How Much Does a Best Buy Credit Card Cost?
To enjoy the best shopping discounts anywhere in the US, you need the Best Buy Credit Card. The most interesting part is that it remains the most affordable and universal compared to others. Therefore, finding out how much the Best Buy credit card costs is important.
The cost of a Best Buy credit card depends on which specific card you get and your creditworthiness (how good your credit score is).
There are two main types of Best Buy cards: free ones and ones with an annual fee ($0–$59 per year).
Also, the interest rate you pay on purchases will vary depending on your credit score.
In general, if you have good credit, you might be able to get a Best Buy card with no annual fee and a low interest rate.
But if your credit score is lower, you might be stuck with a higher annual fee and a higher interest rate of $1.
Can I Get a Cash Advance With the Best Buy Credit Card?
Best Buy credit card holders can still access cash advances; however, the process is not advisable because of two solid reasons.
1. High fees
There is an additional cash advance fee of a few percent, like 5% of the amount taken as a cash advance, in addition to the high interest charged on the cash advance transaction.
This means most of the money will go to the lender as charges for using the cash.
2. No More Time
In cases of regular purchases, one may be given a ‘grace period’ in which there is no interest charge.
However, such is not the case when it comes to cash advances; interest charges begin to accrue immediately after the transaction.
It is a possible method of obtaining cash, but it is a pretty impractical and costly method of cash transaction.
If one is in dire need of cash, it is advisable to look for alternatives to taking the loan.
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Types of Best Buy Credit Cards
There are two credit cards by Best Buy: Best Buy Credit Card and Best Buy Visa Card.
1. My Best Buy Credit Card, which is available exclusively for use at Best Buy and charges no annual fee.
2. My Best Buy Visa, which is open to be used at any place that accepts Visa credit cards. This card comes in two versions:
There is the Gold Card, which attracts an annual fee of $59, while there is the Platinum Card, which offers the card holder the privilege of no annual fee.
You can apply for any of the two cards either at any branch or through the internet.
Your approval depends on your credit score, meaning poor scores do not bode well for your approval.
Access to store-only cards is easier compared to Visa cards.
Best Buy will pre-approve you for a credit card, and if you do not meet the requirements of one type of card, they will offer you another type of card that is easier to qualify for.
Rewards:
- Also, both cards allow the cardholder to get 5% cash back on Best Buy purchases.
- The Visa card, for instance, gives 3% cash back on gas and 2% cash back on dining and groceries, as well as 1% on all other purchases.
What is the Best Buy Card Credit Score?
It is quite easy to get a Best Buy credit card since store cards are easier to qualify for than multifaceted cards.
It is for this reason that applicants with a fair or average credit rating are commonly given approval to access store cards.
Credit cards that have annual fees are generally accessible to people with okay credit histories.
This is because the annual fee is evidence that the cardholder is capable of handling the responsibility of paying for the card.
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Does the Best Buy Credit Card Have a Limit?
Unfortunately, the My Best Buy Credit Card will not work at Amazon and other stores since it is a store card.
However, Best Buy has an exclusive Visa or Mastercard that can normally be used anywhere internationally.
Both cards can be used in-store as a method of payment.
The My Best Buy Visa Card is accepted worldwide, while on the other hand, you can only use the My Best Buy Credit Card at Best Buy stores.
How Do I Check My Best Buy Citi Credit Card Balance?
To check your Best Buy Citi Credit Card balance, you have several options:
1. Online
The first step to accessing the free credit score offer is to sign in to the Citi account through the Citi website or the Citi mobile application.
Once the user is logged in he or she will be able to check his/her balance, the most recent movements, other services, etc.
2. By Phone
The Best Buy Citi Credit Card balance could also be checked over the phone by calling the customer service number at the back of the card.
DOT will guide the user through the rest of the process or the user can speak to a customer service representative.
3. In-Store
Inquire about the balance at the counter at any Best Buy store’s customer service or cashier’s department. They might be willing to help you provide your balance information.
These methods offer certain approaches to checking the balance on your Best Buy Citi Credit Card and handling your personal finances wisely.
Our Verdict
The Best Buy Credit Card is one that doesn’t cost so much to get, despite it’s numerous benefits and uses.
Having a good knowledge of the fees and charges helps you maximize your card usage as well as enjoy it offers.
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