By using this site, you agree to our Privacy Policy and our Terms of Use. Close
irstupid on 29 July 2014
Edit Thread
CladInShadows said:
cannonballZ said:
CladInShadows said:
Like any rewards card, if you pay it off as soon as you use it, you get nothing but benefits. If you don't have that kind of control over your money, then steer clear of it.


If you have the money to pay it off then why use a credit card in the first place?

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.

Your missing reason #3

3. Safety of your money.  If someone steals your credit card or you lose it or whatever reason you are not liable and you get your money back that is spent if you call in and report it.  If someone steals your debit card or gets that number they can spend every penny you own and you are 100% liable for that.  So its much safer to use credit card on things and then just pay off the credit card with your debit/bank.