Personal Finance

Best Buy Rewards: Review of Program Benefits

mediumIf you like to purchase your electronics from Best Buy, you should definitely consider becoming a member of Best Buy’s Reward Zone Program (which is being revamped to become My Best Buy). This program is incredibly beneficial for those who frequently shop at Best Buy. Unfortunately, many people are unaware of the existence of this program, so they end up missing out on a lot of rewards.

The Basics

As the name suggests, Best Buy Rewards is a program that rewards customers for shopping at Best Buy and encourages them to make more purchases at Best Buy in the future. Members of this program basically receive points for the things that they buy. Of course, the amount of points a member gets depends on the price of the product as well as the product itself. You won’t get the same amount of points for buying a mouse as you would for buying a brand new laptop.

One of the best things about Best Buy’s Reward Zone Program is that you don’t have to pay a red cent to become a member. Registration and membership is absolutely free. Of course, you’re going to have to spend money on Best Buy products in order to benefit from the actual membership, but it’s probably money that you would’ve spent regardless if you’re one of Best Buy’s loyal customers.

The Point System

As a member of the Reward Zone, you’ll get about one point for every dollar you spend at Best Buy. Therefore, if you spend $400 on a HP laptop from Best Buy, expect to have about 400 points credited to your account. Remember that you can get points from any purchase at any Best Buy, including from Best Buy’s website.

The Reward System

For every 250 points, you can receive a $5 certificate. You can redeem 500 points for a $10 certificate. Likewise, you can get a $20 certificate for 1000 points. Therefore, you could say that every point is worth 2 cents. While this doesn’t sound like too much, it definitely adds up quickly.

Let’s say you spend about $4000 per year at Best Buy. That’s about 4000 points that will be credited to your account. Those 4000 points can be redeemed for $80, which is certainly nothing to laugh at.

When it comes to this program, the point isn’t to buy things just to accumulate points, as such a mindset simply isn’t worthwhile. The points should just be a small benefit, so don’t purchase products that you could do without just for the Reward Zone.

The Reward Certificate?

Every time you redeem your points for a reward certificate, it will be sent to you via your email address. There, you’ll be able to your certificate online or print it out for use at any Best Buy store. Unfortunately, you won’t be able to use the certificate to pay for products that you purchase from the online store, but this is likely to change in the near future.

Extras

Even if you don’t purchase enough to make the Reward Zone worthwhile for you, you should still become a member. There are often special bonus point offers as well as special welcome offers, which will help you accumulate points much faster. For example, if you get the Best Buy credit card, you’ll have the potential to get up to 6 percent back in points. Therefore, if you buy speakers for $300, you can expect to get about 2.5 points per dollar, which is 750 points, or $15.

If you have a smartphone, you can download the Best Buy mobile app. Each time you check into the app, you’ll receive bonus points. There are also special promotions that will be offered via the mobile app. These special promotions will be mobile app exclusive.

As a member, you’ll get free shipping on all purchases greater than or equal to $35. Best of all, you’ll qualify for the free shipping no matter the time of the year. You’ll also have early access to exclusive offers and special sales, and there will also be member-only shopping events.

As you can see, Best Buy Rewards has plenty to offer to its members, especially for the members who purchase electronics often from Best Buy.

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