Just bought a Christmas gift for someone on Saturday at The Bay. The lady at the counter said that I could earn 50% more HBC Rewards points if I used my HBC Credit Card. I said something like “no, thanks anyways, but I’d prefer to pay with the cash I have in my wallet, rather than pay off a credit card bill a few months from now.” Even it it means getting a few measly rewards points. The item I was purchasing was $40 (50 rewards points per dollar means 2,000 rewards points). If I paid with the credit card, I would get an extra 1,000 points. A quick check on the HBC website reveals just how much these points are worth. Taking the average points value of the Amazon.ca, Blockbuster, and Starbucks gift cards that are redeemable using HBC rewards points, we find that 1,000 points is worth about $0.10. That is comparable to about 1 Air Mile (through the Air Miles rewards program).
So basically what the lady was offering me was an opportunity to save $0.10. This was easy to refuse. But she was persistent. She said that I could charge it to my HBC Credit Card and then she could immediately pay off the balance on the credit card right then and there using cash. I threw up my hands; what the hell, sure, charge it. She charged it and then paid off the balance. It took about 30 more seconds to do these two steps rather than just one, but that was insignificant compared to amount of time it took her to “gift wrap” the item.
Today I saw a similar item at a different store. A little bit better product, for $5 more. I thought about returning the item to The Bay to get this new item, but would I be able to get my cash back? Since I made the purchase with my HBC Credit Card, if I returned the item I would probably be given a credit on my credit card rather than a cash refund. Probably the best I could do would be to get a gift card or store credti. I would owe them some future business one way or another.
I don’t even know why I have this stupid HBC credit card. I think I got it a few years ago because I was offered 10% off my purchase that day if I signed up for one. It was a $600 purchase, so I guess it made some sense as I saved $60. But how many people save that $60, then end up spending $60 more over the course of the next year than they would have, had they used cash.
Just tore up my HBC Credit Card right now. Ripped into four pieces. It was actually good timing because I just got a PC Financial account and I need an empty slot in my wallet.
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You should call and have this card cancelled. Then, wait a few months, and request a credit report from one of the 2 credit unions (Equifax or Trans-something). It costs nothing to get your credit report if you do it via mail (or you can pay them and do it online instantly).
You can then verify that the card has been removed, and at the same time, you can see if your credit report is correct. People should check their credit report once a year.
I can get credit reports through a friend for free whenever I want, but I was told not to do it too often or else the too-frequent-chequing can have a negative effect on your rating. We did it several months ago and it was fine. I also know that my landlord ran a check and I think PC Financial is as well as we speak.
You’re right, I should call and cancel it. I also have an old Mastercard that I haven’t cancelled (my wife and I both use her card now). I will probably also get rid of our AMEX Gold which we no longer use, now that I no longer care about Air Miles and no longer use credit except for online purchases. Maybe when I cancel all three cards I will do a credit check. It will be nice to just have one credit card between my me and my wife.
hi there i work at zellers myself(hbc company) and i would like to tell you that the hbx xredit card is only good when you make lots of purchases at an hbx xompany other then that irs only good cuz its so easy to get…and you would have earned douvle your points for using yor hbc crdit card…and the points are very useful because you can get a 10$ gift card for only 80,000 points…
Hello, I’m also a Zellers employee and would just like to point out that we’re not all illiterate.
I bought some luggage in September and the sales clerk convinced me to sign up for the HBC card to save 10% on my purchase. I completely forgot about the card and the purchase until I started receiving frantic calls about my account from HBC. I went to the store and they couldn’t find my account without my account number. I didn’t have that information because they had the wrong address and the incorrect spelling of my name. After two more trips to the store they finally figured out their mistake, found my account and I was able to pay off the balance and cancel the account on the spot. I just got an invoice for finance charges of $2.87 for mistakes they made throughout this ordeal. Not only will I never have an account there again, I won’t ever shop in an HBC store or any of their affiliates again. That’s what they get for $2.87. I hope they go bankrupt.
Hi.
Im a zellers employee as well and i would like to tell you that HBC Credit card dont bother is a very biased post. Ive seen people who have accumulated $300 only through points and the credit cards so if u were shopping there for three years u wldnt have anything extra and the other customer that was shopping for three years had $100 extra each year .. in the end who do u think wins or invests smarter?