Best Buy has a well-known loyalty program they call the Best Buy Rewards. Members of the program accumulate points on every completed purchase made in-store or online. You can redeem them as a reward certificate when you have enough points.
You can then use these reward certificates at the Best Buy stores or when shopping online at bestbuy.com
How you join Best Buy Rewards
Joining the loyalty program at Best Buy is as simple as signing up for it. Once you are successful, you begin earning 0.5 points for every dollar you spend in the store. If you spend $1,500 in one year, you bump up levels and become an Elite member.
Elite members earn 1 for a dollar spent at Best Buy. Once you cross the $3,500 mark at Best Buy, you join the Eliteplus group. This is the top level of the Best Buy loyalty program, and customers earn 1.25 points for every dollar they spend.
However, these points are higher when using the Best Buy credit card. The standard and Elite members earn 2.5 points for every dollar spent. However, Eliteplus members get 3 points for every dollar they spend at Best Buy.
How much are these points worth?
Best Buy has a working loyalty program that rewards its customers. However, it is not worth much. Every point you earn is worth 2 cents. This means you will need 50 points to make a dollar. However, it is possible to earn great value from your purchases, especially if you are an Elite plus member.
If you choose to redeem your points, you get one reward certificate with the total amount. However, you can also choose to redeem them in increments of $5.
Elite members
As mentioned before, there are some limits you have to surpass to become an Elite member. Once you earn the Eliteor Eliteplus status at Best Buy, you retain them for one calendar year. For example, if you spent $3,500 between January and April, you become an Eliteplus member in April. So, until April the following year, you have one year to retain your Eliteplus status.
You earn 3 points for every dollar spent from your Best Buy credit card during that one year or 1.25 points for every dollar paid in cash.
Benefits of being an Elite member at Best Buy
Besides earning more points to the dollar, there are other benefits of having Elitestatus at Best Buy. Some of the perks include:
Elite members do not operate with schedules. Standard members receive their reward certificates after specific periods. However, Elite members can redeem their points when they see fit. The return policy is different for Elite members. Regular shoppers get a 15-day return window at Best Buy. However, members with Elitestatus get 30 days to return their purchases. Elite Plus members can return or exchange any purchases made at Best Buy in 45 days. Elite members also get access to special events and sales. They also have a dedicated customer support line. Finally, basic customers at Best Buy enjoy free shipping for goods worth $35 and above. However, the Elite members do not have a minimum requirement for free shipping. Also, they enjoy faster shipping.
If you were to join a customer loyalty program, Best Buy offers some competitive perks to its members.
Best Buy reward earning
It is a little confusing to keep up with the reward system at Best Buy, mainly when you use your credit card. However, here is a breakdown of their reward earning rates:
Elite Plus members
Once you go over $3,500 in purchases at Best Buy, you earn the Eliteplus status. The status qualifies you for a 6% money back reward. However, if you shop without your credit card, you only get 2.5% back. The card tops up an extra 3.5%.
Elite members
You attain the Elite status when you shop for products worth $1,500 or more within a year. Once you are an Elite member, you can get 2% of your money back when shopping without the Best Buy credit card. You get an extra 3% of your total when you include the card.
Bottom line, you get 5% of your money back when shopping with the Best Buy credit card.
Basic members
Basic members also get 5% of their money back. However, you can only enjoy 1% back when shopping without your credit card. The extra 4% comes with a Best Buy credit card.
Which purchases do not earn you points?
You do not earn any points when you choose a financing option rather than points. Also, there are no points for commercial purchases, resales, or purchases paid for using the reward certificate.
How do you get a reward certificate?
Reward certificates at Best Buy come in $5 increments. Therefore, you can get one when you have more than 250 points.
