Best Buy Credit Card Incentives

There are two basic versions of the Best Buy Citi Credit Card. One is a "closed-loop" store card, meaning it's accepted only at Best Buy and BestBuy.com. The other card is an "open-loop" credit card, meaning it is accepted anywhere that takes Visa.

best buy credit card incentives

As of February 2023, the My Best Buy Credit store cards carried annual percentage rate (APR) interest charges with variable rates from 28.74% to 30.74% and fixed rates from 9% to 26.34%. My Best Buy Visa cards were issued with variable rates of 15.24% to 30.74% and non-variable rates from 9.99% to 20.24%."}},"@type": "Question","name": "What Is the Difference Between the My Best Buy Visa card and the My Best Buy Credit Store Card?","acceptedAnswer": "@type": "Answer","text": "The My Best Buy Visa card can be used anywhere and earns rewards on purchases made anywhere. The My Best Buy Credit store card can be used only at Best Buy and only earns rewards on purchases made at Best Buy.","@type": "Question","name": "Where Can I Get the My Best Buy Credit Store Card?","acceptedAnswer": "@type": "Answer","text": "You can get the My Best Buy Credit store card in store at Best Buy or online at BestBuy.com.","@type": "Question","name": "What Kind of Credit is Required for the My Best Buy Cards?","acceptedAnswer": "@type": "Answer","text": "Fair or better credit is required to get approved for a My Best Buy Credit store card. The better your credit, the greater your odds of being approved for the My Best Buy Visa card."]}]}] Investing Stocks Bonds Fixed Income Mutual Funds ETFs Options 401(k) Roth IRA Fundamental Analysis Technical Analysis Markets View All Simulator Login / Portfolio Trade Research My Games Leaderboard Economy Government Policy Monetary Policy Fiscal Policy View All Personal Finance Financial Literacy Retirement Budgeting Saving Taxes Home Ownership View All News Markets Companies Earnings Economy Crypto Personal Finance Government View All Reviews Best Online Brokers Best Life Insurance Companies Best CD Rates Best Savings Accounts Best Personal Loans Best Credit Repair Companies Best Mortgage Rates Best Auto Loan Rates Best Credit Cards View All Academy Investing for Beginners Trading for Beginners Become a Day Trader Technical Analysis All Investing Courses All Trading Courses View All TradeSearchSearchPlease fill out this field.SearchSearchPlease fill out this field.InvestingInvesting Stocks Bonds Fixed Income Mutual Funds ETFs Options 401(k) Roth IRA Fundamental Analysis Technical Analysis Markets View All SimulatorSimulator Login / Portfolio Trade Research My Games Leaderboard EconomyEconomy Government Policy Monetary Policy Fiscal Policy View All Personal FinancePersonal Finance Financial Literacy Retirement Budgeting Saving Taxes Home Ownership View All NewsNews Markets Companies Earnings Economy Crypto Personal Finance Government View All ReviewsReviews Best Online Brokers Best Life Insurance Companies Best CD Rates Best Savings Accounts Best Personal Loans Best Credit Repair Companies Best Mortgage Rates Best Auto Loan Rates Best Credit Cards View All AcademyAcademy Investing for Beginners Trading for Beginners Become a Day Trader Technical Analysis All Investing Courses All Trading Courses View All Financial Terms Newsletter About Us Follow Us Facebook Instagram LinkedIn TikTok Twitter YouTube Table of ContentsExpandTable of ContentsHow the My Best Buy Credit Cards WorkRewards and BenefitsAlternativesTerms and ConditionsWho Should Consider This Card?FAQsThe Bottom LineCredit CardsRewards Credit CardsHow the My Best Buy Credit Card Works: Benefits and RewardsByRae Hartley BeckUpdated February 21, 2023Reviewed byKhadija Khartit Reviewed byKhadija KhartitFull Bio LinkedIn Twitter Khadija Khartit is a strategy, investment, and funding expert, and an educator of fintech and strategic finance in top universities. She has been an investor, entrepreneur, and advisor for more than 25 years. She is a FINRA Series 7, 63, and 66 license holder.Learn about our Financial Review BoardFact checked byVikki Velasquez Fact checked byVikki VelasquezFull Bio LinkedIn Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed various community and nonprofit organizations. She has conducted in-depth research on social and economic issues and has also revised and edited educational materials for the Greater Richmond area.Learn about our editorial policiesBest Buy (BBY) is a consumer electronics retail chain with more than 1,000 locations and approximately 100,000 employees located throughout the United States and Canada. Best Buy provides a variety of products through its national store network and online, including appliances, computers, cell phones, gaming systems, sound systems, hardware, software, and entertainment products.

As of February 2023, the My Best Buy Credit store cards carried annual percentage rate (APR) interest charges with variable rates from 28.74% to 30.74% and fixed rates from 9% to 26.34%. My Best Buy Visa cards were issued with variable rates of 15.24% to 30.74% and non-variable rates from 9.99% to 20.24%.

The My Best Buy Visa card can be used anywhere and earns rewards on purchases made anywhere. The My Best Buy Credit store card can be used only at Best Buy and only earns rewards on purchases made at Best Buy.

For $199.99 per year, or $179.99 per year for Best Buy credit card holders, membership also includes access to a concierge service that is available only to Best Buy Beta members. The Best Buy concierge team is available 24/7 by phone, chat, email or through the Best Buy app.

If you're in the market for new tech this season, you're in luck. Many American Express cardholders are currently being targeted for deep discounts at major electronic retailers through the Amex Offers program, including Best Buy, Dell and Amazon.

If you have a co-branded Amex card such as the Delta SkyMiles Gold American Express Card or Marriott Bonvoy Brilliant American Express Card, you might see an offer to earn a statement credit after meeting a certain spending requirement. If that's the case, keep in mind that statement credit offers and Membership Rewards point offers are actually not considered the same. So if you happen to have both types of Best Buy offers appear, you should be able to add them both to your account despite American Express's one offer per account rule.

We're also currently seeing a similar offer which allows you to earn 1x additional point for every dollar spent on Dell purchases. This offer appears to be fairly widely available on Membership Rewards-earning cards, including The Platinum Card from American Express, and is valid through the end of the year.

Perhaps the most rewarding Amex Offer currently available is for 5x additional Membership Rewards points per dollar spent on Amazon purchases. Similar to Best Buy, Amazon also sells dozens of third-party retailer gift cards, and they appear to be eligible for bonus points. This offer is available through Nov. 13, 2020.

Best Buy is scheduled to conduct an earnings conference call at 8:00 a.m. Eastern Time (7:00 a.m. Central Time) on March 2, 2023. A webcast of the call is expected to be available at www.investors.bestbuy.com,both live and after the call.

Progressive Leasing requires no credit check for approval. Instead, approval is based on factors like income and employment. While flexible and accessible to those with lower credit scores, Progressive Leasing is more restrictive than with credit cards; items such as drones, software, delivery charges and Geek Squad protection plans might not be eligible purchases.

This card offers superior points earning rates if you spend frequently on travel and dining out. The $300 travel credit justifies much of the annual fee, and redeeming points for travel on Chase Ultimate Rewards.

This card has the brawn to handle just about all of your credit card spending needs without an over-inflated price tag. The card has an annual fee of $0, yet comes with a pumped-up earnings structure that covers a wide swath of expenses including travel, drugstores and dining plus rotating quarterly bonus categories in areas many households are likely to find appealing.

For moderate spenders who are willing to activate the 5% rotating categories and track the quarterly spending cap, this no-annual-fee card can deliver tidy rewards outside of its ongoing 1% earning rate.

The flagship card from Hilton, the Hilton Honors Aspire Card from American Express comes with a price tag to match its top-tier status and perks. It's a perfect fit for big spenders who haunt Hilton properties enough to leverage the rich suite of benefits that come with the complimentary Diamond status.

For those who prefer staying at Marriott's 7,000+ properties, this card offers a robust set of perks and rewards potential. The annual free night alone (valued at 35,000 points) can justify the annual fee, and Silver Elite status is just icing on the cake. Thinking about carrying a balance? The high APR could easily eclipse the value of your hard-earned rewards. 041b061a72