The Best Buy card offers either 5% back on purchases or special financing options. The Best Buy (BBY) credit card, issued by Citibank (C), is designed to encourage spending on products offered by Best Buy both in stores and online. For Elite Plus members, the rewards go up to 6%.
Credit limit increases on the Best Buy credit card are restricted to once every six months. However, an automatic increase may occur when Citi reviews your account, but be aware that using the card might impact your credit score.
Financing Details and Payment Plans
When purchasing at Best Buy, financing options are available for those unexpected expenses. For purchases exceeding $299, interest-free payment plans are available as follows:
- Purchases over $299: 12 months interest-free.
- Purchases over $599: 18 months interest-free.
- Purchases over $799: 24 months interest-free.
For customers spending more than $999, extended interest-free financing up to 24 months is also available for Geek Squad purchases and home theatre systems. Remember to pay within the designated period to avoid interest charges.
If you’re not eligible for a Best Buy credit card, Progressive leasing offers a 12-month payment plan with potential rewards if paid off within 90 days.
Other Payment Options
Best Buy also provides flexible payment options for those looking to buy now and pay later:
- Progressive leasing offers a 12-month plan.
- Reduced rate credit on certain large purchases stretches payments over 36 months, though interest applies at a rate lower than standard APR.
Please note, Best Buy does not accept Afterpay financing and only supports payments through its own credit cards or lease-to-own programs.