My Best Buy Visa Review

My Best Buy Visa is a store rewards credit card issued by Citibank. If you're wondering whether My Best Buy Visa is the right card for you, read on. This is everything you need to know to make a good choice.

Key takeaways:

• Generous reward rate. You will get a a rewards rate of 6 points per dollar spent.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR of 25.24%
• Rewards program. This credit card offers rewards on your purchases, but you will have to pay an annual fee of up to $59 for the privilege.
• 5% Balance transfer fee. My Best Buy Visa charges a fee of up to 5% on balance transfers. For example, a balance of $1,000 could cost up to $50 in transfer fees. The minimum fee is $10.
• $0 foreign transaction fee. This card does not charge foreign transaction fees, which makes a great credit card to carry with you when traveling abroad.
• Gas rewards. Earn up to 3% for every $1 you spend on gas.
• Fair or better credit required. You stand a chance of qualifying if your credit score is not below 640.

My Best Buy Visa Pros and Cons:

The Good	The Bad
No foreign transaction fee. Cardholders can earn rewards on every purchase. Earn rewards on every purchase. My Best Buy Visa reports to multiple credit bureaus. Cardholders can earn rewards on their purchases.	Higher than average purchase APRs. Does not offer a signup bonus. Charges a 5% balance transfer fee. Does not include many credit card rewards.

Is there a My Best Buy Visa cash back or rewards program?

My Best Buy Visa offers a rewards program to its customers.

My Best Buy Visa Rewards

Rewards rate (all purchases)	1%
Max rewards rate	6%
Annual rewards limit	N/A
Signup Bonus ($)	N/A

What are the My Best Buy Visa benefits?

My Best Buy Visa provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for My Best Buy Visa?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. My Best Buy Visa has higher than average purchase APRs.

My Best Buy Visa has a variable purchase APR of 25.24%. The card has a variable balance transfer APR of 25.24% . It also has a variable cash advance APR of 27.99% .

What are the fees for My Best Buy Visa?

The following fees apply to My Best Buy Visa:

My Best Buy Visa Fees

Fees	Amount
Annual Fee	Starting at $0 up to $59
Foreign Transaction Fee	0%
Late Payment Fee	up to $40

Does My Best Buy Visa report your account activity to credit bureaus?

My Best Buy Visa reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

How to apply for My Best Buy Visa

• Visit the My Best Buy Visa website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.