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.
- Apply with a good credit score of 670 or higher.
All information about this card has been collected independently by Finder.
Up to 6%
Up to $59
Intro purchase APR
for the first up to 48 months reduced rate (then 25.24% variable)
Recommended credit score
|Annual fee||Up to $59|
|Rewards||5% back at Best Buy or 6% back in rewards for Elite Plus members, 3% on gas, 2% on dining and groceries and 1% on all other purchases|
|Purchase APR||11.9% intro for the first up to 48 months reduced rate (then from 25.24% variable)|
|Balance transfer APR||N/A|
|Recommended minimum credit score||670|
Steven Dashiell is a writer at Finder specializing in all things credit cards. With more than 300 articles under his belt, he aims to help readers embrace credit cards and maximize their rewards. Steve is studying to become a Certified Educator in Personal Finance, and is a frequent face on Finder’s YouTube channel, offering the latest in credit card hacks and advice. His expertise has been featured on numerous outlets, including U.S. News & World Report, Time, CBS, Fox Business, Lifehacker, Martha Stewart Living and more.
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.
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.
How to apply for the My Best Buy® Visa® Card
To apply for the My Best Buy® Visa® Card, you must be at least 18 years old.
- On the Best Buy website, click the Apply Now button.
- Create an account or sign in to your My Best Buy account.
- 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.
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® Visa® Card with a fair credit score of at least 670. For store cards, most retailers will approve cardholders who have at least a fair credit score. They want to incentivize shopping at their stores, so they’re more lenient on extending credit. That’s why Citibank may offer you the My Best Buy® Visa® Card if you don’t qualify for the Platinum or Gold card.
My Best Buy® Visa® Card benefits
Promotional APR on eligible purchases.
On some purchases, you’ll get an 11.9% promotional APR on Best Buy’s 48-month credit plan.
Rewards on 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.
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.
Additional rewards on purchases outside of Best Buy.
Earn 3% cash back on gas. Earn 2% at restaurants and grocery stores. And earn 1% on everything else.
My Best Buy® Visa® Card drawbacks
The My Best Buy® Visa® Card comes with a high 25.24% 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 $40.
Save more at Best Buy
Best Buy frequently runs sales events throughout the year and always features its best discounts on the Deals tab of its website. For the most savings on big-ticket items like appliances, laptops and smartphones, cash in on Black Friday and Cyber Monday doorbusters around the holidays.
Otherwise, take a look at our top deals and coupon codes to stretch your bucks further:
Can you get a Best Buy credit card with no interest?
Best Buy may offer you a 0% deferred interest on select purchases you make with your My Best Buy® Visa® Card. Deferred interest often sounds like a great deal, but to make it work, you must pay your purchase before the interest-free period ends. Otherwise, you’ll pay interest accrued from the day you made your purchase. If you’re not careful, this can cost you hundreds of dollars extra.
As an alternative, you have multiple 0% intro APR credit cards that let you buy now and pay off your purchase in up to 20 months without interest. The great thing about this type of card is that even if you fail to pay off your balance after the intro period is up, you’ll only start to accrue interest on your remaining balance.
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.
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 $40. Your fee will be $27 if you haven’t been charged a fee within the previous six billing periods. Otherwise, you’ll pay $40.
- 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.