Rumor: GameStop preparing to introduce a credit card

Don't get too excited, though, as it supposedly comes with a really high interest rate.

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GameStop appears to be preparing its own special little credit card for availability sometime later this year. 

Some purportedly leaked documents reported by Destructoid give the details. The credit card allows customers to make purchases that automatically calculates points into the PowerUp Rewards program, enabling them to earn points much more quickly towards physical rewards and discounts. 5,000 points are awarded for anyone who signs up with a Basic membership, while Pro members can earn 15,000 points. Exclusive offers are also expected to be available through the card.

However, there's a catch. The interest rate on the card is a staggering 26.99 percent. That's over double the usual market average of 13 percent. There may be a chance GameStop could offer lesser rates as part of a promotion, but, for now, that appears to be the norm.

The company has not formally announced the card, but if the documents are legitimate we should be hearing about it soon.

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From The Chatty
  • reply
    July 29, 2014 9:00 AM

    Robert Workman posted a new article, Rumor: GameStop preparing to introduce a credit card.

    Don't get too excited, though, as it supposedly comes with a really high interest rate.

    • reply
      July 29, 2014 9:06 AM

      I've never seen a retailer specific card less than ~29% interest here in Canada. Brick, Futureshop, BestBuy, etc.

      They are fine for doing those no payments, no interest for X months assuming you pay it all off before X. Anyone that uses these cards and carries a balance = /facepalm

      • reply
        July 29, 2014 9:10 AM

        At least with the Dell credit, in their brochures, they spell it out for you. If you put $2000 on their system and only pay the minimums, it will take you 20+ years and you'll have paid almost $9k.

        Also to their, ahem, credit, they say if you pay $50 more than the minimum, they also include that in their charts in the flyers.



        At least they are trying to educate who they are giving credit to.

        • reply
          July 29, 2014 9:43 AM

          I bought a pc on Dell credit years ago and it was something reasonable, 9% I think?

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            July 29, 2014 11:39 AM

            So if you buy a PC at 9% interest rate and it takes 2yrs to pay if off and every 6 months a new computer is introduced to the market...do you think you got a great deal ?

            • reply
              July 29, 2014 12:24 PM

              Depends if after 2 years the computer is still working or not.

              In a more general sense @#$! interest.

            • reply
              July 29, 2014 2:27 PM

              I paid it off in six months

        • reply
          July 29, 2014 11:27 AM

          Think that is a law now on bills at least. Each statement I've seen in the last year or so has spelled out just how long it would take to pay off the balance making minimum payments.

          • reply
            July 29, 2014 12:27 PM

            You are right. It's the law, at least in the USA, to spell out what people are borrowing and what they are paying back.

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        July 29, 2014 1:52 PM

        They're always 1% away from being charged with loansharking. Those cards are greasy as fuck.

    • reply
      July 29, 2014 9:10 AM

      The only way that it would be worth it is if they do special no interest for x amount of months if you buy a new console and accessories together.

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        July 29, 2014 9:25 AM

        They'll do like every other store does, "Hey, sign up today and get 10% off your purchase if you use your new GameStop Powered Up Credit Card! Also, you'll earn DOUBLE the Power Up rewards points with every game you purchase with your GameStop Powered Up Credit Card fueled by Doritos!"

      • reply
        July 29, 2014 12:25 PM

        You'd have to really love you some games to use a card that only offered points that could only be redeemed at GameStop.

    • reply
      July 29, 2014 9:15 AM

      This how America fell. They will tell this story in huddled groups under a radioactive red sky, hiding from the Chinese robot meat harvesters.

    • reply
      July 29, 2014 9:25 AM

      Fuck off Gamestop.

    • reply
      July 29, 2014 10:22 AM

      my first real credit card was the sierra gamer visa card, never did get to use those sierra credits

    • reply
      July 29, 2014 10:33 AM

      If you're the type to get really excited over a credit card, you probably shouldn't own a credit card.

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        July 29, 2014 1:13 PM

        I got an application in the mail a few weeks ago for the Visa Black card. Steel front, carbon fiber back. Slick as all hell. The brochure boasted all these perks, looked like aimed at the traveling business man. I start looking at the paper work to check out the annual fee. $495. And I could add a second person to the account with an annual fee of $295.

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          July 29, 2014 2:02 PM

          Man I hate that people always need to comment on my black steel Visa card when I hand it over to them. Also those things are a bitch to destroy, I had to use my Dremel on my last one.

          • reply
            July 29, 2014 2:06 PM

            Damn son. You must make some serious scratch for that card!

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              July 29, 2014 2:07 PM

              Eh mine is the Marriott one so it is only $85 a year.

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                July 29, 2014 2:08 PM

                Ahhh okay. $85 is much better than $495!

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                  July 29, 2014 2:12 PM

                  I could see myself paying close to that with as much as I travel, it pays for itself.

    • reply
      July 29, 2014 11:01 AM

      of course it comes with a high interest rate. the poeple who would get a credit card from gamestop probably don't even know what an interest rate is.

    • reply
      July 29, 2014 11:12 AM

      I possess exactly zero brand/store credit cards. Not worth an extra 2% cash back (or whatever) at that *one* store to have to haul another fucking card around in my wallet.

      • reply
        July 29, 2014 1:07 PM

        Many places are 5% off at the time of purchase (lowes, target, etc) and you don't have the leave it in your wallet. If I know I'm going to lowes for something, I bring the card then. It's not rocket science.

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      July 29, 2014 11:33 AM

      Here's a tip, cash works. It can be used anywhere, it is accepted everywhere and you don't have to worry about monthly calls from creditors, credit score or interest rates.

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        July 29, 2014 11:36 AM

        It is also totally annoying and I hate waiting in line behind people who are paying cash. Credit cards are great if you have any kind of self control.

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          July 29, 2014 12:32 PM

          They also give you money when you use most of them. An extra 500 bucks every year for doing absolutely nothing other than paying bills on time is awesome.

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        July 29, 2014 12:26 PM

        Cash is not accept everywhere.

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        July 29, 2014 12:35 PM

        Cash doesn't give me rewards points when i use my credit card to buy everything and then pay it off every month.

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        July 29, 2014 1:46 PM

        Credit is safer, faster and easier and you get lots of benefits. Just pay it all monthly.

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        July 29, 2014 1:53 PM

        I tried putting cash into my computer for my amazon order, and it didn't work. So you are a liar.

        • reply
          July 29, 2014 1:58 PM

          You have to scan the bills and send them the .JPG.

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        July 29, 2014 3:00 PM

        time value of money bro

    • reply
      July 29, 2014 11:40 AM

      Breaking news: credit cards are bad for people who don't know how to use them