I just applied for the Best Buy card, I was approved for a Visa Best Buy issued by Citibank, I had 616 score, I had no lates, no collections, one inquiry, one open account and two closed account, all of them are paid good, they did only Equifax to make a decision.
Your Best Buy credit card approval odds are pretty good as long as your credit score is at least 640. There are actually two Best Buy credit cards, a Visa and a store card that you can only use at Best Buy. Your odds of Best Buy Visa approval will only be good if your credit score is at least 700. But if you don’t get that version, you’ll be automatically considered for the Best Buy Store Card, which requires fair credit, or a score of 640+. But there’s more to Best Buy credit card approval than just your credit score.
Here are the Best Buy credit card approval requirements:
Credit score: 640+ for the store card, 700+ 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.
Citibank is EXTREMELY snobby. You need to have a credit score wel above 700 to get approved for either one of the Best Buy credit cards. My credit score is 704 and my FICO score is 646. I already have two mainstream credit cards, one with a semi-high limit (which I only use for educational purposes such as books etc.) and another for emergency reasons. The others are only department store cards. Khol’s, Walmart, and Target (which also has a very high limit). I manage to shop quite frequently at each and every one of the stores I mentioned and have the bills paid off each and every month. I can only assume that they only want someone with an EXTREMLY high income to approve.
The main Best Buy credit card requirements are a fair or good credit score and some form of income. You also need to be at least 18 years old and have both a U.S. address and an SSN. But the requirements for the Best Buy Store Card, which you can use only at Best Buy, aren’t as strict as those for the … read full answerBest Buy Visa, which you can use anywhere. For example, you’ll need a fair credit score for the Store Card but a good credit score for the Visa.
Exactly what Citi, the issuer, looks for isn’t public knowledge, of course. But you can at least work on improving the major things that matter most before applying.
Here are the Best Buy credit card requirements:
640+ credit score. This will give you good odds for the Best Buy Store Card, but you need a 700+ credit score to be in the running for the Visa.
Income. Creditors must confirm your ability to pay before approving you for an account. You’ll naturally need more income for the Visa than the Store Card.
Basic requirements. You need to be at least 18 years old with a U.S. mailing address and a Social Security Number.
Other factors. Citi will take plenty of other things into consideration, like your debts and the number of cards you’ve opened recently.
Overall, the Best Buy credit card requirements aren’t too bad if you’re just looking to get the Store Card. The average person should be able to meet them. The Best Buy Visa, however, is quite a bit harder to get.
If you have bad credit, you may want to consider a secured credit card instead. Capital One and Discover have good ones.
You can check your Best Buy® Credit Card application status online or by calling the Best Buy Credit Card Center at (888) 574-1301. Both methods are quick and easy, and will tell you whether your application is approved, denied or still pending and both of them apply to the Best Buy® Store Card… read full answer, too. If your application is approved, you can expect your new card to arrive by mail within 10 business days.
Here’s how to check your Best Buy® Credit Card status online:
Give the representative your application reference number. If you don’t have it handy, Best Buy can look it up with your name and SSN.
If you’re approved, your card should already be on its way. If more than 10 business days go by, you should call the Best Buy® Credit Card Center again to check in.If you’re denied, you can always ask for reconsideration. Citibank issues all the Best Buy® Credit Cards, so you’ll have to go through them. And you’ll need to convince them that your credit or income is actually better than it appeared on your application. The number is (888) 201-4523.
Yes, you’re going to want a 640+ credit score for Best Buy Store Card approval. That’s in the fair credit range but not quite at the bottom of it (620), so as to give you better odds of approval. Fair credit is the minimum credit standing required. And barely meeting a card’s minimum requirements is far from the ticket to high approval odds. Still, store cards like the Best Buy one aren’t beyond the average person’s reach. The average credit score is around 680. And there are other things besides … read full answeryour credit score that matter for Best Buy Store Card approval.
Here’s what you need, along with a fair credit score, for a Best Buy Store Card:
All the basics. You can’t get approved without a U.S. mailing address and Social Security Number. You also need to be at least 18 years old and have income, or access to it.
At least fair credit. That means 620+, but your approval odds only increase as your score gets higher.
Some money to spend. You’ll have to list your income and assets on your application, along with how much debt you owe. That’ll show how much you’re still free to spend.
Other information. Exactly what Citi takes into account and how much weight each factor carries isn’t public information. But things like your employment status and how many other cards you’ve opened recently have been known to play a role.
Make sure to check your credit score before you apply. Is it 640+? If not, you may want to take some time to improve it. You can raise your score by using less of your available credit, paying on time and reducing debts.
For the credit card, you should have somewhere around 700. For the store version, it's a bit more lenient, around 640.
At the end of the day, you need more than just a good enough score, your income will also come into play.
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