Best Buy Credit Card Rewards: 2 Cards Offer More Ways to Earn Points

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Update: Some offers mentioned below may have changed or are no longer available. View current credit card offerings from our partners at CardCritics Here or on the issuer’s website.

As a leading provider of technology products and services, Best Buy has millions of customers, many of whom have financing needs. Best Buy provides options to meet those needs by offering the My Best Buy credit card and the Best Buy Visa — aka the Best Buy Citi® card — which are rewards credit cards that are part of the electronic store’s rewards programs. Here’s what you need to know about the credit card offerings and the rewards programs so you can consider applying and start earning rewards when you shop.

Best Buy Rewards Credit Cards and Program Review

Find out how the Best Buy rewards program works before you fill out a Best Buy credit card application, which includes a credit check. Then, decide if either Best Buy credit card would be beneficial to have in your financial toolbox.

Best Buy Rewards Program

Signing up for the Best Buy rewards program is free and features three different levels of membership: My Best Buy, Elite and Elite Plus. Members of all levels are eligible for free setup from Geek Squad, special sales and offers, and a $5 rewards certificate for every 250 points earned. You begin earning points as soon as you join.

Related: 5 Best and Worst Deals at Best Buy

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Here’s an example of how rewards add up: If you spend $500 at Best Buy, you’ll rack up 1,250 points, which equals a $25 reward certificate value that can be used as a Best Buy discount in stores and online. Points can be used 15 days from receipt of purchase or time of product shipment. Compare the following levels of the rewards program to see which one could be right for you.

My Best Buy

When you sign up for the My Best Buy rewards program, you automatically enter this first level of membership: My Best Buy. Here’s what it includes:

  • 0.5 points for every $1 spent
  • 2.5 points for every $1 spent using the My Best Buy credit card standard credit option
  • Free shipping on everything


To qualify for and maintain Elite status, you’ll have to spend between $1,500 and $3,499.99 at Best Buy per year. Here’s what you’ll get at this membership level:

  • 1 point for every $1 spent
  • 2.5 points for every $1 spent using the My Best Buy credit card standard credit option
  • Free shipping and free scheduled delivery with no minimum purchase required
  • 30 days for returns and exchanges
  • Point banking option: Members can opt to bank points until ready for rewards certificate
  • Dedicated Elite 24/7 customer service line

Learn More: Best Store Credit Cards

Elite Plus

To qualify and maintain Elite Plus status, you’ll need to make at least $3,500 in purchases each calendar year. Here’s what this rewards membership level offers:

  • 1.25 points for every $1 spent
  • 3 points per $1 when you use My Best Buy credit card standard credit option
  • Free two-day shipping and free scheduled delivery with no minimum purchase required
  • 45 days for returns and exchanges
  • Point banking option
  • Dedicated Elite Plus 24/7 customer service line
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Best Buy Credit Card Review: Shared Features of Best Buy Credit Cards

Both the My Best Buy credit card and the My Best Buy Visa card issued by Citibank share many features. Both offer 5 percent back in Best Buy rewards on qualifying Best Buy purchases. Additionally, your first purchase using standard credit within the first 14 days of opening the account will receive an additional 5 percent back in rewards. Cardholders can also opt for promotional Best Buy financing offers on store-wide purchases instead of rewards.

Both cards also feature a variable 26.24% APR. Cardholders can also participate in reduced-rate credit plan offers with rates between 3.99% APR and 11.90% APR.

Differences Between the Best Buy Credit Cards

Unlike the My Best Buy credit card, you can use the My Best Buy Visa anywhere Visa is accepted. Plus, through December 2017, you can get 3 percent cash back in gas and grocery purchases. The card also offers 2 percent back for restaurant purchases and 1 percent back for all other purchases.

How to Decide Whether to Complete a Best Buy Credit Card Application

When searching for the best store credit cards that earn rewards, choose wisely. Both Best Buy credit cards are good if you enjoy shopping at Best Buy and would like to earn rewards to use at Best Buy. For people who want to apply for a credit card that has flexible rewards that can be used outside of Best Buy, this card won’t deliver.

The interest rate is relatively high on both cards, but if you pay off your balance before interest takes effect, the rewards you can earn might be worth it. Although the promotional Best Buy financing offers of zero interest are attractive, they are only worth it if you make enough Best Buy payments to pay off your balance within the specified time. Otherwise, you will be stuck paying a high interest rate for your purchases.

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Up Next: 27 Ways to Save Money at Best Buy


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