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forum threadGregoryV1967 posted Aug 04, 2024 05:02 PM
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forum threadGregoryV1967 posted Aug 04, 2024 05:02 PM

Turn your My Best Buy™ reward points into gift cards

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https://mybestbuyredemptionsite.c..._page_2024

Credit cardmembers can redeem My Best Buy™ reward points for e-gift cards to top retail stores, restaurants, entertainment, and more! Not a Cardmember? Learn more [bestbuy.com].
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https://mybestbuyredemptionsite.c..._page_2024

Credit cardmembers can redeem My Best Buy™ reward points for e-gift cards to top retail stores, restaurants, entertainment, and more! Not a Cardmember? Learn more [bestbuy.com].

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18 Comments

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Expert
This user is an Expert in Tech & Electronics
Aug 04, 2024 05:04 PM
18,185 Posts
Joined Sep 2011
bluekiwi
Expert
This user is an Expert in Tech & Electronics
Aug 04, 2024 05:04 PM
18,185 Posts
Best buy gc 50points = $1
All other gc 100 points = $1
1
1
Aug 04, 2024 05:08 PM
5,526 Posts
Joined Oct 2007
audierulesAug 04, 2024 05:08 PM
5,526 Posts
I really wish Amazon would go back to letting us buy GC with amazon credit.
1
Original Poster
Pro
Aug 04, 2024 05:12 PM
296 Posts
Joined Jan 2018
GregoryV1967Aug 04, 2024 05:12 PM
Original Poster
Pro
296 Posts
For the first time, BestBuy lets you buy gift cards using rewards points.
Up until now, rewards could only be used for purchases at BestBuy.
The BestBuy credit card has quarterly rewards categories, such as 5% off utility bills.
So now I can convert my rewards points into Amazon gift cards.
Note the very first comment from BLUEKIWI: BestBuy gift cards have the best rewards to cash ratio.
Pro
Aug 04, 2024 05:25 PM
2,971 Posts
Joined Aug 2017
social_gamer
Pro
Aug 04, 2024 05:25 PM
2,971 Posts
I only have the $5 rewards certificate...nope that expired 8/3
Aug 04, 2024 05:47 PM
7,852 Posts
Joined Dec 2006
ketamineAug 04, 2024 05:47 PM
7,852 Posts
Quote from social_gamer :
I only have the $5 rewards certificate...nope that expired 8/3
You should have bought that Samsung ring size whatever pack with it. I did just that, $10 BB gc for $4.65 that won't expire.
1
Aug 05, 2024 04:23 AM
462 Posts
Joined Dec 2022
BlueDesk9616Aug 05, 2024 04:23 AM
462 Posts
Quote from bluekiwi :
Best buy gc 50points = $1
All other gc 100 points = $1
Wait, wait, so effectively Best Buy is letting you double your rewards points redemption value if you use it to buy a BB gift card instead of issuing rewards certificates? Seems like a no-brainer especially since gift cards do not expire but rewards certificates do …
Expert
This user is an Expert in Tech & Electronics
Aug 05, 2024 04:25 AM
18,185 Posts
Joined Sep 2011
bluekiwi
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This user is an Expert in Tech & Electronics
Aug 05, 2024 04:25 AM
18,185 Posts
Quote from BlueDesk9616 :
Wait, wait, so effectively Best Buy is letting you double your rewards points redemption value if you use it to buy a BB gift card instead of issuing rewards certificates? Seems like a no-brainer especially since gift cards do not expire but rewards certificates do …
Yes, that is the case

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Aug 05, 2024 05:55 AM
20 Posts
Joined Jul 2018
pocketkings719Aug 05, 2024 05:55 AM
20 Posts
Quote from BlueDesk9616 :
Wait, wait, so effectively Best Buy is letting you double your rewards points redemption value if you use it to buy a BB gift card instead of issuing rewards certificates? Seems like a no-brainer especially since gift cards do not expire but rewards certificates do …
Keep in mind you can also purchase something (pre-order works best) with your reward certificate and then cancel it and the certificate will be returned as points (can also do in-store pickup and cancel or not pick it up). This may only work now if you are a Best Buy Credit Card holder from point banking turned on.
1
Aug 05, 2024 07:23 AM
4,569 Posts
Joined Dec 2011
PRYCEMYSTEAKAug 05, 2024 07:23 AM
4,569 Posts
Cool story bro
Aug 05, 2024 12:20 PM
1,485 Posts
Joined Nov 2019
SlickGame612Aug 05, 2024 12:20 PM
1,485 Posts
I was excited until I saw the terrible exchange rates. No thanks

For a free credit card, the BB card is decent. I've been getting 5% back at BB, 5% back in a different category each quarter- I've been choosing "wholesale clubs" (includes Walmart and Target for some reason), 3% back on gas, 2% back on groceries, and no foreign transaction fees. They also have been giving me increased "spend outside BB" promos like spend $3,500 and get an extra $75. I plan my big purchases (like vacations) around those spending deals.
Last edited by SlickGame612 August 5, 2024 at 05:23 AM.
Aug 05, 2024 12:31 PM
89 Posts
Joined Aug 2011
daquigleAug 05, 2024 12:31 PM
89 Posts
Quote from BlueDesk9616 :
Wait, wait, so effectively Best Buy is letting you double your rewards points redemption value if you use it to buy a BB gift card instead of issuing rewards certificates? Seems like a no-brainer especially since gift cards do not expire but rewards certificates do …
No. The redemption cost for a Best Buy gift card is equal to that of a reward certificate. 250 points = $5 certificate or gift card. It costs twice as much for non-Best Buy gift cards. The 3rd party cards are not the baseline value to consider.

And while reward certificates expire and gift cards don't, which to get depends on what you're wanting to use them on. There is a limit to the number of gift cards you can use on one transaction, and this new site only lets you get a $25 gift card at most. If you redeem for a certificate you can get up to $100 on one certificate.
1
Aug 05, 2024 03:44 PM
462 Posts
Joined Dec 2022
BlueDesk9616Aug 05, 2024 03:44 PM
462 Posts
Quote from daquigle :
No. The redemption cost for a Best Buy gift card is equal to that of a reward certificate. 250 points = $5 certificate or gift card.
This is a good point and the source of my error. $100 spend is 2.5 rewards points which is a $5 rewards certificate.

Very confusing. Thank you for clarification.

So what this means is actually redeeming this points for gift cards (other than Best Buy gift cards) is a bad deal.
Aug 06, 2024 05:50 PM
1,485 Posts
Joined Nov 2019
SlickGame612Aug 06, 2024 05:50 PM
1,485 Posts
Quote from BlueDesk9616 :
Wait, wait, so effectively Best Buy is letting you double your rewards points redemption value if you use it to buy a BB gift card instead of issuing rewards certificates? Seems like a no-brainer especially since gift cards do not expire but rewards certificates do …
Here, rewards certs are more valuable than gift cards because they act as a discount on the price, so you don't pay sales tax on the amount paid for it with rewards certs
Aug 07, 2024 12:31 AM
462 Posts
Joined Dec 2022
BlueDesk9616Aug 07, 2024 12:31 AM
462 Posts
Quote from SlickGame612 :
Here, rewards certs are more valuable than gift cards because they act as a discount on the price, so you don't pay sales tax on the amount paid for it with rewards certs
No kidding, interesting. I'll have to see how it works for me next time I redeem one. Do you know if it varies by state?

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Aug 07, 2024 10:30 AM
1,485 Posts
Joined Nov 2019
SlickGame612Aug 07, 2024 10:30 AM
1,485 Posts
Quote from BlueDesk9616 :
No kidding, interesting. I'll have to see how it works for me next time I redeem one. Do you know if it varies by state?
Perhaps. I can only speak to PA

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