When shopping for the best credit card for Best Buy, be sure to check the fine print and consider any fees. Rewards certificates do not have cash value and cannot be transferred to someone else. There is no 0% intro APR, and you cannot combine it with any other offer. It also requires a minimum spending requirement of $2,000 per year. For many customers, this membership is not worth the hassle, but it does have its benefits. You can redeem points for reward certificates, and 250 points are worth $5.
Rewards certificates don’t have cash value
The expiration date of Best Buy Rewards certificates is a bit tricky to find. The only time you’ll find this information is on the official Best Buy website. If you want to get the maximum value out of your Best Buy rewards, it’s best to use them within six months after they’re issued. If they haven’t been used within six months, they’re canceled. The expiration date is also unclear.
To redeem your rewards, you must spend a certain amount. In this case, $250 will get you a $5 Best Buy certificate. For elite status, you’ll have to spend $1,500. Once you’ve reached this minimum amount, you can redeem your Best Buy Rewards certificates for Best Buy merchandise. These certificates expire after 60 days, so if you don’t use them by then, they’ll be void.
Can’t be combined with other offers
If you’re looking for a store credit card to use at Best Buy, consider the Visa card. This credit card offers 2.5 points for every dollar spent. Once you have accumulated 250 points, you can redeem your reward certificate for a $5 Best Buy gift certificate. This reward certificate is valid only for Best Buy purchases and is not combinable with other offers. The Best Buy Visa card also offers an additional 5% back on the first purchase after approval. The bonus is not compatible with promotional financing offers.
Can’t be transferred to someone else
You may be wondering whether you can transfer your Best Buy credit to someone else. You can do this by using a different credit card and using the same account number. If you want to transfer the balance to another credit card, you must be careful that the new card has a good intro APR period. Also, you can’t transfer the entire balance to another card if the credit limit on the new card is lower than the credit limit on the Best Buy card.
Doesn’t offer 0% intro APR
The 0 percent intro APR on a Best Buy credit card does not mean that you will never have to pay interest again. In fact, this introductory rate isn’t even applicable if you pay off the balance before the offer expires. After the offer ends, the balance will start accruing interest at its regular rate, which can range from 12 percent to 25 percent annually. Late payment fees can also apply, so it’s important to carefully assess the fees and compare them with the interest.
A 0% intro APR credit card is great for transferring balances from a higher interest card to a lower rate. It’s also a good option for big purchases. Those with good credit are more likely to get the best deals. However, if you have a poor credit rating, you won’t qualify for the 0% intro APR credit card. Fortunately, there are still plenty of cards available that are suitable for both of these scenarios.
Application process
There are two different ways to apply for a Best Buy credit card: online or in person. In-store applications require more time than online ones, since the store will review the application and cross-check the information with your credit report. If approved, your new card should arrive in the mail within seven to fourteen days. If you are unable to wait, you can apply for the Best Buy Visa card in person. If you’re approved, you can start shopping right away.
To complete the Best Buy Visa card application, you’ll need to be at least eighteen years old in the United States or 21 years old in Puerto Rico. You must also have a Social Security Number, driver’s license, or other government-issued photo identification. In order to apply online, you’ll be required to have these three items on hand. If you don’t have these, you’ll have to print out the privacy notice and disclosures or scan them to get a copy. Even though these are minimum requirements, you’re still not guaranteed approval.
