Best Buy Credit Card Review 2018 – Those who love shopping at Best Buy should know Best Buy credit card very well. The excellent credit card offers convenience, benefits and features for the cardholders. Best Buy offers two distinct credit cards which are My Best Buy Visa and My Best Buy credit card.
Each offers benefits and drawbacks for shopping at Best Buy store. Whether you are planning to make a card, you should get information about Best Buy credit card review 2018. Doing so, you can make a decision whether or not the card suits you.
Table of Contents
- 1 Best Buy Credit Card Review 2018
- 1.1 Best Buy Credit Card Review 2018: Visa and Non-Visa Comparison
- 1.2 Best Buy Credit Card Review 2018: Benefits and Drawbacks
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Best Buy Credit Card Review 2018
Talking about Best Buy credit card, it allows you to make purchase from Best Buy and pay them later. You can pay the products either all at once or monthly. For every purchase, you are eligible for 5 percent rewards. If you hold My Best Buy Visa, you will be able to earn 2 percent cash back on groceries, dining out, and gasoline. In addition, you will also get 1 percent cash back on every spending. To get more information about Best Buy credit card, you need to check this out.
Best Buy Credit Card Review 2018: Visa and Non-Visa Comparison
As aforementioned, there are two options of Best Buy credit card which are My Best Buy Visa and My Best Buy credit card. The two cards come with slight differences, even though they mostly offer the same convenience and features. When it comes to detailed Best Buy credit card review 2018, you need to differentiate the two cards according to several aspects as follows:
Credit card from Best Buy, whether Visa and non-Visa provides rewards for the cardholders. However, My Best Buy Visa seems offering more features especially rewards. The Best Buy Visa holders are able to get 5% on purchases at Best Buy. They will also earn 2% on groceries, dining, and gas, in addition to 1% back for everything else. Meanwhile, My Best Buy credit card provides only 5% on purchases at Best Buy. It does not offer rewards at gas station, restaurants, or anything else like Visa.
Both Best Buy credit card Visa and non-Visa comes with no annual fee. It is possible for any of you to apply for the credit card without being worry about annual payment. In other words, you can enjoy more features from the credit card.
Best Buy Visa credit card holder can use the card almost anywhere. As long as the merchant has Visa logo, you will be able to experience the features and benefits. In contrast, Best Buy credit card non-Visa can only be used at Best Buy stores. Therefore, it is only suitable for Best Buy’s frequent buyers.
Cardholders who plan to get some financial assistance will easily get the benefits by having Best Buy credit cards. Both Best Buy Visa credit card and non-Visa provides financing availability. There are various financing options to assist you in purchasing items from Best Buy.
The financing periods vary depending on the purchase total, ranging from 6 months with purchase total of $199+ up to 24 months financing period with purchase total of $799+.
Thing to consider when using financing options for Best Buy purchase is the chance that it might be a trap for you. Pay attention to the due date because if you fail to pay the balance by the period ends, you will end up paying high interest according to the amount that you owe.
Furthermore, the interest will be counted retroactively which means dating back to purchase time. In other words, it is going to burry you with huge bill. To avoid such thing, you need to keep in mind the end of the financing periods and pay the balance off.
Best Buy Credit Card Review 2018: Benefits and Drawbacks
It is not a secret that Best Buy credit card comes with amazing rewards for in-store purchase. It also offers fantastic backs for grocery purchase and dining. These benefits, however, are available for in-store purchase and are not available for other stores.
For customers who frequently shop at Best Buy, surely this is a great benefit. But for those who don’t, they might need to think twice to apply for the credit card.
Talking about Best Buy credit card review 2018, surely you need to know the features and benefits it offers. Not only rewards and backs, there are more other advantages for cardholders. Below, you are about to find out some reasons why Best Buy credit card is somehow considerable.
When using Best Buy credit card, you are accumulating points for every purchase. Later, the points can be redeemed for certificates of reward. The cardholders can use the certificate to purchase merchandise provided by Best Buy.
About the point, you will be awarded 2.5 points for every 1 dollar you spend. In addition, you will also get 1 point extra for every 1 dollar you spend on bars, restaurants, and groceries. If you make purchase at gas stations, you will also receive 1 point for every 1 dollar. But, please note that the point is only available at the affiliated store of Best Buy.
In Best Buy credit card review 2018, you will also find out that Best Buy cardholder will be able to receive backs for every purchase. If you are using Best Buy credit card for every purchase at Best Buy, you will earn 5 percent back for every eligible purchase. If you join Elite Plus members, then you are able to earn 6 percent backs for eligible purchase.
No Annual fee
Good news for Best Buy cardholders, it does not charge annual fee. In other words, you can apply for the credit card without being worry about membership payment. Whether you choose My Best Buy Visa or My Best Buy credit card, there is no annual fee needed. It is such peace of mind because you can enjoy the features and benefits without spending certain amount of money for the annual fee.
It cannot be denied that Best Buy credit card is a versatile and convenient card that makes your wish come true. Simply use the card and you will be able to bring home anything you need from Best Buy. Yet, when it comes to Best Buy credit card review 2018, you cannot close your eyes from the drawbacks. Best Buy credit card is somehow like typical products which come with disadvantages.
Apart from the fact that Best Buy credit card offers some benefits and convenience, the smart cardholders should also consider its drawbacks. Doing so, they can decide if this credit card is worth choosing. Below are some drawbacks which come along with Best Buy credit card.
It is true that Best Buy provides financing option with 0% APR over certain period. You will not find any problem with that, but it will be a different story if you fail to pay off the balance by the end of the period. Once the cardholder cannot pay the balance by the due date, the interest will be rocketing for the amount that you owe.
The worst part is that the interest will be counted retroactively, which forces you to pay a bill far higher than the normal price. It sounds unfair but it really is. To avoid such case, you need to be careful when deciding to use financing option. Make sure you are able to pay off the balance by the due date or before.
No reward point for finance
So you choose to apply for Best Buy because of the rewards? Wait until you know the fact that you might be not eligible to receive the reward points. Please note that reward point is also provided for cardholders who purchase without finance. In other words, you will not be eligible for reward points if you choose to purchase with finance.
Lead to lavish lifestyle
The convenience to purchase stuff from Best Buy somehow leads you to bad habit. You are about to live a lavish and extravagant lifestyle because you can buy anything you do not really need. Especially with finance options, it tends t-o make people less wise in making decision when shopping.
It is strongly recommended not to buy something that you do not need. The most important, do not buy something you cannot really afford.
Only beneficial for frequent buyers
Best Buy credit card, especially non-Visa, can only be used at Best Buy and other affiliate stores. It means the credit card is suitable for frequent buyers. If you rarely shop at Best Buy, applying credit card is not really necessary for you.
Last but not least, Best Buy credit card is a versatile product that offers features and benefits. Not only providing rewards and backs, it does not charge annual fee that makes you have nothing to lose. However, it also comes with drawbacks that you have to consider. You need to be careful especially when using finance to purchase product. After knowing Best Buy credit card review 2018, will you apply for it?