Is there an annual fee for the Best Buy Credit Card? This question is about the Best Buy® Credit Card

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 a zero 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. The Best Buy Store Card also has a $0 annual fee. Best Buy® Gold Visa Credit Card, on the other hand, charges a $0 fee per year. Here’s what you need to know about the Best Buy® Credit Card: The Best Buy® Credit Card has a $0 annual fee Good credit or better is required for approval. Best Buy® Credit Card is part of the Visa network. So, it can be used anywhere Visa credit cards are accepted. This card 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, this card will save you a lot of money.

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Is there an annual fee for the Best Buy Credit Card?

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This question is about the Best Buy® Credit Card

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Bogdan Roberts, Credit Cards Moderator

@bogdan_roberts • 01/06/23 This answer was first published on 05/07/21 and it was last updated on 01/06/23.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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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 a zero 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.

The Best Buy Store Card also has a $0 annual fee. Best Buy® Gold Visa Credit Card, on the other hand, charges a $0 fee per year.

Here’s what you need to know about the Best Buy® Credit Card:

The Best Buy® Credit Card has a $0 annual fee
Good credit or better is required for approval.
Best Buy® Credit Card is part of the Visa network. So, it can be used anywhere Visa credit cards are accepted.
This card 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, this card will save you a lot of money.

Answer Question

What are my Best Buy credit card approval odds?

Your Best Buy® Credit Card approval odds are pretty good as long as your credit score is at least good. There are actually two Best Buy credit cards, the Best Buy® Credit Card and the Best Buy® Store Card that you can only use at Best Buy. If you don’t get the Best Buy® Credit Card, you’ll be automatically considered for the Best Buy Store Card, which requires fair credit. But there’s more to Best Buy® Credit Card approval than just your credit score.... read full answer

Here are the Best Buy credit card approval requirements:

Credit score: fair for the store card, good for the Visa.

Age: 18+ years old (21 in Puerto Rico).

Mailing address. Must be located in the U.S.

Social Security Number. You need an SSN to apply and can’t substitute an ITIN.

Income. The amount of money you make factors heavily into approval.

Be sure to check your credit score before applying. If it’s below 640, take time to improve your score first. Even a month can make a big difference. But if it’s more than a minor fix, you might want to put a deposit on a secured credit card and use that for credit rebuilding purposes until you get into the fair credit range.

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Can I use my Best Buy Credit Card anywhere?

Yes, you can use the Best Buy® Credit Card anywhere that accepts cards on the Visa network. That means you can use the Best Buy® Credit Card at 10.7 million U.S. merchant locations, plus at millions of other merchants across 200 countries and territories worldwide.

The Best Buy Store Card, on the other hand, can only be used for purchases at Best Buy.... read full answer

Other things to know about the Best Buy® Credit Card:

The Best Buy® Credit Card has a 0% foreign transaction fee, which means you won’t incur extra charges for international purchases. The card also comes with an annual fee of $0 and offers 0.5 - 2.5 points / $1 spent on purchases. So, it’s a good option for people who spend a lot on their card each month.

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How long does it take to get approved for the Best Buy Credit Card?

It can take anywhere from a few minutes to 10 business days to get approved for the Best Buy® Credit Card. Certain applications that meet the issuer’s exact criteria may be approved instantly. However, if you don’t get a decision immediately after applying, it doesn’t mean you won’t have a shot after your application is reviewed in more detail. Most applicants are notified by mail of the issuer’s final decision within 10 business days of applying.... read full answer

You can also check your Best Buy® Credit Card application status online or by by calling customer service at (888) 574-1301.

Provided your application is approved, you can expect your new card to arrive by mail within 14 days of approval.

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