Cireone could be right. I didn't pay attention to that bit of detail but it's possible.

Well whats kinda strange is that when you apply for the store card the terms are from Beneficial and it is Beneficial that pulls your credit report.

But isnt the BestBuy store card under Beneficial??????

Beneficial is there mortgage/personal loan unit.

Here is the link for that; https://www.beneficial.com/learn-about-loans/home/default.html?WT_srch=&DCSext_sot=Self-Directed&WT_seg_1=Prospect

The best buy mc and store card are thru HSBC Bank Nevada, N.A.

But isnt the BestBuy store card under Beneficial??????

No, in the article it states that they will keep the HSBC Bank N.A. business open for now.

It's the mortgage business that's hurting them.

I heard the same news on Bloomberg. It seems as thought they are closing all most all (if not all) retail consumer lending branches in the United States.

I found this article on msn.com.

http://www.msnbc.msn.com/id/29460805

this raises the question of what will happen to the current accounts that are under the subsidiaries that will be getting the boot.....................