offer no incentives to encourage spending. And right now our limit is so low we couldn't buy half the stuff in there even if we wanted to. They have not lowered our extremely high interest rate (not even by measly1%), even though we have excellent credit and perfect credit history with them. They have not raised our credit limit back up even after we use it on a regular bases.
No promotional offers whatsoever. They only thing that they have offered are 5 dollar off next purchase, because what we have spent on our previous purchase. I know they are not the only store card company that stoop these tactics and it is very sad. The only reason I keep them is, it will hurt our credit if the account closes, because we loose that credit history.
I'm to the point that I just might let them close it so I can be done with them once and for all. Yea, our credit will take a hit, but it won't take long for us to bounce back. They will definitely need us before we need them ever again. In fact, I will never apply for another store card period. They are the worst and they do more harm to your credit than good. I hope this post will help someone make a conscience decision before choosing to apply for a Best Buy store card.
This report was posted on Ripoff Report on 10/02/2019 08:03 AM and is a permanent record located here: https://www.ripoffreport.com/report/best-buy-store-card/ridiculous-terms-conditions-1485828. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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