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Last updated on July 28th, 2022
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At a Glance
The Buy On Trust merchandise credit account is a lease-to-buy program where account holders can buy today and pay later. The company offers major brand names like Apple, LG, Bose, and more – with credit limits of up to $5,000 and flexible repayment schedules.
Ideal for Those Who:
• Have limited credit or no credit history at all
• Want a credit line to purchase brand-name laptops, TVs, and other electronics
• Have an open checking account in good standing
• Live in any U.S. state except MN, NJ, WI, or WY
Buy On Trust Review
Buy On Trust is a pay-over-time credit account that lets consumers shop over 60,000 items from the biggest names in electronics with Best Buy. They can buy now and pay later – with no credit needed.
How Does Buy On Trust Work?
The Buy On Trust credit program is similar to other catalog cards and merchandising card offers in that it does not require any credit history to get approved. Once they are approved and make their one-off $50 payment, successful applicants have access to up to $5,000 in credit towards purchases with the Buy On Trust shopping portal, which features thousands of name-brand electronics, home goods, accessories, and more.
Accountholders can use their credit line to make purchases, schedule a pickup at their nearest Best Buy location, and then finance those purchases through a flexible lease ownership plan designed to fit their budget.
Options include paying off over 12 months through a flexible payment schedule timed to their payroll dates or by paying the lease off within 90 days and closing the account for the amount financed + $10.
No Credit History Required
As mentioned, the Buy On Trust account does not require a credit history for approval. This feature makes the merchandise account an ideal option for those with imperfect credit, recent bankruptcies, or no credit history at all. Individuals have better odds of approval than with a traditional credit card product.
However, keep in mind that not all applicants are automatically approved. As the terms and conditions explicitly state, “No Credit Needed does not mean or imply that no inquiry will be made of credit history or creditworthiness. It means that this is not a credit transaction. We may check credit history and creditworthiness, but no established credit history is necessary.”
The application process requires basic information, including:
• Date of birth
• Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN)
• State-issued ID
The company also requires three months of income history for applicants and an active checking account. Successful applicants will need direct deposits totaling at least $1,000 each month, plus proof of a checking account free from excessive overdraft charges and negative balances.
What Are the Benefits of Opening a Buy On Trust Account?
Opening a Buy on Trust account provides several benefits for potential applicants. Firstly, the service offers an accessible route into credit for those with no credit history or a damaged credit score.
Beyond that greater accessibility, however, is the array of products available through the online portal. The Buy On Trust shopping portal lets customers shop from over 80,000 products at Best Buy. This vast list includes major brands not found on other merchandise account shopping portals, including Apple, Samsung, Insignia, Bose, LG, and more.
Simplicity and Affordability
The program also offers both affordability and simplicity for users. Accountholders have 12 months to repay their purchases on a flexible payment schedule tailored around their payroll. If they want to repay their balance sooner, they can pay off the balance due any time after 90 days and save 25% or more on all future payments. Plus, new accounts can close their balances without worry. Pay off your entire balance within 90 days, and you can close your account for the amount financed plus a $10 fee.
Exceptional Customer Service
Customer service often goes unheralded – but it is a crucial component in any merchandise card or lease-to-buy program. Far too many catalog card programs fall short with customer service, either with long wait times, missed calls, or poor representatives. This is not the case with Buy On Trust.
Buy On Trust boasts an impressive 4.9 stars out of five rankings on Trustpilot, with over 97% of respondents giving the company a score of “Excellent.” Customer service is one of the most cited reasons for this exceptional score, with agents going the extra mile to help customers track orders, issue refunds, or find similar products.
This attention to consumers makes the Buy On Trust brand one of the most popular merchandise credit sites – and one of the fastest-growing in an increasingly crowded marketplace.
Buy On Trust is currently available in all U.S. states and the District of Columbia, with the exception of the following locations:
- New Jersey
Buy on Trust Lending Ratings
How does Buy on Trust Leending stack up? Here are a selection of expert reviews for the card:
What is the Buy on Trust like to live with? Before deciding if the program is right for you, here’s what our readers and members think about the card:
Should You Apply for a Buy On Trust Credit Account?
The Buy On Trust program is one of the most attractive lease-to-own and merchandise credit accounts on the market today. The program provides an easy application and approval process, generous credit limits, and the ability to purchase high-quality products from some of the biggest brand names on the planet.
Where other programs hide behind confusing terms and conditions, Buy On Trust relies on openness and honesty. They provide a streamlined service, impressive selection, and affordable repayment options. Add excellent customer service to the mix and you have a very enticing credit product that is ideal for those looking to build their credit and purchase great products at the same time.
Ultimately, signing up for any merchandise account is heavily dependent on what the applicant can get out of the program. Will they find items that are worthwhile? Are they searching for electronics, home goods, or other appliances – but have bad credit? Can they afford to repay their balance on time?
Fortunately, for those searching for great products, at reasonable prices, and with affordable and flexible repayment plans, the Buy On Trust program hits all the right notes.