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Review

Review of the My Best Buy® Credit Card and the My Best Buy® Visa®

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Our rating
Min. credit level: Fair
Annual Fee: $0
Regular APR: 26.74% Variable (11.90% Fixed for select purchases)
Our rating
Min. credit level: Fair
Annual Fee: $0 or $59 (depending on creditworthiness)
Regular APR: 26.74% Variable (11.90% Fixed for select purchases)

Best Buy offers two branded credit cards for customers: the My Best Buy® Credit Card and My Best Buy® Visa® (formerly My Best Buy Mastercard).

If you’ve shopped at Best Buy, it’s likely an employee has encouraged you to get one of these cards. They don’t like to take “no” for an answer, at least at first, leading some customers to grow frustrated in the checkout lane.

We see this as a somewhat nasty method of advertising, because employees often push these cards on people who don’t fully understand the terms with promises of instant savings. Save $20 right now on a new TV? Why not? But the checkout lane is not a good place to make serious financial decisions that will affect your credit health, especially when you’re also being tempted with promotional offers.

There are two ways to use these cards when making purchases at Best Buy: to get 5% back in rewards, or to get deferred financing on big purchases. The first way is a good tactic that could save you quite a bit of money; the second way is a relatively poor option that could come back to bite you.

The My Best Buy Credit Card can only be used at Best Buy and BestBuy.com. The My Best Buy Visa card can be used anywhere Visa is accepted, and is issued by Citibank.

We don’t usually recommend retail store credit cards, but these cards can be quite rewarding if you consistently spend a lot of money at Best Buy. However, we’ve received many complaints about these cards from cardholders who have had a hard time dealing with customer support, or were surprised by unexpected fees or payment requests.

Although these offers could be tempting, we encourage you to consider other general-use reward credit cards first. Start by taking a look at some of our alternative suggestions below.

In this review, we’ll compare these cards and discuss how to use them properly. Then we’ll suggest some other options that might work better for you.

My Best Buy® Credit Card

Our rating
Min. credit levelFair
Details
Annual Fee$0
Regular APR26.74% Variable (11.90% Fixed for select purchases)
Apply Now

securely on the issuer's website

  • 5% back in rewards at Best Buy and BestBuy.com, or deferred financing for eligible purchases
  • No annual fee

The information related to My Best Buy® Credit Card has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

My Best Buy® Visa®

Our rating
Min. credit levelFair
Details
Annual Fee$0 or $59 (depending on creditworthiness)
Regular APR26.74% Variable (11.90% Fixed for select purchases)
Apply Now

securely on the issuer's website

  • 5% back in rewards at Best Buy OR deferred financing on purchases of $199 and higher.
  • Additional bonus categories for eligible purchases
  • 1% back in rewards on all other purchases
  • Points don’t expire as long as your account is active
  • Spend $3,500 per year to reach Elite Plus status and earn 1.25 points per $1 spent at Best Buy
  • Reward Certificates are emailed when you reach 250 points
  • Choose between rewards or special financing offers
  • Annual fee of $0 or $59, depending on creditworthiness

The information related to My Best Buy® Visa® has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

Our Rating: 2 Out of 5 Stars

We give the My Best Buy Credit Card and My Best Buy Visa 2 out of 5 Stars each. They get 2 Stars for the rewards you can earn and the My Best Buy membership, but the deferred interest offers and customer support bring their scores down.

Why We Like Them

  • 5% back in rewards at Best Buy
  • 10% back in rewards on your first day of purchases within 14 days of opening the account
  • My Best Buy membership perks, and an easier path to higher status levels
  • No annual fees, but only if your credit is good enough

Why They Could Be Better

  • Rewards have to be used at Best Buy, or with promotional partners
  • Deferred financing offers may sound good but they can result in huge interest charges
  • Some applicants will get a card version with a $59 annual fee, based on credit history
  • Many reports of poor customer service

The Best Buy cards may be useful for people who spend a lot of money at Best Buy every year. But there are many other good card options that can provide rewards at a wider variety of retailers, with 0% intro rates that don’t use deferred financing. Check out some of those alternative cards below.

Where Can I Use The Best Buy Credit Cards?

  • The My Best Buy Credit Card can only be used at Best Buy and BestBuy.com
  • The My Best Buy Visa can be used anywhere Visa cards are accepted

Best Buy accepts Visa, Mastercard, American Express, and Discover cards as payment methods, in addition to its own co-branded cards.

Insider Advice: How to Get the Most Out of Your Cards

  • Go for the rewards option: When making certain purchases at Best Buy you’ll be able to choose between earning rewards (the “Standard Credit” option) or taking a deferred financing offer. We recommend taking the rewards in most situations.
  • Be careful with deferred financing offers: If you take a deferred financing offer, make it a priority to get all your monthly payments in on time, and to pay off the balance by the end of the term. If you don’t you’ll be charged interest going all the way back to the purchase date, making that TV or computer way more expensive than it needed to be.
  • Be aware of your account and statements: Many people report being confused or misdirected by their account information or statements with these cards. Stay on top of your monthly statements to help avoid any nasty surprises.

The Rewards

Earning

Spending Rewards

My Best Buy Visa Only

  • 3% back in rewards at Gas Stations

My Best Buy Visa Only

  • 2% back in rewards at:
    • Restaurants
    • Grocery stores

My Best Buy Visa Only

  • 1% back in rewards for all other purchases
Introductory Bonus Offer
  • 10% back in rewards on your first day of purchases within 14 days of opening the account

You can only use the My Best Buy Credit Card at Best Buy and BestBuy.com. The My Best Buy Visa can be used anywhere Visa cards are accepted, and you’ll get some extra bonus categories with that card too.

Regular members will earn the equivalent of 5% cash back on Best Buy purchases. The rewards you earn are actually in the form of points (2.5X points per dollar spent), but since every point is always worth 2 cents when redeemed, it’s simpler to think of this as a cash back rewards program.

My Best Buy Elite Plus cardholders will earn a 6% cash back equivalent for Best Buy purchases. You can become an Elite Plus member by spending $3,500 on Best Buy purchases in a calendar year, or by spending that much anywhere with the My Best Buy Visa. Frequent Best Buy shoppers should check out the benefits available for being an Elite or Elite Plus member.

When making purchases of $199 or more you’ll be able to choose either the “Standard Credit” option or a deferred financing plan. The Standard Credit option will provide rewards like any other purchase. The deferred financing plan will let you pay off the purchase over time at no interest. But if you fail to pay off the entire balance by the due date, or make a late payment, you’ll be charged interest going all the way back to the purchase date.

If you choose a deferred financing offer you will not earn rewards for that purchase.

We generally recommend that you pick the rewards over the financing plan, although you may decide that you need some time to pay off a big purchase. If that’s the case you’ll probably be better off with a card that offers a true 0% introductory period for purchases. We dig into the details of the deferred financing plans below, showing how to use them correctly and why you might want to avoid them.

Every few months, Best Buy states that it will introduce new bonus categories for the My Best Buy Visa to let you earn more rewards at different merchants. The current gas, grocery, and restaurant categories are pretty straightforward. But what counts as a home furnishing store? Best Buy gives the following examples.

Home Furnishing Category Examples
Ashley Furniture Bed, Bath & Beyond
Ethan Allen IKEA
La-Z-Boy Pier 1 Imports
Restoration Hardware Select Comfort
Sur La Table Williams Sonoma

Redeeming

Both of these cards have the same rewards redemption system. The rewards you earn can only be redeemed for Best Buy purchases, or with Best Buy promotional partners.

Rewards can be redeemed in increments of 250 points — every 250 points is equal to $5. That’s why you earn a 5% cash back equivalent with these cards as a basic member: If you spend $100 you’ll get 250 points, worth $5, and $5 is 5% of $100.

You can redeem your rewards for reward certificates or Best Buy promotional offers, or with Best Buy promotional partners. Reward certificates are like gift cards, which can only be used at Best Buy retail stores or BestBuy.com, or in the Best Buy mobile app. Some merchandise will not be valid for purchase with reward certificates.

The Benefits

Deferred Financing Plans

Instead of earning rewards, you can choose a deferred financing plan for Best Buy purchases of $199 and up.

These plans give you an opportunity to pay over time without being charged interest, but there’s a big catch: If you fail to pay off the entire balance by the due date, or if you make any late payments, you’ll be charged interest going all the way back to the purchase date.

So if you choose a deferred financing plan to give yourself some breathing room, you must pay off the balance by the end of the term while making timely payments each month in order to avoid interest charges. Otherwise you’ll end up paying quite a bit more than the original purchase price. Talk about a backfire. This particular feature is why we generally recommend avoiding deferred financing and going with a card with a true 0% introductory APR period, which won’t apply retroactive interest like this.

Follow these three instructions to stay safe with deferred financing plans:

  • Divide the total balance by the length of the term (in months) to find the payment amount you should make each month
  • Always make that monthly payment on time (set up autopay to make this easier)
  • Pay off the entire balance by the end of the financing term (this should happen automatically if you make that payment every month)

Your statement will show a minimum required monthly payment, but if you only pay this minimum amount you probably won’t pay off the balance by the end of the term. This can be a bit tricky, because it may seem like you were doing everything right by paying what you were asked to pay, only to get hit hard with interest later on.

So you’ll need to divide your balance by the term length to figure out the appropriate monthly payment amount that will completely pay off the balance by the end of the term. There is no penalty for early repayment, so you should generally do so if possible.

There are currently four standard deferred financing plans, and four limited-time deferred financing plans. These plans are subject to change, although the deferred financing aspect will remain the same (unless we see a major change to this program).

Standard Deferred Financing Plans

Purchase Type and Price Term Length
Any purchase of $199+ 6 months
Unlocked phone and Geek Squad purchases of $649+ 24 months
Home theater and Geek Squad purchases of $799+ 24 months
Select purchases 48 months

Limited-Time Deferred Financing Plans

Purchase Type and Price Term Length Offer Ends
Any purchase of $479+ 18 months 12/26/18
Major appliance and Geek Squad purchases of $479+ 18 months 1/2/19
Select Dell 2-in-1 laptop purchases of $649+ 24 months 1/5/19
Major appliance and Geek Squad purchases of $1,999+ 24 months 11/29/18

These deferred financing plans can be a good deal if you’ll be responsible in paying them off, without getting confused about your repayment schedule. But you run the risk of an accidental late or missed payment, or a problem with the card issuer that could prevent your payments from being received on time. We’ve seen many reports of people who have landed in such a situation, and if that happens you may run into a big hassle trying to straighten it out with the card issuer (if you can get it straightened out at all).

Instead of using a deferred financing plan, consider the many other reward credit cards that offer introductory 0% APR periods for purchases. Many of these intro periods last for at least 12 months, and there are no spending requirements to activate them. With these cards:

  • You can buy anything
  • You won’t be limited to certain purchase amounts or types
  • You’ll be able to use them anywhere
  • You might even earn some rewards too

You can read more about Best Buy’s deferred financing plans and see the current offers here. Here’s a demonstration of how they work.

Imagine you buy a laptop for $300, and you choose a 6-month deferred financing plan with an APR of 26%. Consider the following two scenarios:

  • Scenario 1: You pay off the deferred purchase on time, perfectly following the schedule you come up with by dividing the balance by the term length, and completely avoiding being charged interest.
  • Scenario 2: You fail to pay off the purchase on time because your monthly payments are too small, and interest ends up being charged going all the way back to the purchase date.

Check out these graphical representations of each scenario, provided by Best Buy, and you’ll see how Scenario 2 ends up costing more. In this case you’d only end up paying $31 extra, assuming you finish paying off the balance at the end of the term, but the situation could be much worse if the original balance was bigger or the repayment period was longer (we’ve heard from cardholders who have been charged hundreds of dollars in deferred interest).

Scenario 1: You pay off the deferred balance with equal monthly payments of $50 over six months, for a total of $300.

Scenario 1: You pay off the deferred balance with equal monthly payments of $50 over six months, for a total of $300. Image credit: Best Buy

Scenario 2: You fail to pay off the deferred balance over six months because you only pay $27 per month, for a total of $162.

Scenario 2: You fail to pay off the deferred balance over six months because you only pay $27 per month, for a total of $162. Image credit: Best Buy

$31 in extra interest isn’t too much, but consider a more extreme example. Say you buy a $1,000 home theater system with a 24-month deferred financing plan, at 26% APR. On the second month you miss your payment due date by two days, because you never set up autopay. Oops! A minor mistake, with plenty of time to make up for it, right? Wrong.

Because of that missed payment, you’ll immediately be charged interest on the full $1,000 balance for the entire 24-month loan term. That comes to $520 in interest! So overall you’d end up paying $1,520 in total for that fancy new system, instead of just $1,000, and every time you sit down to relax in front of it you’ll have a gnawing feeling of regret. If only, if only…

This is why it’s so important to completely understand what you’re getting into with these deferred financing plans. They may sound great when the Best Buy guy is cajoling you with promises of no interest and easy low payments, but the reality is much more sinister. Think carefully before accepting such a plan — they probably aren’t worth the anxiety. Your wallet and future self will thank you.

My Best Buy Elite Plus

Cardholders of both cards are automatically enrolled in the My Best Buy rewards program, which provides a few nice benefits, especially for frequent shoppers.

You can reach a higher member status (Elite or Elite Plus) by spending a certain amount at Best Buy in a calendar year. Or, if you’re a My Best Buy Visa cardholder you’ll have an easier time, because every purchase you make with the card will count toward a higher status. The higher membership levels provide better perks to make shopping at Best Buy a bit cheaper and easier.

Basic My Best Buy Membership My Best Buy Elite My Best Buy Elite Plus
Membership Requirement Automatic for cardholders $1,500 in purchases per calendar year $3,500 in purchases per calendar year
Rewards 5% back in rewards 5% back in rewards 6% back in rewards
Point Banking Option No Yes Yes
Free Shipping Free standard shipping (until 12/25/18) Free shipping and scheduled delivery Free 2-day shipping and scheduled delivery
Returns & Exchanges 15 Days 30 Days 45 Days
Access to Special Sales and Offers Yes Yes (Elite access) Yes (Elite Plus access)
Birthday Gift Yes Yes Yes
24/7 Customer Service Basic (1-888-BEST-BUY) Dedicated customer service line Dedicated customer service line

The Terms & Fees

Card Purchase APR Balance Transfer APR Cash Advance APR
My Best Buy Credit Card 26.74% Variable (11.90% Fixed for select purchases) None None
My Best Buy Visa 26.74% Variable (11.90% Fixed for select purchases)  26.74% Variable 29.49% Variable
Card Annual Fee Foreign Transaction Fee Balance Transfer Fee Cash Advance Fee
My Best Buy Credit Card $0  None None None
My Best Buy Visa $0 or $59 (depending on creditworthiness)  None 5%, $15 minimum 5%, $10 minimum
Card Penalty APR Late Fee Returned Payment Fee
My Best Buy Credit Card None Up to $40 None
My Best Buy Visa None Up to $40 None

The My Best Buy Credit Card and My Best Buy Visa are similar in many ways, but there are some differences in their terms and fees.

As you can see, the store-only version does not allow balance transfers or cash advances, but the Visa version does allow them. This is because you can only use that card for Best Buy purchases.

And now, a bit of explanation. There are actually two versions of each of these cards. The store-only card can come as:

  • My Best Buy Preferred Credit Card
  • My Best Buy Credit Card

And the Visa card can come as:

  • My Best Buy Platinum Visa
  • My Best Buy Gold Visa

The specific card you get will depend on your creditworthiness when you apply. Basically, the better your credit history, the better the card you’ll get. You may also be given a choice between the store-only card and the Visa.

When you apply, you’ll first be considered for the My Best Buy Platinum Visa. If you don’t qualify, you’ll next be considered for the My Best Buy Preferred Credit Card; next you’ll be considered for the My Best Buy Credit Card; and finally you’ll be considered for the My Best Buy Gold Visa.

The biggest difference to be aware of is that the My Best Buy Gold Visa has a $59 annual fee. The other card versions do not have annual fees.

So, you may apply for these cards assuming you won’t have to pay an annual fee, only to find that you were only qualified for the My Best Buy Gold Visa. Now you’re on the hook for a yearly fee when you just wanted a discount on some electronics.

But fortunately, you can avoid having to pay the annual fee if you cancel your new card within 30 days. Cancelling or closing a credit card has its own consequences, but it would probably be worth it in this case if you don’t want a card with a fee.

You can view the terms and conditions for these cards here. Take note that there are several different fee tables for these card offers.

The Bottom Line

The My Best Buy Credit Card and My Best Buy Visa could give frequent Best Buy shoppers a nice 5% return on every purchase — but there are a few downsides to be aware of.

Beware the deferred financing plans, and consider choosing the 5% back in rewards instead. If you do take a financing offer, be absolutely sure to make on-time payments every month and pay off the entire balance by the end of the term.

Remember that you may only qualify for the Gold Visa version, which comes with a $59 annual fee. That would make your card significantly less valuable overall, so you should consider cancelling that and going with a general-use card designed for fair or average credit instead, if you can qualify.

Overall, these cards can be fairly rewarding at Best Buy, but they come with some strings. We suggest taking a look at some alternative cards below that can provide true 0% APR introductory periods for purchases, or that would be good for buying the types of merchandise you’ll find at Best Buy.

How to Apply for the My Best Buy Credit Cards

You can apply for the My Best Buy Credit Card and My Best Buy Visa card by clicking the Apply Now button below. However, the application process is a bit different than most cards.

First, you’ll need to create a My Best Buy account. Then you’ll be able to apply, but you can’t apply for a particular card.

Instead, you’ll first be considered for the My Best Buy Platinum Visa. If you don’t qualify, you’ll next be considered for the My Best Buy Preferred Credit Card; if you don’t qualify for that, you’ll be considered for the My Best Buy Credit Card. Finally, if you don’t qualify for that you’ll be considered for a My Best Buy Visa Gold Card, which has a $59 annual fee.

In some cases you may be asked whether you’d prefer a My Best Buy Preferred or My Best Buy Visa account.

Qualifications and Requirements

  • Must create a My Best Buy account
  • Must be 18 to apply
  • Personal identifying information, including birth date, Social Security number, and phone number
  • Total household income and source of income
  • Monthly mortgage/rent payment

My Best Buy® Credit Card

Our rating
Min. credit levelFair
Details
Annual Fee$0
Regular APR26.74% Variable (11.90% Fixed for select purchases)
Apply Now

securely on the issuer's website

  • 5% back in rewards at Best Buy and BestBuy.com, or deferred financing for eligible purchases
  • No annual fee

The information related to My Best Buy® Credit Card has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

My Best Buy® Visa®

Our rating
Min. credit levelFair
Details
Annual Fee$0 or $59 (depending on creditworthiness)
Regular APR26.74% Variable (11.90% Fixed for select purchases)
Apply Now

securely on the issuer's website

  • 5% back in rewards at Best Buy OR deferred financing on purchases of $199 and higher.
  • Additional bonus categories for eligible purchases
  • 1% back in rewards on all other purchases
  • Points don’t expire as long as your account is active
  • Spend $3,500 per year to reach Elite Plus status and earn 1.25 points per $1 spent at Best Buy
  • Reward Certificates are emailed when you reach 250 points
  • Choose between rewards or special financing offers
  • Annual fee of $0 or $59, depending on creditworthiness

The information related to My Best Buy® Visa® has been collected by Credit Card Insider and has not been reviewed or provided by the issuer or provider of this product.

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Alternatives to the My Best Buy Credit Cards

The following cards would be good alternatives to the Best Buy credit cards. The Amazon card is excellent for buying the types of merchandise you’ll find at Best Buy. The other cards offer long 0% introductory periods that you can use to pay off purchases, and these are not deferred interest offers like you’ll get with the Best Buy cards (and the Amex card even offers rewards on top of that).

Amazon Prime Rewards Visa Signature Card

Our rating
Min. credit level Good
Details
Annual Fee $0
Regular APR 15.74% to 23.74% Variable
Apply Now

securely on the issuer's website

The Amazon Prime Rewards Visa Signature Card offers an equally rewarding card experience with a wider variety of products to pick from.

You’ll earn the same 5% return, just on the full armada of Amazon merchandise. This card does however require an Amazon Prime membership. But good news — there’s another, albeit less rewarding, version of this card for those who don’t feel like subscribing: the Amazon Rewards Visa Signature Card (Review).

The one other difference is that the Amazon card doesn’t offer a 0% introductory APR rate to match the deferred financing of the Best Buy cards. However, it could still provide a more rewarding experience, offering more bonus categories and a seemingly endless array of products to choose from. So if you’re looking for a bigger selection to earn rewards on, you don’t need to go any further than this.

But if you’re not totally convinced, read more in our Review of the Amazon Prime Rewards Visa Signature Card.

Spending Rewards
  • 5% cash back at:
    • Amazon.com
    • Whole Foods Markets
  • 2% cash back at:
    • Restaurants
    • Gas stations
    • Drugstores
  • 1% cash back for all other purchases
Introductory Bonus Offer
  • $70 Amazon.com Gift Card instantly upon approval
  • Visa Signature Luxury Hotel Collection: At eligible hotels you’ll get a $25 food and beverage credit, automatic room upgrades when available, VIP guest status, and more.
  • Visa Signature Concierge: Call any time for non-emergency assistance, like help making dining or travel reservations.
  • Shopping and Travel Protections: Including Travel Accident Insurance, Lost Luggage Reimbursement, and Purchase Protection.
  • Purchase and Balance Transfer APR: 15.74% to 23.74% Variable
  • No foreign transaction fee
  • Annual fee: $0 (Amazon Prime membership required)
  • Requires active Prime membership
  • Cash back can be redeemed for statement credits or at Amazon.com checkout
  • Earn 5% back at Amazon.com and Whole Foods Market
  • Earn 2% back at gas stations, restaurants, and drugstores
  • Earn 1% back on all other purchases
  • Get a $70 Amazon.com Gift Card instantly upon credit card approval

Blue Cash Everyday® Card from American Express

Our rating
Min. credit level Good
Details
(Rates & Fees)
Annual Fee $0
Regular APR 13.99–23.99% Variable
Apply Now

securely on the issuer's website

The Blue Cash Everyday® Card from American Express provides a straightforward alternative to the My Best Buy Cards.

While you won’t technically earn as much as you would at Best Buy with the Best Buy cards, you would have the opportunity to earn across a wider selection of categories. The Blue Cash Everyday provides a broader spending and redeeming option, with the chance to earn statement credits to use towards your balance, rather than being restricted to one specific retailer.

Like the My Best Buy Cards it comes with no annual fee, and, unlike them, it provides a true 0% intro rate to help pay off purchases (Rates & Fees). So if you’re looking for a bit more flexibility, this card could be the one for you.

Want a closer look? Read more in our Review of the American Express Blue Cash Everyday Credit Card.

Spending Rewards
  • 3% cash back at U.S. supermarkets, up to $6,000 spent annually
  • 2% cash back at:
    • U.S. gas stations
    • Select U.S. department stores
  • 1% cash back for all other purchases
Introductory Bonus Offer
  • $150 statement credit for spending $1,000 in the first 3 months after account opening
  • Amex Offers: Earn extra cash back at a changing selection of merchants, including HelloFresh, Etsy, Showtime, and Harrys.com.
  • Entertainment Access: Get pre-sale tickets to sports, music, and cultural events.
  • Lowest Hotel Rates Guarantee: Book an eligible prepaid hotel room through Amex Travel, and you can be reimbursed if you find the same room going for less before you check in.
  • Complimentary ShopRunner membership: ShopRunner provides free two-day shipping and returns at select online retailers.
  • Purchase APR: 0% for 15 months, then 13.99–23.99% Variable
  • Annual fee: $0
  • Earn a $150 statement credit after you spend $1,000 in purchases on your new Card within the first 3 months.
  • 3% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
  • 2% Cash Back at U.S. gas stations and at select U.S. department stores.
  • 1% back on other purchases.
  • Low intro APR: 0% for 15 months on purchases from the date of account opening, then a variable rate, 13.99% to 23.99%.
  • Plan It® gives the option to select purchases of $100 or more to split up into monthly payments with a fixed fee and no interest.
  • Cash back is received in the form of Reward Dollars that can be redeemed for statement credits.
  • No annual fee.
  • Terms Apply.
  • See Rates & Fees

American Express is a Credit Card Insider advertiser.

HSBC Gold Mastercard® Credit Card

Our rating
Min. credit level Fair
Details
Annual Fee $0
Regular APR 12.99–20.99% Variable
Apply Now

securely on the issuer's website

The HSBC Gold Mastercard® Credit Card is one of the best cards available for carrying a balance.

The HSBC Gold provides a good alternative to the My Best Buy Cards if you were interested in them for their deferred financing offers. But this card has a true 0% APR, offers a relatively long window to pay it off, and can be used everywhere Mastercard is accepted.

Though it may not be as long as what the My Best Buy Cards may offer for some purchases, it won’t penalize you if you don’t pay off the balance before the period ends.

Looking for more in-depth information? Read more in our Review of the HSBC Gold Mastercard.

  • Free FICO Credit Score: Check your FICO Score 8 based on your Equifax credit report for free.
  • Mastercard Airport Concierge: Get a 15% discount on eligible airport Meet and Greet services.
  • Travel accident insurance: Coverage against accidental death and dismemberment for you and yours, up to $1,000,000.
  • MasterRental Coverage: Your rental cars are covered from damage and theft.
  • Purchase and Balance Transfer APR: 0% for 18 months, then 12.99–20.99% Variable
  • Balance transfer fee: Either $10 or 4%, whichever is greater, will apply on each balance transfer and credit card check.
  • No foreign transaction fee
  • Annual fee: $0
  • 0% Intro APR on purchases and balance transfers for the first 18 months from account opening. Then a variable APR of 12.99% – 20.99% will apply.
  • No Penalty APR.
  • Late Fee Waiver.
  • No Foreign Transaction Fees.
  • $0 Annual Fee.
  • $0 liability for unauthorized purchases.
  • Terms Apply.
  • See Rates & Fees
The Best Buy credit cards could be valuable for some Best Buy diehards, but they might not be right for you. Take a look at our picks for the Best Reward Credit Cards to see more options, or explore other Retail Store Credit Cards.

Did you like this review? Go ahead and share it with a friend! And if you use either of these cards, leave your own review of the My Best Buy Credit Card or My Best Buy Visa below for other readers, we’d love to hear from you!

For rates and fees of the Blue Cash Everyday® Card from American Express, please click here.

At a glance

The My Best Buy Credit Card and My Best Buy Visa should only be considered if you’re a frequent Best Buy shopper. They could potentially be quite rewarding if you spend a lot, but they’re bogged down by lackluster customer support and the deferred financing options are a bit risky.

Credit Card Insider receives compensation from advertisers whose products may be mentioned on this page. Advertiser relationships do not affect card evaluations. Advertising partners do not edit or endorse our editorial content. Content is accurate to the best of our knowledge when it's published. Learn more in our Editorial Guidelines.

The information related to My Best Buy® Credit Card and My Best Buy® Visa® have been collected by Credit Card Insider and have not been reviewed or provided by the issuer or provider of these products.

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