Best Buy points are worth 2 cents each, on average. For example, 10,000 Best Buy points have a dollar value of roughly $200. As a result, Best Buy points are worth about the same amount as the average retail rewards points, which are valued at 2 cents each.
The easiest way to calculate the value of a retailer's rewards points for any redemption method is to determine the dollar value of what you're redeeming for, minus any taxes and fees that you'll still have to pay, and then divide that amount by the number of points you're required to redeem. For your convenience, here's the formula for Best Buy points:
Dollar Value of Redemption Item / Number of Best Buy Points Needed = Best Buy Point Value
How to Earn More Best Buy Points
It's important to remember that while you can't change the redemption values of Best Buy points, you can increase the rate at which you earn them. One of the best ways to increase the number of Best Buy points that you earn is to apply for either the Best Buy Visa or the Best Buy Store Credit Card. That can also help you reach a higher status tier in the My Best Buy program, further boosting your earning potential.
Best Buy Points vs. The Competition
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