Who Owns — Best Buy Credit Card

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.

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

Citibank issues two distinct versions of the card, each with different ownership and network implications: who owns best buy credit card

As of late 2025, interest rates on these cards are notably high, with some reaching 31.49% .

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

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. Key Financial & Legal Terms Citibank issues two

A "closed-loop" card that can only be used at Best Buy stores and BestBuy.com .