The Best Buy Credit Card bonus is an extra 2.5 points per $1 spent (5 points per $1 total) on the first day of purchases made with the card, within 14 days of opening an account. After that, cardholders get 2.5 points per $1 spent on Best Buy purchases, in-store and online. Members of the Best Buy Elite Plus loyalty program also earn an additional half-point bonus for every $1 spent at the store.
The 5 points signup bonus offer applies to both the Best Buy Visa Credit Card and the Best Buy Store Card, but only people who get approved for the Visa are eligible for other bonuses. Those include 1.5 points per $1 spent at gas stations and 1 point per $1 spent at restaurants and bars. Those are bonuses because all other purchases outside of Best Buy get just 1 point for every $2 you spend. Points earned with either the Visa or the Best Buy Store Card are awarded in the form of Best Buy rewards certificates, which are redeemable only toward Best Buy in-store or online purchases.
By the way, as an alternative to the Best Buy Credit Card bonus, you can choose “flexible financing,” which defers the interest on your in-store or online purchases for 12 to 48 months on both the Best Buy Credit Card and the Best Buy Store Card. But these arrangements can end up being very expensive if you don’t pay in full before the promotional period ends.
The Best Buy® Credit Card credit score requirement is 700 or better. That means people with at least good credit have a shot at getting approved for the Best Buy® Credit Card. Approval odds are higher with the Best Buy Store Card; this card requires at least fair credit (640+ credit score recommended).
You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Best Buy® Credit Card, too....
WalletHub is committed to transparency and editorial independence. The information about the following cards has been independently collected by WalletHub: Best Buy® Credit Card and Best Buy® Store Card
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