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.
As of February 2023, the ability to earn and bank Best Buy Rewards points is an exclusive benefit of the My Best Buy credit card. If you are not a cardholder, you will not be able to earn points. If you have points in your account prior to this change, you will still be able to redeem them.
How to earn Best Buy points
In order to earn and bank Best Buy Rewards points, you must be a Best Buy credit card holder. Best Buy no longer allows non-cardmembers to earn points on purchases.
Best Buy offers both a Visa credit card and store credit card in which both are fantastic choices if you frequently spend in-store or online with Best Buy. They're also great options if you're looking to finance large purchases.
As with most store and retail credit cards, be sure to pay your card off completely to avoid the high APR and to make sure you fully understand the ins-and-outs of the financing offers.
- Earns 5% back in rewards with Best Buy, 3% back in rewards on gas, 2% back in rewards on dining, takeout, and grocery purchases, and 1% back in rewards on everything else.
- Receive flexible financing options on your large purchases.
- Enjoy exclusive offers and savings as a cardmember.
- No annual fee.
- Earns 5% back in rewards with Best Buy.
- Receive flexible financing options on your large purchases.
- Enjoy exclusive offers and savings as a cardmember.
- No annual fee.
Best Buy 5% back calculator
Use our Best Buy 5% back calculator to get an idea of how much you will earn on your Best Buy purchases.
| Points earned from Best Buy purchases: | 250 Best Buy Points |
|---|---|
| Total value of those points: | $5 |
How much are Best Buy points worth?
Best Buy Points are worth 2 cent each meaning that every 250 points you earn is worth $5 in cash value with Best Buy. This is the only option when it comes to redeeming Best Buy Points.
Best Buy points value
| Redemption | Point Value (in cents) |
|---|---|
| Best Buy Certificate | 2 |
Redeeming points for Best Buy Reward Certificates
Best Buy Rewards Members can convert points to a Best Buy Certificate starting at 250 points for a $5 certificate. These are auto redeemed based on the amount of points you set in your account preferences.
If you have a Best Buy credit card, you'll be able 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.
How to use certificates
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.
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 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 whether you earned the certificate as part of a bonus or promotion or redeemed points for it.
This is where the Best Buy credit card comes in handy as you'll have access to the Point Banking option and your points will not be auto-redeemed. But do note that Best Buy Points also expire after 12 consecutive months of no activity and will be issued as reward certificates down to the $5 level.
So even if you're banking points, you'll still want to make sure you're occasionally shopping at Best Buy to keep activity on your account.
Convert Best Buy points to dollars
Use the Best Buy Points Value Calculator to determine the cash value of your Best Buy Points when converted to Best Buy Certificates.
| Redemption | Average Dollar Value |
|---|---|
| Point value | $0 |
Best Buy certificate values
| 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 |
FAQ
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. Every 250 points you redeem is good 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.
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.
