Are you a frequent shopper at Best Buy? Why not take advantage of their credit card program? The Best Buy credit card offers rewards for every purchase, including 5% back on all purchases at Best Buy (2.5 points per $1 spent). This means you can earn points and redeem them for discounts on future purchases. So, what are the benefits of paying with the Best Buy credit card?
Are you considering getting a Best Buy credit card? Check out this Youtube video: “Best Buy Credit Card Review 2020” for an unbiased review and helpful tips on how to use it wisely.
Contents
What is a Best Buy Credit Card?
A Best Buy Credit Card is a store credit card issued by Citibank and available to use exclusively at Best Buy stores. The card offers rewards rates of 5% back on all purchases at Best Buy (2.5 points per $1 spent) and flexible financing options. There is also a My Best Buy Visa card available which can be used anywhere and earns rewards on Best Buy purchases as well as 3% on gas purchases, 2% on grocery and dining purchases, and 1% on everything else.
Types of Best Buy Credit Cards
If you’re a regular Best Buy shopper, it’s worth knowing the different types of credit cards they offer:
My Best Buy Credit Card
This is a great option for loyal Best Buy shoppers. The My Best Buy Visa card is a general-use credit card offered by Citibank. If you’re approved, you can use the card anywhere and earn rewards on purchases. For every dollar spent on Best Buy purchases, you’ll get 5% back in rewards (2.5 points per $1 spent). You’ll also get 3% back in rewards on gas purchases, 2% back in rewards on grocery and dining purchases, and 1% back in rewards on everything else. This card requires fair credit or better to get approved.
Best Buy Credit Card (Closed-loop Store Card)
If you only shop at Best Buy, this card might be the right choice for you. It’s a “closed-loop” store card, which means it’s only accepted at Best Buy. It gives you 5% back in rewards on all Best Buy purchases (2.5 points per $1 spent). With this card, you’ll also get flexible financing options.
Best Buy Business Credit Card
If you’re a small business owner, the Best Buy Business Credit Card might be a good option for you. This card is designed for businesses and offers rewards and financing options. With this card, you’ll get 3% back in rewards on purchases from Best Buy, 2% back in rewards on dining and office supply purchases, and 1% back in rewards on everything else. The card also comes with flexible financing options. You’ll need a valid tax ID number to apply.
Best Buy Visa Credit Card
The Best Buy Visa Credit Card is a general-use credit card issued by Citibank. It can be used anywhere and gets 2.5 points per $1 spent on Best Buy purchases. You’ll also earn 1 point per $1 spent on everything else. This card requires good credit or better to get approved.
My Best Buy Credit Card Plus
The My Best Buy Credit Card Plus is a step up from the regular My Best Buy Credit Card. If you spend $3,500 or more on eligible purchases per year, you’ll qualify for this card. With this card, you’ll earn 6% back in rewards on Best Buy purchases (3 points per $1 spent), 3% back in rewards on gas purchases, 3% back in rewards on grocery and dining purchases, and 1% back in rewards on everything else.
Rewards and Discounts
If you are a frequent shopper at Best Buy, then owning a Best Buy credit card is a must. The rewards rates are decent, and the discounts are unbeatable. With a My Best Buy Visa card from Citibank, you can earn 5% to 6% back on Best Buy purchases, depending on the promotion duration. In addition, you can also earn 3% rewards on gas purchases, 2% rewards on grocery and dining purchases, and 1% rewards on everything else. With flexible financing options, you can take advantage of special deals and spread your payments out over time.
The Best Buy Citi Credit Card comes in two basic versions. One is a “closed-loop” store card that is only accepted at Best Buy, while the other can be used anywhere. Both versions offer 5% back on all purchases at Best Buy, which is equivalent to earning 2.5 points per $1 spent.
However, the redemption process is a bit clunky. Points can only be redeemed for Best Buy rewards certificates, which come in denominations of $5, $10, $20, $25, $50, and $100. Furthermore, redeeming points for rewards certificates requires you to log in to your Best Buy account online or on your app, which can be a hassle if you’re on the go.
How to Apply for a Best Buy Credit Card
If you’re a fan of Best Buy and its products, you might be interested in getting a Best Buy credit card to enjoy its perks and reward rates. Here’s a step-by-step guide on how to apply for a Best Buy credit card:
Step 1: Meet the Minimum Qualifications
Before applying for a Best Buy credit card, you have to at least be 18 years old, have a valid social security number, and have fair credit or above. Make sure you meet these qualifications first to increase the chances of getting approved.
Step 2: Create a BestBuy.com Account
Head over to the BestBuy.com official website and create an account. If you’re an existing member, log in to your account before proceeding with your Best Buy credit card application.
Step 3: Complete the Application
Once you’ve created an account, head over to the Best Buy credit card application page and complete the application. The application will ask for your personal information, contact information, and financial information. Be sure to fill out everything accurately and truthfully.
Step 4: Choose Your Type of Card
After completing the application, you’ll need to choose which type of Best Buy credit card you want. There are two basic versions of the Best Buy Citi Credit Card: a closed-loop store card, which is only accepted at Best Buy, and an open-loop Visa card, which can be used anywhere Visa is accepted. Make sure you read the terms and conditions and choose accordingly.
Step 5: Agree to Interest Rates and Fees
Before finalizing your application, you’ll be asked to agree to the interest rates and fees associated with your chosen Best Buy credit card. Make sure you read and understand the terms before proceeding.
Step 6: Await Your New Card
If you’re approved for a Best Buy credit card, you’ll receive it in the mail within 7 to 14 days after your application is approved. Once you receive your card, activate it by following the instructions that came with it.
With this simple guide, you can enjoy the benefits and perks of owning a Best Buy credit card. Just remember to use it responsibly and pay your bills on time to maintain a good credit score.
How to Make a Best Buy Credit Card Payment
Best Buy offers several convenient options to make payments towards your credit card balance:
- Online: Log in to your Best Buy account online and make a payment with your checking account or savings account.
- Phone: Call 1-888-574-1301 to make a payment through Best Buy’s automated payment system. Be sure to have your account number and a valid check from a U.S. bank ready.
- Mail: Send a check or money order with your account number written in the memo line to the address listed on your monthly statement.
- In-store: Make a payment at any Best Buy store using cash or a check.
Remember to make payments on time to avoid late fees and interest charges. You can set up automatic payments to ensure that you never miss a payment.
Online Payments
If you want to pay your Best Buy credit card bill online, you can do so by following these simple steps:
- First, you need to visit Best Buy’s website and click on the “Credit Cards” section.
- Next, select “Make a Payment” and enter your credit card details to authorize the payment.
- If it’s your first time making an online payment, you’ll need to create a Best Buy account by clicking on “Create an Account” and filling out the required information.
- Once you’ve created your account, you can log in to your Best Buy account online and select your credit card from the payment options available.
- Enter the amount you want to pay and select the payment method you prefer.
- Finally, review your payment details and click on “Submit” to complete the transaction.
When making an online payment, you can choose to make a one-time payment or set up automatic payments to ensure your bills are always paid on time. By setting up automatic payments, you can avoid late fees and protect your credit score.
In-Store Payments
If you prefer to make your Best Buy credit card payment in person, you can head to any Best Buy store location during their regular business hours. You can use cash or a check to pay off your balance. To find the payment kiosks, simply ask a cashier for assistance or go to the customer service desk. They will be able to look up your account and process your payment right away.
Payments by Phone
To pay your Best Buy credit card balance over the phone, you can call the automated system at 1-888-574-1301. Before calling, make sure you have your account number and a valid check from a U.S. bank ready. There is no fee for making a payment through the automated system. Once you call, simply follow the prompts to enter your card information and choose how much to pay and when to pay it. You can also make a payment using the automated phone system by logging in to your online account and clicking “Make a Payment”.
Payments by Mail
If you prefer to pay your Best Buy credit card through the mail, you can send a check or money order to the address provided by the company. The address to which you need to send your payment depends on the type of card you have. Make sure to include your account number with your payment to ensure that it is applied correctly. It is important to note that payment processing by mail takes longer than other payment methods, so be sure to allow for extra time for the payment to be received and processed.
FAQs
How do I check my Best Buy credit card balance?
To check your Best Buy credit card balance, you can log in to your Best Buy account online or through the Best Buy mobile app. Once logged in, click on the “Credit Card” option and then select “View Account Details”. You can also call the customer service hotline at 1-888-574-1301 to check your balance.
Is there a fee to pay my Best Buy credit card online?
No, there is no fee to pay your Best Buy credit card online. You can log in to your Best Buy account online or through the Best Buy mobile app to pay your bill. You can also call the customer service hotline at 1-888-574-1301 to make a payment without any additional charges.
Can I use my Best Buy credit card to make purchases outside of Best Buy?
Yes, you can use the My Best Buy Visa card, issued by Citibank, to make purchases anywhere that accepts Visa. However, you will only earn rewards on purchases made at Best Buy stores or BestBuy.com. If you have the standard Best Buy store card, it can only be used at Best Buy locations.
Conclusion
In conclusion, having a Best Buy credit card is beneficial as it provides rewards and benefits such as promotional financing for Best Buy purchases, 5%-6% rewards on Best Buy purchases, 3% rewards on gas purchases, 2% rewards on grocery and dining purchases, and 1% rewards on everything else. Making payments for the Best Buy credit card can be done through various methods such as online, over the phone, in-store, or through mail. To apply for a Best Buy credit card, simply create a BestBuy.com account and complete the application process. Overall, the Best Buy credit card is a convenient and rewarding way to purchase electronics and appliances from Best Buy.
References
1. Best Buy Credit Card Review
2. NerdWallet’s Review of Best Buy Credit Card
3. Best Buy Financing & Rewards Overview
Looking for ways to pay your Best Buy credit card? You have various options to choose from, including online payment, phone payment, mail payment, and in-store payment. Here’s how to pay your Best Buy credit card:
Log in to your Best Buy credit card account and click “Make a Payment”. Choose your payment amount, date, and funding source. Review and submit your payment.
You can make a payment over the phone by calling 1-888-574-1301. The automated system will guide you in entering your card information and payment amount.
Send a check or money order along with your account number to the address on your monthly Best Buy credit card statement. Allow enough time for it to be delivered and processed.
You can pay your Best Buy credit card at any Best Buy store location. Simply go to the customer service desk or ask a cashier for assistance. They’ll be able to look up your account and process your payment with cash or a check.
Remember to pay your Best Buy credit card on time to avoid late fees and interest charges.
Additionally, you may wish to review the financing and rewards options for your Best Buy credit card to help you manage your purchases and maximize your rewards.
The Best Buy Credit Card and My Best Buy Visa card offer various financing and rewards options for Best Buy purchases and other eligible purchases. Here are some key features of these credit cards:
Qualified purchases may be eligible for promotional financing options, including deferred-interest financing, equal monthly payment financing, and other financing options. These may vary depending on the credit card you have, your creditworthiness, and other factors. Be sure to read the terms and conditions carefully before using any financing option.
Both the Best Buy Credit Card and My Best Buy Visa card offer rewards rates for eligible purchases. The Best Buy Credit Card offers 5% back in reward certificates, or flexible financing options, on eligible purchases at Best Buy. The My Best Buy Visa card offers 5-6% rewards on eligible purchases at Best Buy, 3% on gas purchases, 2% on grocery and dining purchases, and 1% on everything else.
Overall, these financing and rewards options can help you save money and earn rewards on your purchases. However, be sure to use them wisely and pay off your balances on time to avoid interest charges and fees.
