Do Best Buy employees get discounts?
Yes. The Best Buy employee discount is a valuable perk of being an employee of Best Buy.
I wrote this guide to give you an overview of how Best Buy’s employee discount policy works and how you can use it.
By the time you finish reading, you’ll learn to maximize your employee discount for all your entertainment and tech purchases.
Let’s begin.
Do Best Buy Employees Get a Discount?
Yes. Best Buy has an employee discount.
How much is the Best Buy employee discount? Best Buy employees enjoy a generous discount of up to 50%.
Other Best Buy employee benefits include competitive pay, incentive pay, life and disability insurance, and flexible spending accounts for health and dependent care are all part of the package.
Best Buy extends discounts to auto, home, and renters’ insurance, pet insurance, commuter benefits, identity theft protection, and a legal services plan.
Best Buy offers a comprehensive employee support system.
What Is the Best Buy Employee Discount?
The Best Buy employee discount calculator uses Cost + 5%.
It provides employees with significant savings on various products.
Let’s discuss the basic concepts of cost and cost of goods sold (COGS) to grasp how the Best Buy worker discount works.
Cost refers to the price at which Best Buy buys products from suppliers. It’s the starting point for pricing items within the store.
On the other hand, the cost of goods sold digs a bit deeper as it includes all the expenses related to getting products ready for sale, like making or buying them, labor, packaging, and getting them to the store.
Here’s where the Best Buy employee discount comes into play: It usually affects the cost price, not the final selling price. By applying the discount to the cost price, Best Buy employees pay less for the items they buy.
For example, if an item has a retail price of $50 and Best Buy acquired it for $40, Best Buy employees will only pay $31.50 for it.
However, there’s a cap on Best Buy employee discounts. The maximum percentage of a Best Buy employee discount is 50%.
Even with this, this discount makes the platform an excellent alternative to Amazon.
Best Buy Employee Discount Checker
Log in to your account using the Employee Tool Kit (ETK) to perform a Best Buy employee price check. Click the Personal tab to discover all the discounts waiting for you.
You’ll need your employee identification number for verification before accessing the discounts. You can only check these discounts using your store’s computers to prevent misuse.
If you try to log in from a different store, Best Buy might not let you in. Stay connected and enjoy your special perks the right way.
Best Buy Employee Discount Policy
Here’s what you need to know about the Best Buy employee discount.
Terms and Conditions
The standard part-time and full-time employee discount is cost plus 5%.
Employees can only use the discount at the branch where they work.
The discount has a cap of 50%.
Employees need a minimum tenure of 30 days at Best Buy to qualify for the discount.
Geek Squad tech services are not eligible for the employee discount.
Eligibility
Both part-time and full-time employees qualify for the employee discount. You’ll need to complete a minimum of 30 days of work at Best Buy to be eligible for the discount.
Products
Specific items, including Apple products, most computers and tablets, movies, and smartphones, are not eligible for the discount.
You can access discounts on products like Insignia and Dynex HDTVs, Rocketfish cables, Geek Squad flash drives, and more.
Returns
If you return products you purchased using the employee discount, you’ll receive a refund based on the discounted price you paid. You may need to pay a restocking fee if you return non-defective products.
Learning the Best Buy return policy is ideal to avoid wasting time and money.
How To Get a Best Buy Employee Discount
Here are two ways to get a Best Buy associate discount: in-store and online.
In-Store
In-store, you can mention you’re an employee and provide your employee ID at the checkout counter. You can only use your employee discount at the Best Buy store you work in to ensure fairness and prevent confusion.
How To Use Best Buy Employee Discount Online
Follow these steps to use your employee discount when shopping online at Best Buy.
1. Register Your Account in the Best Buy Employee Portal.
Log into your Employee Tool Kit using your login details. Use a computer in the Best Buy store where you work to avoid issues. You’ll also need your employee ID to confirm your identity and activate your discount.
2. Shop on the Best Buy Website.
After registering your account, you can shop on Best Buy’s website like any other customer. Browse through the available products and add them to your cart.
You don’t need to enter special codes or coupons because Best Buy automatically applies them during checkout.
Ensure you’re using your employee account and proceed with the purchase.
Other Best Buy Employee Benefits
Aside from the employee discount, Best Buy offers additional benefits for different positions, lengths of service, and more.
If you work at Best Buy, here are other benefits you get that aim to ensure your physical and mental well-being.
Sales
Depending on your role, you can enjoy sales incentives recognizing your hard work and dedication.
Stocks
Best Buy employees have the opportunity to join an employee stock ownership plan. When you retire or leave, you can sell these stocks, providing a valuable nest egg for long-term employees.
Incentives
Employees often receive bonuses for outstanding performance within specific timeframes: monthly, quarterly, or annually. These incentives aim to motivate you to reach targets and earn rewards.
Free Stuff
You might receive free products, samples, and exclusive deals from Best Buy.
Pension Plan
Best Buy offers a 401(k) retirement savings plan that secures your financial future and comes with tax advantages.
Disability and Life Insurance
Benefit from insurance coverage, including dismemberment, accidental death, life, and long-term disability insurance, catering to your health and financial well-being and that of your beneficiaries.
Health and Wellness
Beyond physical coverage, Best Buy provides access to healthcare, mental health counseling, prescription drug coverage, and maternity leave, ensuring your overall health and mental well-being.
Bonus
Enjoy additional perks like commuter benefits, allowing tax deductions for certain travel expenses.
Best Buy goes beyond with legal services, pet insurance, caregiver pay for family care, and tuition aid for education advancement.
Frequently Asked Questions (FAQs)
Is There a Geek Squad Employee Discount?
Best Buy doesn’t include Geek Squad services in its employee discount rewards program.
Can I Use My Best Buy Employee Discount on Apple Products?
No. You can’t use your Best Buy employee discount on Apple items products.
What Discount Do Best Buy Employees Get?
Best Buy employees receive a standard employee discount of Cost + 5%. This means they can buy items at a price that’s 5% above the cost Best Buy paid for the item.
The employee discount applies to various products sold at Best Buy, including cables, audio equipment, computer accessories, and more.
How Do I Apply at Best Buy?
Follow these steps to apply at Best Buy.
1- Visit the Best Buy website.
2- Scroll to the bottom and look for the Careers section.
3- Browse through the available job openings and find a position that interests you.
4- Click on the job title to view the job description and requirements.
5- If you meet the qualifications, click the Apply Now button.
6- Create an account on Best Buy’s website or log in if you already have one.
7- Fill out the online application form with your personal information, work experience, and education.
8- Upload your resume and any other required documents.
9- Review your application to ensure all information is accurate and complete.
10- Submit your application.
After submitting your application, the hiring process may involve interviews and assessments to evaluate your qualifications and fit for the position.
You can follow up on your application status if you haven’t heard back within a reasonable time.
What Are the Best Things To Buy With Best Buy Employee Discount?
With a Best Buy employee discount, the best things to buy are cables, audio equipment, and computer accessories.
Best Buy may also offer new eligible items, so checking for updated deals and discounts is worth checking.
Is Best Buy a Good Company?
Yes. Best Buy is one of the biggest electronics retailers in the country. The company’s strong reputation in electronics retail and employee benefits, including discounts and career growth possibilities, are attractive.
If you’re passionate about tech, aiming for career advancement, and adaptable to the retail setting, Best Buy might be a good fit for you.
However, ensure you prioritize your preferences and goals when making your decision.
Is There a Best Buy Student Discount?
Yes. Best Buy offers a student discount. They offer exclusive deals and a wide range of electronics and tech products.
To redeem your student discount, go to the Best Buy Student Deals site, sign up for the deal, and enter your student information.
Once Best Buy verifies your student status, you’ll receive the discounts via email or see them on your Member Rewards page.
Like Best Buy, its competitor Target provides student discounts. Eligible students can save on select items. Student discounts are a great way for students to save money in college.
The Bottom Line
Best Buy employees can enjoy valuable discounts on a range of products, allowing you to save big while accessing top-notch electronics and tech items.
The employee discount is based on the cost price of products and is available for both full-time and part-time employees.
However, remember that the discount doesn’t apply to items like Apple and Android phones, game consoles, certain computers, tablets, movies, and smartphones.
