Add Product

Search Results:

Reply
New Member
Posts: 1
Registered: ‎12-27-2020
Accepted Solution

Credit Card Account closed without notification

[ Edited ]

To Corporate Best Buy,

 

I discovered my Best Buy credit card was closed through my credit monitoring service. I spoke to the phone number on my card and found that your bank closes accounts for inactivity. I think you should notify  your customer by mail that this may happen so one might make purchase with your Best Buy card to keep it active based on your standards. We do have maintinence contracts on appliances still in effect and belong to your Geek Squad protection program.

 

What do I want you to do?  Reopen my account. I did speak to your bank CBNA and Sheri did take a complaint from me today 12/27/2020.

 

Gary {removed per forum guidelines}

 

{removed per forum guidelines}

 

Valued Contributor
Posts: 2,445
Registered: ‎02-07-2011

Re: Credit Card Account closed without notification

Best buy doesn't have access to your account to email or even know it was closed it's all run by citibank.
Best Buy Employee
Posts: 2,402
Registered: ‎01-09-2015

Re: Credit Card Account closed without notification

Closing inactive lines of credit is not unique to Citibank. To keep in line with federal credit regulations, once your line of credit it closed the way to “reopen” would be to reapply. That is how Best Buy would be able to assist with your Best Buy Credit Card through Citibank.

If you want more details regarding the closure or communication of said closure, you’ll want to continue to work with Citibank.
I am a Best Buy Employee, but the views that I post are my own and not that of Best Buy.
***Know that I am not able to issue official responses and that my posts are only here to help before an official response is offered by a Best Buy Social Media Specialist***
Recognized Member
Posts: 222
Registered: ‎07-16-2014

Re: Credit Card Account closed without notification

@rph52 

 

I know it's not helpful, but just want to add that I had some credit cards closed for no activity in the past and no one has ever notified me. I don't think they do that, for whatever reason. I suspect banks prefer new accounts.

Visitor
Posts: 1
Registered: ‎09-13-2021

Re: Credit Card Account closed without notification

I can speak from experience that Best Buy doesn't care. At the stores they have a certain amount of credit applications they are supposed to get to look good for corporate. Having these accounts auto close after a year is extremely beneficial to the store and their numbers. Managers rejoice when this happens because it means a new credit card application for them and their store. Companies Best Buy, citi, whoever don't care about the effects on credit, just as long as you sign up and use it and make them money.

Valued Contributor
Posts: 2,445
Registered: ‎02-07-2011

Re: Credit Card Account closed without notification

If you don't use a credit card for a year or more, the issuer may decide to close the account. ... Although the Credit Card Act of 2009 says creditors must give customers 45 days' notice of major changes to the terms of their accounts, courts have decided that a card cancellation caused by inactivity doesn't count.