The best Best Buy® Credit Card benefits are $0 fraud liability protection and monthly credit bureau reporting. These perks are certainly good to have, though it’s important to note that they are also relatively common benefits for credit cards.
Best Buy® Credit Card Benefits
$0 fraud liability protection
Monthly credit bureau reporting
Rewards of 0.5 - 2.5 points per $1 on purchases
While these benefits aren’t bad, the Best Buy® Credit Card simply doesn’t have as many benefits as a lot of the other credit cards on the market. To learn more about the Best Buy® Credit Card, check out WalletHub’s full review.
The Best Buy credit card benefits are: 5% back in rewards, and promotional financing for Best Buy purchases. Outside Best Buy you get 2% back in rewards on dining and grocery purchases, and 1% back in rewards on all other purchases. Your points are redeemable in rewards certificates: for every $500 spent, you get a $25 certificate.
There are quite a few things to like about it, to be honest. Since it's a Visa, you've got the whole package, with extended warranties, price protection and whatnot. That being said, you've also got a huge list of rewards and discounts, depending on where you choose to use it.
The Best Buy® Credit Card does not offer extended warranty, unfortunately. However, Best Buy offers its own protection plan that customers can sign up for, so that they’re covered when a manufacturer warranty ends. But this will not be free of charge, unlike extended warranty benefits offered through credit cards.
The only difference between the Best Buy® Credit Card and the Best Buy® Gold Visa Credit Card is that the former comes with a $0 annual fee, while the latter charges $59 per year. Your creditworthiness will determine which of the two you get approved for. Both cards offer the same rewards, which include 2.5 points / $1 (5% back) at Best Buy along with 15% back in rewards (7.5 points per $1 spent) on your first day of purchases made within the first 14 days.… read full answer
Here’s where you can use a Best Buy® Credit Card:
The Best Buy Store Card can only be used at Best Buy.
The Best Buy® Credit Card and Best Buy® Gold Visa Credit Card can be used anywhere that accepts Visa.
All three cards offer 2.5 points / $1 (5% back in rewards) at Best Buy, and 6% for Best Buy Elite Plus members. Best Buy Elite Plus membership is awarded after spending $3,500 in a calendar year.
The Best Buy® Credit Card and Best Buy® Gold Visa Credit Card offer 15% back in rewards (7.5 points per $1 spent) on your first day of purchases made within the first 14 days.
The Best Buy® Credit Card and Best Buy® Gold Visa Credit Card offer 2.5 points per $1 spent on Best Buy purchases, 1.5 points per $1 spent at gas stations, 1 point per $1 spent at restaurants, bars and grocery stores, and 0.5 points per $1 spent on all other purchases.
You can use your Best Buy® Credit Card and Best Buy® Gold Visa Credit Card pretty much anywhere as Visa is widely accepted internationally. However, using the Best Buy Store Card is restricted to Best Buy. Regardless of where you use your Best Buy credit cards, you’re still going to get the most bang for your buck at Best Buy. You earn rewards at a higher rate, and those rewards are only redeemable for Best Buy gift certificates.
If rewards on gas and restaurants are what you’re looking for, the PenFed Platinum Rewards offers 5 points / $1 spent on gas purchases. And the Capital One SavorOne gives you 3% cash back on dining and entertainment. And they can both be used anywhere.
Your Best Buy® Credit Card approval odds are pretty good as long as your credit score is at least fair. 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. Your odds of Best Buy® Credit Card approval will only be good if your credit score is at least good. But if you don’t get that version, 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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