The Best Buy Visa Card offers a huge reward rate for purchases at Best Buy. The other bonus and time-limited categories don’t offer much value as they are unpredictable or can be outperformed by other reward cards.
Earned rewards can only be redeemed for Best Buy reward certificates, which expire 60 days after issuance. The special financing offered by this card on purchases at Best Buy Credit Card may result in you losing your reward points.
Reasons For Having A Best Buy Credit Card
You can get rewards on the following purchases with My Best Buy Visa:
- Buy at Best Buy and receive 5% cashback (2.5 points per dollar) or 6% cashback (3 points per dollar) when you become a Best Buy Elite Plus member.
- 5% discount (2.5 points per dollar) on travel (until December 31, 2021)
- 3% cashback (1.5 points per dollar) on gas purchases
- The cashback program offers 2% cashback (1 point per dollar spent) on restaurant and grocery purchases, and 1% cashback (1 point per $2 spent) on all other purchases.
To join Elite Plus, follow these steps:
- Make purchases worth $3,500 in a calendar year with your My Best Buy Visa card.
- Spend $3,500 at Best Buy with any credit card
- On the first day of purchase, you can also choose a 10% cashback welcome bonus (5 points per dollar) at Best Buy on the first day of purchase within 14 days of account opening.
How to use Best Buy points?
The My Best Buy Visa card accumulates points that can be used for Best Buy merchandise. Think of it like a card that deserves discounts that you can only spend at Best Buy.
For every 250 points you earn, you will receive a $5 Best Buy certificate. For example, if you spend $1,000 at Best Buy with your My Best Buy Visa card, you will earn 2,500 points. It’s worth $50. Keep in mind that these certificates usually expire after 60 days. If you don’t redeem rewards often, you risk losing your point.