Points Guru Chronicles: How Best Buy’s Reward Zone Program Works
Do you buy a lot of electronics or video games? If you purchase them at Best Buy, you should consider joining the retailer’s Reward Zone loyalty program.
About Best Buy
Best Buy came to Canada when it purchased Future Shop in 2001. Last year, 66 Future Shop stores were closed and the remaining 65 were converted into Best Buy stores. Today, the company has almost 200 Best Buy and Best Buy Mobile stores across the country.
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How to earn Best Buy Reward Zone points
You’ll start earning points as soon as you enroll in the Reward Zone program—either online or in store. You can earn one point for almost every $1 spent at Canadian Best Buy stores or on BestBuy.ca. However, you can’t earn points at Best Buy stores in the United States or for purchases made on BestBuy.com.
Although you’ll typically earn just one point for every $1 you spend, there are sometimes double- and triple-point offers. Make sure to check the Reward Zone’s exclusive offers to take advantage of them.
Unfortunately, the Best Buy Reward Zone Visa was discontinued last year so there’s no credit card that’ll help you earn points faster.
How to redeem Best Buy Reward Zone points
Once you’ve earned 400 points, you’ll automatically receive a $5 reward certificate via email for your next purchase. You can also save your certificates and use them for a bigger purchase. However, certificates do expire 180 days after they’re issued. Alternatively, you can change the certificate issuance threshold to $10 or $20 in your account profile.
The problem with the Reward Zone program is that your points do expire if you don’t make a qualifying purchase within a calendar year. If you have more than 400 points, they’ll be cashed out and you’ll receive reward certificates in $5 increments. If you have less than 400 points remaining, you’ll lose all of your them.
The value of a Best Buy Reward Zone point
The value of a Reward Zone point remains constant. If you redeem 400 points for a $5 certificate, the value is $0.0125 ($5/400 points = $0.0125). And if you redeem 1,600 points, the value is still $0.0125 ($20/1,600 points = $0.0125).
The bottom line
The Best Buy Reward Zone is a great way to earn points when you shop at the retailer. But make sure to purchase something at the store or online every year or you’ll lose your points.
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