New Orleans, USA - Dec 3, 2017: Lit up exterior sign of a local Best Buy store. Some evening fog visible. Best Buy is America's premier electronics specialty franchise chain. concept: Best Buy For Business
Derek Tallent
By: dtallent
Read in 9 minutes

Everything You Need To Know About Best Buy For Business

Best Buy For Business is a specialty program that helps business owners and offers various benefits to boost them.

This article will discuss the benefits of this program, how you can sign up for it, and some of the pros and cons that come along with it.

Tables of Content
1. What is Best Buy for Business?
2. What are the benefits of best buy for business?
3. How to make a Best Buy Business account
4. Advantages and disadvantages of best buy for business
5. What’s the best business financing alternative for you?
6. FAQs

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What is Best Buy For Business?

Best Buy for Business is essentially a partnership program between Best Buy and a business. This can mean Best Buy being a supplier or providing technical guidance and expertise.

So if you own a small business, you definitely should give the program a look.

What Are The Benefits of Best Buy for Business?

If you’re unsure if Best Buy for business is right for you and your small business, don’t worry.

Below is a non-exhaustive list of the benefits that this program provides to its partners:

Supplying Thousands of Business Products

Best Buy acts as a supplier for its business partners. You can purchase personal computers, printers, copiers, and a lot more through your business account.

Volume Purchasing

When running a business, you often need to buy in bulk, which can be complicated with technology and electronics.

This is one of the primary benefits of Best Buy for Business: you can get a lot of these electronics in bulk if needed.

Price Savings and Exclusive Deals

Best Buy offers a lot of products, but it also gives special savings and deals to its partners on its official Best Buy for Business website.

This is great for saving you some much-needed money on needed supplies. They also offer a rewards program that gives you points based on purchases.

Best Buy Business Advantage Account and Card

The best buy credit card for business is a no-fee card that gives the business owner a lot of flexibility in terms of invoicing, payment options, purchase orders, transaction limits, and more.

You can apply for a Best Buy business credit card here.

Detailed Net 30 Invoices

After each purchase, you will receive a very detailed net of 30 invoices. If you are unfamiliar with that term, you need to send an invoice that you must pay in full within 30 business days.

Account Management

Each partner has an account manager that gives comprehensive solutions to complex projects or other purchasing decisions.

This can be an excellent resource for getting a second opinion and helpful whenever a problem arises.

Geek Squad Support

Best Buy employs technology experts called the Geek Squad that help its customers in a variety of ways.

This is another huge benefit for partners, as the Geek Squad can help with consultations, demos, project management, installation, security, and even support for your Best Buy products.

a women looking how to set up a best buy business account

How To Make Best Buy Business Account

Getting a Best Buy Business account is pretty simple. You can simply go to Best Buy’s website and sign up for a business account.

The process is very similar to signing up for an account on other websites.

To start, you’ll need some basic information about you and your business:

  • Your Name
  • Your Business’s Name
  • A phone number for your business
  • Your Business’s Address
  • An email for your business

You can also upgrade your personal account if you already have one.

Best Buy Business Account Requirements

If you’re looking to open a Best Buy Business account, there are a few requirements you’ll need to meet.

  1. First, you must have a business license or tax ID number.
  2. You’ll also need to provide a credit reference and bank information.
  3. Finally, you’ll need to create a Best Buy Business account online.

Once you’ve met all the requirements, you’ll be able to take advantage of all the benefits that Best Buy Business has to offer!

Advantages and Disadvantages of Best Buy for Business

Now that we’ve shown what Best Buy for Business is, we will break down the pros and cons of signing up for one of these accounts.

Pros of Best Buy for Business

Easy to Sign Up

The sign-up process is straightforward. This means less time fiddling around with your account and more time getting back to business.

Sweet deals

You can get exclusive deals on electronics with this account. You’ll be able to save money.

Flexibility

There is a lot of flexibility involved with a Best Buy for Business account.

You can personalize your purchases to set transaction limits or decide on payment options and invoices that are right for you and your business.

Guidance and Support

Electronics can be pretty tricky to install and set up. So having the Geek Squad to help you through that process can save you a lot of time and frustration.

If your electronics break or start going on the fritz, it’ll be the same. You will be thankful that you have an expert on call to help you fix it.

Cons of Best Buy for Business

Not a Business Credit Card

We’ve talked about business credit cards and their advantages before, so we should say that a Best Buy Business card is not like a business credit card.

You can only use your account to buy Best Buy products (i.e., electronics), so they limit the rewards you can get.

Not Compatible With Business Credit Card

Playing off of the con above, you cannot use your business credit card for purchases at Best Buy (once you have a Best Buy for Business account).

This could mean that you actually don’t save as much money, depending on what rewards and cashback you have on your current business credit cards. If you already have a business credit card with great benefits, you might not need to sign-up.

Doesn’t Increase Your Capital Directly

While purchasing accounts like Best Buy for Business can be nice, keep in mind that they won’t actually give you any increased capital for outside projects.

While you might save a dollar or two, you will need to rely on outside sources of capital, like a small business loan, for more significant projects like renovating or expanding your current workplace.

If you need a small business loan to grow your business, Camino Financial is your best alternative.

What’s the Best Business Financing Alternative for you?

We hope that this post has helped give you the rundown of Best Buy for Business.

Always remember that you have options when running a business, including supplier accounts like these, business credit cards, or even business loans.

Choosing the right option for you and your business will let you grow your business in no time.

For more helpful articles and guidance, be sure to join our Camino Financial Newsletter.

We always strive to fulfill our motto: “No Business Left Behind,” and a big part of that is offering small business owners the capital they need.

We want you to be successful! Apply for a small business loan and start growing your business today!

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FAQs

How to apply Best Buy credit card?

You can apply for a Best Buy credit card in one of two ways: online or in-store. To apply online, simply visit the Best Buy website and click on the “Credit Cards” tab near the top of the page. From there, you’ll be able to scroll through the different credit card options and click on “Apply Now” to get started.

Head to your nearest Best Buy location and ask a sales associate for help to apply in-store. They’ll be able to direct you to the correct application form and help you through the process.

How to get approved for Best Buy financing?

You can do a few things to improve your chances of getting approved for Best Buy business financing.

  • Make sure you have a good credit score.
  • Provide a strong business plan and financial projections.
  • Demonstrate that your business is viable and has the potential to succeed.

If you can do all those things, you’ll have a good chance of getting approved for business financing.

Does Best Buy business report to credit bureaus?

No, Best Buy does not report to credit bureaus. However, if you have a Best Buy store card, Synchrony Bank, the card’s issuer, may report your payment history to the credit bureaus.

If you’re trying to establish or improve your credit history, make sure you’re making all of your payments on time and keeping your balances low. As long as you’re doing that, you should positively impact your credit score over time, even if Best Buy isn’t directly reporting to the credit bureaus.

Does Best Buy give corporate discounts?

Best Buy does offer corporate discounts on some of its products. Typically, the businesses discounts offered by Best Buy are for products that are available for purchase through the organization’s online store.

 

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