If you're in the market for a new TV, computer, or other big-ticket item, you may be considering financing your purchase to make it more affordable. Best Buy offers a variety of financing options, including a 24-month financing plan that can be a great option for many shoppers.
In this article, we'll take a closer look at Best Buy's 24-month financing plan and help you decide if it's the right option for you. We'll also provide some tips for getting the most out of your purchase when you finance it through Best Buy.
Before we dive into the details of Best Buy's 24-month financing plan, let's take a quick look at some of the benefits and drawbacks of financing your purchase.
best buy 24 month financing
Flexible financing option for big purchases.
- No interest for 24 months.
- Low monthly payments.
- Available on select items.
- Quick and easy application process.
- Get approved in minutes.
- Shop online or in-store.
- Manage your account online.
- Pay off your balance early with no penalty.
With Best Buy's 24-month financing, you can get the tech you need today and pay for it over time.
No interest for 24 months.
One of the biggest benefits of Best Buy's 24-month financing plan is that you can pay for your purchase over time without paying any interest. This can save you a significant amount of money, especially if you're financing a large purchase.
- No interest means no extra cost.
When you finance a purchase with interest, you're essentially paying more for the item than the sticker price. With Best Buy's 24-month financing plan, you'll pay the same amount for your purchase as you would if you paid for it in full upfront.
- Make smaller monthly payments.
By spreading the cost of your purchase over 24 months, you can make smaller monthly payments that are easier to fit into your budget.
- More flexibility.
Having the option to finance your purchase gives you more flexibility in your budget. You can use your savings for other things, such as a down payment on a house or a new car.
- Get the tech you need today.
Don't wait to save up for the tech you need. With Best Buy's 24-month financing plan, you can get the tech you need today and pay for it over time.
If you're considering financing your next purchase from Best Buy, be sure to take advantage of the 24-month financing plan. It's a great way to save money and get the tech you need today.
Low monthly payments.
One of the biggest benefits of Best Buy's 24-month financing plan is that it offers low monthly payments. This makes it easier to fit the cost of your purchase into your budget.
The amount of your monthly payments will depend on the total cost of your purchase and the length of the financing term. However, you can expect to pay around $50 per month for every $1,000 you finance.
Here are some examples of how the monthly payments might look for different purchase amounts:
- $500 purchase: $21 per month
- $1,000 purchase: $42 per month
- $1,500 purchase: $63 per month
- $2,000 purchase: $84 per month
- $2,500 purchase: $105 per month
As you can see, the monthly payments are very affordable, even for larger purchases. This makes Best Buy's 24-month financing plan a great option for people who want to get the tech they need without breaking the bank.
Another benefit of Best Buy's 24-month financing plan is that you can pay off your balance early without any penalty. This means that you can save money on interest if you're able to pay off your balance before the end of the 24-month term.
Overall, Best Buy's 24-month financing plan is a great option for people who want to get the tech they need without paying a lot of interest or breaking the bank.
Available on select items.
Best Buy's 24-month financing plan is not available on all items. However, it is available on a wide range of popular products, including:
- TVs: Get the latest TV technology without breaking the bank. Finance a new TV from top brands like Samsung, LG, and Sony.
- Laptops: Need a new laptop for school or work? Finance a laptop from top brands like Apple, HP, and Dell.
- Appliances: Upgrade your kitchen or laundry room with new appliances from top brands like GE, Whirlpool, and KitchenAid.
- Gaming consoles: Get the latest gaming console and games without paying full price. Finance a gaming console from top brands like Sony, Microsoft, and Nintendo.
If you're not sure if the item you want to purchase is eligible for financing, you can check the product page on Best Buy's website. You can also ask a Best Buy sales associate for help.
Quick and easy application process.
Applying for Best Buy's 24-month financing plan is quick and easy. You can apply online or in-store in just a few minutes.
- Apply online: To apply online, visit Best Buy's website and click on the "Financing" link at the top of the page. Then, select the "Apply for a My Best Buy credit card" option. You will be asked to provide some basic information, such as your name, address, and Social Security number.
- Apply in-store: To apply in-store, visit your local Best Buy store and ask a sales associate for a credit application. You will be asked to provide the same information as you would if you were applying online.
- Get approved in minutes: Once you have submitted your application, you will receive a decision in just a few minutes. If you are approved, you can start shopping right away.
- Use your My Best Buy credit card to make your purchase: Once you have been approved for a My Best Buy credit card, you can use it to make your purchase. You can also use your My Best Buy credit card to make future purchases at Best Buy.
Applying for Best Buy's 24-month financing plan is a quick and easy process. You can get approved in just a few minutes and start shopping right away.
Get approved in minutes.
One of the best things about Best Buy's 24-month financing plan is that you can get approved in just a few minutes. This means that you can start shopping for the tech you need right away.
- Apply online or in-store: You can apply for Best Buy's 24-month financing plan online or in-store. The application process is quick and easy, and you will receive a decision in just a few minutes.
- What you need to apply: To apply for Best Buy's 24-month financing plan, you will need to provide some basic information, such as your name, address, and Social Security number. You may also be asked to provide proof of income.
- Credit score requirements: Best Buy does not have a minimum credit score requirement for its 24-month financing plan. However, your credit score will determine the amount of your credit limit and the interest rate you will be charged.
- Get approved instantly: Once you have submitted your application, you will receive a decision in just a few minutes. If you are approved, you can start shopping right away.
Getting approved for Best Buy's 24-month financing plan is quick and easy. You can apply online or in-store, and you will receive a decision in just a few minutes. This means that you can start shopping for the tech you need right away.
Shop online or in-store.
You can use Best Buy's 24-month financing plan to shop online or in-store. This gives you the flexibility to shop however you want.
Shopping online: To shop online, simply add the items you want to your cart and then select the "Financing" option at checkout. You will be asked to provide some basic information, such as your name, address, and Social Security number. Once you have been approved for financing, you can complete your purchase.
Shopping in-store: To shop in-store, visit your local Best Buy store and select the items you want to purchase. Then, take the items to the checkout counter and tell the cashier that you want to finance your purchase. You will be asked to provide some basic information, such as your name, address, and Social Security number. Once you have been approved for financing, you can complete your purchase.
No matter how you choose to shop, you can be sure that you're getting the best deal on your purchase with Best Buy's 24-month financing plan.
So, what are you waiting for? Start shopping for the tech you need today with Best Buy's 24-month financing plan.
Manage your account online.
Once you have been approved for Best Buy's 24-month financing plan, you can manage your account online. This gives you the flexibility to view your balance, make payments, and track your spending.
- View your balance: You can view your balance online at any time. This helps you keep track of how much you owe and how much you have paid off.
- Make payments: You can make payments on your account online. This is a convenient way to pay your bill without having to write a check or go to a store.
- Track your spending: You can track your spending online. This helps you see where your money is going and make adjustments to your budget as needed.
- Set up automatic payments: You can set up automatic payments to be made from your checking account each month. This ensures that your payments are always made on time and you never have to worry about missing a payment.
Managing your Best Buy 24-month financing account online is easy and convenient. You can access your account 24/7 from any device with an internet connection.
Pay off your balance early with no penalty.
One of the best things about Best Buy's 24-month financing plan is that you can pay off your balance early with no penalty. This means that you can save money on interest if you're able to pay off your balance before the end of the 24-month term.
- No prepayment penalty: Best Buy does not charge a prepayment penalty. This means that you can pay off your balance early without having to pay a fee.
- Save money on interest: If you pay off your balance early, you will save money on interest. This is because you will be paying off the principal balance of your loan faster, which means that you will be paying less interest overall.
- Be debt-free sooner: Paying off your balance early also means that you will be debt-free sooner. This can give you peace of mind and free up your budget for other things.
- Improve your credit score: Paying off your balance early can also help you improve your credit score. This is because it shows lenders that you are a responsible borrower who pays their debts on time.
If you're able to pay off your balance early, it's a great way to save money on interest, be debt-free sooner, and improve your credit score.
FAQ
Have questions about Best Buy's 24-month financing plan? Here are some frequently asked questions:
Question 1: How long does the financing plan last?
Answer: The financing plan lasts for 24 months.
Question 2: What is the interest rate?
Answer: The interest rate is 0% for 24 months.
Question 3: What is the minimum purchase amount?
Answer: The minimum purchase amount is $299.
Question 4: What items are eligible for financing?
Answer: A wide range of items are eligible for financing, including TVs, laptops, appliances, and gaming consoles.
Question 5: How do I apply for financing?
Answer: You can apply for financing online or in-store. The application process is quick and easy.
Question 6: When will I receive my decision?
Answer: You will receive a decision within minutes.
Question 7: How do I make payments?
Answer: You can make payments online, by mail, or by phone.
Question 8: Can I pay off my balance early?
Answer: Yes, you can pay off your balance early without any penalty.
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If you have any other questions about Best Buy's 24-month financing plan, please contact Best Buy customer service.
Now that you know all about Best Buy's 24-month financing plan, here are a few tips for getting the most out of your purchase:
Tips
Here are a few tips for getting the most out of Best Buy's 24-month financing plan:
Tip 1: Compare prices before you buy.
Just because you're financing your purchase doesn't mean you should overpay. Be sure to compare prices at other stores before you buy. You may be able to find the same item for a lower price elsewhere.
Tip 2: Make a budget and stick to it.
It's important to make a budget and stick to it when you're financing a purchase. This will help you avoid overspending and getting into debt. Be sure to factor in the monthly payments, as well as any other expenses, such as sales tax and delivery fees.
Tip 3: Pay off your balance early.
If you can afford to pay off your balance early, it's a great way to save money on interest. Even if you can only make extra payments here and there, it will help you pay off your balance faster and save money.
Tip 4: Use your My Best Buy credit card for all your Best Buy purchases.
If you have a My Best Buy credit card, you can earn rewards points on all your Best Buy purchases. You can then use these points to save money on future purchases.
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By following these tips, you can get the most out of Best Buy's 24-month financing plan and make your purchase more affordable.
Now that you know all about Best Buy's 24-month financing plan and how to get the most out of it, you can shop with confidence.
Conclusion
Best Buy's 24-month financing plan is a great way to get the tech you need without breaking the bank. With no interest for 24 months, low monthly payments, and the ability to pay off your balance early with no penalty, it's a great option for people who want to finance their purchase.
To get the most out of Best Buy's 24-month financing plan, be sure to compare prices before you buy, make a budget and stick to it, pay off your balance early, and use your My Best Buy credit card for all your Best Buy purchases.
By following these tips, you can get the tech you need today and pay for it over time without paying a lot of interest or breaking the bank.
So, what are you waiting for? Start shopping for the tech you need today with Best Buy's 24-month financing plan.