Best Buy is a consumer electronics retail business with over 1,000 locations and about 100,000 employees in the United States and Canada. Its national retail network sells various products online, including appliances, computers, cell phones, gaming systems, sound systems, hardware, software, and entertainment devices. With its availability of Credit Cards (Best Buy Credit Cards), it is even easier for its customers to make payments on the platform.
This article will discuss Best Buy credit cards, reviews, and all you should know.
Best Buy Credit Cards
Like many other significant stores, Best Buy offers its clients credit financing options, including credit cards. Customers can choose between a retail credit card from Best Buy and a co-branded, general-use Visa credit card that offers the option of rewards or preferential financing options.
The Citibank My Best Buy Visa card is a general-purpose credit card that can be used anywhere and earns 5%–6% back on Best Buy purchases, 3% back on gas purchases, 2% back on grocery and dining expenditures, and 1% back on everything else.
Best Buy Customer Service
With the help of their reliable customer service, you can get through any difficulties while going through their online stores.
Their support center offers all kinds of help to issues of their customers
How Do I Reach Best Buy Customer Service?
- Online: Log into your Best Buy account, click “Get Help,” and a virtual assistant will assist you with some frequent questions, such as promotional balances or the most frequently asked questions.
- By Phone: You can reach a representative by dialing (888) 574-1301 or the number on the back of your card.
- By Mail: You can write to Best Buy® Credit Card using the postal system. Where to find them:63179-0441 P.O. Box 790441 St. Louis, Missouri 63179.
Remember that mailing a letter to customer service is the least convenient option because it will take a few business days for it to get there.
My Best Buy Credit Cards Online
You can manage your Best Buy credit cards online, anytime, using any device.
You can also access discounted product prices and bonuses when you use credit cards online.
Best Buy Credit Cards Review
My Best Buy credit card is not the best choice unless you make regular large purchases at major retailers. In this case, you can generate rewards redeemable only at Best Buy.
If you frequently shop at Best Buy and pay your bill in full each month, you may consider applying for the Best Buy Credit Card.
Its standout feature is the option to receive 5% back on Best Buy purchases (in the form of Best Buy gift vouchers).
The deferred interest provision in its financing arrangements is its major shortcoming. You also have to decide between promotional loans and prizes.
How Does Best Buy Credit Cards Work?
They can be applied online or in a Best Buy store.
While the My Best Buy Visa card can be used and earned rewards anywhere, the My Best Buy Credit store card can only be used at the Best Buy store.
Like many store cards, the My Best Buy card offers points and incentives, like special financing for purchases. It has the high annual percentage rate (APR) of most shop credit cards and requires fair or better credit.
The co-branded Visa version of the card likewise offers high-interest rates unless promotional financing is used for larger transactions.
Rewards and Benefits
The main benefit of the My Best Buy credit card is that it gives cardholders 5% back in rewards.
The My Best Buy credit card also offers deferred interest promotional deals, which means you pay no interest.
If you pay off your debt in full by the conclusion of the promotional period.
However, no points are received on the amount funded if promotional financing is employed.
Purchases of $299 or more are eligible for 12 months of no interest if paid in full within those 12 months. If it is not paid in full, interest will be charged starting from the date of purchase.
Other promotional financing is listed in the terms and conditions issued by the card’s issuer, Citibank, and includes:
- No interest for 24 months (no minimum amount required).
- No interest for 36 months (no minimum amount required).
- 0% interest if paid in full by a particular date (no minimum amount given).
How Many Credit Cards Does Best Buy Offer?
You may apply for a Best Buy credit card in-store or online, but the procedure is quite convoluted. And you have no say over which type of card you receive.
Types of Best Buy Credit Cards
There are two basic types:
- My Best Buy Credit Card is a “closed-loop” shop card only accepted at Best Buy. There is no annual charge.
- My Best Buy Visa card is an “open-loop” credit card that can be used anywhere Visa accepts. The only difference between these cards is the annual charge.
When you submit your application, then Best Buy will notify you of which one you have been accepted for:
- Gold. The annual fee for this version is $59.
- Platinum. There is no annual fee for this version.
Meanwhile, when you apply for a credit card, Best Buy claims that you are initially given consideration for the My Best Buy Visa Platinum (open-loop, no annual fee).
If you don’t meet the requirements, you will then be considered for the My Best Buy Credit Card (store card) and My Best Buy Visa Gold (with an annual charge), in that order.
Your creditworthiness will determine which version, if any, you are accepted for.
Who Does the Best Buy Card Go Through?
Citibank issues the Best Buy® Credit Card. The Best Buy® Store Card and the Best Buy® Gold Visa Credit Card are both equivalent.
Citibank, N.A., is the major banking arm of the financial services conglomerate Citigroup.
Savings accounts, deposits, loans, mortgages, investment funds, credit and debit cards, insurance, capital markets, and advisory, electronic, and private banking services are all available from the bank. Citibank has customers all over the world.
What Type of Card Is the Best Buy Card?
The Best Buy card is a visa card.
How Long Does It Take To Get a Credit Card From Best Buy?
If you clearly meet the requirements and the issuer can quickly confirm your identification, you might immediately be authorized for the Best Buy® Credit Card.
The additional assessment of other applications could take up to 10 working days.
However, just because you don’t hear back immediately after applying doesn’t imply you won’t get a chance until your application will be on the reviewing side.
Within 10 business days of applying, the majority of applicants get a mail notification of the issuer’s final decision.
Finally, if your application is approved, you will receive your replacement card in the mail 14 days after it is approved.
Can the Best Buy Credit Card Be Used Anywhere?
The My Best Buy store credit card, which may only be utilized at Best Buy locations and on the company’s website, is issued by Citibank and is meant to benefit customers. It cannot, therefore, be used elsewhere, such as on Amazon or Walmart, and is not a standard credit card.
Anywhere Visa network cards are accepted, the My Best Buy Visa can be used. It gets rewards on all eligible transactions, including dining and groceries, and earns 3% back on gas, 2% on dining, and 1% on all other eligible purchases.
Is It Easy to Get Approved for a Best Buy Card?
Given that approval for the Best Buy® Credit Card requires at least excellent credit, getting one is not exactly easy. Getting accepted for the Best Buy® Credit Card will be challenging unless your credit score is 700 or higher and you have a sizable salary.
It is crucial to note that the Best Buy® Store Card and Best Buy® Gold Visa Credit Card acceptance requirements are more liberal.
Accepting applicants with fair credit (a credit score of 640 or higher).
You must be at least 18 years old, have a stable income, and meet the credit score criteria to qualify for the Best Buy® Credit Card.
A Best Buy account and a Social Security number are also requirements.
Even if you fulfill all requirements for the Best Buy® Credit Card, approval is not assured.
Summary
Best Buy offers credit financing options, including a retail credit card and a co-branded Visa credit card. Customer service is available online, by phone, or by mail.
The Best Buy Credit Card offers 5% back on Best Buy purchases, but deferred interest and promotional loans are its major shortcomings.
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