The standard Best Buy credit card interest rate is 25.24% (V). That’s the purchase APR for both the Best Buy® Store Card and the Best Buy® Credit Card. You could also get a promotional Best Buy credit card APR as low as 0% for a limited time.
Here are the Best Buy credit card interest rates:
25.24% (V): This is the standard APR for purchases.
25.24% (V): This is the balance transfer APR. Balance transfers can only be made with the Best Buy® Credit Card.
27.99% (V): This is the cash advance APR. You can make a cash advance only with the Best Buy® Credit Card.
The Best Buy credit cards also offer deferred interest plans on some items. On these plans, there’s no interest if you pay off the item in full by the given due date. But if you don’t pay it off in the interest-free period, then interest will be applied to your entire original purchase amount, as if it had been there from the start. These are the deferred interest plans offered by the Best Buy cards:
11.99%: This APR is for purchases eligible for the 48-month reduced rate credit plan.
8.99%-12.99%: This APR is for select purchases eligible for the 36-month reduced rate credit plan.
7.99%-11.99%: This APR is for select purchases eligible for the 24-month reduced rate credit plan.
0% for 6, 12, 18, 24, or 36 months: These offers are not available all the time and are limited to specific merchandise.
Items eligible for a reduced interest rate will be marked online. In-store, you can ask a sales employee whether a purchase qualifies. The HSBC Gold Credit Card, the U.S. Bank Visa® Platinum Card, and the Citi Simplicity® Card - No Late Fees Ever are all better options for financing big purchases. They all offer 0% intro rates for 18-20 months, with no deferred-interest clause and low regular APRs. But if you opt for a deferred interest plan with a Best Buy Card, you’re better off paying your balance in full timely.
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