Wednesday, May 25, 2011

I want to purchase a tv from best buy. Should i get a best buy credit card or get one from my bank ?

I want to purchase a tv from best buy. Should i get a best buy credit card or get one from my bank ?

I want to be able to build credit.

Answer by N K
Credit cards are better than store cards because you can use them anywhere else. It depends on the kinds of incentives you get. Store cards like Best Buy allow you to have no interest and no payments for 12 months and things like that. Your credit card might allow you to carry a balance for no interest charge any.

To build credit, credit cards are better than store cards because you can use them many places to buy petrol and groceries. The terms of financing tend to be more attractive for store cards.

Answer by stan c
Whatever one gives you the best deal. If you get it for 24 months and pay it back in 12, that would help boost your credit rating.

Answer by ClovrSly
Do not ever get a store credit card.

Rule of thumb.

Get a common credit card, visa, american express, mastercard.

Answer by heybulldog
You should save up and pay cash.

Credit cards are excellent for one business. Getting into debt with.
Credit cards are the financial worlds cigarette and “Building credit” is the largest joke of the 21st century.

If you pay as you go. If you live on less money than you make. You will not have payments! You will have money and not have to worship the fantastic fico.

Answer by Sand Bag
To build credit nearer, you are better off getting a credit card from your bank. If they won’t give you one, get a open credit card from your bank. Just remember to pay your bill on time.

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I was trying to apply for a Best Buy Credit card ( Which by the way would be my FIRST credit card) Its asking for my Monthly Housing Payment, I don’t own a house i live with my parents. Does that mean now i can’t apply for one?

Answer by Graybeard
Your monthly housing payment is zero unless you pay rent to your parents.

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