Is - Best Buy Financing Worth It

: Do not rely on the minimum payment. To ensure it's "worth it," divide your total purchase price by the number of promotional months and pay that exact amount (or more) every month. Summary of Benefits vs. Risks

: A student needs a $1,200 laptop for school. They use 12-month financing on their My Best Buy Credit Card and strictly pay $100 every month. By month 12, the laptop is paid off, they’ve paid $0 in interest, and their credit score may have improved from a history of on-time payments. is best buy financing worth it

: A shopper buys a $2,500 home theater system with 18-month financing. They only pay the "minimum payment due" shown on the bill, which is often not enough to clear the balance by the deadline. On month 19, they are shocked to see nearly $1,000 in interest added to their bill because the interest was accruing "behind the scenes" the entire time. Key Factors to Consider : Do not rely on the minimum payment