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.

Hi, I was planning to buy a tablet, and I saw this thing called best buy financing, where it says that you can pay portions per month instead of paying in full. Is that what it means? Does anyone know exactly what is best buy financing? Thanks in advance!

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 a student looking to get a MacBook and currently I only have the money to finance one, I already have 5 credit cards and a score of 740 (I don’t know if that is relevant) but there is a MacBook on sale at Best Buy and I was looking to finance it but the only way is to get the BB card and I don’t plan on financing any other devices from them in the future.

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 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

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+.

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

I purchased a laptop from Best Buy and I would like to change my method of payment so they return my $1,800 and use their Fairstone financing option instead. This way I don't have an $1,800 charge on my credit card injuring interest since it will take me a couple months to pay it off with my current expenses.

The way it works is you have to pay a $70 add-on fee which apparently goes to Best Buy if you're going to finance for 12 months And then you don't have to make any payments for 12 months or you can pay however much you want or everything out right whenever you feel like it as long as it's before the 12th month deadline.

I did a quick research on Fairstone and found some scary results. Maybe that's only to do with the loan portion of their business. I'm not requesting a loan (Even though this financing option technically is kind of like a loan but it's not).

Is it safe dealing with them? Specifically for my purpose. What if I were to return that laptop within the return window? Best Buy said I can return the laptop by January the 12th, 2025. I love the laptop and the only reason I would return it is if I find a better deal for around the same amount of money. So far nothing gets even close to the good deal that I got so I'm likely keeping it.

Best Buy and Fairstone's website said that a return would be honored even under the financing option with them and it will not affect me negatively in any way. I'm just doing my research to make sure it won't affect my credit score and anything else. I know that they will have to run a credit check on me when I open an account with them and generally when anyone runs a credit check on you, it might lower your credit score a tiny bit but it's temporary and not a big deal if you do it rarely.

Literally every post I come across says to stay away from them. I don't understand why. If I'm going to pay off the entire amount within three or four months when I have 12 months to do it, what's the big deal? Is it the reputation they hold and the fact you don't want to be associated with them? Just educating myself.

Edit (for everyone): First of all, I really truly appreciate anyone who came on here to help educate me and answer my questions. If I came across arrogant or anything like that it was just because I felt like people weren't really understanding why I asked the question I asked. I did not get into all the details because I did not feel it was necessary. I really just wanted to know the reputation of Fairstone And if they are okay to deal with if you pay everything on time. I know you were all just looking out for me, thank you.

So, I am planning on getting a MacBook air for school and I am wondering if it is a good idea to do the financing option.

Especially now because there is a student deal going on at the moment that seems too good to pass on.

Hey y’all, I got an official email from Citi at the beginning of the month for an offer allowing me to use my Best Buy Visa Card to do 12 month financing on purchases outside of Best Buy this year. Has this offer been around before? Does anyone that has gotten this email taken advantage of the offer?

I purchased appliances on my Best Buy card and used the zero interest for 18 months. It was due in September so I started paying down on my balance to pay the appliances off. I still owed $3000 on my balance and charged $2200 for the appliances. I was under the impression that after the minimum payment requirements were made the rest of my payment would go towards the interest free balance. Every time I made a payment over the last 4 weeks it only applied half of the payment and the rest went towards the other balance. Said and done I kept paying until I owed a total of $600 on my entire balance ($300 on the zero interest stilled owed). Then I made $150 payment just checking, because I more than made the requirements for the minimum amount a couple of weeks ago, it still brought the interest free balance to $150. I felt like I wasn’t getting zero interest unless my entire balance on my card was paid off. I paid it all off to a zero balance finally. I keep checking for interest on the other amount so then want get me even though it’s 6 weeks away. Am I crazy? Is this how their programs work? The fine print didn’t read that way. Buyer beware of this on Best Buy. Nothing is free they want to get you.

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?

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!:)

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.

does anyone know if i can use my best buy visa card anywhere that accepts visa and still pay stuff off in a certain amount of time interest free

I am in need of a new laptop and have been wanting to buy a MacBook Air for years now, and I finally have the income to afford it. If I apply for a Best Buy credit card to finance the device ($100ish a month for 18 months with no interest if paid timely) and then cancel after paying the device off, will that affect my credit score? It is way cheaper than doing the same process through Apple. I have had a discover card for a little while now and have never missed a payment. I need a new device and want to make a conscious decision while I can afford it. Any insight is appreciated.

My first question is if I make (transaction A) a $1200 purchase and put it under 12 month financing and then make a separate (transaction B) $100 purchase later on, how will this affect my financing? For example if I make a $200 payment the first month and then $100 the rest of the financing term does that mean I owe no interest or do I have to pay off transaction A first?

My second question is if I get added as an authorized user does this mean if I decide to get the card for myself under a new account I no longer qualify for an introductory offer?

I appreciate any information that can be provided!

I'm thinking about applying for this card as Best Buy is a retailer I visit semi-frequently. I was wondering how people who do have the card have been liking it or why people avoid it. To me, it seems like a somewhat better version of the Apple Card, since you get 5% back at Best Buy, 3% back on gas, and the flexibility to finance more than just Apple products. What do you think?