Best Buy’s warehouse-style stores and commission-free staff are the brand’s most popular features. To have a better affinity with their customers, they have two credit cards available to make purchases at any of the 1,200 stores nationwide.
For technology fans, Best Buy is the first stop for purchasing their products; if you have their credit card, you will enjoy greater benefits and options thanks to their subscription and loyalty gifts.
Best buy online payment
Depending on the credit card you have, you will be able to make purchases at different online sites. If you have purchased the Best Buy credit card that does not contain the MasterCard logo, you can make purchases on the HSBC website.
If you are a Best Buy Reward Zone MasterCard account holder, you are allowed to make purchases on the Best Buy website. Both sites allow you to make payments online for free, and the payment process is easy.
Register your Best Buy credit card
When you purchase a Best Buy credit card, you will notice that it does not have the MasterCard logo, so you can only shop at the brand’s store. You must register on the website to get a username and password to start shopping.
When you enter the page, you must go to the “registration” option, and you will see a form that you must fill in with your account number and the name as it appears on the credit card. You must also add your date of birth, the last four digits of your social security number, and an email address.
On the next page, you must choose how you would like to receive your monthly statement, either electronically or directly to your home via postal mail. You must set up a security question and answer to confirm the information.
You can also set up your checking account to automatically deduct the monthly amount to make your payments.
The difference between the two Best Buy Credit Cards
You decide between “My Best Buy Citi Credit Card” and “My Best Buy Citi Visa” the former is a closed-loop store credit card, meaning you can only use it to make payments in stores or through the brand’s online website.
You won’t have to worry about annual payments, one of its biggest benefits. The Best Buy Citi Visa card is open circuit; you can pay with it in any establishment where Visa cards are accepted.
The “My Best Buy Citi Visa” is divided into two; the difference is the annual fee of each one. You have the Best Buy Gold Visa card with a $59 yearly fee and the platinum card, which has no annual fee. When you apply, you are first considered for the Platinum.
The credit score you need to apply for a Best Buy Citi credit card
Best Buy does not indicate any credit score range for approving you for the cards; it is estimated that you can qualify for at least the basic version of the card with less than good credit.
The easiest card to get is the closed-loop card; if you have fair credit or lower than average credit than estimated good, you should start with this one. The Best Buy visa credit card with an annual fee is easier to approve than the one without yearly fees.
My Best Buy credit card terms
It is a credit card with promotional financing, and in addition to this, you will be charged an interest rate that is equal to the prime rate and will add up to 21.99%. You will also be responsible for late fees as high as $40.
Both the closed-loop and Visa credit cards offer you 5% cashback. The branded Visa cards typically give you 3% cashback on fuel purchases, 2% on food or restaurants, and 1% cashback.
Best Buy credit card benefits
Rewards are one of the most notorious benefits; with the Best Buy credit card, you will earn 5% cashback on purchases at any of their stores and 6% cashback for customers at the Elite Plus status level.
To qualify in this range, you must have purchases of just over $3,500 at any Best Buy store for an entire year. Best Buy Visa credit cards have more bonus categories by allowing you to use them at different establishments.
Should note that Best Buy uses points and percentages for its rewards. For example, each point is worth $0.02 to earn a reward certificate.
When you get your Best Buy credit card approved, you will earn 10% cashback on the first purchase you make at one of their stores. To take advantage of the bonus, you must complete the purchase within 14 days of being approved for your card.
Periodically you will have the possibility of having financing with deferred interest; if you pay your current debt in the term assigned by the brand, you will not have to pay any interest. The availability of this benefit is variable.
Although it is advisable to pay for purchases in full when you make them, Best Buy’s financing plans have good terms if you don’t have the financial means to pay for everything right away.
If you decide to choose one of their plans, we recommend that you evaluate the amount paid each month to be prepared to make the full payment in the zero-interest term. The minimum payment amount is sometimes not enough to take advantage of the financing benefits of the moment; you will end up paying late payment interest.