Can the My Best Buy Credit Card Be Used Anywhere?

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Can the My Best Buy Credit Card Be Used Anywhere?

Because the My Best Buy credit card is an in-store credit card, it can only be used at Best Buy shops and while making online purchases via the Best Buy website. The card is not accepted outside of Best Buy since it is not affiliated with any major financial card networks such as MasterCard, Visa, American Express, or Discover. Best Buy does, however, provide the Best Buy Mastercard or Visa credit card, which may be used everywhere MasterCard-branded cards are accepted.

Key Takeaways

  • The My Best Buy store credit card is exclusively valid at Best Buy stores and online, and it offers cardholders benefits such as 5% cash back and no-interest financing on purchases.
  • The card, like many other retail credit cards, cannot be used to make purchases elsewhere, such as on Amazon.
  • Best Buy, on the other hand, offers a branded Visa or Mastercard that may be used anywhere in the globe.

The My Best Buy Credit Card

Citibank released the My Best Buy store credit card, which is intended to benefit users who can only use it at Best Buy shops and its online. As a result, it is not a normal credit card that can be used somewhere else, such as Amazon or Walmart.

The major benefit of the card is that it gives normal cards 5% back in rewards and Elite Plus members 6% back. Best Buy has previously provided special six-month financing for sales over $199, 12-month financing for purchases over $399, 18-month financing for large appliance purchases totalling $599 or more, and 24-month finance for home theater purchases totaling $799 or more.

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Best Buy credit cards do not have to pay interest during the promotional period for the special financing offer if they make their set monthly payments on time and pay off their balances at the conclusion of the campaign period. Furthermore, Best Buy started advertising its credit card in 2017 by offering its customers 10% back in incentives on their initial transactions.

Best Buy’s Elite Plus customers get extra benefits. After spending $3,500 at Best Buy or a linked shop in a calendar year, cardholders may become Elite Plus members. Cardholders who achieve Elite Plus level get 6% cash back on all Best Buy purchases.

My Best Buy Credit Card Terms

Aside from special financing, the My Best Buy store credit card has an interest rate equivalent to the prime rate + 21.99%. In addition, the card carries a late payment penalty of up to $40. Citibank has a $2 minimum interest rate.

In addition to the My Best Buy store card, Best Buy has a co-branded credit card with Visa that may be used everywhere. Both kinds of cards will continue to provide 5% cash back to Best Buy customers. The My Best Buy Visa usually offers cardholders 3% back on gas purchases, 2% cash back on groceries and at restaurants, and 1% cash back on everything else. Special financing deals do not qualify for cash-back benefits.

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