Pros
- No membership fees
- Qualify with fair credit
Cons
- No rewards
- High regular APR
GameStop Credit Card
Additional Info
- Use your card to shop in store or online.
- Exclusive offers.
- Maximize benefits by signing up for Power-Up Rewards (Pro Membership is $25 per year).
- More Details & Reviews About GameStop Credit Card
Is the GameStop Credit Card Worth It?
The GameStop Credit Card is not worth it, even if you love video games, because it doesn’t give any rewards other than what you’d normally earn as a GameStop Pro member without the card. The most attractive features of the card are the $0 annual fee and the fact that you only need fair credit for approval.
Yes, the GameStop Card’s modest approval requirements and lack of an annual fee make it a decent credit-building option for people who have limited or fair credit. But numerous offers are this card’s equal in that regard, and many surpass it with additional features that promise to actually benefit your wallet, whether you wind up making video-game purchases or not. Let’s just put it this way: There’s no reason to actively seek out the GameStop Credit Card, which does little to distinguish itself from the crowd, so why decide to apply? The card also has a stratospheric 32.24% (V) APR and no promotional financing offers at the moment.
What You Need to Do to Make the GameStop Credit Card Worthwhile
Since the GameStop Credit Card doesn’t give any rewards, there’s no amount you can spend to really make the card worth it. But you should at least pay your balance in full every month, because you don’t want to owe interest at the extremely expensive 32.24% (V) APR.
GameStop Credit Card Highlights
- No Annual Fee: Unless your main objective is credit building, the GameStop Credit Card is unlikely to be your only option. After all, you can only use it to make GameStop purchases, and we all have thousands of dollars in non-GameStop spending that we can put on plastic each year. As a result, the card’s lack of an annual fee is essential. It enables the card’s modest rewards to benefit you rather than simply help to counteract a fixed cost and thus gives the card a place in certain spending arsenals. Not having to pay an annual fee makes it easier to keep the card open indefinitely — especially one that isn’t your main spending vehicle — which figures to boost your credit score by increasing the average age of your loans and lines of credit.
GameStop Credit Card Lowlights
- No Rewards: The GameStop Credit Card doesn’t give any rewards by itself. You can earn points when you buy things at GameStop with it, but you could earn the same amount of points even if you didn’t have the card. To be eligible to earn points at GameStop, you must spend $25 per year on a Pro membership. GameStop Pro members get a welcome bonus of 10,000 points plus an ongoing rate of 20 points per $1 spent, regardless of their payment method. Ultimately, you’d think a company that deals in video games would understand the power of rewards. But that clearly doesn’t seem to be the case.
- Above-Average Regular APR: Gaming-related purchases are the type of luxury that you should never have to go into debt to afford. You should therefore strive to always pay your GameStop Credit Card’s monthly bill in full, especially since doing so will enable you to avoid the card’s 32.24% (V) variable APR. The average APR among credit cards for people with fair credit is 26.59%, and the average for store credit cards is 30%, according to WalletHub’s latest Credit Card Landscape Report.
- Deferred-Interest Promotional Financing : While not currently active, the GameStop Credit Card used to offer six-, nine- and 12-month 0% financing deals, depending on the amount of the purchase in question. Such a deal could save you some money on interest, but it could also come back to bite you. That’s because GameStop financing features a nasty component known as “deferred interest,” which promises to leave you with interest that applies to your entire original purchase amount if you don’t pay your monthly bills on time during the financing term or you don’t pay off your full balance by the time regular rates take effect.We recommend that consumers steer clear of deferred-interest financing, but if you decide to give it a whirl, make sure to use a credit card calculator.
Other Things to Consider About the GameStop Credit Card
- Credit-Building Capabilities: The simple fact that you can get approved for this card with only limited or fair credit opens it up to a whole new market: people who don’t necessarily like GameStop. It doesn’t matter which retailer’s branding graces your plastic if credit building is your primary goal. What you should really care about in that case is approvability and avoiding fixed costs. After all, if you don’t currently have a credit card, you need to get one in order to have the positive information flowing into your major credit reports as soon as possible.
- Exclusive Cardholder Offers: “Exclusive cardholder offers” is a rather vague feature to advertise, but you have to assume that such unnamed features will be beneficial.
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