How Can My Best Buy Credit Card Earn Me Cash Back?

Do you need a guide on how to get cash back from Best Buy Credit Card? Well, it’s safe to say it doesn’t entail that much, coupled with the fact that it can be used for a lot of things. There might just be more details to what you need, the only way to find out is to read this guide till the very end.

Before we dig in, do you know you can also get cash advances from any ATM that accepts Visa?

That is one of the benefits of using Best Buy credit cards.

How to Get Cash Back from Best Buy Credit Card

Place the card into the ATM, enter your PIN, and select the cash advance option. After that, enter the amount and collect your cash and card.

Also, cardholders can get a balance refund via phone or online, and they will receive their cash back in the form of a cheque.

It is also possible to get it from an ACH refund credit to the bank account from which the initial payment was made.

How Much Cash Back Do I Get on Transactions?

While you use this card to make balance transfers and cash advances, it offers a range of ways to earn rewards.

You can get 5% back on Best Buy purchases alongside a cash advance fee. About the advance fee, the card charges 5% of each cash advance, with a $10 minimum.

There’s also a balance transfer fee of 5% with a minimum of $15. The lowest credit limit is $500, while some cards have reported limits as high as $15,000.

How Long Does it Take to Get Cash Back?

After processing a return, it may take up to 10 days for the refund to appear in your account, depending on your bank’s processing time.

If your payment method was cash (over $800), cheque, or a non-major credit card debit transaction (over $250), we’ll issue a refund by cheque within 10 business days.

This policy ensures that refunds are processed on time to the original payment method used for the transaction.

How Can I Spend My Best Buy Credit Card Cash Back?

While the My Best Buy Credit Card is accepted at various locations, the rewards you accumulate can only be redeemed at Best Buy.

If you meet a certain spending threshold annually, you’ll accrue additional points on in-store purchases.

Moreover, the card provides special cash options for items priced at $199 or higher.

This exclusive feature enhances your shopping experience at Best Buy by offering rewards and cash-back benefits.

How Can I Check My Card Balance for Cash Back?

You can access your Best Buy Credit Card balance online through BestBuy’s official website.

This is to ensure that your card is saved as a payment method in your My Best Buy account. This enables you to view your balance conveniently.

Alternatively, you can contact Citibank to inquire about your balance. They might ask for a few details to be able to assist you.

Make sure you contact the right office to avoid being scammed.

How to Earn Better Cash Back?

You should increase your purchases reasonably to continue getting better cash back. Also, use the Best Buy credit card at different stores that offer cash back.

You earn 5%-6% cash back for buying items at Best Buy, 3% on gas purchases, 2% on grocery and dining expenditures, and 1% on everything else.

But your credit must be fair or better to be approved for a My Best Buy store card.

How to Check Credit Card Cash Advance Limit?

Also, cash advance limits are usually a fraction of your total credit limit with the help of a PIN required when using the Best Buy Credit Card for cash advances at ATMs. 

If you did not set up a PIN when you applied for the card, you can get one by calling customer care.

You can pay by text, mail, or in-store to the pin. With this, the issuer also allows cardholders to set up automatic payments.

To wrap it up, you can withdraw cash at the ATM with a Best Buy credit card and also earn cashback on various purchases you make daily.