My Best Buy Visa Review

This is a store rewards credit card issued by Citibank. If you're wondering whether Best Buy credit card is the right card for you, read on. This review will provide you with with all the details you need to make a good choice.

• Generous reward rate. You will get a rewards rate of up to 6 reward 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 5% on balance transfers. For example, a balance of $1,000 could cost $50 in transfer fees. The minimum fee is $15.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Gas rewards. 3% cashback on eligible gas purchases.
• Fair or better credit required. You will have good approval oods if your credit score is above640.

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

Does Best Buy credit card have a cash back or rewards program?

Best Buy credit card is a rewards card.

Best Buy credit card Rewards

Minimum rewards rate	1x
Max rewards rate	6x
Annual rewards limit	N/A

What are the Best Buy credit card benefits?

It provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for Best Buy credit card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. It has higher than average regular APRs.

It 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 Best Buy credit card?

The following fees apply:

Best Buy credit card 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?

Yes, 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 may help improve your credit.

How to apply for Best Buy credit card

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