Bogdan Roberts, Credit Cards Moderator
@bogdan_roberts
No, there is no annual fee for the Best Buy® Credit Card. So you don’t have to worry about paying a cent for just having it. You can keep it open with 0 balance and it will help you improve your credit score. Just remember to use it from time to time to avoid it being closed due to inactivity.
Here’s what you need to know about the Best Buy® Credit Card:
- It has a $0 annual fee
- Good credit or better is required for approval
- Best Buy® Credit Card is part of the Visa network, so can be used anywhere that accepts Visa.
- It has a deferred interest plan. So, make sure to pay your balance in full before the reduced rate period concludes to avoid high APRs being applied to your entire original purchase amount.
- Some of Best Buy® Credit Card’s other fees include a 5% (min $10) cash advance fee and a late fee of up to $35. So, the $0 annual fee helps offset these other costs.
- Applying for the Best Buy® Credit Card and getting rejected will have you considered for the Best Buy Store Card and Best Buy® Gold Visa Credit Card. So, make sure you know where you stand before applying. You can check your credit score for free, right here on WalletHub.
It is also worth noting that Best Buy® Credit Card offers 10% back in rewards (5 points per $1 spent) on your first day of purchases made within the first 14 days. So, if you’re a regular Best Buy shopper and use your Best Buy® Credit Card responsibly, it will save you a lot of money.

Best Buy® Credit Card
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