You need a 640+ credit score to get approved for the Best Buy® Store Card. That means Best Buy® Store Card requires fair credit or better for approval. There are other things besides your credit score that are taken into account for Best Buy® Store Card approval.
Here's what you need for the Best Buy® Store Card:
The basics. You will need a U.S. mailing address and a Social Security Number (SSN). You also need to be at least 18 years old (21, if a resident of Puerto Rico) and have enough individual income to afford credit card bills.
At least fair credit. That means a credit score of 640+, but your approval odds only increase as your score gets higher.
Income and other information. You will need to provide information about your total annual income. Your spending and the amount of debt you owe will also get factored in to the final decision. Ultimately, your debt-to-income ratio needs to be favorable enough to show that you can afford a credit card. Citibank may also consider other factors, such as how many recent credit inquiries you've had and the length of your credit history.
Keep in mind that you will have to apply for a Best Buy® Credit Card. If you do not meet its requirements, you will also be considered for the Best Buy® Store Card and the Best Buy® Gold Visa Credit Card. The Best Buy® Credit Card requires good credit or better (a score of 700+) for approval, while the Best Buy® Store Card and Best Buy® Gold Visa Credit Card require fair credit or better (a score of 640+).
Your Best Buy® Credit Card approval odds are pretty good as long as your credit score is at least fair. There are actually two Best Buy credit cards, the Best Buy® Credit Card and the Best Buy® Store Card that you can only use at Best Buy. Your odds of Best Buy® Credit Card approval will only be good if your credit score is at least good. But if you don’t get that version, you’ll be automatically considered for the Best Buy® Store Card, which requires fair credit. But there’s more to Best Buy® Credit Card approval than just your credit score.… read full answer
Here are the Best Buy credit card approval requirements:
Credit score: fair for the store card, good for the Visa.
Age: 18+ years old (21 in Puerto Rico).
Mailing address. Must be located in the U.S.
Social Security Number. You need an SSN to apply and can’t substitute an ITIN.
Income. The amount of money you make factors heavily into approval.
Be sure to check your credit score before applying. If it’s below 640, take time to improve your score first. Even a month can make a big difference. But if it’s more than a minor fix, you might want to put a deposit on a secured credit card and use that for credit rebuilding purposes until you get into the fair credit range.
You need a credit score of at least 700 for a Citi credit card in most cases. That means applicants for Citi credit cards need at least good credit to be approved. But it really depends on which card you’re after. Some Citi credit cards require higher scores, and one has no minimum score at all.… read full answer
Below, you can see what Citi cards your credit score will allow you to pursue, along with other information about approval.
Here’s what else you should know about the credit score you need for a Citi credit card:
Limited History: For those with little or no credit history, the Citi Secured is a good option. A refundable security deposit of $200 is required. It doesn’t give any rewards, but it does offer a $0 annual fee and can help you rebuild your credit.
Fair credit (640-699): With fair credit, you have a good shot at getting one of Citi’s various store cards. These cards can only be used at their associated store. Some examples of store cards issued by Citi that require at least fair credit are Staples® Credit Card, Best Buy® Store Card and Goodyear Credit Card.
Excellent credit (750 and up): You’ll be eligible for all of Citi’s cards with a score in this range, assuming your income and other information check out. Some excellent-credit-only offerings include Citi Prestige (5 points / $1 spent on purchases at airlines, travel agencies and restaurants and 50,000 bonus points for spending $4,000 in the first 3 months) and Costco Credit Card (cash back oriented, offering 1 - 4% cash back on different spending categories).
Other requirements: It takes more than just a good enough credit score to get Citi credit card approval. In particular, you need enough income to pay the monthly bills, along with your existing debts. You’ll also need a valid Social Security number (or ITIN) and U.S. mailing address.
Citi might send a pre-qualified credit card offer to potential customers, but while this increases your chances for approval, it does not guarantee it. If you have received such an offer, visit Citi’s web page and enter your invitation code and last name to apply. Also, keep in mind that applying for a Citi or any other credit card triggers hard inquiries and can temporarily lower your score - the more inquiries over a short period of time, the more damage to your score. So it’s best to know where you stand before applying for any credit card. You can check your credit score and track your progress for free, right here on WalletHub.
The easiest Citi card to get is the Citi® Secured Mastercard® because it is the only one that will accept applicants with limited credit (less than 3 years of credit history). This card requires a $200 refundable security deposit but has a $0 annual fee. It also helps build credit history with monthly reporting to all three … read full answermajor credit bureaus (TransUnion, Equifax and Experian).
However, there are a number of store cards that also make it among the easiest Citi cards to get. Citi store cards require at least fair credit (a credit score of 640+) for approval. But purchases are limited to the affiliated merchant or its website. The Best Buy® Store Card and the Shell Gas Card, for instance, are among the many store cards that also have a full-fledged co-branded version on either the VISA or Shell Credit Card network, which can be used anywhere the network is accepted. Those cards aren’t as easy to get as the store versions, as they require at least good credit.
Here are some of the easiest Citi cards to get:
Citi Secured: Open to applicants with limited (less than 3 years of credit history). $0 annual fee.
Best Buy® Store Card: Fair credit or better (a credit score of 640+) required. $0 annual fee. Earns 2.5 points per $1 spent on Best Buy purchases.
Shell Gas Card: Fair credit or better (a credit score of 640+) required. $0 annual fee. Offers savings: 30¢ per gallon (up to 35 gallons) on your first 5 Shell fuel purchases made by 6/30/2022, after that 10¢ per gallon (up to 20 gallons) every time you fill up, 10% Shell rebates on your first $1,200 Shell non-fuel purchases (per year).
The easiest Citi cards to get come with limitations. They offer low minimum credit limits, high interest rates and few rewards and benefits. And with the Citi store cards, beware of deferred interest promotions. Deferred interest means that there’s 0% interest as long as the balance gets paid in full by the end of the promotion. If it’s not paid in full, Citibank charges interest on the original purchase amount from the date of purchase, at the card’s regular APR.
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