Best Buy Credit Card Reviews (2024)

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The Best Buy Credit Card can be a worthwhile choice if you consistently pay your monthly bill in full and frequently shop at Best Buy. It stands out because it allows you to earn 5% back on Best Buy purchases in the form of gift certificates.

However, it has a significant drawback, which is its deferred interest clause in financing plans. Additionally, you must decide between earning rewards or opting for promotional financing when using the card.

Contents

Best Buy Credit Card key features

Here’s a break down the key terms for this credit card:

Accepted Credit Scores:

  • This credit card is available to individuals with both excellent and good credit scores.

Annual Fee:

  • There is no annual fee associated with this credit card, meaning you won’t have to pay a yearly fee for using it.

APR on Purchases:

  • There is a 0% introductory Annual Percentage Rate (APR) for purchases during the first 12-24 months, depending on the terms. After that introductory period, the APR is 31.49% (Variable).

Balance Transfer:

  • If you transfer a balance from another credit card to this one, the APR for that balance will be 31.49% (Variable).
  • Additionally, there is a balance transfer fee of 5% of the amount transferred, with a minimum fee of $15.

Rewards:

  • When you make your first purchases with this credit card within 14 days of opening the account, you will earn 5 points per $1 spent, which is equivalent to 10% back in rewards.
  • For qualifying Best Buy® purchases when you choose Standard Credit, you’ll earn 2.5 points per $1 spent (5% back in rewards).
  • When you make purchases at gas stations, you’ll earn 1.5 points per $1 spent (3% back in rewards).
  • Purchases at restaurants, bars, and grocery stores will earn you 1 point per $1 spent (2% back in rewards). For all other net purchases made with this credit card outside of Best Buy, you’ll earn 1 point per $2 spent (1% back in rewards).
  • You can choose between receiving 5% back in rewards or flexible financing options.
  • You’ll receive a $5 reward certificate for every 250 points earned.

In summary, this credit card offers rewards based on your spending, a 0% introductory APR on purchases for a specified period, and no annual fee. However, it has a high regular APR and charges a fee for balance transfers.

Best Buy Credit Card’s additional info

The Best Buy® Credit Card offers deferred interest options on various types of purchases:

  • Storewide Purchases: You won’t pay interest if you pay the full amount within 12 months for purchases of at least $299.
  • Appliance Purchases: No interest if you pay in full within 18 months for appliance purchases of at least $599.
  • Yardbird Purchases: For Yardbird purchases of $999 or more, there’s no interest if paid in full within 18 months.
  • Unlocked Phones: If you buy unlocked phones worth $649 or more, you won’t have to pay interest if paid in full within 24 months.
  • Exercise Equipment: Select exercise equipment purchases of $799 or more have no interest if paid in full within 24 months.
  • Home Theater: Home theater purchases of $999 or more won’t accrue interest if paid in full within 24 months.
  • Microsoft Surface Laptops: For Microsoft Surface Laptop Go 3 and Surface Laptop Studio 2 purchases of $799 or more, there’s no interest if paid in full within 24 months.

Additionally, if you don’t qualify for the My Best Buy™ Credit Card, Citibank may consider you for alternative credit card options, such as the My Best Buy™ Credit Card Preferred account, My Best Buy™ Store Card account, or My Best Buy™ Visa® Gold account, in that order, depending on your creditworthiness.

Best Buy Credit Card pros & cons

Here’s a detailed breakdown of the pros and cons of the Best Buy Credit Card:

Pros:

  • No Membership Fees: You won’t have to pay any annual fees just for having the card.
  • High Rewards Rate: The card offers a competitive rewards rate, allowing you to earn rewards on your purchases.
  • 10% Back in Rewards Initial Rewards Bonus: There’s a substantial initial rewards bonus of 10%, which can be quite rewarding for your initial purchases.
  • No Foreign Transaction Fees: When you use this card for purchases outside the United States, you won’t incur any additional foreign transaction fees.

Cons:

  • No Introductory APR on Balance Transfers: The card does not provide an introductory 0% APR for balance transfers. This means you’ll start accruing interest on transferred balances immediately.
  • Balance Transfer Fee: When you transfer a balance from another credit card to the Best Buy Credit Card, you’ll be charged a fee for this service. This fee can add to your overall debt.
  • Requires Good/Excellent Credit: To be eligible for this credit card, you’ll need a good or excellent credit score. If your credit is less than stellar, you may not qualify.

In summary, the Best Buy Credit Card offers benefits like no membership fees, a high rewards rate, and an initial 10% rewards bonus. However, it lacks an introductory APR for balance transfers and comes with a balance transfer fee. Additionally, it’s only available to individuals with good to excellent credit scores.

Compare the Best Buy Credit card vs. other cards

Certainly, let’s compare the Best Buy® Credit Card, Wells Fargo Autograph℠ Card, and Citi Rewards+® Card based on their key features:

Purchase intro APR:

  • Best Buy® Credit Card: 0% for 12-24 months.
  • Wells Fargo Autograph℠ Card: 0% for 12 months from account opening.
  • Citi Rewards+® Card: 0% for 15 months.

Transfer intro APR:

  • Best Buy® Credit Card: Not Offered.
  • Wells Fargo Autograph℠ Card: Not Offered.
  • Citi Rewards+® Card: 0% for 15 months with a transfer fee of 3% intro fee ($5 min) for each transfer in the first 4 months, and 5% ($5 min) for each transfer after that.

Regular APR (Variable):

  • Best Buy® Credit Card: 31.49% (V).
  • Wells Fargo Autograph℠ Card: 20.24% – 29.99% Variable.
  • Citi Rewards+® Card: 18.74% – 28.74% (V).

Rewards rate (Points per $1 spent):

  • Best Buy® Credit Card: 0.5 – 2.5 points / $1.
  • Wells Fargo Autograph℠ Card: 1 – 3 points / $1.
  • Citi Rewards+® Card: 1 – 2 points / $1.

In summary, when comparing these cards, it’s important to consider your specific financial needs and spending habits.

The Best Buy® Credit Card offers longer purchase intro APR options but has a high regular APR. The Wells Fargo Autograph℠ Card has a moderate regular APR and offers rewards, while the Citi Rewards+® Card has the lowest regular APR and competitive rewards rates but comes with a balance transfer fee.

Your choice should align with your preferences for introductory rates, rewards, and long-term APR.

How can I pay my Best Buy Credit Card?

To pay your Best Buy Credit Card, you have several options:

  1. Online: Log in to your online account, click “Make a Payment,” and choose the payment amount, date, and source.
  2. Phone: Call 1-888-574-1301 and follow the prompts to enter your card information.
  3. Text Message: Text “PAY” to 81964 from the mobile device linked to your My Best Buy Credit Card account. Then, reply with the payment amount and the payment account.
  4. Mail: Send a check or money order (no cash) to the provided address, including your credit card number on the check. Make sure to send it 5-7 days before the due date.
    • For regular mail:
      My Best Buy Credit Card Payments
      P.O. Box 78009
      Phoenix, AZ 85062-8009
    • For express mail:
      Attn: Consumer Payment Dept.
      6716 Grade Lane
      Building 9, Suite 910
      Louisville, KY 40213
  5. In-Store: Visit any Best Buy store during their regular business hours to make a payment.

You can also use these methods to pay your Best Buy Store Card. Automatic payments are an option as well.

What bank issues the Best Buy credit card?

The Best Buy Credit Card, along with the Best Buy Store Card and the Best Buy Gold Visa Credit Card, is issued by Citibank. Citibank also offers other credit cards like the Citi Double Cash Card – 18 month BT offer and the Citi Rewards+ Card.

How can I reach the Best Buy Credit Card customer service?

To reach Best Buy Credit Card customer service, you have three options:

  1. Online: Log in to your Best Buy account, click on “Get Help,” and a virtual assistant can assist with common inquiries and frequently asked questions, such as those related to promotional balances.
  2. Phone: You can call (888) 574-1301, which is the customer service number located on the back of your card. This will connect you to a representative who can assist you.
  3. Mail: You also have the option to contact Best Buy Credit Card via traditional mail. Send your inquiries to the following address: Best Buy Credit Card
    P.O. Box 790441
    St. Louis, MO 63179-0441

Keep in mind that using mail is the least convenient method, and it may take a few business days for your inquiry to reach its destination.

How do I find my Best Buy Credit Card number?

To find your Best Buy Credit Card number, you should look at the front of your physical card. It’s a 16-digit number positioned between the card’s chip and your name as the cardholder.

This same location applies to the Best Buy Store Card number as well. Keep this number handy, along with the card’s expiration date and security code, as you’ll need them when making purchases online or over the phone.

Where can I fill out my Best Buy credit card application?

You can apply for a Best Buy credit card either online or in-store. Both methods provide the opportunity for instant approval, but it might take up to 14 business days to receive a decision in some cases. Once approved, you can start using the card immediately, but if there are other credit cards linked to your Best Buy account, you’ll need to enter a 3-digit security code during checkout, which you’ll receive with the physical card.

Here’s how to apply online:

  1. Create a BestBuy.com account.
  2. You’ll be redirected to the issuer’s website, where you can complete a secure online application form.
  3. The issuer will determine which card you qualify for based on your credit standing: the Best Buy Store Card for fair credit or better, or the Best Buy Credit Card for at least good credit. There’s only one application for both cards.

To apply in-store:

  1. Visit your nearest Best Buy location.
  2. Any cashier or customer service representative can provide you with the application, which you can complete within a few minutes.
  3. Just like the online application, Citibank will decide if you qualify for the Best Buy Store Card or the Best Buy Credit Card.

Regardless of whether you apply online or in-store, you can expect the card to arrive in the mail within 7-14 days if you’re approved. The application form asks standard personal and financial questions, such as your income and existing debt.

How do I check my Best Buy credit card application status?

To check the status of your Best Buy credit card application, you have two simple options:

Online Method:

  1. Visit the Best Buy Credit Card webpage.
  2. Click on the “Check application status” link.
  3. Provide your date of birth, Social Security number, and zip code.
  4. Click “Submit” to view your application status.

Phone Method:

  1. Call the Best Buy Credit Card center at (888) 574-1301.
  2. Enter your Social Security number.
  3. If you have it, provide your application reference number. If not, they can find your application using your name and SSN.
  4. If your application is approved, your card is on its way (usually within 10 business days). If it takes longer, contact Best Buy for assistance.
  5. If your application is denied, you can request reconsideration by calling Citibank at (888) 201-4523. You’ll need to demonstrate that your credit or income is better than it appeared on your application.

These methods work for both the Best Buy Credit Card and the Best Buy Store Card.

How do I use a Best Buy Credit Card before it arrives?

You can use your Best Buy Credit Card before it arrives both in-store and online. Here’s how:

In-Store:

  1. Inform a Best Buy cashier that you want to use your new Best Buy Credit Card, even though you haven’t received the physical card yet.
  2. Provide the necessary information for them to access your account.
  3. Present a government-issued ID for identity verification.
  4. Complete your purchase.

Online:

  1. Create or log in to your Best Buy account.
  2. Visit the Best Buy credit card page and select “Check Your Application Status.”
  3. Enter your information and click “Submit,” which will redirect you to the issuer’s website, showing your application status.
  4. If you are approved, click “Continue” in the bottom right corner.
  5. Follow the prompts until you’re given the option to save your card as the “primary” payment method.
  6. Check the “Make this my primary card” box and click “Add Card to My Account.”
  7. Use your new card to pay during the online checkout process.

You’ll also start earning rewards with your Best Buy Credit Card as soon as it’s set as your primary payment method in your account. Expect your physical card to arrive by mail within 10 business days after approval.

What are the Best Buy Credit Card requirements for approval?

To get approved for the Best Buy Credit Card, you need to meet certain requirements:

  1. Age: You must be at least 18 years old.
  2. Residential Address: You should have a physical address in the United States; P.O. boxes won’t work.
  3. Income: You need to demonstrate that you have enough income to cover the minimum monthly payments on the card.
  4. Social Security Number or ITIN: You must have a valid Social Security Number or Individual Taxpayer Identification Number.
  5. Credit Score: For the Best Buy Credit Card, you generally need at least good credit. However, for the Best Buy Store Card, fair credit may be acceptable.

It’s crucial to provide accurate information when applying for this card, as knowingly providing false or misleading details on a credit card application is a federal offense.

How long does it take to get approved for the Best Buy Credit Card?

The time it takes to get approved for the Best Buy Credit Card varies. If you meet the approval criteria and your identity is quickly verified, you may be approved instantly. For other applications, it might take up to 10 business days for approval after further review.

If you don’t receive an immediate decision, it doesn’t necessarily mean you won’t be approved later. Most applicants receive a final decision within 10 business days via mail. You can also check your application status online or by calling customer service at (888) 574-1301. If approved, your new card should arrive by mail within 14 days.

How do I check my Best Buy credit card application status?

To check your Best Buy credit card application status, you have two options: online and by phone. Here are the steps for both methods:

Online Method:

  1. Visit the Best Buy Credit Card page.
  2. Click on “Check application status.”
  3. Provide your date of birth, Social Security number, and zip code.
  4. Click “Submit.”

You will then see the current status of your Best Buy Credit Card application. If you find online checking convenient, this method is available.

Phone Method:

  1. Call the Best Buy Credit Card center at (888) 574-1301.
  2. Enter your Social Security number when prompted.
  3. If you have it, provide your application reference number. If not, they can look it up using your name and SSN.

If your application is approved, your new card will be on its way and should arrive within 10 business days. If it takes longer, you can call the Best Buy Credit Card center again for an update. If your application is denied, you can request reconsideration by calling Citibank at (888) 201-4523. You’ll need to explain why your credit or income is better than it appeared on your initial application.

Read Also:  Amazon Credit Card Review (2024)

What credit score do you need for the Best Buy Credit Card?

The Best Buy Credit Card typically requires a credit score of 700 or higher for approval. This means you need at least a “good” credit score to have a good chance of being approved.

However, it’s important to know that other factors can also affect your approval, such as your income, existing debts, number of open accounts, recent credit inquiries, employment status, and housing situation.

While it’s possible to be approved with a slightly lower credit score, it’s advisable to apply when you meet or exceed the 700 credit score requirement to improve your chances of approval. You can check your credit score for free on WalletHub to see where you stand.

Why was my Best Buy Store Card application denied?

Your Best Buy Store Card application might have been denied for several reasons. Meeting the minimum credit requirement doesn’t guarantee approval because credit card issuers consider various factors, including your income and existing debt, when making approval decisions.

If you were declined for the Best Buy Store Card, you can request an explanation from Citi within 60 days of receiving the notification. This right is protected by the Equal Credit Opportunity Act.

What are my Best Buy credit card approval odds?

Your Best Buy® Credit Card approval odds are favorable if you have at least a good credit score. There are two types of Best Buy credit cards: the Best Buy® Credit Card and the Best Buy® Store Card, which can only be used at Best Buy.

If you’re not approved for the Best Buy® Credit Card, you’ll automatically be considered for the Best Buy Store Card, which requires a fair credit score. However, approval for the Best Buy® Credit Card depends on more than just your credit score.

Here are the key requirements for approval:

  1. Credit Score: A fair credit score is needed for the store card, while a good credit score is required for the Visa version.
  2. Age: You must be 18 years or older (21 in Puerto Rico).
  3. Mailing Address: Your address must be within the United States.
  4. Social Security Number (SSN): An SSN is necessary for the application; an Individual Taxpayer Identification Number (ITIN) cannot be used as a substitute.
  5. Income: Your income plays a significant role in the approval process.

Before applying, it’s important to check your credit score. If your score is below 640, consider improving it before applying, as even a short period of improvement can make a difference. If your credit score needs more substantial improvement, you may want to secure a secured credit card and use it for credit rebuilding purposes until you reach the fair credit range.

Can I get a Best Buy Credit Card with no credit?

No, you cannot obtain a Best Buy Credit Card if you have no credit history. To be approved for a Best Buy Credit Card, you need a good credit score, typically 700 or higher. If you don’t meet this requirement, you may be considered for the Best Buy Store Card or the Best Buy Gold Visa Credit Card, both of which require at least fair credit, usually a credit score of 640 or higher.

Having no credit means you don’t have a history of borrowing or making payments that lenders can evaluate. Lenders prefer to see a track record of responsible credit use, which is why it’s challenging to get a credit card with no credit.

Here are some ways to get a credit card when you have no credit:

  1. Become an authorized user: You can be added as an authorized user on someone else’s credit card account, like a family member’s. This allows you to have your own card and access to their credit line, helping you build credit. However, both positive and negative information will be reported to credit bureaus.
  2. Apply for a credit card designed for people with no credit: Some credit cards are specifically designed for individuals with limited or no credit history. These cards can help you establish a credit history if you use them responsibly. One example is the Capital One Platinum Credit Card, which has no annual fee and reports to major credit bureaus.

There are no shortcuts to obtaining a Best Buy Credit Card with no credit. It will take time to build a credit history and reach at least a fair credit score. To increase your chances of approval, maintain a good payment history, a low credit utilization ratio, and responsible credit management.

In summary, start by building your credit through one of these options, monitor your credit score regularly, and apply for a Best Buy Credit Card once your credit score meets their requirements. Ensure you have a verifiable income and minimal debt to support your credit application.

What are the top Best Buy credit card benefits?

The top benefits of the Best Buy® Credit Card are as follows:

  1. Rewards Program: You can earn points when you make purchases with this card. Specifically, you get 2.5 points for every $1 spent at Best Buy, 1.5 points for every $1 spent at gas stations, 1 point for every $1 spent at restaurants, bars, and grocery stores, and 0.5 points for every $1 spent on all other purchases.
  2. Initial Offer: On your first day of purchases within the first 14 days of getting the card, you receive an initial offer of 10% back in rewards, which is equivalent to 5 points for every $1 spent during that period.
  3. Reward Certificates: You’ll get a $5 reward certificate for every 250 points you earn. This allows you to redeem rewards for future purchases at Best Buy.
  4. Fraud Protection: The card provides $0 fraud liability protection, meaning you won’t be held responsible for unauthorized charges on your account.
  5. Credit Reporting: The card reports your credit activity to the credit bureaus on a monthly basis. This helps you build or improve your credit score.

It’s worth noting that while these benefits are decent, the Best Buy® Credit Card may not offer as many advantages as some other credit cards available. Therefore, it’s advisable to explore other store credit card options and compare their benefits before making a decision.

Does the Best Buy Credit Card offer extended warranty protection?

No, the Best Buy Credit Card and Best Buy Store Card do not provide extended warranty protection. Instead, Best Buy offers its own protection plan that customers can purchase separately to extend coverage beyond the manufacturer’s warranty. However, this protection plan is not free, unlike the extended warranty benefits that some credit cards offer.

Alternative credit card option:

If you are looking for a credit card with extended warranty benefits, you might want to consider the Amazon Credit Card. This card extends warranties by up to one year for products with U.S. manufacturers’ warranties of three years or less. Additionally, it offers rewards points for purchases, ranging from 1 to 5 points per dollar spent. The Amazon Credit Card has no annual fee and typically requires a good credit score for approval.

How can I get my Best Buy Credit Card number without the physical card?

To get your Best Buy Credit Card number without the physical card:

  1. Wait for the Card: Typically, it takes 1-3 weeks for your Best Buy Credit Card to arrive by mail. Be patient.
  2. In-Store Purchases: You can still make purchases at Best Buy without the physical card. Visit a local Best Buy store, and at the register, provide some necessary information to use your Best Buy Credit Card for the transaction.
  3. Online Shopping: You can also shop online at BestBuy.com before the card arrives. To do this, follow these steps:
  • Go to the Best Buy credit card page on their website.
  • Click on “Check Application Status.”
  • Follow the prompts to link the card to your online profile.

Remember, it’s important to safeguard your credit card information once you receive the physical card.

Can I use my Best Buy Credit Card anywhere?

The Best Buy® Credit Card can be used wherever Visa cards are accepted, which includes 10.7 million U.S. locations and millions of businesses in over 200 countries and territories worldwide. It’s important to note that the Best Buy Store Card, in contrast, can only be used for purchases made at Best Buy.

The Best Buy® Credit Card doesn’t charge foreign transaction fees, making it suitable for international purchases. Additionally, it has no annual fee and offers a rewards program, with points earned based on your spending. This makes it a favorable choice for individuals who frequently use their credit card for purchases.

What’s the Best Buy Credit Card interest rate?

The Best Buy Credit Card has a standard interest rate of 31.49% (variable) for purchases. This rate also applies to balance transfers, which may have a 5% (minimum $15) fee, and cash advances, which can have a 5% (minimum $10) fee. However, there are special financing options available at times with promotional APRs, such as 0% for 12 – 24 months, depending on the offer.

For deferred interest plans, interest is 0% for 12 – 24 months on select purchases if you pay off the item in full by the end of the promotion period. If you miss even one payment due date, interest will be applied to your entire original purchase amount as if it had been there from the beginning.

The deferred interest plans have varying APRs, such as 11.90% for the 48-month reduced rate credit plan, 8.99% – 12.99% for the 36-month reduced rate credit plan, and 0% – 11.99% for the 24-month reduced rate credit plan. There are also occasional 0% offers for up to 36 months, but these are limited to specific merchandise.

If you’re making a significant purchase at Best Buy and can’t pay it off in a single billing period, consider using a 0% credit card not tied to a specific retailer. This can provide more flexibility and potentially better terms. However, if you choose a deferred interest plan with a Best Buy Credit Card, it’s crucial to pay off your balance in full and on time before the interest-free period ends to avoid accrued interest.

How do I cancel my Best Buy Credit Card?

To cancel your Best Buy Credit Card, follow these steps:

  1. Call Best Buy Credit Card customer service at (888) 574-1301.
  2. Provide your account number for them to access your account details.
  3. Inform the representative that you want to close your account. They may try to persuade you to keep it open, so be persistent.

Before canceling, consider these points:

  • Canceling your card can potentially lower your credit score as it shortens your average account age and reduces your available credit.
  • Best Buy Credit Cards have no annual fees, so it might be better to keep the account open, even if you don’t use it.
  • Cancelling the card doesn’t absolve any outstanding balance; you’ll still need to make your regular monthly payments, but you won’t be able to make new purchases.

How do I report a lost Best Buy credit card?

To report a lost Best Buy Credit Card, follow these steps:

Online:

  1. Log in to your online account.
  2. Go to the credit cards section.
  3. Select “Report Lost or Stolen Card.”
  4. Follow the prompts to complete the process.

Over the phone:

  1. Call (888) 574-1301.
  2. Follow the automated prompts to reach a customer service representative.
  3. Provide the requested information.
  4. Request the cancellation of your old credit card and ask for a replacement.

Once you receive your replacement Best Buy® Credit Card, remember to activate it before using it for purchases. If you have recurring charges linked to the old card, update those accounts with your new card information.

It’s worth noting that your Best Buy® Credit Card is protected by $0 fraud liability, which means you won’t be responsible for unauthorized purchases while it’s lost. However, it’s essential to notify your card issuer promptly if you spot any unfamiliar charges on your account.

How do you get a Best Buy Credit Card replaced?

To replace a Best Buy® Credit Card, you have three options:

Online:

  • Log in to your Best Buy® Credit Card online account.
  • Click the “Services” tab.
  • Select the “Card Services” menu.
  • Click the link to “Replace lost/stolen/damaged card”.

Mobile app:

  • Log in to your Citibank mobile app.
  • Tap the “Services” tab.
  • Select the “Card Services” menu.
  • Click the link to “Replace lost/stolen/damaged card”.

Phone:

  • Call customer service at 1 (888) 574-1301.
  • Be ready to provide personal information for identity verification.
  • Follow the prompts to submit your replacement card request.

There’s no fee for getting a replacement Best Buy® Credit Card, and you should receive the new card within 5-7 business days. You only need to request a replacement if your card is stolen, lost, or damaged. If your card is about to expire, Citibank will automatically send you a new one before it expires. If you haven’t received a replacement card by the expiration date, contact customer service for assistance.

Where can I check my Best Buy Credit Card balance?

You can easily check your Best Buy Credit Card balance using the following methods:

  1. Online: Sign in to your account on the Best Buy website, but you’ll need to set up online banking first if you haven’t already.
  2. Mobile App: Download the issuer’s mobile app for iOS or Android and sign up for online banking. Then, you can check your balance through the app.
  3. Phone: If you prefer not to use the internet, call (888) 574-1301. Follow the provided instructions, and they will assist you in checking your balance.

It’s a good practice to monitor your Best Buy Credit Card balance regularly. If you notice any unusual transactions or if your balance seems incorrect, review your recent transactions for discrepancies.

How can I check my Best Buy Credit Card available credit?

To check your Best Buy Credit Card available credit, you have a few options:

  1. Online: Log in to your online account. If you haven’t registered your card online, you’ll need to do so first.
  2. Phone: You can call the number on the back of your card or dial (888) 574-1301 to inquire about your available credit.
  3. Statement: Your monthly statement will also display your card’s available credit.

Checking your available credit is important to ensure that your card doesn’t get declined when you make purchases.

What’s the Best Buy Credit Card credit limit?

The Best Buy Credit Card credit limit is not publicly disclosed in advance. It is determined based on your annual income and your credit history when you apply for the card. Your credit score is a key factor in this decision, with the Best Buy Store Card typically requiring fair credit and the Best Buy Credit Card requiring good credit.

While there are some reports online of people receiving credit limits of up to $2,500 for the Best Buy Store Card and $1,200 for the Best Buy Credit Card, it’s important to note that these limits can vary and you should not necessarily expect to receive a higher limit with the store card.

Regardless of your specific limit, it’s advisable for your credit score to use only up to 30% of your available credit. Additionally, if you do need to make a significant purchase, paying off the balance as soon as possible is a good practice to maintain a healthy credit score.

How do I get a Best Buy Credit Card credit limit increase?


To get a Best Buy Credit Card credit limit increase, you have a few options:

Request online or over the phone:

You can request a credit limit increase online through your account or by calling (888) 574-1301. This applies to both the Best Buy Credit Card and the Best Buy Store Card. Sometimes, you might receive an increase without asking if your account is in good standing.

Improve your chances:

Pay your bill on time for at least six consecutive months, reduce your outstanding debt, update your income information on your account. A clear increase in income can also boost your chances.

Request online:

Log in to your account, select “Card Services” and then “Credit Limit Increase.” Provide the necessary financial information, like your income, and click “Next.” You’ll quickly learn how much of an increase you qualify for.

If offered a higher limit, you can choose to accept it or request a larger one. If approved, the new limit becomes effective immediately.

Impact on your credit score:

When you request a credit limit increase, the issuer performs a hard pull on your credit report. This temporarily lowers your credit score. They can only do this with your permission.

Alternatively, you might receive an automatic credit limit increase from Best Buy if they regularly review your account and see a history of on-time payments and low debt. This process involves a soft inquiry, which does not affect your credit score.

How long is the Best Buy Credit Card grace period?

The Best Buy Credit Card provides a grace period of 25 days. This period begins at the end of each billing cycle and extends until the payment due date. If you pay the entire statement balance in full every month, you won’t be charged any interest. This grace period also applies to the Best Buy Store Card.

However, if you choose to pay less than the full amount due, you will lose the grace period. In this case, the remaining balance on your Best Buy Credit Card and any new purchases will start accruing interest, which compounds daily. To regain the credit card grace period, you must pay the statement balance in full for two consecutive months.

It’s essential to remember that grace periods do not apply to cash advances or balance transfers.

How much is the Best Buy Credit Card late fee?

The Best Buy Credit Card late fee is typically up to $41. This fee is charged when cardholders fail to make the minimum payment by the due date. For the first late payment within a 6-month period, the fee is $30, but it increases to $41 for subsequent late payments during that time. This same fee structure applies to the Best Buy® Store Card as well.

After consistently making on-time payments for 6 months following the last missed due date, the late fee will reset to $30. It’s important to note that, due to the CARD Act, the late fee can never exceed the minimum payment amount.

If you find yourself with a late payment, you can contact customer service at (888) 574-1301 and ask them to waive the late fee, especially if you have a good payment history. Setting up autopay for at least the minimum required payment is a reliable way to avoid late fees in the future.

What’s the Best Buy Credit Card payment address?

The payment address for the Best Buy® Credit Card and Best Buy® Gold Visa Credit Card is:

My Best Buy Visa Card Payments
P.O. Box 78009
Phoenix, AZ 85062-8009

For Best Buy® Store Card cardholders, the payment address is:

My Best Buy Credit Card Payments
P.O. Box 9001007
Louisville, KY 40290-1007

To avoid late fees, it’s recommended to send your payment at least 7-10 business days before the due date when mailing it. For quicker processing, you can pay online, over the phone at (888) 574-1301, in person at a Best Buy store’s customer service desk, or by texting “PAY” to 81964.

If you prefer overnight delivery or express payments for the Best Buy® Credit Card and Best Buy® Gold Visa Credit Card, use this address:

My Best Buy Visa Card Overnight
Delivery/Express Payments
Attn: Consumer Payment Dept.
6716 Grade Lane
Building 9, Suite 910
Louisville, KY 40213

For the Best Buy Store Card, the same address applies for overnight delivery/express payments.