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Is Best Buy’s in-store financing pre-approved? I ask because my sister and I both have the same credit history, but she was given financing when buying a laptop a couple of months ago. I, on the other hand, applied for the same card online and was told I couldn’t be approved. We both only have Capital One cards with no previous loans or mortgages and no late payments or overcharging. I’m wanting to buy a TV this weekend, but I’m wondering if I can get approved for financing.

2 Thoughts on Question about Best Buy financing?
  1. Reply
    May 16, 2011 at 4:46 am

    Pre-approved is really just a marketing term. It is used when mailing a credit application, ie choosing folks who most likely will pass credit standards. But they still have to be approved.

    But you have ran across an interesting fact. The credit decision process can vary by type of application, internet, mail in, in-store, phone-in, etc.
    One fact: Do not ever apply for credit on line. The credit standards are usually tighter than other means.
    So you might be approved for an in-store purchase.

  2. Reply
    May 16, 2011 at 5:06 am

    No, it’s not. In the store, your application is typed in and Household Bank makes the final decision. If you weren’t approved, they will send you a letter in the mail in about 2 weeks telling you on what they based their decision.

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