Best Buy Reward Zone Credit Card Review – Avoid the Zone

If you are a heavy shopper at Best Buy, you may want to use Best buy rewards zone, if you want to maximize your rewards and score some deals every once in a while, you may apply for Best Buy Reward Zone® Credit Card

Like most credit cards offers, the Best Buy Credit Card offers an incentive for signing up, but it varies. If you sign-up in person at a Best Buy store, you may receive a discount on your first purchase using the card.

If you sign-up online, there is no discount. The card also includes a rewards program which is quite lucrative when compared to others. Here’s how points are earned. Irrespective of where you sign up for the card, you need to activate it through online reward zone portal managed by Best Buy.

Reward feature of Best Buy Reward Zone® Credit Card

  • Earn 2 points for $1 spent at Best Buy and
  • Earn 1 point for $1 spent at Best Buy and on items available for special pricing
  • Automatic enrollment in the Reward Zone® program
  • Get reward certificates to use towards music, movies, electronics, and more at Best Buy stores
  • Enjoy exclusive bonus point offers throughout the year to earn rewards even faster
  • No annual fee with qualifying credit
  • $0 liability on unauthorized purchases
  • Worldwide acceptance

When redeeming your rewards points, 250 points are worth a $5 Best Buy reward certificate.

That means if you buy a $125 item at best buy, with Buy Reward Zone® Credit Card you will receive $5 best Buy certificate, so you’re effectively earning a cash back rate of 4% when you shop at Best Buy and don’t get things on promotional financing.

2% when you buy groceries or dine out and 1% on everything else. This isn’t true cash back, though, because the rewards must be used at Best Buy. Still, the offer isn’t bad for a store credit card.

Other basics of Best Buy Reward Zone® Credit Card

Based on the credit score, applicants should have a good credit history, with no recent negative marks on their report. A score of 606 is recommended for a higher chance of approval, but it is not required.

There are a number of other factors that this issuer may also consider when making decisions for approval. The grace period listed for the Best Buy Reward Zone® MasterCard® is at least 20 days.

So interest charges will not be applied for purchases during those days. Be aware that some issuers will begin charging interest on cash advances and balance transfers on the transaction date.

Benefits for Best Buy Reward Zone® Credit Card

  • No Interest Store wide on all purchases totaling $429 and up if paid in full in 18 months.
  • Access to exclusive promotional sales
  • Master card benefits and acceptance
  • Online Accounts management
  • Cash Back in terms of best buy reward certificates
  • Cons of Best Buy Reward Zone® Credit Card

Drawbacks of Best Buy Reward Zone® Credit Card

The largest detraction of this card is the interest rate and fees, which are generally higher than other cards being reviewed at Finance Product Reviews. Such as Discover More card, Chase Freedom Card and Chase Sapphire Card

The purchase APR on the Best Buy Credit Card is 17.99% to 22.99% variable. If your credit history is less than excellent, you may be assessed a $59 annual fee.

There is no introductory offer either, so there is no reduced interest rate for balance transfers or purchases.

If you fail to make two consecutive minimum monthly payments and are thirty days past due, you will be terminated from promotional credit plans and you will be subject to the default rate.

Point of sale persons are often rewarded bonuses when they successfully get the shoppers to open up a new credit card at the point of sale. Unless one is well educated on the hazards of store credit cards, people give in to the sales pitch.

I do not carry the card, in fact I do not carry any store credit card in my wallet.

Conclusion on best buy Reward Zone Credit Card

The Best Buy Reward Zone® Credit Card may look good initially but its high interest rate and less than adequate rewards program will not benefit all.

Unless you shop your electronics, games, etc from best buy on a regular basis, this card is not very well fit for your need. You can earn larger cash back and rewards else where. Also always keep in mind that opening a new credit line, immediately result in few points drop in your credit score, which may take years to recover.

Lastly let me remind readers that the best way to handle any credit card is by paying off debt in-full every month, you have to pay interest on the remaining balance otherwise.

Based on above features, we give Best Buy Reward Zone® Credit Card a “Avoid” rating.

Note:  Please read credit card application documents for details about terms and conditions and more details on card feature. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty.

Some other reviews you might be interested in

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  1. I actually had this credit card for awhile. We were trying to earn enough points to buy a new TV. However, with most of the rewards being at 1% I would have had to spend 100,000 to get $1000 in rewards!


  2. […] Finance Product Reviews wrote about Best Buy Reward Zone Credit Card Review – Avoid the Zone […]


  3. I am looking at signing up for this tomorrow, but it will not be for the long term. I want to buy a TV and I want to take advantage of the 18 month no financing. We will have it paid off within the year and will likely close out the card account. Is there any reason i should not do this?


  4. I have this card and its not worth having. I originally applied for this card through the Best Bbuy site for financing through the store to purchase a TV, but was approved for this card instead and they only gave me CL of 300.00 on 11/2010. No CL increase since. I have Discover and other cards totally cl of 14,000, so of course I actually used my Discover More card to purhcase the TV. By the way great card to have. I use the Best Buy card for very small purchases and pay in full every month just to keep active. So I thought why not try to get a CL increase just to boost my credit scores. I called this morning and they gave me an extra $200.00 CL. That is crazy. My Fico scores are 697,714 and 701 with a CC utilization of 29%.


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