Your payments will be determined by the price of the product and the payment period and divided accordingly.įor example, if you buy a product for $500 and are given 12 months to pay it off, your monthly payments would be $41.67 ($500 divided by 12 months). Free Financingįinance fees will not be charged on the purchase during the credit promotional period if the minimum payment is made every billing cycle by the due date. Once the payment period expires, any outstanding balances that remain will be subject to the standard APR of 31.99% and the terms of the Regular Credit Plan. On the other hand, if the purchase price is not paid in full by the due date, all accrued finance fees will be assessed. Quebec residents who make the required payments and pay for the item in full by the due date of the credit promotional period will have all accrued finance fees waived. The situation is a bit different for Quebec residents, who are required to make minimum payments of 5% of the balance every billing cycle. No minimum payments are required during the credit promotional period. There are a couple of ways that the Best Buy Financing program works: Same As Cash Financingįinance fees will be charged on the purchase when the credit promotional period begins. How Does the Best Buy Financing Card Work? Please note that if you don’t pay off your loan by the end of the term, interest fees will apply. The Best Buy Card comes with payment plan options: It should be noted that the program is only available for in-store purchases, and not purchases made online. Applying and qualifying for financing is quick and easy and can be done from any device at any time. Financing options are made available through Best Buy’s partnership with Fairstone, a trusted financing company that’s been providing loan options to Canadians for years. And, it charges zero interest until the end of the financing term.ĭepending on the cost of the purchase, you can finance your purchase for up to 2 years. This financing program is designed to allow customers to defer an upfront, complete payment on their purchases and instead make installment payments. Best Buy Financing In Canadaįinancing high-ticket items at Best Buy is easy thanks to the Best Buy Card. Let’s take a closer look at the Best Buy Card to help you determine if it’s something worth applying for. But, there are some fees that come with this financing product to consider. You’ll have a few options for loan terms, depending on how much you’re spending. This card offers a service that allows you to finance your purchase through an installment loan. Fortunately, you can get a little financial help to cover the cost of these expensive products with the Best Buy Card. Many of the products found at Best Buy are high-ticket items that can be a little outside the financial comfort zone of many Canadians.
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