Best Buy (BBY) is a chain of stores that sells consumer electronics. It has more than 1,000 locations and about 100,000 employees in the United States and Canada.
Best Buy sells appliances, computers, cell phones, gaming systems, sound systems, hardware, software, and entertainment products in-store and online.
Best Buy, like many national retailers, offers credit financing options to their customers, including credit cards.
Consumers can choose between earning rewards or receiving special financing terms with Best Buy's store credit card and a co-branded, general-use Visa credit card.
My Best Buy credit cards can be applied for online or in-store at Best Buy. While the My Best Buy Visa card can be used anywhere and earn rewards,
The My Best Buy card, like many other store cards, offers rewards and benefits such as promotional financing for Best Buy purchases.
It has the standard high annual percentage rate (APR) of most store credit cards and is only available to people with fair or better credit.
Unless promotional financing is used for larger purchases, the co-branded Visa version of the card also carries high interest rates.
My Best Buy credit card offers deferred interest promotions, meaning you pay no interest if your balance is paid in full within the promotional period.
The use of promotional financing, on the other hand, does not result in the accumulation of any rewards on the amount that is financed.
Purchases of $299 or more are eligible for 12 months of no interest if paid in full within those 12 months.
The United States Bank Visa Platinum offers 0% interest for 20 billing cycles (two months longer than Best Buy's longest advertised period).