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The Best Buy Credit Card Activation is undoubtedly the best option for those who shop regularly at the franchise’s stores. Using it you can finance electronics, accumulate cashback and even take advantage of special promotions.
Our goal today is to show you how the Best Buy Credit Card Activation process works, explaining the types of cards available, what their fees are, benefits, and even answering questions about the requirements to get the card.
With all this information, you will be able to decide if the My Best Buy Credit Card or the My Best Buy Visa Card is better for your consumption profile. Keep reading and find out everything you need to know before activating your card!
What is the My Best Buy credit card?
The My Best Buy credit card is an option offered by the Best Buy electronics chain in partnership with Citibank, aimed at consumers who shop in-store.
At first, it works like a store card, offering exclusive advantages such as rewards programs that accumulate points with each purchase made.
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In addition, the card offers special interest-free financing options on certain products or values, which can be interesting for those who need to pay for large purchases in installments.
Best Buy Card Types
There are two types of cards, let’s see what they offer.
My Best Buy Credit Card
The My Best Buy Credit Card offers exciting benefits for frequent Best Buy customers.
Using it, you will have flexible financing options, thus allowing you to pay in installments for specific purchases with extended terms and, in some cases, without interest.
In addition, the card provides 5% cash back in rewards, that is, for each purchase made with the card at Best Buy, the customer earns points in the My Best Buy™ program.
You can also earn 6 points per dollar spent, which can be accumulated and exchanged for discount coupons and other exclusive benefits within the network.
In short, these advantages make the card an interesting option for those who usually purchase electronic and technological products on a regular basis.
My Best Buy Visa Card
The My Best Buy Visa Card is a credit card that extends the benefits of the My Best Buy rewards program.
As a rule, it also provides 5% back in rewards for purchases made at Best Buy, as well as flexible financing options for certain products.
The difference when compared to the My Best Buy Credit Card is that outside the network, you will gain:
- 3% back in rewards at gas stations;
- 2% in supermarkets, restaurants and takeaway orders;
- 1% on all other purchases.
In addition, the card allows you to accumulate bonus points in promotional categories for a limited time.
It is worth mentioning that the accumulated points can be exchanged for discounts and products. Making the card a useful tool for consumers looking to maximize their benefits in different types of purchases.
You still won’t have to pay fees, as the card is free from fees on international transactions. Allowing you to make purchases anywhere in the world.
Best Buy Card Fees
The My Best Buy credit card has a fee structure that varies according to the customer’s credit profile.
First of all, the annual percentage rate (APR) for purchases is variable and is at 31.49%. Both for the traditional card and for the My Best Buy® Visa.
If you have outstanding debts, there will be a minimum interest charge of US$ 2.00.
Now, for balance transfers, there will be an additional fee of US$ 15 or 5% of the transferred amount, whichever is greater.
Cash advances, on the other hand, are subject to an APR of 29.99%. With a fee of $10 or 5% of the withdrawal amount.
Finally, the card’s annual fee varies between $0 and $59, depending on the credit analysis performed.
How does the service work for those who purchase this credit card?
Those who purchase the My Best Buy Credit Card have customer service available 24 hours a day, 7 days a week.
Card members may contact 1-888-574-1301 with questions, invoices, transaction issues, or information about the rewards program.
For people with hearing impairments, service can be done through TTY 711 or another relay service. Ensuring inclusive and continuous support any day of the week.
What credit score do you need to have to get this card? (Best buy credit card activation)
Best Buy does not specify a credit score range for eligibility. However, its services suggest that it may qualify for at least some version of the card with suboptimal credit.
In general, closed-loop store cards are easier to obtain than open-loop cards. That’s why many people with reasonable or average credit start with a store card.
Is TJMaxx card better than Best Buy? (Best buy credit card activation)
If you are looking for a card that really offers benefits on your day-to-day purchases, especially in stores, the TJMaxx credit card is another option that is well worth considering.
With it, you can participate in a rewards program that offers 5 points per dollar spent in TJX group stores.
The Platinum version also guarantees 1 point per dollar on purchases made outside the network. And the best part: the points do not expire.
If these benefits caught your attention, we recommend that you see the complete TJMaxx credit card review and understand exactly everything it has to offer you.
Conclusion
Based on the information you have learned, you can understand what you need to get the Best Buy Credit Card.
Both the My Best Buy Credit Card and the My Best Buy Visa Card offer several advantages. The main one being the cashback program where you will be able to have good financial results. It is worth mentioning that exclusive promotions also draw attention, as there are exclusive offers for Best Buy customers.
Although the card has high fees for certain operations, the return in points and other benefits may be worth it.
Evaluating your consumption profile, understanding the costs involved, and comparing it with other options. Such as the TJMaxx card, is the best way to ensure that activating your card brings more advantages than expenses.