There’s no Best Buy credit card annual fee. That goes for both the Best Buy Store Credit Card and the Best Buy Visa Card, which can be used anywhere. In fact, the only Best Buy credit card fee you could potentially pay is $38 for a late payment. Neither card allows balance transfers or cash advances, so fees for those transactions aren’t an issue.
But a lack of annual fees alone doesn’t make getting a Best Buy card worth it. Hardly any credit cards tied to department stores charge annual fees. In particular, you need to consider rewards as well.
Here’s what you get with your $0 Best Buy credit card annual fee:
10% back on your first day of purchases (within 14 days of opening an account).
5% back at Best Buy (6% for Elite Plus members).
Best Buy Visa cardholders get 2% back at restaurants and grocery stores, plus 1% back everywhere else.
Best Buy Visa cardholders get 3% back on gas, fitness and sporting goods through March 2018.
Since there’s no Best Buy credit card annual fee, any rewards you earn go straight into your pocket. So either card could save regular Best Buy shoppers a lot of money. You just have to pay your bill in full each month to avoid the cards’ high interest rate.
Not for this one, no. There's also no fee for the regular credit card (the Visa), but there is one for the Gold Visa. To be fair, that one has a bunch of rewards, so I think it's totally justified.
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