Who Owns Best Buy Credit Card -

Rewards earned on the cards are managed through the My Best Buy loyalty program and are typically redeemable only for Best Buy reward certificates.

The Best Buy credit card program is owned and issued by , a primary subsidiary of Citigroup Inc. . While the cards bear the Best Buy logo and offer rewards for the retailer, Best Buy itself is not an issuer of credit. Ownership and Issuance

Citibank issues two distinct versions of the card, each with different ownership and network implications: who owns best buy credit card

An "open-loop" card that can be used anywhere the Visa network is accepted. This version is often offered to applicants with higher credit scores. Key Financial & Legal Terms

Citibank acquired the Best Buy credit card business from Capital One Financial Corp. in September 2013. The deal involved taking over roughly $7 billion in loan balances. Rewards earned on the cards are managed through

A "closed-loop" card that can only be used at Best Buy stores and BestBuy.com .

As of late 2025, interest rates on these cards are notably high, with some reaching 31.49% . While the cards bear the Best Buy logo

Many of the card's financing offers use "deferred interest," meaning if the full balance is not paid within the promotional period, interest is charged retroactively to the date of purchase.