Best Buy Launches 1% Rewards with 6% Credit Card Bonus for Plus and Total Members
On June 4, Best Buy will grant 1% back on eligible purchases and 6% when using its credit card for My Best Buy Plus ($29.99/year) and Total ($199.99/year) members. Members will track points in a digital hub on BestBuy.com and the app, with rewards shown at checkout.
1. Reward Points Rollout
Starting June 4, Best Buy will introduce reward points for My Best Buy Plus and Total members, awarding 1% back on eligible purchases and 6% back when they use the My Best Buy Credit Card.
2. Membership Tier Benefits
My Best Buy Plus costs $29.99 per year and offers 1% base rewards, 6% with the store credit card, free two-day shipping, exclusive pricing and a 60-day return window, while Total membership at $199.99 per year adds product protection, 24/7 support and repair discounts.
3. Digital Membership Hub
Members can view and redeem points through a new digital hub on BestBuy.com and the Best Buy mobile app, with earned rewards displayed in the shopping cart and at checkout in real time.
4. Customer Demand and Strategic Impact
Over 80% of Best Buy customers indicated they want reward points, a demand the company aims to meet to boost shopper loyalty, increase membership sign-ups and differentiate its subscription offerings in a competitive retail environment.