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Entry level financing options.

Status: Acknowledged
by HilBReed on ‎03-27-2019 02:31 PM

Hello there. I would like to make a suggestion which, I feel will make it easier to purchase more expensive items from Best Buy, such as computers and other appliances. I understand that Best Buy offers the Best Buy credit card, however, I feel that additional solutions are needed for those who, like myself, have only just begun to build credit, and cannot get approved for any credit cards save for student specific cards or secured cards. Please consider adding either a year-round layaway program, or some other way for customers to make payments over time with credit or debit cards that they already possess. This doesn’t have to be for all items, but maybe for items that cost $700 or more.

Thank you for listening.

Status: Acknowledged

Thanks for the suggestion. Best Buy is not a banking institution, and because of this we do not issue credit to our customers. Our Best Buy branded credit cards are issued by Citibank, and I would suggest reaching out to them on this.

Comments
by Emerging Expert
on ‎04-01-2019 07:22 AM

Layaway was a thing and it has gone away.  I believe there were a lot of issues with collections and people not making payments or deciding they didn't want an item so they quit paying on it.

 

Personally I do  not think it is a good idea to give high credit levels to first time credit card people. 

 

I would suggest starting out with a small credit limit and buying some things and paying them off in 2 or 3 payments.  Do not miss any payments and your credit report will get better. 

 

There is a reason why people do not get high limits when first getting credit. 

 

Perhaps your best bet would be to apply for a Visa or MasterCard and pay off a number of purchases and go from there.   I started off with a JC Penny credit card. 

by Senior Social Media Specialist Senior Social Media Specialist
on ‎04-16-2019 01:52 PM
Status changed to: Acknowledged

Thanks for the suggestion. Best Buy is not a banking institution, and because of this we do not issue credit to our customers. Our Best Buy branded credit cards are issued by Citibank, and I would suggest reaching out to them on this.

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