What is BBY/CBNA?
BBY/CBNA is a credit report code that stands for Best Buy/Citibank North America, which may appear on your credit report as a hard inquiry. It may also appear as ‘CBNA/BBY’. This usually happens when you apply for a Best Buy credit card issued by Citibank.
Hard Inquiries vs. Soft Inquiries: What’s the Difference?
The Impact of Hard Inquiries on Your Credit Score
A hard inquiry occurs any time you apply for new credit, and the lender or creditor runs a credit check. Common examples include applying for a mortgage, apartment, car loan, credit card, insurance policy, cell phone plan, or even a job application.
Although hard inquiries typically only reduce your credit score by a few points, having too many in a short period can accumulate and cause significant damage to your credit score.
Soft Inquiries: No Effect on Your Credit Score
A soft inquiry typically takes place when a company checks your credit history as part of a background check or when a credit card issuer or lender prequalifies you for an offer. Sometimes, existing creditors might perform a soft inquiry to review your current credit situation. Unlike hard inquiries, soft inquiries do not impact your credit scores.
How long do hard inquiries stay on your credit report?
Regardless of whether you get approved for the Best Buy credit card, the hard inquiry will remain on your credit report for up to 2 years. Each inquiry is recorded by one or all three major credit reporting agencies: Equifax, Experian, and TransUnion.
Dealing with Unauthorized Inquiries
If you don’t recognize the BBY/CBNA hard inquiry on your credit report, or you’re certain you didn’t initiate it, contact Citibank and inquire about the reason for the credit check. The creditor’s name should appear under the “Inquiries” section on your credit report.
Can You Remove BBY/CBNA from Your Credit Report?
Credit Saint specializes in removing BBY/CBNA inquiries and other negative marks from your credit report. Additionally, they can help you dispute (and potentially remove) the following items:
- late payments
- collections
- charge offs
- foreclosures
- repossessions
- bankruptcies
Take Action to Remove Inquiries Today!
If you’re struggling with bad credit and need assistance, consider a free credit consultation with Credit Saint. They have helped many people in similar situations. To learn more about their services, visit their website and complete the inquiry form to explore how they can support you.
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