What Are Best Buy’s Payment Options?

FT Contributor
An image of the Best Buy storefront sign.
Reading Time: 2 minutes

Best Buy sells big-ticket consumer electronics and appliances such as computers, televisions, mobile phones, refrigerators, car stereos, washing machines, and clothes dryers.

These items come with a higher price tag. You may need the option to pay the goods off over time. Luckily, it’s possible to finance your Best Buy purchases. Familiarize yourself with all the Best Buy payment options to determine what payment method is best for you.

How Can You Pay at Best Buy?

There are several Best Buy credit card payment options. The retailer accepts all major credit cards, including:

  • American Express;
  • Best Buy store credit card;
  • Diners Club;
  • Discover;
  • JCB (Japan Credit Bureau);
  • MasterCard;
  • Visa.

Best Buy Credit Card Payments

Best Buy has two branded credit cards — My Best Buy Credit Card and My Best Buy Visa. The My Best Buy Credit Card is a store card, meaning the card can only be used for purchases at Best Buy stores and at the retailer’s website. Cardholders will earn 5% cashback rewards on all Best Buy purchases or have the option to choose flexible financing.

The My Best Buy Visa is a traditional credit card. Just like the store credit card, you’ll earn 5% rewards on Best Buy purchases, or you may choose flexible financing. But besides Best Buy, you may use the card anywhere Visa is accepted.

Because you’re able to use the Visa for more spending categories, you’ll also earn 2% rewards for groceries and dining, and 1% earnings on all other purchases. You’ll receive a My Best Buy Reward Certificate for the amount of the rewards earned, which you can use for purchases at Best Buy.

How Best Buy Financing Works

The Best Buy Flexible Financing program is offered through the two My Best Buy credit cards. Best Buy will offer cardholders special financing offers. When you make a purchase using your branded card, your financing period begins, and you’ll have a set amount of time to pay off the balance.

If the promotional offer has a no-interest period, say 0% interest for the first six months, you must pay off the full balance within the six months, or you will incur interest charges. Best Buy will outline the promotional period, monthly payments due, and all financing information on your credit card statement.

Does Best Buy Take Apple Pay?

Best Buy accepts Apple Pay. You can use your iPhone or Apple Watch enabled with Apple Pay at the store register to pay and checkout.

Other Best Buy Payment Methods

If you’d rather pay with a debit card instead of a credit card or prefer not to finance your purchase, there are other Best Buy payment options. Besides credit cards, you can pay with:

  • Most PIN-based debit/ATM cards;
  • Best Buy gift card;
  • Cash;
  • Check;
  • PayPal;
  • Pay With Points;
  • My Best Buy reward certificates.

Does Best Buy Accept PayPal Credit?

Best Buy accepts PayPal for online purchases only. You may pay at checkout using PayPal as long as you have the balance to pay for the items in your shopping cart in full. The website won’t allow you to combine PayPal with a debit or credit card to check out.

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