: Prior to Citibank, the card was issued by Capital One (which acquired the business from HSBC ).
The story of Best Buy's credit card partnership is primarily defined by its long-standing relationship with , not Synchrony Bank. While Synchrony Bank is a major player in retail financing for other brands, Citibank currently issues the My Best Buy® Credit Cards . Historical Context & Partnerships best buy synchrony bank
: While not the Best Buy partner, Synchrony Bank provides similar private-label credit cards for competitors and other major retailers. The "Showrooming" Turnaround : Prior to Citibank, the card was issued
: To fight "showrooming"—where customers would browse in-store but buy online—Best Buy used its credit card to offer 0% deferred interest financing on high-ticket items like TVs and appliances. Historical Context & Partnerships : While not the
The credit card became a vital tool during Best Buy's major "Renew Blue" transformation starting in 2012.