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.
| Product Name | My Best Buy® Visa® Card |
|---|---|
| Card Type | Visa Store card |
| Annual Fee | Up to $59 |
| Purchase APR | 27.24% variable |
| Intro Purchase APR | N/A |
| Balance Transfer APR | 27.49% variable |
| Intro Balance Transfer APR | N/A |
| Balance Transfer Fee | $15 or 5% of the transaction, whichever is greater |
| Interest Free Period | Up to 25 days |
| Late Payment Fee | Up to $38 |
| Additional Cardholder Fee | $0 |
| Minimum Age | 18 years of age |
|---|
| Welcome Offer | 10% back in rewards on your first day of purchases, or choose flexible financing when approved |
|---|---|
| Rewards | Earn 5% back or 6% back in rewards for Elite Plus members in store and online. |
| Base Rewards | 1% cash back |
| Rewards Points Expiry | Never |
The Basics
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.
Alternative card for shopping - Earn 1.5% on all purchases
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.
What’s the verdict?
If you’re not a regular Best Buy shopper, consider passing on the My Best Buy card. Instead, go for a good cash back card like the Citi® Double Cash Card or a top travel card like the Barclaycard Arrival® Plus World Elite Mastercard®.
The My Best Buy card is a good choice if you’d spend your extra money at Best Buy anyway. You’ll get 2.5 My Best Buy points per dollar you spend there. You can trade 250 points for a $5 rewards certificate, so you’re getting 5% back on your Best Buy spending. Those rewards add up to 6% back if you’re an Elite Plus member, as you’ll earn 3 points per dollar you spend. Overall, the math says My Best Buy points are worth $0.02 apiece — a good deal as long as you regularly spend at Best Buy.
If you don’t want points, you can choose another rewards path: paying no interest on purchases $399 or more as long as you pay them off within 12 months. Just remember that this is deferred interest, not zero interest. If you don’t pay off your purchase within 12 months, you’ll be charged interest starting from the day you swiped your card.
Neither the My Best Buy Credit Card nor the My Best Buy Visa Platinum comes with an annual fee. However, the My Best Buy® Visa® Card charges a $59 annual fee — a steep price to pay just for enhanced Best Buy point earnings. As a basic member, you’d have to spend $1,180 at Best Buy just to break even with the rewards you’ll earn. Unless you spend more than that amount, you may want to look for a different credit card.
When should you redeem cashback rewards?
Compare Best Buy Credit Cards
| Product name | My Best Buy Credit Card Preferred and My Best Buy Credit Card | My Best Buy Visa Platinum | My Best Buy® Visa® Card |
| Issuing bank | Citibank | Citibank | Citibank |
| Annual fee | None | None | $59 |
| Signup bonus | 10% back in rewards on your first purchase | 10% back in rewards on your first purchase | 10% back in rewards on your first purchase |
| Intro purchase APR | None | None | None |
| Intro balance transfer APR | None | None | None |
| Balance transfer fee | N/A | whichever is greater, $15 or 5 | whichever is greater, $15 or 5% |
| Foreign transaction fee | N/A | None | None |
| Cash advance rate | N/A | 29.74% variable | 30.24% variable |
| Cash advance fee | N/A | $10 or 5% of the amount of each cash advance, whichever is greater | $10 or 5% of the amount of each cash advance, whichever is greater |
| Penalty APR | N/A | None | None |
| Late payment fee | Up to $38 | Up to $38 | Up to $38 |
| Overlimit fee | None | None | None |
| Maximum credit limit | None | None | None |
| Minimum interest charge | $2 | $1 | $2 |
The Perks
SPECIAL APR: Reduced interest on eligible purchases.
On some purchases, you’ll get an 11.90% APR on Best Buy’s 48-month credit plan.
REWARDS: Get points for qualifying purchases.
Earn 5 points per dollar you spend on Best Buy purchases. If you’re a My Best Buy Elite Plus member, you’ll earn 6 points per dollar spent.
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 4% points per dollar spent on entertainment. Earn 2% point per dollar spent at restaurants, bars and grocery stores. And earn 1% point per dollar spent on everything else.
What to watch out for
High APR.
The My Best Buy card comes with a high 27.24% 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 $38.
Consider other cards if…
You want cash back.
The My Best Buy card only gives you rewards that can be spent at Best Buy. If you want cash back, consider a card like the Citi® Double Cash Card, which gives 1% cash back on everything you buy.
You don’t shop often at Best Buy.
You’ll get more value out of a card that rewards you in categories you really care about. Check out the best cards of 2019.
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 $38.
- Customer service. If you have questions about your account, you can contact Citibank support at 1-888-574-1301.
Bottom Line
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.
If I have 600 Experian score, 594 Equifax score, and 588 with Transunion, would I qualify for Best Buy credit card?
Hi Dallas4,
Thanks for getting in touch with Finder. I hope all is well with you. 😃
According to our page, you would have a higher chance of getting approved for Best Buy if you have a “fair” credit score of at least 620. However, Best Buy does not divulge to the general public which credit reporting agency they are using. For this reason, you might want to first try to increase your score to improve your approval rate.
Moreover, Best Buy also check other factors before they approve your application. For this reason, you might want to read the eligibility criteria, features and details of the card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
Hi, I have a credit score of 630. How likely am I to be approved for the credit card and do you have a BestBuy pre-approval link?
Hi Ursula,
Thanks for getting in touch with finder. I hope all is well with you. :)
You’ll have a better chance of being approved for this card if you have a credit score of 670 or higher. However, if you have a credit score of 630, there’s still a chance for you to get approved.
Please make sure though to read the eligibility criteria, features and details of the card, as well as the relevant PDS/ T&Cs of the card before making a decision and consider whether the product is right for you.
As for the pre-approval link, we currently don’t have a program with Best Buy. You would need to directly get in touch with them. Of course, an alternative card would be American Express Cash Magnet™ Card. Check out this card found above this page and click on the “Go to site” green button to learn more.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
Hi, I just turned 18 and don’t have any credit and I applied for a Best Buy rewards card. Am I likely to be approved? If not, what I can do that will help me? If so, how long does it usually take?
Hello Red,
Thank you for your comment.
Please note that your application is being assessed and they may consider some factors. For as long as you meet the eligibility criteria, you’re more likely to be approved. It can take up to 14 days to receive approval which is decided by Citibank, not Best Buy.
Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.
Regards,
Jhezelyn
Okay I have a few questions.
-I’m almost 18 so can I use my mom to apply and get the credit card from Best Buy?
-If I apply for the card and recieve it can I buy an expensive gaming computer and pay it off with 12 or 6 month plan with no down payment?
Hi Fernando,
Thanks for getting in touch with finder. I hope all is well with you. :)
It would be impossible for you to get a credit card if you’re under 18 years old even if you ask your mom’s help. You have to wait until your 18th birthday. However, one option would be to serve as an authorized user on someone else’s card account. You’re not technically on the hook for making payments — that responsibility lies with the primary cardholder. Please note that even if you are already 18 years old, you still need to prove to the bank that you are responsible enough and you have the ability to make repayments.
Regarding your second question, yes, it is possible to buy a gaming computer using a credit card and not having to provide a downpayment. Please check with your provider and see what else you need to provide to accomplish this.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
I have very short Credit History.
1) Can I get a Secured BestBuy Credit Card? If not, what should I do to get BestBuy Credit Card?
Your early reply would be highly appreciated.
Hi Syed,
Thanks for your question.
In the terms and conditions of this card, they only specifically listed the age requirement for applicants. However, the card issuer may check your credit score and other personal information for their overall assessment of your eligibility. You may directly contact Citibank (issuer of this card) to confirm if you are eligible given your short credit history.
Kindly refer to our guide above under the heading “How to apply for the Best Buy Credit Card” for the step by step procedure.
Cheers,
Anndy