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What happens to my best buy credit card if they go out of business?
Posted on 2/19/13 at 3:29 am
Posted on 2/19/13 at 3:29 am
Will the card close? will capital one convert it so that it is able to be used everywhere?
7
Posted on 2/19/13 at 4:30 am to LSU6262
quote:
will capital one convert it so that it is able to be used everywhere?
You can't already?
Posted on 2/19/13 at 6:46 am to LSU6262
It will morph into an Amazon card most likely.
Posted on 2/19/13 at 8:47 am to LSU6262
I can already use my card wherever. I think....
Posted on 2/19/13 at 9:45 am to LSU6262
quote:
What happens to my best buy credit card if they go out of business?
If its strictly the store credit card and not the mastercard. It will become useless.
If its the mastercard, im sure they will convert it to a generic mastercard.
Posted on 2/19/13 at 10:01 am to barry
quote:
If its strictly the store credit card and not the mastercard. It will become useless.
My guess is any balance will be sold to a collections company and the card will be useless moving forward.
Posted on 2/19/13 at 10:18 am to wiltznucs
quote:
My guess is any balance will be sold to a collections company and the card will be useless moving forward.
Best Buy doesn't actually have the debt, I think my store one is HSBC. Very few stores still run their credit cards, for BB its the same as any CC transaction.
Posted on 2/19/13 at 1:01 pm to LSU6262
quote:
if they go out of business
Posted on 2/19/13 at 1:36 pm to LSU6262
Looks like Captial One read your thread and decided to get out of the Best Buy business.
quote:
Capital One Financial Corp. (COF) is selling about $7 billion of credit-card loans made for retailer Best Buy Co. (BBY) to Citigroup Inc. (C) at about book value.
Posted on 2/19/13 at 1:37 pm to LSU6262
Even the store card is run by a bank not Best Buy HSBC I believe.
Posted on 2/19/13 at 3:39 pm to Catman88
quote:
HSBC I believe
It was HSBC. Capital One bought that portfolio a year or so back.
Posted on 2/19/13 at 7:42 pm to GeauxColonels
quote:
It was HSBC. Capital One bought that portfolio a year or so back.
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