GameStop is about to unleash their own credit card on to the unsuspecting world. Destructoid was provided images and information regarding a GameStop credit card that features an insanely high interest rate of 26.99%. At present, the average interest rate (APR) is about 13% for cards like this.
Reportedly, anybody that is a PowerUp Rewards member is already pre-approved for the card. Those who use the card will get 15,000 bonus points for signing up if you are a Pro Member and 5,000 points for being a Basic PowerUp member. The sources close to Destructoid have been unable to say specifically when GameStop plans to roll this plan out to consumers.
While that interest rate is insanely high, chances are if you are shopping at GameStop on a regular enough basis to be a PowerUp Pro member, you probably don't much care about your financial situation that much to begin with. For everyone else, it may end up being a hard lesson in how to handle finances if they think this card will let them pick up a new piece of hardware without hassle.
GameStop to Roll Out a Credit Card with a 26.99% Interest Rate
Collapse
- Created by: Shawn Zipay
- Published: 07-29-2014, 02:42 PM
- 1 comment
X
Collapse
-
GameStop to Roll Out a Credit Card with a 26.99% Interest Rate
-
#1Linux commented07-29-2014, 10:14 PMEditing a commentThe funny thing is so many people are going to rush out and get this most likely, spend like crazy and then dig themselves a stupid debt hole that they will struggle to get out. I remember discussing things like this with a group of friends a couple years ago that the fact that someone would rather buy a game then pay their car insurance, well now that person has the option to technically do both but the game is not on credit and if they don't have the cash to pay for it they will just rack up debt.
Posting comments is disabled for guests. Login or sign up to leave a comment. -
Recommended
Collapse
Popular Tags
Collapse
- activision (417)
- apple (888)
- bethesda (434)
- dice (495)
- dlc (471)
- e3 (722)
- ea (1060)
- free (376)
- microsoft (4348)
- mmo (391)
- mobile (538)
- multi (6812)
- nintendo (776)
- nintendo switch (643)
- pc (8152)
- playstation 4 (2923)
- playstation 5 (668)
- rpg (693)
- sony (4802)
- square enix (688)
- steam (1950)
- ubisoft (491)
- valve (740)
- xbox one (2473)
- xbox series x (563)