Best Buy Credit Card
Yet, Best Buy Credit Card is best options for ecommerce business owners & electronic products purchasers. In fact, Best buy is basically a consumer electronics retailer that is doing business in United States, Mexico and Canada. Best Buy has two different types of credit cards.
1. My Best Buy Credit Card
2. My Best Buy Visa Card
Major difference between these two cards is that My Best Credit Card is only a store card and can be used at Best Buy stores only while My Best Buy Visa Card can be used anywhere Visa is accepted.
Moreover, Best Buy is a retailer that deals in consumer electronics that include wide variety of software, digital camera, car stereo, music, games, refrigerator, washing machines, dryers, video cameras and much more. Although, main competitors are Alibaba, Wal-Mart, Costco, Target and Amazon. Surprisingly, Best Buy displays all the products at store floor where you can test each product before buying.
Obviously, these cards are issued from the Citi Bank. Total processing time is 14 business days. As has been noted, to get this card you can apply online at Best Buy website or can visit physical stores. Undeniably, Mobile App facility is available to user. Beauty of these cards is that you can buy electronics products from Best Buy with two years installments without any extra interest.
Hence, with best buy cards, you have opportunity to earn 10% welcome bonus and you may get 5% cash back rewards for buying at Best Buy. The beauty of this card is that you buy expensive products at deferred payment without paying any mark up.
My Best Buy Credit Cards
Naturally, this card is usable at best buy stores only
Rewards:
Following this, just shop at Best Buy stores and get 5% cash back.
Welcome Bonus:
Now, at first day of purchases, get 10% cash back.
Annual Fee:
Positively, Annual Fee at this card is $0.
Without reservation, it has 0% for 24 months easy installments.
Regular APR:
Regular APR at this Card is 15.25% 30.75% variable or you can choose 10; 00% to 20.25% non-variable APR.
Balance Transfer Fee:
This card does not offer balance transfer facility.
Cash Advance Fee:
On the whole, this card does not offer cash advance facility, because it is store card.
Cash APR:
When card does not offer cash advance facility, so there is no rate of cash advance fee.
Foreign Transaction Fee:
This card does not provide facility of foreign transactions.
Credit Needed.
Summing up, you needed fair credit score to apply for this card.
My Best Buy Visa Credit Card
As I have said, You can use this card anywhere Visa is accepted
Just shop at Best Buy stores and get 5% cash back. You can earn 3% cash back at gas purchases, 2% at grocery, dinning, takeout purchases and 1% at all other purchases.
Welcome Bonus:
At first day of purchases, get 10% cash back.
Annual Fee:
Of course, Annual Fee at this card is $0 to $59 that depends upon your credit worthiness.
Into APR:
0% for 24 months easy installments.
Regular APR:
Extremely, Regular APR at this Card is 15.25% 30.75% variable or you can choose 10; 00% to 20.25% non-variable APR.
Balance Transfer Fee:
Indeed, Balance Transfer Fee at this card is 5%.
Cash Advance Fee:
Hence, Cash Advance Fee at this card is 5% of the amount.
Cash APR:
Finally, Cash APR at this card 30% variable or you may choose 24.50% to 26.25% non-variable. .
Foreign Transaction Fee:
Following this, Foreign Transaction Fee at this card is 3%.
Credit Needed.
To conclude, you needed good credit score to apply for this card.
Frequently Asked Questions:
Can Best Buy Credit Cards be used anywhere?
In brief, Best Buy Credit Cards have two versions of cards. One is My Best Buy Credit Card that can used at Best Buy stores only and 2nd version is My Best Buy Visa Card that can be used anywhere Visa is accepted. However, you can use this card even at ATM for cash withdrawals.
How to pay bill of The Best Buy Credit Cards?
Unquestionably, You can pay bill through the large network of Citi Bank Branches, Best Buy Stores or online using best buy app. At this point, Best Buy accept all Visa, Master Card, American Express debit and credit cards.
Is there any risk for defer payment product purchases?
No, there is no risk as this is special offer that provide you facility to buy expensive product in very easy installments without mark up. You have to pay full amount before the expiration of the term. Risk arise when you remain fail to manage the full payment before the expiry of term.
How can I get credit card from best buy?
Before this, you can apply credit card at best buy stores or you have also facility to apply at website www.bestbuy.com
How much a Best Buy Credit Card cost?
Consequently, Best buy credit cards have two versions. One version is My Best Buy Credit Card that has zero annual fees but it is a store card and can be used for best buy purchases. Following this, Second version is My Best Buy Visa Card that has annual fee $0 to $59. Annual fee of this card depends upon your credit worthiness. But benefit of this card will offset its fee.
Can I use my Best Buy Credit Card internationally?
Definitely, Best Buy Credit Card has two versions of credit cards. First is My Best Buy Credit Card that is only a store card. It is not usable any other place or ATM, so you can’t use it internationally. Following this, Second version is My Best Buy Visa Card that is powered by Visa, so it is acceptable everywhere Visa is accepted. You can use this card internationally and at ATMs for cash withdrawals.
Can Best Buy Credit Card affect credit score?
Yes, Best Buy have impact your credit score as it is just like a full fledge credit card. If you can’t make two billing payments, it will be reported to credit bureaus, so it can damage your credit score. Additionally you will be fined $40 as late payment charges with charge of high rate interest.