Best Buy Rewards Points

Best Buy Points Calculators for earning on with Best Buy spend, earning with Best Buy credit cards, and calculating cash value. Also covers elite status.
Updated 2020-12-04 By Robert Flowers III

Best Buy is an American electronics retailer based out of Richfield, Minnesota. They have just under 1,000 locations across the U.S., Canada, and Mexico and is currently one the top retailers of electronics in the United States.

Best Buy Credit Card Calculators

Learn about the earning rates, benefits, sign up bonus, and annual fees of Best Buy credit cards. Calculate how many Best Buy Points you can earn based on your spend and compare the results side by side any cards featured on the site.

Best Buy Visa Card

Best Buy Visa Card Calculator

Earns 2.5 Best Buy Points per $1 spent with Best Buy, 1.5 points per $1 spent on gas purchases, 1 point per $1 spent on supermarket and dining purchases, and 0.5 points per $1 spent on everything else. The card offers Best Buy Flexible Financing. No annual fee.
Best Buy Store Card

Best Buy Store Card Calculator

Earns 2.5 Best Buy Points per $1 spent with Best Buy. Can only be used in-store or online with Best Buy. The card offers Best Buy Flexible Financing. No annual fee.

Earning Best Buy Rewards Points

Best Buy Rewards Points are earned when you make purchases online or in-store with Best Buy as a My Best Buy rewards member. The amount of Best Buy Points you earn per $1 spent at Best Buy will depend on your membership level. The table below lists the breakdown.

Best Buy Earning Rates
Level Points Earned
Member 0.5 Points/$1
Elite Member 1 Point/$1
Elite Plus Member 1.25 Points/$1

Additional Best Buy Points can be earned using the Best Buy Visa Card or Best Buy Store Card. The table below shows how much you'll earn as a Best Buy Cardholder when making purchases with Best Buy.

Best Buy Cardholder Earning Rates
Level Points Earned
Member 2.5 Points/$1
Elite Member 2.5 Points/$1
Elite Plus Member 3 Points/$1

Having the Best Buy Visa is an easy way to build your points if you want to go all in for earning rewards with Best Buy since you'll earn 5% to 6% back on your spending based on membership level.

Best Buy Point Earning Calculator

Use the Best Buy Point Earning Calculator to calculate how many Best Buy Points you can earn based on your spend at Best Buy stores. The calculator will output how many points you'll earn based on elite status and whether or not you use a Best Buy Credit Card. Remember that every 250 points you earn will grant you a $5 Best Buy Certificate.

Best Buy Spend

Enter how much you plan on spending online or in-store with Best Buy.
$
Status Points Earned w/ Best Buy Credit Card
Best Buy Member 0pts ($0) 0pts ($0)
Best Buy Elite 0pts ($0) 0pts ($0)
Best Buy Elite Plus 0pts ($0) 0pts ($0)

If you want to calculate how many Best Buy Points you can earn with the Best Buy Visa Card when spending across more than just Best Buy, you can use the Best Buy Visa Card Calculator. You'll also be able to compare it side by side top cards.

Redeeming Best Buy Rewards Points

Best Buy Rewards Points can only be redeemed for Best Buy Certificates. Every 250 points you redeem is equal to a $5 Best Buy Certificate, which gives points a value of 2 cents each. As a member, you'll be able to set the amount of points in which they auto redeem for a certificate under the Manage Your Rewards section. Once you obtain status within the program (by spending $1,500+ during the calendar year), you'll be able to use the Point Banking option which allows you to bank your points and redeem them for a certificate whenever you want to. This provides a little bit more flexibility which can be great when you're ready to redeem points with Best Buy.

Best Buy Points Value Calculator

Use the Best Buy Points Value Calculator to covert Best Buy Points to dollars based on the value of 2 cents per point. You can enter any amount of points in the calculator.

Best Buy Points Value Calculator

Enter any amount of points to see the average cash value.
Points
Best Buy Certificate
2 Cents
$0

Here are the most common Best Buy Certificate denominations and how many points are required for each:

Best Buy Points Cash Value
Best Buy Points Cash Value
250 Points $5
500 Points $10
1,000 Points $20
2,500 Points $50
5,000 Points $100
10,000 Points $200
25,000 Points $500

How Does Best Buy Certificates Work?

Best Buy Certificates can be used in-store or online. When using them in-store, you'll be asked for the phone number connected to your account or membership number. The cashier or the POS device will then ask you if you wish to use your certificates if you have any available. When shopping online, you'll be give the option to use your certificates when checking out.

apply best buy certificates checkout
Apply your Best Buy Certificate at checkout.

There is no limit to the amount of certificates you can use, but do note that they cannot exceed the pre-tax cost of the purchase. So if something costs $4.99 before tax, you would not be able to use the $5 Best Buy Certificate even through the cost after tax would be more than $5.

Does Best Buy Points Expire?

After 12 consecutive months of no activity on your Best Buy Rewards account, your earned Best Buy Points will be issued as reward certificates down to the $5 level. So if you had 700 points, you would be given $10 in certificates (500 points) and the remaining 200 points would be forfeited. This is great considering you can't lose any more than 499 points, but you'll want to keep an eye on your Best Buy activity if you have a solid balance of points.

Do note that your points will not expire if you are an Elite Plus member.

Does Best Buy Certificates Expire?

When you redeem your Best Buy Points for a certificate, they will have an expiration date on them. The expiration date will vary depending on your status/membership level or whether you earned the certificate as part of a bonus or promotion. If you spend enough money with Best Buy to earn status in their rewards program, the Point Banking option can be very useful in this case. Since you'll have the option to redeem your Best Buy Rewards Points for a certificate on your time, it will be easier to avoid certificate expirations.

How Do You Check The Point Balance?

When signed into your My Best Buy Rewards account, you can view your point balance buy clicking on your name. It will show you the value of all your certificates and how many points you have in your account. You can click on Manage Rewards to get more details about your points, certificates, and status level.

Best Buy Elite Status

Earning elite status with Best Buy comes with a handful of benefits including bonus points, free shipping, extensions on returns and exchanges, and more. The program is really rewarding to those who frequently spend with Best Buy and I recommend signing up for it even if you only deal with Best Buy a few times per year.

How To Qualify For Status

Best Buy Elite Status is based on how much you spend with Best Buy during a calendar year. When logged into your My Best Buy Account, you'll find a chart at the top that will let you know your progress. Once you qualify for any level of elite status, you'll have it for the remainder of the calendar year and all of the following year. In order to maintain elite status, you'll need to reach the spend goal every year. If you have status and don't meet the spend goal by the end of the year, your status will end on the last day of the following February.

As an example, if you were to earn Best Buy Elite status in May 2021, you would have elite status the rest of 2021 as well as the whole year of 2022. During 2022, you would need to meet the spend goal again in order to maintain status for 2023. If you were not able to spend enough during 2022 to reach status again, your elite status would end February 2023.

best buy elite status
Best Buy helps you keep track of your elite status.

My Best Buy Member

When you sign up for a Best Buy account, you will become a My Best Buy Member. This will grant you access to a nice handful of benefits that can be useful even if you only shop at Best Buy a few times per year. Being a member comes with the following benefits:

  • 1% Back In Rewards (0.5x Points)
    • 5% back (2.5x points) if you're a Best Buy Visa Card or Best Buy Store Card holder.
  • Free Shipping
    • Applies to purchases of $35 and up.
  • Special Sales & Promos
  • Birthday Gift Coupon Annually
  • Free In-Home Consultation

My Best Buy Elite

The second tier of elite status in the Best Buy program is called My Best Buy Elite. You can earn this status by spending $1,500 at Best Buy during the calendar year. Once you obtain this status, you'll receive the perks that comes with being a My Best Buy Member as well as additional perks:

  • 2% Back In Rewards (1x Point)
    • 5% back (2.5x points) if you're a Best Buy Visa Card or Best Buy Store Card holder.
  • Free Shipping
    • No minimum purchase required.
    • Free scheduled delivery.
  • 30 Days For Returns & Exchanges
  • Additional Sales & Promos
  • Point Banking
    • Set up your Best Buy Points to automatically cash out at a certain threshold.
  • Dedicated Customer Service Line

My Best Buy Elite Plus

The highest status in the Best Buy Rewards program is My Best Buy Elite Plus. You can obtain Elite Plus by spending $3,500 at Best Buy during the calendar year. This status comes with the benefits of My Best Buy Elite along with a few more additional benefits:

  • 2.5% Back In Rewards (1.25x Points)
    • 6% back (3x points) if you're a Best Buy Visa Card or Best Buy Store Card holder.
  • Free 2-Day Shipping
  • 45 Days For Returns & Exchanges
  • Even More Sales & Promos

FAQ

What are Best Buy Rewards Points?

Best Buy Rewards Points are rewards earned when you make purchases with Best Buy as a My Best Buy Rewards member.

What can you use Best Buy Rewards Points for?

Best Buy Rewards Points can be used for Best Buy Certificates. Every 250 points redeemed will give you a $5 Best Buy Certificate.

How much are Best Buy Points worth?

Best Buy Points are worth 2 cents each. The lowest redemption option is 250 points for a $5 Best Buy Certificate.

How do you check your Best Buy Rewards balance?

Once you log into your My Best Buy account, you can click on your name to see how many points you have and the total cash value of all available certificates.

How do you redeem Best Buy Points?

Best Buy Points must be redeemed for Best Buy Certificates. You can then use those certificates online or in-store towards the pre-tax cost of your purchase.

What is Best Buy Elite Status?

Based on how much you spend at Best Buy, you can obtain Best Buy Elite Status which offers a handful of extra benefits including extra points, bonus savings, increased return/exchange time, and Point Banking.

When long does Best Buy Elite Status last?

Best Buy Elite status lasts for the remainder of the year in which it is earned and all of the following year.

How do you become a Best Buy Elite Member?

You'll earn Best Buy Elite status when you spend $1,500 during the calendar year and Best Buy Elite Plus status when you spend $3,500 during the calendar year.

How many points can you earn with a Best Buy credit card?

You'll earn 2.5 to 3 points per $1 spent with a Best Buy credit card which is equal to 5%-6% back on your purchases.

Is the Best Buy credit card worth picking up?

If you spend a lot at Best Buy and plan on paying off your balance in full every statement, the Best Buy Visa Card and Best Buy Store Card is highly recommended. It's hard to beat a steady 5% to 6% back on Best Buy purchases.

Does Best Buy Points expire?

Yes, in a way. After 12 months of no activity on your Best Buy account, your points will be automatically converted to Best Buy Certificates down to the $5 level. Any remain points after the conversion will be forfeited.

Does Best Buy Certificates expire?

Yes. Best Buy Certificates will have an expiration date printed on it.

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