It will be difficult to get a Best Buy credit card with no credit. You will need a minimum of fair credit for the Best Buy Store Card. That’s a credit score of at least 640, when combined with other factors such as income, employment status, and level of debt. The other three Best Buy credit cards, the Platinum, Preferred, and Gold Visa, all require a minimum good credit score (700-749).
When you have no credit, it essentially means you have no borrowing or payment history on your credit report. Lenders like to see a track record of responsible credit use, and without it, you’re not likely to be approved for any card that requires at least fair credit.
Here is how to get a Best Buy credit card with no credit:
1.Open a secured credit card account. You’ll be required to put up a security deposit, typically around $200, to start. Your card’s activity should be reported to all three credit bureaus. Responsible use may make you eligible for a credit line increase, or a refund on your deposit.
2.Get a co-signer. A co-signer’s signature on your application vouches for your good credit. You’ll enjoy all the perks that come with the card, but if you use the card irresponsibly, the co-signer is liable for your unpaid debt.
3.Become an authorized user. You’ll have your own credit card while you benefit from the primary cardholder’s credit history. But if the primary cardholder’s credit score takes a dip, it will also negatively affect your credit.
There are no shortcuts to get a Best Buy credit card with no credit. It will take time, and an established payment history with at least a minimum fair credit score in order to have a shot to be approved. Check your credit score regularly, and apply once your credit score falls within the required threshold. Just make sure your credit score is supported with a verifiable income and a low level of debt.
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