La proximal viz Que inches session, El contend Del site peace en ethanol. As a card member, you will receive special promotional finances offers, and you will earn points for your purchases.
Use your card instantly* after approval Save money with great promotional financing offers Pay over time with financing or earn extra rewards points Get a response in as few as 30 seconds when you apply now For every 250 points you earn in the Rewarding program, you will be eligible to receive a Reward Certificate redeemable for a $5 discount off your future qualifying purchase at participating Best Buy retail store locations or at BestBuy.com.
We’ve provided a link below that will take you to the official Best Buy website. From this page, you can click on the apply now button to go to the BestBuyRewardZone Credit Card secure online application.
About Michal Cheney is a personal finance blogger who writes for several top personal finance blogs, such as Dough Roller and Go Banking Rates. They get 2 Stars for the rewards you can earn and the Best Buy membership, but the deferred interest offers and customer support bring their scores down.
We see this as a somewhat nasty method of advertising, because employees often push these cards on people who don’t fully understand the terms with promises of instant savings. But the checkout lane is not a good place to make serious financial decisions that will affect your credit health, especially when you’re also being tempted with promotional offers.
However, we’ve received many complaints about these cards from cardholders who have had a hard time dealing with customer support, or were surprised by unexpected fees or payment requests. Be careful with special financing offers: If you take a deferred financing offer, make it a priority to get all your monthly payments in on time, and to pay off the balance by the end of the term.
Stay on top of your monthly statements to help avoid any nasty surprises. An interesting aspect of these cards is the choice between rewards or flexible financing options.
If (and when) you choose the rewards, you’ll earn 5% cash back on your Best Buy purchases, which is a pretty nice return. Regular members will earn the equivalent of 5% cash back on Best Buy purchases.
When making purchases of $199 or more you’ll be able to choose either the “Standard Credit” option or a deferred financing plan. The deferred financing plan will let you pay off the purchase over time at no interest.
If you choose a promotional financing offer you will not earn rewards for that purchase. We generally recommend that you pick the rewards over the financing plan, although you may decide that you need some time to pay off a big purchase.
If that’s the case you’ll probably be better off with a card that offers a true 0% introductory period for purchases. We dig into the details of the deferred financing plans below, showing how to use them correctly and why you might want to avoid them.
That’s why you earn a 5% cash back equivalent with these cards as a basic member: If you spend $100 you’ll get 250 points, worth $5, and $5 is 5% of $100. Cardholders of both cards are automatically enrolled in the Best Buy rewards program, which provides a few nice benefits, especially for frequent shoppers.
Or, if you’re a Best Buy Visa cardholder you’ll have an easier time, because every purchase you make with the card will count toward a higher status. The higher membership levels provide better perks to make shopping at Best Buy a bit cheaper and easier.
These plans give you an opportunity to pay over time without being charged interest, but there’s a big catch: If you fail to pay off the entire balance by the due date, or if you make any late payments, you’ll be charged interest going all the way back to the purchase date. So if you choose a deferred financing plan to give yourself some breathing room, you must pay off the balance by the end of the term while making timely payments each month in order to avoid interest charges.
Otherwise, you’ll end up paying quite a bit more than the original purchase price. This particular feature is why we generally recommend avoiding deferred financing and going with a card with a true 0% introductory APR period, which won’t apply retroactive interest like this.
Follow these three instructions to stay safe with deferred financing plans: These deferred financing plans can be a good deal if you’ll be responsible in paying them off, without getting confused about your repayment schedule.
Imagine you buy a laptop for $300, and you choose a 6-month deferred financing plan with an APR of 26%. Scenario 1: You pay off the deferred purchase on time, perfectly following the schedule you come up with by dividing the balance by the term length, and completely avoiding being charged interest.
In this case you’d only end up paying $31 extra, assuming you finish paying off the balance at the end of the term, but the situation could be much worse if the original balance was bigger or the repayment period was longer (we’ve heard from cardholders who have been charged hundreds of dollars in deferred interest). Say you buy a $1,000 home theater system with a 24-month deferred financing plan, at 26% APR.
On the second month you miss your payment due date by two days, because you never set up autopay. Because of that missed payment, you’ll immediately be charged interest on the full $1,000 balance for the entire 24-month loan term.
So overall you’d end up paying $1,520 in total for that fancy new system, instead of just $1,000, and every time you sit down to relax in front of it you’ll have a gnawing feeling of regret. They may sound great when the Best Buy guy is cajoling you with promises of no interest and easy low payments, but the reality is much more sinister.
The biggest difference to be aware of is that the Best Buy Gold Visa has a $59 annual fee. So, you may apply for these cards assuming you won’t have to pay an annual fee, only to find that you were only qualified for the Best Buy Gold Visa.
But fortunately, you can avoid having to pay the annual fee if you cancel your new card within 30 days. Beware the deferred financing plans, and consider choosing the 5% back in rewards instead.
If you do take a financing offer, be absolutely sure to make on-time payments every month and pay off the entire balance by the end of the term. Remember that you may only qualify for the Gold Visa version, which comes with a $59 annual fee.
We suggest taking a look at some alternative cards below that can provide true 0% APR introductory periods for purchases, or that would be good for buying the types of merchandise you’ll find at Best Buy. If you don’t qualify, you’ll next be considered for the Best Buy Credit Card account.
If you don’t get approved for that one, you’ll be considered next for a Best Buy Visa Gold account. That means you’ll want scores within a range of 580–669 for FICO or 650–699 for VantageS core.
Additional bonus categories for eligible purchases 1% back in rewards on all other purchases Points don’t expire as long as your account is active Spend $3,500 per year to reach Elite Plus status and earn 1.25 points per $1 spent at Best Buy Reward Certificates are emailed when you reach 250 points Choose between rewards or special financing offers Annual fee of $0 or $59, depending on creditworthiness There are three options when it comes time to make your My Best Buy credit card payment.
You can log in to your My Best Buy credit card account online, pay it over the phone by calling 1-888-574-1301, or you can send in your payment by mail to the address listed on your statement. The Amazon card is excellent for buying the types of merchandise you’ll find at Best Buy.
Why We Picked It You’ll earn the same 5% return, just on the full armada of Amazon merchandise. However, it could still provide a more rewarding experience, offering more bonus categories and a seemingly endless array of products to choose from.
Introductory Bonus Offer $70 Amazon.com Gift Card instantly upon approval Key Features Visa Signature Luxury Hotel Collection: At eligible hotels you’ll get a $25 food and beverage credit, automatic room upgrades when available, VIP guest status, and more.
Visa Signature Concierge: Call any time for non-emergency assistance, like help making dining or travel reservations. The Blue Cash Every day provides a broader spending and redeeming option, with the chance to earn statement credits to use towards your balance, rather than being restricted to one specific retailer.
Key Features Amex Offers: Earn extra cash back at a changing selection of merchants, including HelloFresh, Etsy, Showtime, and Harrys.com. Entertainment Access: Get pre-sale tickets to sports, music, and cultural events.
2% Cash Back at U.S. gas stations and at select U.S. department stores. Low intro APR: 0% for 15 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%.
Plan It® gives the option to select purchases of $100 or more to split up into monthly payments with a fixed fee. Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits.
Why We Picked It The HSBC Gold provides a good alternative to the Best Buy Cards if you were interested in them for their deferred financing offers. But this card has a true 0% APR, offers a relatively long window to pay it off, and can be used everywhere Mastercard is accepted.
Though it may not be as long as what the Best Buy Cards may offer for some purchases, it won’t penalize you if you don’t pay off the balance before the period ends. Travel accident insurance: Coverage against accidental death and dismemberment for you and yours, up to $1,000,000.
MasterRental Coverage: Your rental cars are covered from damage and theft. 0% Intro APR on purchases and balance transfers for the first 18 months from account opening.