So, I have a Best Buy credit card, and I bought something with a 12-month interest-free promotion. The original amount was around $1,200. I paid most of it off and had about $100 left as the promotional 12-month period came to an end. A couple of months later, I bought something else for around $150, which didn’t have a promotion.

I was shocked to find that I was charged $653 in interest in last past month. Did they charge me interest on the full original amount of $1,200, even though I had already paid off more than 90% of the balance? My parents told me that’s what happened, but I was in shock and wanted to confirm. This is the only store-specific credit card I’ve ever opened. Also they won't keep charging me this amount each month right?

What are my chances of getting approved for Best Buy 24 month financing with 550 credit score? They’re having a promo for 24m. Zero interest on cameras and I’m wondering if I can get it. Anyone with similar credit score getting something like that?

Not sure if that matters but low credit score is due to high balances, no late or missed payments ever

Hi all! So I decided to open a MyBestBuy credit card to get a Macbook, because I needed a new laptop for school. I have one other credit card that is a Discover card that has a 2k limit. I was able to get my credit score up to 707, but since purchasing the 1500 macbook on the BestBuy credit card my score is tanking. I did also buy airpods with the credit card but they are almost paid off now. Not sure what to do because my credit score is going down each month since the purchases :(. I was hoping the financing option would allow me to build my credit and now it is tanking it. What the heck should I do? Also?? 30% utilization rate true? If so would it be my total credit limit of 4k I need to be under or is it different? Please help me figure this out!:)

Hello! I am 20 years old and I currently have a credit score of a 746 and that’s because of my car loan and because I have never missed a payment in my credit history thus far. I have had a credit line open for at least 8 months and make around 2-3k a month maybe more and have a car payment of $380 and is my only monthly payment, as I still live with my parents. I have a couple of grand saved up but I wanted to know if I did move out if I can get approved for the best buy card for the interest free financing. Besides my car loan, the only credit card I have is the discover student card and have an exceptional payment history. What are my approval odds?

UPDATE: I actually applied to the Amex Blue Cash Everyday card after posting this shortly after, and was approved. I waited three months until my score raised back up to 740 on my experian and I decided to apply in store. After the application was finished, I was approved for $2000 for the Best Buy Visa Credit Card. I put in for rent or own "own" gave a more than enough estimate of what I made, which was "$45,000" and was instantly approved. My highest account at the time was 11 months, so it is possible to get this card with less than one year of credit history. I do know of a coworker there at bestbuy that was approved for "$2000" with a 670 with "$40,000" and multiple hard inquiries this past year 5+.

Best buy offers no interest credit on TVs if they're paid off completely in 24 months. Given high CD rates, it seems like an opportunity to save some money. Is it worth signing up for a line of credit, though? I'd absolutely pay it off on time.

I want to buy a computer from best buy as it looks like the best bang for your buck, and the financing caught my interest, but then I saw the admin fees, and I don’t know if that’s 70 a month or along with the first month, making the first month 160? I’m really interested and would like a response

So I called Best Buy credit card customer support. They said they’re running a 36 month finance deal on anything over $899 but you have to call to get it adjusted or have them adjust it in store. Hope this helps!

I have the Best Buy Store card.

I bought a TV in August with 0% financing for 2 years.

I want to make another purchase at $300 with 0% financing for 1 year.

How do I manage paying each off at the same time over their respective payoff periods?

I plan on buying an iPhone, apple watch, maybe airpods (and some other tech things) over the next year. Best buy carries all the apple products and has financing available so I am leaning towards it. I can also buy other things at best buy. I will be moving to a new apartment. I'm not really looking for the cash back or rewards as I'd rather have the financing.

I do have 2 cards already that has rewards: capital one savor (3k limit) and chase freedom unlimited (1k limit). I don't plan on opening any cards after this for a while. So should I get the best buy credit (not store card) or are there better options available? Should I consider the apple card?

I'm planning on purchasing a PC and I would have to pay $50 monthly is that worth it?

Is it a good idea to get the Best Buy credit card to finance an expensive item? I want to buy a Microsoft surface laptop before I go on a vacation, I need a portable laptop that is decent (college student). The finance would be 12 months and it would be $30-50 a month for the laptop. If I pay this off every month on time and even possibly pay the laptop off early is this a good idea? I have heard a lot of people regretting getting that credit card which is why I am asking. My credit score is about 750 and no late payments or anything thanks to autopay.

We bought a washer dryer, a couple other appliances and racked up about a 2k debt on a Best buy card. When we bought a house. Everything had 12-24 months interest free financing, we didn't pay it off intime, and it's balloned to about 6k.

The interest rate is 30 percent which I completely missed.

I realize now I screwed up big time. But what can I do?

I am currently financing a laptop through bestbuy credit card (citi bank card) with the promotional plan they are offering which is 12 month financing without no interest. Anyways, I just checked my credit score and it dropped 34 points since it was reported that I owe money. I am not understanding why it dropped so much. Should I call bestbuy customer service or citi bank? Is it normal to drop that much? I've been trying to build my credit score this past year and everything was going well till this happened so I'm sorry if I sound upset. Any help would be much appreciated

So what exactly is the fine print on financing electronics at Best Buy through Citi? From what I can tell, you are screwed if you don’t pay it off completely by the end of the agreement (12mnths). Is it just a credit card and I get approved for a certain limit on that card with 0 interest for 12 months? What happens after I pay it off? Do I just keep this card? What can I use it for? Do I just close it? Would it have any negative effect on my credit? Why would a person want to pay upfront rather than finance? How does Best Buy/ Citi profit from 0% interest? Any insight helps, thanks.

The wording made it very confusing. Can I just do the minimum payments for 11 months and then pay a lump sum before the interest hits the last month? Or do I need to do even payments (1/12th item price) every month?

Holy crap I ended up just paying the full price but this is crazy!

Does anyone know the schedule for the financing terms and how often they change? I'm waiting for the 24 months storewide to come back around before making a big purchase, notably a MacBook Pro. I missed out on the Upgrade+ program before it ended and that had a 36 month option for 0% that I was already approved for.

Quick question for you guys, does Best Buy always offer 0% interest financing with a credit card for major appliances and home theater related purchases for 24 months?

I'm asking because we plan to purchase a new home soon and would like to finance some of the appliance and tech purchases but given the total cost, we'd want at least a 24 month term.

Is this always available at Best Buy? Do they ever offer terms higher than 24 months?

Edit: Thank you for all of the input, you have all been very helpful. Based on the information I've gathered, 24 months is practically a guarantee as long as I bundle an item in from a 24 month 0% interest category in the same purchase as other items.

Also, from some of the feedback here...it looks like 36 month 0% financing may also be available if the purchase totals around $10k (which in my case will). However, this appears to be based somewhat on luck and whether a manager is willing to call Citibank and have them approve this special financing term.

2 years ago mom moved to a place that required us to buy appliances. We found a deal through best buy and the total was around $2,400. Since my mom doesn't know the language well she asked a person with her native language that worked there to attend to her. When she asked about the payment options he told her she would only have to pay a fixed amount for 5 years and then the interest would start pilling up each month. Today she got a bill of $4,600!!! ($2,200 extra) we thought maybe someone used her card but as I read the bill it mentioned 24 month no interest for last month. So it's clear she was on a 24 month no interest payment and when my mom asked they guy about the payments at the store he gave her the wrong information.

My question has anyone that has had this happen know if I can call and get this fixed. If I go to the store, or offer to pay the whole original balance in full so we don't get charged the outrageous interest. The interest is higher than the appliances itself and we can't just give $2,200 away. If my mom would have known she had 24 months she would have payed it all( she never missed a payment, but she had made the payments based on the rate that the best buy seller told her. You can unsertand how $2,200 can set anyone back. Especially if you didnt know about it and are not even paying for a physical item... Her fridge is literlly broken and this money could fix that and now we have this set back.

Any tips could help.