Will Best Buy accept Afterpay in 2022?Detailed answers and explanations
When it comes to shopping for electronics, there’s no better option than Best Buy. Additionally, the many payment methods that have emerged have made buyers focus on the best payment methods. One of them is the riddle: Will Best Buy accept Afterpay in 2022??
Since Afterpay works with almost every major store to offer its customers a “buy now, pay later” program, it makes perfect sense that you would want to shop with Afterpay at Best Buy.
In today’s article, we’ll discuss the payment methods available at Best Buy and whether this retailer accepts Afterpay. stay tuned!
Will Best Buy accept Afterpay in 2022?
Unfortunately, Best Buy doesn’t allow payments via Afterpay. However, retailers offer alternatives that allow you to defer payments for in-store purchases, such as through Best Buy owned rentals and credit card payments. So Best Buy accepts business checks, checks, and of course, cash.
Also, Best Buy accepts discount codes and coupons. Buyers can use multiple cards, cash or gift cards when shopping in stores, but not online.
Alternative Payment Methods at Best Buy
Best Buy’s Financing Program
Best Buy has come up with a financing program where you can defer payments for in-store purchases and make manageable payments over time. There are many interest financing plans under which you can pay or repay without interest.
However, if you fail to pay on time, you will pay interest on the balance each month, depending on the APR on the recurring purchase.
Another program has also been applied, such as a credit program within 24 months with lower interest rates; customers will have to make fixed payments over several months. It’s worth mentioning that you need a Visa credit score of 700 to 749 or a Best Buy cardholder of 660 to 699 to benefit from the Best Buy financing program.
Buy now, pay later
Yes, there are still options available under the “Buy Now, Pay Later” category, although we did mention that Best Buy doesn’t accept Afterpay. To use this option, customers should use Best Buy’s credit card or Citibank’s progressive leasing alternative.
More specifically, you can use your store’s credit line to buy items over $99 without paying any interest. As for the progressive lease option, you have the opportunity to lease an item for a short period of time and pay.
Here are a few things you should know about Best Buy credit cards:
- The card can be used on purchases over $299 and you can pay back zero interest within 1 year (12 months).
- For payments of $599 and above, consumers can repay anytime within 18 months.
- Purchases over $799 are eligible for reimbursement of selected fitness equipment within 2 years (24 months).
- For payments over $999, customers can enjoy interest-free financing for 24 months on permitted home theater and Geek Squad purchases.
One thing to keep in mind is that when you fail to complete the payment within the allowed period, interest will accrue until the purchase date.
If you’re unable to apply for credit card financing at Best Buy, progressive leases are a great option, supporting payment terms of up to 12 months.
common problem
How do you apply for progressive lease payments at Best Buy?
You can apply online or in-store when shopping at an e-shop. Apply to staff for a progressive lease and fill out the form. When writing your information, make sure you ask for a decision that will allow you to pay immediately.
If this option is not available, please check your status online. While waiting for the process to complete, the staff will usually help you select items for your order and help you sign the lease, i.e. terms and amount due.
Likewise, you can ask for a Best Buy credit card application. Whether you sign up in-store or online, you first need an account. After you complete the application form, Citibank will review your application and offer a suitable plan for your creditworthiness.
You may be notified of approval or rejection immediately after your application has been reviewed. In some cases, the bank may need to conduct 7 to 10 further reviews before making a final decision.
In addition to their credit score, individuals must be at least 18 years old to legally sign up for these purchase options.
Does Best Buy still run a 24-month payment plan?
As a customer, you’re still eligible for a 24-month payment plan over $799 with a Best Buy credit card. However, this payment plan cannot be used with the progressive rental option.
Does Best Buy Make Finance?
As mentioned earlier, e-shops offer flexible financing options. You may want to pay off the entire purchase balance at the end of the promotional financing, before any interest is involved. If you don’t, interest is applied to each month’s balance at your APR for further purchases.
in conclusion
Will Best Buy accept Afterpay in 2022?? We assume that you now have the answer to this question. Unfortunately, Best Buy does not accept payments via Afterpay.
Afterpay is a great payment method compared to a credit card; however, it encourages impulse spending and affects your ability to apply for a loan.
Best Buy doesn’t feel the need to rely on this payment platform to get more customers, which is why the store has better options to give you the ultimate shopping experience.
