Best Buy Credit Card

Exclusive discounts, rewards and flexible financing from Best Buy

What is a Best Buy Credit Card?

A Best Buy credit card is a line of credit offered by the company, Best Buy, to its customers for the purchase of their products in the store or online. Best Buy is a leading provider and retailer of technology products, services, and solutions. Their products and services can be availed via store visits or online transactions. By using their offered credit card, customers can have an easier and faster way of paying for their purchases. Learn more at


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What Types of Credit Cards Are Offered by Best Buy?

Best Buy offers two types of credit cards. One is a “store only” credit card, which can only be used to make purchases from Best Buy, either in-store or on the Best Buy website. The other is a Best Buy Visa Card, which can be used to make purchases anywhere that Visa is an accepted form of payment.


How to Apply for a Best Buy Credit Card?

There are two ways to apply for a Best Buy credit card – online or in-store. For both application processes, the applicant must be at least 18 years old (for US residents) or 21 years old (Puerto Rico) and must present a social security number and government-issued photo ID.


1. Online application

For first-timers, visit the Best Buy website and create an account by providing personal information, such as name, email address, phone number, and password. Once the account is created, continue on with the credit card application through redirection to the Citigroup Inc. site or through the Best Buy site via the credit cards tab by selecting “apply now.” The application form needs personal, financial, and security information, including email address, full name, home address, phone number, date of birth, social security number, driver’s license or other government-issued photo ID number, annual income, and monthly mortgage or rent expenses. When the application is approved, the customer has to choose which of the two types of credit cards he/she prefers. Also, the customer must agree to the Best Buy interest rates, charges, and card fees. Approval is fairly quick, usually taking only a minute. The physical card is then delivered via mail within 7 to 14 days of the approval date.


2. In-store application

Find the nearest Best Buy store through Best Buy’s website store locator.  The in-store process will be the same as the online application. The difference is that the customer can also choose their store preference. However, it may take a bit longer, as the store will have to cross-check the information provided to confirm the customer’s identity.


What Are the Benefits of Using a Best Buy Credit Card?

Best Buy credit cards finance the purchases of customers who are unable to pay in cash or who leverage their financial needs.  The card has multiple promotional financing offers and flexible financing options where interest charges are deferred for a set time period, such as:

  • Six-month no-interest financing on storewide purchase amounts from $199 and up or 12-month financing of purchases totaling $399 and up
  • For major appliance purchases, 18-month financing for amounts of $599 and up
  • For home theater purchases of $799 and up, a 24-month financing period is offered

Interest won’t accrue if the card’s outstanding balance is paid in full by the end of the promotional period. If this condition is not met, then interest will accrue on each month’s balance, based on the annual percentage rate (APR). Compare that to simple interest. The grace period for paying the account in full is 25 days after the close of each billing cycle.

Both Best Buy credit cards provide reward points, which are 5% of each purchase. The Best Buy Visa card has more to offer though, by also giving 2% back in rewards for food and grocery purchases, plus an extra 1% on other everyday items.


Additional resources

CFI is the official provider of the global Financial Modeling & Valuation Analyst certification program, designed to help anyone become a world-class financial analyst. Explore these additional CFI resources to help with your personal finances:

  • Investing for beginners
  • Finance and investing books
  • Finance interview prep
  • Finance career map

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Become a certified Financial Modeling and Valuation Analyst (FMVA)® by completing CFI’s online financial modeling classes and training program!