Is the My Best Buy® Visa® Card worth applying for?
A store credit card with great rewards for the loyal Best Buy shopper
- Get this card if… you’re a frequent Best Buy shopper.
- Pick something else if… you don’t shop often at Best Buy.
- The My Best Buy Credit Card does one thing really well: get you rewards that you can later spend at Best Buy. If you find yourself returning to the store again and again, keeping track of the latest Best Buy promo codes and coupons, then this card might be for you.
Up to 6%
Up to $59
Intro Purchase APR
for the first up to 48 months reduced rate (then 26.99% variable)
Recommended credit score
|Product Name||My Best Buy® Visa® Card|
|Annual fee||Up to $59|
|Purchase APR||11.9% intro for the first up to 48 months reduced rate (then from 26.99% variable)|
|Balance transfer APR||27.24% variable|
|Balance transfer fee||$15 or 5% of the transaction, whichever is greater|
|Interest free period||Up to 25 days|
|Late payment fee||Up to $39|
|Additional cardholder fee||$0|
There are two types of My Best Buy credit cards: the My Best Buy Credit Card (which includes the Basic and Preferred versions), and the My Best Buy® Visa® Card (which includes the Gold and Platinum versions).
- The My Best Buy Credit Card is a store card, so you can only use it at Best Buy.
- You can use the My Best Buy® Visa® Card like a normal credit card. After you apply, you’ll either be approved for the Gold version ($59) annual fee or the Platinum version ($0) annual fee.
Though there are two main cards, you don’t choose which one to apply for. You’ll simply submit a general application, then Citibank (the issuing bank) will consider you for the My Best Buy Platinum, My Best Buy Credit Card Preferred, My Best Buy Credit Card or My Best Buy® Visa® Card — in that order. After the approval process, you’ll receive the card Citibank deems you best qualified for.
SPECIAL APR: Reduced interest on eligible purchases.
On some purchases, you’ll get an 11.9% promotional APR on Best Buy’s 48-month credit plan.
REWARDS: Get points for qualifying purchases.
Earn 5% cash back on Best Buy purchases. If you’re a My Best Buy Elite Plus member, you’ll earn 6% back.
SPECIAL FINANCING: Access to deferred-interest promotions.
Best Buy will occasionally send you deferred-interest offers. On these purchases, you can use your card and accrue no interest if you pay in full within a specified time period.
My Best Buy® Visa® Card Bonus Perk
ADDITIONAL REWARDS: For purchases outside of Best Buy.
Earn 3% cash back on gas. Earn 2% at restaurants and grocery stores. And earn 1% on everything else.
What to watch out for
The My Best Buy card comes with a high 26.99% variable APR, so consider paying off your card balance each month.
Fees for late and returned payments.
For each late or returned payment, you’ll pay a fee of up to $39.
Compare credit cards
Looking for a credit card to earn rewards? Compare cards below and look for a card that allows you to earn rewards on all your purchases, not just your purchases at Best Buy.
Best Buy Credit Card rewards programs
When you’re approved for a My Best Buy card, you can choose between two rewards programs:
- Accrue points that you can redeem for Best Buy rewards certificates (normally 5% per dollar spent; 6% if you’re an Elite Plus member).
- No interest on purchases $399 or more if you pay in full within 12 months.
To attain Elite Plus status, you need to spend $3,500 at Best Buy or BestBuy.com in a calendar year.
Additional rewards for the My Best Buy® Visa® Card
With the My Best Buy® Visa® Card, you’ll get additional points on purchases outside of Best Buy, including home improvement stores, restaurants and grocery stores.
Applying for the Best Buy Credit Card
To apply for the My Best Buy card, you must be at least 18 years old.
What credit score do I need?
You’ll have a better chance of being approved for the My Best Buy® Visa® Card if you apply with a good to excellent credit score of 670 or higher. You’ll likely be approved for the My Best Buy Credit Card with a fair credit score of at least 620.
How to apply for the My Best Buy® Visa® Card
1. On the Best Buy website, click the Apply Now button.
2. Create an account or sign in to your My Best Buy account.
3. Fill out the application form. Provide information like your contact information, total annual income and Social Security number.
How long will it take to be approved?
It can take up to 14 days to receive approval for the My Best Buy® Visa® Card. Approval is decided by Citibank, not Best Buy.
I got the card — now what?
- Making payments. The My Best Buy® Visa® Card is distributed by Citibank. You can pay your bills online by signing into Citibank’s online portal.
- Avoiding interest payments. After the close of each billing cycle, you have a grace period of 25 days to pay your balance. If you do, you won’t pay interest on your purchases.
- Avoiding fees. Late and returned payments come with hefty fees of up to $39.
- Customer service. If you have questions about your account, you can contact Citibank support at 1-888-574-1301.
You should pass on the My Best Buy® Visa® Card and compare other store credit cards if you’re only an occasional Best Buy shopper. But if you come back to the store again and again, you’ll find that the My Best Buy® Visa® Card offers great rewards.