Who Owns Best Buy Credit Card -
A "closed-loop" card that can only be used at Best Buy stores and BestBuy.com .
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.
Citibank (via its division, Citi Retail Services ) manages the entire loan portfolio, handles credit approvals, and sets the terms of the card agreements. who owns best buy credit card
Best Buy acts as a strategic partner, utilizing the credit program to drive customer loyalty through integrated rewards and specialized financing offers. Card Variations and Acceptance
Citibank issues two distinct versions of the card, each with different ownership and network implications: A "closed-loop" card that can only be used
Cardmembers can manage their accounts through the Citibank Account Online portal or by contacting Citibank customer service at 1-888-574-1301 . Learn About the My 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 The deal involved taking over roughly $7 billion
Rewards earned on the cards are managed through the My Best Buy loyalty program and are typically redeemable only for Best Buy reward certificates.
