Does Best Buy Take Afterpay In 2022? Detailed Answer & Explanation

By Phillip Adcock
Last Updated: September 14, 2022
Does Best Buy Take Afterpay

When it comes to shopping for electronics, there is no other option better than Best Buy. Besides, many payment options arising make buyers concerned about the best payment method. One of them is the riddle: Does Best Buy take Afterpay in 2022? 

Since Afterpay collaborates with almost all big stores to offer a ‘Buy Now, Pay Later’ program for its customers, it makes total sense that you want to shop with Afterpay at Best Buy.

In today’s article, we are going to talk about the payment methods available at Best Buy and whether or not this retailer accepts Afterpay. Stay tuned!

Does Best Buy Take Afterpay In 2022?

afterpay

Unfortunately, Best Buy does NOT allow payment via Afterpay. However, the retailer offers alternatives that let you defer payments on in-store purchases, such as payments through Best Buy lease-to-own and credit cards. Consequently, Best Buy accepts business checks, checks, and of course, cash.

In addition, discount codes and coupons are also acceptable at Best Buy. Buyers can utilize multiple cards, cash, or gift cards when purchasing at stores yet not for online.

Other Payment Options At Best Buy

Financing Plans At Best Buy

Best Buy came up with a financing plan where you can defer payments on in-store shopping and make manageable ones over time. There are numerous interest financing plans under which you can pay or repay with no interest. 

Yet, if you fail to make an on-time payment, you will be charged the interest on the balance every month, depending on the rate of Annual Percentage applied for regular purchases.

Another plan like a decreased rate for the credit plan within 24 months is also applied; customers will have to make fixed payments over the months. It is worth mentioning that you need to have a Visa credit score of 700 to 749 or a score of 660 to 699 for Best Buy cardholders to avail of the benefit of Best Buy Financing Plans.

Buy Now, Pay Later

Buy now Pay later

Yes, even though we did mention that Best Buy does not accept Afterpay, there are still options available under this ‘Buy Now, Pay Later’ category. To make use of this option, customers ought to use Best Buy’s credit card or the progressive leasing alternative through Citibank.

More specifically,  you can use the store’s credit to make purchases of more than $99 without having to pay any interest. As for the progressive leasing choice, you are given a chance to lease an item and pay for it in a short period of time.

Below are several things you should know about credit cards at Best Buy:

  • The card can be utilized for purchases above $299, and you are able to repay the sum within 1 year (12 months) with zero interest.
  • For payments of $599 and above, consumers can repay anytime within an 18-month period.
  • Purchases that are over $799 are eligible to be repaid within 2 years (24 months) on selected exercise equipment.
  • As for payments exceeding $999, customers are able to experience financing with no interest in 24 months, applicable for permitted home theater and purchases on Geek Squad.

One thing to keep in mind is that when you fail to complete the payment in the allowed period, the interest will be accumulated to the purchase date.

In case you can not apply for credit card financing at Best Buy, Progressive leasing is a good alternative, supporting payment periods of 12 months at maximum.

FAQs

How Do You Apply For A Progressive Leasing Payment At Best Buy?

You can either apply online or in-store when shopping at the electronic store. Ask the staff for the application of progressive leasing and fill in the form. While writing down your information, make sure you request a decision that allows you to make payments right away.

In case the option is unavailable, check for your status online. While waiting for the process to come through, usually, an employee will help you choose items for your orders and help you sign a lease, namely the terms and the amounts payable.

Likewise, you can ask for a Best Buy credit card application. Regardless of the in-store or online sign-up, you will first need an account. After you have filled in the application, Citibank will then review your request and offer suitable plans regarding your creditworthiness.

Once your application is reviewed, you may get a prompt approval or a reject notification. In some situations, the bank may need from 7 to 10 further reviews before coming to the final decision.

Besides their credit scores, an individual must be at least 18 years old to be legally able to sign up for these purchase options.

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

As a customer, you are still eligible for a 24-month payment plan using a Best Buy credit card for purchases of over $799. However, this payment plan cannot be used for the progressive leasing option.

Does Best Buy Let Finance?

As mentioned, the electronics store offers flexible financing options. You would want to pay off the full purchase balance by the end of the promotional financing before any interest is concerned. If you fail to do so, interest is applicable to each month’s balance at your APR for further purchases.

Conclusion

Afterpay is a great payment option compared with credit cards; however, it will encourage impulse spending and affect your ability to apply for loans.

Best Buy does not feel the need to rely on this payment platform to get more customers, which is why the store has better alternatives to provide you with the ultimate shopping experience.

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* Disclaimer: We do not buy, sell or provide service, we only share with you our trusted sources, and experience. In case of any changes in the products or services of the companies, all the information below is supposed to change at any time.

Phillip Adcock is the founder and Managing Director of the research agency Shopping Behaviour Xplained (SBXL), a shopping research organization using psychological consumer insight to explain and help consumers answer their questions about stores and services.

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