$99 iPhone This Week at Best Buy

A forum user and Best Buy Reward Zone program member has received an e-mail from the giant retailer with information on the best iPhone deal yet. Best Buy is now offering iPhones for as low as $99 to Reward Zone subscribers.

According to the announcement, the two-year contract still applies. You must be an existing Reward Zone member to take advantage of the special pricing. Signing up for the program today will not nab you the discounted iPhone.

Taz1981 has posted the e-mail in question over at modmyi forums. The e-mail reads:

Reward Zone® program members, Best Buy MobileTM brings you an unprecedented offer on one of the hottest phones available. This is just one of the perks of membership.

Apple® iPhoneTM 3G Offer Between 2/22 and 2/28/09, purchase an iPhone 3G with a 2-year new activation and save $50-$100.

8GB** iPhone 3G (8600864):
regular price: $599.99
- $400 instant savings
- $100 additional savings = $99.99

16GB** iPhone 3G (8975861, 8975898):
regular price: $699.99
- $400 instant savings
- $100 additional savings = $199.99

This offer is just one of the many perks of becoming a Premier Silver member.

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8GB** iPhone 3G (8600864):
regular price: $599.99
- $400 instant savings
- $50 additional savings = $149.99

16GB** iPhone 3G (8975861, 8975898):
regular price: $699.99
- $400 instant savings
- $50 additional savings = $249.99

This amazing offer is brought to you by Best Buy Mobile, your resource for mobile phone technology. Choose from a wider selection of phones and plans, with impartial advice and straightforward pricing.

Best Buy continues to outline that the offer is valid in-store only. Interested parties must be Reward Zone program members on or before 2/21/09 and there's a one device limit per customer. Also worth noting is that the offer isn't valid on prior purchases or refurbished iPhones, while in-store activation choosing a data plan is required.