A:

Best Buy has two credit cards available. One can only be used through Best Buy and its affiliates, and the other can be used at any retailer that accepts Visa.

Rewards

Both cards are part of the My Best Buy rewards program and offer 5% cash back on purchases from Best Buy and its affiliates. Elite Plus members receive 6% cash back on Best Buy purchases. To become an Elite Plus member, cardholders must spend $3,500 or more at Best Buy or its affiliates in a calendar year. The first calendar year begins on the date a consumer is approved for the card, and it continues until the last day of the following February.

The Best Buy Visa card also offers cardholders one point for every $1 spent on dining and grocery purchases and one point for every $2 spent on everything else. This equates to 2 and 1% cash back, respectively. It offers various enhanced reward categories throughout the year, such as additional rewards for gasoline purchases.

Promotional Financing

Both cards currently offer six-month interest-free financing on purchases totaling $199 or more. An 18-month promotional offer is available for cardholders who make purchases totaling $479 or more. Both offers require the cardholder to pay the balance in full by the promotional end date, or interest will be charged from the date of purchase. By using the promotional financing, cardholders do not qualify for cash back rewards for that purchase.

Ways to Pay

Cardholders can make payments online through the Best Buy website, or they can pay their bills by cash or check in a Best Buy store. Statements arrive monthly by mail and include a return address for payment if cardholders do not choose the paperless option. Cardholders can also call the automatic telephone system and pay by check over the phone.

RELATED FAQS
  1. Can you pay off your Best Buy credit card in store?

    Learn how you can pay your BestBuy credit card in stores using cash or check. You can also pay by mail, online or over the ... Read Answer >>
  2. How can you pay your Walmart credit card?

    Learn about the Walmart credit card and how to make payments by a check, online, at Walmart and Sam's Club stores, or over ... Read Answer >>
  3. What are some examples of common credit card reward program benefits?

    Learn about different benefits available to credit card holders including cash back, air travel miles, introductory rates, ... Read Answer >>
  4. What are some tips for getting the most out of my credit card rewards program?

    Get tips to get the most out of a credit card rewards programs and discover what the most important factors are when choosing ... Read Answer >>
  5. How is the minimum payment on a credit card calculated?

    Even when minimum payments are low, consumers should still aim to pay off credit card balances every month. Read Answer >>
Related Articles
  1. Personal Finance

    Credit Card Review: Blue Cash Everyday Amex (AXP, KSS)

    Read about the Blue Cash Everyday Amex card, and learn how it saves cardholders money on groceries, gas and other household purchases throughout the year.
  2. Personal Finance

    Credit Card Review: Citi Double Cash

    Learn about the Citi Double Cash credit card and its simple cash back program that pays a combined 2% rate on every card purchase.
  3. Personal Finance

    Credit Card Review: BankAmericard Cash Rewards (BAC)

    Read about the BankAmericard Cash Rewards card, and learn how to start earning unlimited cash back with its simply rewards program.
  4. Investing

    Credit Card Review: Capital One Quicksilver Rewards (COF)

    Learn more about the Capital One Quicksilver Rewards card and how its simple cash back rewards program can put more money in your pocket.
  5. Personal Finance

    3 Best Credit Cards for Traveling to the UK (COF, BCS)

    Discover three of the best credit cards to use while traveling to the United Kingdom, based on security and rewards programs.
  6. Personal Finance

    Credit Card Review: Capital One Venture Rewards (COF)

    Learn how the Capital One Venture Rewards card helps you earn unlimited rewards miles to pay for all types of travel expenses, such as airfare and hotel costs.
  7. Personal Finance

    3 Best Credit Cards for College Students in 2016

    Find out which credit cards are best suited to college students, based on criteria such as annual percentage rate, rewards programs and money management tools.
  8. Insights

    How Amazon Financing Works (AMZN)

    Amazon.com offers its customers two versions of its own store credit card, with interest-free financing on designated item categories, as well as an Amazon Visa card.
  9. Personal Finance

    Pros and Cons Of The My Best Buy Credit Card

    If Best Buy is your home away from home, a Best Buy credit card may pay off for you. Otherwise, a cash back card may be the better deal.
  10. Personal Finance

    How to Effectively Compare Credit Card Rewards

    There are so many different reward credit cards that are available. Understanding how each type work will help you pick the best card for your needs.
RELATED TERMS
  1. Additional Cardholder

    An added or secondary user added to a credit card account by ...
  2. Tiered Rewards

    Cash back, points or miles that a credit card offers at different ...
  3. Billing Statement

    A periodic report that credit card companies issue to credit ...
  4. Go-To Rate

    The interest rate that will come into effect after an introductory ...
  5. Plain Vanilla Card

    A basic credit card with no special features or perks and no ...
  6. Purchase Rate

    The interest rate applied to purchases made with a credit card.
Trading Center