Does Best Buy Have Payment Plans? (All You Need To Know)

With the evolution of several payment schedules and plans, most customers often look forward to receiving flexible payment plans from one of America’s leading consumer electronic stores, Best Buy. 

Since Best Buy provides consumers with a reliable one-stop solution for all household and commercial electronics, it is common for customers to ask, does Best Buy have payment plans? Here’s what I found out! 

Does Best Buy Have Payment Plans?

Best Buy does offer flexible payment plans. Best Buy allows customers to finance purchases through Best Buy credit cards and lease-to-own options, allowing customers to select a financing option they are most comfortable with. 

In case you want to know more about the Best Buy payment plans, Best Buy financing options, and period, keep reading! 

Does Best Buy Have Buy Now Pay Later?

Fortunately, Best Buy accepts the buy now pay later option through the credit card options and the progressive leasing option. 

Best Buy Credit Cards offers zero interest rates for any purchase above $99 as long as you ensure that the amount is paid in full within six months. 

Alternatively, Progressive Leasing also offers customers an option to lease an item and pay for the item in installments. 

Once you complete the payments as arranged during the purchase, you can finally own them. 

Does Best Buy Let Finance?

The Best Buy Credit Cards (Best Buy Credit Card and Best Card Visa Card) offer customers flexible financing options. 

The store provides credit card offers that allow deferment of interest for a set period of time. 

According to the Best Buy financing options, you can avoid paying interest by paying off the full purchase balance before the end of the promotional financing term. 

However, suppose you do not pay the purchase balance fully before the end of the promotional financing term. 

In that case, interest is applicable on each month’s balance at your Annual Percentage Rate (APR) for regular purchases. 

How Long Is Best Buy Payment Plan?

Best Buy offers their consumers’ payment plans through two the Citibank credit card that can attract deferred interest payment plans or financing for up to 24 months. 

The eligibility of the financing is subject to change depending on the items or services purchased and the purchase amount. 

The Best Buy Visa Card and Best Buy Credit card are eligible for the following payment plans: 

  • For purchases over $299, Best Buy credit cards offer interest-free payment plans for a period of 12 months on storewide purchases.  
  • Purchases over $599 attract interest-free payment plans for 18 months on Best Buy appliance and Geek Squad purchases. 
  • Purchases over $799 are eligible for interest-free financing for 24 months on selected exercise equipment and Best Buy Geek Squad purchases. 
  • For purchases over $999, customers with Best Buy Credit Cards are eligible for interest-free financing for a period of 24 months on Geek Squad purchases and eligible home theater. 

It is important to note that if you do not pay off the full payment within the stipulated period, then the interest will be charged back to the date of purchase. 

Alternatively, if you do not manage to get approval for a Best Buy credit card, you may consider the Progressive leasing option that offers a payment plan of up to 12 months. 

Best Buy Progressive leasing paid off within the first 90 days attracts rewards. 

Does Best Buy Still Do A 24-Month Payment Plan?

Does Best Buy Still Do A 24-Month Payment Plan?

Yes, Best Buy still offers a 24-month payment plan on the use of Best Buy credit cards for purchases over $799.   

However, the 24-month payment plan does not apply to the Progressive Leasing option. 

Does Best Buy Do Afterpay?

No, Best Buy does not accept Afterpay financing for their purchases.  

Best Buy only accepts Best Buy credit cards and lease-to-own option payment plans according to the store’s financing plans. 

How Do I Buy Now Pay Later On Best Buy? 

The only option available for Buy and pay later include Progressive Leasing and Best Buy’s credit cards through Citibank. Both options are available to consumers through applications. 

For the Progressive Leasing Payment plan option, here is the process: 

You can apply only or while shopping at Best Buy in-store, inquire about the Progressive leasing application and fill it out while at the store. 

Ensure you get an underwritten decision allowing you to purchase instantly. In case an instant decision is not available at the time of the request, you can check your status by online means. 

On approval of the progressive leasing application, an employee at the Best Buy store can help you select an item for your purchase and guide you on signing a lease, including the amount payable and the term. 

Similarly, Best Buy Credit Card financing requires an application. Here is how you can get a Best Buy payment plan through the Best Buy credit cards: 

You can apply for Best Buy credit either online or in-store. In case you select the online means, you will have to create an account first. 

In the application, you will have to fill out a single application. After that, Citibank will review your application and offer an appropriate credit card based on reviews of your creditworthiness. 

Upon review of the application, others may receive instant approval or reject notifications. 

 In some instances, Citi Bank may take up to 7-10 conducting further reviews before providing a decision. 

It is important to note that a person must be over 18 years to be eligible to apply both payment plan options. 

What Credit Score Is Needed For Best Buy Financing?

Generally, Best Buy will need a good credit score of 700-749 credit score to offer the top Visa Card and a fair credit score of 660-699 for the Best Buy card.

To learn more, you might also be interested in reading up on whether or not Costco has payment plans, if Target has payment plans, and if Walmart has buy now pay later.


Conclusively, Best Buy offers customers different flexible payment plans that allow them to purchase items without full instant cash payment. 

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Marques Thomas

Marques Thomas graduated with a MBA in 2011. Since then, Marques has worked in the retail and consumer service industry as a manager, advisor, and marketer. Marques is also the head writer and founder of

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