Best Buy Rewards MasterCard

Posted Tue May 29, 2007 7:12 pm, by alicia l. written to HSBC Bank USA

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I applied for the Best Buy Rewards MasterCard on 05/23/2007 and unfortunately I was DENIED. Upon denial I immediately called Customer Service to find out why this occured. Cutstomer Service then transferred me to the Credit Department for explanation. The Credit Dept then advised me that the reason for denial was too many inquiries. I am currently trying to re-establish my credit and have opened some new accounts in very recent days. This does not prove however that I am not responsible. As you can see from the report retrieved from Equifax, I am a responsible credit card owner and pay all of my bills on time.

I would really like for my application to be reconsidered since it is apparent that I deserve the Best Buy Rewards MasterCard. With approval to the card I will remain a loyal customer and take GREAT PRIDE in my credit card ownership. My household income added to my good credit allow me to satisfy the terms and agreements of the Best Buy Rewards MasterCard.

Please RECONSIDER me for the Best Buy Rewards MasterCard, it will be GREATLY APPRECIATED.

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Re: Best Buy Rewards MasterCard by Harleycat Posted Wed May 30, 2007 @ 3:51 PM Since you say you've opened some accounts recently they have probably taken the approach that errs on the side of caution. They want to see how you handle those cards before issueing you one. Don't take it personal, it's only business to them. Demonstate good use of your existing cards and I'm sure they will reconsider your application in the future. Reply Best Buy Reward MasterCard by aliciabugg Wed May 30, 2007 @ 8:29 PM Re: Best Buy Rewards MasterCard by calm Posted Wed May 30, 2007 @ 8:58 AM You're right: it doesn't prove that you're not responsible. Whether or not you get approved for a credit card is not a moral judgment, or a judgment about you as a total person, or anything like that at all. They are simply playing the numbers, and apparently some people who apply for a whole lot of credit in a short time end up spending more money than they can afford to pay back with interest and fees. That doesn't mean *you* would do that; they don't know *you*. Reply Re: Best Buy Rewards MasterCard by PaintedLady Posted Tue May 29, 2007 @ 11:00 PM Based on your multiple letters here, I can see where the "too many inquiries part" is coming from. Usually if you give it a month or two and reapply, you will be approved, but there is such a thing as too many credit cards, you know. Reply Multiple Credit Card Apps by aliciabugg Wed May 30, 2007 @ 10:15 AM