My Best Buy® Visa® Card review

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Advertiser Disclosure

Interest Rate: Purchases
25.24% (Variable)
Balance Transfer
25.24% (Variable)
Rewards
1 - 3% cashback
Signup Bonus
-


5.9/10
Informr score
The My Best Buy® Visa® Card currently has an Informr score of 5.9 out of 10. This score is based on our evaluation of 9 sources including reviews from users and the web's most trusted critics.

Am I eligible?


My Best Buy® Visa® Card is typically available to those with good credit scores (650 or greater).
To get this card, you must also:
Yes Be a permanent or temporary resident of USA

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


The Simple Dollar

Best Buy’s store credit card is ideal for loyal customers who don’t buy tech anywhere else. It offers a high rewards rate on purchases and flexible financing options to help you save money on interest. Keep in mind you can only earn rewards at Best Buy and redeem them for store credit. If you aren’t...

- Jessica Walrack, The Simple Dollar
CreditCards.com

The My Best Buy Visa credit card makes sense for fans of the latest and greatest electronics, but casual shoppers and techies alike should beware of the card’s high interest rate, which could negate their rewards and benefits.

- Kelli Bamforth, CreditCards.com
Finder

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.

- Joe Muscolino, Finder
Credit Karma

The My Best Buy Visa® Card is an option designed especially for Best Buy super fans and super spenders. But while there are opportunities to earn rewards for use at the store, the earning rates aren’t great and the opportunities for redemption are limited. Add in a high APR and the possibility of pa...

- Lance Cothern, Credit Karma
ValuePenguin

The My Best Buy® Credit Card produces fantastic rewards rates on in-store purchases, as well as good returns on dining and grocery purchases. The catch is, the rewards come to you in the form of points redeemable only towards Best Buy Rewards certificates – that is, gift cards that can be used towar...

- Joe Resendiz, ValuePenguin

Details


Interest Rates
Regular APR Interest Rate 25.24% (Variable)
  • This APR will vary with the market based on the Prime Rate.
  • 11.90% for select purchases eligible for the 48 month reduced rate credit plan
Balance Transfer Interest Rate 25.24% (Variable)
  • For balance transfers completed within 4 months from date of account opening.
  • This APR will vary with the market based on the Prime Rate.
Cash Advance Interest Rate 27.99% (Variable)

This APR will vary with the market based on the Prime Rate.

Rates & Fees
Annual Fee $0.00
Balance Transfer Fee 5%

Minimum of $15

Cash Advance Fee 5%

Minimum of $10

Foreign Transaction Fee $0.00
Over Limit Fee $0.00
Late Payment Fee $40.00

Maximum

Promotions
Sign up bonus No
Rewards
All Purchases 1% cash back
Restaurants 2% cash back
Gas 3% cash back
Groceries 2% cash back
Hotels No
Travel No
Pharmacy No
Bills No
Additional Details

5% cash back on qualifying Best Buy purchases (Elite Plus members get an additional 1% cash back)

Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance No
Car Rental Insurance No
Car Rental Discount No
Extended Warranty No
Purchase Protection No
Zero Liability No
No Foreign Transaction Fees Yes
Emergency Assistance No
Concierge Service No
Price Protection No
Fraud Protection No
Free Credit Scores No
Wireless Payments No
Virtual Cards No
Eligibility
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
More
Additional comments
Terms & Conditions Official Terms & Conditions
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Disclaimer: All products, logos, images and trademarks are the property of their respective owners. Content is not provided or commissioned by any company mentioned. Any views, analyses, or recommendations expressed here are those of the author's alone, and may not have been reviewed, approved or otherwise endorsed by any company mentioned.

Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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Critic Reviews


The Simple Dollar

Very competitive rewards rate

from The Simple Dollar

Best Buy’s store credit card is ideal for loyal customers who don’t buy tech anywhere else. It offers a high rewards rate on purchases and flexible financing options to help you save money on interest. Keep in mind you can only earn rewards at Best Buy and redeem them for store credit. If you...More

Best Buy’s store credit card is ideal for loyal customers who don’t buy tech anywhere else. It offers a high rewards rate on purchases and flexible financing options to help you save money on interest. Keep in mind you can only earn rewards at Best Buy and redeem them for store credit. If you aren’t a frequent customer, you may not get a lot of value out of this card.

Read full review

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CreditCards.com

Good earnings scheme, special financing deals

from CreditCards.com

The My Best Buy Visa credit card makes sense for fans of the latest and greatest electronics, but casual shoppers and techies alike should beware of the card’s high interest rate, which could negate their rewards and benefits.

Read full review

The My Best Buy Visa credit card makes sense for fans of the latest and greatest electronics, but casual shoppers and techies alike should beware of the card’s high interest rate, which could negate their rewards and benefits.

Read full review

Less

Finder

A store credit card with great rewards for the loyal Best Buy shopper

from Finder

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.

Read full review

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.

Read full review

Less

Credit Karma

Only right for Best Buy super spenders

from Credit Karma

The My Best Buy Visa® Card is an option designed especially for Best Buy super fans and super spenders. But while there are opportunities to earn rewards for use at the store, the earning rates aren’t great and the opportunities for redemption are limited. Add in a high APR and the possibility...More

The My Best Buy Visa® Card is an option designed especially for Best Buy super fans and super spenders. But while there are opportunities to earn rewards for use at the store, the earning rates aren’t great and the opportunities for redemption are limited. Add in a high APR and the possibility of paying deferred interest, and there’s a chance you could end up spending more than you intended. Worse yet, the application process is confusing, and you may not end up with the credit card you thought you applied for.

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ValuePenguin

A good all-around credit card, as far as store branded cards are concerned

from ValuePenguin

The My Best Buy® Credit Card produces fantastic rewards rates on in-store purchases, as well as good returns on dining and grocery purchases. The catch is, the rewards come to you in the form of points redeemable only towards Best Buy Rewards certificates – that is, gift cards that can be used...More

The My Best Buy® Credit Card produces fantastic rewards rates on in-store purchases, as well as good returns on dining and grocery purchases. The catch is, the rewards come to you in the form of points redeemable only towards Best Buy Rewards certificates – that is, gift cards that can be used towards buying things at the store. To consumers who frequently find themselves shopping at the chain, this might not be a major problem – on top of that, an unlimited 5% reward credit card is hard to come by.

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Investopedia

For frequent Best Buy shoppers

from Investopedia

The Best Buy Visa card offers a strong rewards rate on Best Buy purchases. The other limited-time and bonus categories don't provide much value because they aren't predictable or can be beaten by other rewards cards.

Read full review

The Best Buy Visa card offers a strong rewards rate on Best Buy purchases. The other limited-time and bonus categories don't provide much value because they aren't predictable or can be beaten by other rewards cards.

Read full review

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Credit Card Insider

Should only be considered if you’re a frequent Best Buy shopper

from Credit Card Insider

Could give frequent Best Buy shoppers a nice 5% return on every purchase — but there are a few downsides to be aware of. Beware the deferred financing plans, and consider choosing the 5% back in rewards instead. If you do take a financing offer, be absolutely sure to make on-time payments ever...More

Could give frequent Best Buy shoppers a nice 5% return on every purchase — but there are a few downsides to be aware of. Beware the deferred financing plans, and consider choosing the 5% back in rewards instead. If you do take a financing offer, be absolutely sure to make on-time payments every month and pay off the entire balance by the end of the term. Overall, this card can be fairly rewarding at Best Buy, but they come with some strings.

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The Balance

Big rewards on Best Buy purchases

from The Balance

The My Best Buy Visa Card, issued by Citibank, pays rewards toward future purchases at the electronics retailer. You’ll earn ample points on Best Buy purchases, and even have decent reward opportunities at restaurants and gas stations. Still, since you can’t use your points anywhere else, thi...More

The My Best Buy Visa Card, issued by Citibank, pays rewards toward future purchases at the electronics retailer. You’ll earn ample points on Best Buy purchases, and even have decent reward opportunities at restaurants and gas stations. Still, since you can’t use your points anywhere else, this card is probably only worth it for really loyal shoppers who regularly upgrade to the latest technology.

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CreditDonkey

Best for Best Buy shopper

from CreditDonkey

If you're a frequent Best Buy shopper and have a high enough credit score to be eligible for the no fee version of the Visa card, this could be a good supplemental card to have in your wallet. Getting 5% rewards on Best Buy spending is generous if you shop there often, especially if you purchase...More

If you're a frequent Best Buy shopper and have a high enough credit score to be eligible for the no fee version of the Visa card, this could be a good supplemental card to have in your wallet. Getting 5% rewards on Best Buy spending is generous if you shop there often, especially if you purchase all your big-ticket home electronics there. The other bonus cash back categories are decent too.

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User Reviews


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