cannonballZ said:
I don't think the benefits of using the gamestop card will be worth it. If you're a power up member you get points, the same points they will give you for using the credit card. Those points are worthless for the most part, to get anything worth value you must have like 20k+ points. I agree with stearing clear, even if you do have control over your spending habbits. |
Two reasons to use credit cards even if you pay it off right away:
1. Builds up your credit rating. If you never use credit cards, you will run into problems when looking to do things like getting a car loan or a mortgage.
2. The rewards. Are you sure you get exactly the same points? It doesn't say in the article, but if this is a rewards card, there's a very good chance that you will get considerably more points using the credit card than you would normally get using cash as a member. That's how many other rewards cards work. If not, then it's a pretty shitty card and not worth your time. But I have a feeling the card will net you more points per purchase.
Credit cards generally have 21 days of grace period where it's interest free. If you pay off your purchases within that timeframe, you get ALL the benefits of using the card, and none of the negatives. Your credit rating benefits, and you get any extra Gamestop points from using the card. I make 95% of my purchases with my travel American Express. I pay them off immediately, or at least within the 21 days. I have never incurred a cent of interest on that card, but I have enough points right now to fly for free to most places in Canada. And many places in the States.
