The Best Buy® Credit Card late fee is up to $41. This fee applies when cardholders don’t make the minimum payment by the due date. The Best Buy® Credit Card late fee for the first time you make a late payment is $30, and it will increase to $41 for subsequent late payments within 6 months. The same fee applies for the Best Buy® Store Card, too.
After 6 months of consecutive payments since your last missed due date, the late fee will reset to $30. Thanks to the CARD Act, the late fee can never exceed the minimum payment amount.
What to do if your Best Buy® Credit Card payment is late:
If you accidentally make less than the required minimum payment or you miss your Best Buy® Credit Card due date entirely, you can always ask customer service to waive the late fee by calling (888) 574-1301. This is much more likely to work if you have a great payment history with the issuer, but even if not, there’s no harm in asking.
To avoid getting hit with late fees in the future, make sure to pay at least your minimum required payment each month. The best way to ensure that you never miss a payment is by setting up autopay.
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.
WalletHub is committed to transparency and editorial independence. The information about the following cards has been independently collected by WalletHub: Best Buy® Credit Card, Best Buy® Store Card, Best Buy® Gold Visa Credit Card, and Citi® Diamond Preferred® Visa Card
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