My Best Buy Visa Card
Get 5% cash back or flexible financing options for Best Buy purchases, and up to 3% back on all other purchases with The Citi Best Buy Visa. Also enjoy limited-time rotating bonus categories.
- Annual Fee
- $0
- Extra Card Fee
- $0
- Card Type
- Credit
- Purchase
- 25.24%
- Cash Advance
- N/A
- Balance Transfer
- N/A
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My Best Buy Visa Card review
For the frequent Best Buy shopper, the My Best Buy Visa Card from Citi offers plenty of rewards at not only Best Buy, but anywhere you shop.
With no annual fee, it can make a great addition to your wallet. Here's what this card has to offer.
My Best Buy Credit Card rewards
So what will you earn for rewards on all of your purchases?
There's lots of rewards you'll earn with this card, and not just at Best Buy either:
- 2.5 points per $1 spent at Best Buy, which is increased to 3 points for Elite Plus members,
- 1.5 points per $1 spent on gas,
- 1 point per $1 spent at restaurants, and
- 1 point per $2 spent everywhere else.
Once you've earned 250 points, you can use them to get $5 off at Best Buy – a value of 2 cents a point.
That means you're getting a 5% return at Best Buy, while earning up to 3% back on your other purchases.
My Best Buy Credit Card financing options
For large Best Buy purchases, you've got no interest financing available to you as well.
Here's the terms and what you have to buy to get access to these financing options:
- 12 month financing on all storewide purchases greater than $299.
- 24 month financing on appliance, home theatre, unlocked phones, exercise equipment, and Geek Squad purchases greater than $999.
There's also other special financing offers that come from time to time as well.
How does it work? To avoid paying any interest, you simply have to pay for your purchase in full before the end of the promotion date. During the period, you can pay as much or as little as you like during your financing period (with the caveat that you need to make at least your minimum monthly payment). If you fail to do so, you'll pay accrued interest on your purchase.
This page has examples to show you how it works.
If you have a large purchase coming up, it can be a great way to spread out your payments, rather than having to pay it all at once.
A point to note – If you take advantage of special financing, you won't earn Best Buy Rewards on your purchase.
My Best Buy Credit Card drawbacks
The My Best Buy Card isn't without its drawbacks, however. Here are some things to consider with this card.
You won't earn rewards on Best Buy purchases when you take advantage of special financing
Unfortunately, when it comes to special financing, you can't have your cake and eat it too. If you do special financing with your Best Buy card, you won't be able to earn rewards as well. You have to choose one or the other – special financing or earn rewards.
No included insurance
Even the most basic insurance coverages, such as extended warranty and purchase protection, aren't included with the card.
No other included perks
Besides the no interest financing, there are no other perks included with this credit card.
Rewards are limited to Best Buy purchases
While you're earning plenty of rewards, you'll be limited to using them at Best Buy.
High interest rates
Apart from the special financing features on Best Buy purchases, this card has a single, high purchase APR rate (you can view the current rate in the card details box above). There's no variable purchase interest rate for those with better credit scores. And, there's no cash advance or balance transfer rate.
Alternative cash back credit cards
Prefer to earn cash back? Here are some other top cash back credit cards to consider. You can also pair these cards with the Best Buy Visa card to earn more rewards on your purchases.
| Credit Card | Welcome Bonus | Annual Fee | Earn Rates |
|---|---|---|---|
| * Either 10% back on your first purchase at Best Buy or special 18 month financing offer | $0 | * 2.5 points per $1 spent at Best Buy * 1.5 points per $1 spent on gas * 1 point per $1 spent at restaurants * 1 point per $2 spent everywhere else. | |
| Earn a $150 cash back bonus when you spend $500 in the first 3 months | $0 | 1.5% unlimited cash back on all purchases | |
| Receive a $250 statement credit when you spend $1,000 in the first 3 months | $95 | * 6% cash back on groceries (up to $6,000 spent annually) * 6% cash back on select U.S. streaming services * 3% cash back on gas and transit * 1% cash back on all other purchases | |
| None | $0 | * 1% unlimited cash back on all purchases * Another 1% cash back when you pay your bill on time | |
| Earn 3% cash back in the first year on the first $10,000 in spending | $0 | 1.5% unlimited cash back on all purchases | |
| * Earn a $200 cash back bonus after spending $500 in 3 months * 0% intro APR on purchases and balance transfers for 15 months | $0 | 1.5% unlimited cash back on all purchases |
Bottom line
For the Best Buy shopper (even if only on occasion), the My Best Buy Visa Card can be a great addition to your wallet. With a 5% return at Best Buy, and no annual fee, there's a lot to like about this card.
But if you don't regularly shop at Best Buy, you're probably better off with a different credit card.
FAQ
What special features does the Best Buy Visa offer?
The only special feature the Best Buy Visa has is special financing on Best Buy purchases. You can get no interest financing on Best Buy purchases of a minimum, for up to 24 months.
What do you earn on rewards at Best Buy stores with the Best Buy Visa?
When using the Best Buy Visa at Best Buy, you'll earn 5% back in rewards. If you're a My Best Buy Elite Plus member, it's increased to 6% back in rewards.
What does the Best Buy Visa earn for rewards on other purchases?
On other purchases, the Best Buy Visa earns:
- 3% back on gas,
- 2% back at restaurants, and
- 1% back on all other purchases.
Can I earn rewards and get special financing on the same purchase?
No, you have to choose one or the other when shopping at Best Buy – either earn rewards or use special financing.
