The Best Buy credit card program is owned and issued by , a primary subsidiary of Citigroup Inc. . While the cards bear the Best Buy logo and offer rewards for the retailer, Best Buy itself is not an issuer of credit. Ownership and Issuance
Rewards earned on the cards are managed through the My Best Buy loyalty program and are typically redeemable only for Best Buy reward certificates.
Citibank acquired the Best Buy credit card business from Capital One Financial Corp. in September 2013. The deal involved taking over roughly $7 billion in loan balances.
As of late 2025, interest rates on these cards are notably high, with some reaching 31.49% .
An "open-loop" card that can be used anywhere the Visa network is accepted. This version is often offered to applicants with higher credit scores. Key Financial & Legal Terms
Best Buy acts as a strategic partner, utilizing the credit program to drive customer loyalty through integrated rewards and specialized financing offers. Card Variations and Acceptance
Many of the card's financing offers use "deferred interest," meaning if the full balance is not paid within the promotional period, interest is charged retroactively to the date of purchase.