Exposed: Best Buy credit card has no good options

Best Buy, the giant electronics and appliances retailer, offers a MasterCard from “the world’s local bank” HSBC that gives you two options: a higher rate, or an annual fee. Neither option is good for you.

The tricky part is that you don’t learn this until you start to fill out Best Buy’s online application. It’s not until you’re just about ready to say “give me the card” that they let you know the bad news. And here it is:

You get the “choice” between a card with an annual percentage rate of 17.99%, 22.99%, or 21.74% if you opt for an annual fee.

If you opt for the annual fee, how much is it?

So you pick – up to 22.99% a year, one of the highest purchase interest rates we’ve seen, or $59 a year. That’s not much of a choice.

And since Best Buy hides their disclosures behind their online application, we downloaded it for you and we’re making it available. Check it out for yourself.

2 Responses to “Exposed: Best Buy credit card has no good options”


  1. 1 lcd tv deal February 24, 2011 at 7:14 pm

    Excellent news it is doubtless. we’ve been awaiting for this info.

  2. 2 {best|greatest|finest} pots and pans June 3, 2011 at 6:22 am

    wow {nice|good} sait and {more|extra} {info|information|data}


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