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The My Best Buy Credit Card offers cardholders 5% in rewards for every purchase, or you can choose a deferred financing plan that allows you to pay over time at no interest.
However, if you choose a deferred financing plan and fail to pay back the entire balance by the end of the term, or if you make any late payments, you’ll be charged interest going all the way back to the purchase date. You can read more about these deferred financing plans here.
This card has no annual fee.
There are two versions of this card: the My Best Buy Credit Card Preferred, and the My Best Buy Credit Card. As far as we can tell, there is no difference between these cards.
When applying for this card, you’ll first be considered for the My Best Buy® Visa® (Review), a different card offer from Best Buy. If you don’t qualify for that, you’ll next be considered for the My Best Buy Credit Card Preferred; then you’ll be considered for the My Best Buy Credit Card; then you’ll be considered for the My Best Buy Gold Visa.
The Gold Visa has an annual fee of $59, but if you cancel your card within 30 days you won’t have to pay the fee.