Does Best Buy Have a Rewards Program in 2021?

For years, Best Buy has been the undisputed leader in consumer electronics, video games, televisions, computers, and even kitchen appliances. They have grown popular from their unique services like the Geek Squad, Student Deals, Home Experts, and exclusive credit cards.

Add to that list a rewards program that offers points on dollars spent in the store and online. It’s a worthwhile program for a store with high-dollar item purchases. For every dollar you spend, you receive between 0.5 and 1.25 points, depending on your level.

If you use your Best Buy credit card, that number increase between 1.5 and 2 points for every dollar added to the base points. Let’s see what else this program offers.

Does Best Buy Have a Rewards Program?

Best Buy has a rewards program called My Best Buy. You can get free shipping, exclusive deals, and points accumulation that can be used for reward certificates. This program is perfect for those that continually upgrade their electronics, buy specifically at Best Buy, and want to save money in the process.

However, the points system is highly complicated and may not be fruitful unless you spend thousands of dollars. In addition, if you are a registered reseller with Best Buy, you will be excluded from the program as the terms and conditions limit your participation.

Further, Apple products are not available to earn points unless these items are purchased with a Best Buy credit card. However, you can earn points from buying gift cards.

How Does Best Buy’s My Best Buy Rewards Program Work?

The My Best Buy rewards program is a tiered rewards program that bases your level on your spending habits during a year. There are three levels to the program, core, elite, and elite plus. It is entirely free to join the core level. However, to jump up to the elite and elite plus, you must spend at least $1,500 and $3,500 respectively each year.

Before we break the levels down, you need to understand the Best Buy credit card system. These cards are essential to the program because they will augment the number of points you get from your purchases.

You can apply for two credit cards, the “My Best Buy Credit Card” or the “My Best Buy Visa Card.”

Each card allows for rewards and financing options. However, the Visa card can be used anywhere Visa is accepted. Here is a quick breakdown of the benefits, side to side.

BenefitBest Buy Credit CardBest Buy Visa Card
Rewards & FinancingYesYes
Use Outside of Best Buy?NoYes
Rewards on GasNo3%
Rewards on Dining & FoodNo2%
Rewards on everything elseNo1%

So, from the table above, you have a choice on which card you use based on your credit needs. What this does to the points earned for you My Best Buy rewards program is added to the base amount.

When you use either My Best Buy credit card as a core and elite member, you get a total of 2.5 points for every dollar spent, and as an elite plus member, you get 3 points for every dollar spent.

The points that you earn are redeemable for dollar reward certificates. For example, the standard $5 reward certificate requires 250 points.

So, working backward, to earn a $5 reward certificate, you need to accumulate 250 points, which means spending $100 at the core and elite levels and $84 at the elite plus level.

What Are the Perks of Best Buy’s My Best Buy?

There are more perks to the My Best Buy rewards program than just the points and $5 reward certificate. There are benefits to shipping, in-home consultations, exclusive deals, and access to sales and offers. However, the advantage that changes the most with the levels is the points and the shipping. Here is a review.

My Best Buy Core Level

  • 0.5 points earned without the My Best Buy Credit Card
  • 2.5 points earned with the My Best Buy Credit Card
  • Free shipping on orders of $35 and up
  • Free in-home consultations
  • Standard 15-day return policy
  • Access to core level special offers
  • Receive 25 points for writing a review on BestBuy.com
  • No point banking options
  • No dedicated customer service line
  • Free to join

My Best Buy Elite Level

  • 1 point earned without the My Best Buy Credit Card
  • 2.5 points earned with the My Best Buy Credit Card
  • Free shipping on all orders and free scheduled delivery
  • Free in-home consultations
  • Advanced 30-day return policy
  • Access to elite level special offers
  • Receive 25 points for writing a review on BestBuy.com
  • Point banking options available
  • Dedicated customer service line available
  • $1,500 purchase minimum per calendar year

My Best Buy Elite Plus Level

  • 1.25 points earned without the My Best Buy Credit Card
  • 3 points earned with the My Best Buy Credit Card
  • Free same-day delivery, 2-day shipping on all orders, and free scheduled delivery
  • Free in-home consultations
  • Advanced 45-day return policy
  • Access to elite plus level special offers
  • Receive 25 points for writing a review on BestBuy.com
  • Point banking options available
  • Dedicated customer service line available
  • $3,500 purchase minimum per calendar year

What Can I Get with Best Buy’s My Best Buy?

Before you purchase anything with your points, you need to redeem them for their value in $5 reward certificates. The reward certificates only come in $5 increments and require 250 points each. Any points left over that don’t exceed 250 will stay in your account until they expire or are added to and redeemed.

Both your points and your reward certificates have expiration dates. So, be careful about saving them for an upcoming purchase. Make sure that they don’t expire before you need them. If everything works out, you could spend them on just about anything in the store or online, including the following.

Items you can use reward certificates as part of the purchase:

  • All types of electronics
  • Video games
  • Televisions
  • Laptops & computers
  • Home appliances
  • Refrigerators
  • Speakers
  • Smartphone accessories
  • Smart home devices
  • Video game accessories

You can’t use the reward certificates on prior purchases, leased products, rent-to-own products, and other limited circumstances. Further, the purchase price needs to exceed the reward certificates used.

How Much Are 500 My Best Buy Points Worth?

You can trade in 500 My Best Buy points for $10 in reward certificates. The process of converting My Best Buy points to cash reward certificates is easy and often automatic.

First, you must wait a few days after a qualifying purchase for the points to hit your account. It isn’t automatic. Then log into your account. You will see your total amount of points. Just hit convert, and you will earn one reward certificate in increments of $5 for every 250 points.

How Can I Redeem Best Buy Rewards?

You can redeem your My Best Buy reward certificates online and in-store by presenting your ID at checkout. Your redeemable dollars are attached to your account and will show up during the checkout process automatically.

Does My Best Buy Give Annual Rewards?

Best Buy does not give away annual rewards. Instead, the benefits earned from the different tiers are the only ways to accumulate points throughout the year.

Does Best Buy Still Have the My Best Buy Rewards Program in 2021?

Best Buy still has a rewards program in 2021 called the My Best Buy rewards program. If you are going to make high-dollar purchases at Best Buy, you should consider becoming a member to get significant shipping discounts and cashback via earned points.

The My Best Buy rewards program is not better than any other rewards program. The points accumulation process is confusing. Further, the program is only worth the effort if you use a Best Buy Credit Card or Visa Card.

The points and the reward certificates expire and must be used quickly. However, if you regularly spend money at Best Buy, it is worth investigating as the membership is free.