What You Should Know Before Applying For a Best Buy Credit Card

The Best Buy credit card comes with a number of advantages. For example, if you are an Elite Plus Cardmember, you’ll earn 6% back on eligible Best Buy purchases. Elite Plus Cardmembers can also earn 3% back on gas purchases and 5% back on grocery, dining, and takeout purchases. But it’s not all good news. There are a few things you should keep in mind before applying. These tips can help you find the right card for your needs.
My Best Buy Visa(r) Card

The My Best Buy Visa(r) Card offers points based on where you spend money. You can earn six points for every dollar you spend at Best Buy. Moreover, you can also earn 3% cashback at grocery stores and gas stations. You can set your payments to be automatically deducted from your bank account. This card is not for those with bad credit. Those with fair credit or higher are eligible to apply. However, there are a few things that you should know before getting it.

First, you must be a resident of the United States. You must be at least 18 years old if you reside in the United States or Puerto Rico. To qualify, you must have a valid Social Security number or a valid driver’s license or government-issued photo ID. Once you meet these criteria, you can apply for a My Best Buy Visa(r) Card. Once you have an approved application, the credit card will be mailed to you. The application process usually takes seven to fourteen days.
Elite Plus Cardmembers earn 6% back on eligible Best Buy purchases

The Best Buy Visa Card offers its members a variety of flexible financing options and 5% back on all purchases. Members also earn 1.5 points per dollar spent on dining, gas, and grocery purchases. Best Buy also offers flexible financing options with low interest rates. A minimum spend of $250 is required to earn the highest rewards. Members earn a $5 reward certificate with every 250 points earned. There is a hefty annual fee of $95, but it offsets the risk for consumers with middling credit.

Elite Plus Cardmembers earn 6% back from eligible Best Buy purchases. With the best rewards program in the industry, you can save up to $300 every year on new electronics and accessories. Plus, you’ll save money on gas and other everyday expenses by avoiding late payment penalties. It’s easy to see why people prefer this Best Buy credit card. It also features no annual fee.
3% back on eligible gas purchases

The Best Buy credit card offers 3% back on gas purchases. You can use this card to get reimbursed for your gas expenses and earn perks. You can use the card to buy gas at gas stations, restaurants, and even at the bar. But the most attractive feature of this card is its flexibility in terms of financing. Regardless of your credit history, you can benefit from its low interest rate and flexible financing options.

The deferred interest program is a great way to avoid paying interest for major purchases, but you have to make sure that you pay off the purchase by the deadline. If you are worried about paying off your gas bill early, you might want to consider a 0% APR introductory offer. This offer won’t require you to pay off your purchase in full. However, in order to get 3% back on your gas purchases, you’ll need to spend at least 1.5 points on each dollar of gas you purchase.
5% back on eligible grocery, dining and take-out purchases

The Best Buy credit card offers 5% back on groceries, dining and take-out purchases, and 2% cash back on gas and other purchases. Depending on the type of card, you can earn a bonus if you spend more than the minimum threshold. For example, if you spend $200 at Best Buy, you’ll earn a bonus of $200 in Best Buy rewards certificates. With the Best Buy credit card, you won’t have to worry about paying interest on the balance, since it’s a no-fee credit card.

The My Best Buy credit card is an excellent choice for people looking for a credit card with rewards that go beyond cash back. This card offers 5% back on eligible purchases at Best Buy, and offers flexible incentives like rewards certificates. Plus, it offers deferred-interest financing and special financing terms. So, if you’re planning a large purchase at Best Buy, this is the perfect card for you.