It seems like every time you get a new gadget, they put another one out that's even better and that's where the Best Buy credit card can help. Besides buying cool new stuff, it just so happens that appliances also degrade with age and sometimes you just need to replace them but that usually, it isn't so easy on the bank account.
With a Best Buy credit card, making these buys certainly become more affordable and accessible. A Best Buy credit card extends a host of benefits and privileges to its cardholders, making it a worthy option, especially for the tech-savvy. Aside from flexible financing options, its credit cards also offer 5% back in rewards.
Moreover, cardholders can also get access to exclusive equipment and discounts. Just because you've got a credit card doesn't mean you should go out and buy all the latest electronics, but it does give you an option when you absolutely need to.
We've dug into the Best Buy card and you can learn all about eligibility and requirements up next.
What Are The Features Of The Best Buy Credit Card?
There are two main Best Buy credit cards, namely the My Best Buy Credit Card and the My Best Buy Visa Card. Both offer 5% back in rewards, while Elite Plus cardmembers are entitled to a 6% back in rewards.
Cardholders are entitled to 2.5 points for every $1 spent using their standard credit card, while those using the Visa-powered card can get 1 point for every $1 spent. Rewards from these cards may be redeemed via reward certificates to be used in-store or online.
Moreover, the Visa-powered card can earn users 1 point for every $2 spent on the card. The My Best Buy Visa Credit Card also offers 3% back on gas purchases, 2% on dining and grocery purchases, and 1% on daily necessities.
Both cards also offer flexible financing options. For Best Buy items starting at $199 and up, individuals can get 6 months in financial help. Meanwhile, for higher purchases, cardholders are privy to financing periods ranging from 12 to 24 months.
More than these offerings, cardmembers can also get exclusive deals and discounts from an array of select devices.
Are You Eligible For The Best Buy Credit Card?
Applicants must be at least 18 years of age to apply. Individuals interested in applying may do so by filling out the online application form found on the Best Buy website.
The application form will require you to disclose your personal information such as full name, contact number, address, financial information. Your employment details will also be obtained. Should your application be approved, you will be given a credit limit that’s appropriate for your creditworthiness.
What Are The Fees On The Card?
- APR – 25.24% (variable)
- APR for Cash Advances – 27.99% (variable) for the My Best Buy Visa Credit Card
- Transaction Fees
- Cash Advance – 5% or $10 (whichever is higher)
- Balance Transfer – 5% or $15 (whichever is higher)
- Late Payment Charge – up to $40
Best Buy Credit Card Perks and How to Sign Up Conclusion
Overall, a Best Buy credit card is geared towards individuals who regularly need to purchase appliances or gadgets. Its flexible financing options and wealth of rewards and discounts make it a worthwhile option to consider.
For questions, you can contact Best Buy's customer care hotline at 1-888-237-8289. You can also visit their head office at 7601 Penn Avenue South Richfield, MN 55423 United States. You may also reach them at Citi as their cards are made in partnership with the financial institution.
*Note: There are risks involved when applying for and using a credit card. Consult the bank’s terms and conditions page for more information.
