When it comes to shopping at Best Buy, there are several payment options to choose from. Whether you prefer to use Zip, apply for a Best Buy credit card, or explore alternative rewards credit cards, this article will guide you through the various payment methods available. We will delve into the features of using Zip at Best Buy, provide insights into Best Buy's credit card options and rewards, and even discuss how Tally can assist you. Additionally, we will explore the additional features of the Best Buy credit cards and the My Best Buy program. However, it's important to be aware of the fees and drawbacks associated with these credit cards, so we will uncover those as well. So, if you're a Best Buy enthusiast or simply looking for the best payment options, keep reading to find out more about navigating the world of Best Buy payment.
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Best Buy is a major technology retailer with over 1,000 stores across the United States, Canada, and Mexico. The retailer offers a wide range of electronic products, services, and solutions, catering to all your technological needs in one convenient location. In addition to offering products from multiple brands for in-store or online comparison, Best Buy provides exclusive discounts and access to their "Geek Squad" for troubleshooting assistance.
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Best Buy Credit Card Options and RewardsBest Buy offers two credit card options issued by Citi®: a retail version exclusively valid at Best Buy stores, and a Visa-branded Best Buy credit card accepted wherever Visa is accepted. The My Best Buy credit card and My Best Buy Visa card allow you to earn Best Buy Rewards, including 5% back on qualifying purchases, and offer flexible financing options.
When it comes time to pay your My Best Buy credit card bill, you have several options available — online, in-store, over the phone, via text, or by mail. Here are the details for each payment method.
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Applying for a Best Buy Visa CardCustomers can apply for a Best Buy credit card either in-store or online. If you choose to apply online, you must first create a BestBuy.com account.
Once you submit an application for a Best Buy credit card, Citibank will evaluate your eligibility based on your creditworthiness and issue an appropriate card accordingly.
The fine print outlines the following order in which you are considered for these cards:
- My Best Buy® Visa® Platinum
- My Best Buy card
- My Best Buy® Visa® Gold
Although some applicants may be approved instantly upon application review, others might require further assessment, resulting in a waiting period of 7-10 days.
Additionally, it is important to note that all applicants must be 18 years of age or older.
Sign-Up BonusesImage Credit: Best BuyBest Buy occasionally offers special sign-up bonuses. For instance, at the time of writing, Best Buy provided 10% back in rewards (or flexible financing) on the cardholder's first day of purchases after approval.
Additional Features of the Best Buy Credit Cards and My Best Buy ProgramBy joining the My Best Buy program, you gain access to a range of additional benefits, while holding the Visa cards may provide you with some extra perks.
Enrollment in the My Best Buy Program grants you:
- Early access to sales and exclusive offers
- Free shipping on purchases of $35 and above, with no minimum purchase requirements for Elite and Elite Plus members
- Exclusive member-only deals
- Free in-home consultation services
- A special birthday gift during your birth month
In addition, your My Best Buy Visa card may offer the following Visa benefits (refer to your cardmember benefits explanation):
- Fraud prevention services
- Emergency card replacement
- Cardholder inquiry service
- Extended warranty manager service
- Travel and emergency assistance services
- Auto rental collision damage waiver
- Roadside dispatch services
Fees and Limitations of the Best Buy Credit CardsWhen conducting credit card reviews, it is vital to address the fees and limitations. Credit card companies and retail stores often highlight the benefits but may leave customers questioning, "What's the catch?" Let's start with the fees.
My Best Buy Visa cardMy Best Buy cardAnnual Fee$0 (My Best Buy Platinum card) $59 (My Best Buy Gold card)$0Standard APR25.24% (variable) or lower with special financingBalance Transfer APR25.24% (variable)N/ABalance Transfer Fee$15 or 5% of the transfer amount (whichever is greater)N/ACash Advance APR27.99% (variable)N/ACash Advance Fee$10 or 5% of the advance amount (whichever is greater)N/ALate FeeUp to $40Up to $40Returned Payment FeeUp to $40Up to $40Foreign Transaction Fee NoneN/AWe have already discussed the high standard APR. These rates increase even further for cash advances or balance transfers. When you factor in the associated fees, the overall costs become significantly high.
Furthermore, if you struggle to make timely payments or experience bounced checks, you will incur substantial fees.
What About the Other Limitations? The fact that Best Buy credit cards are not true cash-back cards is a MAJOR limitation. As you only receive a percentage back in the form of Best Buy Rewards Certificates, you can only redeem them at Best Buy stores or BestBuy.com. Since you can use your Visa card anywhere, it seems counterintuitive to restrict your rewards to a single retailer.
Additionally, if you are only eligible for the My Best Buy Visa Gold, you will be subject to a $59 annual fee. To cover this cost, you would need to spend $1,200 at Best Buy or even more on gas, dining, groceries, and everyday expenses.
If you decide that the card's fees and limitations outweigh its benefits but still want to earn rewards on your everyday spending, consider exploring alternative rewards or cash-back credit cards.
Other Options for Rewards Credit Cards (Our Suggestions)
If you're in search of real cash back (instead of rewards that are limited to Best Buy purchases only), there are several other gratifying cards that you may want to consider.
Alternatively, if you have a passion for traveling, take a look at the Chase Sapphire Preferred® Card, which is widely regarded as one of the finest (if not the finest) travel rewards cards available.
You will earn 1 point for every $1 spent at Best Buy stores and 2 points for every $1 spent on dining and travel expenses. Remember, when used correctly, the points you earn with this card are extraordinarily valuable!
Accessing and Managing Your Best Buy Credit Card Login and Online Account
Regardless of which credit card you receive, you can access the Best Buy or Citibank portal and conveniently manage your account online.
Listed below are some of the tasks you can carry out online:
- View your statement
- Make bill payments
- Monitor your account activity
- Receive exclusive offers
- Set up alerts
So whether you're a tech enthusiast looking for the latest gadgets, or a savvy shopper in search of great deals, Best Buy has got you covered. With their convenient payment options like Zip and their flexible credit card options, you can shop how you love to shop without any hassle. Plus, with additional features like Tally to help you manage your payments and the My Best Buy program to earn rewards, you'll be able to make the most out of your shopping experience. And with easy access through the Best Buy Credit Card login and online account management, staying on top of your finances has never been easier. Don't miss out on all the benefits that Best Buy has to offer – start shopping today and enjoy the convenience and rewards that come with it!